Market by Type (ETP (Electrolytic Tough Pitch Copper Busbar) Oxygen-Free Copper busbars, Other Types) Deployment (Industrial, Commercial, Residential) Application (Power distribution panels, Switchboards, Transformers, Bus ducts, Heat sinks, Motors & generators, Other Applications) Vertical (Electrical utilities, Telecommunication, Data centers, Automotive & Transportation, Other Verticals) and Country Outlook | Forecast 2024-2032
As per Triton’s research report, the Asia-Pacific Copper Busbar market is estimated to progress in terms of revenue at a CAGR of 6.79% during the forecast period 2024-2032.
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The key drivers of growth in the APAC copper busbar market include grid modernization, supply-demand gap reduction efforts, cellular technologies, a shift towards hybrid electric vehicles (HEVs), and the transition to renewable energy sources. Several countries like India, South Korea, Japan, and the rest of the Asia-Pacific region are all contributing to this growth through investments in advanced technologies, solar panels, and silicon carbide applications, which influence the demand for copper busbars.Â
The countries analyzed in this region include:Â
China leads with a major market share,
recording nearly $2822.53 million in 2023.
●      China’s leadership in the copper busbar market is driven by infrastructure development, rising electricity demand, and the adoption of advanced technologies.
●      Scio.gov also reported that the country’s power consumption reached 4.3 trillion kilowatt-hours, and the power consumption by primary industries increased by 12.1% within the first half of 2023.
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As per IEA, China’s
electricity demand in 2023 increased by 6.4%, fueled by growth in the services
and industrial sectors. With investments in grid modernization, addressing the
supply-demand gap of electricity has led to increased demand for copper busbars
in power distribution systems.Â
Copper Busbar Market Forecast for Japan & South KoreaÂ
Advancements and funding in the automotive & transportation, and energy sectors influence the copper busbar market in Japan. Additionally, the country has a strong presence in HEVs, where they combine internal combustion engines with electric propulsion and rely on copper components for energy management. As per the news reports, in 2023, the sales of standard-size electric vehicles reached 43,991 units, while 44,544 electric versions of Japan’s signature lightweight kei minicars were sold. Hybrid cars dominated the market for standard-size passenger vehicles, with 1.5 million units sold. As the nation’s automotive industry evolves, copper busbars find applications in electric power steering, regenerative braking systems, and other critical components.
Similarly, in South Korea, an extended investment of $296 million was allocated for fuel cell vehicles and the development of hydrogen refueling stations with a goal to boost the number of electric battery vehicles on the roads by 71,000 and fuel cell vehicles by 10,000. Such initiatives are expected to significantly drive the demand for copper busbars during the forecast period.
The copper busbar market is segmented by type, vertical, deployment, and application. Based on type, it is further classified into oxygen-free copper (OFC), ETP (Electrolytic Tough Pitch Copper Busbar), and other types. Copper undergoes melting and mixing with carbon and carbonaceous gases to produce oxygen-free copper. It has a purity level of 99.99% with an oxygen concentration as low as 0.0005%. The increasing construction activities in emerging markets such as India, Thailand, and Indonesia, characterized by extensive infrastructure development, are expected to drive significant demand for OFC.
Contender Analysis in the Copper Busbar Market:
Gindre Duchavany SA is a France-based copper developer that specializes in manufacturing copper conductors, including flat, round, square, and hexagonal copper bars, as well as extruded copper shapes, flexible insulated copper busbars, and copper components. The company has globalized its production and services while centralizing administrative and accounting procedures to reduce costs and streamline supplies.Â
The company adheres to UL and ISO standards, as well as RoHS and REACH regulations. It provides flat copper bars, maxiflex insulated flexible copper bars, flexible insulated busbars, etc. Its design team develops optimal processes and tools tailored for producing both standard and specialized copper components to match specific technical requirements.Â
Other key contenders in the market include Aurubis AG, Rittal Gmbh & Co Kg, Gindre Duchavany SA, Eaton Corporation PLC, Oriental Copper Ltd, Luvata, Siemens AG, Schneider Electric Se, ABB Ltd, and Promet AG.
KEY DELIVERABLES OF THE REPORT:
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Market CAGR during the forecasting years 2024-2032
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Detailed data highlighting key insights, industry components,
and market strategies
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Comprehensive information and estimation of the copper busbar market revenue growth in Asia-Pacific and its influence on the parent market
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In-depth study of forthcoming trends in consumer behavioral
patterns
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A meticulous analysis of the competitive landscape and
Porter’s Five Forces
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A wide-ranging study of factors that will challenge the Asia-Pacific copper busbar market’s
growth during the upcoming years
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VIEW REPORT1. ASIA-PACIFIC
COPPER BUSBAR MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE COPPER BUSBAR MARKET
2.1.1. COVID-19
IMPACT ON THE COPPER BUSBAR MARKET
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. KEY BUYING
IMPACT ANALYSIS
2.3.1. COST
EFFECTIVENESS
2.3.2. APPLICATION
2.3.3. EFFICIENCY
2.3.4. RELIABILITY
2.4. SUPPLY
CHAIN ANALYSIS
2.4.1. MINING
AND REFINING
2.4.2. MANUFACTURING
2.4.3. DISTRIBUTION
AND SALES
2.4.4. END-USE
AND APPLICATION
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. KEY
MARKET STRATEGIES
2.6.1. COLLABORATIONS
2.6.2. PRODUCT
LAUNCHES
2.6.3. INVESTMENTS
& EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. INVESTMENTS
IN TRANSMISSION & DISTRIBUTION INFRASTRUCTURE
2.7.2. GROWTH
OF CONSTRUCTION ACTIVITIES
2.7.3. RISING
UTILITY IN INDUSTRIAL, ELECTRICAL, AND URBANIZATION PURPOSES Â
2.8. MARKET
CHALLENGES
2.8.1. FLUCTUATIONS
IN RAW MATERIAL PRICES
2.8.2. COMPETITION
FROM OTHER CHEAPER MATERIALS, SUCH AS ALUMINIUM BUSBARSÂ Â Â Â Â Â Â
2.9. MARKET
OPPORTUNITIES
2.9.1. COPPER
BUSBAR PROVIDES LONGER LIFESPAN
2.9.2. EMERGING
SWITCHGEAR AND ENERGY & POWER MARKETS
2.10. ANALYST
PERSPECTIVE
3. ASIA-PACIFIC
COPPER BUSBAR MARKET – BY TYPE
3.1. ETP
(ELECTROLYTIC TOUGH PITCH COPPER BUSBAR)
3.2. OXYGEN-FREE
COPPER BUSBARS
3.3. OTHER
TYPES
4. ASIA-PACIFIC
COPPER BUSBAR MARKET – BY DEPLOYMENT
4.1. INDUSTRIAL
4.2. COMMERCIAL
4.3. RESIDENTIAL
5. ASIA-PACIFIC
COPPER BUSBAR MARKET – BY APPLICATION
5.1. POWER
DISTRIBUTION PANELS
5.2. SWITCHBOARDS
5.3. TRANSFORMERS
5.4. BUS
DUCTS
5.5. HEAT
SINKS
5.6. MOTORS
& GENERATORS
5.7. OTHER
APPLICATIONS
6. ASIA-PACIFIC
COPPER BUSBAR MARKET – BY VERTICAL
6.1. ELECTRICAL
UTILITIES
6.2. TELECOMMUNICATION
6.3. DATA
CENTRES
6.4. AUTOMOTIVE
& TRANSPORTATION
6.5. OTHER VERTICALS
7. ASIA-PACIFIC
COPPER BUSBAR MARKET – BY COUNTRY OUTLOOK
7.1. ASIA-PACIFIC
7.1.1. COUNTRY
ANALYSIS
7.1.1.1. CHINA
7.1.1.1.1. CHINA COPPER
BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.2. JAPAN
7.1.1.2.1. JAPAN COPPER
BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.3. INDIA
7.1.1.3.1. INDIA COPPER
BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.4. SOUTH
KOREA
7.1.1.4.1. SOUTH
KOREA COPPER BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.5. ASEAN
COUNTRIES
7.1.1.5.1. ASEAN
COUNTRIES COPPER BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.6. AUSTRALIA
& NEW ZEALAND
7.1.1.6.1. AUSTRALIA
& NEW ZEALAND COPPER BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.7. REST
OF ASIA-PACIFIC
7.1.1.7.1. REST
OF ASIA-PACIFIC COPPER BUSBAR MARKET FORECAST & PROSPECTS
8. COMPETITIVE
LANDSCAPE
8.1. EATON
CORPORATION PLCÂ Â Â
8.1.1. OVERVIEW
8.1.2. PRODUCT
PORTFOLIO
8.1.3. KEY
STRENGTH
8.1.4. KEY
CHALLENGE
8.2. SIEMENS
AG
8.2.1. OVERVIEW
8.2.2. PRODUCT
PORTFOLIO
8.2.3. KEY
STRENGTH
8.2.4. KEY
CHALLENGE
8.3. SCHNEIDER
ELECTRIC SE
8.3.1. OVERVIEW
8.3.2. PRODUCT
PORTFOLIO
8.3.3. KEY
STRENGTHS
8.3.4. KEY
CHALLENGES
8.4. ABB
LTD
8.4.1. OVERVIEW
8.4.2. PRODUCT
PORTFOLIO
8.4.3. KEY
STRENGTH
8.4.4. KEY
CHALLENGE
8.5. ORIENTAL
COPPER LTD
8.5.1. OVERVIEW
8.5.2. PRODUCT
PORTFOLIO
8.5.3. KEY
STRENGTH
8.5.4. KEY
CHALLENGES
8.6. LUVATA
8.6.1. OVERVIEW
8.6.2. PRODUCT
PORTFOLIO
8.6.3. KEY
STRENGTH
8.6.4. KEY
CHALLENGE
8.7. RITTAL
GMBH & CO KG
8.7.1. OVERVIEW
8.7.2. PRODUCT
PORTFOLIO
8.7.3. KEY
STRENGTH
8.7.4. KEY
CHALLENGES
8.8. AURUBIS
AG
8.8.1. OVERVIEW
8.8.2. PRODUCT
PORTFOLIO
8.8.3. KEY
STRENGTH
8.8.4. KEY
CHALLENGE
8.9. GINDRE
DUCHAVANY SA
8.9.1. OVERVIEW
8.9.2. PRODUCT
PORTFOLIO
8.9.3. KEY STRENGTHS
8.9.4. KEY
CHALLENGE
8.10. PROMET
AG
8.10.1. OVERVIEW
8.10.2. PRODUCT
PORTFOLIO
8.10.3. KEY
STRENGTH
8.10.4. KEY
CHALLENGE
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
TABLE 2: LIST OF
COLLABORATIONS
TABLE 3: LIST OF PRODUCT
LAUNCHES
TABLE 4: LIST OF INVESTMENTS
& EXPANSIONS
TABLE 5: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY TYPE, 2024-2032 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY DEPLOYMENT, 2024-2032 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY VERTICAL, 2024-2032 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
FIGURE 1: KEY BUYING IMPACT
ANALYSIS
FIGURE 2: SUPPLY CHAIN
ANALYSIS
FIGURE 3: MARKET
ATTRACTIVENESS INDEX
FIGURE 4: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY TYPE, 2023 & 2032 (IN %)
FIGURE 5: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY ETP (ELECTROLYTIC TOUGH PITCH COPPER BUSBAR), 2024-2032 (IN $
MILLION)
FIGURE 6: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY OXYGEN-FREE COPPER BUSBARS, 2024-2032 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY OTHER TYPES, 2024-2032 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY DEPLOYMENT, 2023 & 2032 (IN %)
FIGURE 9: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 13: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY POWER DISTRIBUTION PANELS, 2024-2032 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY SWITCHBOARDS, 2024-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY TRANSFORMERS, 2024-2032 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY BUS DUCTS, 2024-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY HEAT SINKS, 2024-2032 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY MOTORS & GENERATORS, 2024-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY VERTICAL, 2023 & 2032 (IN %)
FIGURE 21: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY ELECTRICAL UTILITIES, 2024-2032 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY TELECOMMUNICATION, 2024-2032 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY DATA CENTRES, 2024-2032 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2024-2032 (IN $ MILLION)
FIGURE 25: ASIA-PACIFIC COPPER
BUSBAR MARKET, BY OTHER VERTICALS, 2024-2032 (IN $ MILLION)
FIGURE 26: ASIA-PACIFIC COPPER
BUSBAR MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 27: CHINA COPPER BUSBAR
MARKET 2024-2032 (IN $ MILLION)
FIGURE 28: JAPAN COPPER BUSBAR
MARKET 2024-2032 (IN $ MILLION)
FIGURE 29: INDIA COPPER BUSBAR
MARKET 2024-2032 (IN $ MILLION)
FIGURE 30: SOUTH KOREA COPPER
BUSBAR MARKET 2024-2032 (IN $ MILLION)
FIGURE 31: ASEAN COUNTRIES
COPPER BUSBAR MARKET 2024-2032 (IN $ MILLION)
FIGURE 32: AUSTRALIA & NEW
ZEALAND COPPER BUSBAR MARKET 2024-2032 (IN $ MILLION)
FIGURE 33: REST OF
ASIA-PACIFIC COPPER BUSBAR MARKET 2024-2032 (IN $ MILLION)