PUBLISHER: Value Market Research | PRODUCT CODE: 1547957
PUBLISHER: Value Market Research | PRODUCT CODE: 1547957
The global demand for Laminated Busbar Market is presumed to reach the market size of nearly USD 1653.66 Million by 2032 from USD 891.2 Million in 2023 with a CAGR of 7.11% under the study period 2024-2032.
Busbars are an important part of any grid or electrical network both on the micro and macro scale. Laminated busbars are advanced variations with lamination for extra insulation and protection against faults and short circuits. Power electronics and silicon carbides widely employ laminated busbars for a variety of operations. Hybrid electric cars need power stacks that use laminated busbars for enhanced performance. Most of the major power grids around the world are adopting laminated busbars for their advantages in terms of performance and safety.
The emphasis on renewable energy sources is increasing drastically causing all the major industry segments to adopt electrical options for their operations. The increase in demand for more electrical machines and power electronics is acting as the major drier for the laminated busbar market. The market for hybrid and electric vehicles is increasing both in the private and commercial sector thereby causing an increase in demand for laminated busbars and their increased applications. The rise of smart cities with the help of microgrids is also fuelling the market growth for laminated busbars. The Asia-Pacific region has been coming up with major plans to employ electric and hybrid vehicles on a large scale, which is expected to cause a boom in the market for laminated busbars.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Laminated Busbar. The growth and trends of Laminated Busbar industry provide a holistic approach to this study.
This section of the Laminated Busbar market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Laminated Busbar market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Laminated Busbar market include Amphenol Corporation (US), Methode Electronics Inc. (US), Mersen Group (France), Rogers Corporation (US), Sun King Technology Group Limited (China), Zhuzhou CRRC Times Electric Co. Ltd. (China), Ryoden Kasei Co. Ltd. (Japan), Shanghai Eagtop Electronics Technology Co. Ltd. (China), Shenzhen Busbar Sci-Tech Development Co. Ltd. (China), Storm Power Components (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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