Laminated Busbar Market
Laminated Busbar Market Forecasts to 2030 - Global Analysis By Conductor Material (Aluminum, Copper and Other Conductor Materials), Insulation Material (Epoxy Powder Coating, Heat Resistant Fiber, Polyimide Film and Other Insulation Materials), Weight Wise, Length, Power Rating, Shape Wise, Plating, End User and By Geography
According to Stratistics MRC, the Global laminated Busbar Market is accounted for $736.4 million in 2023 and is expected to reach $1,286.9 million by 2030 growing at a CAGR of 8.3% during the forecast period. Laminated Busbars are electrical components that function as conductors. They are a group of conductors that are used to gather electricity from incoming feeders and distribute it to outgoing feeders. However, the plating applied to these busbars fluctuates, which helps in the integration of the conductive services. Their compact design and high current-carrying capacity make them ideal for minimizing space requirements and enhancing electrical performance.
According to the BP Statistical Review of World Energy 2022, global electricity generation capacity in 2021 was 28,466.3 TWh (Terawatt-hours), up from 24,270.5 TWh in 2015.
Market Dynamics:
Driver:
An increase in electrification demand
The surge in electrification demand, fueled by the rapid adoption of electric vehicles (EVs), renewable energy integration, and advancements in industrial automation, is a primary driver propelling the laminated busbar market. Laminated busbars offer several advantages over traditional wiring systems, including enhanced efficiency, reduced space requirements, and improved thermal management. As industries and transportation sectors increasingly shift towards electrification to meet sustainability goals and regulatory requirements, the demand for laminated busbars continues to soar. Moreover, the growing focus on energy efficiency and the need for reliable power distribution solutions in various applications further amplify the market growth.
Restraint:
High initial investment
Implementing laminated busbars in power distribution systems necessitates substantial upfront costs for materials, manufacturing processes, and specialized equipment. These costs can be prohibitive for potential adopters, particularly smaller businesses or those operating within budget constraints. As a result, the market for laminated busbars may experience slower growth than anticipated, as businesses weigh the upfront financial commitment against the potential long-term benefits. Efforts to innovate and streamline production processes may help mitigate these barriers and make laminated busbars more accessible to a broader range of industries and applications.
Opportunity:
Increasing demand for data centers
Data centers require reliable and efficient power distribution solutions to manage the increasing loads generated by high-performance computing and storage systems. Laminated busbars offer advantages such as compactness, reduced weight, and enhanced thermal performance compared to traditional cabling systems, making them ideal for power distribution within data centers. Additionally, their customizable design allows for easy integration into complex layouts, optimizing space utilization and streamlining installation processes. As data centers continue to expand globally to meet escalating digital demands, the laminated busbar market is poised for substantial growth, driven by the imperative for efficient and reliable power distribution solutions tailored to the unique requirements of modern data infrastructure.
Threat:
Environmental concerns
The production of laminated busbars involves various materials and processes that can have detrimental effects on the environment, including the use of metals, plastics, and adhesives that may contribute to pollution and resource depletion. The disposal of laminated busbars at the end of their lifecycle poses challenges, as they often contain non-biodegradable materials that can lead to environmental contamination if not properly managed. The energy-intensive manufacturing processes required for laminated busbars may contribute to greenhouse gas emissions and exacerbate climate change concerns.
Covid-19 Impact:
The Covid-19 pandemic significantly impacted the laminated busbar market, primarily due to disruptions in the global supply chain, reduced industrial activities, and uncertainty in market demand. With lockdown measures enforced in many regions to curb the spread of the virus, manufacturing facilities faced closures or operated at limited capacities, leading to delays in production and distribution of laminated busbars. However, as industries gradually resumed operations and adapted to new norms, such as remote work and enhanced safety measures, the market witnessed a slow recovery.
The epoxy powder coating segment is expected to be the largest during the forecast period
Epoxy Powder Coating segment is expected to be the largest during the forecast period. Epoxy powder coating provides a durable and protective layer to the busbars, shielding them from environmental factors such as moisture, corrosion, and heat. This coating not only ensures the insulation and safety of the busbars but also enhances their mechanical strength, making them more resilient to wear and tear. Additionally, epoxy powder coating offers versatility in terms of color options, allowing for customization to match specific aesthetic or functional requirements.
The renewable energy segment is expected to have the highest CAGR during the forecast period
Renewable Energy segment is expected to have the highest CAGR during the forecast period. As demand for renewable energy sources like solar and wind power continues to surge, the need for efficient power distribution solutions intensifies. Laminated busbars, with their compact design, high power density, and superior electrical conductivity, are proving to be an ideal choice for transmitting power within renewable energy systems. Their ability to reduce space requirements, lower electrical losses, and enhance system reliability makes them indispensable components in inverters, converters, and other renewable energy infrastructure.
Region with largest share:
Throughout the forecast period, the Asia Pacific region held the largest share of the market owing to its growing population, urbanization, and industrialization. Consequently, there is an enormous demand for a reliable power source. China, the most populous nation on earth, is predicted by the International Energy Agency (IEA) to build 36% of the world's hydroelectricity producing capacity and 40% of the world's wind energy between 2015 and 2021. China already has more than 259,000 MW of new coal plants under development, making up more than one-third of the world's coal plant pipeline.
Region with highest CAGR:
Asia Pacific region is poised to hold profitable growth during the extrapolated period. Government regulations in the Asia Pacific region are playing a substantial role in enhancing the laminated busbar market. These regulations often focus on energy efficiency, safety standards, and environmental sustainability, all of which are areas where laminated busbars excel. Furthermore, stringent safety standards in the region mandate the use of reliable and durable electrical components, further driving the demand for laminated busbars known for their robustness and reliability.
Key players in the market
Some of the key players in laminated Busbar market include Amphenol Corporation, Eaton Corporation PLC, Electronic Systems Packaging LLC, Mersen SA, Methode Electronics Inc, Molex LLC, Raychem RPG Private Limited, Rogers Corporation, Ryoden Kasei Co. Ltd, Segue Electronics Inc, Shanghai Eagtop Electronic Technology Co. Ltd, Suzhou West Deane Machinery Inc and Zhuzhou CRRC Times Electric Co. Ltd.
Key Developments:
In April 2024, Amphenol announced the pricing of its offering of $450 million aggregate principal amount of senior notes due 2027, $450 million aggregate principal amount of senior notes due 2029 and $600 million aggregate principal amount of senior notes due 2034.
In January 2023, Mersen, an international leader in electrical power and advanced materials, was selected by Automotive Cells Company (ACC), a joint venture involving Stellantis; TotalEnergies/Saft; and Mercedes-Benz to deliver intelligent laminated busbars.
Conductor Materials Covered:
• Aluminum
• Copper
• Other Conductor Materials
Insulation Materials Covered:
• Epoxy Powder Coating
• Heat Resistant Fiber
• Polyimide Film
• Other Insulation Materials
Weight Wises Covered:
• Less Than 1 Kg
• More Than 1 Kg
Lengths Covered:
• Less Than 1M
• 1M To 2M
• 2M to 3M
• More Than 3M
Power Ratings Covered:
• High Power
• Medium Power
• Low Power
Shape Wises Covered:
• Chamfer
• Rectangle
Platings Covered:
• Nickel
• Tin
• PSilver
End Users Covered:
• Aerospace & Defense
• Automotive
• Industrial
• Renewable Energy
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global laminated Busbar Market, By Conductor Material
5.1 Introduction
5.2 Aluminum
5.3 Copper
5.4 Other Conductor Materials
6 Global laminated Busbar Market, By Insulation Material
6.1 Introduction
6.2 Epoxy Powder Coating
6.3 Heat Resistant Fiber
6.4 Polyimide Film
6.5 Polyester Resin
6.6 Other Insulation Materials
7 Global laminated Busbar Market, By Weight Wise
7.1 Introduction
7.2 Less Than 1 Kg
7.3 More Than 1 Kg
8 Global laminated Busbar Market, By Length
8.1 Introduction
8.2 Less Than 1M
8.3 1M To 2M
8.4 2M to 3M
8.5 More Than 3M
9 Global laminated Busbar Market, By Power Rating
9.1 Introduction
9.2 High Power
9.3 Medium Power
9.4 Low Power
10 Global laminated Busbar Market, By Shape Wise
10.1 Introduction
10.2 Chamfer
10.3 Rectangle
11 Global laminated Busbar Market, By Plating
11.1 Introduction
11.2 Nickel
11.3 Tin
11.4 Silver
12 Global laminated Busbar Market, By End User
12.1 Introduction
12.2 Aerospace & Defense
12.3 Automotive
12.4 Industrial
12.5 Renewable Energy
12.6 Other End Users
13 Global laminated Busbar Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa
14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies
15 Company Profiling
15.1 Amphenol Corporation
15.2 Eaton Corporation PLC
15.3 Electronic Systems Packaging LLC
15.4 Mersen SA
15.5 Methode Electronics Inc
15.6 Molex LLC
15.7 Raychem RPG Private Limited
15.8 Rogers Corporation
15.9 Ryoden Kasei Co. Ltd
15.10 Segue Electronics Inc
15.11 Shanghai Eagtop Electronic Technology Co. Ltd
15.12 Suzhou West Deane Machinery Inc
15.13 Zhuzhou CRRC Times Electric Co. Ltd
List of Tables
1 Global laminated Busbar Market Outlook, By Region (2021-2030) ($MN)
2 Global laminated Busbar Market Outlook, By Conductor Material (2021-2030) ($MN)
3 Global laminated Busbar Market Outlook, By Aluminum (2021-2030) ($MN)
4 Global laminated Busbar Market Outlook, By Copper (2021-2030) ($MN)
5 Global laminated Busbar Market Outlook, By Other Conductor Materials (2021-2030) ($MN)
6 Global laminated Busbar Market Outlook, By Insulation Material (2021-2030) ($MN)
7 Global laminated Busbar Market Outlook, By Epoxy Powder Coating (2021-2030) ($MN)
8 Global laminated Busbar Market Outlook, By Heat Resistant Fiber (2021-2030) ($MN)
9 Global laminated Busbar Market Outlook, By Polyimide Film (2021-2030) ($MN)
10 Global laminated Busbar Market Outlook, By Polyester Resin (2021-2030) ($MN)
11 Global laminated Busbar Market Outlook, By Other Insulation Materials (2021-2030) ($MN)
12 Global laminated Busbar Market Outlook, By Weight Wise (2021-2030) ($MN)
13 Global laminated Busbar Market Outlook, By Less Than 1 Kg (2021-2030) ($MN)
14 Global laminated Busbar Market Outlook, By More Than 1 Kg (2021-2030) ($MN)
15 Global laminated Busbar Market Outlook, By Length (2021-2030) ($MN)
16 Global laminated Busbar Market Outlook, By Less Than 1M (2021-2030) ($MN)
17 Global laminated Busbar Market Outlook, By 1M To 2M (2021-2030) ($MN)
18 Global laminated Busbar Market Outlook, By 2M to 3M (2021-2030) ($MN)
19 Global laminated Busbar Market Outlook, By More Than 3M (2021-2030) ($MN)
20 Global laminated Busbar Market Outlook, By Power Rating (2021-2030) ($MN)
21 Global laminated Busbar Market Outlook, By High Power (2021-2030) ($MN)
22 Global laminated Busbar Market Outlook, By Medium Power (2021-2030) ($MN)
23 Global laminated Busbar Market Outlook, By Low Power (2021-2030) ($MN)
24 Global laminated Busbar Market Outlook, By Shape Wise (2021-2030) ($MN)
25 Global laminated Busbar Market Outlook, By Chamfer (2021-2030) ($MN)
26 Global laminated Busbar Market Outlook, By Rectangle (2021-2030) ($MN)
27 Global laminated Busbar Market Outlook, By Plating (2021-2030) ($MN)
28 Global laminated Busbar Market Outlook, By Nickel (2021-2030) ($MN)
29 Global laminated Busbar Market Outlook, By Tin (2021-2030) ($MN)
30 Global laminated Busbar Market Outlook, By Silver (2021-2030) ($MN)
31 Global laminated Busbar Market Outlook, By End User (2021-2030) ($MN)
32 Global laminated Busbar Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
33 Global laminated Busbar Market Outlook, By Automotive (2021-2030) ($MN)
34 Global laminated Busbar Market Outlook, By Industrial (2021-2030) ($MN)
35 Global laminated Busbar Market Outlook, By Renewable Energy (2021-2030) ($MN)
36 Global laminated Busbar Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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