Market Forecast By Insulation (Air And Sandwich), By Power Range (Lighting Power Range, Low Power Range, Medium Power Range And High Power Range), By Conductor (Copper And Aluminium), By Applications (Commercial, Industrial, Residential, Transportation And Others Including Power Utilities, Argo-Industries, And Civil Buildings) And Competitive Landscape
Product Code: ETC150361 | Publication Date: Jan 2025 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 14 | No. of Tables: 4 | |
Report Name | Canada Bus Duct Trunking System Market |
CAGR | 7.5% |
Growing Sector | Residential |
Forecast Period | 2025-2031 |
The Canada Bus Duct Trunking System Market report thoroughly covers the market by insulation, by power range, by conductor, and by application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Canada bus duct trunking system market is experiencing notable growth, primarily driven by increased urbanization and industrialization across the country. Bus duct systems are becoming a preferred solution in commercial and industrial applications for efficient power distribution. They offer several advantages such as reduced installation time, flexibility in design, and improved safety, which enhance their adoption over traditional cabling methods. With the rise in infrastructure development projects and the focus on sustainable energy solutions, the demand for reliable and efficient power distribution systems continues to rise, thereby propelling the growth of the bus duct trunking market in Canada. The market is characterized by the presence of both domestic and international players, providing innovative solutions to cater to the evolving needs of various end-user industries.
According to 6Wresearch, Canada Bus Duct Trunking System Market size is projected to witness a CAGR of 7.5% during the forecast period of 2025-2031. the increasing demand for efficient power distribution systems in industrial and commercial buildings. As urbanization continues to rise, there is an enhanced focus on energy efficiency and the reduction of carbon footprints, resulting in a greater adoption of compact and efficient bus duct systems. Additionally, technological advancements in bus duct products, such as improved safety features and easier installation processes, are further propelling market expansion.
The high initial cost associated with the installation of bus duct systems can deter potential users, especially small and medium-sized enterprises. There is also a need for regular maintenance and inspection to ensure system reliability and safety, which can lead to increased operational costs. Furthermore, competition from alternative power distribution methods, such as traditional cabling systems, poses a challenge as these alternatives might be more familiar or cheaper initially, despite their drawbacks in terms of efficiency and space utilization.
The Canada bus duct trunking system market is shaped by several leading players who are driving innovation and competition within the industry. Prominent companies such as Schneider Electric, Siemens AG, and ABB Ltd. have established themselves as frontrunners, owing to their extensive experience and comprehensive product portfolios. These companies are involved in advancing the technology of bus duct systems, focusing on enhancing efficiency, safety, and reliability, which are crucial for industrial and commercial applications. Furthermore, Eaton Corporation and Legrand are also notable contributors, offering diverse solutions that cater to the increasing demand for energy-efficient and flexible power distribution systems. Collectively, these market leaders are shaping the future of bus duct systems in Canada by investing in research and development to meet evolving consumer needs and regulatory requirements.
The Canadian government has introduced several initiatives to boost the adoption and development of bus duct trunking systems across the country. These systems are crucial for efficient power distribution in various sectors, including industrial, commercial, and infrastructural projects. By encouraging sustainable energy solutions and modernizing infrastructure, the government aims to enhance energy efficiency and reduce emissions. Incentives such as tax benefits and financial grants are offered to companies investing in advanced trunking systems. Furthermore, updated building codes and regulations are being implemented to ensure that new constructions integrate energy-efficient technologies, fostering a favorable environment for the expansion of the bus duct trunking system market.
The future of the Canada Bus Duct Trunking System Market looks promising, driven by several key factors. With a rising demand for energy-efficient and space-saving power distribution systems, the market is expected to experience robust growth. Advancements in smart technologies and the integration of IoT within electrical systems are set to revolutionize the industry, allowing for enhanced monitoring and improved energy management. Furthermore, the increasing investment in renewable energy projects across Canada will likely spur demand for bus duct trunking systems, which are essential for distributing power efficiently in large facilities. As regulatory standards continue to emphasize sustainability, manufacturers are anticipated to innovate with new materials and designs that meet both efficiency and environmental guidelines.
According to Ravi Bhandari, Research Head, 6Wresearch, the air type bus duct trunking system in the Canadian market offers a robust and efficient solution for power distribution in both industrial and commercial settings. This system is renowned for its ease of installation, flexibility, and reliable performance. Unlike traditional cabling systems, the air type bus duct utilizes metal-enclosed designs that provide excellent electrical conductivity and safety. The market in Canada is experiencing growth due to the increasing demand for efficient power distribution solutions, driven by the expansion of infrastructure projects and modernization of existing facilities.
In the medium power range, the bus duct trunking system market in Canada showcases a diverse array of applications across various sectors. This range is particularly significant for both new installations and retrofits in settings such as manufacturing plants, commercial buildings, and data centers. The medium power range offers optimal efficiency and power management capabilities, catering effectively to the energy demands of mid-sized operations. Canadian industries favor these systems for their balance of cost-effectiveness, performance, and scalability, making them a popular choice.
Copper plays an essential role in the Canada Bus Duct Trunking System Market, largely due to its superior electrical conductivity and durability. This metal is predominantly used within conductors in bus duct systems, ensuring efficient power transmission with minimal energy loss. The Canadian market places a strong emphasis on incorporating high-quality materials like copper, given the country's stringent standards for energy efficiency and system reliability. Additionally, copper’s inherent resistance to corrosion enhances the longevity and performance of bus duct systems, making it a preferred choice in both demanding industrial environments and commercial applications.
The industrial sector within the Canada Bus Duct Trunking System Market is experiencing robust growth as industries continue to evolve towards smarter and more efficient energy solutions. The demand for bus duct systems in industrial applications is being driven by the need for reliable power distribution networks that can support heavy machinery and large-scale manufacturing processes. Bus duct systems have become integral in industries such as automotive manufacturing, food processing, and pulp and paper production, where they facilitate the seamless transfer of electricity throughout large facilities. These systems offer flexibility in design and scalability, allowing for easy expansion as industrial operations grow or change. Moreover, the emphasis on sustainability and reducing energy waste further propels the adoption of advanced bus duct solutions, as they help minimize transmission losses and optimize operational efficiency.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Canada Bus Duct Trunking System Market Overview |
3.1. Canada Bus Duct Trunking System Market Revenues, 2021-2031F |
3.2. Canada Bus Duct Trunking System Market - Industry Life Cycle, 2021 |
3.3. Canada Bus Duct Trunking System Market - Porter’s Five Forces |
3.4. Canada Bus Duct Trunking System Market Value Chain & Ecosystem |
3.5. Canada Bus Duct Trunking System Market Revenue Share, By Insulation, 2021 & 2031F |
3.6. Canada Bus Duct Trunking System Market Revenue Share, By Power Rating, 2021 & 2031F |
3.7. Canada Bus Duct Trunking System Market Revenue Share, By Conductor, 2021 & 2031F |
3.8. Canada Bus Duct Trunking System Market Revenue Share, By Application, 2021 & 2031F |
3.9. Canada Bus Duct Trunking System Market Revenue Share, By Region, 2021 & 2031F |
4. Canada Bus Duct Trunking System Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Canada Bus Duct Trunking System Market Trends |
6. Canada Bus Duct Trunking System Market Overview, By Insulation |
6.1. Canada Bus Duct Trunking System Market Revenues, By Air Insulation, 2021-2031F |
6.2. Canada Bus Duct Trunking System Market Revenues, By Sandwich insulation, 2021-2031F |
7. Canada Bus Duct Trunking System Market Overview, By Power Rating |
7.1. Canada Bus Duct Trunking System Market Revenues, By Lighting Power Range, 2021-2031F |
7.2. Canada Bus Duct Trunking System Market Revenues, By Low Power Range, 2021-2031F |
7.3. Canada Bus Duct Trunking System Market Revenues, By Medium Power Range, 2021-2031F |
7.4. Canada Bus Duct Trunking System Market Revenues, By High Power Range, 2021-2031F |
8. Canada Bus Duct Trunking System Market Overview, By Conductor |
8.1. Canada Bus Duct Trunking System Market Revenues, By Copper, 2021-2031F |
8.2. Canada Bus Duct Trunking System Market Revenues, By Aluminium, 2021-2031F |
9. Canada Bus Duct Trunking System Market Overview, By Application |
9.1. Canada Bus Duct Trunking System Market Revenues, By Commercial Application, 2021-2031F |
9.2. Canada Bus Duct Trunking System Market Revenues, By Industrial Application, 2021-2031F |
9.3. Canada Bus Duct Trunking System Market Revenues, By Residential Application, 2021-2031F |
9.4. Canada Bus Duct Trunking System Market Revenues, By Transportation Application, 2021-2031F |
9.5. Canada Bus Duct Trunking System Market Revenues, By Other Applications, 2021-2031F |
10. Canada Bus Duct Trunking System Market Overview, By Region |
10.1. Canada Bus Duct Trunking System Market Revenues, By Northern Region, 2021-2031F |
10.2. Canada Bus Duct Trunking System Market Revenues, By Southern Region, 2021-2031F |
10.3. Canada Bus Duct Trunking System Market Revenues, By Eastern Region, 2021-2031F |
10.4. Canada Bus Duct Trunking System Market Revenues, By Western Region, 2021-2031F |
11. Canada Bus Duct Trunking System Market - Government Standards, Certifications, and Regulations |
12. Canada Bus Duct Trunking System Market - Identification of Test Facilities / Certifying Bodies in Canada |
13. Canada Bus Duct Trunking System Market - Manufacturing Analysis |
14. Canada Bus Duct Trunking System Market - Key Performance Indicators |
15. Canada Bus Duct Trunking System Market - Opportunity Assessment |
15.1. Canada Bus Duct Trunking System Market Opportunity Assessment, By Conductor, 2031F |
15.2. Canada Bus Duct Trunking System Market Opportunity Assessment, By Application, 2031F |
15.3. Canada Bus Duct Trunking System Market Opportunity Assessment, By Region, 2031F |
16. Canada Bus Duct Trunking System Market Competitive Landscape |
16.1. Canada Bus Duct Trunking System Market Revenue Share, By Company, 2024 |
16.2. Canada Bus Duct Trunking System Market Competitive Benchmarking, By Operating Parameters |
17. Company Profiles |
18. Key Strategic Recommendations |
19. Disclaimer |
List of Figures |
Figure 1. Canada Bus Duct Trunking System Market Revenues, 2021-2031F ($ Million) |
Figure 2. Canada Bus Duct Trunking System Market - Industry Life Cycle, 2021 |
Figure 3. Canada Bus Duct Trunking System Market Revenue Share, By Insulation, 2021 & 2031F |
Figure 4. Canada Bus Duct Trunking System Market Revenue Share, By Power Range, 2021 & 2031F |
Figure 5. Canada Bus Duct Trunking System Market Revenue Share, By Conductor, 2021 & 2031F |
Figure 6. Canada Bus Duct Trunking System Market Revenue Share, By Application, 2021 & 2031F |
Figure 7. Canada Bus Duct Trunking System Market Revenue Share, By Region, 2021 & 2031F |
Figure 8. Canada Upcoming Mall Supply, 2021-2020E (Million sq.ft.) |
Figure 9. Canada Healthcare Spending as a Percentage of GDP, 2021 - 2031F |
Figure 10. Canada Projected Infrastructure Investment in Railways, 2021 - 2031 (INR Thousand Crore) |
Figure 11. Canada Planned Metro Network Expansion - New Lines (km) |
Figure 12. Canada Infrastructure Investment Forecast, 2021-2031 (INR Lakh Crore) |
Figure 13. Canada Sector-wise Infrastructure Investment Forecast, 2021-2031 (INR Lakh Crore) |
Figure 14. International Copper Prices, 2021 ($/metric ton) |
Figure 15. Canada Bus Duct Trunking System Market Revenues, By Commercial Application, 2021-2031F ($ Million) |
Figure 16. Canada Bus Duct Trunking System Market Revenues, By Industrial Application, 2021-2031F ($ Million) |
Figure 17. Canada Bus Duct Trunking System Market Revenues, By Residential Application, 2021-2031F ($ Million) |
Figure 18. Canada Bus Duct Trunking System Market Revenues, By Transportation Application, 2021-2031F ($ Million) |
Figure 19. Canada Bus Duct Trunking System Market Revenues, By Other Application, 2021-2031F ($ Million) |
Figure 20. Canada Bus Duct Trunking System Market Revenues, By Northern Region, 2021-2031F ($ Million) |
Figure 21. Canada Bus Duct Trunking System Market Revenues, By Southern Region, 2021-2031F ($ Million) |
Figure 22. Canada Bus Duct Trunking System Market Revenues, By Eastern Region, 2021-2031F ($ Million) |
Figure 23. Canada Bus Duct Trunking System Market Revenues, By Western Region, 2021-2031F ($ Million) |
Figure 24. Canada Actual Government Spending Vs Actual Government Revenues, 2021-2031F (INR Trillion) |
Figure 25. Canada New Office Supply in Major Canada Cities, 2021–2031E (Million sq. ft.) |
Figure 26. Canada Organized Retail Space Completions, 2021-2031E (Million Sq. Ft.) |
Figure 27. Canada Foreign Tourist Arrivals, 2021 – 2031 (Lakhs) |
Figure 28. Canada Travel & Tourism Total Contribution to Canada’s GDP, 2021-2031F (INR Billion) |
Figure 29. Growth of Hotel Rooms Supply in Canada, FY2021 & FY2031F (No. of Rooms) |
Figure 30. Canada Branded Hotel Rooms Supply Across Major Cities in Canada, FY2021 & FY2031F (No. of Rooms) |
Figure 31. Canada Technology Wise Contribution Towards Renewable Energy Targets, Canada(2021) |
Figure 32. Canada Renewable Energy Capacity Target, 2021-2031F (MW) |
Figure 33. Canada Total Renewable Energy Capacity Addition Share in 2021, MW |
Figure 34. Canada Solar Tenders and Auctions in 2021 (MW) |
Figure 35. Canada Top Ten States in Solar Installation Capacity (MW), Till March 2021 |
Figure 36. Canada Rooftop PV Installation Target till March 2022 (MW) |
Figure 37. Canada Bus Duct Trunking System Market Opportunity Assessment, By Conductor (2031F) |
Figure 38. Canada Bus Duct Trunking System Market Opportunity Assessment, By Application (2031F) |
Figure 39. Canada Bus Duct Trunking System Market Opportunity Assessment, By Region (2031F) |
Figure 40. Canada Bus Duct Trunking System Market Revenue Share, By Company, 2021 |
List of Tables |
Table 1. Canada Bus Duct Trunking System Market Revenues, By Insulation, 2021-2031F ($ Million) |
Table 2. Canada Bus Duct Trunking System Market Revenues, By Power Rating, 2021-2031F ($ Million) |
Table 3. Canada Bus Duct Trunking System Market Revenues, By Conductor, 2021-2031F ($ Million) |
Table 4. Canada Proposed Branded New Hotel Room Supply, FY2021 (Number of Rooms) |
Table 5. Canada Tourism Sector Key Indicators, 2031F |
Table 6. Canada Upcoming Airport Projects |
Table 7. Canada Solar Capacity Target (GW), By Segments, 2021-2031F |
Table 8. Canada Proposed Plans Under Green Corridor Phase II, By States |
Table 9. Upcoming Retail Sector Projects in Canada |
Table 10. Upcoming Metro Projects in Canada |
Market Forecast By Insulation (Air And Sandwich), By Power Range (Lighting Power Range, Low Power Range, Medium Power Range And High Power Range), By Conductor (Copper And Aluminium), By Applications (Commercial, Industrial, Residential, Transportation And Others Including Power Utilities, Argo-Industries, And Civil Buildings) And Competitive Landscape
Product Code: ETC150361 | Publication Date: Jan 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 14 | No. of Tables: 4 |
Canada Bus Duct Trunking System Market report comprehensively covers the market by insulation, power rating, conductor, and applications. The Canada bus duct trunking system market outlook report provides an unbiased and detailed analysis of the Canada bus duct trunking system market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Construction sector in Canada decelerated to 0.6% in 2018, after growing at a CAGR of 4.3% in 2017. This sharp deceleration was recorded due to significant declines in residential construction, engineering, and other construction activities, which led to slow growth of the bus duct trunking system market in the country. However, the Covid-19 pandemic had slowed down the market in terms of the supply of the product during 2020. While on the other hand, the demand-side also fell victim to the slowdown due to the market being closed during the lockdown period. Currently, the market has recovered gradually and is likely to witness growth over the coming years.
According to 6Wresearch, the Canada Bus Duct Trunking System Market size is expected to grow at a CAGR of 3.9% during 2020-2025. The Canadian government has planned investments for large-scale infrastructure development, which is expected to support the growth of Canada’s construction industry. Further, under the ‘Investing in Canada Plan’, the government plans to invest a total of $139 billion in key infrastructure sectors through 2028, which would increase the demand for bus duct trunking systems in the years to come.
In terms of applications, industrial application dominates the overall Canada bus duct trunking system market. Further, the commercial application also held the majority of the market revenue share in 2019. Together the industrial and commercial applications held a major chunk of revenue share in 2019. Additionally, residential and transportation are the other major applications.
The report provides a detailed analysis of the following market segments: