Market Overview:
The global hard busbar market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for hard busbars in residential, commercial, and industrial applications. Hard busbars are used as a conductor for high-current electrical systems and are made of copper or aluminum alloys. They offer several advantages over traditional wiring methods such as reduced installation time and weight, increased current carrying capacity, and improved safety. The low power segment is expected to grow at the highest CAGR during the forecast period owing to the growing demand for hard busbars in residential applications. Hard busbars are increasingly being used in smart homes and buildings due to their ability to carry large currents without overheating or causing a fire hazard. The medium power segment is also expected to witness significant growth during the forecast period due to rising demand from commercial establishments such as data centers, hospitals, airports, etc.
Product Definition:
A busbar (also bus-bar, or simply bar) is a metallic strip or bar that carries high voltage electrical power from one point to another. The term also applies to a metal plate that supports several electric cables in an electrical substation.
Low Power (Below 125 A):
Low power is defined as the energy consumption of an electronic component in Watts (W) or VA (Volt-Amps). The energy used by a device to perform a given task is measured in terms of its power rating. Low Power Electronics are those devices which consume low power, for instance; LED light bulbs use less than 100 W while typical computer uses around 250 W.
The growth factor can be attributed to several factors such as miniaturization.
Medium Power (125 A–800 A):
Medium Power (125 A–800 A) is the range of electric power supply units which are used to provide general household current. It has wide application in domestic appliances such as hair dryers, coffee machines, vacuum cleaners and other electrical equipment. The increasing demand for electronic gadgets coupled with rapid industrialization is expected to drive the medium power market over the forecast period.
The hard busbar system was initially designed for low-power electronics such as sensors.
Application Insights:
The industrial segment dominated the global hard busbar market in terms of revenue share in 2017. The growth can be attributed to increasing demand for electrical equipment from various end-use industries such as oil & gas, chemical, petrochemical and power generation. In addition, growing emphasis on safety is expected to drive the product demand over the forecast period.
Commercial applications are anticipated to witness significant growth over the forecast period owing to rising construction activities across major economies including China India and Australia.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to increasing demand for electricity in developing countries such as China and India. The growing industrial sector, coupled with commercial construction activities, will also drive the market over the forecast period.
Europe was valued at USD X million in 2017 and is projected to witness steady growth over the forecast period owing to its well-established power distribution network along with high product adoption rate by industries including data centers and telecoms companies for back up purposes. Moreover, rising government initiatives are undertaken in order to reduce carbon footprint associated with conventional power generation sources are anticipated fuel greater adoption of hard busbars across end-use markets including residential buildings and commercial offices/shops/offices etc., thereby driving industry growth across this region as well.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Rising investment in renewable energy sources such as solar and wind power
- Proliferation of electric vehicles and growing demand for charging infrastructure
- Development of smart grids that enable two-way communication between utilities and consumers
- Growing use of busbar systems in data centers to manage power distribution
Scope Of The Report
Report Attributes
Report Details
Report Title
Hard Busbar Market Research Report
By Type
Low Power (Below 125 A), Medium Power (125 A–800 A), High Power (Above 800 A)
By Application
Residential, Commercial, Industrial
By Companies
Schneider Electric, Eaton, Siemens, Methode Electronics, ABB, Nacobre, IUSA, Rittal, Schneider Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Hard Busbar Market Report Segments:
The global Hard Busbar market is segmented on the basis of:
Types
Low Power (Below 125 A), Medium Power (125 A–800 A), High Power (Above 800 A)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schneider Electric
- Eaton
- Siemens
- Methode Electronics
- ABB
- Nacobre
- IUSA
- Rittal
- Schneider Electric
Highlights of The Hard Busbar Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Power (Below 125 A)
- Medium Power (125 A–800 A)
- High Power (Above 800 A)
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hard Busbar Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hard busbar is a type of electrical safety device used to protect equipment from overcurrents. Hard busbars are made of metal and are usually mounted on the side of a power distribution panel. When an overload occurs, the hard busbar will break, preventing further damage to the equipment.
Some of the major players in the hard busbar market are Schneider Electric, Eaton, Siemens, Methode Electronics, ABB, Nacobre, IUSA, Rittal, Schneider Electric.
The hard busbar market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hard Busbar Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Hard Busbar Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Hard Busbar Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Hard Busbar Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Hard Busbar Market Size & Forecast, 2020-2028 4.5.1 Hard Busbar Market Size and Y-o-Y Growth 4.5.2 Hard Busbar Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low Power (Below 125 A)
5.2.2 Medium Power (125 A–800 A)
5.2.3 High Power (Above 800 A)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hard Busbar Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hard Busbar Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low Power (Below 125 A)
9.6.2 Medium Power (125 A–800 A)
9.6.3 High Power (Above 800 A)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low Power (Below 125 A)
10.6.2 Medium Power (125 A–800 A)
10.6.3 High Power (Above 800 A)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low Power (Below 125 A)
11.6.2 Medium Power (125 A–800 A)
11.6.3 High Power (Above 800 A)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low Power (Below 125 A)
12.6.2 Medium Power (125 A–800 A)
12.6.3 High Power (Above 800 A)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low Power (Below 125 A)
13.6.2 Medium Power (125 A–800 A)
13.6.3 High Power (Above 800 A)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hard Busbar Market: Competitive Dashboard
14.2 Global Hard Busbar Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider Electric
14.3.2 Eaton
14.3.3 Siemens
14.3.4 Methode Electronics
14.3.5 ABB
14.3.6 Nacobre
14.3.7 IUSA
14.3.8 Rittal
14.3.9 Schneider Electric