Busbar Top Companies and Market Size Analysis
The global busbar market size is projected to surpass around USD 27.64 billion by 2033 from USD 18.25 billion in 2023, expanding at a solid CAGR of 4.24% between 2023 and 2033. The top companies in busbar market are Siemens AG, Connectivity, Mersen, Schneider Electric, Rogers Corporation, Legrand S.A., Eaton Corporation plc, CHINT Group, Friedhelm Loh Group, ABB, and Others.
Market Report Coverage
| Report Attribute |
Key Statistics |
| Market Revenue in 2024 |
USD 19.02 Billion |
| Market Revenue by 2033 |
USD 27.64 Billion |
| CAGR |
4.24% from 2024 to 2033 |
| Quantitative Units |
Revenue in USD million/billion, Volume in units |
| Largest Market |
Asia Pacific |
| Base Year |
2023 |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Busbar Market Lead Manufacturers
- Siemens AG
- Connectivity
- Mersen
- Schneider Electric
- Rogers Corporation
- Legrand S.A.
- Eaton Corporation plc
- CHINT Group
- Friedhelm Loh Group
- ABB
Latest Announcements by the Industry Leaders
- Siemens got the agreement to acquire the Trayer Engineering Corporation (Trayer), a California-based leader in designing and manufacturing medium voltage secondary distribution switchgear suitable for below-ground and outdoor applications.
- Rogers Corporation signed a lease on a factory in Monterrey, Mexico, for the manufacturing of advanced busbar and engineering services. Rogers’ advanced ROLINX® busbars provide power distribution solutions to a number of applications in renewable energy, electric and hybrid-electric vehicles (EV/HEV), mass transit, and industrial markets.
- In November 2024, Eaton launched the new xEnergy Elite low voltage motor control and power distribution center with a capacity of up to 7,500 A and 690 VAC design to provide enhanced flexibility and uptime with maintenance cost savings and for industries with critical applications such as mining.
Recent Developments
- In June 2024, JA Solar, a leading high-performance photovoltaic (PV) product, launched the two latest products, the Anti-Dust Single-Glass Lightweight Module and Zero Busbar (0BB) module. The products are made to transform the standard in PV technology, liability, efficiency, and adaptability in different applications.
- In April 2024, Huasun, a Chinese manufacturer, introduced the two latest module series for utility-scale applications; the product consists of a facility factor of over 85% and a temperature coefficient of -0.24% per C.
- In September 2022, Vertiv introduced its Busbar Power Distribution System that supports the complicated digital infrastructure of data centers and other dynamic environments.
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