Thailand Busbar Market size is projected to grow at a CAGR of 5.4% during 2024-2030F

By conductor type, copper attained the highest revenue share in Thailand Busbar Market – 6Wresearch

In terms of conductor type, copper has occupied a prominent market share because it is the most suitable material to construct busbars, owing to copper having higher electrical conductivity than aluminium, for a given cross-sectional area, copper carries more current with lower resistive losses, in addition to having higher thermal conductivity. This trend is expected to continue in the market during the forecast period.

According to 6wresearch, Thailand Busbar Market size is projected to grow at a CAGR of 5.4% during 2024-2030F. The busbar market in Thailand has seen significant growth, driven by expanding manufacturing, industrial and power sectors. Despite a dip during the COVID-19 pandemic, recovery ensued in 2021, the market is expected to be propelled by the manufacturing sector, along with ongoing transmission development and expansion projects which are expected to fuel the busbar market in Thailand.

The Thai internet economy is poised to reach US$ 53 billion by 2025, with Amazon, Google, and Microsoft collectively investing US$ 8.46 billion in data centre infrastructure during the forecast period. Additionally, Thailand aims to attract over US$ 5.5 billion in investments, driving a surge in demand for busbars in data centre equipment, and ensuring efficient power distribution.

According to Shivankar, Research Manager, 6Wresearch, by power Rating, medium power is expected to grow at a higher rate in the future on account of rising government investment in transmission development projects. For instance, the Transmission System Improvement Project in the Lower Southern Region to Enhance System Security (TILS) is expected to be completed by 2028.

The Thailand Bushbar Market (2024-2030) report provides an in-depth analysis with 22 figures and 4 tables, covering 73 pages. The report comprehensively covers the market by conductor, power rating and end user. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.