Global Laminated Busbar Market is valued at approximately USD 814.15 million in 2022 and is anticipated to grow with a healthy growth rate of more than 6.00% during the forecast period 2023-2030. Laminated busbar is a type of electrical conductor that consists of layers of conductive material, usually copper or aluminum, separated by insulating layers. These layers are then compressed and laminated together to form a single integrated structure. The resulting busbar provides a compact and efficient means of conducting electricity, with the insulation helping to prevent electrical arcing and short circuits. The key factors driving the market growth are growing demand for efficient power distribution systems, rising emphasis on renewable energy, and growing expansion of the electric vehicle market that is anticipated to create the lucrative demand for the market during the forecast period 2023-2030.
Additionally, the expansion of the Electric Vehicle Market has led to increased adoption of laminated busbars in EV power systems, where they play a crucial role in managing high currents. According to Statista, in 2019 globally the number of electric vehicles sold was 2.22 million; in 2022 the number reached 10.25 million and it is anticipated to reach 12.97 million by 2025. As a result, the growing demand for EVs is anticipated to support the market growth. Moreover, aging electrical infrastructure rising electricity demand, and increasing adoption of HVDC technology are anticipated to create lucrative opportunities for the market. However, the growing competition from local firms or unorganized sectors, and the high initial cost of laminated busbars stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Laminated Busbar Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increased demand for power electronics, rising adoption of electric Vehicles (EVs), and growing infrastructure development projects, including smart cities and modernization initiatives. Whereas, the Asia Pacific is expected to grow with the fastest growth rate over the forecast period, owing to factors such as the increasing demand for energy, the growing shift toward electric mobility is a significant trend in the automotive sector, expansion of manufacturing and industrial sectors.
Major market player included in this report are:
- Amphenol Corporation (US)
- Methode Electronics, Inc. (US)
- Mersen Group (France)
- Rogers Corporation (US)
- Sun.King Technology Group Limited (China)
- Zhuzhou CRRC Times Electric Co., Ltd. (China)
- Ryoden Kasei Co., Ltd. (Japan)
- Shanghai Eagtop Electronics Technology Co., Ltd. (China)
- Shenzhen Busbar Sci-Tech Development Co., Ltd. (China)
- Storm Power Components (US)
Recent Developments in the Market:
- In December 2020, Amphenol Corporation, a renowned global provider specializing in high-technology interconnect, antenna, and sensor solutions, has recently agreed to acquire MTS Systems. MTS Systems is a prominent global supplier known for its advanced test systems, motion simulators, and precision sensors.
Global Laminated Busbar Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Material, Insulation Material, End User, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
By Insulation Material:
- Epoxy Powder Coating
- Polyester Film
- PVF Films
- Polyester Resin
- Heat-Resistant Fiber
- Polymide Film
By End User:
- Utilities
- Industrial
- Commercial
- Residential
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Laminated Busbar Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Laminated Busbar Market, by Material, 2020-2030 (USD Million)
- 1.2.3. Laminated Busbar Market, by Insulation Material, 2020-2030 (USD Million)
- 1.2.4. Laminated Busbar Market, by End User, 2020-2030 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Laminated Busbar Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Laminated Busbar Market Dynamics
- 3.1. Laminated Busbar Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing demand for efficient power distribution systems
- 3.1.1.2. Rising emphasis on renewable energy
- 3.1.1.3. Growing expansion of the electric vehicle
- 3.1.2. Market Challenges
- 3.1.2.1. Growing competition from local firms or unorganized sector
- 3.1.2.2. High initial cost of laminated busbars
- 3.1.3. Market Opportunities
- 3.1.3.1. Aging electrical infrastructure and rising electricity demand
- 3.1.3.2. Increasing adoption of HVDC technology
Chapter 4. Global Laminated Busbar Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Laminated Busbar Market, by Material
- 5.1. Market Snapshot
- 5.2. Global Laminated Busbar Market by Material, Performance - Potential Analysis
- 5.3. Global Laminated Busbar Market Estimates & Forecasts by Material 2020-2030 (USD Million)
- 5.4. Laminated Busbar Market, Sub Segment Analysis
- 5.4.1. Copper
- 5.4.2. Aluminium
Chapter 6. Global Laminated Busbar Market, by Insulation Material
- 6.1. Market Snapshot
- 6.2. Global Laminated Busbar Market by Insulation Material, Performance - Potential Analysis
- 6.3. Global Laminated Busbar Market Estimates & Forecasts by Insulation Material 2020-2030 (USD Million)
- 6.4. Laminated Busbar Market, Sub Segment Analysis
- 6.4.1. Epoxy Powder Coating
- 6.4.2. Polyester Film
- 6.4.3. PVF Films
- 6.4.4. Polyester Resin
- 6.4.5. Heat-Resistant Fiber
- 6.4.6. Polymide Film
Chapter 7. Global Laminated Busbar Market, by End User
- 7.1. Market Snapshot
- 7.2. Global Laminated Busbar Market by End User, Performance - Potential Analysis
- 7.3. Global Laminated Busbar Market Estimates & Forecasts by End User 2020-2030 (USD Million)
- 7.4. Laminated Busbar Market, Sub Segment Analysis
- 7.4.1. Utilities
- 7.4.2. Industrial
- 7.4.3. Commercial
- 7.4.4. Residential
Chapter 8. Global Laminated Busbar Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Laminated Busbar Market, Regional Market Snapshot
- 8.4. North America Laminated Busbar Market
- 8.4.1. U.S. Laminated Busbar Market
- 8.4.1.1. Material breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Insulation Material breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End User breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Laminated Busbar Market
- 8.5. Europe Laminated Busbar Market Snapshot
- 8.5.1. U.K. Laminated Busbar Market
- 8.5.2. Germany Laminated Busbar Market
- 8.5.3. France Laminated Busbar Market
- 8.5.4. Spain Laminated Busbar Market
- 8.5.5. Italy Laminated Busbar Market
- 8.5.6. Rest of Europe Laminated Busbar Market
- 8.6. Asia-Pacific Laminated Busbar Market Snapshot
- 8.6.1. China Laminated Busbar Market
- 8.6.2. India Laminated Busbar Market
- 8.6.3. Japan Laminated Busbar Market
- 8.6.4. Australia Laminated Busbar Market
- 8.6.5. South Korea Laminated Busbar Market
- 8.6.6. Rest of Asia Pacific Laminated Busbar Market
- 8.7. Latin America Laminated Busbar Market Snapshot
- 8.7.1. Brazil Laminated Busbar Market
- 8.7.2. Mexico Laminated Busbar Market
- 8.8. Middle East & Africa Laminated Busbar Market
- 8.8.1. Saudi Arabia Laminated Busbar Market
- 8.8.2. South Africa Laminated Busbar Market
- 8.8.3. Rest of Middle East & Africa Laminated Busbar Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Amphenol Corporation (US)
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Methode Electronics, Inc. (US)
- 9.3.3. Mersen Group (France)
- 9.3.4. Rogers Corporation (US)
- 9.3.5. Sun.King Technology Group Limited (China)
- 9.3.6. Zhuzhou CRRC Times Electric Co., Ltd. (China)
- 9.3.7. Ryoden Kasei Co., Ltd. (Japan)
- 9.3.8. Shanghai Eagtop Electronics Technology Co., Ltd. (China)
- 9.3.9. Shenzhen Busbar Sci-Tech Development Co., Ltd. (China)
- 9.3.10. Storm Power Components (US)
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption