Core Insights - The demand for intelligent busway systems in data centers is expected to grow significantly due to increasing reliability and smart maintenance requirements as the power business and smart grid technology evolve [1][13] - The market size for intelligent busway systems in Chinese data centers is projected to reach 1.77 billion yuan in 2024, accounting for 6% of the overall intelligent busway market [13] Overview of Busway Systems - Busway is a closed distribution device made of conductive bars (copper or aluminum), insulation materials, and metal shells, designed for efficient distribution of high current electricity [2] - It serves as a replacement for traditional cables, providing high-density power transmission and flexible distribution in industrial and commercial buildings [2] Current Development of Busway Industry in China - The busway industry in China has seen rapid growth since the late 1980s, driven by economic reforms and increased investment in power infrastructure [4] - In 2019, the production of busway systems in China was approximately 13.73 million meters, expected to grow to 15.79 million meters by 2024 [4] Market Analysis of Busway Systems - The Chinese busway market is experiencing overall growth, with the market size projected to increase from 49.646 billion yuan in 2019 to 73.747 billion yuan in 2024, reflecting a compound annual growth rate (CAGR) of 8.24% [11] - The market demand is driven by two main segments: power grid construction and new building electrical system installations [10] Pricing and Economic Factors - The pricing of busway products is influenced by both internal factors (production costs, materials, and technology) and external factors (market demand and competition) [6] - The average selling price of busway products in China is expected to be 5,104 yuan per meter in 2024 due to fluctuations in raw material prices [6] Future Market Trends - The busway market is anticipated to grow to 76.769 billion yuan by 2025 and further to 111.711 billion yuan by 2031, with a CAGR of 6.45% [17] - The industry is expected to undergo consolidation and technological upgrades, leading to increased market concentration and enhanced competitive dynamics [19][20]