Laminated Busbar Market

Laminated Busbar Companies - Amphenol (US), Methode Electronics (US) and Mersen Group (France) are Key Players

The global market for laminated busbar is projected to grow from an estimated USD 863 million in 2023 to USD 1,296 million by 2030, demonstrating a CAGR of 6.0% during this seven-year period. A busbar, employed in electrical networks, is a metallic strip of either aluminum or copper supported by insulators. It serves the purpose of linking the electrical load and power supply, commonly found in distribution panels, switchboards, and switchgears across various establishments. The types of busbars include single conductor, multiple conductor, rigid, flexible, strain, insulated phase, and laminated. Specifically, laminated busbars involve multiple layers of conductive metal (copper or aluminum) separated by thin dielectric layers. Through heating and compression, these layers integrate to form a component that offers enhanced safety and reliability, proving cost-effective compared to alternative busbars. In the laminated busbar market, few prominent companies possess a strong regional presence and hold a commanding position. Key players in the laminated busbar market encompass Amphenol Corporation (US), Methode Electronics, Inc. (US), Mersen Group (France), Rogers Corporation (US), and Zhuzhou CRRC Times Electric Co., Ltd. (China).

Major companies like Amphenol Corporation (US), Methode Electronics, Inc. (US), Mersen Group (France), Rogers Corporation (US), and Zhuzhou CRRC Times Electric Co., Ltd. (China), Sun.King Technology Group Limited (China) have employed various growth strategies to enhance their standing in the laminated busbar market. These strategies include product launches, acquisitions, expansions, investments, and contracts. The objective for these leading firms in the laminated busbar market is to not only increase their market share but also to extend their geographical reach.

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Amphenol Corporation is a global manufacturer of interconnect products. The company engages in the design, production, and marketing of a wide range of electrical, electronic, and fiber-optic connectors, along with interconnect systems, antennas, sensors, sensor-based products, and specialized coaxial and high-speed cables. Operating through three distinct business segments—harsh environment solutions, communication solutions, and interconnect and sensor systems—Amphenol's interconnect and sensor systems segment, responsible for laminated busbars, emerged as the highest revenue-generating division in terms of net sales in 2022. Amphenol caters to diverse markets, providing equipment and services for automotive, broadband communications, commercial aerospace, industrial, information technology, data communications, military, mobile devices, and mobile networks. The company serves various end-users, including those in telecom, data solutions, and industrial applications. With manufacturing facilities spanning 30 countries, Amphenol's products reach customers in approximately 70 countries globally. The company's subsidiaries, such as Amphenol Adronics, Amphenol Advanced Sensors, Amphenol Air LB North America, Amphenol Borg, Amphenol China, Advanced Connector, Amphenol Commercial Interconnect Korea, Amphenol Japan, Amphenol LTW Technology, Amphenol Middle East Enterprises FZE, and Amphenol RF Asia, contribute to its widespread presence. In the laminated busbar market, Amphenol faces competition primarily from Rogers Corporation (US), Mersen (France), Methode Electronics (US), Ryoden (Japan), and Zhuzhou CRRC Times Electric (China).

Methode Electronics, Inc. stands as a global manufacturer specializing in component and subsystem devices. The company's diverse product range includes electrical devices, radio remote controls, electronic devices, and wireless devices. Operating across automotive, industrial, interface, and medical segments, Methode's industrial segment encompasses laminated busbars, along with the production of braided flexible cables, current-carrying laminated busbars and devices, and custom power-product assemblies. These offerings find applications in various markets, including aerospace, computers, industrial and power conversion, military, telecommunications, and transportation. Methode Electronics extends its global reach through subsidiaries such as Methode Electronics China (Singapore), Methode Electronics International GmbH (Germany), Methode Electronics Connectivity Technologies (Scotland), and Methode Electronics Ireland (Ireland). The company boasts manufacturing, design, and testing facilities across China, Egypt, Germany, India, Italy, Lebanon, Malta, Mexico, Singapore, Switzerland, the UK, and the US. Key manufacturing sites include Shanghai, China; Cairo, Egypt; Mriehel, Malta, and Monterrey, Mexico. Noteworthy competitors in the industry for Methode Electronics include Rogers (US), Mersen (France), Amphenol (US), and Zhuzhou CRRC Times Electric (China).

Mersen Group stands is a global leader in the provision of products and solutions in the realms of electrical power and advanced materials. The company operates through key business segments such as  advanced materials and electrical power. Within the advanced materials segment, Mersen focuses on the development and production of various advanced materials, such as graphite, silicon carbide, and boron nitride. In the electrical power segment, the company engages in the design, manufacturing, and sale of a diverse range of electrical protection products, including fuses, lightning arresters, and surge protectors. Notably, Mersen offers laminated busbars as part of its electrical power segment. Establishing a robust industrial and commercial network, Mersen has cultivated close ties with leading industrial players globally. The primary end-use industries for the company span process industries, energy, electronics, transportation, and chemicals. Mersen operates in 35 countries across all continents, boasting 52 industrial facilities and 15 research and development centers. Major competitors for Mersen include Amphenol (US) and Zhuzhou CRRC Times Electric (China).

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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

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Laminated Busbar Market Size,  Share & Growth Report
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