HOME Research Insight Mersen (France) and Rogers Corporation (US) are the Key Players in the Laminated Busbar Market

Mersen (France) and Rogers Corporation (US) are the Key Players in the Laminated Busbar Market

The global laminated busbar market is projected to grow at a CAGR of 6.21%, from 2017 to 2022, to reach a projected USD 1,004.5 Million by 2022. The laminated busbar market is primarily driven by the continuously increasing demand for electric vehicles and hybrid electric vehicles along with the increased integration of renewable energies into main power supply grids.

Europe is expected to lead the laminated busbar market, from 2017 to 2022, followed by Asia Pacific and North America. The global market is dominated by a few players including Rogers Corporation (US), Amphenol Corporation (US), Mersen (France), Idealec SAS (France), and Sun King Power Electronics Group Limited (China).

The major growth strategies adopted by key players in the laminated busbar market include contracts & agreements and mergers & acquisitions. Contracts & agreements was the most commonly adopted strategy by market players from January 2014 to November 2017. Industry players also adopted the mergers & acquisitions strategy during the stated period.

Mersen is one of the world’s leading providers of products and solutions related to electrical power and advanced materials. The key business segments of the company include process industries, energy, electronics, transportation, and chemicals and pharmaceuticals. The company offers laminated busbars through its process industries and transportation divisions. Mersen opted both organic and inorganic growth strategies to maintain its position in the competitive market. In November 2014, the company invested USD 5.7 Million in a manufacturing and design facility in Tamilnadu, India. In July 2016, the company received a contract worth USD 8.5 Million from Bombardier Transportation (Canada) to supply cooling devices and laminated busbars.

Rogers is a global innovative solutions provider. It provides solutions for power electronics, high-frequency printed circuit materials, and advanced foams for cushioning and protective sealing. The company offers laminated busbars through its power electronics solutions division. Rogers uses organic and inorganic growth strategies to expand globally. In April 2016, the company launched the ROLINX CapEasy and ROLINX CapPerformance busbar assemblies. In January 2015, the company acquired Arlon, a leading global provider of high frequency circuit materials and engineered silicones. The company also entered into a strategic alliance with SBE to develop power distribution system technologies and services.

Related Reports:

Laminated Busbar Market by Insulation (Epoxy Powder Coating, Kapton, Mylar, Tedlar, Nomex, Tonnex), Conductor (Copper, Aluminum), End-User (Power Electronics, Alternative Energy, Transportation, Telecom), and Region - Global Forecast to 2022

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