Busbars are used in electrical power distribution systems as a way of distributing power from a single source to multiple devices. Busbars are typically made of copper or aluminium and can come in a variety of shapes and sizes. The busbar market has been growing in recent years, driven by the increasing demand for reliable and efficient power distribution systems.

One of the major drivers of the busbar market is the increasing demand for renewable energy sources, such as solar and wind power. These energy sources require efficient and reliable power distribution systems to ensure that the energy produced is transmitted to the grid or to end users. Busbars play a critical role in these systems, helping to distribute power from renewable sources to where it is needed.

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Key Players

Some of the key players in the busbar market are-

Godrej Boyce Mfg. Co. Ltd., Halcor, Littlefuse, MERSEN, Methode Electronics, Oriental Copper Co., Ltd., Pentair, Rittal, Schneider Electric, and Southwire Company, LLC.

Regional Analysis

In terms of regions, Asia-Pacific is estimated to be the leading region in the market owing to rising investments aimed at modernization and expansion of the grid coupled with increased efforts to avoid the electricity supply demand mismatch. China and India are the growth engines of the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.