The global Bus Duct Market size was estimated at USD 12,910 million in 2024 and is projected to reach USD 18,904.8 million in 2031 at a CAGR of 5.6 % during the forecast period 2025-2031.
The bus duct market refers to the electrical distribution system used to transmit power from one point to another within industrial, commercial, and residential buildings. It consists of a metal enclosure housing copper or aluminium conductors that deliver electricity efficiently, often in high-demand environments.
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Key drivers of the bus duct market include the rapid pace of industrialization, technological advancements, and the increasing demand for uninterrupted power supply in critical applications. The shift towards energy-efficient electrical systems, along with the growth of industries like automotive, telecommunications, and pharmaceuticals, is pushing the need for reliable and safe power distribution systems.
Key Findings:
The aluminium bus duct segment is expected to witness rapid growth due to its lightweight nature, cost-effectiveness, and good electrical conductivity. Aluminium offers a more affordable alternative to copper, making it an attractive option for projects where budget and weight are crucial factors.
The commercial sector is projected to hold the largest market share, driven by the ongoing demand for efficient and reliable power distribution systems in commercial buildings such as offices, malls, hospitals, and data centres.
Recent Developments
- In May 2024, LS Cable & System from South Korea revealed plans to establish a new bus duct manufacturing facility in Querétaro, Mexico. Expected to be completed by mid-2025, this plant will serve as an export hub for the North American market, including the United States and Canada. The new factory aims to meet the rising demand for bus ducts, fueled by the growth of data centers, electric vehicle (EV) factories, and semiconductor manufacturing facilities.
- In February 2024, ABB from Switzerland acquired SEAM Group, a US-based provider of energized asset management and advisory services. This acquisition is part of ABB's strategy to expand its Electrification Service portfolio, particularly in the US market. The move will allow ABB to offer improved services in areas such as predictive, preventive, and corrective maintenance, electrical safety, renewable energy solutions, and asset management.
Competitive Landscape
· ABB
· Siemens
· Schneider Electric
· Eaton
· General Electric Company
· Godrej & Boyce Mfg. Co. Ltd.
· Vertiv Group Corp
· LS Cable & System Ltd.
· Legrand
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Regional Analysis:
Asia Pacific to Dominate the Market
Asia Pacific is expected to become the largest bus duct market during the forecast period, driven by rapid urbanization, industrial growth, and widespread infrastructure development across the region. Key economies like China and India are making significant investments in renewable energy projects, smart grid modernization, and large-scale infrastructure initiatives, all of which require efficient and reliable power distribution systems.
The Bus Duct Market is segmented into various segments such as Product type, Deployment Mode, Architecture, End User and Region.
Based on Voltage
· Low (up to 1 kv)
· Medium (1−35 kv)
· High (above 35 kv)
Based on Material
· Copper
· Aluminium
Based on Type
· Isolated bus ducts
· Segregated bus ducts
· Non-segregated bus ducts
Based on End User
· Utilities
· Industrial
· Commercial
· Renewables
· Data centers
· Other end users
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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