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
NEW YORK, March 10, 2020 /PRNewswire/ --
The laminated busbar market is projected to grow at a CAGR of 6.6% from 2020 to 2025
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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.
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—55%, Tier 2—25%, Tier 3—20%
• By Designation: C-Level—35%, D-Level—30%, Others—35%
By Region: North America—15%, Europe—20%, Asia Pacific—25%, Middle East—25%, South America—10%, Africa—5%
Note: The tier for companies has been defined on the basis of their total revenue, as of 2016: Tier I = > USD 5 billion, Tier II = from USD 1 billion to USD 5 billion, and Tier III = < USD 1 billion
The global laminated busbar market is dominated by leading players that have an extensive regional presence. The leading players in the laminated busbar market include Mersen (France), Rogers (US), Amphenol (US), Methode (US), and Sun.King Power Electronics (China).
Research Coverage:
The report defines, describes, and forecasts the laminated busbar market, by material, end-user, insulation material, and region.It also offers a detailed qualitative and quantitative analyses of the market.
The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges.It also covers various important aspects of the market.
These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the laminated busbar market.
Why buy this report?
1. The report identifies and addresses key markets for implementing laminated busbar systems in the power industry, which would help manufacturers review the growth in demand.
2. The report helps solution providers understand the pulse of the market and provide insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
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