Laminated Busbar Market Research Report
The GMI Research forecasts that the laminated busbar market
is witnessing an upsurge in demand during the forecast period. This is mainly
due to the strong demand for laminated busbars, the growing demand for
consistent, high-quality, and cost-effective power in various sectors, and the rising
focus on renewable energy.
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Laminated
Busbar Market’s leading Manufacturers:
·
Rogers Corporation
·
Amphenol Corporation
·
Mersen SA
·
Methode Electronics Inc
·
Sun.King Power Electronics
·
Auxel FTG
·
Idealec SAS
·
Ryoden Kasei Corporation
·
Shanghai Eagtop Electronic Technology
·
Chevron Corporation
Laminated
Busbar Market Dynamics (including market size, share, trends, forecast, growth,
forecast, and industry analysis)
Key Drivers
Some of the major factors surging the growth of the global laminated
busbar market include the strong demand for laminated busbars and the
growing focus on renewable energy. The acclerating demand for consistent,
high-quality, and cost-effective power in various sectors, followed by the
uninterruptible power supply (UPS) systems, will support a large range of power
generation technologies, which will fundamentally fuel the demand for the
market worldwide. A well-designed laminated bus bar offers mechanical
enhancement and electrical optimization within a UPS system. Laminated bus bars
provide various benefits like addressing component and personal safety issues,
better system cost, decreasing part count, and virtually eliminating assembly
errors. According to the laminated busbar market report, the growing
benefits of the solution is further anticipated to stimulate the growth of the
market. However, low-quality laminated bus bar wire and plates installed at
capacitor can create technical problems like heat loss and transmission.
Regional Drivers
Based on region, Europe is anticipated to increase at a
higher CAGR in the upcoming years due to the increasing share of renewable
energies, rising construction activities, and growing power demand. Furthermore,
the Asia-Pacific region is projected to dominate the market over the forecast
period. This is attributed to the rising support from the government on
renewable energy projects and the increasing focus on decreasing the emission
of greenhouse gases.
Insulation Material
Segment Drivers
Based on insulation material, the market is segmented into
epoxy powder coating, polyester film, PVF film, polyester resin, heat-resistant
fiber, and polyimide film. The epoxy powder coating segment is expected to
increase at a higher CAGR in the upcoming years. Epoxy powder coated laminated
bus bars are mostly utilized for switch gears and motor drive applications.
These features make them more suitable for multiple industries and surge the
demand of the segment in the laminated busbar market.
Laminated
Busbar Market Segmentation:
Segmentation by Material:
·
Copper
·
Aluminium
Segmentation by End-User:
·
Utilities
·
Industrial
·
Commercial
·
Residential
Segmentation by
Insulation Material:
·
Epoxy Powder Coating
·
Polyester Film
·
PVF Film
·
Polyester Resin
·
Heat-Resistant Fiber
·
Polyimide Film
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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