Busbar Trunking Market Size (2024 - 2029)

Busbar Trunking System Market Analysis

The busbar trunking market is expected to grow at a CAGR of more than 5% over the forecast period (2022-2027). 

The market was negatively impacted by the Covid-19 pandemic, as many industrial projects were stalled due to the unfavourable economic atmosphere. However, the market has since rebounded, and the market is expected to grow steadily during the forecast period.

• Factors such as an increase in power consumption and technical advantages of busbar trunking, especially in the industrial sector, are expected to drive the market during the forecast period.
• On the flip side, the high cost of busbar trunking systems, making them unviable for small and medium enterprises is likely to restrain the growth of the busbar trunking market in the coming years.
• However, globally, the focus has increased on investments in clean energy projects and the development of smart cities. As a result, the extensive development of new renewable projects and the development of green constructions are likely to create an excellent opportunity for the busbar trunking market in the future.

Busbar Trunking System Industry Segmentation

Busbar Trunking System distributes electric power using copper or aluminum busbars with suitable enclosures and a good amount of protection to prevent the cables from getting damaged due to foreign bodies. The busbar trunking market is segmented by Material, Power Rating, End-User, and Geography. By Material, the market is segmented into Aluminum and Copper. By Power Rating, the market is segmented into Lighting, Low Voltage, Medium Voltage, and High Voltage. By End-user, the market is segmented into Commercial, Industrial, Transportation, and Residential. By Geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East, and Africa. For each segment, the market sizing and forecasts have been done based on revenue (USD Billion).