South Korea Busway Market to 2032
Overview
The South Korea Busway Market is expected to reach a 367.00 USD Million by 2032 and is projected to grow at a CAGR of 7.64% from 2025 to 2032.
Revenue, 2024 (USD Million)
205.28
Forecast, 2032 (USD Million)
367.00
CAGR, 2024 - 2032
7.64%
Report Coverage
South Korea
South Korea Busway Market 2018-2032 USD Million
South Korea Busway Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 205.28 USD Million
- Projected Market Size (2032): 367.00 USD Million
- CAGR (2025-2032): 7.64%
Key Findings of South Korea Busway Market
- The South Korea Busway Market was valued at 205.28 USD Million in 2024.
- The South Korea Busway Market is likely to grow at a CAGR of 7.64% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Product in Offering Segment accounted for the largest share of the market with a revenue of 153.18 USD Million
- The fastest growing segment Busbars in Components Segment grew Fastest with a CAGR of 8.57% during the forecast period from 2024 to 2032.
South Korea Busway Market Scope
South Korea Busway Market Segmentation & Scope
Application
- Others
- Entertainment and Sports Venues
- Education Institutions
- Government and Military
- Residential
- Transportation
- Healthcare
- Energy
- IT (Telecommunication and Broadcasting)
- Commercial Buildings
- Industrial Facilities
Power Rating
- High Power Busway
- Low Power Busway
- Medium Power Busway
Phase Type
- Feeder
- Non-Segregated Phase
- Segregated Phase
- Plug-In
Type
- Others
- 3-Phase 5-Wire
- 3-Phase 4-Wire
Implementation
- Raised Floor
- Ceiling Overhead
Conductor Material
- Hybrid Busway
- Aluminum Busway
- Copper Busway
Components
- Others
- End Caps and End Feeds
- Grounding Systems
- Joint Connectors
- Tap-off Units
- Enclosures
- Busbars
Offering
- Service
- Product
South Korea Busway Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 205.28 USD Million |
| Market Value in 2032 | 367.00 USD Million |
| CAGR (2025-2032) | 7.64% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Power Rating,Phase Type,Type,Implementation,Conductor Material,Components,Offering |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 205.28 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 205.28 USD Million in 2024.
Segments and Scope
-
South Korea Busway Market to 2032, By Application
- Industrial Facilities is the largest segment in South Korea Busway Market to 2032 with a revenue of 51.47 USD Million in the year 2024.
- Industrial Facilities is the Fastest growing segment in South Korea Busway Market to 2032 with a Growth rate of 8.46 % in forecast period 2025-2032.
-
South Korea Busway Market to 2032, By Power Rating
- Medium Power Busway is the largest segment in South Korea Busway Market to 2032 with a revenue of 102.58 USD Million in the year 2024.
- Medium Power Busway is the Fastest growing segment in South Korea Busway Market to 2032 with a Growth rate of 7.97 % in forecast period 2025-2032.
-
South Korea Busway Market to 2032, By Phase Type
- Plug-In is the largest segment in South Korea Busway Market to 2032 with a revenue of 77.60 USD Million in the year 2024.
- Plug-In is the Fastest growing segment in South Korea Busway Market to 2032 with a Growth rate of 8.41 % in forecast period 2025-2032.
-
South Korea Busway Market to 2032, By Type
- 3-Phase 4-Wire is the largest segment in South Korea Busway Market to 2032 with a revenue of 133.09 USD Million in the year 2024.
- 3-Phase 4-Wire is the Fastest growing segment in South Korea Busway Market to 2032 with a Growth rate of 7.87 % in forecast period 2025-2032.
-
South Korea Busway Market to 2032, By Implementation
- Ceiling Overhead is the largest segment in South Korea Busway Market to 2032 with a revenue of 131.05 USD Million in the year 2024.
- Ceiling Overhead is the Fastest growing segment in South Korea Busway Market to 2032 with a Growth rate of 7.94 % in forecast period 2025-2032.
-
South Korea Busway Market to 2032, By Conductor Material
- Copper Busway is the largest segment in South Korea Busway Market to 2032 with a revenue of 114.31 USD Million in the year 2024.
- Aluminum Busway is the Fastest growing segment in South Korea Busway Market to 2032 with a Growth rate of 7.63 % in forecast period 2025-2032.
-
South Korea Busway Market to 2032, By Components
- Busbars is the largest segment in South Korea Busway Market to 2032 with a revenue of 84.95 USD Million in the year 2024.
- Busbars is the Fastest growing segment in South Korea Busway Market to 2032 with a Growth rate of 8.57 % in forecast period 2025-2032.
-
South Korea Busway Market to 2032, By Offering
- Product is the largest segment in South Korea Busway Market to 2032 with a revenue of 153.18 USD Million in the year 2024.
- Product is the Fastest growing segment in South Korea Busway Market to 2032 with a Growth rate of 7.72 % in forecast period 2025-2032.
South Korea Busway Market Company Share Analysis
| Company Name |
|
||
| Schneider Electric | |||
| General Electric | |||
| Eaton | |||
| Delta Power Solutions | |||
| Vertiv Group Corp | |||
South Korea Busway Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Busway Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Busway Market is segmented based on Segmentation Application,Power Rating,Phase Type,Type,Implementation,Conductor Material,Components,Offering.
South Korea Busway Market was valued at USD 205.28(Revenue in USD Million) in 2024.
South Korea Busway Market is projected to grow at a CAGR of 7.64% during the forecast period of 2024 to 2032.
The Product segment is expected to dominate the South Korea Busway Market, holding a largest market share of 153.18 USD Million in 2024
South Korea Busway Market Scope
South Korea Busway Market Segmentation & Scope
Application
- Others
- Entertainment and Sports Venues
- Education Institutions
- Government and Military
- Residential
- Transportation
- Healthcare
- Energy
- IT (Telecommunication and Broadcasting)
- Commercial Buildings
- Industrial Facilities
Power Rating
- High Power Busway
- Low Power Busway
- Medium Power Busway
Phase Type
- Feeder
- Non-Segregated Phase
- Segregated Phase
- Plug-In
Type
- Others
- 3-Phase 5-Wire
- 3-Phase 4-Wire
Implementation
- Raised Floor
- Ceiling Overhead
Conductor Material
- Hybrid Busway
- Aluminum Busway
- Copper Busway
Components
- Others
- End Caps and End Feeds
- Grounding Systems
- Joint Connectors
- Tap-off Units
- Enclosures
- Busbars
Offering
- Service
- Product
Frequently Asked Questions
The South Korea Busway Market is segmented based on Segmentation Application,Power Rating,Phase Type,Type,Implementation,Conductor Material,Components,Offering.
South Korea Busway Market was valued at USD 205.28(Revenue in USD Million) in 2024.
South Korea Busway Market is projected to grow at a CAGR of 7.64% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Busway Market for final year is USD 367.00 (USD Million).
South Korea Busway Market Company Profiling
Frequently Asked Questions
The South Korea Busway Market is segmented based on Segmentation Application,Power Rating,Phase Type,Type,Implementation,Conductor Material,Components,Offering.
South Korea Busway Market was valued at USD 205.28(Revenue in USD Million) in 2024.
South Korea Busway Market is projected to grow at a CAGR of 7.64% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Busway Market for final year is USD 367.00 (USD Million).
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