The global busway-bus duct market revenue was around US$ 12.5 billion in 2021 and is estimated to reach US$ 21.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2022 to 2031.

A busway, sometimes called a bus duct. It is a combination of a metal duct made of solid copper or aluminum conductors. It is used to carry high currents. The entire system contains a number of integral parts; busbars, housings, and support insulators.

Factors Influencing Market Growth

Servers, computers, and different digital machinery of the IT sector make use of a massive quantity of electricity which propels the busway-bus duct market.

Increase in population also drives the demand for electricity and other energy sources, which ultimately fuels the expansion of industrial sectors like power plants, oil & gas, and others. Additionally, the automotive, chemical, pharmaceutical, consumer products, and industrial sectors are witnessing an increase in demand. Thus, these aspects are anticipated to be significant opportunities for the market.

Varying costs of the raw materials used to manufacture busway-bus ducts hamper the market growth.


Study of the COVID-19 Pandemic

The COVID-19 pandemic halted the manufacture of several busway-bus duct system components. The downturn in the economy initially led to industrial and commercial users reducing back on their purchases of various systems. The intensity of the coronavirus decreased due to the release of numerous vaccines.

As of mid-2022, the wide variety of cases has drastically decreased. This has brought about the full-fledged reopening of busway-bus duct production organizations at their full-scale capacities. In addition, more than two years have passed since the start of this pandemic, and some businesses have already displayed considerable indications of recovery.

Regional Insights

Asia-Pacific dominated the market growth in terms of revenue due to rapid industrial growth in the region. In addition, the increase of the internet and other distant technologies have significantly contributed to the IT industry's expansion. The IT industry consumes a lot of electricity to power its computers, servers, and other electronic equipment. Thus, these factors drive the busway-bus duct market.

Leading Competitors
The leading competitors in the global busway-bus duct market are:
ABB
Accu Panels Energy Pvt Ltd
C&S Electric Limited
Current Midwest
DBTS IND
Eaton Corporation
General Electric Company
Godrej and Boyce Company Limited
Huapeng Group Company
L&T Electrical & Automation
LS Cable & System Ltd
Powell Industries Inc
Schneider Electric
Siemens AG
TAIAN-ECOBAR TECHNOLOGY
Tricolite Electrical Industries
Vidhyut Control India Pvt Ltd
Others
Segmentation Analysis
The global busway-bus duct market segmentation focuses on Type, Voltage, End User Industry and Region.
Segmentation based on Type
Isolated Phase Bus Duct
Segregated Phase Bus Duct
Non-segregated Phase Bus Duct
Segmentation based on Voltage
High-voltage
Medium-voltage
Low-voltage
Segmentation based on End User Industry
Residential
Commercial
? Data Centers
? Shopping Centers
? Other Commercial Buildings
Industrial
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America