Busbar Market Report 2026

The busbar market size has grown strongly in recent years. It will grow from $18.38 billion in 2025 to $19.37 billion in 2026 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to expansion of power generation infrastructure, growth of industrial manufacturing facilities, rising electrification of residential buildings, increasing investments in utility distribution networks, demand for reliable power transmission components.

The busbar market size is expected to see strong growth in the next few years. It will grow to $24.3 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to growth of electric vehicle charging infrastructure, expansion of renewable energy installations, rising adoption of smart grids, increasing power demand from data centers, advancements in high-capacity electrical distribution systems. Major trends in the forecast period include rising demand for high-current power distribution systems, growing adoption of aluminum busbars for cost efficiency, increasing use of compact and modular busbar designs, rising focus on energy-efficient power transmission, expansion of customized busbar solutions for industrial applications.

The rising popularity of electric vehicles (EVs) is anticipated to boost the busbar market in the coming years. EVs are vehicles that operate either partially or fully on electricity stored in rechargeable batteries. In these vehicles, busbars serve as crucial conductive pathways that efficiently distribute electrical power from the battery to various components, including the electric motor, charging system, and auxiliary systems. By providing a streamlined and high-capacity electrical connection, busbars enhance power transmission within the vehicle's electrical system, ensuring dependable performance. For example, in July 2023, the International Energy Agency, an autonomous organization based in France, reported that over 2.3 million electric cars were sold in the first quarter of 2023, marking a 25% increase compared to the same period in 2022. Sales are projected to reach 14 million by the end of 2023, signifying a 35% increase year-over-year, with growth expected to accelerate in the latter half of the year. Consequently, the growing adoption of electric vehicles is contributing to the expansion of the busbar market.

Major companies operating in the busbar market are concentrating on innovations such as modular busbar trunking systems to deliver compact, high-capacity, and easily deployable power distribution solutions for commercial, industrial, and data center environments. A modular busbar trunking system is composed of rigid copper or aluminum conductors housed within insulated, often ventilated enclosures, serving as an alternative to extended cable runs by using pre-engineered tracks that minimize installation time, reduce space usage, and lower energy losses. For example, in July 2024, Siemens AG, a Germany-based engineering conglomerate, introduced the BD2 busbar trunking system in Ho Chi Minh City. The BD2 system incorporates segmented copper conductors within a corrosion-resistant enclosure, operates as a plug-and-play power distribution rail with adaptable tap-off points, and provides higher current-carrying capacity, improved thermal performance, built-in safety features for fault containment, and simplified mechanical connections that enable quicker on-site installation.

In November 2025, Dielectric Manufacturing Inc., a U.S.-based manufacturing company, acquired EMS Industrial and Service Company for an undisclosed amount. Through this acquisition, Dielectric seeks to enhance its production capacity for EV and power-distribution components and simplify customer sourcing by incorporating in-house busbar fabrication, supporting expansion across EV, power transmission, and data-center applications. EMS Industrial and Service Company, Inc. is a U.S.-based manufacturer specializing in the fabrication of copper and aluminum busbars and customized busbar systems for EV and power-distribution uses.

Major companies operating in the busbar market report are Siemens AG, ABB Ltd., Schneider Electric SE, Eaton Corporation plc, TE Connectivity Ltd., Legrand S.A., Mersen S.A., CHINT Group Co. Ltd., C&S Electric Limited, Rogers Corporation, Friedhelm Loh Group, Cubic Module System A/S, Hager Vertriebsgesellschaft mbH & Co. KG, Starline Holdings LLC, Sedotec GmbH & Co. KG, Methode Electronics Ltd., General Electric Company, Rittal GMBH & Co. KG, Power Products LLC, Promet AG, Godrej & Boyce Manufacturing Company Limited, Bhagyanagar India Limited, Oriental Copper Co. Ltd., Southwire Company LLC, Pentair plc, Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S., Keiper Electric GmbH, Mitsubishi Electric India Private Limited, nVent Electric plc, Alcan Cable, ERICO International Corporation.

North America was the largest region in the busbar market in 2025 and is expected to be the fastest-growing region in the global busbar market report forecast period. The regions covered in the busbar market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the busbar market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The busbar market consists of sales of single busbar, main and auxiliary busbar, double busbar, double main and auxiliary busbar, enclosed busbar, open busbar, isolated phase busbar and gas-pressurized insulated busbar. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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