This Report of Laminated busbar market Eliminates all Myth about Industry 2022

The laminated busbar market is projected to be USD 743.2 million by 2017 and expected to grow at a CAGR of 6.21%, during the forecast period, to reach a market size of USD 1,004.5 million by 2022. The continuously increasing demand for electric vehicles (EVs) and hybrid electric vehicle (HEVs), along with the growing integration of renewable energies into main power supply grids is driving the laminated busbar market.

For an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the laminated busbar market. These include Rogers Corporation (US), Amphenol Corporation (US), Mersen (France), Idealec SAS (France), and Sun King Power Electronics Group Limited (China). These players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

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The laminated busbar market has been segmented, by end-user, into power electronics, alternative energy, transportation, telecom, datacenters, aerospace and defense, industrial, and others. The power electronics segment led the laminated busbar market in 2016. Laminated busbars are mainly used in the parallel battery connection and wiring of EVs and HEVs. The increasing preference for clean, renewable energy sources is a major factor for the growth of the power electronics, alternative energy, and transportation end-user segments.

The report segments the laminated busbar market, on the basis of insulation material, into epoxy powder coating, Teonex, Tedlar, Mylar, Nomex, and Kapton. Tedlar is the fastest-growing segment of the laminated busbar market. Tedlar is mainly used for harsh environments as it performs exceptionally in high temperature and high pressure applications.

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On the basis of conductor material type, the laminated busbar market has been segmented into copper and aluminum. The copper segment is expected to be the fastest-growing segment during the forecast period. The superior thermal properties of copper material such as high conductivity, resistance to damage, and lower coefficient of linear expansion have resulted in copper conductors being preferred over aluminum.

In this report, the laminated busbar market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia Pacific is expected to be the fastest-growing market for laminated busbars during the forecast period. Asia Pacific is home to 2 of the fastest-growing economies, India and China. In 2016, China overtook the US in terms of the number of new registrations of EV and EHV. China is also a major renewable energy producer. China’s ambitious goal to curb pollution and increase the share of renewable energy in its primary energy mix is a major factor in the growth of the laminated busbar market.

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The major factor restraining the growth of the laminated busbar market is the unorganized market in countries such as China and India. Fluctuations in the prices of raw materials are the main challenge faced by players in the laminated busbar market.

Some of the major players in the laminated busbar market are Rogers Corporation (US), Amphenol Corporation (US), Mersen (France), Idealec SAS (France), and Sun King Power Electronics Group Limited (China). These players have adopted growth strategies such as new product launches, contracts & agreements, mergers & acquisitions, and expansions to capture a larger share of the laminated busbar market.

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