NEW YORK, Sept. 29, 2016 /PRNewswire/ -- "The laminated busbar market is projected to grow at a CAGR of 5.72% from 2016 to 2021"
The laminated busbar market is projected to reach USD 955.6 million by 2021, growing at a CAGR of 5.72% from 2016 to 2021. Laminated busbars are used in power electronics, alternative energy, transportation, aerospace & defence, industrial, datacenter, telecom, as well as in laboratory and research applications.
Increase in the development of smart cities, increase in the contribution of renewable energy sources to the global power generation mix, and increasing awareness about energy saving and efficiency are expected to drive the laminated busbar market. Low quality laminated busbars for different end use applications, are available in the grey market which is a restraint for established laminated busbar manufacturers.
"The laminated busbars with tedlar segment is expected to grow at the fastest CAGR from 2016 to 2021"
With regard to insulation material, the laminated busbar with tedlar segment is estimated to grow at the fastest CAGR. Tedlar meets all the U.S. Federal Aviation Administration and European Aviation Safety Agency's (FAA/EASA) fire, smoke and toxicity (FST) regulatory requirements, which means they can be used in the aerospace, transportation, architecture, and construction sectors.
"Europe: The largest market for laminated busbars"
Europe is currently the largest market for laminated busbars, closely followed by the Asia-Pacific. The European market is primarily driven by countries such as Germany, France, Russia, and the Rest of Europe, where there is a high demand for laminated busbars. The market in this region is projected to grow at a high rate, with Germany expected to dominate the market.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 35%, Tier 2- 45%, Tier 3- 20%
By Designation: C-Level- 35%, D-Level- 25%, Others- 40%
By Region: North America- 30%, Europe- 10%, Asia-Pacific- 20%, Middle East- 35%, Rest of the World- 5%
Note: The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 = >USD 20 billion, Tier 2 = From USD 10 billion to USD 20 billion, and Tier 3 =
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).
Scope of the Report:
- By Insulation Material
The laminated busbars market, based on insulation material, has been classified into epoxy powder coating, Kapton, Mylar, Nomex, Tedlar, and Teonex. These insulating materials are used as protective enclosures, coated around the busbars to prevent leakage of current from one phase of the busbar to another.
- By End-User
The laminated busbar market, based on end user, has been segmented into power electronics, alternative energy, transportation, aerospace & defense, telecom, datacenters, industrial, and others.
- By Region
The global laminated busbar market analyses with respect to five regions, namely, North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.
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