Busbar Trunking System Market Size, Share, Application, Key Manufacturers, Covid-19 Impact Analysis by 2025
Expansion of the industrial, commercial, and utility sectors will significantly bolster the market for busbar trunking systems. The increasing number of activities across factories, universities, data centers, laboratories, retail facilities, hospitals, and technology settings has led to a consistent need for high-efficient power distribution networks. There is also a growing need for solutions that are cost-effective and environment-friendly.
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To cater to these requirements, busbar trunking systems are increasingly preferred over conventional cable distribution components due to their higher resistance and lower loss of energy. They are mainly systems that distribute electric power with the help of copper or aluminum busbars that have suitable enclosures to offer enhanced protection to obviate cables from getting damaged by foreign bodies. Besides, busbar trunking machines provide safety functions, ease of distribution, and convenience of use, owing to which they are becoming irreplaceable across various applications.
Taking note of this, estimates have revealed that the global busbar trunking system market size will be worth more than USD 3 billion in annual value by 2025.
Here is a gist of the various trends that are likely to influence the industry forecast for the busbar trunking systems.
The demand for copper busbar trunking systems is anticipated to rise at a substantial momentum considering their higher usage across numerous electrical utilities around the world. The enhanced resilience to higher temperatures and the provision of extra security in short circuit situations offered by copper has made it the most used conductive metal in busbars. Additionally, these busbar trunking systems offer a longer lifespan, high recovery value and conductivity, and improved resistance to damage. The lower coefficient of linear expansion is another highlight of these components
With the rising need for substituting cables to offer power distribution solutions, the adoption of lighting power-rated busbar trunking systems is set to witness inclination in the coming years. These systems are registering a higher penetration in hospitals, commercial, and residential real estate sectors. They are also largely installed in airports, data centers solutions, railways, process plants, tunnels, IT parks, and ports. Increasing demand for the systems from the shopping and exhibition centers as well as warehouses will also commendably add to the market avenue.
The application of busbar trunking systems across the industrial sector will reach considerable traction owing to their robust abilities to render flexible power distribution. The increasing number of workstations and machinery moves across the power, process, oil & gas, transportation, and manufacturing verticals have led to the higher adoption of flexible electrical sources. Along with this, the lower levels of density and voltage loss make the busbar trunking systems apt for use in these industries.
Furthermore, the systems are marking tremendous presence in industries as they can be easily mounted and incur a lower cost of installation when compared to traditional cables. On account of the incorporation of thin and flat tires, they lend support in the optimal distribution of the density of current whilst reducing resistance.
In addition to these factors, marketing strategies, like partnerships, acquisitions and capacity expansions undertaken by leading busbar trunking system manufacturers are adding positive impetus to the market potential with increased revenue sales. The companies are also coming up with new product launches and differentiation to broaden their global presence and customer portfolio. For instance, in February 2019, Siemens presented a new functionality for its LD, BD2, and LI busbar trunking systems by deploying the Sivacon 8PS portfolio. This innovation helped the company to advance its flexibility, transparency, and efficiency solutions for power distribution in the digital age.
