The Industry Suffers A Polarization in Order Volume

In 2026, China's computing infrastructure construction will continue to accelerate, with concentrated implementation of AI data centers, supercomputing centers and large-scale energy storage projects, driving explosive growth in market demand for high-current and high-protection-level busbar trunking products. While the overall industry prosperity continues to rise, the market presents a clear polarization trend. Leading busbar manufacturers are operating at full capacity with saturated order backlogs, while most small and medium-sized manufacturers face insufficient orders and growing difficulties in market breakthrough, further increasing industrial concentration.

With the continuous upgrade of single cabinet power density in data centers, traditional cables can no longer meet the power distribution requirements of high current, low loss and high stability. Consequently, compact and air-insulated high-current busbar trunking has become the preferred core equipment for power distribution systems in computing infrastructure. Supported by mature technical systems, complete domestic and international certifications, stable product quality and large-scale production capacity, leading listed and large-scale enterprises have established in-depth cooperation with top Internet companies and new energy general contractors, undertaking the majority of busbar procurement orders for high-end data centers and large-scale energy storage power stations. At present, the production schedules of mainstream leading manufacturers have been arranged until the second half of the year with full capacity utilization.

In contrast, most small and medium-sized busbar manufacturers suffer from lagging technological iteration, insufficient high-end qualifications, weak non-standard customization capabilities and imperfect quality control systems. Most small and medium-sized suppliers can only produce conventional medium and small-current general-purpose products, failing to meet the stringent technical standards of ultra-high current, high protection and low temperature rise required by data center scenarios, making it difficult for them to enter the high-end computing infrastructure supply chain. Meanwhile, the bidding thresholds for large-scale infrastructure projects continue to rise, imposing strict requirements on type test reports, CE certification, project track records and delivery capacity, which further excludes small and medium-sized manufacturers from the mainstream high-end market.

Industry statistics show that the market share of the top five leading enterprises continues to expand, with resources, orders and high-quality customers increasingly concentrating on advantageous manufacturers. The industry has moved beyond the extensive development stage dominated by low-price competition and entered a high-quality development phase driven by comprehensive competition in technology, qualifications, delivery capability and after-sales service. In the future, with the continuous expansion of computing power and new energy infrastructure, the industry's Matthew effect will be further strengthened. Enterprises with high-end customization capabilities, international certifications and reliable delivery systems will continue to benefit, while the market space for small and medium-sized manufacturers lacking core competitiveness will be continuously compressed.