$1.1+ Billion Laminated Busbar Market by Material, End-User, Insulation Material and Region - Global Forecast to 2025
DUBLIN, March 13, 2020 /PRNewswire/ -- The "Laminated Busbar Market by Material (Copper, Aluminum), End-User (Utilities, Industrial, Commercial, Residential), Insulation Material (Epoxy Powder Coating, Polyester Film, PVF Film, Polyester Resin, and Others), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The laminated busbar market is projected to reach USD 1,183 million, by 2025 from an estimated market size of USD 861 million in 2020, growing at a CAGR of 6.6%, from 2020 to 2025.
Cost-efficiency and operational benefits of laminated busbars, demand for safe and secure electrical distribution systems, and focus on renewable energy are expected to drive the laminated busbar market. Aging electrical infrastructure, rising electricity demand, and growing adoption of High-Voltage Direct Current (HVDC) technology are the major growth opportunities for the laminated busbar market.
The copper segment, by material, is expected to grow at the highest CAGR from 2020 to 2025
The copper segment is estimated to be the fastest growing market from 2020 to 2025. Copper is the most widely used and technically the best material for making a laminated busbar. It is preferable over aluminum as it offers higher conductivity and is better able to withstand load surges. Copper-laminated busbars are designed for industrial and commercial facilities to minimize initial costs and ensure safety. These factors are expected to boost the demand for copper laminated busbars during the forecast period.
Europe: The largest market for laminated busbar
Europe accounted for the largest size of the laminated busbar market, followed by Asia Pacific and North America in 2019. Increasing investments in power distribution infrastructure and rising economic developments due to growing industrialization and urbanization are driving the European laminated busbar market. France is estimated to be the fastest growing market in the region, followed by the markets in Russia and Germany, during the forecast period.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Laminated Busbar Market
4.2 Laminated Busbar Market, By Material
4.3 Laminated Busbar Market, By End-User
4.4 European Laminated Busbar Market, By Insulation Material & Country, 2019
4.5 Laminated Busbar Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Demand for Safe and Secure Electrical Distribution Systems
5.2.1.2 Cost-Efficiency and Operational Benefits of Laminated Busbars
5.2.1.3 Increasing Focus on Renewable Energy
5.2.2 Restraints
5.2.2.1 Growing Competition From the Unorganized Sector
5.2.3 Opportunities
5.2.3.1 Aging Electrical Infrastructure and Rising Electricity Demand
5.2.3.2 Adoption of the High-Voltage Direct Current (HVDC) Technology
5.2.4 Challenges
5.2.4.1 Volatility of Raw Material Prices, Especially Copper
5.2.4.2 Delay in Grid Expansion Projects
6 Laminated Busbar Market, By Material
6.1 Introduction
6.2 Copper
6.2.1 Ability to Withstand Load Surges is Expected to Drive the Segment
6.3 Aluminum
6.3.1 Cost-Efficiency of Aluminum-Laminated Busbars is Expected to Drive Their Demand in Price-Sensitive Regions
7 Laminated Busbar Market, By End-User
7.1 Introduction
7.2 Utilities
7.2.1 Increasing Spending in Power Infrastructure Development is Expected to Drive the Laminated Busbar Market
7.3 Industrial
7.3.1 Rising Need for Reliable Power Supply in Industries is Expected to Drive the Market
7.4 Commercial
7.4.1 Operational Benefits Such as Low-Noise and Reliable Power Supply are Expected to Drive the Demand for Laminated Busbars
7.5 Residential
7.5.1 Increasing Focus on Energy-Efficiency in the Residential Sector is Expected to Drive the Demand for Laminated Busbars
8 Laminated Busbar Market, By Insulation Material
8.1 Introduction
8.2 Epoxy Powder Coating
8.2.1 Demand for Cost-Effective Busbars for Switchgears and Motor Drive Applications is Likely to Drive the Market
8.3 Polyester Film
8.3.1 Increasing Demand for Polyester Films Across Industries is Expected to Drive the Market
8.4 PVF Film
8.4.1 Low Cost of PVF Films is Expected to Drive Their Demand in the Laminated Busbar Market
8.5 Polyester Resin
8.5.1 High Durability of Polyester Resins is Expected to Drive Their Demand in the Laminated Busbar Market
8.6 Heat-Resistant Fiber
8.6.1 High Resistance to Heat is Expected to Boost the Demand for Heat-Resistant Fiber-Insulated Laminated Busbars in Heavy-Duty Applications
8.7 Polyimide Film
8.7.1 Excellent Heat-Resistance Property is Likely to Drive the Demand for Polyimide Film-Insulated Laminated Busbars
9 Laminated Busbar Market, By Region
9.1 Introduction
9.2 North America
9.2.1 By Material
9.2.2 By End-User
9.2.3 By Insulation Material
9.2.4 By Country
9.2.4.1 US
9.2.4.1.1 Planned Investment in Grid Modernization, Transmission & Distribution Infrastructure, and Construction Sector are Expected to Drive the Demand for Laminated Busbars
9.2.4.2 Canada
9.2.4.2.1 Investment in Electric Vehicle Infrastructure and Growth in Renewable Energy Sources Installation are Expected to Drive the Market
9.2.4.3 Mexico
9.2.4.3.1 Increasing Investments for Developing the Power Infrastructure are Likely to Drive the Laminated Busbar Market
9.3 Europe
9.3.1 By Material
9.3.2 By End-User
9.3.3 By Insulation Material
9.3.4 By Country
9.3.4.1 UK
9.3.4.1.1 Increasing Power Demand and Expanding Power Distribution Network are Likely to Drive the Laminated Busbar Market
9.3.4.2 Germany
9.3.4.2.1 Renewable Energy Capacity Development Supported By Smart Grid Development is Driving the Laminated Busbar Market
9.3.4.3 Russia
9.3.4.3.1 Need for Upgrading Aging Power Infrastructure and Investments in Energy Projects are Likely to Drive the Market
9.3.4.4 France
9.3.4.4.1 Increasing Investments in Renewable Energy Generation Projects are Likely to Boost the Demand for Laminated Busbars
9.3.4.5 Rest of Europe
9.4 Asia Pacific
9.4.1 By Material
9.4.2 By End-User
9.4.3 By Insulation Material
9.4.4 By Country
9.4.4.1 China
9.4.4.1.1 Increased Government Spending in Power Generation Projects and Renewable Energy Projects is Contributing to the Growth of the Laminated Busbar Market
9.4.4.2 Japan
9.4.4.2.1 Increasing Investments in Renewable Energy Projects and Infrastructure Development are Likely to Create Lucrative Opportunities for the Laminated Busbar Market
9.4.4.3 India
9.4.4.3.1 Increasing Government Initiatives to Upgrade the Existing Power Grids and Rising Electricity Demand are Likely to Boost the Laminated Busbar Market
9.4.4.4 South Korea
9.4.4.4.1 Increasing Renewable Energy Infrastructure Developments are Likely to Boost the Demand for Laminated Busbars
9.4.4.5 Rest of Asia Pacific
9.5 South America
9.5.1 By Material
9.5.2 By End-User
9.5.3 By Insulation Material
9.5.4 By Country
9.5.4.1 Brazil
9.5.4.1.1 Robust Transmission & Distribution Infrastructural Development and Increased Demand for Renewable Energy are Likely to Boost the Demand for Laminated Busbars
9.5.4.2 Argentina
9.5.4.2.1 Growing Demand for Power and Increasing Investments in Renewables are Expected to Drive the Market
9.5.4.3 Rest of South America
9.6 Middle East & Africa
9.6.1 By Material
9.6.2 By End-User
9.6.3 By Insulation Material
9.6.4 By Country
9.6.4.1 Saudi Arabia
9.6.4.1.1 Increasing Investments in Power Generation Projects are Driving the Laminated Busbar Market in Saudi Arabia
9.6.4.2 UAE
9.6.4.2.1 Rising Investments in the Construction Sector are Likely to Drive the Laminated Busbar Market
9.6.4.3 Qatar
9.6.4.3.1 Increasing Investments in Renewable Energy and Infrastructure Development are Expected to Drive the Laminated Busbar Market
9.6.4.4 South Africa
9.6.4.4.1 Increasing Demand for Power is Likely to Boost the Growth of the Laminated Busbar Market in South Africa
9.6.4.5 Rest of Middle East & Africa
10 Competitive Landscape
10.1 Introduction
10.2 Competitive Leadership Mapping
10.2.1 Visionary Leaders
10.2.2 Innovators
10.2.3 Dynamic Differentiators
10.2.4 Emerging Players
10.3 Market Share Analysis, 2018
10.4 Competitive Scenario
10.4.1 New Product Launches
10.4.2 Contracts & Agreements
10.4.3 Investments & Expansions
10.4.4 Mergers & Acquisitions
11 Company Profiles
11.1 Amphenol
11.2 Methode Electronics
11.3 Mersen
11.4 Rogers
11.5 Sun.King Power Electronics
11.6 Zhuzhou CRRC Times Electric
11.7 Ryoden
11.8 Shanghai Eagtop Electronic Technology
11.9 Shenzhen Busbar Sci-Tech Development
11.10 Storm Power Components
11.11 Suzhou West Deane Machinery
11.12 Electronic Systems Packaging
11.13 Jans Copper
11.14 Molex
11.15 Shenzhen Woer New Energy Electrical Technology
11.16 Raychem Rpg
11.17 Zhejiang Rhi Electric
11.18 Segue Electronics
11.19 Kinto Electric
11.20 EMS Industrial & Service
12 Appendix
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