Summary

Triton’s research analysis states that the copper busbar market in North America is expected to generate revenue at a CAGR of 7.56% during the forecast period 2024-2032.

The market for copper busbars in North America is witnessing exponential growth given to the startegic initiatives in Canada and the US. In order to target the reduction of conventional energy sources, 10 large solar projects valued at more than $250 million are anticipated to commence this year in several parts of the region. Thus, the expansion of renewable energy projects, particularly wind and solar farms, necessitates reliable and high-conductivity materials like copper busbars for effective energy transmission. Additionally, with a $1.2 trillion investment for the years 2021-2030 to modernize aging infrastructure, the role of copper busbars is pivotal in the region’s urbanization plans.
The countries researched in this region include the United States and Canada.

The United States holds the largest market share, achieving around $1657.35 million in 2023.
● As per the US Energy Information Administration (EIA), the power grid comprises over 7,300 power plants, nearly 160,000 miles of high-voltage power lines, and distribution transformers, all serving 145 million customers nationwide.

● As of March 2024, there are approximately 5380 data centers in the country that are bound to increase rapidly due to rising demand for data storage capacities in the coming years.

● Driven by the need to enhance electrical infrastructure and expansion of power-intensive facilities, copper busbars are essential for efficient conductivity and distribution.

● The market scope for copper busbars has, therefore, expanded significantly due to its diverse range of commercial applications, including shipbuilding and electricity conduction in both commercial and residential settings.

Copper Busbar Market Forecast for Canada

The news reports stated that in 2023, new vehicle registrations for battery, hybrid, and plug-in electric cars surpassed 320,237. In the same year, the federal government introduced new regulations for EVs as part of its goal to achieve only zero-emission vehicle sales by 2035. These regulations include incentives and fees for automakers to promote the sale of EVs and the construction of charging stations. Hence, the rising trend towards electrification in the automotive industry, with a surge in electric vehicle (EV) production, is boosting the demand for copper busbars in the country.

The market for copper busbar is categorized into type, deployment, application, and vertical. The deployment segment comprises industrial, commercial, and residential. Copper busbars are highly deployed in industrial settings due to their excellent conductivity, durability, and ability to handle high current loads, making them ideal for power distribution, electrical equipment, and renewable energy systems. By deploying copper busbars power modules used for inversion or conversion become more efficient as industries move towards greater transportation, mobility, and renewable energy electrification.

Contender Analysis in the Copper Busbar Market:
Aurubis AG is a producer and distributor of non-ferrous metals. It produces a wide range of copper and copper alloy products, including wire rods, rolled products, specialty wire, and strips. Its portfolio includes gold, iron silicate, silver, sulfuric acid, lead, tin, nickel, and minor metals. It has production sites in the US and production centers within European countries and the rest of the world. It is headquartered in Hamburg, Germany.
In April 2024, the company signed a long-term contract with Prysmian, a leading company in energy and telecom cable systems, has. Under this agreement, Aurubis will supply an increasing volume of copper wire rod annually to Prysmian’s European plants, supporting its current and future business operations.

The other important contenders in the copper busbar market are Aurubis AG, Eaton Corporation PLC, Siemens AG, Schneider Electric Se, ABB Ltd, Oriental Copper Ltd, Luvata, Rittal Gmbh & Co Kg, Gindre Duchavany SA, and Promet AG.

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Table of Contents

TABLE OF CONTENTS
1. NORTH AMERICA 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. NORTH AMERICA COPPER BUSBAR MARKET – BY TYPE
3.1. ETP (ELECTROLYTIC TOUGH PITCH COPPER BUSBAR)
3.2. OXYGEN-FREE COPPER BUSBARS
3.3. OTHER TYPES
4. NORTH AMERICA COPPER BUSBAR MARKET – BY DEPLOYMENT
4.1. INDUSTRIAL
4.2. COMMERCIAL
4.3. RESIDENTIAL
5. NORTH AMERICA 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. NORTH AMERICA 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. NORTH AMERICA COPPER BUSBAR MARKET – BY COUNTRY OUTLOOK
7.1. NORTH AMERICA
7.1.1. COUNTRY ANALYSIS
7.1.1.1. UNITED STATES
7.1.1.1.1. UNITED STATES COPPER BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.2. CANADA
7.1.1.2.1. CANADA 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: NORTH AMERICA 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: NORTH AMERICA COPPER BUSBAR MARKET, BY TYPE, 2024-2032 (IN $ MILLION)
TABLE 6: NORTH AMERICA COPPER BUSBAR MARKET, BY DEPLOYMENT, 2024-2032 (IN $ MILLION)
TABLE 7: NORTH AMERICA COPPER BUSBAR MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 8: NORTH AMERICA COPPER BUSBAR MARKET, BY VERTICAL, 2024-2032 (IN $ MILLION)
TABLE 9: NORTH AMERICA 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: NORTH AMERICA COPPER BUSBAR MARKET, BY TYPE, 2023 & 2032 (IN %)
FIGURE 5: NORTH AMERICA COPPER BUSBAR MARKET, BY ETP (ELECTROLYTIC TOUGH PITCH COPPER BUSBAR), 2024-2032 (IN $ MILLION)
FIGURE 6: NORTH AMERICA COPPER BUSBAR MARKET, BY OXYGEN-FREE COPPER BUSBARS, 2024-2032 (IN $ MILLION)
FIGURE 7: NORTH AMERICA COPPER BUSBAR MARKET, BY OTHER TYPES, 2024-2032 (IN $ MILLION)
FIGURE 8: NORTH AMERICA COPPER BUSBAR MARKET, BY DEPLOYMENT, 2023 & 2032 (IN %)
FIGURE 9: NORTH AMERICA COPPER BUSBAR MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 10: NORTH AMERICA COPPER BUSBAR MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)
FIGURE 11: NORTH AMERICA COPPER BUSBAR MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)
FIGURE 12: NORTH AMERICA COPPER BUSBAR MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 13: NORTH AMERICA COPPER BUSBAR MARKET, BY POWER DISTRIBUTION PANELS, 2024-2032 (IN $ MILLION)
FIGURE 14: NORTH AMERICA COPPER BUSBAR MARKET, BY SWITCHBOARDS, 2024-2032 (IN $ MILLION)
FIGURE 15: NORTH AMERICA COPPER BUSBAR MARKET, BY TRANSFORMERS, 2024-2032 (IN $ MILLION)
FIGURE 16: NORTH AMERICA COPPER BUSBAR MARKET, BY BUS DUCTS, 2024-2032 (IN $ MILLION)
FIGURE 17: NORTH AMERICA COPPER BUSBAR MARKET, BY HEAT SINKS, 2024-2032 (IN $ MILLION)
FIGURE 18: NORTH AMERICA COPPER BUSBAR MARKET, BY MOTORS & GENERATORS, 2024-2032 (IN $ MILLION)
FIGURE 19: NORTH AMERICA COPPER BUSBAR MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)
FIGURE 20: NORTH AMERICA COPPER BUSBAR MARKET, BY VERTICAL, 2023 & 2032 (IN %)
FIGURE 21: NORTH AMERICA COPPER BUSBAR MARKET, BY ELECTRICAL UTILITIES, 2024-2032 (IN $ MILLION)
FIGURE 22: NORTH AMERICA COPPER BUSBAR MARKET, BY TELECOMMUNICATION, 2024-2032 (IN $ MILLION)
FIGURE 23: NORTH AMERICA COPPER BUSBAR MARKET, BY DATA CENTRES, 2024-2032 (IN $ MILLION)
FIGURE 24: NORTH AMERICA COPPER BUSBAR MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2024-2032 (IN $ MILLION)
FIGURE 25: NORTH AMERICA COPPER BUSBAR MARKET, BY OTHER VERTICALS, 2024-2032 (IN $ MILLION)
FIGURE 26: NORTH AMERICA COPPER BUSBAR MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 27: UNITED STATES COPPER BUSBAR MARKET 2024-2032 (IN $ MILLION)
FIGURE 28: CANADA COPPER BUSBAR MARKET 2024-2032 (IN $ MILLION)