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NORTH AMERICA COPPER BUSBAR MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

North America Copper Busbar Market by Material Type (ETP (Electrolytic Tough Pitch Copper Busbar), Oxygen-Free Copper (OF) Busbars, Other Material Types) Market by Deployment (Industrial, Commercial, Residential) Market by Application (Power Distribution Panels, Switchboards, Transformers, Bus Ducts, Heat Sinks, Motors & Generators, Other Applications) Market by End-user (Electrical Utilities, Telecommunication, Data Centres, Automotive & Transportation, Other End-users) by Geography

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MARKET OVERVIEW

The North America copper busbar market is estimated to project a CAGR of 7.45% during the forecast period, 2024-2032, and is expected to reach a revenue of $xx million by 2032.

The copper busbar market growth in North America is attributed to the region’s favorable policies. Also, several industry players are making significant investments in R&D activities to find new avenues for their products. In addition, the US is the leading country in the region for copper busbar, given the advanced venture capital market. 

The United States and Canada are evaluated for the North America copper busbar market growth assessment. A busbar is a bar or strip of copper, aluminum, or brass that conducts electricity within a battery bank, substation, distribution board, switchboard, etc. The rising focus on energy efficiency is leading to an increased preference for busbars over cables, which further propels the market growth. At the same time, the increasing demand for sustainable energy systems and the growing usage of smart grids boost the demand for copper busbars.

North America Copper Busbar Market

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Another factor contributing to the market growth of North America is the steady demand for electric vehicles. Additionally, copper busbars are used in automotive electrical systems to make complex power distribution easier and more flexible. 

Also, copper busbars are available as sold bars and flat strips. Accordingly, they are used as per the requirements and configurations of commercial vehicles and passenger cars. Besides, they optimize power delivery by reducing energy loss. As a result, the increasing vehicle electrification is set to offer growth opportunities for the North America copper busbar market. 

The segmentation analysis of the North America copper busbar market includes deployment, end-user, material type, and application. The application segment includes switchboards, motors & generators, heat sinks, bus ducts, transformers, power distribution panels, and other applications.

Copper busbars used in motor control cabinets or control centers can replace the wiring of several electrical components. This minimizes the number of parts, thereby reducing the installation efforts, which further lessens the probability of assembly errors. Also, connecting electrical equipment through busbars enables a better component organization in electric enclosures, which makes troubleshooting less time-consuming and saves valuable space.

Furthermore, copper busbars can enhance the performance of variable frequency drives by reducing inductance and minimizing switching losses. Additionally, lower inductance can reduce harmful voltage spikes that cause ringing and damage connected cables and motors.

A beneficial difference of a copper busbar is that it can be used as a heat sink. The thermal analysis takes into account the heat convection and conduction of a copper busbar system used to supply a test bench with high currents for evaluating the electro-thermal behavior of power circuit breakers during short circuit and overload conditions. 

Moreover, copper busbar has applications in electrical engineering and efficient energy-saving. The head and tail cutting of a drawing procedure are excluded in the production of copper busbar for effective utilization of materials.

Some of the prominent players in the North America copper busbar market include Eaton Corporation Plc, Kinto Electric Co Ltd, American Power Connection Systems Inc, etc.

American Power Connection Systems Inc is a growing manufacturing company specializing in custom-designed laminated cables, busbars, and shunts. The company is headquartered in Bay City, Michigan. The company’s products are made available following the custom request.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Application, End-User, Deployment, and Material Type
Countries AnalyzedThe United States and Canada
Companies AnalyzedABB Ltd, American Power Connection Systems Inc, Aurubis AG, Eaton Corporation PLC, ElvalHalcor Hellenic Copper and Aluminum Industry SA, Etablissements Gindre Duchavany SA, Kinto Electric Co Ltd, Luvata, Oriental Copper Ltd, Promet AG, Rittal, Schneider Electric SE, Siemens Aktiengesellschaft, Sofia Med SA, Wetown Electric Group
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. RISING CONSTRUCTION ACTIVITIES WORLDWIDE
      2. GROWING UTILIZATION OF ELECTRICITY, INDUSTRIALIZATION, AND URBANIZATION
      3. INCREASING INVESTMENTS IN TRANSMISSION & DISTRIBUTION INFRASTRUCTURE
    2. KEY RESTRAINTS
      1. FLUCTUATIONS IN RAW MATERIAL PRICES
      2. COMPETITION AGAINST ALTERNATIVE COST-EFFECTIVE MATERIALS LIKE ALUMINUM BUSBARS   
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. GROWING DEMAND IN ELECTRONICS MANUFACTURING
      2. INTEGRATION WITH SMART GRID TECHNOLOGIES
      3. RISING ELECTRIFICATION OF TRANSPORTATION SERVICES
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET CONCENTRATION ANALYSIS
    5. VALUE CHAIN ANALYSIS
      1. MINING AND REFINING 
      2. MANUFACTURING 
      3. DISTRIBUTION AND SALES
      4. END-USE AND APPLICATION
    6. KEY BUYING CRITERIA
      1. COST EFFECTIVENESS
      2. APPLICATION
      3. EFFICIENCY
      4. RELIABILITY
  5. MARKET BY MATERIAL TYPE 
    1. ETP (ELECTROLYTIC TOUGH PITCH COPPER BUSBAR)
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. OXYGEN-FREE COPPER (OF) BUSBARS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. OTHER MATERIAL TYPES  
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY DEPLOYMENT 
    1. INDUSTRIAL 
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. COMMERCIAL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. RESIDENTIAL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY APPLICATION
    1. POWER DISTRIBUTION PANELS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. SWITCHBOARDS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. TRANSFORMERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. BUS DUCTS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. HEAT SINKS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. MOTORS & GENERATORS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    7. OTHER APPLICATIONS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. MARKET BY END-USER
    1. ELECTRICAL UTILITIES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. TELECOMMUNICATION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. DATA CENTRES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. AUTOMOTIVE & TRANSPORTATION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER END-USERS 
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  9. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA COPPER BUSBAR MARKET DRIVERS
      3. NORTH AMERICA COPPER BUSBAR MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA COPPER BUSBAR MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES COPPER BUSBAR MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA COPPER BUSBAR MARKET SIZE & OPPORTUNITIES
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PARTNERSHIPS & AGREEMENTS
      3. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ABB LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      2. AMERICAN POWER CONNECTION SYSTEMS INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      3. EATON CORPORATION PLC 
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      4. RITTAL
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      5. SCHNEIDER ELECTRIC SE
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      6. SIEMENS AKTIENGESELLSCHAFT
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – COPPER BUSBAR

TABLE 2: NORTH AMERICA COPPER BUSBAR MARKET, BY MATERIAL TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: NORTH AMERICA COPPER BUSBAR MARKET, BY MATERIAL TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 4: NORTH AMERICA COPPER BUSBAR MARKET, BY DEPLOYMENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: NORTH AMERICA COPPER BUSBAR MARKET, BY DEPLOYMENT, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: NORTH AMERICA COPPER BUSBAR MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: NORTH AMERICA COPPER BUSBAR MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 8: NORTH AMERICA COPPER BUSBAR MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: NORTH AMERICA COPPER BUSBAR MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 10: NORTH AMERICA COPPER BUSBAR MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: NORTH AMERICA COPPER BUSBAR MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 12: KEY PLAYERS OPERATING IN NORTH AMERICA COPPER BUSBAR MARKET

TABLE 13: LIST OF MERGERS & ACQUISITIONS

TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 15: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR NORTH AMERICA

FIGURE 4: MARKET CONCENTRATION ANALYSIS

FIGURE 5: VALUE CHAIN ANALYSIS 

FIGURE 6: KEY BUYING CRITERIA

FIGURE 7: NORTH AMERICA COPPER BUSBAR MARKET, GROWTH POTENTIAL, BY MATERIAL TYPE, IN 2023

FIGURE 8: NORTH AMERICA COPPER BUSBAR MARKET, BY ETP (ELECTROLYTIC TOUGH PITCH COPPER BUSBAR), 2024-2032 (IN $ MILLION)

FIGURE 9: NORTH AMERICA COPPER BUSBAR MARKET, BY OXYGEN-FREE COPPER (OF) BUSBARS, 2024-2032 (IN $ MILLION)

FIGURE 10: NORTH AMERICA COPPER BUSBAR MARKET, BY OTHER MATERIAL TYPES, 2024-2032 (IN $ MILLION)

FIGURE 11: NORTH AMERICA COPPER BUSBAR MARKET, GROWTH POTENTIAL, BY DEPLOYMENT, IN 2023

FIGURE 12: NORTH AMERICA COPPER BUSBAR MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)

FIGURE 13: NORTH AMERICA COPPER BUSBAR MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)

FIGURE 14: NORTH AMERICA COPPER BUSBAR MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)

FIGURE 15: NORTH AMERICA COPPER BUSBAR MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023

FIGURE 16: NORTH AMERICA COPPER BUSBAR MARKET, BY POWER DISTRIBUTION PANELS, 2024-2032 (IN $ MILLION)

FIGURE 17: NORTH AMERICA COPPER BUSBAR MARKET, BY SWITCHBOARDS, 2024-2032 (IN $ MILLION)

FIGURE 18: NORTH AMERICA COPPER BUSBAR MARKET, BY TRANSFORMERS, 2024-2032 (IN $ MILLION)

FIGURE 19: NORTH AMERICA COPPER BUSBAR MARKET, BY BUS DUCTS, 2024-2032 (IN $ MILLION)

FIGURE 20: NORTH AMERICA COPPER BUSBAR MARKET, BY HEAT SINKS, 2024-2032 (IN $ MILLION)

FIGURE 21: NORTH AMERICA COPPER BUSBAR MARKET, BY MOTORS & GENERATORS, 2024-2032 (IN $ MILLION)

FIGURE 22: NORTH AMERICA COPPER BUSBAR MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)

FIGURE 23: NORTH AMERICA COPPER BUSBAR MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023

FIGURE 24: NORTH AMERICA COPPER BUSBAR MARKET, BY ELECTRICAL UTILITIES, 2024-2032 (IN $ MILLION)

FIGURE 25: NORTH AMERICA COPPER BUSBAR MARKET, BY TELECOMMUNICATION, 2024-2032 (IN $ MILLION)

FIGURE 26: NORTH AMERICA COPPER BUSBAR MARKET, BY DATA CENTRES, 2024-2032 (IN $ MILLION)

FIGURE 27: NORTH AMERICA COPPER BUSBAR MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2024-2032 (IN $ MILLION)

FIGURE 28: NORTH AMERICA COPPER BUSBAR MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)

FIGURE 29: NORTH AMERICA COPPER BUSBAR MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 30: UNITED STATES COPPER BUSBAR MARKET, 2024-2032 (IN $ MILLION)

FIGURE 31: CANADA COPPER BUSBAR MARKET, 2024-2032 (IN $ MILLION)

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