Summary

As per Triton’s research report, the Asia-Pacific Copper Busbar market is estimated to progress in terms of revenue at a CAGR of 6.79% during the forecast period 2024-2032.

The key drivers of growth in the APAC copper busbar market include grid modernization, supply-demand gap reduction efforts, cellular technologies, a shift towards hybrid electric vehicles (HEVs), and the transition to renewable energy sources. Several countries like India, South Korea, Japan, and the rest of the Asia-Pacific region are all contributing to this growth through investments in advanced technologies, solar panels, and silicon carbide applications, which influence the demand for copper busbars.
The countries analyzed in this region include China, Australia & New Zealand, ASEAN Countries, Japan, South Korea, India, and Rest of Asia-Pacific.

China leads with a major market share, recording nearly $2822.53 million in 2023.
● China’s leadership in the copper busbar market is driven by infrastructure development, rising electricity demand, and the adoption of advanced technologies.

● Scio.gov also reported that the country’s power consumption reached 4.3 trillion kilowatt-hours, and the power consumption by primary industries increased by 12.1% within the first half of 2023.

● As per IEA, China’s electricity demand in 2023 increased by 6.4%, fueled by growth in the services and industrial sectors. With investments in grid modernization, addressing the supply-demand gap of electricity has led to increased demand for copper busbars in power distribution systems.
Copper Busbar Market Forecast for Japan & South Korea
Advancements and funding in the automotive & transportation, and energy sectors influence the copper busbar market in Japan. Additionally, the country has a strong presence in HEVs, where they combine internal combustion engines with electric propulsion and rely on copper components for energy management. As per the news reports, in 2023, the sales of standard-size electric vehicles reached 43,991 units, while 44,544 electric versions of Japan’s signature lightweight kei minicars were sold. Hybrid cars dominated the market for standard-size passenger vehicles, with 1.5 million units sold. As the nation’s automotive industry evolves, copper busbars find applications in electric power steering, regenerative braking systems, and other critical components.

Similarly, in South Korea, an extended investment of $296 million was allocated for fuel cell vehicles and the development of hydrogen refueling stations with a goal to boost the number of electric battery vehicles on the roads by 71,000 and fuel cell vehicles by 10,000. Such initiatives are expected to significantly drive the demand for copper busbars during the forecast period.
The copper busbar market is segmented by type, vertical, deployment, and application. Based on type, it is further classified into oxygen-free copper (OFC), ETP (Electrolytic Tough Pitch Copper Busbar), and other types. Copper undergoes melting and mixing with carbon and carbonaceous gases to produce oxygen-free copper. It has a purity level of 99.99% with an oxygen concentration as low as 0.0005%. The increasing construction activities in emerging markets such as India, Thailand, and Indonesia, characterized by extensive infrastructure development, are expected to drive significant demand for OFC.
Contender Analysis in the Copper Busbar Market:
Gindre Duchavany SA is a France-based copper developer that specializes in manufacturing copper conductors, including flat, round, square, and hexagonal copper bars, as well as extruded copper shapes, flexible insulated copper busbars, and copper components. The company has globalized its production and services while centralizing administrative and accounting procedures to reduce costs and streamline supplies.

The company adheres to UL and ISO standards, as well as RoHS and REACH regulations. It provides flat copper bars, maxiflex insulated flexible copper bars, flexible insulated busbars, etc. Its design team develops optimal processes and tools tailored for producing both standard and specialized copper components to match specific technical requirements.

Other key contenders in the market include Aurubis AG, Rittal Gmbh & Co Kg, Gindre Duchavany SA, Eaton Corporation PLC, Oriental Copper Ltd, Luvata, Siemens AG, Schneider Electric Se, ABB Ltd, and Promet AG.

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Table of Contents

TABLE OF CONTENTS
1. ASIA-PACIFIC COPPER BUSBAR MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT ANALYSIS ON THE COPPER BUSBAR MARKET
2.1.1. COVID-19 IMPACT ON THE COPPER BUSBAR MARKET
2.2. PORTER’S FIVE FORCES ANALYSIS
2.2.1. THREAT OF NEW ENTRANTS
2.2.2. THREAT OF SUBSTITUTES
2.2.3. BARGAINING POWER OF BUYERS
2.2.4. BARGAINING POWER OF SUPPLIERS
2.2.5. THREAT OF COMPETITIVE RIVALRY
2.3. KEY BUYING IMPACT ANALYSIS
2.3.1. COST EFFECTIVENESS
2.3.2. APPLICATION
2.3.3. EFFICIENCY
2.3.4. RELIABILITY
2.4. SUPPLY CHAIN ANALYSIS
2.4.1. MINING AND REFINING
2.4.2. MANUFACTURING
2.4.3. DISTRIBUTION AND SALES
2.4.4. END-USE AND APPLICATION
2.5. MARKET ATTRACTIVENESS INDEX
2.6. KEY MARKET STRATEGIES
2.6.1. COLLABORATIONS
2.6.2. PRODUCT LAUNCHES
2.6.3. INVESTMENTS & EXPANSIONS
2.7. MARKET DRIVERS
2.7.1. INVESTMENTS IN TRANSMISSION & DISTRIBUTION INFRASTRUCTURE
2.7.2. GROWTH OF CONSTRUCTION ACTIVITIES
2.7.3. RISING UTILITY IN INDUSTRIAL, ELECTRICAL, AND URBANIZATION PURPOSES
2.8. MARKET CHALLENGES
2.8.1. FLUCTUATIONS IN RAW MATERIAL PRICES
2.8.2. COMPETITION FROM OTHER CHEAPER MATERIALS, SUCH AS ALUMINIUM BUSBARS
2.9. MARKET OPPORTUNITIES
2.9.1. COPPER BUSBAR PROVIDES LONGER LIFESPAN
2.9.2. EMERGING SWITCHGEAR AND ENERGY & POWER MARKETS
2.10. ANALYST PERSPECTIVE
3. ASIA-PACIFIC COPPER BUSBAR MARKET – BY TYPE
3.1. ETP (ELECTROLYTIC TOUGH PITCH COPPER BUSBAR)
3.2. OXYGEN-FREE COPPER BUSBARS
3.3. OTHER TYPES
4. ASIA-PACIFIC COPPER BUSBAR MARKET – BY DEPLOYMENT
4.1. INDUSTRIAL
4.2. COMMERCIAL
4.3. RESIDENTIAL
5. ASIA-PACIFIC COPPER BUSBAR MARKET – BY APPLICATION
5.1. POWER DISTRIBUTION PANELS
5.2. SWITCHBOARDS
5.3. TRANSFORMERS
5.4. BUS DUCTS
5.5. HEAT SINKS
5.6. MOTORS & GENERATORS
5.7. OTHER APPLICATIONS
6. ASIA-PACIFIC COPPER BUSBAR MARKET – BY VERTICAL
6.1. ELECTRICAL UTILITIES
6.2. TELECOMMUNICATION
6.3. DATA CENTRES
6.4. AUTOMOTIVE & TRANSPORTATION
6.5. OTHER VERTICALS
7. ASIA-PACIFIC COPPER BUSBAR MARKET – BY COUNTRY OUTLOOK
7.1. ASIA-PACIFIC
7.1.1. COUNTRY ANALYSIS
7.1.1.1. CHINA
7.1.1.1.1. CHINA COPPER BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.2. JAPAN
7.1.1.2.1. JAPAN COPPER BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.3. INDIA
7.1.1.3.1. INDIA COPPER BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.4. SOUTH KOREA
7.1.1.4.1. SOUTH KOREA COPPER BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.5. ASEAN COUNTRIES
7.1.1.5.1. ASEAN COUNTRIES COPPER BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.6. AUSTRALIA & NEW ZEALAND
7.1.1.6.1. AUSTRALIA & NEW ZEALAND COPPER BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.7. REST OF ASIA-PACIFIC
7.1.1.7.1. REST OF ASIA-PACIFIC COPPER BUSBAR MARKET FORECAST & PROSPECTS
8. COMPETITIVE LANDSCAPE
8.1. EATON CORPORATION PLC
8.1.1. OVERVIEW
8.1.2. PRODUCT PORTFOLIO
8.1.3. KEY STRENGTH
8.1.4. KEY CHALLENGE
8.2. SIEMENS AG
8.2.1. OVERVIEW
8.2.2. PRODUCT PORTFOLIO
8.2.3. KEY STRENGTH
8.2.4. KEY CHALLENGE
8.3. SCHNEIDER ELECTRIC SE
8.3.1. OVERVIEW
8.3.2. PRODUCT PORTFOLIO
8.3.3. KEY STRENGTHS
8.3.4. KEY CHALLENGES
8.4. ABB LTD
8.4.1. OVERVIEW
8.4.2. PRODUCT PORTFOLIO
8.4.3. KEY STRENGTH
8.4.4. KEY CHALLENGE
8.5. ORIENTAL COPPER LTD
8.5.1. OVERVIEW
8.5.2. PRODUCT PORTFOLIO
8.5.3. KEY STRENGTH
8.5.4. KEY CHALLENGES
8.6. LUVATA
8.6.1. OVERVIEW
8.6.2. PRODUCT PORTFOLIO
8.6.3. KEY STRENGTH
8.6.4. KEY CHALLENGE
8.7. RITTAL GMBH & CO KG
8.7.1. OVERVIEW
8.7.2. PRODUCT PORTFOLIO
8.7.3. KEY STRENGTH
8.7.4. KEY CHALLENGES
8.8. AURUBIS AG
8.8.1. OVERVIEW
8.8.2. PRODUCT PORTFOLIO
8.8.3. KEY STRENGTH
8.8.4. KEY CHALLENGE
8.9. GINDRE DUCHAVANY SA
8.9.1. OVERVIEW
8.9.2. PRODUCT PORTFOLIO
8.9.3. KEY STRENGTHS
8.9.4. KEY CHALLENGE
8.10. PROMET AG
8.10.1. OVERVIEW
8.10.2. PRODUCT PORTFOLIO
8.10.3. KEY STRENGTH
8.10.4. KEY CHALLENGE
9. RESEARCH METHODOLOGY & SCOPE
9.1. RESEARCH SCOPE & DELIVERABLES
9.2. SOURCES OF DATA
9.3. RESEARCH METHODOLOGY



TABLES LIST
TABLE 1: ASIA-PACIFIC COPPER BUSBAR MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
TABLE 2: LIST OF COLLABORATIONS
TABLE 3: LIST OF PRODUCT LAUNCHES
TABLE 4: LIST OF INVESTMENTS & EXPANSIONS
TABLE 5: ASIA-PACIFIC COPPER BUSBAR MARKET, BY TYPE, 2024-2032 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC COPPER BUSBAR MARKET, BY DEPLOYMENT, 2024-2032 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC COPPER BUSBAR MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC COPPER BUSBAR MARKET, BY VERTICAL, 2024-2032 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC COPPER BUSBAR MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
FIGURES LIST
FIGURE 1: KEY BUYING IMPACT ANALYSIS
FIGURE 2: SUPPLY CHAIN ANALYSIS
FIGURE 3: MARKET ATTRACTIVENESS INDEX
FIGURE 4: ASIA-PACIFIC COPPER BUSBAR MARKET, BY TYPE, 2023 & 2032 (IN %)
FIGURE 5: ASIA-PACIFIC COPPER BUSBAR MARKET, BY ETP (ELECTROLYTIC TOUGH PITCH COPPER BUSBAR), 2024-2032 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC COPPER BUSBAR MARKET, BY OXYGEN-FREE COPPER BUSBARS, 2024-2032 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC COPPER BUSBAR MARKET, BY OTHER TYPES, 2024-2032 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC COPPER BUSBAR MARKET, BY DEPLOYMENT, 2023 & 2032 (IN %)
FIGURE 9: ASIA-PACIFIC COPPER BUSBAR MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC COPPER BUSBAR MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC COPPER BUSBAR MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC COPPER BUSBAR MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 13: ASIA-PACIFIC COPPER BUSBAR MARKET, BY POWER DISTRIBUTION PANELS, 2024-2032 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC COPPER BUSBAR MARKET, BY SWITCHBOARDS, 2024-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC COPPER BUSBAR MARKET, BY TRANSFORMERS, 2024-2032 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC COPPER BUSBAR MARKET, BY BUS DUCTS, 2024-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC COPPER BUSBAR MARKET, BY HEAT SINKS, 2024-2032 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC COPPER BUSBAR MARKET, BY MOTORS & GENERATORS, 2024-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC COPPER BUSBAR MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC COPPER BUSBAR MARKET, BY VERTICAL, 2023 & 2032 (IN %)
FIGURE 21: ASIA-PACIFIC COPPER BUSBAR MARKET, BY ELECTRICAL UTILITIES, 2024-2032 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC COPPER BUSBAR MARKET, BY TELECOMMUNICATION, 2024-2032 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC COPPER BUSBAR MARKET, BY DATA CENTRES, 2024-2032 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC COPPER BUSBAR MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2024-2032 (IN $ MILLION)
FIGURE 25: ASIA-PACIFIC COPPER BUSBAR MARKET, BY OTHER VERTICALS, 2024-2032 (IN $ MILLION)
FIGURE 26: ASIA-PACIFIC COPPER BUSBAR MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 27: CHINA COPPER BUSBAR MARKET 2024-2032 (IN $ MILLION)
FIGURE 28: JAPAN COPPER BUSBAR MARKET 2024-2032 (IN $ MILLION)
FIGURE 29: INDIA COPPER BUSBAR MARKET 2024-2032 (IN $ MILLION)
FIGURE 30: SOUTH KOREA COPPER BUSBAR MARKET 2024-2032 (IN $ MILLION)
FIGURE 31: ASEAN COUNTRIES COPPER BUSBAR MARKET 2024-2032 (IN $ MILLION)
FIGURE 32: AUSTRALIA & NEW ZEALAND COPPER BUSBAR MARKET 2024-2032 (IN $ MILLION)
FIGURE 33: REST OF ASIA-PACIFIC COPPER BUSBAR MARKET 2024-2032 (IN $ MILLION)