Laminated busbars consist of layers of fabricated conductors such as copper and aluminum that are separated using thin dielectric material and laminated into a unified structure. Laminated busbars offer several benefits such as better electric performance, low inductance, and lower noise and it can handle higher currents with minimal voltage drop furthermore, laminated busbars are the ideal choice for the situation of high-power distribution.

The laminated busbar market is estimated to grow from $XX million in 2018 to $1,338 million by 2027 at a CAGR of 6.03% between 2019 and 2027. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027. Key factors that are responsible for the market advancement are:

• Wide adoption of laminated busbars across batteries in electric & hybrid vehicles
• Increasing dependence on non-renewable sources of energy
• Growing awareness related to the reduction in greenhouse gases

However, the market is primarily driven by the wide adoption of laminated busbars across batteries in electric & hybrid vehicles. Combustion from automobile releases greenhouse gases such as CO₂ which are very harmful to the environment. Electric vehicles run on an electric motor which is powered through electricity stored in batteries. They do not emit any harmful substances and hence are a better alternative than petrol and diesel vehicles. Laminated busbars are widely adopted across batteries in electric vehicles and hybrid electric vehicles for transferring electrical energy to inverter from battery pack.

In terms of conductor segment, copper leads the market in terms of revenue with around XX% market share in 2018. Copper laminated busbar contains flexible laminated copper connections that are formed using highly conductive electrolytic grade copper sheets & foil. Copper is also determined as the standard for electrical conductivity by the IACS (International Annealed Copper Standard) with a copper resistivity of around 1.724μΩcm at XX°C is assigned the XX% value. Copper as a conductor material gives approximately twice the tensile strength as compared with aluminum. Copper is more thermally conductive than aluminum. Consequently, it offers better short circuit performance to the conductor.

Laminated busbar market is also facing some challenges with growing volatility in metal prices across the globe, the unorganized structure of the market hampers the market revenue & the demand for steel industry is witnessing the sharp decline. Steel has a wide range of applications in heavy industries such as construction, mining, automobile, and marine. As busbars are used in the steel smelting industry, the decline in steel production affects market demand for busbars. China, a major contributor to the world steel market, should see stabilized demand as the country moves toward a consumer-led economy.

The report on global laminated busbar market includes segmentation on the basis of the conductor, insulation material and end-users.

Conductor is sub-segmented into:

• Aluminum
• Copper

Insulation Material is sub-segmented into:

• Epoxy Powder Coating
• Kapton
• Mylar
• Nomex
• Tedlar
• Teonex

End-users is sub-segmented into:

• Aerospace & Defense
• Alternative Energy
• Datacenters
• Industrial
• Power Electronics & Silicon Carbides
• Telecom
• Transportation
• Others

Geographically, the global laminated busbar market has been segmented on the basis of four major regions, which includes:

• North America Laminated Busbar Market : the United States & Canada
• Europe Laminated Busbar Market : United Kingdom, France, Italy, Russia, Spain, Germany & Rest of Europe
• Asia Pacific Laminated Busbar Market : China, India, Japan, Australia, South Korea & Rest of Asia Pacific
• Rest of World: Latin America, Middle East & Africa

The regional paradigm of laminated busbar market is dominated by European region by capturing the largest market share in terms of revenue of XX% in 2018. Europe laminated busbar market is expected to be on up-surging trend owing to government efforts to promote energy efficiency in power distribution along with a focus to promote electric vehicles in the region.

For instance, energy efficiency directive has established a set of binding rules for countries of the European Union to use energy more efficiently at all the stages of energy chain (production to consumption). With the help of the directive, the EU aims to achieve XX% energy efficiency by 2020. Moreover, increasing greenhouse gas emission along with increasing energy demand is also creating new opportunities for the laminated busbar market in Europe.

On the flip side, the Asia Pacific region is expected to surge with the fastest growth rate during the forecasted period. The Asia-Pacific laminated busbar market is expected to be on the up-surging trend owing to rising government investment in smart grid infrastructure along with the government efforts to enhance power capacity and high investment in renewable sources of energy. The government efforts to develop the power transmission & distribution infrastructure and government investments to promote smart cities program are also expected to augment the growth of the laminated busbar market in the Asia-Pacific region during the forecast period.

The market has a number of players, and some of the key players involved in the global laminated busbar market are:

• Zhuzhou CRRC Times Electric Co. Ltd.
• SUN.KING Power Electronics Group Limited
• Storm Power Components
• Rogers Corporation
• OEM Automatic Ltd.
• Others

Market share analysis along with company profiles of the prominent market players are discussed in detail. Most of the companies are looking for strategies such as merger & acquisition, partnership, contracts, agreements, new product launch, to gain a competitive edge over other companies. For example, in November 2018, Sun.King Power Electronics Group Limited announced that the company had signed contracts worth approximately RMBXX million in relation to the provision of IGBT and IGBT modules to be used in the flexible DC transmission converter valves for Zhangbei Project and Wudongde Project. Up to now, the Group has signed contracts with a total amount of more than RMBXX billion relating to the provision of relevant products for the aforementioned two projects.

Meanwhile, the contract value from Wudongde Project is expected to grow further as the company is in negotiations with enterprises winning the contracts for Wudongde Project. In January 2019, Molex is expanding its autonomous and connected vehicle capabilities by working with Accenture and Amazon Web Services (AWS) to bring edge computing and voice assistant capabilities to the Molex Automotive Ethernet Network Platform. These new digital enhancements to the platform offer essential autonomous vehicle performance and communication functionality for automotive OEMs.

Key findings of the global laminated busbar market:

• Increase in demand for electricity across the globe
• Overview of the global manufacturing sector
• Laminated busbars are widely adopted in the renewable/distributed energy systems
• Europe to dominate the laminated busbar market
• Numerous developments in china’s laminated busbar market
• Usage of silicon carbide & power electronics
• Global investments in renewable energy have increased briskly in the past few years
• Asia Pacific region is expected to grow at the fastest rate
• Increasing electricity demand