Laminated busbar market

Laminated Busbar Market by Material (Copper, Aluminum), End-User (Utilities, Industrial, Commercial, Residential), Insulation Material (Epoxy Powder Coating, Polyester Film, PVF Film, Polyester Resin, and Others), and Region - Global Forecast to 2025

 

The laminated busbar market is projected to grow at a CAGR of 6.6% from 2020 to 2025, to reach a market size of USD 1,183 million by 2025 from USD 861 million in 2020. Cost-efficiency and operational benefits of laminated busbars, demand for safe and secure electrical distribution systems, and focus on renewable energy are expected to drive the laminated busbar market during the forecast period.

 

 

 

The copper segment is expected to be the largest contributor to the market, by material, during the forecast period

The report segments the laminated busbar market based on material into copper and aluminum. The copper segment is projected to be the largest market for laminated busbars, by material, during the forecast period. Copper is the most widely used and technically the best material for making laminated busbars as it offers higher conductivity and better load surge withstand capacity.

The utilities segment is expected to be the largest market during the forecast period

The report segments the laminated busbar market based on end-user into utilities, industrial, commercial, and residential. The utilities segment is expected to hold the largest market share during the forecast period. Increasing investments for renewable generation and growing power distribution infrastructure are expected to drive the utilities segment of the laminated busbar market.

The epoxy powder coating segment is expected to be the largest contributor to the laminated busbar market, by insulation material, during the forecast period

The epoxy powder coating segment is expected to dominate the laminated busbar market by insulation material. Epoxy powder-coated laminated busbars are mainly used for switchgear and motor drive applications. These properties make these laminated busbars increasingly preferred by end-use industries and are likely to drive their demand during the forecast period.

Europe is expected to be the largest laminated busbar market during the forecast period

In this report, the laminated busbar market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe is expected to dominate the laminated busbar market during the forecast period. Increasing power demand and growing construction activities are likely to drive the laminated busbar market in Europe.

Key Market Players

The major players in the laminated busbar market include Rogers (US), Amphenol (US), Mersen (France), Methode (US), and Sun.King Power Electronics (China),Siichuan D&F Electric (China),etc.

Mersen (France) is one of the world’s leading providers of products and solutions related to electrical power and advanced materials. The company actively focuses on both organic and inorganic strategies to increase its global market share. For instance, in May 2018, Mersen acquired FTCap. This acquisition broadened the company’s current range of laminated busbars to capacitors. It was expected to strengthen Mersen’s power electronic systems product portfolio.

Sichuan D&F is one of the leading manufacturer for the laminated bus bars, rigid copper bus bar, flexible bus bar, as well as in electrical insulation materials and the fabricated electrical insulation structural parts,etc.

Another major player in the market is Rogers Corporation (US). The company opts for new product launches as its organic business strategy for increasing its clientele base globally. For instance, in April 2016, the company launched ROLINX CapEasy and ROLINX CapPerformance busbar assemblies of rating voltage 450–1,500 VDC and with a capacitance value of 75–1,600 microfarads.