Laminated Busbar Market to Grow at a CAGR of 7.8% to reach US$ 1,330.8 Million from 2020 to 2027

Laminated Busbar Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Conductor (Aluminum and Copper) Insulation Material (Polyester Film, Heat-resistant Fiber, Epoxy Powder Coating, Polyamide Film, and Epoxy Glass); Application (Datacenter, Telecom, Alternative Energy, Power Electronics and SiC, Transportation, Aerospace & Defense, Industrial, and Others)

Publication Month : Apr 2020

  • Report Code : TIPRE00008833
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 186
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The laminated busbar market was valued US$ 737.7 million in 2019 and is expected to reach US$ 1,330.8 million by 2027 with a CAGR growth rate of 7.8% during the forecast period.

Laminated busbar is an engineered component comprising layers of fabricated metal, separated by very thin dielectric materials, laminated into a unified structure. Bus bars aid in reducing the overall system costs, improving reliability, enhancing the capacitance, and eliminating any wiring errors. They also help lower the inductance and impedance in the system. The physical structure of the bus bars offers exceptional features for mechanical design of the busbars. The global laminated busbar market is a fragmented one, with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Currently, Europe leads the global market, followed by Asia Pacific and North America. The presence of significant players in the European region investing in the key application areas is one of the key factors contributing to the dominance of the region in this market. Further, rising demand for power, increasing investment in the energy sector, robust automotive and transportation market, and growing construction activities are likely to drive the European laminated busbar market in the coming years. Asia Pacific is projected to register the highest CAGR in the global market during the forecast period. Several semiconductors and electronic component manufacturers, as well as HVDC providers, are aiming to deploy their laminated busbarsolutions in APAC.

Lucrative Regional Smart Mining Markets

Lucrative Regional Smart Mining Markets
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Impact of COVID-19 Pandemic on the Laminated Busbar Market

The COVID-19 is anticipated to cause huge disruptions in Asia Pacific countries. The consequence and impact is likely to worsening the coming months, and it totally depends on the spread of the virus. The governments of Asia Pacific countries are taking possible steps to control the viral transmission by announcing lockdown. The Airports Council International (ACI) Asia Pacific warned that the prolonged duration of the COVID-19 outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously projected growth prospects. This series of events is anticipated to negatively impact laminated busbarmarket growth in the year.

Market Insights- Laminated Busbar Market

Growth of Sustainable Energy System- Drives the Demand for Laminated Busbar

Government regulations addressing the effects ofco2 gas emission on environment due to the inappropriate combustion of fossil fuels demands for a sustainable energy system. In solar, wind power, and fuel cells, the DC energy is fed directly into an insulated-gate bipolar transistor (IGBT) and capacitor circuit through low-inductance laminated bus bars, delivering safe and efficient power. The design of the laminated bus bar confers excellent packaging efficiency. Designing all electrical connection points in one clean bus bar for the IGBTs, Capacitors, and I/O and monitoring devices lead to enhanced system reliability, along with ensuring optimal electrical performance. Additionally, low emissions from laminated busbar-based batteries used in different household applications would drive future market growth. According to the "International Energy Agency," the renewable energy system is led by solar PV and by wind, hydropower, and bioenergy, which constitutes over 70% of global electricity generation. Hydropower is the largest source of renewable energy, with 16% in the wind, 6% in solar photovoltaic, and 3% is bioenergy. Increased use of batteries and consumption of power in different sectors such as telecommunications, aerospace, and transport is driving the growth of the laminated busbarmarket.

Conductor-Based Insights- Laminated Busbar Market

Based on the type of conductor, the report segments the laminated busbar market into copper and aluminum. During the forecast period, the copper segment is projected to be a larger shareholder in the market. It is the most widely used and technically the best material for the production of laminated busbars as it confers higher conductivity and better capacity resistance.


Laminated Busbar Market, by Conductor – 2019and 2027

Laminated Busbar Market, by Conductor – 2019and 2027
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Insulation Material-BasedInsights- Laminated Busbar Market

The laminated busbarmarket, based on the insulating material, is segmented into polyester film, heat-resistant fiber, epoxy powder coating, polyamide film, and epoxy glass. The epoxy powder coating segment is expected to dominate the laminated busbar market during the forecast period. Laminated busbars with epoxy powder coating are mainly used in switchgear and motor drive applications.

Application-Based Insights- Laminated Busbar Market

The laminated busbarmarket, based on application, is segmented into datacenter, telecom, alternative energy, power electronics and silicon carbides, transportation, aerospace & defense, industrial, and others. The others segment includes electric/hybrid electric vehicles (EV/HEV) and electrical energy storage (EES). The power electronics and silicon carbides segment is expected to dominate the market during 2020–2027.

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Laminated Busbar Market: Strategic Insights

laminated-busbar-market
Market Size Value inUS$ 737.7 Million in 2019
Market Size Value byUS$ 1,330.8 Million by 2027
Growth rateCAGR of 7.8% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Market initiative is a strategy basically adopted by the companies to expand their footprint worldwide bymeeting the escalating demand from customers. The laminated busbar market players are mainly focusing on the development of advanced and efficient products. Partnerships, contracts, joint ventures, funding, and new offices permit the companies to maintain their brand names globally. Most of the market initiatives were observed to be focused on North America, APAC, and Europe.

  • In 2019, Rogers Corporation showcased its specialty materials for power electronics applications—comprising its wide range of laminated busbar solutions, 92ML thermally conductive PCB materials, curamik substrates, ARLON Secure Thermal Transfer Adhesive, and HeatSORB phase change material—at the APEC 2019 conference and exhibition.

Laminated Busbar Market – By Conductor

  • Aluminum
  • Copper

Laminated Busbar Market – By Insulation Material

  • Polyester Film
  • Heat-resistant Fiber
  • Epoxy Powder Coating
  • Polyamide Film
  • Epoxy Glass

Laminated Busbar Market – By Application

  • Datacenter
  • Telecom
  • Alternative Energy
  • Power Electronics and SiC
  • Transportation
  • Aerospace & Defense
  • Industrial
  • Others

Laminated Busbar Market- Companies 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

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


Which region led the Laminated Busbarmarket in 2019?

The Europe region led the Laminated Busbar market in 2019 as the factors such asRising demand for power, increasing investment in the energy sector, and growing construction activities in the region are likely to drive Europe's demand for laminated busbars. Renewable energy steadily growing share, the growing integration of renewable energy are some of the significant factors contributing to Europe's largest market share in the laminated busbar market. Renewable sources accounted for 86 percent of the new energy capacity added in the EU in 2016. The preference for, and intermittency of, these resources are intensively changing the role of conventional fuels, leading European utilities to spend about €1bn on grid balancing.

Which factor is driving the Laminated Busbarmarket?

The smart grid has become the biggest technological revolution in the past years. Compared to the conventional grid, the smart grid is an automated, highly integrated, technology-driven, and modernized grid due to the usage of such power electronics. Moreover, various initiatives advancing the technological landscape of the energy sector are also likely to drive laminated busbar market growth during the forecast period.

Which applicationled theLaminated Busbarmarket?

Power electronics and silicon carbides are leading the laminated busbar market during the forecast period.under power electronics and silicon carbides application, the laminated busbars are used in systems such as, motor drive, high-frequency inverters, and high-frequency welding devices. As the trends across the globe to promote greener energy through more strict standards and regulations, innovative and more efficient switching devices like Silicon Carbide (SiC) devices are increasingly gaining acceptance in numerous markets from solar industries to transportation

The List of Companies - Laminated Busbar Market

  1. Amphenol Corporation
  2. Electronic Systems Packaging LLC (ESP)
  3. Mersen SA
  4. Methode Electronics, Inc.
  5. OEM International AB
  6. Rogers Corporation
  7. Ryoden Kasei CO., Ltd.
  8. Storm Power Components
  9. Suzhou West Deane Machinery Inc.
  10. Zhuzhou CRRC Times Electric Co., Ltd.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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