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Busbar Market Set to Hit $19.7 Billion by 2029: Key Trends and Growth Drivers
Feb 18th, 2025 · Comments Off on Busbar Market Set to Hit $19.7 Billion by 2029: Key Trends and Growth Drivers
The global busbar market is poised for significant growth, with projections indicating an increase from $15.10 billion in 2024 to $19.70 billion by 2029, reflecting a Compound Annual Growth Rate (CAGR) of 5.5%. This surge is primarily driven by the escalating demand for efficient power distribution systems across various industries, including utilities, automotive, and industrial sectors, spurred...