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, Heat-Resistant Fiber) Region - Global Forecast to 2030

Report Code: EP 4596 Jan, 2024, by marketsandmarkets.com

[192 Pages Report] The global laminated busbar market is projected to reach USD 1,296 million by 2030 from an estimated USD 863 million in 2023, at a CAGR of 6.0% during the forecast period. The infrastructure modernization, growing electricity demand, renewable energy projects, energy efficiency prioritization, technological advancements and adoption of electric vehicle are driving the market growth.

Laminated Busbar Market

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Laminated Busbar Market

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Laminated Busbar Market Dynamics

Driver: Increasing focus on renewable energy

Countries, both developed and developing, are modifying their energy policies to incorporate a substantial portion of power generation from renewable sources such as solar and wind. Financial incentives provided by government entities, coupled with promising returns, are attracting investments in renewable energy projects. Photovoltaic and wind generators, key contributors to renewable power, necessitate a dedicated protection system. Laminated busbars play a crucial role in connecting power-generating stations to switchyards and electrical grids, emerging as a vital component within electrical systems. Functioning as a pivotal element, laminated busbars ensure power system protection, regulate power supply by de-energizing equipment, and address faults in the system, thereby ensuring a dependable power supply. The escalating demand for clean energy has propelled the market for renewable generation and distribution, subsequently driving the global laminated busbar market.

Restraints: High initial costs of laminated busbars

The manufacturing process of laminated busbars, which involves intricate steps such as shaping insulation materials like epoxy-glass or silicone rubber to specific dimensions, positioning copper or aluminum conductors precisely within insulation layers, and bonding these layers through heat, pressure, or adhesive resins, contributes to their higher cost compared to traditional busbar designs. Rigorous testing is performed on each laminated busbar to ensure both its electrical properties and mechanical integrity. The utilization of specialized materials and the complexity of the manufacturing process collectively contribute to the elevated cost of laminated busbars. This higher initial cost can pose a significant barrier to adoption, particularly in applications where pricing is a crucial factor or in regions with limited budgets. Consequently, this challenge may impede the widespread acceptance of laminated busbars and decelerate market growth.

Opportunities: Adoption of High-Voltage Direct Current (HVDC) technology

Governments, driven by escalating environmental concerns, are increasingly investing in power generation based on renewable energy sources. Facilities generating renewable power—such as solar, onshore and offshore wind, biomass, hydroelectric, and geothermal plants—are often situated in remote areas. To connect these distant power generation sites and mitigate transmission losses, companies employ High Voltage Direct Current (HVDC) systems, known for their efficiency in long-distance power transmissions. The IEEE Transmission and Distribution Committee has compiled a list of HVDC projects, indicating plans for over five 800 kV HVDC projects to be commissioned globally by 2019. A growing trend in new or developing projects involves integrating renewable power generation sources with HVDC transmission links. The seamless operation of these HVDC projects necessitates laminated busbars for HVDC converter stations, ensuring a consistent power supply to the entire system, minimizing losses, and providing protection against faults. This trend presents a notable opportunity for manufacturers of laminated busbars in the market.

Challenges: Environmental concerns

Like other electrical components, environmental considerations arise in the manufacturing, usage, and disposal phases of laminated busbars. The production process of laminated busbars may involve the utilization of potentially hazardous materials like solvents, resins, and adhesives. If not managed correctly, these materials can release volatile organic compounds (VOCs), impacting air quality and contaminating water sources. Furthermore, the energy consumption associated with manufacturing can contribute to greenhouse gas emissions. In operational phases, laminated busbars, like all electrical conductors, generate heat, potentially contributing to overall energy consumption and causing thermal pollution that affects the surrounding environment. When reaching the end of their useful life, responsible disposal of laminated busbars is crucial. Improper disposal methods, such as landfilling, can result in the leaching of hazardous materials into the environment.

Laminated Busbar Market Value Chain

The market is characterized by the involvement of prominent companies that are well-established, financially sound, and possess considerable expertise in laminated busbar production. These firms exhibit a substantial market presence and offer a diverse range of products. Leveraging advanced technologies, they maintain extensive global sales and marketing networks. Key players in this market include Amphenol Corporation (US), Methode Electronics, Inc. (US), Mersen Group (France), Rogers Corporation (US), Sun.King Technology Group Limited (China), and Zhuzhou CRRC Times Electric Co., Ltd. (China).

Laminated Busbar Market

Polyester film segment, by insulation material, to capture the second-largest market share from 2023 to 2030.

 In 2022, the polyester film category constituted an 18.4% share of the laminated busbar market in terms of insulation material. Polyester film, characterized as a crystalline thermoplastic polyester, serves various purposes such as a wrapping material for food and drugs and a functional material for industrial components. Primarily utilized as a blending material to enhance the performance of polyethylene terephthalate (PET), it offers improved moisture barrier, gas barrier, heat resistance, and UV ray absorption. Polyester film finds applications in cosmetic and medical product containers due to its scratch- and heat-resistant properties. Notably, it possesses anti-hydrolysis and low oligomer extraction characteristics, factors that are anticipated to propel the polyester film segment throughout the forecast period.

Commercial segment, by end user, to emerge as third-largest segment of laminated busbar market.

In 2022, the commercial sector constituted a 23.6% share of the laminated busbar market. Laminated busbars find widespread application in power distribution equipment across various commercial establishments, including shopping malls, hotels, hospitals, office buildings, and data centers. Their preference over power cables is notable, especially in layouts where space is limited. Laminated busbars exhibit lower inductance compared to conventional wiring and cables, resulting in reduced power supply noise. This characteristic makes them particularly suitable for applications in low-noise operational environments, such as hospitals and hotels. Consequently, a high demand for laminated busbars is anticipated within the commercial segment.

Asia Pacific to capture the second-largest market size during forecast period.

In 2022, the Asia Pacific region held a significant 25.2% share in the laminated busbar market. This region, comprising China, India, Japan, South Korea, and the Rest of Asia Pacific (including Australia, Indonesia, and Singapore), is anticipated to exhibit the highest Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period. The robust growth is attributed to the coexistence of developing economies like China and India alongside advanced economies such as Japan and Australia. China, a pivotal global manufacturing hub, has sustained industrial output constituting 45% of its GDP since the 1990s. The market in Asia Pacific is flourishing due to escalating transmission & distribution network expansions and the progression of industrialization initiatives, particularly in emerging nations like India and China. According to the Indian Electrical and Electronics Manufacturer Association (IEEMA), India's electricity generation capacity is projected to surge from 200 GW in 2010 to surpass 800 GW by 2032 to meet escalating demands, necessitating an investment of approximately USD 300 billion in the next 3-4 years. India is actively engaged in numerous smart grid and substation projects to address the rising energy needs, thereby fostering demand for laminated busbars in the Asia Pacific region.

Laminated Busbar Market Size, and Share

Key Market Players

Amphenol Corporation (US), Methode Electronics, Inc. (US), Mersen Group (France), Rogers Corporation (US), Sun.King Technology Group Limited (China), Zhuzhou CRRC Times Electric Co., Ltd. (China), Ryoden Kasei Co., Ltd. (Japan), Shanghai Eagtop Electronics Technology Co., Ltd. (China), Shenzhen Busbar Sci-Tech Development Co., Ltd. (China), Storm Power Components (US)

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Scope of the Report

 

Report Metric

Details

Market Size available for years

2018–2030

Base year considered

2022

Forecast period

2023–2030

Forecast units

Value (USD Million)
Volume (Kiloton)

Segments covered

By Material, By End User, By Insulation Material

Geographies covered

Asia Pacific, North America, Europe, Middle East and Africa, and South America 

Companies covered

Amphenol Corporation (US), Methode Electronics, Inc. (US), Mersen Group (France), Rogers Corporation (US), Sun.King Technology Group Limited (China), Zhuzhou CRRC Times Electric Co., Ltd. (China), Ryoden Kasei Co., Ltd. (Japan), Shanghai Eagtop Electronics Technology Co., Ltd. (China), Shenzhen Busbar Sci-Tech Development Co., Ltd. (China), Storm Power Components (US), Suzhou West Deane Machinery (India), Electronics Systems Packaing LLC (US), Jans Copper Private Limited (India), Molex (US), Shenzhen Woer Electric Technology Co., Ltd. (China), Raychem RPG Private Limited (India), Zhejiang RHI Electric Co., Ltd. (China), Segue Electronics, Inc. (US), Kinto Group (China), EMS Industrial & Service Company (US)

The market is classified in this research report based on material, insulation material, end-user, and region.

Based on material, the laminated busbar market has been segmented as follows:
  • Copper
  • Aluminium
Based on insulation material, the market has been segmented as follows:
  • Epoxy Powder Coating
  • Polyester Film
  • PVF Films
  • Polyester Resin
  • Heat-Resistant Fiber
  • Polymide Film
Based on end user, the laminated busbar market has been segmented as follows:
  • Utilities
  • Industrial
  • Commercial
  • Residential
Based on regions, the market has been segmented as follows:
  • North America
  • Asia Pacific
  • South America
  • Europe
  • Middle East and Africa

Recent Developments

  • In April 2023, Amphenol acquired the North American Cable and related Services Business from Radio Frequency Systems (RFS).
  • In April 2023, Methode Electronics acquired Nordic Lights Group Corporation, a premium provider of high-quality lighting solutions.
  • In September 2022, Amphenol acquired ICA (Integrated Cable Assembly), a manufacturer of cable assemblies.
  • In July 2020, Mersen Group acquired the felt insulation business assets of the American company Americarb.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
           1.3.1 MARKET, BY MATERIAL
           1.3.2 MARKET, BY END USER
    1.4 MARKET SCOPE 
           1.4.1 MARKET SEGMENTATION
           1.4.2 REGIONAL SCOPE
    1.5 YEARS CONSIDERED 
    1.6 CURRENCY CONSIDERED 
    1.7 UNITS CONSIDERED 
    1.8 LIMITATIONS 
    1.9 STAKEHOLDERS 
    1.10 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA 
           FIGURE 1 LAMINATED BUSBAR MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 2 DATA TRIANGULATION METHODOLOGY
           2.2.1 SECONDARY DATA
                    2.2.1.1 List of major secondary sources
                    2.2.1.2 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primary interviews
                               FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
                               FIGURE 4 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR LAMINATED BUSBAR
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.3.3 DEMAND-SIDE ANALYSIS
                    TABLE 1 MARKET: INDUSTRY-/COUNTRY-WISE ANALYSIS
                    2.3.3.1 Demand-side assumptions
                    2.3.3.2 Demand-side calculations
           2.3.4 SUPPLY-SIDE ANALYSIS
                    FIGURE 7 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF LAMINATED BUSBARS
                    FIGURE 8 MARKET: SUPPLY-SIDE ANALYSIS
                    2.3.4.1 Supply-side assumptions
                    2.3.4.2 Supply-side calculations
    2.4 FORECAST 
    2.5 RISK ASSESSMENT 
    2.6 RECESSION IMPACT 
 
3 EXECUTIVE SUMMARY (Page No. - 46)
    TABLE 2 LAMINATED BUSBAR MARKET SNAPSHOT 
    FIGURE 9 COPPER SEGMENT TO HOLD LARGER MARKET SHARE IN 2030 
    FIGURE 10 UTILITIES SEGMENT TO LEAD LAMINATED BUSBAR MARKET IN 2029 
    FIGURE 11 EPOXY POWDER COATING SEGMENT TO ACCOUNT FOR LARGER SHARE OF LAMINATED BUSBAR MARKET IN 2029 
    FIGURE 12 EUROPE LED MARKET IN 2022 
 
4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LAMINATED BUSBAR MARKET 
           FIGURE 13 RISING DEMAND FOR SAFE AND SECURE ELECTRICAL DISTRIBUTION SYSTEMS TO DRIVE MARKET
    4.2 LAMINATED BUSBAR MARKET, BY MATERIAL, 2030 
           FIGURE 14 COPPER MATERIAL SEGMENT TO DOMINATE MARKET
    4.3 MARKET, BY END USER, 2030 
           FIGURE 15 UTILITIES SEGMENT TO DOMINATE MARKET
    4.4 EUROPEAN MARKET, BY INSULATION MATERIAL AND COUNTRY, 2022 
           FIGURE 16 EPOXY POWDER COATING SEGMENT AND GERMANY LED EUROPEAN MARKET IN 2022
    4.5 MARKET, BY REGION 
           FIGURE 17 MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 18 LAMINATED BUSBAR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increased demand for safe and secure electrical distribution systems
                               TABLE 3 FAILURE RATE OF EQUIPMENT USED IN INDUSTRIES
                    5.2.1.2 Significant operational benefits and cost-efficiency of laminated busbars
                    5.2.1.3 Strong focus on generating power using renewable energy
                               TABLE 4 SOLAR AND WIND RENEWABLE ENERGY TARGETS, BY MAJOR COUNTRY
                    5.2.1.4 High adoption of electric vehicles
                               FIGURE 19 GLOBAL ELECTRIC VEHICLE SALES, BY TYPE, 2020–2030
           5.2.2 RESTRAINTS
                    5.2.2.1 Growing competition from local firms or unorganized sector
                    5.2.2.2 High initial cost of laminated busbars
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Aging electrical infrastructure and rising electricity demand
                    5.2.3.2 Increasing adoption of HVDC technology
                    5.2.3.3 Ongoing advancements in insulation materials
           5.2.4 CHALLENGES
                    5.2.4.1 Volatility in raw material prices, especially copper
                               FIGURE 20 COPPER GRADE A CATHODE: PRICE TREND (IN USD PER METRIC TON), NOVEMBER 2018–SEPTEMBER 2023
                    5.2.4.2 Environmental impact of improper disposal
    5.3 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 21 PORTER’S FIVE FORCES ANALYSIS FOR MARKET
           TABLE 5 LAMINATED BUSBAR MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 BARGAINING POWER OF SUPPLIERS
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 THREAT OF SUBSTITUTES
                    TABLE 6 COMPARISON OF POTENTIAL SUBSTITUTES FOR LAMINATED BUSBARS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 TRADE ANALYSIS 
           5.4.1 TRADE SCENARIO FOR ELECTRICAL APPARATUS COVERED UNDER HS CODE 853690
           5.4.2 IMPORT SCENARIO
                    TABLE 7 IMPORT SCENARIO FOR PRODUCTS COVERED UNDER HS CODE 853690, BY COUNTRY, 2020–2022 (USD THOUSAND)
                    FIGURE 22 IMPORT TRADE VALUES FOR TOP FIVE COUNTRIES (HS CODE 853690), 2018–2022 (USD THOUSAND)
           5.4.3 EXPORT SCENARIO
                    TABLE 8 EXPORT SCENARIO FOR PRODUCTS COVERED UNDER HS CODE 853690, BY COUNTRY, 2020–2022 (USD THOUSAND)
                    FIGURE 23 EXPORT TRADE VALUES FOR TOP FIVE COUNTRIES (HS CODE 853690), 2018–2022 (USD THOUSAND)
    5.5 VALUE CHAIN ANALYSIS 
           FIGURE 24 LAMINATED BUSBAR VALUE CHAIN ANALYSIS
           5.5.1 RAW MATERIAL SUPPLIERS
           5.5.2 COMPONENT MANUFACTURERS
           5.5.3 LAMINATED BUSBAR MANUFACTURERS
           5.5.4 DISTRIBUTORS
           5.5.5 END USERS
 
6 LAMINATED BUSBAR MARKET, BY MATERIAL (Page No. - 66)
    6.1 INTRODUCTION 
           FIGURE 25 MARKET, BY MATERIAL, 2022
           TABLE 9 MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
           TABLE 10 LAMINATED BUSBAR MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
    6.2 COPPER 
           6.2.1 ABILITY OF COPPER TO WITHSTAND LOAD SURGES TO DRIVE DEMAND
                    TABLE 11 COPPER: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 12 COPPER: MARKET, BY REGION, 2023–2030 (USD MILLION)
    6.3 ALUMINUM 
           6.3.1 COST-EFFICIENCY OF ALUMINUM-LAMINATED BUSBARS TO BOOST DEMAND IN PRICE-SENSITIVE REGIONS
                    TABLE 13 ALUMINUM: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 14 ALUMINUM: MARKET, BY REGION, 2023–2030 (USD MILLION)
 
7 LAMINATED BUSBAR MARKET, BY INSULATION MATERIAL (Page No. - 70)
    7.1 INTRODUCTION 
           FIGURE 26 MARKET, BY INSULATION MATERIAL, 2022
           TABLE 15 MARKET, BY INSULATION MATERIAL, 2018–2022 (USD MILLION)
           TABLE 16 LAMINATED BUSBAR MARKET, BY INSULATION MATERIAL, 2023–2030 (USD MILLION)
    7.2 EPOXY POWDER COATING 
           7.2.1 GROWING USE OF BUSBARS IN SWITCHGEAR AND MOTOR DRIVE APPLICATIONS TO DRIVE MARKET
                    TABLE 17 EPOXY POWDER COATING: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 18 EPOXY POWDER COATING: MARKET, BY REGION, 2023–2030 (USD MILLION)
    7.3 POLYESTER FILM 
           7.3.1 INCREASING DEMAND FROM COSMETIC AND MEDICAL INDUSTRIES TO FUEL MARKET GROWTH
                    TABLE 19 POLYESTER FILM: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 20 POLYESTER FILM: MARKET, BY REGION, 2023–2030 (USD MILLION)
    7.4 POLYVINYL FLUORIDE FILM 
           7.4.1 RISING ADOPTION IN AEROSPACE, TRANSPORTATION, ARCHITECTURE INDUSTRIES TO FOSTER MARKET GROWTH
                    TABLE 21 POLYVINYL FLUORIDE FILM: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 22 POLYVINYL FLUORIDE FILM: MARKET, BY REGION, 2023–2030 (USD MILLION)
    7.5 POLYESTER RESIN 
           7.5.1 HIGH DURABILITY OF POLYESTER RESINS TO BOOST DEMAND
                    TABLE 23 POLYESTER RESIN: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 24 POLYESTER RESIN: MARKET, BY REGION, 2023–2030 (USD MILLION)
    7.6 HEAT-RESISTANT FIBER 
           7.6.1 HIGH RESISTANCE TO HEAT TO BOOST DEMAND FOR HEAT-RESISTANT FIBER-INSULATED LAMINATED BUSBARS IN HEAVY-DUTY APPLICATIONS
                    TABLE 25 HEAT-RESISTANT FIBER: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 26 HEAT-RESISTANT FIBER: MARKET, BY REGION, 2023–2030 (USD MILLION)
    7.7 POLYIMIDE FILM 
           7.7.1 EXCELLENT HEAT-RESISTANCE PROPERTY OF POLYAMIDE FILMS TO INCREASE DEMAND
                    TABLE 27 POLYIMIDE FILM: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 28 POLYIMIDE FILM: MARKET, BY REGION, 2023–2030 (USD MILLION)
 
8 LAMINATED BUSBAR MARKET, BY END USER (Page No. - 79)
    8.1 INTRODUCTION 
           FIGURE 27 MARKET, BY END USER, 2022
           TABLE 29 MARKET, BY END USER, 2018–2022 (USD MILLION)
           TABLE 30 MARKET, BY END USER, 2023–2030 (USD MILLION)
    8.2 UTILITIES 
           8.2.1 INCREASING SPENDING ON POWER INFRASTRUCTURE DEVELOPMENT TO BOOST DEMAND
                    TABLE 31 UTILITIES: LAMINATED BUSBAR MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 32 UTILITIES: MARKET, BY REGION, 2023–2030 (USD MILLION)
    8.3 INDUSTRIAL 
           8.3.1 RISING NEED FOR RELIABLE POWER SUPPLY IN VARIOUS INDUSTRIES TO DRIVE MARKET
                    TABLE 33 INDUSTRIAL: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 34 INDUSTRIAL: MARKET, BY REGION, 2023–2030 (USD MILLION)
    8.4 COMMERCIAL 
           8.4.1 LOW NOISE AND INDUCTANCE OF LAMINATED BUSBARS TO INCREASE ADOPTION IN HOSPITALS AND HOTELS
                    TABLE 35 COMMERCIAL: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 36 COMMERCIAL: MARKET, BY REGION, 2023–2030 (USD MILLION)
    8.5 RESIDENTIAL 
           8.5.1 INCREASING FOCUS ON ENHANCING ENERGY EFFICIENCY IN RESIDENTIAL SECTOR TO DRIVE DEMAND
                    TABLE 37 RESIDENTIAL: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 38 RESIDENTIAL: MARKET, BY REGION, 2023–2030 (USD MILLION)
 
9 LAMINATED BUSBAR MARKET, BY REGION (Page No. - 85)
    9.1 INTRODUCTION 
           FIGURE 28 ASIA PACIFIC TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD
           FIGURE 29 LAMINATED BUSBAR MARKET SHARE (VALUE), BY REGION, 2022
           TABLE 39 MARKET, BY REGION, 2018–2022 (USD MILLION)
           TABLE 40 MARKET, BY REGION, 2023–2030 (USD MILLION)
           TABLE 41 MARKET, BY REGION, 2018–2022 (KILOTON)
           TABLE 42 MARKET, BY REGION, 2023–2030 (KILOTON)
    9.2 NORTH AMERICA 
           9.2.1 NORTH AMERICA: RECESSION IMPACT
           9.2.2 BY MATERIAL
                    TABLE 43 NORTH AMERICA: LAMINATED BUSBAR MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                    TABLE 44 NORTH AMERICA: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
           9.2.3 BY END USER
                    TABLE 45 NORTH AMERICA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                    TABLE 46 NORTH AMERICA: MARKET, BY END USER, 2023–2030 (USD MILLION)
           9.2.4 BY INSULATION MATERIAL
                    TABLE 47 NORTH AMERICA: MARKET, BY INSULATION MATERIAL, 2018–2022 (USD MILLION)
                    TABLE 48 NORTH AMERICA: MARKET, BY INSULATION MATERIAL, 2023–2030 (USD MILLION)
           9.2.5 BY COUNTRY
                    TABLE 49 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 50 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
                    9.2.5.1 US
                               9.2.5.1.1 Increasing investments in grid modernization to boost demand
                               TABLE 51 US: LAMINATED BUSBAR MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 52 US: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 53 US: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 54 US: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.2.5.2 Canada
                               9.2.5.2.1 Rising focus on electric vehicle infrastructure development to drive market
                               TABLE 55 CANADA: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 56 CANADA: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 57 CANADA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 58 CANADA: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.2.5.3 Mexico
                               9.2.5.3.1 Pressing need to improve power infrastructure to drive market
                               TABLE 59 MEXICO: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 60 MEXICO: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 61 MEXICO: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 62 MEXICO: MARKET, BY END USER, 2023–2030 (USD MILLION)
    9.3 EUROPE 
           9.3.1 EUROPE: RECESSION IMPACT
                    FIGURE 30 EUROPE: MARKET SNAPSHOT
           9.3.2 BY MATERIAL
                    TABLE 63 EUROPE: LAMINATED BUSBAR MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                    TABLE 64 EUROPE: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
           9.3.3 BY END USER
                    TABLE 65 EUROPE: MARKET, BY END USER, 2018–2022 (USD MILLION)
                    TABLE 66 EUROPE: MARKET, BY END USER, 2023–2030 (USD MILLION)
           9.3.4 BY INSULATION MATERIAL
                    TABLE 67 EUROPE: MARKET, BY INSULATION MATERIAL, 2018–2022 (USD MILLION)
                    TABLE 68 EUROPE: MARKET, BY INSULATION MATERIAL, 2023–2030 (USD MILLION)
           9.3.5 BY COUNTRY
                    TABLE 69 EUROPE: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 70 EUROPE: MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
                    9.3.5.1 UK
                               9.3.5.1.1 Expanding power distribution network to fuel market growth
                               TABLE 71 UK: LAMINATED BUSBAR MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 72 UK: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 73 UK: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 74 UK: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.3.5.2 Germany
                               9.3.5.2.1 Growing manufacturing and renewable energy sectors to drive market
                               TABLE 75 GERMANY: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 76 GERMANY: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 77 GERMANY: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 78 GERMANY: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.3.5.3 Russia
                               9.3.5.3.1 Urgent need to upgrade aging power infrastructure to accelerate market growth
                               TABLE 79 RUSSIA: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 80 RUSSIA: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 81 RUSSIA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 82 RUSSIA: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.3.5.4 France
                               9.3.5.4.1 Increasing investments in renewable energy projects to boost demand s
                               TABLE 83 FRANCE: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 84 FRANCE: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 85 FRANCE: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 86 FRANCE: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.3.5.5 Rest of Europe
                               TABLE 87 REST OF EUROPE: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 88 REST OF EUROPE: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 89 REST OF EUROPE: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 90 REST OF EUROPE: MARKET, BY END USER, 2023–2030 (USD MILLION)
    9.4 ASIA PACIFIC 
           9.4.1 ASIA PACIFIC: RECESSION IMPACT
                    FIGURE 31 ASIA PACIFIC: MARKET SNAPSHOT
           9.4.2 BY MATERIAL
                    TABLE 91 ASIA PACIFIC: LAMINATED BUSBAR MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                    TABLE 92 ASIA PACIFIC: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
           9.4.3 BY END USER
                    TABLE 93 ASIA PACIFIC: MARKET, BY END USER, 2018–2022 (USD MILLION)
                    TABLE 94 ASIA PACIFIC: MARKET, BY END USER, 2023–2030 (USD MILLION)
           9.4.4 BY INSULATION MATERIAL
                    TABLE 95 ASIA PACIFIC: MARKET, BY INSULATION MATERIAL, 2018–2022 (USD MILLION)
                    TABLE 96 ASIA PACIFIC: MARKET, BY INSULATION MATERIAL, 2023–2030 (USD MILLION)
           9.4.5 BY COUNTRY
                    TABLE 97 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 98 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
                    9.4.5.1 China
                               9.4.5.1.1 Increased government spending in power generation and renewable energy projects to contribute to market growth
                               TABLE 99 CHINA: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 100 CHINA: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 101 CHINA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 102 CHINA: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.4.5.2 Japan
                               9.4.5.2.1 Increasing investments in solar, wind, hydro, and biomass projects to create lucrative opportunities
                               TABLE 103 JAPAN: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 104 JAPAN: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 105 JAPAN: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 106 JAPAN: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.4.5.3 India
                               9.4.5.3.1 Pressing need to upgrade existing power grids to boost demand
                               TABLE 107 INDIA: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 108 INDIA: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 109 INDIA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 110 INDIA: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.4.5.4 South Korea
                               9.4.5.4.1 Increasing investments in marine energy projects to boost demand
                               TABLE 111 SOUTH KOREA: LAMINATED BUSBAR MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 112 SOUTH KOREA: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 113 SOUTH KOREA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 114 SOUTH KOREA: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.4.5.5 Rest of Asia Pacific
                               TABLE 115 REST OF ASIA PACIFIC: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 116 REST OF ASIA PACIFIC: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 117 REST OF ASIA PACIFIC: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 118 REST OF ASIA PACIFIC: MARKET, BY END USER, 2023–2030 (USD MILLION)
    9.5 SOUTH AMERICA 
           9.5.1 SOUTH AMERICA: RECESSION IMPACT
           9.5.2 BY MATERIAL
                    TABLE 119 SOUTH AMERICA: LAMINATED BUSBAR MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                    TABLE 120 SOUTH AMERICA: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
           9.5.3 BY END USER
                    TABLE 121 SOUTH AMERICA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                    TABLE 122 SOUTH AMERICA: MARKET, BY END USER, 2023–2030 (USD MILLION)
           9.5.4 BY INSULATION MATERIAL
                    TABLE 123 SOUTH AMERICA: MARKET, BY INSULATION MATERIAL, 2018–2022 (USD MILLION)
                    TABLE 124 SOUTH AMERICA: MARKET, BY INSULATION MATERIAL, 2023–2030 (USD MILLION)
           9.5.5 BY COUNTRY
                    TABLE 125 SOUTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 126 SOUTH AMERICA: MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
                    9.5.5.1 Brazil
                               9.5.5.1.1 Robust investments in thermal power generation to boost demand
                               TABLE 127 BRAZIL: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 128 BRAZIL: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 129 BRAZIL: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 130 BRAZIL: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.5.5.2 Argentina
                               9.5.5.2.1 Growing demand for power to drive market
                               TABLE 131 ARGENTINA: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 132 ARGENTINA: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 133 ARGENTINA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 134 ARGENTINA: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.5.5.3 Rest of South America
                               TABLE 135 REST OF SOUTH AMERICA: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 136 REST OF SOUTH AMERICA: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 137 REST OF SOUTH AMERICA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 138 REST OF SOUTH AMERICA: MARKET, BY END USER, 2023–2030 (USD MILLION)
    9.6 MIDDLE EAST & AFRICA (Page No. - 128)
           9.6.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
           9.6.2 BY MATERIAL
                    TABLE 139 MIDDLE EAST & AFRICA: LAMINATED BUSBAR MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                    TABLE 140 MIDDLE EAST & AFRICA: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
           9.6.3 BY END USER
                    TABLE 141 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                    TABLE 142 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2023–2030 (USD MILLION)
           9.6.4 BY INSULATION MATERIAL
                    TABLE 143 MIDDLE EAST & AFRICA: MARKET, BY INSULATION MATERIAL, 2018–2022 (USD MILLION)
                    TABLE 144 MIDDLE EAST & AFRICA: MARKET, BY INSULATION MATERIAL, 2023–2030 (USD MILLION)
           9.6.5 BY COUNTRY
                    TABLE 145 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 146 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
                    9.6.5.1 Saudi Arabia
                               9.6.5.1.1 Rising demand for busbars in power generation projects to drive market
                               TABLE 147 SAUDI ARABIA: LAMINATED BUSBAR MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 148 SAUDI ARABIA: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 149 SAUDI ARABIA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 150 SAUDI ARABIA: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.6.5.2 UAE
                               9.6.5.2.1 Booming construction sector to fuel market growth
                               TABLE 151 UAE: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 152 UAE: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 153 UAE: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 154 UAE: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.6.5.3 Qatar
                               9.6.5.3.1 Rising focus on increasing renewable energy share in energy mix to support market growth
                               TABLE 155 QATAR: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 156 QATAR: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 157 QATAR: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 158 QATAR: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.6.5.4 South Africa
                               9.6.5.4.1 Low carbon emission goals to boost market growth
                               TABLE 159 SOUTH AFRICA: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 160 SOUTH AFRICA: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 161 SOUTH AFRICA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 162 SOUTH AFRICA: MARKET, BY END USER, 2023–2030 (USD MILLION)
                    9.6.5.5 Rest of Middle East & Africa
                               TABLE 163 REST OF MIDDLE EAST & AFRICA: MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
                               TABLE 164 REST OF MIDDLE EAST & AFRICA: MARKET, BY MATERIAL, 2023–2030 (USD MILLION)
                               TABLE 165 REST OF MIDDLE EAST & AFRICA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                               TABLE 166 REST OF MIDDLE EAST & AFRICA: MARKET, BY END USER, 2023–2030 (USD MILLION)
 
10 COMPETITIVE LANDSCAPE (Page No. - 139)
     10.1 OVERVIEW 
     10.2 KEY PLAYER STRATEGIES 
               TABLE 167 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, APRIL 2019–MARCH 2023
     10.3 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 
               TABLE 168 MARKET: DEGREE OF COMPETITION
               FIGURE 32 LAMINATED BUSBAR MARKET SHARE ANALYSIS, 2022
     10.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS 
               FIGURE 33 REVENUE OF TOP PLAYERS IN MARKET, 2018–2022
     10.5 COMPANY EVALUATION MATRIX 
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PARTICIPANTS
             10.5.4 PERVASIVE PLAYERS
                       FIGURE 34 COMPANY EVALUATION MATRIX: MARKET, 2022
     10.6 COMPETITIVE SCENARIO 
               TABLE 169 MARKET: DEALS, JANUARY 2020–OCTOBER 2023
               TABLE 170 MARKET: OTHERS, MARCH 2020–OCTOBER 2023
 
11 COMPANY PROFILES (Page No. - 149)
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     11.1 KEY PLAYERS 
             11.1.1 AMPHENOL CORPORATION
                       TABLE 171 AMPHENOL CORPORATION: COMPANY OVERVIEW
                       FIGURE 35 AMPHENOL CORPORATION: COMPANY SNAPSHOT
                       TABLE 172 AMPHENOL CORPORATION: PRODUCTS OFFERED
                       TABLE 173 AMPHENOL CORPORATION: DEALS
                       TABLE 174 AMPHENOL CORPORATION: OTHERS
             11.1.2 METHODE ELECTRONICS, INC.
                       TABLE 175 METHODE ELECTRONICS, INC.: COMPANY OVERVIEW
                       FIGURE 36 METHODE ELECTRONICS, INC.: COMPANY SNAPSHOT
                       TABLE 176 METHODE ELECTRONICS, INC.: PRODUCTS OFFERED
                       TABLE 177 METHODE ELECTRONICS, INC: DEALS
             11.1.3 MERSEN GROUP
                       TABLE 178 MERSEN GROUP: COMPANY OVERVIEW
                       FIGURE 37 MERSEN GROUP: COMPANY SNAPSHOT
                       TABLE 179 MERSEN GROUP: PRODUCTS OFFERED
                       TABLE 180 MERSEN GROUP: DEALS
                       TABLE 181 MERSEN GROUP: OTHERS
             11.1.4 ROGERS CORPORATION
                       TABLE 182 ROGERS CORPORATION: COMPANY OVERVIEW
                       FIGURE 38 ROGERS CORPORATION: COMPANY SNAPSHOT
                       TABLE 183 ROGERS CORPORATION: PRODUCTS OFFERED
                       TABLE 184 ROGERS CORPORATION: DEALS
                       TABLE 185 ROGERS CORPORATION: OTHERS
             11.1.5 SUN.KING TECHNOLOGY GROUP LIMITED
                       TABLE 186 SUN.KING TECHNOLOGY GROUP LIMITED: COMPANY OVERVIEW
                       FIGURE 39 SUN.KING TECHNOLOGY GROUP LIMITED: COMPANY SNAPSHOT
                       TABLE 187 SUN.KING TECHNOLOGY GROUP LIMITED: PRODUCTS OFFERED
             11.1.6 ZHUZHOU CRRC TIMES ELECTRIC CO., LTD.
                       TABLE 188 ZHUZHOU CRRC TIMES ELECTRIC CO., LTD: COMPANY OVERVIEW
                       FIGURE 40 ZHUZHOU CRRC TIMES ELECTRIC CO., LTD: COMPANY SNAPSHOT
                       TABLE 189 ZHUZHOU CRRC TIMES ELECTRIC CO., LTD: PRODUCTS OFFERED
             11.1.7 RYODEN KASEI CO., LTD.
                       TABLE 190 RYODEN KASEI CO., LTD.: COMPANY OVERVIEW
                       TABLE 191 RYODEN KASEI CO., LTD.: PRODUCTS OFFERED
             11.1.8 SHANGHAI EAGTOP ELECTRONIC TECHNOLOGY CO., LTD. (EAGTOP)
                       TABLE 192 EAGTOP: COMPANY OVERVIEW
                       TABLE 193 EAGTOP: PRODUCTS OFFERED
             11.1.9 SHENZHEN BUSBAR SCI-TECH DEVELOPMENT CO., LTD.
                       TABLE 194 SHENZHEN BUSBAR SCI-TECH DEVELOPMENT CO., LTD.: COMPANY OVERVIEW
                       TABLE 195 SHENZHEN BUSBAR SCI-TECH DEVELOPMENT CO., LTD.: PRODUCTS OFFERED
             11.1.10 STORM POWER COMPONENTS
                       TABLE 196 STORM POWER COMPONENTS: COMPANY OVERVIEW
                       TABLE 197 STORM POWER COMPONENTS: PRODUCTS OFFERED
             11.1.11 SUZHOU WEST DEANE MACHINERY INC.
                       TABLE 198 SUZHOU WEST DEANE MACHINERY INC.: COMPANY OVERVIEW
                       TABLE 199 SUZHOU WEST DEANE MACHINERY INC.: PRODUCTS OFFERED
             11.1.12 ELECTRONIC SYSTEMS PACKAGING LLC
                       TABLE 200 ELECTRONIC SYSTEMS PACKAGING LLC: COMPANY OVERVIEW
                       TABLE 201 ELECTRONIC SYSTEMS PACKAGING LLC: PRODUCTS OFFERED
             11.1.13 JANS COPPER PRIVATE LIMITED
                       TABLE 202 JANS COPPER: COMPANY OVERVIEW
                       TABLE 203 JANS COPPER PRIVATE LIMITED: PRODUCTS OFFERED
             11.1.14 MOLEX
                       TABLE 204 MOLEX: COMPANY OVERVIEW
                       TABLE 205 MOLEX: PRODUCTS OFFERED
             11.1.15 SHENZHEN WOER ELECTRIC TECHNOLOGY CO., LTD.
                       TABLE 206 SHENZEN WOER ELECTRIC TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
                       TABLE 207 SHENZEN WOER ELECTRIC TECHNOLOGY CO., LTD.: PRODUCTS OFFERED
     11.2 OTHER PLAYERS 
             11.2.1 RAYCHEM RPG PRIVATE LIMITED
             11.2.2 ZHEJIANG RHI ELECTRIC CO., LTD.
             11.2.3 SEGUE ELECTRONICS, INC.
             11.2.4 KINTO GROUP
             11.2.5 EMS INDUSTRIAL & SERVICE COMPANY
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
 
12 APPENDIX (Page No. - 185)
     12.1 INSIGHTS FROM INDUSTRY EXPERTS 
     12.2 DISCUSSION GUIDE 
     12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.4 CUSTOMIZATION OPTIONS 
     12.5 RELATED REPORTS 
     12.6 AUTHOR DETAILS 

This study involved substantial endeavors to ascertain the current dimensions of the laminated busbars market. The process initiated with an extensive secondary research phase, collecting data concerning the market, related markets, and the broader industry. Subsequently, these findings, assumptions, and market size calculations underwent rigorous validation through primary research, consulting industry experts across the complete value chain. The overall market size was evaluated by conducting a country-specific analysis. Further segmentation of the market and cross-referencing of data were carried out to estimate the sizes of various segments and sub-segments within the market.

Secondary Research

In conducting this research, a diverse array of secondary sources was employed, encompassing directories, databases, and reputable references such as the Indian Electrical and Electronics Manufacturers' Association (India), The Organisation for Economic Co-operation and Development (OECD) (US), Factiva, World Bank, the US Department of Energy (DOE), International Wrought Copper Council (US), and the International Energy Agency (IEA). These sources played a pivotal role in acquiring valuable data for a comprehensive analysis of the global laminated busbar market, addressing technical, market-oriented, and commercial aspects. Additional secondary sources comprised annual reports, press releases, investor presentations, whitepapers, authoritative publications, articles authored by esteemed experts, information from industry associations, trade directories, and diverse database resources.

Primary Research

The market encompasses diverse stakeholders, including raw material suppliers, manufacturers, distributors, and end-users within the supply chain. The utility sector predominantly propels market demand, with additional contributions from growing industrial needs. To obtain comprehensive qualitative and quantitative insights, interviews were conducted with various primary sources representing both the supply and demand sides of the market. The breakdown below outlines the primary respondents engaged in the research study.

Laminated Busbar Market Size, and Share

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Market Size Estimation

Both top-down and bottom-up methodologies were employed to determine and validate the dimensions of the global laminated busbar market and its associated submarkets. Through secondary research, key application areas within the market were identified, and their regional market shares were assessed using a combination of primary and secondary research methods. The information integrated into the study is derived from the annual and financial reports of leading market players, along with insights from interviews with industry experts such as CEOs, VPs, directors, sales managers, and marketing executives. These interactions provided essential quantitative and qualitative perspectives on the market. The subsequent sections detail the comprehensive process utilized to estimate the overall market size in this study.

Global Laminated Busbar Market Size: Bottom-Up Approach

Laminated Busbar Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

The process of establishing the overall market size followed the earlier described methodologies, incorporating the segmentation of the market into multiple segments and subsegments. To conclude the comprehensive market analysis and garner precise statistics for each market segment and subsegment, the application of data triangulation and market segmentation techniques was deemed appropriate. Data triangulation was achieved by scrutinizing various factors and trends from both demand and supply perspectives within the switchgear market ecosystem.

Market Definition

A busbar serves as a strip of either aluminum or copper conductor, upheld by insulators, facilitating the connection between electrical loads and power supplies in an electrical network. Predominantly present in distribution panels, switchboards, and switchgears, its application extends to nearly all establishments requiring electricity. Various types of busbars exist, including single conductor busbars, multiple conductor busbars, rigid busbars, flexible busbars, strain busbars, insulated phase busbars, and laminated busbars. A laminated busbar results from multiple layers of conductive metal (either copper or aluminum) separated by paper-thin dielectric layers, heated and compressed into an integrated component. Renowned for providing heightened safety and reliability compared to counterparts, laminated busbars also offer a more cost-effective solution than alternative busbars.

Key Stakeholders

  • Assembly and testing vendors
  • Consulting companies in the energy and power sector
  • Copper and aluminum raw material suppliers
  • Electric control panel manufacturing companies
  • Energy management, audit, and green building consulting companies
  • Environmental and industrial associations
  • Government and research organizations
  • Investment banks
  • Laminated busbar manufacturers, dealers, and suppliers
  • Organizations, forums, alliances, and associations
  • Renewable power generation and equipment manufacturing companies
  • Public & private power generation, transmission & distribution companies (utilities)
  • Substation equipment manufacturing companies
  • Smart grid project developers
  • Switchgear and power cable manufacturing companies
  • State and national regulatory authorities
  • Venture capital firms

Objectives of the Study

  • To define, describe, segment, and forecast the laminated busbar market based on material, end-user, insulation material, and region
  • To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the market with respect to individual growth trends, future expansions, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To analyze the value chain of the market
  • To forecast the growth of the market with respect to the main regions (Asia Pacific, Europe, North America, South America, and the Middle East & Africa)
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies*
  • To track and analyze competitive developments such as contracts & agreements, investments & expansions, new product developments, and mergers & acquisitions in the market

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Product Analysis

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Company Information

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Report Code
EP 4596
Published ON
Jan, 2024
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