Global Busway or Bus Duct Market Size, Share and Industry Analysis by Regions, Countries, Types, and Applications, Forecast to 2028
SKU ID :Maia-23819658 | Published Date: 19-May-2023 | No. of pages: 118Description
The global Busway or Bus Duct market size was valued at USD 8686.43 Million in 2022 and will reach USD 12172.0 Million in 2028, with a CAGR of 5.78% during 2022-2028.
Busway, or bus duct, as defined by the National Electrical Manufacturers Association (NEMA) is a prefabricated electrical distribution system consisting of bus bars in a protective enclosure, including straight lengths, fittings, devices and accessories.
Affect the normal operation of the industry
The raging COVID-19 plunged the global economic environment into depression. The impact of COVID-19 on the Busway or Bus Duct industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises.
In the short term, from the supply side, the company's operating pressure will increase due to postponement of workers' arrival and logistics and transportation issues. In the long run, as the epidemic gradually improves or ends, the impact on the Busway or Bus Duct industry will gradually weaken. Production and sales will return to the original level and gradually increase.
Logistics
Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays. At present, the logistics industry in various countries is gradually recovering operations according to different national policies. It is expected that after the epidemic is further controlled, it will basically return to normal.
Industrial automation will further develop
The epidemic will promote automated production in the industry, enabling manufacturers to hire more high-tech talents and multi-skilled compound workers, reduce dependence on labor, and better respond to labor fluctuations. At the same time, more and more attention will be paid to the standardization of components, the intelligentization of logistics and the enhancement of the anti-risk ability of the supply chain.
Drivers
Busway is used as an alternative to cable and conduit and is commonly found throughout mission critical facilities, data centers, industrial facilities, large residential complexes, petrochemical and electrical utilities.
After years of development, the busway industry has gradually formed and established a diversified, three-dimensional, market-oriented and fully competitive development pattern, with technological innovation and product services gradually applied to 5G infrastructure, ultra-high voltage, intercity high-speed railroads, urban rail transit, data centers and artificial intelligence and other industry fields. In the future, the development of intelligent digitalization and environmental protection and energy saving will give busway more development opportunities.
The successive construction of major projects, and the national energy structure adjustment of the power industry, the construction investment in the field of clean energy such as hydropower, wind power, nuclear power and solar power generation has increased significantly, busway industry in the development of the development opportunities. At the same time, infrastructure construction, rail transportation investment, new energy grid connection brings new growth points in the busway market, bringing business opportunities to manufacturing companies.
Restraints
The busway industry belongs to the transmission and distribution and control equipment manufacturing industry, and the development of the industry is closely related to the national fixed asset investment scale. If the macroeconomy fluctuates greatly in the future and the economic growth rate is weak, it will lead to a slowdown in the national fixed asset investment scale, which will affect the development of the transmission and distribution and control equipment manufacturing industry. In recent years, the uncertainties of macroeconomic growth have increased globally. If the macroeconomic growth is weak, it will make the demand for busway and other products from downstream customers drop significantly, which in turn will lead to the risk of performance decline for busway manufacturers.
Region Overview:
From 2023-2028, Europe is estimated to witness robust growth prospects.
Company Overview:
Schneider Electric is one of the major players operating in the Busway or Bus Duct market, holding a share of 8.8% in 2023.
Schneider Electric
Schneider Electric is a France-based company that provides energy-related solutions globally. It operates through two segments: Energy Management and Industrial Automation. Energy Management includes the subsegments Low Voltage, Medium Voltage and Secure Power.
Siemens
Siemens is a Germany-based technology company. It operates through seven segments: Digital Industries, which offers products and system solutions for automation used in discrete and process industries; Smart Infrastructure, which supplies and intelligently connects energy systems and building technologies; Gas and Power, which offers products, solutions and services for generating electricity, for producing and transporting oil and gas, as well as for downstream and oil and gas-related operations; Mobility, which combines all Siemens businesses in the area of passenger and freight transportation; Siemens Healthineers, which supplies technology to the healthcare industry and engages in diagnostic imaging and laboratory diagnostics; Siemens Gamesa Renewable Energy, which designs,and produces wind turbines, and sales wind farms, and Financial Services (SFS), which offers leasing solutions and equipment, project and structured financing in the form of debt and equity investments.
Segmentation Overview:
Among different product types, Intensive Insulation Plug Bus Duct (CMC) segment is anticipated to contribute the largest market share in 2028.
Application Overview:
In the Busway or Bus Duct market, 52.42% of the total value was generated through the Commercial Building segment by application in 2022.
The Busway or Bus Duct market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Busway or Bus Duct market covered in Chapter 4:
KYODO KY-TEC
Powell Industries
EAE Group
ABB
PPB
Legrand
Huapeng Group
C&S Electric
Furukawa Electric
E+I Engineering
Eaton
Siemens
Wetown
LS Cable & System
Schneider Electric
Rittal
Honeywell
Dasheng Microgrid Technology
In Chapter 12 and Chapter 14.1, on the basis of types, the Busway or Bus Duct market from 2018 to 2028 is primarily split into:
Air Splicing Bus Duct (BMC)
Intensive Insulation Plug Bus Duct (CMC)
Higher Strength Enclosed Bus Duct (CFW)
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Busway or Bus Duct market from 2018 to 2028 covers:
Industrial Buildings
Commercial Building
Civil Buildings
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Busway or Bus Duct market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Busway or Bus Duct market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Busway or Bus Duct industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Busway or Bus Duct industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Busway or Bus Duct market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Busway or Bus Duct market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Busway or Bus Duct market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Busway or Bus Duct market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
Busway, or bus duct, as defined by the National Electrical Manufacturers Association (NEMA) is a prefabricated electrical distribution system consisting of bus bars in a protective enclosure, including straight lengths, fittings, devices and accessories.
Affect the normal operation of the industry
The raging COVID-19 plunged the global economic environment into depression. The impact of COVID-19 on the Busway or Bus Duct industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises.
In the short term, from the supply side, the company's operating pressure will increase due to postponement of workers' arrival and logistics and transportation issues. In the long run, as the epidemic gradually improves or ends, the impact on the Busway or Bus Duct industry will gradually weaken. Production and sales will return to the original level and gradually increase.
Logistics
Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays. At present, the logistics industry in various countries is gradually recovering operations according to different national policies. It is expected that after the epidemic is further controlled, it will basically return to normal.
Industrial automation will further develop
The epidemic will promote automated production in the industry, enabling manufacturers to hire more high-tech talents and multi-skilled compound workers, reduce dependence on labor, and better respond to labor fluctuations. At the same time, more and more attention will be paid to the standardization of components, the intelligentization of logistics and the enhancement of the anti-risk ability of the supply chain.
Drivers
Busway is used as an alternative to cable and conduit and is commonly found throughout mission critical facilities, data centers, industrial facilities, large residential complexes, petrochemical and electrical utilities.
After years of development, the busway industry has gradually formed and established a diversified, three-dimensional, market-oriented and fully competitive development pattern, with technological innovation and product services gradually applied to 5G infrastructure, ultra-high voltage, intercity high-speed railroads, urban rail transit, data centers and artificial intelligence and other industry fields. In the future, the development of intelligent digitalization and environmental protection and energy saving will give busway more development opportunities.
The successive construction of major projects, and the national energy structure adjustment of the power industry, the construction investment in the field of clean energy such as hydropower, wind power, nuclear power and solar power generation has increased significantly, busway industry in the development of the development opportunities. At the same time, infrastructure construction, rail transportation investment, new energy grid connection brings new growth points in the busway market, bringing business opportunities to manufacturing companies.
Restraints
The busway industry belongs to the transmission and distribution and control equipment manufacturing industry, and the development of the industry is closely related to the national fixed asset investment scale. If the macroeconomy fluctuates greatly in the future and the economic growth rate is weak, it will lead to a slowdown in the national fixed asset investment scale, which will affect the development of the transmission and distribution and control equipment manufacturing industry. In recent years, the uncertainties of macroeconomic growth have increased globally. If the macroeconomic growth is weak, it will make the demand for busway and other products from downstream customers drop significantly, which in turn will lead to the risk of performance decline for busway manufacturers.
Region Overview:
From 2023-2028, Europe is estimated to witness robust growth prospects.
Company Overview:
Schneider Electric is one of the major players operating in the Busway or Bus Duct market, holding a share of 8.8% in 2023.
Schneider Electric
Schneider Electric is a France-based company that provides energy-related solutions globally. It operates through two segments: Energy Management and Industrial Automation. Energy Management includes the subsegments Low Voltage, Medium Voltage and Secure Power.
Siemens
Siemens is a Germany-based technology company. It operates through seven segments: Digital Industries, which offers products and system solutions for automation used in discrete and process industries; Smart Infrastructure, which supplies and intelligently connects energy systems and building technologies; Gas and Power, which offers products, solutions and services for generating electricity, for producing and transporting oil and gas, as well as for downstream and oil and gas-related operations; Mobility, which combines all Siemens businesses in the area of passenger and freight transportation; Siemens Healthineers, which supplies technology to the healthcare industry and engages in diagnostic imaging and laboratory diagnostics; Siemens Gamesa Renewable Energy, which designs,and produces wind turbines, and sales wind farms, and Financial Services (SFS), which offers leasing solutions and equipment, project and structured financing in the form of debt and equity investments.
Segmentation Overview:
Among different product types, Intensive Insulation Plug Bus Duct (CMC) segment is anticipated to contribute the largest market share in 2028.
Application Overview:
In the Busway or Bus Duct market, 52.42% of the total value was generated through the Commercial Building segment by application in 2022.
The Busway or Bus Duct market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Busway or Bus Duct market covered in Chapter 4:
KYODO KY-TEC
Powell Industries
EAE Group
ABB
PPB
Legrand
Huapeng Group
C&S Electric
Furukawa Electric
E+I Engineering
Eaton
Siemens
Wetown
LS Cable & System
Schneider Electric
Rittal
Honeywell
Dasheng Microgrid Technology
In Chapter 12 and Chapter 14.1, on the basis of types, the Busway or Bus Duct market from 2018 to 2028 is primarily split into:
Air Splicing Bus Duct (BMC)
Intensive Insulation Plug Bus Duct (CMC)
Higher Strength Enclosed Bus Duct (CFW)
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Busway or Bus Duct market from 2018 to 2028 covers:
Industrial Buildings
Commercial Building
Civil Buildings
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Busway or Bus Duct market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Busway or Bus Duct market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Busway or Bus Duct industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Busway or Bus Duct industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Busway or Bus Duct market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Busway or Bus Duct market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Busway or Bus Duct market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Busway or Bus Duct market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028TOC
Tables & Figures
Companies
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