Laminated Busbar Market Overview
According to a research survey conducted by ChemView Consulting, in 2022, the Global Laminated Busbar Market was worth US$ 775.6 Mn and is expected to grow at a CAGR of 6.3% over the forecast period. The market is expected to hit US$ 1,428.8 Mn by 2032 end. From 2017–2021, when the market’s CAGR was 5.2%, the market underwent significant growth.
The Laminated Busbar market is rapidly expanding due to the increasing necessity for hybrid, and electric vehicles will propel the market’s growth rate during this period. The rapid transition from battery-operated to combustion engines and hydrogen fuel cells for increased vehicular power drives the industry’s high-value addition (EVA).
ChemView Consulting has analyzed that Laminated Busbar seeks significant demand from the transport and distribution industry, positively influencing the market growth. Increasing necessity transport and distribution in regions such as the Middle East, Asia Pacific, and Latin America has risen dramatically Laminated Busbar demand.
The main factors contributing as governments and manufacturers continue to require increased production of clean energy, the design of power converters has become important in providing the best efficient conversion of energy.
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Segments Covered in Report
By Conductor :
By Insulation Material :
- Polyester Film
- Heat-resistant Fiber
- Epoxy Powder Coating
- Polyamide Film
- Epoxy Glass
By Application :
- Alternative Energy
- Power Electronics and SiC
- Aerospace & Defense
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Laminated Busbar Market
- Based on the conductor, the Copper segment is the most extensively used and technically the best material for making laminated busbars.
- Based on the application, The utility segment is estimated to hold the largest market share during the forecast period. Manufacturers are investing in research and development, expanding product portfolios, and launching to drive growth. New product offerings are expected to gain traction with end-users amid rising demand for digital transformation, smart grid modernization, and renewable energy sources.
- Europe is projected to dominate the Laminated Busbar market with a market share of 37.4% during the forecast period due to high consumption from the region’s stringent end-use industries.
Key companies covered in the market study are Zhuzhou CRRC Times Electric Co., Ltd., Storm Power Components., Suzhou West Deane Machinery Inc., ELECTRONIC SYSTEMS PACKAGING, LLC, EMS Industrial & Service Company, Shennan Circuits Company Limited, Amphenol Corporation, MERSEN PROPERTY, Rogers Corporation., Sun. King Power Electronics Group Limited, RYODEN KASEI CO., LTD., Jans Copper Private Limited., Molex, Raychem RPG Private Limited, Segue Electronics, Inc., Zhejiang RHI ELectricCo., Ltd, Methode Electronics, Ideal Heating, AC, & Refrigeration, Inc., and OEM Automatic Ltd.
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Report Key Highlights
- Detailed information on factors that will assist Global Laminated Busbar’s growth during the next ten years
- Assessment of the historical and current Global Laminated Busbar Market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
- The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
About ChemView Consulting
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