DUBLIN, Dec. 18, 2017 /PRNewswire/ --
The "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" report has been added to Research and Markets' offering.
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 laminated busbar market.
The laminated busbar 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 laminated busbar 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 laminated busbar market, on the basis of insulation material, into epoxy powder coating, Teonex, Tedlar, Mylar, Nomex, and Kapton. Tedlar is the fastest-growing segment of the laminated busbar market. Tedlar 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 laminated busbar 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 laminated busbar 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 laminated busbar 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 laminated busbar market in the region.
The major factor restraining the growth of the laminated busbar 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 laminated busbar 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 laminated busbar market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Laminated Busbar Market, By End-User
7 Laminated Busbar Market, By Insulation Material
8 Laminated Busbar Market, By Conductor
9 Laminated Busbar Market, By Region
10 Competitive Landscape
11 Company Profiles
- Electronic Systems Packaging (ESP)
- Jans Copper
- Methode Electronics
- OEM Automatic
- Ryoden Kasei
- Shennan Circuits
- Shenzhen Woer New Energy
- Storm Power Components
- Sun.King Power Electronics
- Suzhou West Deane Machinery
- Zhuzhou Crrc Times Electric
For more information about this report visit https://www.researchandmarkets.com/research/vl87dk/laminated_busbar?w=5
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SOURCE Research and Markets