Laminated Busbar Market

Laminated Busbar Market Size Analysis

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 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).

Market Dynamic

THE GROWING DEMAND FOR TRANSPORTATION AND DISTRIBUTION OF POWER DRIVES THE MARKET

Busbar trunking systems are ideal solutions for the transport and distribution of energy in environments with high-capacity requirements. The laminated busbar system’s enclosed design offers a high level of reliability at an affordable price point. These busbars are tested and manufactured by IEC 61439-1-6. Other showcases, such as fire and seismic resistance, high short-circuit ratings, excellent ingress protection, and superior insulation technology, help ensure safe operations. These are some of the factors driving demand for laminated busbars globally.

HIGH MANUFACTURING COSTS HAMPER THE MARKET GROWTH

The cost of raw materials is increasing with the cost of laminated busbars. Manufacturers are finding solutions for cutting costs by implementing a hybrid busbars system. In this study, we have analyzed these three segmentations and eliminated the overhead cost incurred due to the usage of different materials for laminated busbars to improve their efficiency.

RISING REQUIREMENT IS CREATING NEW OPPORTUNITIES

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 to high voltage DC voltages. The HVDC circuit topology comprises transformerless power generators connected to rectifiers that generate IGBTs with both collector-feeding bus bars. This paper investigates the impact of IGBT packet size on its efficiencies in design aspects like winding gap, planarity, cross-sectional geometry, surface finish, and contact electrification for optimum performance.

Market Segments Covered in Report

By Conductor :

• Aluminum
• Copper

By Insulation Material :

• Polyester Film
• Heat-resistant Fiber
• Epoxy Powder Coating
• Polyamide Film
• Epoxy Glass

By Application :

• Datacenter
• Telecom
• Utility
• Alternative Energy
• Power Electronics and SiC
• Transportation
• Aerospace & Defense
• Industrial
• Others

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)

Segment-Wise Analysis

Why is Copper Type Laminated Busbar projected to have the highest market?

Copper is the most extensively used and technically the best material for making laminated busbars as it offers higher conductivity and better load surge withstand capacity. On the other hand, aluminum is used for its high dielectric strength, which occupies a significant market share. Aluminum laminations are considered an ideal substitute for copper laminations as they offer low manufacturing cost, easy availability, and good insulation properties. The market size of aluminum laminated busbars is projected to grow positively during the forecast period owing to their increasing demand from various industries across various regions.

Why is the utility segment expected to expand the fastest during the forecast period?

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. The utility segment holds the largest share and is expected to maintain its position during the forecast period.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• Europe held the largest share of the Laminated Busbar Market in 2021, up to 37.4%. Due to its increasing power demand, Europe is expected to continue dominating the laminated busbar market. Few manufacturers in the region can meet these requirements; hence, any new player in this field cannot easily penetrate Europe. This can be attributed to a mushrooming of the European construction sector, which will increase power demand and thus impact overall construction activities.

Competition Analysis

While the global laminated busbar market is fragmented with the presence of various vendors, the product offerings vary in terms of type, specification, and application. Some vendors dominate in some geographical regions, while others are dominant in other parts. Players who excel in infrastructure construction, electrical engineering, and industrial process automation are positioned well to grow in the global laminated busbar market.

A list of some of the key suppliers present in the market are:

• ELECTRONIC SYSTEMS PACKAGING, LLC
•  Amphenol Corporation
•  MERSEN PROPERTY
• Rogers Corporation.
• Sun.King Power Electronics Group Limited
•  RYODEN KASEI CO.,LTD.
•  Zhuzhou CRRC Times Electric Co., Ltd.
•  Storm Power Components.
•  Suzhou West Deane Machinery Inc.
•  Jans Copper Private Limited.
•  Molex, Raychem RPG Private Limited
•  Segue Electronics, Inc.
•  Zhejiang RHI ELectricCo., Ltd
•  EMS Industrial & Service Company
•  Shennan Circuits Company Limited
•  Methode Electronics
•  Ideal Heating, AC, & Refrigeration, Inc.,
•  OEM Automatic Ltd.

Global Laminated Busbar Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• 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.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies