Summary

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. “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:

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Table of Contents

1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 STUDY SCOPE 25
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 25
1.3.2 INCLUSIONS AND EXCLUSIONS 26
1.3.2.1 Bus duct market: Inclusions and exclusions, by voltage 26
1.3.2.2 Bus duct market: Inclusions and exclusions, by material 26
1.3.2.3 Bus duct market: Inclusions and exclusions, by type 26
1.3.2.4 Bus duct market: Inclusions and exclusions, by end user 26
1.3.2.5 Bus duct market: Inclusions and exclusions, by region 27
1.3.3 YEARS CONSIDERED 27
1.4 CURRENCY CONSIDERED 27
1.5 UNITS CONSIDERED 27
1.6 LIMITATIONS 28
1.7 STAKEHOLDERS 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
2.1.1 SECONDARY DATA 30
2.1.1.1 List of key secondary sources 30
2.1.1.2 Key data from secondary sources 30
2.1.2 PRIMARY DATA 31
2.1.2.1 List of primary interview participants 31
2.1.2.2 Key industry insights 31
2.1.2.3 Key data from primary sources 32
2.1.2.4 Breakdown of primaries 32
2.2 MARKET SIZE ESTIMATION METHODOLOGY 34
2.2.1 BOTTOM-UP APPROACH 34
2.2.1.1 Regional analysis 35
2.2.1.2 Country-level analysis 36
2.2.1.3 Demand-side assumptions 36
2.2.1.4 Demand-side calculations 36
2.2.2 TOP-DOWN APPROACH 37
2.2.2.1 Supply-side assumptions 39
2.2.2.2 Supply-side calculations 39
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 40
2.4 FORECAST 41
2.5 RESEARCH ASSUMPTIONS 41
2.6 RISK ANALYSIS 41
2.7 RESEARCH LIMITATIONS 41
3 EXECUTIVE SUMMARY 42
4 PREMIUM INSIGHTS 48
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BUS DUCT MARKET 48
4.2 BUS DUCT MARKET IN ASIA PACIFIC, BY MATERIAL AND COUNTRY 49
4.3 BUS DUCT MARKET, BY MATERIAL 49
4.4 BUS DUCT MARKET, BY TYPE 50
4.5 BUS DUCT MARKET, BY VOLTAGE 50
4.6 BUS DUCT MARKET, BY END USER 51
4.7 BUS DUCT MARKET, BY REGION 51
5 MARKET OVERVIEW 52
5.1 INTRODUCTION 52
5.2 MARKET DYNAMICS 53
5.2.1 DRIVERS 53
5.2.1.1 Growing integration of renewable energy into power grids 53
5.2.1.2 Increasing urbanization and infrastructure development 55
5.2.1.3 Growing adoption of electric vehicles 55
5.2.2 RESTRAINTS 56
5.2.2.1 Limited retrofitting feasibility 56
5.2.2.2 Dominance of well-established cable systems 56
5.2.3 OPPORTUNITIES 57
5.2.3.1 Surge in construction of data centers 57
5.2.3.2 Adoption of smart grids and energy-efficient systems 57
5.2.4 CHALLENGES 58
5.2.4.1 Volatility in raw material prices 58
5.2.4.2 Compliance with stringent regulations 60
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 60
5.4 ECOSYSTEM ANALYSIS 62
5.5 SUPPLY CHAIN ANALYSIS 64
5.6 TECHNOLOGY ANALYSIS 65
5.6.1 KEY TECHNOLOGIES 65
5.6.1.1 Smart bus duct 65
5.6.1.2 Nano insulation material technology 66
5.6.2 COMPLEMENTARY TECHNOLOGIES 66
5.6.2.1 Selective laser melting (SLM) 66
5.6.2.2 Distributed temperature sensing 67
 
5.7 PRICING ANALYSIS 68
5.7.1 INDICATIVE PRICING TREND, BY MATERIAL 68
5.7.2 AVERAGE SELLING PRICE TREND, BY REGION 68
5.8 KEY CONFERENCES AND EVENTS, 2024–2025 69
5.9 TARIFF AND REGULATORY LANDSCAPE 70
5.9.1 TARIFF ANALYSIS 70
5.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 71
5.9.3 STANDARDS 73
5.10 TRADE ANALYSIS 73
5.10.1 IMPORT SCENARIO (HS CODE 853690) 73
5.10.2 EXPORT SCENARIO (HS CODE 853690) 75
5.11 PATENT ANALYSIS 76
5.12 INVESTMENT AND FUNDING SCENARIO 81
5.13 PORTER'S FIVE FORCES ANALYSIS 82
5.13.1 THREAT OF SUBSTITUTES 83
5.13.2 BARGAINING POWER OF SUPPLIERS 83
5.13.3 BARGAINING POWER OF BUYERS 83
5.13.4 THREAT OF NEW ENTRANTS 84
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 84
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 84
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 84
5.15 BUYING CRITERIA 85
5.16 CASE STUDY ANALYSIS 86
5.16.1 AP SENSING ADOPTED BUS DUCT MONITORING IN
COLOCATION DATA CENTER 86
5.16.1.1 Problem statement 86
5.16.1.2 Solution 86
5.16.2 AP SENSING DEPLOYED DTS TECHNOLOGY TO MONITOR BUS DUCT TEMPERATURE IN HYPERSCALE FACILITY 87
5.16.2.1 Problem statement 87
5.16.2.2 Solution 87
5.16.3 TECHNIBUS ADOPTS CUSTOMIZED, NON-SEGREGATED BUS DUCT SYSTEM TO ENSURE RELIABLE POWER DISTRIBUTION IN INDUSTRIAL FACILITY 87
5.16.3.1 Problem statement 87
5.16.3.2 Solution 87
5.17 IMPACT OF GEN AI/AI IN BUS DUCT MARKET 88
5.17.1 ADOPTION OF GEN AI/AI IN BUS DUCT MARKET 88
5.17.2 IMPACT OF GEN AI/AI IN BUS DUCT MARKET, BY REGION 89
5.18 MACROECONOMIC OUTLOOK FOR BUS DUCT MARKET 89
 
6 BUS DUCT MARKET, BY VOLTAGE 91
6.1 INTRODUCTION 92
6.2 LOW (UP TO 1 KV) 93
6.2.1 NEED FOR MODULAR AND EXPANDABLE ELECTRICAL LAYOUTS TO
DRIVE SEGMENTAL GROWTH 93
6.3 MEDIUM (1−35 KV) 94
6.3.1 DEMAND FOR MEDIUM VOLTAGE BUS DUCTS IN SUBSTATIONS FOR EFFICIENT GRID CONNECTIVITY TO DRIVE MARKET 94
6.4 HIGH (ABOVE 35 KV) 95
6.4.1 MARKET FOR HIGH-VOLTAGE BUS DUCTS DRIVEN BY DEMAND IN
ENERGY TRANSMISSION NETWORKS 95
7 BUS DUCT MARKET, BY MATERIAL 97
7.1 INTRODUCTION 98
7.2 COPPER 99
7.2.1 HIGH DEMAND FOR COPPER MATERIAL DUE TO ENHANCED ENERGY EFFICIENCY THROUGH SUPERIOR ELECTRICAL CONDUCTIVITY 99
7.3 ALUMINUM 100
7.3.1 OFFERS LIGHTWEIGHT AND COST-EFFECTIVE DESIGN SOLUTIONS FOR MODERN INFRASTRUCTURE 100
8 BUS DUCT MARKET, BY TYPE 102
8.1 INTRODUCTION 103
8.2 ISOLATED BUS DUCTS 104
8.2.1 DEMAND IN POWER GENERATION FACILITIES TO DRIVE MARKET GROWTH 104
8.3 SEGREGATED BUS DUCTS 105
8.3.1 WIDE ADOPTION IN MEDIUM-VOLTAGE SYSTEMS TO DRIVE DEMAND 105
8.4 NON-SEGREGATED BUS DUCTS 106
8.4.1 OFFERS COST-EFFECTIVE SOLUTIONS FOR COMMERCIAL COMPLEXES, INDUSTRIAL BUILDINGS, AND SUBSTATIONS 106
9 BUS DUCT MARKET, BY END USER 108
9.1 INTRODUCTION 109
9.2 UTILITIES 110
9.2.1 INTEGRATION OF SMART TECHNOLOGY INTO UTILITY BUS DUCT SYSTEMS TO SUPPORT MARKET GROWTH 110
9.3 INDUSTRIAL 111
9.3.1 SHIFT TOWARD ENERGY-EFFICIENT AND SUSTAINABLE OPERATIONS
TO FUEL DEMAND 111
9.4 COMMERCIAL 113
9.4.1 ADAPTABILITY AND ENHANCED ELECTRICAL SAFETY IN COMMERCIAL SPACES TO DRIVE MARKET 113
9.5 RENEWABLES 114
9.5.1 GREEN INITIATIVES BY GOVERNMENTS TO SUPPORT MARKET GROWTH 114
9.6 DATA CENTERS 115
9.6.1 NEED FOR SEAMLESS POWER DELIVERY AND SAFETY TO DRIVE DEMAND 115
9.7 OTHER END USERS 116
10 BUS DUCT MARKET, BY REGION 118
10.1 INTRODUCTION 119
10.2 NORTH AMERICA 121
10.2.1 US 127
10.2.1.1 Government initiatives to modernize grid and integrate renewable energy to drive market 127
10.2.2 CANADA 128
10.2.2.1 Urbanization and rising electricity demands to support market growth 128
10.2.3 MEXICO 130
10.2.3.1 Strong industrial growth to drive bus duct adoption 130
10.3 ASIA PACIFIC 131
10.3.1 CHINA 139
10.3.1.1 Strong focus on modernizing power infrastructure to
support market growth 139
10.3.2 INDIA 140
10.3.2.1 Development of smart cities and push for renewable
energy to drive market 140
10.3.3 JAPAN 142
10.3.3.1 Focus on energy efficiency in urban development projects to
support market growth 142
10.3.4 SOUTH KOREA 143
10.3.4.1 Growth of renewable energy sector and expansion of EV infrastructure to drive market 143
10.3.5 REST OF ASIA PACIFIC 144
10.4 EUROPE 146
10.4.1 GERMANY 154
10.4.1.1 Increasing deployment of clean transportation solutions to
contribute to market growth 154
10.4.2 UK 156
10.4.2.1 Strong industrial sector and expansion of renewable energy
to drive market 156
10.4.3 ITALY 157
10.4.3.1 Transforming urban infrastructure to support market growth 157
10.4.4 FRANCE 158
10.4.4.1 Expansion of electric vehicles industry fueling demand for bus ducts 158
10.4.5 REST OF EUROPE 159
10.5 SOUTH AMERICA 161
10.5.1 BRAZIL 167
10.5.1.1 Significant investments in energy infrastructure to fuel market growth 167
 
10.5.2 ARGENTINA 168
10.5.2.1 Strong focus on increasing integration of wind and solar
energy to drive market 168
10.5.3 REST OF SOUTH AMERICA 170
10.6 MIDDLE EAST & AFRICA 171
10.6.1 GCC COUNTRIES 178
10.6.1.1 Saudi Arabia 179
10.6.1.1.1 Economic diversification and adoption of smart grid technologies supporting market growth 179
10.6.1.2 UAE 180
10.6.1.2.1 Modernization of energy grid infrastructure to
support demand 180
10.6.1.3 Rest of GCC countries 181
10.6.2 SOUTH AFRICA 182
10.6.2.1 Government initiatives on development of renewable energy
sector to drive market 182
10.6.3 REST OF MIDDLE EAST & AFRICA 183
11 COMPETITIVE LANDSCAPE 185
11.1 INTRODUCTION 185
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024 185
11.3 MARKET SHARE ANALYSIS, 2023 187
11.4 REVENUE ANALYSIS, 2019–2023 190
11.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024 191
11.6 PRODUCT COMPARISON 192
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 193
11.7.1 STARS 193
11.7.2 EMERGING LEADERS 193
11.7.3 PERVASIVE PLAYERS 193
11.7.4 PARTICIPANTS 193
11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 195
11.7.5.1 Company footprint 195
11.7.5.2 Region footprint 196
11.7.5.3 Material footprint 197
11.7.5.4 Voltage footprint 198
11.7.5.5 Type footprint 199
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 200
11.8.1 PROGRESSIVE COMPANIES 200
11.8.2 RESPONSIVE COMPANIES 200
11.8.3 DYNAMIC COMPANIES 200
11.8.4 STARTING BLOCKS 200
 
11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 202
11.8.5.1 Detailed list of key startups/SMEs 202
11.8.5.2 Competitive benchmarking of key startups/SMEs 203
11.9 COMPETITIVE SCENARIO 203
11.9.1 PRODUCT LAUNCHES 204
11.9.2 DEALS 205
11.9.3 EXPANSIONS 207
11.9.4 OTHER DEVEL0PMENTS 209
12 COMPANY PROFILES 210
12.1 KEY PLAYERS 210
12.1.1 ABB 210
12.1.1.1 Business overview 210
12.1.1.2 Products/Solutions/Services offered 211
12.1.1.3 Recent developments 212
12.1.1.3.1 Deals 212
12.1.1.3.2 Expansions 213
12.1.1.3.3 Other developments 213
12.1.1.4 MnM view 214
12.1.1.4.1 Key strengths 214
12.1.1.4.2 Strategic choices 214
12.1.1.4.3 Weaknesses and competitive threats 214
12.1.2 SCHNEIDER ELECTRIC 215
12.1.2.1 Business overview 215
12.1.2.2 Products/Solutions/Services offered 216
12.1.2.3 Recent developments 217
12.1.2.3.1 Expansions 217
12.1.2.4 MnM view 218
12.1.2.4.1 Key strengths 218
12.1.2.4.2 Strategic choices 218
12.1.2.4.3 Weaknesses and competitive threats 218
12.1.3 SIEMENS 219
12.1.3.1 Business overview 219
12.1.3.2 Products/Solutions/Services offered 220
12.1.3.3 Recent developments 221
12.1.3.3.1 Deals 221
12.1.3.4 MnM view 222
12.1.3.4.1 Key strengths 222
12.1.3.4.2 Strategic choices 222
12.1.3.4.3 Weaknesses and competitive threats 222
 
12.1.4 EATON 223
12.1.4.1 Business overview 223
12.1.4.2 Products/Solutions/Services offered 224
12.1.4.3 Recent developments 225
12.1.4.3.1 Deals 225
12.1.4.3.2 Expansions 226
12.1.4.4 MnM view 226
12.1.4.4.1 Key strengths 226
12.1.4.4.2 Strategic choices 226
12.1.4.4.3 Weaknesses and competitive threats 226
12.1.5 LEGRAND 227
12.1.5.1 Business overview 227
12.1.5.2 Products/Solutions/Services offered 229
12.1.5.3 Recent developments 229
12.1.5.3.1 Deals 229
12.1.5.4 MnM view 230
12.1.5.4.1 Key strengths 230
12.1.5.4.2 Strategic choices 230
12.1.5.4.3 Weaknesses and competitive threats 230
12.1.6 GENERAL ELECTRIC COMPANY 231
12.1.6.1 Business overview 231
12.1.6.2 Products/Solutions/Services offered 232
12.1.6.3 Recent developments 233
12.1.6.3.1 Deals 233
12.1.6.3.2 Expansions 233
12.1.7 VERTIV GROUP CORP. 234
12.1.7.1 Business overview 234
12.1.7.2 Products/Solutions/Services offered 235
12.1.7.3 Recent developments 236
12.1.7.3.1 Expansions 236
12.1.8 LS CABLE & SYSTEM LTD. 237
12.1.8.1 Business overview 237
12.1.8.2 Products/Solutions/Services offered 237
12.1.8.3 Recent developments 238
12.1.8.3.1 Expansions 238
12.1.9 DBTS INDUSTRIES SDN BHD 239
12.1.9.1 Business overview 239
12.1.9.2 Products/Solutions/Services offered 240
12.1.10 POWELL INDUSTRIES 241
12.1.10.1 Business overview 241
12.1.10.2 Products/Solutions/Services offered 242
 
12.1.11 ACCU-PANELS ENERGY PVT LTD. 243
12.1.11.1 Business overview 243
12.1.11.2 Products/Solutions/Services offered 243
12.1.12 NISSIN ELECTRIC CO., LTD. 244
12.1.12.1 Business overview 244
12.1.12.2 Products/Solutions/Services offered 245
12.1.13 HUAPENG GROUP CO., LTD. 246
12.1.13.1 Business overview 246
12.1.13.2 Products/Solutions/Services offered 246
12.1.14 AVAIL INFRASTRUCTURE SOLUTIONS 247
12.1.14.1 Business overview 247
12.1.14.2 Products/Solutions/Services offered 248
12.1.15 NOVOLECS 249
12.1.15.1 Business overview 249
12.1.15.2 Products/Solutions/Services offered 249
12.1.16 TAIAN-ECOBAR TECHNOLOGY 250
12.1.16.1 Business overview 250
12.1.16.2 Products/Solutions/Services offered 251
12.1.17 SMA POWER CONTROL PVT. LTD. 252
12.1.17.1 Business overview 252
12.1.17.2 Products/Solutions/Services offered 252
12.1.18 BRILLTECH 253
12.1.18.1 Business overview 253
12.1.18.2 Products/Solutions/Services offered 254
12.1.19 S G ENGINEERS 256
12.1.19.1 Business overview 256
12.1.19.2 Products/Solutions/Services offered 256
12.1.20 SUDHIR POWER LTD. 257
12.1.20.1 Business overview 257
12.1.20.2 Products/Solutions/Services offered 257
12.2 OTHER PLAYERS 258
12.2.1 BALAJI ENGINEERS 258
12.2.2 VIDHYUT CONTROL 259
12.2.3 MYERS POWER PRODUCTS, INC. 260
12.2.4 ALFA STANDARD S.P.A 261
12.2.5 ENGINEERING CONSTRUCTION CORPORATION 262
 
13 APPENDIX 263
13.1 INSIGHTS FROM INDUSTRY EXPERTS 263
13.2 DISCUSSION GUIDE 264
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 268
13.4 CUSTOMIZATION OPTIONS 270
13.5 RELATED REPORTS 270
13.6 AUTHOR DETAILS 271