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.

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