Laminated Busbar Market

Laminated Busbar Market by Insulation (Epoxy Powder Coating, Polyimide film, Polyester Resin, PVF Films, Heat Resistant Fiber, Polyester Film), Conductor (Copper, Aluminum), End-User (Power Electronics, Alternative Energy, Transportation, Telecom), and Region - Global Forecast to 2022

Report Code: EP 4596 Oct, 2019, by marketsandmarkets.com

The laminated busbar market is projected to reach USD 1,004.5 Million by 2022 from USD 743.2 Million in 2017, at a CAGR of 6.21% from 2017 to 2022.

The growth of the laminated busbar can be attributed to the increased adoption of electric vehicles and hybrid electric vehicles, along with the increased share of renewable energies in the primary energy mix. The market has been segmented by end-user, insulation material, conductor, and region.

Selected Market Dynamics in Laminated Busbar Market

Increasing demand from hybrid & electric vehicles

Internal combustion engine vehicles are one of the major contributors to the increased pollution in metro cities around the world. The governments around the world are pushing for clean transport technologies. Initiatives to reduce pollution in major metro areas around the world is the main driver for the hybrid and electrical vehicles market.

Hybrid and electrical vehicles require a considerable amount of copper compared to conventional internal combustion engine vehicles. According to the International Copper Association’s (ICA) recent study, titled Copper Intensity in the Electrification of Transport and the Integration of Energy Storage, internal combustion engine vehicles utilize 23 kg of copper for electrical wiring, hybrid electric vehicles utilize 40 kg of copper, and battery electric vehicles utilize 83 kg of copper. Hybrid and electric vehicles utilize copper for the batteries, copper winding in the motor, busbars, and charging infrastructure.

According to the IEA report on electric vehicles in 2017, the global electric car fleet reached 2 million units in 2016 with 750 thousand registrations of new vehicles in 2016. China became the largest market for electrical cars in 2016 surpassing the US. The government in China introduced new rules for manufacturers of electric cars. According to the new rules, electric vehicles must constitute at least 10% of each automaker’s production. Aggressive government policies in countries such as China, the US, Germany, and the UK are creating the demand for electric vehicles.

According to the International Copper Association’s (ICA) recent study, titled Copper Intensity in the Electrification of Transport and the Integration of Energy Storage, the demand for electric vehicles is on the rise. Hybrid electric vehicles are expected to dominate the global electrical vehicles market during the forecast period. The global electric vehicle fleet size is expected to reach around 12 million units by 2022 and around 27 million by 2027. The increased demand for electric vehicles is expected to drive the global laminated busbar market during the forecast period.

Unorganized market providing low-quality and inexpensive products

Companies providing cheap and low-quality products in emerging markets such as China and India are giving stiff competition to global market players. These small players, who have cropped up recently, use low-grade raw materials for manufacturing laminated busbars. Due to the inexpensive raw materials and extensive local supply network, these players easily beat international players in the local markets. This acts as a restraint for the laminated busbar market.

Objectives of the Study

  • To define, describe, and forecast the market by end-user, insulation material, conductor, and region
  • To provide detailed information regarding 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 prospects, and the contribution of each segment to the market
  • To track and analyze competitive developments, such as contracts & agreements, new product launches, expansions and investments, and partnerships and collaborations, in the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The research methodology has been explained below.

  • Study of the annual revenues and market developments of the major players that provide laminated busbars
  • Assessment of future trends and growth of end-users
  • Assessment of the market with respect to the various insulation materials used for different applications
  • Study of the contracts and developments related to the market by key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies supplying laminated busbars across the globe

After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

Laminated Busbar Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

Laminated busbars are engineered components, in which copper or aluminum conductor layers are coated with dielectric insulation materials. The laminated busbar starts with the parent busbar market. Laminated busbars manufacturers either produce busbars in-house or import them from other busbar manufacturers. Laminated busbars are then supplied to various end-users in the power electronics and silicon carbide, transportation, alternative energy, and datacentres sectors. The major players in the market include Rogers Corporation (US), Amphenol Corporation (US), Mersen (France), Idealec SAS (France), and Sun King Power Electronics Group Limited (China).

Target Audience:

The report’s target audience includes:

  • Laminated busbar manufacturers, dealers, and suppliers
  • Renewable power generation and equipment manufacturing companies
  • Switchgear and power cable manufacturing companies
  • Energy management, audit, and green building consulting companies
  • Copper and aluminum raw material suppliers
  • Government and research organizations
  • Environmental and industrial associations
  • Banks, venture capitalists, financial institutions, and other investors
  • Market research and consulting firms

Scope of the Report:

    By Insulation

    • Epoxy Powder Coating
    • Polyester Film
    • PVF Film
    • Polyester Resin
    • Heat Resistant Fiber
    • Polyimide Film

    By End-User

    • Power Electronics and Silicon Carbide
    • Alternative Energy
    • Transportation
    • Telecom
    • Datacenters
    • Aerospace and Defense
    • Industrial
    • Others

    By Conductor

    • Copper
    • Aluminum

    By Region

    • North America
    • Europe
    • Asia Pacific
    • South America
    • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of region/country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)

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 market.

The 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 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 market, based on insulation material, into epoxy powder coating, Polyester Film, PVF Films, Polyester Resin, Heat Resistant Fiber, and Polyimide film. PVF Films is the fastest-growing segment of the market. PVF Films is mainly used for harsh environments as it performs exceptionally in high temperature and high pressure applications.

On the basis of conductor material type, the 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 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 market. Other countries in Asia Pacific, such as South Korea and Japan, are also investing heavily in clean and renewable energy technologies, which is expected to drive the market in the region.

Laminated Busbar Market

The major factor restraining the growth of the 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 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 market.

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

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in the Laminated Busbar Market
    4.2 Laminated Busbar, By Conductor
    4.3 European Laminated Busbar, By End-User  & Country
    4.4 Laminated Busbar, By Insulation Material

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Advantages of Busbars Over Cables
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Demand for Hybrid & Electric Vehicles
                    5.3.1.2 Increase in Renewable Energy Integration
                    5.3.1.3 Increasing Awareness About Energy Saving and Efficiency
           5.3.2 Restraints
                    5.3.2.1 Unorganized Market Providing Low-Quality and Inexpensive Products
           5.3.3 Opportunities
                    5.3.3.1 Growing Switchgears Market
                    5.3.3.2 Growing Number of Smart Cities
           5.3.4 Challenges
                    5.3.4.1 Instability of Raw Material Prices

6 Laminated Busbar, By End-User (Page No. - 37)
    6.1 Introduction
    6.2 Power Electronics & Silicon Carbides
    6.3 Alternative Energy
    6.4 Transportation (Alternative Fuel System, Traction Drive Among Other)
    6.5 Telecom
    6.6 Datacenters
    6.7 Aerospace & Defense
    6.8 Industrial (Motor Drives, Forklift Truck, Among Others)
    6.9 Others (Laboratories & Research Applications)

7 Laminated Busbar Market, By Insulation Material (Page No. - 48)
    7.1 Introduction
    7.2 Epoxy Powder Coating
    7.3 Polyester Film
    7.4 PVF Films
    7.5 Polyester Resin
    7.6 Heat-Resistant Fiber
    7.7 Polyimide Film

8 Laminated Busbar, By Conductor (Page No. - 54)
    8.1 Introduction
    8.2 Copper
    8.3 Aluminum

9 Laminated Busbar, By Region (Page No. - 58)
    9.1 Introduction
    9.2 Europe
           9.2.1 Germany
           9.2.2 France
           9.2.3 UK
           9.2.4 Russia
           9.2.5 Rest of Europe
    9.3 Asia Pacific
           9.3.1 China
           9.3.2 Japan
           9.3.3 India
           9.3.4 South Korea
           9.3.5 Rest of Asia Pacific
    9.4 North America
           9.4.1 US
           9.4.2 Canada
           9.4.3 Mexico
    9.5 South America
           9.5.1 Brazil
           9.5.2 Argentina
           9.5.3 Rest of South America
    9.6 Middle East & Africa
           9.6.1 Saudi Arabia
           9.6.2 UAE
           9.6.3 Qatar
           9.6.4 South Africa
           9.6.5 Rest of the Middle East & Africa

10 Competitive Landscape (Page No. - 95)
     10.1 Overview
     10.3 Market Ranking Analysis
     10.4 Competitive Scenario
             10.4.1 Competitive Situation & Trends
             10.4.2 Contracts & Agreements
             10.4.3 Mergers & Acquisitions
             10.4.4 Expansions
             10.4.5 New Product Launches
             10.4.6 Partnerships

11 Company Profiles (Page No. - 100)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     11.1 Mersen
     11.2 Methode Electronics
     11.3 Rogers
     11.4 Amphenol
     11.5 Zhuzhou Crrc Times Electric
     11.6 Sun.King Power Electronics
     11.7 OEM Automatic
     11.8 Idealac
     11.9 Electronic Systems Packaging (ESP)
     11.10 Ryoden Kasei
     11.11 Suzhou West Deane Machinery
     11.12 Storm Power Components
     11.13 Shennan Circuits
     11.14 Jans Copper
     11.15 Shenzhen Woer New Energy
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 

12 Appendix (Page No. - 132)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (76 Tables)

Table 1 Laminated Busbars Market Snapshot
Table 2 Market Size, By End-User, 2015–2022 (USD Million)
Table 3 Power Electronics & Silicon Carbides: Market Size, By Region, 2015–2022 (USD Million)
Table 4 Power Electronics & Silicon Carbides: Market Size, By Top Country of Each Region, 2015–2022 (USD Million)
Table 5 Alternative Energy: Market Size, By Region, 2015–2022 (USD Million)
Table 6 Alternative Energy: Market Size, By Top Country of Each Region, 2015–2022 (USD Million)
Table 7 Transportation: Market Size, By Region, 2015–2022 (USD Million)
Table 8 Transportation: Market Size, By Top Country of Each Region, 2015–2022 (USD Million)
Table 9 Telecom: Market Size, By Region, 2015–2022 (USD Million)
Table 10 Telecom: Market Size, By Top Country of Each Region, 2015–2022 (USD Million)
Table 11 Datacenters: Market Size, By Region, 2015–2022 (USD Million)
Table 12 Datacenters: Market Size, By Top Country of Each Region, 2015–2022 (USD Million)
Table 13 Aerospace & Defense: Market Size, By Region, 2015–2022 (USD Million)
Table 14 Aerospace & Defense: Market Size, By Top Country of Each Region, 2015–2022 (USD Million)
Table 15 Industrial: Market Size, By Region, 2015–2022 (USD Million)
Table 16 Industrial: Market Size, By Top Country of Each Region, 2015–2022 (USD Million)
Table 17 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 18 Others: Market Size, By Top Country of Each Region, 2015–2022 (USD Million)
Table 19 Market, By Insulation Material, 2015–2022 (USD Million)
Table 20 Epoxy Powder Coating: Market, By Region, 2015–2022 (USD Million)
Table 21 Polyester Film: Market, By Region, 2015–2022 (USD Million)
Table 22 PVF Films: Market, By Region, 2015–2022 (USD Million)
Table 23 Polyester Resin: Market, By Region, 2015–2022 (USD Million)
Table 24 Heat-Resistant Fiber: Market, By Region, 2015–2022 (USD Million)
Table 25 Polyimide Film: Market, By Region, 2015–2022 (USD Million)
Table 26 Market Size, By Conductor, 2015–2022 (USD Million)
Table 27 Copper: Market Size, By Region, 2015–2022 (USD Million)
Table 28 Aluminum: Market Size, By Region, 2015–2022 (USD Million)
Table 29 Market Size, By Region, 2015–2022 (USD Million)
Table 30 Europe: Market Size, By Country, 2015–2022 (USD Million)
Table 31 Europe: Market Size, By End-User, 2015–2022 (USD Million)
Table 32 Europe: Market Size, By Insulation Material, 2015–2022 (USD Million)
Table 33 Europe: Market Size, By Conductor, 2015–2022 (USD Million)
Table 34 Germany: Market Size, By End-User, 2015–2022 (USD Million)
Table 35 France: Market Size, By End-User, 2015–2022 (USD Million)
Table 36 UK: Market Size, By End-User, 2015–2022 (USD Million)
Table 37 Russia: Market Size, By End-User, 2015–2022 (USD Million)
Table 38 Rest of Europe: Market Size, By End-User, 2015–2022 (USD Million)
Table 39 Asia Pacific: Market Size, By Country, 2015–2022 (USD Million)
Table 40 Asia Pacific: Market Size, By End-User, 2015–2022 (USD Million)
Table 41 Asia Pacific: Market Size, By Insulation Material, 2015–2022 (USD Million)
Table 42 Asia Pacific: Market Size, By Conductor, 2015–2022 (USD Million)
Table 43 China: Market Size, By End-User, 2015–2022 (USD Million)
Table 44 Japan: Market Size, By End-User, 2015–2022 (USD Million)
Table 45 India: Market Size, By End-User, 2015–2022 (USD Million)
Table 46 South Korea: Market Size, By End-User, 2015–2022 (USD Million)
Table 47 Rest of Asia Pacific: Market Size, By End-User, 2015–2022 (USD Million)
Table 48 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 49 North America: Market Size, By End-User, 2015–2022 (USD Million)
Table 50 North America: Market Size, By Insulation Material, 2015–2022 (USD Million)
Table 51 North America: Market Size, By Conductor, 2015–2022 (USD Million)
Table 52 US: Market Size, By End-User, 2015–2022 (USD Million)
Table 53 Canada: Market Size, By End-User, 2015–2022 (USD Million)
Table 54 Mexico: Market Size, By End-User, 2015–2022 (USD Million)
Table 55 South America: Market Size, By Country, 2015–2022 (USD Million)
Table 56 South America: Market Size, By End-User, 2015–2022 (USD Million)
Table 57 South America: Market Size, By Insulation Material, 2015–2022 (USD Million)
Table 58 South America: Market Size, By Conductor, 2015–2022 (USD Million)
Table 59 Brazil: Market Size, By End-User, 2015–2022 (USD Million)
Table 60 Argentina: Market Size, By End-User, 2015–2022 (USD Million)
Table 61 Rest of South America: Market Size, By End-User, 2015–2022 (USD Million)
Table 62 Middle East & Africa: Market Size, By Country, 2015–2022 (USD Million)
Table 63 Middle East & Africa: Market Size, By End-User, 2015–2022 (USD Million)
Table 64 Middle East & Africa: Market Size, By Insulation Material, 2015–2022 (USD Million)
Table 65 Middle East & Africa: Market Size, By Conductor, 2015–2022 (USD Million)
Table 66 Saudi Arabia: Market Size, By End-User, 2015–2022 (USD Million)
Table 67 UAE: Market Size, By End-User, 2015–2022 (USD Million)
Table 68 Qatar: Market Size, By End-User, 2015–2022 (USD Million)
Table 69 South Africa: Market Size, By End-User, 2015–2022 (USD Million)
Table 70 Rest of the Middle East & Africa: Market Size, By End-User, 2015–2022 (USD Million)
Table 71 Market Developments Between 2014 and 2017
Table 72 Contracts & Agreements, 2014–2017
Table 73 Mergers & Acquisitions, 2014–2017
Table 74 Expansions, 2014–2017
Table 75 New Product Launches, 2014–2017
Table 76 Partnerships, 2014–2017


List of Figures (38 Figures)

Figure 1 Laminated Busbars Market Segmentation
Figure 2 Research Design
Figure 3 Breakdown of Primaries: By Company Type, Designation, & Region
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Assumptions of the Research Study
Figure 8 Market, By End-User, 2017–2022 (USD Million)
Figure 9 The Power Electronic Segment Led the Market in 2016
Figure 10 The Epoxy Powder Coating Segment Accounted for the Largest Share of the Laminated Busbar in 2016
Figure 11 The Copper Segment Led the Market During the Forecast Period
Figure 12 Contracts & Agreements Was the Key Strategy Adopted By Players in the Market
Figure 13 Opportunities in the Power Electronics & Silicon Carbides Segment of the Market, 2017–2022
Figure 14 The Copper Segment is Leading the Market
Figure 15 The Power Electronics Segment & the German Market Led the European Laminated Busbar Industry in 2016
Figure 16 The Epoxy Powder Coating Segment Led the Market in 2016
Figure 17 Market Dynamics for the Laminated Busbars Industry
Figure 18 Global Electric Car Stock, 2012–2016
Figure 19 Electric Vehicle Fleet Forecast, 2017–2022
Figure 20 Renewable Energy Investment & Capacity Addition, 2012–2016
Figure 21 Market, By End-User, 2016
Figure 22 Market, By Insulation Material, 2017–2022 (USD Million)
Figure 23 The Copper Segment is Expected to Lead the Market During the Forecast Period
Figure 24 Market, By Region, 2016
Figure 25 Asia Pacific is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 26 Europe: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Key Developments in the Market (2014–2017)
Figure 29 Market Ranking Based on Revenue, 2016
Figure 30 Mersen: Company Snapshot
Figure 31 SWOT Analysis: Mersen
Figure 32 Methode Electronics: Company Snapshot
Figure 33 SWOT Analysis: Methode
Figure 34 Rogers: Company Snapshot
Figure 35 Amphenol: Company Snapshot
Figure 36 Zhuzhou Crrc Times Electric: Company Snapshot
Figure 37 Sun.King Power Electronics: Company Snapshot
Figure 38 OEM Automatic: Company Snapshot


Request for detailed methodology, assumptions & how numbers were triangulated.

Please share your problem/objectives in greater details so that our analyst can verify if they can solve your problem(s).
  • Select all
  • News-Letters with latest Market insights
  • Information & discussion on the relevant new products and services
  • Information & discussion on Market insights and Market information
  • Information & discussion on our events and conferences
    • Select all
    • Email Phone Professional and social network (Linkedin, etc)
Report Code
EP 4596
Published ON
Oct, 2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Laminated Busbar Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home