Laminated Busbar Market Size, Trends, SWOT, PEST, Porter’s Analysis, For 2030
Laminated Busbar Market Highlights
Laminated Busbar Market share is expected to grow at a 6.79% CAGR during the forecast period 2022-2030 due to growing demand for hybrid and the electric vehicles.
The urgently
rising need for energy efficiency, escalating energy costs, and the increasing
use of green energy sources also promote growth of the laminated busbar market.
The constant surge in the demand for parallel battery connection, paired with
the strict government policies pertaining to energy have also stimulated market
growth to a large extent. Increasing demand for laminated busbar in various industrial
applications coupled with the emerging trend of extensive use of renewable
energy sources can also lead to market growth in the following years.
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|
Report
Attribute/Metric |
Details |
|
CAGR |
6.79% CAGR (2022-2030) |
|
Base Year |
2021 |
|
Forecast Period |
2022-2030 |
|
Historical Data |
2019 |
|
Forecast Units |
Value (USD Million) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape,
Growth Factors, and Trends |
|
Segments Covered |
Insulation Material, Conductor and
End-Use |
|
Geographies Covered |
North America, Europe, Asia-Pacific, and
Rest of the World (RoW) |
Segmental Review
The
segmental review of the laminated busbar market has been conducted for
insulation material, conductor and end-use.
The
insulation materials covered in the market study are kapton, epoxy powder
coating, tedlar, nomex, teonex and mylar. The demand for the tedlar material is
the highest in the market, rendering it the biggest segment. Tedlar is extensively
deployed in adverse environment, given its exceptional performance in extreme temperature
as well as high-pressure.
The
conductor-wise market segmentation includes copper and aluminum.
The
end-users covered in the report are alternative energy, transportation, datacenters,
telecom, aerospace & defense, industrial, power electronics & silicon
carbides, among others. It is expected that the power electronics segment can dominate
the worldwide market in the years ahead, on account of the heightened demand
for renewable energy sources.
Regional Insight
Europe, APAC
or Asia Pacific, North America and RoW or rest of the world are the top markets
for laminated busbar across the globe.
The APAC market can largely benefit from the increasing use of renewable energy sources, mounting awareness regarding energy saving as well as efficiency, and the escalating demand for electric and hybrid vehicles. The rising prevalence of smart cities gives rise to opportunities in the regional market for laminated busbar. The fast economic growth across nations like India and China has led to a surge in the energy demand along with its consumption, due to which power outages and shortage have become quite common. With the aim to find a solution for these issues, various government bodies across the region are working on improving their infrastructure with the use of energy efficient products like laminated busbar, leading to better business expansion.
Renowned Contenders
Renowned
contenders operating in the market for laminated busbar are Suzhou West Deane
Machinery (China), Jans Copper (India), Mersen (France), Methode Electronics
(US), Shenzhen Woer New Energy (China), Amphenol (US), Storm Power Conductors
(US), Rogers (Canada), Electronic Systems Packaging (US), OEM Automatic (UK),
Sun.King Power Electronics (China), Shennan Circuits (China), Ryoden Kasei
(Japan), Zhuzhou Crrc Times Electric (China), Idealac (Jordan), to mention a
few.
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