The global laminated busbar market is projected to grow at a CAGR of 5.72% from 2016 to 2021, to reach a market size of USD 955.6 Million by 2021
This growth is attributed to the rise of renewable energy sources in power generation mix and increase in awareness about energy saving and efficiency.
The report segments the laminated busbar market based on end-user industry into power electronics, alternative energy, transportation, Aerospace & defense, industrial, datacenters, telecom, and other sectors (laboratory and research applications). The power electronics segment is expected to dominate the laminated busbar market during the forecast period.
Based on insulation material, the laminated busbar market is categorized into epoxy powder coating, kapton, mylar, nomex, tedlar, and teonex. The epoxy coating segment accounted for the largest market share in 2015. Epoxy powder coating has been increasingly adopted due to low cost and high dielectric strength. The tedlar insulation sub segment is expected to grow at the fastest CAGR during the forecast period.
Some of the leading players in the laminated busbar market include Amphenol Corporation (U.S.), Idealec SAS (France), Methode Electronics, Inc. (U.S.), Mersen S.A. (France), Rogers Corporation (U.S.), and Sun King Power Electronics Group Limited (China).
Contracts & agreements was the strategy most commonly adopted by top players in the market, constituting 43% of the total developments from 2013 to 2016. It was followed by expansions, new product development, and mergers & acquisitions.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Laminated Busbar Market, By End User
7 Laminated Busbars Market, By Insulation Material
8 Laminated Busbar Market, By Region
9 Competitive Landscape
10 Company Profiles
- Amphenol Corporation
- Auxel FTG
- Idealec SAS
- Mersen S.A.
- Methode Electronics, Inc.
- Rogers Corporation
- Ryoden Kasei Corporation
- Shanghai Eagtop Electronic Technology Co., Ltd.
- Shenzhen Busbar Sci-Tech Development Co., Ltd.
- Storm Power Components
- Sun.King Power Electronics Group Ltd.
- Suzhou West Deane Machinery Inc.
- Zhuzhou CRRC Times Electric Co., Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/klntpm/laminated_busbar
Research and Markets
Laura Wood, Senior Manager
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-laminated-busbar-market-2016-2021-with-amphenol-idealec-methode-electronics-inc-us-mersen-rogers--sun-king-power-electronics-dominating-the-955-million-market---research-and-markets-300343487.html
SOURCE Research and Markets