Global Busbar Market size was valued at USD 18.33 Bn. in 2023 and is expected to reach USD 25.65 Bn. by 2030, at a CAGR of 4.92%.
The busbar, a conductive strip made of aluminum or copper, is a crucial component in electrical distribution systems, providing efficient power management across various industries. The busbar market encompasses the production and distribution of these components, essential for modern electrical infrastructure.