Laminated Busbar Market Size, Share & Industry Analysis By Insulation (Epoxy Powder Coating, Polyimide Film, Polyester Resin, PVF Film, Heat Resistant Fiber, Others), By Conductor (Copper, Aluminum), By End-User (Automotive, Telecom, Aerospace & Defense, Industrial, Renewable Energy, Others) Others and Regional Forecast, 2023-2030

The conventional busbar requires a lot of space and also create a hazardous situation due to weak connections between points or insulation failure. Laminated busbar overcomes these problems by maintaining low stray inductance and high capacitance by using different materials and assembling them in a suitable and required manner. A laminated busbar is an engineered component consisting of layers of fabricated copper separated by thin dielectric material assembled in a unified structure. Bus bars reduce system costs, improve reliability, increase capacitance, and eliminate wiring errors. Technological advancement and requisition for sustainable development have inclined the market towards e-mobility. Also, an increased share of renewable energy may bolster the laminated busbar market.

Laminated busbar market classified on the basis of insulation, conductor, and end-user. Insulation is further bifurcated into epoxy powder coating, polyimide film, polyester resin, PVF film, and heat resistant fiber. A busbar uses either copper or aluminum as a conductor. Copper is expected to outpace due to its high thermal & electrical conductivity, excellent ductility & malleability, and resistance to corrosion, which makes it suitable in several applications. Laminated busbar used in a number of applications such as automotive, telecom, industrial, aerospace & defense, and others.

Key Market Driver -

Paradigm shift towards sustainable energy development

Key Market Restraint -

Complications inovled in manufacturing

The massive consumption of fossil fuel has immensely deteriorated ecology resulting in the rising adoption of renewable energy sources. In addition, considerable demand for hybrid and electric vehicles is set to propel the market. Many major cities are increasingly investing in mass transportation such as metros, rails, and trams, among others which may drive the market.

Intricate designing and modeling may increase the complications in manufacturing laminated busbar and highly skilled personnel required which increases the overall cost that may inhibit the market

Key Players Covered:

Some of the prominent players in the laminated busbar market are Amphenol, Rogers Corporation, Mersen, ABB, Bevone, Jans Copper Private Limited, Sun.King Power Electronics Group Limited, Methode Electronics, 
OEM Automatic Ltd, Raychem RPG, Schneider Electric, and Storm Power Components.

Regional Analysis:

The global laminated busbar market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America exhibiting robust growth for the market owing to the expansion of aviation & aerospace, increasing demand for electric vehicles, and shifting trends towards the clean source of energy.

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The continuous focus on sustainable energy development to achieve the EU2020 target and enormous adoption of e-mobility likely to bolsters the market. The exponential growth in Asian countries and emerging economies such as China and India set to offer a lucrative market. Besides, both the nations are heavily investing in grid infrastructure, transmission & distribution networks, and alternate energy sources such as solar and wind power may anticipate the demand for a laminated busbar.

Segmentation

Key Industry Developments

• In October 2019, ABB unveiled its NeoGear bus plate technology that replaces traditional horizontal and vertical busbar systems. The innovative bus plate technology combined with the connectivity and digital smartness of the ABB Ability platform which makes it an outstanding solution.