Global Laminated Busbars Market Size Is Projected To Exceed USD 1,392 Million by 2026 says a new report by Polaris Market Research.
The global Laminated Busbars Market generated USD 780 million in 2017 and is anticipated to grow at a CAGR of 6.8% during the forecast.
Laminated busbars are designed to carry the load and sources of electric power in a power conversion module. Laminated bus bars offer benefits such as minimizing inductance and electrical noise, improving the circuit performance and reliability of electrical systems, and decreasing the overall system cost.
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The demand for Laminated Busbars Market has increased over the years owing to growing awareness regarding energy efficiency and energy saving among consumers. Rising energy costs, and growing use of renewable energy has increased the adoption of laminated busbars. The increasing need for energy efficiency, supportive government initiatives, and growing adoption of electric and hybrid vehicles supports the growth of the market. Growth in the switchgears market, and rising adoption of smart cities along with technological advancement is expected to provide numerous growth opportunities for the Laminated Busbars Market during the forecast period.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Laminated Busbars Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
The Europe Laminated Busbars Market generated the highest revenue in 2017 owing to introduction of supportive government regulations and growing consumer awareness. The increasing trend of smart cities, growing penetration of electric vehicles, and rising adoption of renewable energy sources has accelerated the adoption of laminated busbars Market in the region.
Competitive Landscape and Key Vendors
The global Laminated Busbars Market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the Laminated Busbars Market report include Storm Power Components, Methode Electronics, Inc., Rogers Corporation, Idealec SAS, Mersen S.A., Amphenol Corporation, Electronic Systems Packaging, Sun.King Power Electronics Group Limited, Suzhou West Deane Machinery, and Shennan Circuits.
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Key Segments
Conductor Type
- Copper
- Aluminum
- Others
Insulation Material
- Epoxy Powder Coating
- Mylar
- Tedlar
- Teonex
- Kapton
- Nomex
- Others
End-User
- Alternative Energy
- Industrial
- Power Electronics
- Telecom
- Aerospace and Defense
- Transportation
- Others
Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia-Pacific
o China
o India
o Pakistan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Rest of Latin America
• Middle East and Africa
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