PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1636636
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1636636
The global bus duct market is likely to expand dramatically during the forecast period and to grow from an estimated value of USD 12.91 billion in 2024 to USD 16.60 billion by 2029, with a compound annual growth rate of 5.2%. This expansion of the bus duct market has been highly influenced by efficient and flexible power distribution systems resulting from industrial growth, urbanization, and growing infrastructure. Bus ducts, which consist of the copper or aluminum bus duct enclosed in a protective casing, are very important in reducing loss in energy while ensuring reliable distribution of power. Governments and the industries are focusing on improving the electrical grids and opting for renewable sources of power, and thus bus ducts become an integral component in these developments. The focus on energy efficiency, sustainability, and green energy solutions integration is expected to spur the adoption of bus ducts across industrial, commercial, and residential applications worldwide.
Scope of the Report | |
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Years Considered for the Study | 2022-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Billion) and Volume (Unit) |
Segments | By Product type, By Deployment Mode, By Architecture, By End User. |
Regions covered | North America, Europe, Asia Pacific, Middle East & Africa and South America |
"Data Centers, by end-user, is expected to be the fastest-growing segment from 2024 to 2029."
The data center segment is likely to be the fastest-growing end-user in the bus duct market from 2024 to 2029, due to the rapid growth of cloud computing, big data analytics, artificial intelligence, and the increasing need for energy-efficient power distribution in these facilities. As the workload of data centers increases, the demand for reliable, scalable, and efficient power systems has risen. Bus ducts provide a compact, flexible, and low-maintenance power distribution solution for data center needs in modern times. In addition, the increased trend of building sustainable infrastructure across the world has further escalated the integration of energy-efficient technologies within data centers; bus ducts are essential for data centers to achieve the expected levels of energy savings and operational reliability.
"Non-segregated bus ducts, by type, is expected to be the fastest-growing market from 2024 to 2029"
Non-separated bus ducts will experience the most rapid growth in the bus duct market from 2024 to 2029, as they are cheaper and offer a simple design along with higher applicability across diverse sectors. Unlike separated bus ducts, they house all phase conductors inside a single enclosure and hence provide an economical and space-saving option for low-to-medium voltage applications. There has been a growing adoption of this system because of its easier installation and lower maintenance, especially in industrial facilities, commercial buildings, and utility infrastructures. Increased demand for economical yet reliable power distribution in rapidly urbanizing and industrializing areas further propels the expansion of non-segregated bus ducts.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the bus duct market.
By Company Type: Tier 1- 30%, Tier 2- 55%, and Tier 3- 15%
By Designation: C-level Executives - 30%, Director Level- 20%, and Others- 50%
By Region: North America - 20%, Europe - 10%, Asia Pacific - 55%, South America - 5%, Middle East & Africa - 10%
Note: Other designations include sales managers, marketing managers, product managers, and product engineers.
The tier of the companies is defined based on their total revenue as of 2023. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million.
The global bus duct market is dominated by key players that hold a wide regional presence and offer a diverse range of products. Leading companies in the bus duct market include ABB (Switzerland), Schneider Electric (France), Eaton (Ireland), Siemens (Germany), and Legrand (France), among others. These players focus on strategies such as product innovations, mergers and acquisitions, partnerships, and expansions to strengthen their market position. New product launches, coupled with strategic investments in smart grids and energy-efficient technologies, are key approaches adopted by these companies to maintain competitive advantages in the evolving market landscape.
The report defines, describes, and forecasts the bus duct market by material, voltage, type, end-user and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product launches, mergers and acquisitions, and recent developments associated with the bus duct market. Competitive analysis of upcoming startups in the bus duct market ecosystem is covered in this report.
Reasons to buy this report The report will help the market leaders/new entrants bus duct market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.