Laminated Busbar Market Size and Growth 2031

Laminated Busbar Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Conductor (Aluminum and Copper) Insulation Material (Polyester Film, Heat-resistant Fiber, Epoxy Powder Coating, Polyamide Film, and Epoxy Glass); Application (data center, Telecom, Alternative Energy, Power Electronics and SiC, Transportation, Aerospace & Defense, Industrial, and Others), and Geography

  • Report Code : TIPRE00008833
  • Category : Electronics and Semiconductor
  • No. of Pages : 150

Laminated Busbar Market Trends, Share, and Growth (2024-2031)

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The global laminated busbar market size is expected to grow from US$ 1.01 billion in 2023 to US$ 1.87 billion by 2031; it is anticipated to expand at a CAGR of 8.0% from 2024 to 2031. The expansion of power electronics and silicon carbide applications is likely to remain a key laminated busbar market trends.

Laminated Busbar Market Analysis

The need for laminated busbars is being driven by the integration of renewable energy sources, such as solar and wind power, into the electrical grid. Additionally, there is an increasing awareness of the need for energy-efficient and cost-effective electrical distribution systems, which further propels the laminated busbar market.

Laminated Busbar Market Overview

A laminated busbar is an engineering component made of manufactured metal layers separated by extremely thin dielectric materials and laminated into a single, cohesive structure. Bus bars help lower the total cost of the system, increase capacitance, improve dependability, and remove wiring faults. They also aid in reducing the system's impedance and inductance. The physical structure of the busbars provides outstanding qualities for the mechanical design of the busbars.

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Laminated Busbar Market: Strategic Insights

Laminated Busbar Market
  • CAGR
    CAGR (2024 - 2031)
    8.0%
  • Market Size 2023
    US$ 1.01 billion
  • Market Size 2031
    US$ 1.87 billion

Market Dynamics

GROWTH DRIVERS
  • Growth of Sustainable Energy System
FUTURE TRENDS
  • Expansion of power electronics and silicon carbide applications
OPPORTUNITIES
  • Technological Advancements in HVDC Technology

Key Players

  • Electronic Systems Packaging LLC ESP
  • Methode Electronics Inc
  • Ryoden Kasei CO Ltd
  • OEM International AB
  • Storm Power Components
  • Suzhou West Deane Machinery Inc
  • Zhuzhou CRRC Times Electric Co Ltd
  • Mersen SA
  • Rogers Corporation
  • Amphenol Corporation

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentConductor
  • Aluminum and Copper
Market SegmentInsulation Material
  • Polyester Film
  • Heat-resistant Fiber
  • Epoxy Powder Coating
  • Polyamide Film
  • Epoxy Glass
Market SegmentApplication
  • Datacenter
  • Telecom
  • Alternative Energy
  • Power Electronics and SiC
  • Transportation
  • Aerospace & Defense
  • Industrial
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Laminated Busbar Market Drivers and Opportunities

Growth of Sustainable Energy System to Favor Market

Government rules addressing the consequences of CO2 emissions on the environment as a result of improper fossil fuel burning necessitate the development of a sustainable energy system. In solar, wind, and fuel cells, DC energy is supplied directly into an insulated-gate bipolar transistor (IGBT) and capacitor circuit via low-inductance laminated bus bars, resulting in safe and efficient power. The laminated bus bar is designed for maximum packing efficiency. Designing all electrical connection points for IGBTs, capacitors, I/O, and monitoring devices into a single clean bus bar improves system dependability while also assuring optimal electrical performance. Furthermore, reduced emissions from laminated busbar-based batteries used in a variety of domestic applications would fuel future market expansion.

Technological Advancements in HVDC Technology

High-voltage direct current (HVDC) technology has advanced significantly in recent years, driving up demand for laminated busbars. HVDC technology has advanced in terms of possible voltage levels, transfer capacities, and transmission distances. Increasing demand for renewable energy, power transfers between asynchronous networks, underwater cables, and long-length transmission overhead lines have all contributed to these improvements. One of the primary benefits of HVDC systems is their superior controllability and stability as compared to high-voltage alternating current (HVAC) transmission systems. HVDC systems link two asynchronous or synchronous AC power systems using current source converters (CSCs) or voltage source converters (VSCs). This system needs a less costly busbar framework than HVAC systems.

Laminated Busbar Market Report Segmentation Analysis

Key segments that contributed to the derivation of the laminated busbar market analysis conductor, insulation material, and application.

  • Based on conductor, the market is divided into copper and aluminum. The copper segment held a larger market share in 2023.
  • Based on insulation material, the market is divided into polyester film, heat-resistant fiber, epoxy powder coating, polyamide film, and epoxy glass. The epoxy powder coating segment held a larger market share in 2023.
  • Based on application, the market is divided into datacenter, telecom, alternative energy, power electronics and silicon carbides, transportation, aerospace & defense, industrial, and others. The power electronics and silicon carbides segment held a larger market share in 2023.

Laminated Busbar Market Share Analysis by Geography

The geographic scope of the laminated busbar market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. Europe dominated the laminated busbar market in 2023. The presence of important firms in the European region investing in key application areas is one of the primary reasons leading to the region's market dominance. Furthermore, rising power consumption, increased investment in the energy sector, a strong automotive and transportation industry, and expanding building activities are expected to boost the European laminated busbar market in the coming years.

Laminated Busbar Market Report Scope

Report Attribute Details
Market size in 2023 US$ 1.01 billion
Market Size by 2031 US$ 1.87 billion
Global CAGR (2024 - 2031) 8.0%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Conductor
  • Aluminum and Copper
By Insulation Material
  • Polyester Film
  • Heat-resistant Fiber
  • Epoxy Powder Coating
  • Polyamide Film
  • Epoxy Glass
By Application
  • Datacenter
  • Telecom
  • Alternative Energy
  • Power Electronics and SiC
  • Transportation
  • Aerospace & Defense
  • Industrial
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Electronic Systems Packaging LLC ESP
  • Methode Electronics Inc
  • Ryoden Kasei CO Ltd
  • OEM International AB
  • Storm Power Components
  • Suzhou West Deane Machinery Inc
  • Zhuzhou CRRC Times Electric Co Ltd
  • Mersen SA
  • Rogers Corporation
  • Amphenol Corporation
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Laminated Busbar Market News and Recent Developments

The Laminated Busbar market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

  • In January 2023, Mersen was chosen to deliver smart laminated busbars for batteries for ACC. These busbars are critical components that link lithium-ion cells and communicate with the battery management system. Mersen will build the busbars in Auvergne-Rhône-Alpes before delivering them to ACC’s gigafactory in Billy-Berclau Douvrin. This deal has the potential to generate 60 employees in France.

(Source: Mersen, Press Release, 2023)

Laminated Busbar Market Report Coverage and Deliverables

The "Laminated Busbar Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Market dynamics such as drivers, restraints, and key opportunities
  • Key future trends
  • Detailed PEST/Porter's Five Forces and SWOT analysis
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
  • Detailed company profiles
Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Conductor Insulation Material ; Application

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is the estimated market size for the global laminated busbar market in 2023?

The laminated busbar market size is expected to grow from US$ 1.01 billion in 2023 to US$ 1.87 billion by 2031; it is anticipated to expand at a CAGR of 8.0% from 2024 to 2031.

What are the driving factors impacting the global laminated busbar market?

The need for laminated busbars is being driven by the integration of renewable energy sources, such as solar and wind power, into the electrical grid.

What are the future trends of the global Laminated Busbar market?

The expansion of power electronics and silicon carbide applications is likely to remain a key laminated busbar market trends.

Which are the key players holding the major market share of the global Laminated Busbar market?

The key players holding the majority of shares in global laminated busbars are Electronic Systems Packaging LLC (ESP), Methode Electronics, Inc., Ryoden Kasei CO., Ltd., OEM International AB, and Storm Power Components.

What will be the market size of the global laminated busbar market by 2031?

The global laminated busbar market is expected to reach US$ 1.87 billion by 2031.

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