Asia Pacific Busbar Market Overview
According to SPER Market Research, the Asia Pacific Busbar Market is estimated to reach USD 17.55 billion by 2033 with a CAGR 7.62%.
An electrical busbar refers to a conductor or a group of conductors that serve the purpose of gathering electric power from incoming feeders and distributing it to outgoing feeders. Essentially, it acts as a central junction where all the incoming and outgoing electrical currents converge. By consolidating electric power in one location, the busbar system incorporates components such as isolators and circuit breakers. In the event of a fault, the circuit breaker is triggered, enabling the faulty section of the busbar to be easily isolated from the circuit. Electrical busbars are available in various shapes, including rectangular, cross-sectional, and round. However, rectangular busbars are commonly employed in power systems. Manufacturers typically utilize copper or aluminium for the construction of electrical busbars.
Exploring the Growth Drivers of the Asia Pacific Busbar Industry
Moreover, the increase in industrial activities has led to a higher usage of electrical devices for operations. As the aging electric transmission system is upgraded, there is a need for replacing several transformers to ensure uninterrupted power supply. In the Asia Pacific area, the use of renewable energy sources like solar and wind power has increased significantly. Busbars are crucial parts of renewable energy systems because they allow for the effective transmission and distribution of the energy produced by these sources. Additionally, increased power consumption is a result of the quick urbanization and industrialisation of nations like China, India, and Southeast Asian countries. In order to guarantee a dependable power supply and effective electrical infrastructure, busbars are essential in these industrial and urban areas.
What challenges does the Asia Pacific Busbar Market face?
The busbar market in Asia Pacific confronts a number of difficulties that could hinder its development and operations. Competition from Duplicate Products is one of the main issues. Busbar items that are duplicated or fake may be present on the market. These goods are frequently of poorer quality and might not adhere to the essential performance and safety standards. This not only reduces the market share of legitimate busbar producers, but it also puts electrical systems' general dependability and safety at risk. Additionally, the Asia Pacific busbar industry may see price rivalry as a result of the availability of inexpensive competitors, frequently from rival regions. Price-conscious clients might choose less expensive substitutes, which could have an impact on the market share and profitability of well-known busbar manufacturers.
In what ways has the COVID-19 pandemic affected Asia Pacific Busbar Market?
The Asia Pacific busbar market has been significantly impacted by the COVID-19 outbreak. Busbar demand has been impacted by the widespread lockdowns, supply chain disruptions, and economic recession, which have decreased industrial production and building activity. Many infrastructure projects were postponed or delayed, which decreased market investment. Additionally, the supply of raw materials and components has been influenced by limits on global trade and transportation, increasing costs and causing delays in manufacturing. The market, however, is anticipated to gradually rebound as economic activity picks up and governments prioritize measures for infrastructure development and the transition to clean energy.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Conductor, By Weight, By Shape, By Insulation, By Length, By Busbar Type, By Power Rating, By End User
|
| Regions covered | Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand, Rest of Asia-Pacific
|
| Companies Covered | Amphenol Corporation, Chint Group, Eaton, Emerson Electric Co., General Electric, Legrand SA, Mersen Property, Methode Electronics, Oriental Copper Co., Ltd., Rittal Gmbh & Co. Kg, Rogers Corporation, Schneider Electric, Siemens AG, Sun. King Technology Group Limited, Others
|
Key Target Audience:
- Consulting Firms
- End-users
- Government Organizations and Regulatory Authorities
- Industry Players
- Investors
- Research and Development Institutions
- Trade Associations and Industry Groups
Asia Pacific Busbar Market Segmentation:
1. By Conductor:
- Asia Pacific Busbar Market Value Share and Forecast, By Conductor, 2023-2033
- Aluminium
- Copper
2. By Weight:
- Asia Pacific Busbar Market Value Share and Forecast, By Weight, 2023-2033
- Less than 1Kg
- More than 1 Kg
3. By Shape:
- Asia Pacific Busbar Market Value Share and Forecast, By Shape, 2023-2033
- Chamfer
- Rectangular
4. By Insulation:
- Asia Pacific Busbar Market Value Share and Forecast, By Insulation, 2023-2033
- Epoxy Power Coating
- Kapton
- Mylar
- Nomex
- Tedler
- Teonix
5. By Region:
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Thailand
- Rest of Asia-Pacific
Key Topics Covered in the Report:
- Asia Pacific Busbar Market Size (FY’2023-FY’2033)
- Overview of Asia Pacific Busbar Market
- Segmentation of Asia Pacific Busbar Market By Conductor (Aluminium, Copper)
- Segmentation of Asia Pacific Busbar Market By Weight (Less than 1Kg, more than 1 Kg)
- Segmentation of Asia Pacific Busbar Market By Shape (Chamfer, Rectangular)
- Segmentation of Asia Pacific Busbar Market By Insulation (Epoxy Power Coating, Kapton, Mylar, Nomex, Tedler, Teonix)
- Segmentation of Asia Pacific Busbar Market By Length (Less than 1 m, 1m to 2m, 2 m to 3m, more than 3m)
- Segmentation of Asia Pacific Busbar Market By Busbar Type (Flexible Busbar, Laminated Busbar, Multiple Conductor Busbar, Single Conductor Busbar)
- Segmentation of Asia Pacific Busbar Market By Power Rating (Low Power, Medium Power, High Power)
- Segmentation of Asia Pacific Busbar Market By End User (Commercial, Industrial, Residential)
- Statistical Snap of Asia Pacific Busbar Market
- Growth Analysis of Asia Pacific Busbar Market
- Problems and Challenges in Asia Pacific Busbar Market
- Competitive Landscape in the Asia Pacific Busbar Market
- Impact of COVID-19 and Demonetization on Asia Pacific Busbar Market
- Details on Recent Investment in Asia Pacific Busbar Market
- Competitive Analysis of Asia Pacific Busbar Market
- Key Players in the Asia Pacific Busbar Market
- SWOT Analysis of Asia Pacific Busbar Market
- Asia Pacific Busbar Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia Pacific Busbar Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia Pacific Busbar Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Pacific Busbar Market
7. Asia Pacific Busbar Market, By Conductor (USD Million)
7.1. Asia Pacific Busbar Market Value Share and Forecast, By Conductor, 2023-2033
7.2. Aluminium
7.3. Copper
8. Asia Pacific Busbar Market, By Weight (USD Million)
8.1. Asia Pacific Busbar Market Value Share and Forecast, By Weight, 2023-2033
8.2. Less than 1Kg
8.3. More than 1 Kg
9. Asia Pacific Busbar Market, By Shape (USD Million)
9.1. Asia Pacific Busbar Market Value Share and Forecast, By Shape, 2023-2033
9.2. Chamfer
9.3. Rectangular
10. Asia Pacific Busbar Market, By Insulation (USD Million)
10.1. Asia Pacific Busbar Market Value Share and Forecast, By Insulation, 2023-2033
10.2. Epoxy Power Coating
10.3. Kapton
10.4. Mylar
10.5. Nomex
10.6. Tedler
10.7. Teonix
11. Asia Pacific Busbar Market, By Length (USD Million)
11.1. Asia Pacific Busbar Market Value Share and Forecast, By Length, 2023-2033
11.2. Less than 1 m
11.3. 1m to 2m
11.4. 2 m to 3m
11.5. More than 3m
12. Asia Pacific Busbar Market, By Busbar Type (USD Million)
12.1. Asia Pacific Busbar Market Value Share and Forecast, By Busbar Type, 2023-2033
12.2. Flexible Busbar
12.3. Laminated Busbar
12.4. Multiple Conductor Busbar
12.5. Single Conductor Busbar
13. Asia Pacific Busbar Market, By Power Rating (USD Million)
13.1. Asia Pacific Busbar Market Value Share and Forecast, By Power Rating, 2023-2033
13.2. Low Power
13.3. Medium Power (125 A-800 A)
13.4. High Power (Above 800 A)
14. Asia Pacific Busbar Market, By End User (USD Million)
14.1. Asia Pacific Busbar Market Value Share and Forecast, By End User, 2023-2033
14.2. Commercial
14.3. Industrial
14.4. Residential
15. Asia Pacific Busbar Market Forecast, 2019-2033 (USD Million)
15.1. Asia Pacific Busbar Market Size and Market Share
16. Asia Pacific Busbar Market, By Conductor, 2019-2033 (USD Million)
16.1. Asia Pacific Busbar Market Size and Market Share by Conductor (2019-2026)
16.2. Asia Pacific Busbar Market Size and Market Share by Conductor (2027-2033)
17. Asia Pacific Busbar Market, By Weight, 2019-2033 (USD Million)
17.1. 94Asia Pacific Busbar Market Size and Market Share by Weight (2019-2026)
17.2. Asia Pacific Busbar Market Size and Market Share by Weight (2027-2033)
18. Asia Pacific Busbar Market, By Shape, 2019-2033 (USD Million)
18.1. Asia Pacific Busbar Market Size and Market Share by Shape (2019-2026)
18.2. Asia Pacific Busbar Market Size and Market Share by Shape (2027-2033)
19. Asia Pacific Busbar Market, By Insulation, 2019-2033 (USD Million)
19.1. Asia Pacific Busbar Market Size and Market Share by Insulation (2019-2026)
19.2. Asia Pacific Busbar Market Size and Market Share by Insulation (2027-2033)
20. Asia Pacific Busbar Market, By Length, 2019-2033 (USD Million)
20.1. Asia Pacific Busbar Market Size and Market Share by Length (2019-2026)
20.2. Asia Pacific Busbar Market Size and Market Share by Length (2027-2033)
21. Asia Pacific Busbar Market, By Busbar Type, 2019-2033 (USD Million)
21.1. Asia Pacific Busbar Market Size and Market Share by Busbar Type (2019-2026)
21.2. Asia Pacific Busbar Market Size and Market Share by Busbar Type (2027-2033)
22. Asia Pacific Busbar Market, By Power Rating, 2019-2033 (USD Million)
22.1. Asia Pacific Busbar Market Size and Market Share by Power Rating (2019-2026)
22.2. Asia Pacific Busbar Market Size and Market Share by Power Rating (2027-2033)
23. Asia Pacific Busbar Market, By End User, 2019-2033 (USD Million)
23.1. Asia Pacific Busbar Market Size and Market Share by End User (2019-2026)
23.2. Asia Pacific Busbar Market Size and Market Share by End User (2027-2033)
24. Asia Pacific Busbar Market, By Region, 2019-2033 (USD Million)
24.1. Asia Pacific Busbar Market Size and Market Share by Region (2019-2026)
24.2. Asia Pacific Busbar Market Size and Market Share by Region (2027-2033)
24.3. Australia
24.4. China
24.5. India
24.6. Indonesia
24.7. Japan
24.8. Malaysia
24.9. Philippines
24.10. Singapore
24.11. South Korea
24.12. Thailand
24.13. Rest of Asia-Pacific
25. Company Profile
25.1. Amphenol Corporation
25.1.1. Company details
25.1.2. Financial outlook
25.1.3. Product summary
25.1.4. Recent developments
25.2. Chint Group
25.2.1. Company details
25.2.2. Financial outlook
25.2.3. Product summary
25.2.4. Recent developments
25.3. Eaton
25.3.1. Company details
25.3.2. Financial outlook
25.3.3. Product summary
25.3.4. Recent developments
25.4. Emerson Electric Co.
25.4.1. Company details
25.4.2. Financial outlook
25.4.3. Product summary
25.4.4. Recent developments
25.5. General Electric
25.5.1. Company details
25.5.2. Financial outlook
25.5.3. Product summary
25.5.4. Recent developments
25.6. Legrand SA
25.6.1. Company details
25.6.2. Financial outlook
25.6.3. Product summary
25.6.4. Recent developments
25.7. Mersen Property
25.7.1. Company details
25.7.2. Financial outlook
25.7.3. Product summary
25.7.4. Recent developments
25.8. Methode Electronics
25.8.1. Company details
25.8.2. Financial outlook
25.8.3. Product summary
25.8.4. Recent developments
25.9. Oriental Copper Co., Ltd.
25.9.1. Company details
25.9.2. Financial outlook
25.9.3. Product summary
25.9.4. Recent developments
25.10. Rittal Gmbh & Co. Kg
25.10.1. Company details
25.10.2. Financial outlook
25.10.3. Product summary
25.10.4. Recent developments
25.11. Rogers Corporation
25.11.1. Company details
25.11.2. Financial outlook
25.11.3. Product summary
25.11.4. Recent developments
25.12. Schneider Electric
25.12.1. Company details
25.12.2. Financial outlook
25.12.3. Product summary
25.12.4. Recent developments
25.13. Siemens AG
25.13.1. Company details
25.13.2. Financial outlook
25.13.3. Product summary
25.13.4. Recent developments
25.14. Sun. King Technology Group Limited.
25.14.1. Company details
25.14.2. Financial outlook
25.14.3. Product summary
25.14.4. Recent developments
25.15. Others
26. List of Abbreviations
27. Reference Links
28. Conclusion
29. Research Scope