Laminated busbar market Latest Industry Trends & Forecast to 2016-2022
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 power electronics and silicon carbide segment is expected to be the largest market for laminated busbars, by end-user, during the forecast period.
Laminated busbars are used in a wide range of power electronics and silicon carbide applications. The increased adoption of electric vehicles, hybrid electric vehicles, and motor drives is leading to the increased demand for power stacks. These factors are expected to drive the power electronics and silicon carbide end-user segment of the laminated busbar market, during the forecast period.
The epoxy powder coating segment is expected to be the largest segment of the laminated busbar market in 2017
The epoxy powder coating segment is expected to be the largest market for laminated busbars, by insulation, in 2017. Epoxy materials are known for their excellent adhesion, chemical and heat resistance, excellent mechanical properties, and very good electrical insulating properties. Epoxy-based insulation is relatively cheaper than other insulation materials, leading to the segment accounting for the largest expected market share in 2017.
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Research Coverage:
The report provides a picture of the laminated busbar market across the various end-user segments and regions. It aims at estimating the market size and future growth potential of the market across different segments, such as insulation material, conductor, end-user, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
The report provides insights on the following pointers:
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the laminated busbar market
- Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the laminated busbar market across regions
- Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global laminated busbar market
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Why buy this report?
- The report identifies and addresses key markets for the implementation of laminated busbars in the various end-user segments, which would help manufacturers review the growth in demand.
- The report helps solutions providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.
- The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
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