According to a recent market study published by Growth Market Reports, titled, “Global Flexible Busbar Market by Type, by Application, by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at USD 254.5 Million in 2021 and is expected to grow at a moderate growth rate of 8.4% by the year 2030.

As per Growth Market Reports industry analyst Akash Vedpathak, “Global Flexible Busbar Market is anticipated to witness significant growth during the forecast period 2022-2030. A flexible busbar consists of pure electrolytic copper laminates inside a protective PVC jacket. It is easily curved, twisted, and bent to match a variety of panel layouts, as the individual laminates easily slide against each another. A flexible busbar has advantages over a normal round cable in terms of saving space, as it replaces several round conductors with a single piece of flexible busbar and has a smaller bend radius. Flexible busbar connections use more surface area than round cables, which results in lower operating temperatures at the connection locations. Significant cost savings is achieved by modifying few conductors and removing ring terminals. Some applications of flexible busbars include low voltage power distribution and control applications, busbar systems, motor control centers, drive systems, switchboards, transformers, panelboards, control panels, power supplies, electrical machinery, UPS systems, and others.

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Key factors that are anticipated to fuel the demand for the global Flexible Busbar market during the forecast period are increasing demand for flexible busbars for power generation and distribution and high-end features. Conversely, the high cost of raw materials may hamper the market growth of the Flexible Busbar market. Increasing demand for electric cars creates opportunities in the market.

Supply chain management is a pivotal part of any business. A supply chain involves a series of steps to get flexible busbar, products, sizes, and distribution from their primary state to customers. These steps include development, engagement with customers, and delivering and supporting the flexible busbar. Entities in the supply chain include raw material suppliers, manufacturers, logistics, warehouses, finance, distributors, and customers.

The primary, as well as secondary research methodology, is used for keen observation and study about Flexible Busbar market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. Companies investing in political, business, and financial stability, as opposed to decreasing global risks, implemented strategies to overcome the pandemic. In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. COVID-19 hampered R&D activities in the flexible busbar market, due to social distancing and less access to manufacturing plants, which hampered the manufacturing industry. A majority of research activities were halted, due to social distancing regulations during the pandemic. As COVID-19 spread in the regions, various governments shut down public gatherings, travel, and major projects to protect people from the virus.

Key Takeaways from the Study

  • In terms of type, the Medium Power (125 A to 800 A) segment accounted for a substantial share of the market in 2021 and is expected to expand at a substantial CAGR during the forecast period.
  • Based on application, the commercial segment accounted for a substantial share of the market in 2021 and is expected to expand at a substantial CAGR during the forecast period.

Report Scope

Report Metric


Market Value in 2021

US$ 254.5 Million

Market Growth Rate (from 2015 to 2030)


Historical Data


Base Year


Forecast Period

2022 – 2030

Units Considered

Value (USD Million)

Market Segments

By Type, By Application, By Region

Key Companies Profiled

Cembre S.p.A., Interplex Holdings Pte. Ltd., Methode Electronics, molex (KOCH), Rittal GmbH & Co. KG, Salzer Electronics Limited, Schneider Electric, TE Connectivity, TORSION INDUSTRIES, Zhejiang RHI ELectric Co., Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufacturers, Raw Material Suppliers, and Distributors
  • Demand Side: Government Agencies, Consulting Firms, Private Research and Development Firms, Equity Firms, and Investment Firms.