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Global Laminated Busbar Market to reach USD 1297.63 million by the end of 2030

Global Laminated Busbar Market Size study & Forecast, by Material (Copper, Aluminium), by Insulation Material (Epoxy Powder Coating, Polyester Film, PVF Films, Polyester Resin, Heat-Resistant Fiber, Polymide Film), by End User (Utilities, Industrial, Commercial, Residential) and Regional Analysis, 2023-2030

Product Code: EESC-72523592
Publish Date: 29-02-2024
Page: 200

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:
Ø 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:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Material, Insulation Material, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü 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:
By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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 Growing demand for efficient power distribution systems Rising emphasis on renewable energy Growing expansion of the electric vehicle
3.1.2. Market Challenges Growing competition from local firms or unorganized sector High initial cost of laminated busbars
3.1.3. Market Opportunities Aging electrical infrastructure and rising electricity demand 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 Material breakdown estimates & forecasts, 2020-2030 Insulation Material breakdown estimates & forecasts, 2020-2030 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) Key Information Overview Financial (Subject to Data Availability) Product Summary 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

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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