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Commercial Busbar Trunking Systems Market Size

Report ID: GMI11494
Published Date: Sep 2024
Report Format: PDF

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Commercial Busbar Trunking Systems Market Size

The global commercial busbar trunking systems market was valued at USD 1 billion in 2023 and is set to grow at a CAGR of over 10.5% from 2024 to 2032. Rapid urbanization & infrastructure development along with increasing energy efficiency requirements across electrical system will bolster the product demand. Urban expansion and the construction of smart cities increase the demand for efficient and scalable power distribution solutions, making busbar trunking systems attractive for commercial projects that require flexibility and future-proof infrastructure.

commercial busbar trunking systems market

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Governments and organizations are pushing for energy-efficient systems in commercial buildings, driving demand for busbar trunking systems. These systems provide superior power distribution with minimal energy losses compared to traditional cabling systems. In addition, cost-effectiveness & modular design of the product allows for easier expansion, customization, and cost savings in large commercial projects, making them a preferred choice over traditional wiring methods.

Commercial Busbar Trunking Systems Market Report Attributes
Report Attribute	Details
Base Year:	2023
Commercial Busbar Trunking Systems Market Size in 2023:	USD 1 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	10.5%
2024 – 2032 Value Projection:	USD 2.5 Billion
Historical Data for:	2021-2023
No. of Pages:	90
Tables, Charts & Figures:	12
Segments covered:	Power Rating, Conductor, Application, & Region
Growth Drivers:	Refurbishment of existing grid networks Increasing investment toward power generation
Pitfalls & Challenges:	Volatile raw material prices

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Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of commercial busbar trunking systems was worth over USD 1 billion in 2023 and is projected to grow at a CAGR of 10.5% from 2024 to 2032, driven by rapid urbanization and infrastructure development, the rise of smart cities, and increasing energy efficiency requirements across electrical systems.

The lighting segment of the commercial busbar trunking systems market is anticipated to surpass USD 400 million by 2032, driven by the demand for efficient power distribution solutions in overhead spaces, raised floors, and concealed ceilings.

The healthcare application segment is expected to grow at a CAGR of over 11% through 2032, due to the need for safety-compliant, fire-resistant, and easy-to-install power distribution solutions in healthcare facilities.

The U.S. commercial busbar trunking systems industry is projected to exceed USD 300 million by 2032, driven by the demand for energy-efficient electrical distribution and modernization of aging infrastructure.

Some of the major players in the market include ABB, Siemens, Eaton, Legrand, Schneider Electric, and Godrej, who are driving innovation through advanced energy-efficient and modular busbar trunking solutions.