Laminated Busbar Market | Size, Share, and Analysis 2029

 

Laminated Busbar Market

Laminated Busbar Market was value at USD 918 million in 2021 and is expected to rise at a single digit CAGR of 6.4% during the forecast period, and is estimated to reach USD 1,508 million in 2029

The factors driving growth of Laminated Busbar Market includes increasing focus on utilizing renewable energy sources of energy, growing demand for safe and secure electrical distribution systems, rising penetration of electric and hybrid vehicles around the world and improvements in the living standards. Moreover, growing consumption of electricity, rising awareness about saving energy, technological advancements in laminated busbars, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic collaborations between key industry players and growing population growth rates, are further contributing towards the market growth.

However, growth of the Laminated Busbar Market is hindered due to complications associated with the manufacturing of laminated busbars.

The major players operating in the Laminated Busbar Market are Sun.King Power Electronics, Auxel FTG, Idealec SAS, Rogers Corporation, Amphenol Corporation, Mersen SA, Ryoden Kasei Corporation, Shanghai Eagtop Electronic Technology, Methode Electronics Inc, and Chevron Corporation among others.

Based on Material, the Copper segment is predicted to grow at a significant CAGR during the forecast period

Increasing application of copper for manufacturing laminated busbars because it offers higher conductivity, is the major factor spurge growth of the segment.

Based on Insulation Material, the Epoxy Powder Coating segment is projected to expand at a robust CAGR over the forecast period

Increasing demand for epoxy coating solutions in switch gear and motor drive applications, is propelling Global Laminated Busbar Market.

Based on Region, the European region is anticipated to expand at a remarkable CAGR during the forecast period

Increase in Government’s expenditure on the renewable energy projects, rise in the sales of electric vehicles across United Kingdom and Germany, rapid industrialization, growing population growth rates and high per capita incomes, are some of the important factors augmenting the Agricultural Lubricants Market size in the European region. 

Key Development

  • In 2018, Mersen SA completed the acquisition of FTCAP, wherein FTCAP acted as an independent subsidiary. Through this acquisition, Mersen SA expanded its range of capacitors, which are mainly used for the development of powerful and efficient electronic systems.

Market Segmentation

Segmentation by Material

  • Copper
  • Aluminium

Segmentation by End-User

  • Utilities
  • Industrial
  • Commercial
  • Residential

Segmentation by Insulation Material

  • Epoxy Powder Coating
  • Polyester Film
  • PVF Film
  • Polyester Resin
  • Heat-Resistant Fiber
  • Polyimide Film

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Comments

Post a Comment

Popular posts from this blog

Managed Print Services Market Size, Share, & Growth Analysis - 2020-2027

Image
  Managed Print Services Market The Managed Print Services Market is estimated to reach USD 70 billion by 2027, growing at a CAGR of 8.2% over the forecast period (2020-2027). The factors driving the growth of Managed Print Services Market includes digital transformation across the industry verticals such as Banking, Financial Services, and Insurance (BFSI), Healthcare and Telecommunication, emerging need to reduce paper wastage and growing trend of Bring Your-Own Device (BYOD). According to the report published by Environmental Paper Network, the consumption of paper worldwide has drastically increased by 400% over the last four decades, on an average a citizen in the United States uses more than 700 pounds of paper every year, which will boost the Managed Print Services Market Growth in the approaching years. Moreover, the growing adoption of Cloud Computing and Big Data Analytics by the major organizations, increasing investments by the leading players on research and development
Read more

Crypto Asset Management Market size, share & Trends Forecast 2028

Image
  The Crypto Asset Management Market was estimated around USD 315 million in 2020 and is predicted to grow at a CAGR of 21.1%, over the forecast period (2021-2028). The factors driving growth of the market includes rise in the number of institutional investors and wealth managers investing first time in crypto currency, surge in the volumes of online transactions around the world, emerging need to secure cryptocurrency assets, Government initiatives promoting digitalization and improvements in the living standards. Cryptocurrency asset management platforms allow investors to manage different wallets in one spot, simplifies the management of the developing crypto asset for seasoned traders, and helps users to increase their portfolio, are some of the features pushing the Crypto Asset Management Market size . Moreover, increasing adoption of cryptocurrency across industry verticals such as Healthcare, Retail and Commerce, BSFI, advancements in Internet of Things (IoT) and Artificial Inte
Read more

Liquefied petroleum gas Market Size, Share, Growth 2027

Image
  Liquefied Petroleum Gas Market The Liquefied Petroleum Gas Market is expected to grow at a faster CAGR over the forecast period (2020-2027). The factors driving the growth of Liquefied Petroleum Gas Market includes increasing use of liquefied petroleum gas as a substitute to fossil fuels, growing demand for natural gas and oil around the world and rising awareness amongst consumers about the benefits of liquefied petroleum gas. According to the report published by Statista, the Global Oil and Gas Storage Market was estimated around USD 929 million in 2019 and is expected to reach more than USD 1 billion by the end of 2026, which will boost the Global Liquefied Petroleum Gas Market in the approaching years. Moreover, growing emphasis on using cleaner sources of energy, increasing application of liquefied petroleum gas in households and restaurants for cooking and heating food and strict regulations imposed by Government reduce the carbon emission levels, are some of the additional fa
Read more