Busbars are essential electrical components that act as conductors, facilitating the collection and distribution of electric power. Made from multiple conductor materials like aluminum and copper, laminated busbars offer numerous advantages over single-layer busbars and cable conductors. They consist of multiple layers of conductive metal, designed with considerations for shape, length, and insulating materials. These busbars are often plated with different types of coatings to enhance conductivity. Laminated busbars find applications in various industries, tailored to different power conditions and requirements.
According to Data Bridge Market Research, the Laminated Busbar Market is expected to reach USD 4,750,742.74 thousand by 2030. The market is expected to grow with a CAGR of 6.2% in the forecast period of 2023 to 2030.
“Rise in the demand for electrification”
Industrial manufacturers are increasingly prioritizing sustainability by shifting towards electrifying their fleets, processes, and spaces, aligning with the overall energy transition in the economy. The global demand for electrification is rising due to higher electricity consumption and lower carbon dioxide emissions, which contribute to decarbonizing the economy and addressing climate change. Governments also support this trend by facilitating electricity access in rural areas and participating in smart city initiatives.
What restraints the growth of the laminated busbar market?
“High price volatility associated with raw materials”
The laminated busbar market faces high price volatility associated with raw materials. Fluctuations in copper, aluminum, insulating materials, and conductive laminate costs significantly impact manufacturing expenses. Supply-demand dynamics, geopolitical events, and market speculation influence these price fluctuations. Managing the volatility in raw material prices becomes crucial for market players to maintain profitability and competitiveness while ensuring cost-effective solutions for customers in the laminated busbar industry.
Segmentation: Global Laminated Busbar Market
The laminated busbar market is segmented on the basis of conductor, weight wise, shape wise, length, insulation material, plating, power rating, and end user.
- On the basis of conductor, the laminated busbar market is segmented into copper and aluminum.
- On the basis of weight wise, the laminated busbar market is segmented into more than 1 kg and less than 1 kg.
- On the basis of shape wise, the laminated busbar market is segmented into rectangle and chamfer.
- On the basis of length, the laminated busbar market is segmented into less than 1m, 1m to 2m, 2m to 3m, and more than 3m.
- On the basis of insulation material, the laminated busbar market is segmented into epoxy powder coating, polyester film, polyimide film, heat resistant fiber, polyester resin, and pvf film.
- On the basis of plating, the laminated busbar market is segmented into tin, nickel, and silver.
- On the basis of power rating, the laminated busbar market is segmented into medium power, high power, and low power.
- On the basis of end user, the laminated busbar market is segmented into energy and power, transportation, manufacturing, telecommunications, military and aerospace, utilities, automotive, metal and mining, residential, and others.
Regional Insights: Asia-Pacific dominates the Laminated Busbar Market
Asia-Pacific dominates globally, particularly in nations like China and India; the industrial sector is expanding significantly throughout Asia-Pacific. As a result, the market is expanding due to the rising demand for laminated busbars in sectors such as electric car manufacturing, data centers, and power generation.
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Recent Developments
- In September 2022, Molex announced the expansion of its manufacturing plant in Vietnam. This expansion will help support the growing demand for its products that are used in many different applications, which will help the company to offer 200 new jobs and manage the demand and supply of the product in the market by accelerating the manufacturing product facilities.
- In March 2021, Rittal GmbH & Co. K.G. announced the partnership with Stulz to provide made-to-measure data center infrastructure, consulting, support, and services. This partnership has ensured the business growth for power distribution systems which enhanced the revenue growth for the company.
The Prominent Key Players Operating in the Laminated Busbar Market Include:
- RYODEN KASEI CO., LTD. (Japan)
- Rittal GmbH & Co. K.G. (Germany)
- Suzhou West Deane New Power Electric Co., Ltd (W.D.I.) (China)
- Eaton (U.S.)
- E.M.S. Elektro Metall Schwanenmühle GmbH (Germany)
- Baknor (Canada)
- espbus.com (U.S.)
- Jans Copper Private Limited (India)
- Power Solutions Group (U.S.)
- Segue Electronics, Inc. (U.S.)
- Shanghai Eagtop Electronic Technology Co., Ltd. (China)
- Assemblage Paro Inc. (Canada)
- ABB (Switzerland)
- Sun.King Technology Group Limited (China)
- Storm Power Components (U.S.)
- MERSEN PROPERTY (France)
- Raychem RPG Private Limited (India)
- Rogers Corporation (U.S.)
- Zhejiang R.H.I. Electric Co., Ltd (China)
- AMPHENOL GLOBAL INTERCONNECT SYSTEMS (U.K.)
Above are the key players covered in the report, to know about more and exhaustive list of laminated busbar market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Laminated Busbar Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
