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
Triton’s research analysis states that the copper busbar market in North America is expected to generate revenue at a CAGR of 7.56% during the forecast period 2024-2032.
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The market for copper busbars in North America is witnessing exponential growth given to the strategic initiatives in Canada and the US. In order to target the reduction of conventional energy sources, 10 large solar projects valued at more than $250 million are anticipated to commence this year in several parts of the region. Thus, the expansion of renewable energy projects, particularly wind and solar farms, necessitates reliable and high-conductivity materials like copper busbars for effective energy transmission. Additionally, with a $1.2 trillion investment for the years 2021-2030 to modernize aging infrastructure, the role of copper busbars is pivotal in the region’s urbanization plans.
The countries researched in this region include:
The United States holds the largest market share, achieving around $1657.35 million in 2023.
As per the US Energy Information Administration (EIA), the power grid comprises over 7,300 power plants, nearly 160,000 miles of high-voltage power lines, and distribution transformers, all serving 145 million customers nationwide.
As of March 2024, there are approximately 5380 data centers in the country that are bound to increase rapidly due to rising demand for data storage capacities in the coming years.
Driven by the need to enhance electrical infrastructure and expansion of power-intensive facilities, copper busbars are essential for efficient conductivity and distribution.
The market scope for copper busbars has, therefore, expanded significantly due to its diverse range of commercial applications, including shipbuilding and electricity conduction in both commercial and residential settings.
Copper Busbar Market Forecast for Canada
The news reports stated that in 2023, new vehicle registrations for battery, hybrid, and plug-in electric cars surpassed 320,237. In the same year, the federal government introduced new regulations for EVs as part of its goal to achieve only zero-emission vehicle sales by 2035. These regulations include incentives and fees for automakers to promote the sale of EVs and the construction of charging stations. Hence, the rising trend towards electrification in the automotive industry, with a surge in electric vehicle (EV) production, is boosting the demand for copper busbars in the country.
The market for copper busbar is categorized into type, deployment, application, and vertical. The deployment segment comprises industrial, commercial, and residential. Copper busbars are highly deployed in industrial settings due to their excellent conductivity, durability, and ability to handle high current loads, making them ideal for power distribution, electrical equipment, and renewable energy systems. By deploying copper busbars power modules used for inversion or conversion become more efficient as industries move towards greater transportation, mobility, and renewable energy electrification.
Contender Analysis in the Copper Busbar Market:
Aurubis AG is a producer and distributor of non-ferrous metals. It produces a wide range of copper and copper alloy products, including wire rods, rolled products, specialty wire, and strips. Its portfolio includes gold, iron silicate, silver, sulfuric acid, lead, tin, nickel, and minor metals. It has production sites in the US and production centers within European countries and the rest of the world. It is headquartered in Hamburg, Germany.
In April 2024, the company signed a long-term contract with Prysmian, a leading company in energy and telecom cable systems, has. Under this agreement, Aurubis will supply an increasing volume of copper wire rod annually to Prysmian’s European plants, supporting its current and future business operations.
The other important contenders in the copper busbar market are Aurubis AG, Eaton Corporation PLC, Siemens AG, Schneider Electric Se, ABB Ltd, Oriental Copper Ltd, Luvata, Rittal Gmbh & Co Kg, Gindre Duchavany SA, and Promet AG.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the copper busbar market revenue growth in North America and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the North America copper busbar market’s growth during the upcoming years
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VIEW REPORT1. NORTH
AMERICA 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
2.8. MARKET
CHALLENGES
2.8.1. FLUCTUATIONS
IN RAW MATERIAL PRICES
2.8.2. COMPETITION
FROM OTHER CHEAPER MATERIALS, SUCH AS ALUMINIUM BUSBARS
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. NORTH
AMERICA COPPER BUSBAR MARKET – BY TYPE
3.1. ETP
(ELECTROLYTIC TOUGH PITCH COPPER BUSBAR)
3.2. OXYGEN-FREE
COPPER BUSBARS
3.3. OTHER
TYPES
4. NORTH
AMERICA COPPER BUSBAR MARKET – BY DEPLOYMENT
4.1. INDUSTRIAL
4.2. COMMERCIAL
4.3. RESIDENTIAL
5. NORTH
AMERICA 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. NORTH
AMERICA 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. NORTH
AMERICA COPPER BUSBAR MARKET – BY COUNTRY OUTLOOK
7.1. NORTH
AMERICA
7.1.1. COUNTRY
ANALYSIS
7.1.1.1. UNITED
STATES
7.1.1.1.1. UNITED
STATES COPPER BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.2. CANADA
7.1.1.2.1. CANADA
COPPER BUSBAR MARKET FORECAST & PROSPECTS
8. COMPETITIVE
LANDSCAPE
8.1. EATON
CORPORATION PLC
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: NORTH AMERICA 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: NORTH AMERICA COPPER
BUSBAR MARKET, BY TYPE, 2024-2032 (IN $ MILLION)
TABLE 6: NORTH AMERICA COPPER
BUSBAR MARKET, BY DEPLOYMENT, 2024-2032 (IN $ MILLION)
TABLE 7: NORTH AMERICA COPPER
BUSBAR MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 8: NORTH AMERICA COPPER
BUSBAR MARKET, BY VERTICAL, 2024-2032 (IN $ MILLION)
TABLE 9: NORTH AMERICA 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: NORTH AMERICA COPPER
BUSBAR MARKET, BY TYPE, 2023 & 2032 (IN %)
FIGURE 5: NORTH AMERICA COPPER
BUSBAR MARKET, BY ETP (ELECTROLYTIC TOUGH PITCH COPPER BUSBAR), 2024-2032 (IN $
MILLION)
FIGURE 6: NORTH AMERICA COPPER
BUSBAR MARKET, BY OXYGEN-FREE COPPER BUSBARS, 2024-2032 (IN $ MILLION)
FIGURE 7: NORTH AMERICA COPPER
BUSBAR MARKET, BY OTHER TYPES, 2024-2032 (IN $ MILLION)
FIGURE 8: NORTH AMERICA COPPER
BUSBAR MARKET, BY DEPLOYMENT, 2023 & 2032 (IN %)
FIGURE 9: NORTH AMERICA COPPER
BUSBAR MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 10: NORTH AMERICA
COPPER BUSBAR MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)
FIGURE 11: NORTH AMERICA
COPPER BUSBAR MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)
FIGURE 12: NORTH AMERICA
COPPER BUSBAR MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 13: NORTH AMERICA
COPPER BUSBAR MARKET, BY POWER DISTRIBUTION PANELS, 2024-2032 (IN $ MILLION)
FIGURE 14: NORTH AMERICA
COPPER BUSBAR MARKET, BY SWITCHBOARDS, 2024-2032 (IN $ MILLION)
FIGURE 15: NORTH AMERICA
COPPER BUSBAR MARKET, BY TRANSFORMERS, 2024-2032 (IN $ MILLION)
FIGURE 16: NORTH AMERICA
COPPER BUSBAR MARKET, BY BUS DUCTS, 2024-2032 (IN $ MILLION)
FIGURE 17: NORTH AMERICA
COPPER BUSBAR MARKET, BY HEAT SINKS, 2024-2032 (IN $ MILLION)
FIGURE 18: NORTH AMERICA
COPPER BUSBAR MARKET, BY MOTORS & GENERATORS, 2024-2032 (IN $ MILLION)
FIGURE 19: NORTH AMERICA
COPPER BUSBAR MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)
FIGURE 20: NORTH AMERICA
COPPER BUSBAR MARKET, BY VERTICAL, 2023 & 2032 (IN %)
FIGURE 21: NORTH AMERICA
COPPER BUSBAR MARKET, BY ELECTRICAL UTILITIES, 2024-2032 (IN $ MILLION)
FIGURE 22: NORTH AMERICA
COPPER BUSBAR MARKET, BY TELECOMMUNICATION, 2024-2032 (IN $ MILLION)
FIGURE 23: NORTH AMERICA
COPPER BUSBAR MARKET, BY DATA CENTRES, 2024-2032 (IN $ MILLION)
FIGURE 24: NORTH AMERICA
COPPER BUSBAR MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2024-2032 (IN $
MILLION)
FIGURE 25: NORTH AMERICA
COPPER BUSBAR MARKET, BY OTHER VERTICALS, 2024-2032 (IN $ MILLION)
FIGURE 26: NORTH AMERICA
COPPER BUSBAR MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 27: UNITED STATES
COPPER BUSBAR MARKET 2024-2032 (IN $ MILLION)
FIGURE 28: CANADA COPPER
BUSBAR MARKET 2024-2032 (IN $ MILLION)