Global Laminated Busbar Market Research Report- Forecast till 2030

Laminated Busbar Market Research Report: Information, by Insulation Material (Kapton, Tedlar, Mylar, Epoxy Powder Coating, Tonnex), Conductor (Copper & Aluminum) End-Use (Power Electronics, Transportation, Telecom) & Region - Forecast till 2030

ID: MRFR/E&P/6179-HCR | November 2022 | Region: Global | 111 Pages         

Laminated Busbar Market

Laminated Busbar Market is expected to grow at a USD 1,114.2 Million, 6.79% CAGR during the forecast period.

Segmentation

By Insulation Material Kapton Tedlar Mylar Epoxy Powder Coating Tonnex
By Conductor Copper Aluminum
By End-Use Power Electronics Transportation Telecom

Key Players

  • Mersen (France)
  • Rogers (Canada)
  • Zhuzhou Crrc Times Electric (China)
  • OEM Automatic (UK)
  • Electronic Systems Packaging (US)
  • Suzhou West Deane Machinery (China)
  • Shennan Circuits (China)
  • Shenzhen Woer New Energy (China)
  • Jans Copper (India)
  • Storm Power Conductors (US)
  • Ryoden Kasei (Japan)
  • Idealac (Jordan)
  • Sun.King Power Electronics (China)
  • Amphenol (US)
  • Methode Electronics (US)

Drivers

  • Increasing Renewable Energy Integration
  • Increasing Awareness About Energy Saving And Efficiency
  • Growing Demand For Hybrid And The Electric Vehicles
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Laminated Busbar Market share is expected to grow at a 6.79% CAGR during the forecast period 2022-2030 due to growing demand for hybrid and the electric vehicles.


Laminated Busbar Market Scenario


The Laminated Busbar Market is estimated to grow at a significant rate and value during the forecast period. The purpose of these busbars is to connect IGBTs and support capacitors. Power electronics, alternative energy, industrial, telecommunications, and transportation are among the industries that use laminated busbars. The market will be driven by rising renewable energy integration, raising awareness about energy conservation and efficiency, and rising demand for hybrid and electric vehicles. Furthermore, the laminated busbar market has considerable prospects in an expanding number of smart cities.


A laminated busbar is a component made up of layers of manufactured copper separated by thin dielectric materials and laminated together to form a single structure. These busbars also provide many advantages, including lower system costs, increased dependability, fewer wiring errors, and increased capacitance. These laminated busbars come in a variety of sizes and applications, from surface-mounted busbars to multilayer busbars that are more than 20 feet long.


These busbars are mainly used for connection between IGBTs and support capacitors. The laminated busbars are also used for various industries, including power electronics, alternative energy, industrial, telecommunications, and transportation. Increasing renewable energy integration, increasing awareness about energy saving and efficiency, and growing demand for hybrid and the electric vehicles will drive the laminated busbar market. Moreover, an increasing number of smart cities have significant opportunities for laminated busbar market. Also, Asia-Pacific has been witnessing some evolutionary changes in the form of adopting electric vehicles at a large scale. According to Electric Vehicles Asia, 54% of the new cars sold globally in 2040 will be electric vehicles. Moreover, 56% of the value being generated from the sales of the electric vehicle is anticipated to remain in East Asia only. All these factors are likely to drive the market for laminated busbar in the region.


Laminated Busbar Market Key Players


The Key Players of Global Market are Mersen (France), Rogers (Canada), Zhuzhou Crrc Times Electric (China), OEM Automatic (UK), Electronic Systems Packaging (US), Suzhou West Deane Machinery (China), Shennan Circuits (China), Shenzhen Woer New Energy (China), Jans Copper (India), Storm Power Conductors (US), Ryoden Kasei (Japan), Idealac (Jordan), Sun.King Power Electronics (China), Amphenol (US), and Methode Electronics (US).


Industry News



  • In February 2020, ABB Ltd intended to deploy laminated bus plate technology for low-voltage switchgear and increased the busbar market. When integrated with the ABB Ability platform, the new technology provides optimum reliability, efficiency, safety, flexibility, and a measurable return on investment (ROI).

  • In March 2020, BRAR announced that factory cold testing of busbars and Aluminum Power Conducting Arms for SMS Group had been completed successfully.

  • In June 2018, Methode Electronics released ROLINX CapLink Solutions. Capacitors are connected to a laminated busbar in this arrangement, which is perfect for power management applications.

  • In May 2018, Mersen purchased FTCap. The company's current range of laminated busbars and capacitors was expanded as a result of this acquisition. Mersen's power electronic systems product portfolio was expected to be strengthened as a result of the acquisition.


Laminated Busbar Market Segmentation


Global laminated busbar market has been segmented based on insulation material, conductor, end-use, and region. On the basis of insulation material, the market has been classified into epoxy powder coating, kapton, nomex, tedlar, mylar, and teonex. The tedlar sub-segment dominates the market as tedlar is used for harsh environment as it performs exceptionally in high temperature and high-pressure applications. SD 377 Billion over a period of five years from 2010 to 2015, which was the highest across the globe.Moreover, the accelerated economic growth of major economies has resulted in a rise in energy demand and consumption, as a consequence of which these economies have witnessed power shortage and outages. Hence, in order to tackle these issues, the government of various major economies focusing on upgrading their infrastructure requiring energy efficient products, including laminated busbar, driving the market. Global laminated busbar market has been segmented based on insulation material, conductor, end-use, and region. On the basis of insulation material, the market has been classified into epoxy powder coating, kapton, nomex, tedlar, mylar, and teonex. The tedlar sub-segment dominates the market as tedlar is used for harsh environment as it performs exceptionally in high temperature and high-pressure applications.


Laminated Busbar Market


Laminated Busbar Market Regional Analysis


Global Market is projected to grow at a significant rate during the forecast period, mainly due to the increasing demand for hybrid & electric vehicles and growing renewable energy generation. Asia-Pacific is one of the leading regions in adopting the renewable energy resources in the overall energy generation. According to the World Bank, China has witnessed an investment of USD 377 billion over a period of five years from 2010 to 2015, which was the highest across the globe. Moreover, the accelerated economic growth of major economies has resulted in a rise in energy demand and consumption, as a consequence of which these economies have witnessed power shortage and outages. Hence, in order to tackle these issues, the government of various major economies focusing on upgrading their infrastructure requiring energy efficient products, including laminated busbar, driving the laminated busbar market.


Global Laminated Busbar Market is expected to witness significant growth during the forecast period owing to an increase in renewable energy generation and deployment of energy efficient devices in the sites where the renewable power is being generated. For instance, China, the US, and some major European countries including Germany, France, and the UK accounted for nearly 75% of the global investment in renewable power in 2018. Moreover, significant reductions in renewable energy costs have made renewables cost-competitive and attractive sources of energy. All these factors will drive the laminated busbar as it is widely used in renewable energy plants or sites of renewable power generation.


Laminated busbar is a component consisting of layers of fabricated copper that is separated by thin dielectric materials, laminated into a unified structure. These busbars also offer various benefits, including reducing system costs, improving reliability, eliminating wiring errors, and increasing capacitance. Sizes and applications of these laminated busbars range from surface-mounted busbars to multilayer busbars that exceed 20 feet in length.



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2027: USD 1,114.2 Million
  • 2030: Significant Value
  •   CAGR   6.79% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Insulation Material, Conductor and End-Use
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Mersen (France), Rogers (Canada), Zhuzhou Crrc Times Electric (China), OEM Automatic (UK), Electronic Systems Packaging (US), Suzhou West Deane Machinery (China), Shennan Circuits (China), Shenzhen Woer New Energy (China), Jans Copper (India), Storm Power Conductors (US), Ryoden Kasei (Japan), Idealac (Jordan), Sun.King Power Electronics (China), Amphenol (US), and Methode Electronics (US)
      Key Market Opportunities   New product launches and R&D amongst major key players
      Key Market Drivers

  • Increasing Renewable Energy Integration
  • Increasing Awareness About Energy Saving And Efficiency
  • Growing Demand For Hybrid And The Electric Vehicles


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    Frequently Asked Questions (FAQ) :

    The laminated busbar market is anticipated to mark 6.79% CAGR.

    The key players of the laminated busbar market are Mersen (France), Zhuzhou Crrc Times Electric (China), Rogers (Canada), OEM Automatic (UK), Suzhou West Deane Machinery (China), Electronic Systems Packaging (US), Amphenol (US), Shennan Circuits (China), Jans Copper (India), Shenzhen Woer New Energy (China), Storm Power Conductors (US), Idealac (Jordan), Ryoden Kasei (Japan), Sun. King Power Electronics (China), and Methode Electronics (US).

    The segments of the laminated busbar market, by insulation material, are Epoxy Powder Coating, Tedlar, Kapton, Mylar, and Tonnex.

    The segments of the laminated busbar market, by conductor, are copper and aluminum.

    The end-use segments of the laminated busbar market are transportation, power electronics, and telecom.