Press Release

Dec, 05 2024

Cost and Operational Advantages Of Copper Busbars is Driving the North America Copper Busbar Market

Copper busbars have become a critical element in modern power distribution systems, offering a highly efficient method of distributing electrical power with significant cost and operational benefits. A busbar system, typically made of copper or aluminum, is enclosed in protective casings to prevent damage from external factors, ensuring safe and reliable power distribution. The system is favored for medium to high power applications due to its compact design, flexibility, superior resistance, and ease of installation, making it increasingly popular in the construction industry.

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Data Bridge Market Research analyzes that the North America Copper Busbar Market is expected to reach USD 6.92 billion by 2031 from USD 4.42 billion in 2023, growing with a CAGR of 5.9% in the forecast period of 2024 to 2031.

Key Findings of the Study

North America Copper Busbar Market

Requirement of Efficient Conductivity and Energy Losses during Transmission

There is a wide usage of power applications that relies on busbars to provide critical interfaces between the power modules. This holds true even as the power, motor, industrial, and automotive industries have evolved over the last few decades. Power modules used for inversion or conversion must become more efficient as industries move toward more electrification in transportation, mobility, and renewable energy. Busing power into and out of the power inversion circuit becomes a critical element that must be incorporated into the overall system design to maximize efficiency.

Monitoring solutions for busbar systems provide continuous data from a high-level overview to the level of individual outlets. Data on power consumption can be accessed locally or remotely, allowing you to make informed energy-saving decisions. Power monitoring identifies load imbalance before it has an impact on the performance of equipment. Continuous monitoring allows you to capture changes as a result of new e-commerce sites.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Year

2021 (Customizable to 2016-2021)

Quantitative Units

Revenue in Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Electrolytic Tough Pitch, Oxygen Free, and DHP / DLP), Power Rating (Low Power, Medium Power (125 A -800 A), and High Power (Above 800 A)), Product Type (Laminate Busbar/ Composite Busbar, Multiple Conductor Busbars, Flexible Busbars, and Single Conductor Busbars), Plating (Tin, Nickel, and Silver), Insulation (Epoxy Powder Coating, PET, PA12, PVC, and PE), Length (1M TO 2 MT, 2 MT TO 3 MT, More than 3 MT, and Less than 1MT), End User (Transmission & Distribution Utilities, Industrial, Commercial, and Residential Sector), Sales Channel (Direct Channel and Indirect Channel)

Countries Covered

U.S., Canada, and Mexico

Market Players Covered

American Elements (U.S.), SPF America (U.S.), Watteredge LLC (U.S.), Metlofo Inc. (U.S.), Fanshun Machinery (China), Hubbell (U.S.), Lantric Technologies Inc. (U.S.), CAPLINQ Corporation (Canada), Siemens (Germany), Mersen Property (France), ABB (Switzerland/Sweden), EG Electronics (Sweden), Legrand (France), Eaton (Ireland/U.S.), AMETEK Inc. (U.S.), Ennovi Holdings Pte. Ltd. (Singapore), Interplex Holdings (U.S.), Schneider Electric (France), Rogers Corporation (U.S.), Rittal GmbH & Co. KG (Germany), Amphenol Corporation (U.S.), and MOLEX LLC (U.S.)

Data Points Covered in the Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Segment Analysis

The North America copper busbar market is segmented into eight notable segments on the basis of type, power rating, product type, plating, insulation, length, end user  and sales channel.

  • On the basis of type, the market is segmented into electrolytic tough pitch, oxygen free, and DHP / DLP

In 2024, electrolytic tough pitch segment is expected to dominate the market

In 2024, electrolytic tough pitch segment is expected to dominate the market due to its superior electrical conductivity and cost-effectiveness compared to oxygen-free and DHP/DLP segments, making it ideal for high-efficiency power distribution applications. In addition, its widespread availability and suitability for standard industrial applications further boost its demand. This segment is expected to dominate the market with a market share 50.10%

  • On the basis of power rating, the market is segmented into low power, medium power (125 A-800 A) and high power (above 800 A).

In 2024, low power segment is expected to dominate the market

In 2024, low power segment is expected to dominate the market due to the rising demand for energy-efficient solutions in residential and commercial applications, which typically require lower power ratings. In addition, its cost-effectiveness and ease of installation make it more favorable compared to medium and high-power busbars. This segment is expected to dominate the market with a market share 47.45%

  • On the basis of product type, the market is segmented into laminate busbar/ composite busbar, multiple conductor busbars, flexible busbars, and single conductor busbars. This segment is expected to dominate the market with a market share 48.77%
  • On the basis of plating, the North America copper busbar market is segmented into tin, nickel, and silver. This segment is expected to dominate the market with a market share 47.03%  
  • On the basis of insulation, the North America copper busbar market is segmented into epoxy power coating, PET, PA12, PVC, and PE. This segment is expected to dominate the market with a market share 40.60%
  • On the basis of length, the North America copper busbar market is segmented into 1M to 2 MT, 2 MT to 3 MT, more than 3 MT, and Less than 1MT. This segment is expected to dominate the market with a market share 42.26%    
  • On the basis of end user, the North America copper busbar market is segmented into transmission & distribution utilities, industrial, commercial, and residential sector. This segment is expected to dominate the market with a market share 40.22%    
  • On the basis of sales channel, the North America copper busbar market is segmented into direct channel, and indirect channel. This segment is expected to dominate the market with a market share 74.25%    

Major Players

Data Bridge Market Research analyzes Rittal GmbH & Co. KG (Germany), Amphenol Corporation (U.S.), Eaton (U.S.), Legrand (France), and AMETEK. Inc. (U.S.) as the major North America copper busbar market.

North America Copper Busbar Market

Market Developments

  • In June 2024, AMETEK Process Instruments released the WDG-V HP Combustion Analyzer, specifically designed for high-particulate applications in the metal processing segment. This cutting-edge analyzer offers enhanced reliability and accuracy in measuring combustion efficiency and emissions control in challenging environments, such as metal smelting and refining processes, where high particulate levels can interfere with traditional sensors. The WDG-V HP features an advanced in-situ zirconia oxygen sensor and robust particulate management technology, making it ideal for optimizing combustion and reducing emissions in metal production facilities. This development strengthens AMETEK’s commitment to innovation in the metal industry, ensuring compliance with environmental regulations while improving operational efficiency
  • In March 2023, MERSEN signs a contract with Wolfspeed. The agreement between the companies was to increase the supply of Silicon Carbide technology. Mersen will supply Wolfspeed with graphite and other high-tech materials. This agreement will strengthen the company's position and will lead to major energy transition. This step will also help to enhance the supply chain of the company
  • In October 2022, Amphenol Corporation was awarded ISO 9001:2015. This certification was awarded to the company for the manufacturing of enhanced-quality of busbars, cable assemblies, and connectors for customers worldwide. This certification will help the company to keep manufacturing quality products and will improve the brand image of the company
  • In February 2022, Rittal GmbH & Co. KG got awarded by the LANline readers as “2021 Supplier of the Year”. This was fifth time that the company was been awarded by this and through this the company is aiming to promote its product portfolio in order to boost sales under copper busbar market
  • In August 2022, ABB announced that it has signed an agreement to purchase Siemens’ low voltage NEMA motor business. It has manufacturing operations in Guadalajara, Mexico, this acquisition provides a well-regarded product portfolio, a longstanding North American customer base, and an experienced operation, sales, and management team which will allow the company to expand in the mentioned region with the already existing customer base

Regional Analysis

Based on geography, the market is segmented into U.S., Canada, and Mexico.

As per Data Bridge Market Research Analysis:

U.S. is expected to dominate and be the fastest-growing the North America copper busbar

U.S. is expected to dominate the North America copper busbar market due to the presence of major automotive manufacturers, stringent safety regulations, and a high consumer demand for advanced safety features in vehicles, driving the adoption of innovative technologies. U.S. is the fastest-growing country in the North American copper busbar market due to its expanding industrial sector, increased demand for energy infrastructure, and the growing adoption of renewable energy technologies that require efficient electrical systems

For more detailed information about the North America copper busbar market report, click here – https://www.databridgemarketresearch.com/reports/north-america-copper-busbar-market


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