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Global Busbar Trunking Systems Market: Snapshot

The growing demand for cost efficiency, enhanced safety, and reliability in power distribution systems has propelled the demand for busbar trunking systems in the utility sector. The electric distribution system is prefabricated and consists of a set of copper or aluminum bus bars suitably enclosed with superb protection against any foreign materials. Busbar trunking systems have emerged as highly efficient, safe, and ideal electric supply and distribution system suitable for a variety of industrial installations and in high-rise buildings. Enabled by compact design and standard plug-in boxes, these systems can deliver current in the range 125A to 2000A suitable for a wide variety of industrial purposes. They are gaining prominence over normal cabling systems due to a variety of factors. Being cost-effective for on-site installation, busbar trunking systems offer substantial cost-savings attributed to flexible design and less production downtime in case of rewiring to meet future needs. These are fast gaining popularity in applications where the precise location in unknown and various changes in physical distribution of loads are possibly required. In addition, the installations and projects where immediate power supply are required has made busbar trunking systems increasingly popular. In addition, the ease of mounting of the systems lends flexibility in electrical distribution. Designed to offer low impedance and no polarity error, these systems enable utility companies the benefit of low voltage drop and a safe distribution system through plug-in points.

Busbar trunking system is an electric distribution system, which is pre-fabricated. It consists of busbar, fittings, straight lengths, and other accessories in a protective enclosure. It performs the function of transforming current from one point to another. Conventionally, regular cabling system is used for this function. The busbar trunking system replaces these cables and distribution boards. Advantages of busbar trunking system over cabling system are higher energy efficiency, higher safety, longer service life, lower installation cost, lower maintenance cost, more compact size, higher mechanical strength, and more flexibility on load adjustments. The power is distributed by placing tap-off points at regular intervals along the length. Since the system is self-contained, it only needs to be electrically connected and mechanically mounted to become operational. In the busbar trunking system, overheating of the system and unbalanced distribution of current for high ratings of power distribution are completely avoided. Busbars in the enclosure are held tight and they can be placed vertically or horizontally, flat wise or edge wise, in any direction with all kinds of tees and bends.

The busbar trunking systems market can be segmented on the basis of conductor material, insulation type, end-user, and region. Based on conductor material, the busbar trunking systems market has been divided into copper conductors and aluminum conductors. A good conducting material possesses features such as high coefficient of expansion, good thermal conductivity, good electric conductivity, high tensile strength, and good connectivity. Traditionally, copper has been used as a high-current conductor. The copper conductors segment holds a major share of the busbar trunking systems market. Aluminum conductors are gaining acceptance in recent times. The price of an aluminum conductor is 33% of that of a copper conductor. This is anticipated to drive the aluminum conductors segment of the busbar trunking systems market during the forecast period.

Based on insulation type, the busbar trunking systems market has been segregated into sandwich type and air-insulated type. The sandwich type is an epoxy or cast resin insulted, which provides waterproofing and high mechanical strength. This type of system withstands spikes and glitches in electric systems so that the system runs reliably and stably. Air-insulated or fabricated air-insulated type of busbar trunking system is highly flexible and it saves lot of space. It is widely used in commercial and residential buildings. The sandwich type of busbar trunking system has benefits over the air-insulated type such as compactness, energy efficiency, safety and security, fire-retardance, and low cost. These benefits make the sandwich type segment hold a major share of the busbar trunking market during the forecast period.

Based on end-user, the busbar trunking systems market has been segmented into industrial, commercial, and residential. For any industry, a convenient and reliable power connection method is required. Busbar trunking systems resolve the problem of overhanging cables in industries and creates a safe working environment. The commercial segment comprises shopping complexes, IT centers, retail outlets, and office spaces. Residential buildings require vertically designed busbar trunking systems in order to avoid cables. Due to wide usage of these systems in manufacturing industries, the industrial segment leads the busbar trunking systems market among end-user segments.

Based on region, the busbar trunking systems market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In recent times, aluminum conductors are being widely used in North America. This region holds a major share of the global busbar trunking systems market, followed by Europe. Due to growth of manufacturing industries and commercial buildings in Asia Pacific, the market in the region is anticipated to expand at a significant rate during the forecast period.

Key players operating in the global busbar trunking systems market are Schneider Electric (France), General Electric (the U.S.), ABB Ltd. (Switzerland), Larsen & Toubro (India), Siemens AG (Germany), Legrand S.A. (France), Godrej & Boyce Mfg. Co. Ltd. (India), Eaton Corporation plc (Ireland), C&S Electric Limited (India), and EAE Elektrik (Istanbul).

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Busbar Trunking Systems Market