Laminated Busbar Market

GMI Research analysis indicates that the Laminated Busbar Market size was estimated at USD 918 million in 2021 and is slated to register a single digit CAGR of 6.4% over the forecast period, and is projected to reach USD 1,508 million in 2029

To have an edge over the competition by knowing the market dynamics and current trends of “Laminated Busbar Market”, request for Sample Report here

Key Drivers

Rising focus on renewable energy, increasing demand for safe and secure electrical distribution systems, and cost-efficiency and operational benefits of laminated busbars are the key factors accelerating the growth of Laminated Busbar market. The rising demand for high-quality, consistent, and cost-effective power across industries coupled with uninterruptible power supply (UPS) systems, which support a wide range of power generation technologies, will drastically boost the demand for laminated busbar across the globe. A well-designed laminated bus bar provides mechanical improvement and electrical optimization within a UPS system. Laminated bus bars offer multiple benefits, including reducing part count, addressing component and personal safety issues, virtually eliminating assembly errors, and improving overall system cost. Hence, increasing benefits of the solution is catalyzing the growth of the market globally. On the other hand, low quality laminated bus bar wire and plates installed at capacitor might cause technical issues such as, transmission and heat loss, which might hamper the growth of the market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Material – Segment Analysis

On the basis of material, the market is segmented into copper and aluminium. Among these, the copper segment is expected to grow at a higher CAGR during the forecast period. Copper offers higher conductivity and better load surge withstand capacity, therefore copper is considered best material for making laminated busbars and is widely used across different industries. Copper laminated bus bars are designed for commercial and industrial use to ensure safety and reduce initial costs.
Based on end-user, the market is segmented into utilities, industrial, commercial, and residential. Among these, the utilities segment is projected to grow at a higher CAGR during the forecast period owing to the growing power distribution infrastructure and increasing investments for renewable generation.

Insulation Material – Segment Analysis

On the basis of insulation material, the market is segmented into epoxy power coating, polyester film, PVF film, polyester resin, heat-resistant fiber, and polyimide film. The epoxy power coating segment is projected to grow at a higher CAGR during the forecast period. Epoxy powder coated laminated bus bars are majorly used for motor drive applications and switch gears. Such properties make these laminated busbars makes them suitable for different industries and increases the demand of the segment in Laminated busbar market.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis     

Based on the region, Europe is projected to grow at a higher CAGR during the forecast period due to the growing construction activities, rising share of renewable energies, and increasing power demand in the region. Moreover, the Asia-Pacific region is expected to grow at a higher CAGR during the forecast period owing to the increasing support from government on renewable energy projects and the rising emphasis on reducing the emission of greenhouse gases in the region.

Top Market Players

The key players in the market include Rogers Corporation, Amphenol Corporation, Mersen SA, Methode Electronics Inc, Sun.King Power Electronics, Auxel FTG, Idealec SAS, Ryoden Kasei Corporation, Shanghai Eagtop Electronic Technology, and Chevron Corporation among others.

Key Developments:

• • In 2018, Mersen SA acquired 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.

Segments covered in the Report:

The Global Laminated Busbar market has been segmented based on Material, End-User, Insulation Material, and key Region. Based on Material, the market is segmented into Copper and Aluminium. Based on End-User, the market is segmented into Utilities, Industrial, Commercial, and Residential. Based on Insulation Material, the market is segmented into Epoxy Powder Coating, Polyester Film, PVF Film, Polyester Resin, Heat-Resistant Fiber, and Polyimide Film.

For detailed scope of the “Laminated Busbar Market” report request a Sample Copy of the report

Report Coverage	Details
Market Revenues (2021)	USD 918 million
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Material, By End-User, By Insulation Material, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Rogers Corporation, Amphenol Corporation, Mersen SA, Methode Electronics Inc, Sun.King Power Electronics, Auxel FTG, Idealec SAS, Ryoden Kasei Corporation, Shanghai Eagtop Electronic Technology, Chevron Corporation
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Laminated Busbar Market by Material

• • Copper
  • Aluminium

Global Laminated Busbar Market by End-User

• • Utilities
  • Industrial
  • Commercial
  • Residential

Global Laminated Busbar Market by Insulation Material

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

Global Laminated Busbar Market by Region

• • North America Laminated Busbar Market (Option 1: As a part of the free 25% customization)
    • By Material
    • By End-User
    • By Insulation Material
    • US Market All-Up
    • Canada Market All-Up
  • Europe Laminated Busbar Market (Option 2: As a part of the free 25% customization)
    • By Material
    • By End-User
    • By Insulation Material
    • UK Market All-Up
    • Germany Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Laminated Busbar Market (Option 3: As a part of the free 25% customization)
    • By Material
    • By End-User
    • By Insulation Material
    • China Market All-Up
    • India Market All-Up
    • Rest of Asia-Pacific Market All-Up
  • RoW Laminated Busbar Market (Option 4: As a part of the free 25% customization)
    • By Material
    • By End-User
    • By Insulation Material
    • U.A.E. Market All-Up
    • Brazil Market All-Up
    • Rest of World (remaining countries of LAMEA) Market All-Up

Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Rogers Corporation
  • Amphenol Corporation
  • Mersen SA
  • Methode Electronics Inc
  • Sun.King Power Electronics
  • Auxel FTG
  • Idealec SAS
  • Ryoden Kasei Corporation
  • Shanghai Eagtop Electronic Technology
  • Chevron Corporation