How Big Is the Busbar Market | Trends 2031

Q: How big was the busbar market in 2024?

The busbar market was estimated at USD 18 billion in 2024.

Q: What is the forecasted market size by 2031?

The market is expected to reach USD 27 billion by 2031, growing at a CAGR of 6.1%.

Q: What is driving the demand for busbars?

Energy efficiency, compact design, increasing electricity demand, and renewable energy integration.

Q: What are the key applications of busbars?

Busbars are widely used in industrial plants, data centres, commercial buildings, utilities, and EV charging infrastructure.

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Code: MTA5435

Publication Date: Jul 2025

What is the size of the Busbar Market?

According to 6Wresearch internal database and industry insights, the Global Busbar Market was valued at USD 18 billion in 2024 and is projected to reach USD 27 billion by 2031, growing at a CAGR of 6.1% during the forecast period 2025–2031.

Due to growth factors such as the increasing demand for efficient power distribution systems, rising electricity consumption, and the expansion of renewable energy and smart grid infrastructure, the market is continued to rise in the forthcoming years.

Key Growth Factors of the Busbar Market

Growing need for low-loss and efficient power transmission
Rapid industrialization and urban infrastructure development
Expansion of renewable energy projects and smart grids
Space-saving and cost-effective advantages over traditional cabling
Rising demand from data centres, manufacturing, and commercial buildings

Busbar Market Trends

Busbar market is expanding its landscape over the past few years as the aluminium and copper busbars are widely adopted for efficient energy transfer in power distribution systems. Now, the compact and modular busbar systems are trending in industrial and commercial buildings for space optimization. Excluding these, the prefabricated busbar trunking systems are gaining popularity due to their ease of installation and scalability. The market is driven by the use of insulated and sandwich busbars in high-voltage and cleanroom environments such as data centres and EV manufacturing.

Emerging Developments in the Busbar Market

Busbar market is seeing some major developments such as the smart busbars integrated with sensors and IoT for real-time monitoring are being introduced. Also, the busbars for electric vehicle (EV) infrastructure are gaining momentum with the rise of e-mobility. Further, the fire-resistant and environmentally sustainable materials are being used in modern busbar designs. The market is being advanced with 3D modelling and digital twin technology are being used for busbar system planning and fault diagnosis.