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
According to Triton’s analysis, the Europe copper busbar market is projected to rise at a CAGR of 7.02% in revenue over the forecast years 2024-2032.
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Europe is experiencing increasing penetration of electric vehicles in the automobile sector. ACEA’s Economic and Market Report stated that the sales of new battery-electric cars increased by 37%, achieving a market share of 14.6%. Additionally, the EU allocated $36 million to develop EV charging infrastructure in the Netherlands. Thus, growing demand for electric cars and ongoing R&D in this field is expected to boost electricity consumption, subsequently driving up the demand for copper busbars in European countries.
The countries explored in this region include:Â
Germany secures a major market share with revenue of approximately $329.83 million in 2023.Â
As per the Federal Motor Transport Authority, the number of electric cars in Germany increased by 39.1% over the past year, totaling 1,408,681 as of January 1, 2024. EVs use around 80-100 kg of copper in the form of busbars. Due to their excellent conductivity and reliability copper busbar accessories are also vital in charging stations.Â
A BDEW survey also stated that the country has an ambitious target of achieving 80% of its electricity consumption from renewable energies by 2050. Copper busbars are essential in transformers and switchgear for integrating renewable energy into the grid.Â
Hence, a rising surge in electric vehicles and the push for renewable energy in Germany are significantly driving the demand for copper busbars.
Copper Busbar Market Forecast for the United Kingdom
As per the GOV.UK, there were 32.9 million smart meters installed in domestic properties across Great Britain by the end of 2023, operating across businesses and homes by small and large energy suppliers. Due to their superior resistance and heat absorption capabilities, copper busbars are well-suited for complex electrical systems handling high-voltage energy. The country is now researching smart grids using real-time simulation techniques and computational analysis. This research leverages advanced, scalable tools and infrastructure, including cloud computing platforms, to achieve high computational speeds. Such projects are expected to influence the progress of the copper busbar market in the UK.Â
The copper busbar market is segmented based on application, vertical, type, and deployment. The vertical segment comprises electric utilities, automotive & transportation, telecommunication, data centers, and other verticals. Copper busbar systems are employed to distribute electrical power in machinery, controls, and switchgear, offering superior performance over traditional cables or wire conductors, particularly under high current loads. The electrical copper bar products produced can be used in electrical engineering, power distribution cabinets, electrochemical plating, etc.
Contender Analysis in the Copper Busbar Market:
Luvata, headquartered in Finland, specializes in manufacturing processed copper products. The company’s diverse portfolio includes welding electrodes for the automotive sector, superconducting wires and cables for medical devices, photovoltaic ribbons, cooling jackets, and other processed copper products. Luvata operates through 14 facilities and support offices across nine countries in North and South America, Europe, and Asia.
Recently, Luvata acquired Dawson Shanahan, a UK-based precision engineering and specialist copper fabricator. This acquisition aims to meet the increasing demand for highly engineered copper components used in EVs in Europe.
Other contenders in the studied market are Eaton Corporation PLC, Oriental Copper Ltd, Luvata, Rittal Gmbh & Co Kg, Gindre Duchavany SA, Siemens AG, Schneider Electric Se, Aurubis AG, ABB Ltd, 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 Europe 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 Europe copper busbar market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. EUROPE
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. EUROPE
COPPER BUSBAR MARKET – BY TYPE
3.1. ETP
(ELECTROLYTIC TOUGH PITCH COPPER BUSBAR)
3.2. OXYGEN-FREE
COPPER BUSBARS
3.3. OTHER
TYPES
4. EUROPE
COPPER BUSBAR MARKET – BY DEPLOYMENT
4.1. INDUSTRIAL
4.2. COMMERCIAL
4.3. RESIDENTIAL
5. EUROPE
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. EUROPE
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. EUROPE
COPPER BUSBAR MARKET – BY COUNTRY OUTLOOK
7.1. EUROPE
7.1.1. COUNTRY
ANALYSIS
7.1.1.1. UNITED
KINGDOM
7.1.1.1.1. UNITED
KINGDOM COPPER BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.2. GERMANY
7.1.1.2.1. GERMANY
COPPER BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.3. FRANCE
7.1.1.3.1. FRANCE
COPPER BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.4. ITALY
7.1.1.4.1. ITALY COPPER
BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.5. SPAIN
7.1.1.5.1. SPAIN COPPER
BUSBAR MARKET FORECAST & PROSPECTS
7.1.1.6. REST
OF EUROPE
7.1.1.6.1. REST
OF EUROPE 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: EUROPE 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: EUROPE COPPER BUSBAR
MARKET, BY TYPE, 2024-2032 (IN $ MILLION)
TABLE 6: EUROPE COPPER BUSBAR
MARKET, BY DEPLOYMENT, 2024-2032 (IN $ MILLION)
TABLE 7: EUROPE COPPER BUSBAR
MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 8: EUROPE COPPER BUSBAR
MARKET, BY VERTICAL, 2024-2032 (IN $ MILLION)
TABLE 9: EUROPE 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: EUROPE COPPER BUSBAR
MARKET, BY TYPE, 2023 & 2032 (IN %)
FIGURE 5: EUROPE COPPER BUSBAR
MARKET, BY ETP (ELECTROLYTIC TOUGH PITCH COPPER BUSBAR), 2024-2032 (IN $
MILLION)
FIGURE 6: EUROPE COPPER BUSBAR
MARKET, BY OXYGEN-FREE COPPER BUSBARS, 2024-2032 (IN $ MILLION)
FIGURE 7: EUROPE COPPER BUSBAR
MARKET, BY OTHER TYPES, 2024-2032 (IN $ MILLION)
FIGURE 8: EUROPE COPPER BUSBAR
MARKET, BY DEPLOYMENT, 2023 & 2032 (IN %)
FIGURE 9: EUROPE COPPER BUSBAR
MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 10: EUROPE COPPER
BUSBAR MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)
FIGURE 11: EUROPE COPPER
BUSBAR MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)
FIGURE 12: EUROPE COPPER
BUSBAR MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 13: EUROPE COPPER
BUSBAR MARKET, BY POWER DISTRIBUTION PANELS, 2024-2032 (IN $ MILLION)
FIGURE 14: EUROPE COPPER
BUSBAR MARKET, BY SWITCHBOARDS, 2024-2032 (IN $ MILLION)
FIGURE 15: EUROPE COPPER
BUSBAR MARKET, BY TRANSFORMERS, 2024-2032 (IN $ MILLION)
FIGURE 16: EUROPE COPPER
BUSBAR MARKET, BY BUS DUCTS, 2024-2032 (IN $ MILLION)
FIGURE 17: EUROPE COPPER
BUSBAR MARKET, BY HEAT SINKS, 2024-2032 (IN $ MILLION)
FIGURE 18: EUROPE COPPER
BUSBAR MARKET, BY MOTORS & GENERATORS, 2024-2032 (IN $ MILLION)
FIGURE 19: EUROPE COPPER
BUSBAR MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)
FIGURE 20: EUROPE COPPER
BUSBAR MARKET, BY VERTICAL, 2023 & 2032 (IN %)
FIGURE 21: EUROPE COPPER
BUSBAR MARKET, BY ELECTRICAL UTILITIES, 2024-2032 (IN $ MILLION)
FIGURE 22: EUROPE COPPER
BUSBAR MARKET, BY TELECOMMUNICATION, 2024-2032 (IN $ MILLION)
FIGURE 23: EUROPE COPPER
BUSBAR MARKET, BY DATA CENTRES, 2024-2032 (IN $ MILLION)
FIGURE 24: EUROPE COPPER
BUSBAR MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2024-2032 (IN $ MILLION)
FIGURE 25: EUROPE COPPER
BUSBAR MARKET, BY OTHER VERTICALS, 2024-2032 (IN $ MILLION)
FIGURE 26: EUROPE COPPER
BUSBAR MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 27: UNITED KINGDOM
COPPER BUSBAR MARKET 2024-2032 (IN $ MILLION)
FIGURE 28: GERMANY COPPER
BUSBAR MARKET 2024-2032 (IN $ MILLION)
FIGURE 29: FRANCE COPPER
BUSBAR MARKET 2024-2032 (IN $ MILLION)
FIGURE 30: ITALY COPPER BUSBAR
MARKET 2024-2032 (IN $ MILLION)
FIGURE 31: SPAIN COPPER BUSBAR
MARKET 2024-2032 (IN $ MILLION)
FIGURE 32: REST OF EUROPE
COPPER BUSBAR MARKET 2024-2032 (IN $ MILLION)