The GMI Research forecasts that the laminated busbar market is witnessing an upsurge in demand during the forecast period. This is mainly due to the strong demand for laminated busbars, the growing demand for consistent, high-quality, and cost-effective power in various sectors, and the rising focus on renewable energy.
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Laminated Busbar Market’s leading Manufacturers:
- Rogers Corporation
- Amphenol Corporation
- Mersen SA
- Methode Electronics Inc
- King Power Electronics
- Auxel FTG
- Idealec SAS
- Ryoden Kasei Corporation
- Shanghai Eagtop Electronic Technology
- Chevron Corporation
Laminated Busbar Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the major factors surging the growth of the global laminated busbar market include the strong demand for laminated busbars and the growing focus on renewable energy. The acclerating demand for consistent, high-quality, and cost-effective power in various sectors, followed by the uninterruptible power supply (UPS) systems, will support a large range of power generation technologies, which will fundamentally fuel the demand for the market worldwide. A well-designed laminated bus bar offers mechanical enhancement and electrical optimization within a UPS system. Laminated bus bars provide various benefits like addressing component and personal safety issues, better system cost, decreasing part count, and virtually eliminating assembly errors. According to the laminated busbar market report, the growing benefits of the solution is further anticipated to stimulate the growth of the market. However, low-quality laminated bus bar wire and plates installed at capacitor can create technical problems like heat loss and transmission.
Regional Drivers
Based on region, Europe is anticipated to increase at a higher CAGR in the upcoming years due to the increasing share of renewable energies, rising construction activities, and growing power demand. Furthermore, the Asia-Pacific region is projected to dominate the market over the forecast period. This is attributed to the rising support from the government on renewable energy projects and the increasing focus on decreasing the emission of greenhouse gases.
Insulation Material Segment Drivers
Based on insulation material, the market is segmented into epoxy powder coating, polyester film, PVF film, polyester resin, heat-resistant fiber, and polyimide film. The epoxy powder coating segment is expected to increase at a higher CAGR in the upcoming years. Epoxy powder coated laminated bus bars are mostly utilized for switch gears and motor drive applications. These features make them more suitable for multiple industries and surge the demand of the segment in the laminated busbar market.
Laminated Busbar Market Segmentation:
Segmentation by Material:
- Copper
- Aluminium
Segmentation by End-User:
- Utilities
- Industrial
- Commercial
- Residential
Segmentation by Insulation Material:
- Epoxy Powder Coating
- Polyester Film
- PVF Film
- Polyester Resin
- Heat-Resistant Fiber
- Polyimide Film
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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