Driven By The Dual Engines Of Technological Iteration And Market Expansion

     As a core component of power transmission systems, the busway industry is witnessing dual opportunities from technological upgrading and growing market demand. Data shows that the scale of China's busway market reached 16.503 billion yuan in 2024, while the global market scale exceeded 59.8 billion yuan. It is expected to expand steadily at a compound annual growth rate (CAGR) of 2.27% by 2030.

     In terms of application fields, busways have been widely used in industrial buildings, commercial buildings and new energy projects. Among them, compact insulated plug-in busways and high-strength enclosed busways dominate the market. Meanwhile, the rise of emerging scenarios such as data centers and photovoltaic power stations is driving a surge in demand for high-voltage and high-efficiency products.

     Technological innovation has become the core driving force for the industry's development. Intelligent monitoring solutions launched by a number of enterprises integrate IoT and optical fiber sensing technologies, which can real-time monitor 21 parameters including voltage, current and temperature. Through AI algorithms, these solutions realize early fault warning, successfully preventing multiple power supply accidents in projects such as semiconductor factories and shortening the operation and maintenance response time to within 3 seconds. At the same time, fully insulated resin busways, relying on their excellent safety performance, are continuously expanding their market share in high-end fields such as medical care and new energy.

     Facing challenges such as copper price fluctuations, the industry is accelerating material innovation and process optimization. With the advancement of new infrastructure policies and the upgrading of international certification standards, busway enterprises with intelligent and green advantages will embrace broader development space, promoting the industry to move towards high-quality development.