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UNITED STATES COPPER BUSBAR MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

United States 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)


MARKET OVERVIEW

The United States copper busbar market is projected to record a CAGR of 7.49% during the forecast period, 2024-2032, and is expected to garner a revenue of $xx million by 2032.

The copper busbar market growth in the United States is accredited to the initiatives taken to replace conventional power supply systems with energy-efficient technologies to minimize transmission losses. This is because conductor structural integrity technology breakthroughs must be made continuously for installations to be more straightforward and quicker, increase efficiency, and preserve the electrical flow. 

In the United States, copper busbars are widely used in railways, metros, universities, laboratories, hospitals, retail facilities, data centers, and factories. Also, there is increasing adoption of renewable energy sources for generating power, given the growing environmental concerns. In addition, power consumption is on the rise due to the rising requirements in different enterprises and industries. Besides, the growing storage facilities and warehouses in the US are escalating the demand for busbars with low power ratings. Moreover, the government is planning to upgrade the existing transmission and distribution (T&D) infrastructure.

United States Copper Busbar Market

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Furthermore, the growing awareness regarding the cost-effectiveness and energy efficiency of busbars is another major growth driver. Busbars minimize manufacturing and internal material handling costs by restricting assembly time. Also, automobile manufacturing companies are inclined to the usage of busbars over cables. In addition, busbars ease retrofitting due to the shifting loads and less space requirement, which has surged their preference in motor control center applications. 

The United States copper busbar market scope includes material type, deployment, end-user, and application. The application segment includes switchboards, motors & generators, heat sinks, bus ducts, transformers, power distribution panels, and other applications.

Power distribution systems using copper busbars offer efficient placements and simplify the bill of materials for the control panels. Also, the designers can reduce the total dimensions of the control panel with the removal of the connection wires and power distribution block. 

Further, industries are moving toward more electrification in mobility, transportation, and renewable energy. Therefore, busing the power into and out of the power inversion circuit becomes a key element that must be included in the overall system design for enhancing efficiency. Also, copper busbar technology entails a multi-layer composite structure connected with a platoon that can be considered similar to a power distribution system. 

In addition, the use of the laminated copper busbar approach offers well-structured, quick-to-install, easy-to-design, and modern power distribution systems compared to the traditional cumbersome and time-consuming wiring methods. Moreover, it is characterized by repeatable electrical performance, space-saving, good reliability, anti-interference, simple & quick assembly, and low impedance. 

With regard to switchboards, the key purpose of busbars is to conduct electrical current and are placed inside switchgear. Also, with control panels, it can be inconvenient to route line voltage and low voltage conductors in conformance with the National Electric Code. As a result, custom switchgear copper busbar systems can help meet line voltage switching and overcurrent protection requirements in control panels, thereby offering a reliable and clean installation. 

Some of the leading companies in the United States copper busbar market include Luvata, Eaton Corporation Plc, Aurubis AG, Siemens Aktiengesellschaft, etc.

Aurubis AG, a producer and distributor of non-ferrous metals, specializes in processing complex metal concentrates, scrap metals, and metal-bearing recycling materials into various metals. Among its offerings are copper cathodes and a wide array of copper and copper alloy products, including wire rod, shapes, rolled products, strip, and specialty wire. Additionally, its product portfolio encompasses gold, sulfuric acid, iron silicate, silver, lead, tin, nickel, minor metals like tellurium and selenium, and platinum group metals. With production centers located in Germany, Belgium, Bulgaria, Finland, and the Netherlands, as well as a production site in the US, Aurubis operates globally while maintaining its headquarters in Hamburg, Germany.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast Units

Revenue ($ Million)

Segments Analyzed
Application, End-User, Deployment, and Material Type
Countries AnalyzedThe United States
Companies AnalyzedABB Ltd, American Power Connection Systems Inc, Aurubis AG, Eaton Corporation Plc, Luvata, Rittal, Schneider Electric SE, Siemens Aktiengesellschaft
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS 
    4. SCOPE OF STUDY
    5. CRISIS SCENARIO ANALYSIS
    6. 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. PESTLE ANALYSIS
      1. POLITICAL
      2. ECONOMICAL
      3. SOCIAL
      4. TECHNOLOGICAL
      5. LEGAL
      6. ENVIRONMENTAL
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    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. 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. AURUBIS AG
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      4. EATON CORPORATION PLC 
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      5. LUVATA
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      6. RITTAL
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      7. SCHNEIDER ELECTRIC SE
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      8. SIEMENS AKTIENGESELLSCHAFT
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – COPPER BUSBAR

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

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

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

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

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

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

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

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

TABLE 10: LIST OF MERGERS & ACQUISITIONS

TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 12: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: VALUE CHAIN ANALYSIS 

FIGURE 4: KEY BUYING CRITERIA

FIGURE 5: UNITED STATES COPPER BUSBAR MARKET, GROWTH POTENTIAL, BY MATERIAL TYPE, IN 2023

FIGURE 6: UNITED STATES COPPER BUSBAR MARKET, BY ETP (ELECTROLYTIC TOUGH PITCH COPPER BUSBAR), 2024-2032 (IN $ MILLION)

FIGURE 7: UNITED STATES COPPER BUSBAR MARKET, BY OXYGEN-FREE COPPER (OF) BUSBARS, 2024-2032 (IN $ MILLION)

FIGURE 8: UNITED STATES COPPER BUSBAR MARKET, BY OTHER MATERIAL TYPES, 2024-2032 (IN $ MILLION)

FIGURE 9: UNITED STATES COPPER BUSBAR MARKET, GROWTH POTENTIAL, BY DEPLOYMENT, IN 2023

FIGURE 10: UNITED STATES COPPER BUSBAR MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)

FIGURE 11: UNITED STATES COPPER BUSBAR MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)

FIGURE 12: UNITED STATES COPPER BUSBAR MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)

FIGURE 13: UNITED STATES COPPER BUSBAR MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023

FIGURE 14: UNITED STATES COPPER BUSBAR MARKET, BY POWER DISTRIBUTION PANELS, 2024-2032 (IN $ MILLION)

FIGURE 15: UNITED STATES COPPER BUSBAR MARKET, BY SWITCHBOARDS, 2024-2032 (IN $ MILLION)

FIGURE 16: UNITED STATES COPPER BUSBAR MARKET, BY TRANSFORMERS, 2024-2032 (IN $ MILLION)

FIGURE 17: UNITED STATES COPPER BUSBAR MARKET, BY BUS DUCTS, 2024-2032 (IN $ MILLION)

FIGURE 18: UNITED STATES COPPER BUSBAR MARKET, BY HEAT SINKS, 2024-2032 (IN $ MILLION)

FIGURE 19: UNITED STATES COPPER BUSBAR MARKET, BY MOTORS & GENERATORS, 2024-2032 (IN $ MILLION)

FIGURE 20: UNITED STATES COPPER BUSBAR MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)

FIGURE 21: UNITED STATES COPPER BUSBAR MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023

FIGURE 22: UNITED STATES COPPER BUSBAR MARKET, BY ELECTRICAL UTILITIES, 2024-2032 (IN $ MILLION)

FIGURE 23: UNITED STATES COPPER BUSBAR MARKET, BY TELECOMMUNICATION, 2024-2032 (IN $ MILLION)

FIGURE 24: UNITED STATES COPPER BUSBAR MARKET, BY DATA CENTRES, 2024-2032 (IN $ MILLION)

FIGURE 25: UNITED STATES COPPER BUSBAR MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2024-2032 (IN $ MILLION)

FIGURE 26: UNITED STATES COPPER BUSBAR MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)

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