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ABB, Eaton Corporation, Siemens, Schneider Electric, C&S Electric Limited are among the dominant players in the busbar trunking systems industry. These companies are focusing on innovation, strategic partnerships, and investments in new transmission projects to maintain their competitive edge in the market.
Some of the key market players operating across the busbar trunking systems industry are:
ABB, C&S Electric Limited, EAE, Eaton, Effibar, Entraco Bks Busducts Pvt. Ltd., Gersan Elektrik A.?, and Godrej.
The market size of busbar trunking systems was worth about USD 2.6 billion in 2023 and will grow at 10.3% CAGR from 2024 to 2032, driven by the increasing demand for electricity.
The lighting segment in the busbar trunking systems industry is anticipated to surpass USD 1 billion by 2032, favored by increasing need for streamlined power distribution systems.
Asia Pacific busbar trunking systems market is likely to exceed over USD 2.1 billion by 2032, backed by escalating electricity demand and expanding points of connection.