Dublin, March 20, 2024 (GLOBE NEWSWIRE) -- The "Global Laminated Busbar Market by Material (Copper, Aluminum) End-User (Utilities, Industrial, Commercial, Residential) Insulation Material (Epoxy Powder Coating, Polyester Film, PVF Film, Polyester Resin, Heat-Resistant Fiber) Region - Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The latest research publication on the laminated busbar market projects a significant growth trajectory, with forecasts indicating the market size reaching USD 1,296 million by 2030. With a Compound Annual Growth Rate (CAGR) of 6.0% from 2023 to 2030, the market anticipates a steadfast increase stemming from the pressing need for high-quality, uninterrupted energy supply and the modernization of aging electrical distribution systems.
Epoxy Powder Coating Segment to Dominate Insulation Materials
Insulation materials such as epoxy powder coating are at the forefront, accounting for a considerable market share due to superior properties, including remarkable adhesion and resistance to chemicals and heat. This makes it a preferred insulation material, contributing significantly to the growth of the laminated busbar market over the forecast period.
Aluminum Laminated Busbars Gain Traction
The aluminum segment, by material, is expected to witness noteworthy demand due to cost efficiency, lighter weight, and enhanced conductivity after technological improvements such as tin plating. Demand in regions sensitive to material costs, particularly in the Asia Pacific and Middle East & Africa, underscores the expansion of the aluminum-laminated busbar market.
North America's Role Pivotal in Market Advancement
North America's share of the global laminated busbar market, including the US, Mexico, and Canada, underpins the region's robust investments in the modernization of its electrical infrastructure. The ongoing projects in smart grid deployment, asset monitoring, and analytics are projected to bolster the region’s market growth in the laminated busbar space. The research publication provides an exhaustive analysis of key drivers influencing the market, such as the trend towards renewable energy, the increasing adoption of electric vehicles, and the upgrade of electrical infrastructure.
Market Dynamics and Competitive Landscape
An extensive competitive analysis included in the report reveals the strategies and product offerings of leading market players. The findings from primary interviews with industry experts and C-level executives illuminate the current market scenario and future growth opportunities.
- Analysis of drivers, restraints, opportunities, and challenges
- Market developments influenced by the need for efficient energy distribution and technological advancements
- Thorough competitive assessment of key market players
The publication outlines the crucial role laminated busbars play in power efficiency and safety, emphasizing their importance in the evolution of the energy sector. As industries move towards sustainability and smart technologies, the report illustrates how laminated busbars are becoming integral components in a multiplicity of applications. With deep-diving insights into the market dynamics and detailed forecasts, the report serves as a strategic guide to stakeholders, helping them navigate the complex landscape of the laminated busbar sector. As global energy demands surge and electrical systems become ever more sophisticated, the laminated busbar market is poised for continual growth well into the next decade.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 184 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $863 Million |
| Forecasted Market Value (USD) by 2030 | $1296 Million |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
Market Overview
Drivers
- Increased Demand for Safe and Secure Electrical Distribution Systems
- Significant Operational Benefits and Cost-Efficiency of Laminated Busbars
- Strong Focus on Generating Power Using Renewable Energy
- High Adoption of Electric Vehicles
Restraints
- Growing Competition from Local Firms or Unorganized Sector
- High Initial Cost of Laminated Busbars
Opportunities
- Aging Electrical Infrastructure and Rising Electricity Demand
- Increasing Adoption of HVDC Technology
- Ongoing Advancements in Insulation Materials
Challenges
- Volatility in Raw Material Prices, Especially Copper
Companies Profiled
- Amphenol Corporation
- Methode Electronics, Inc.
- Mersen Group
- Rogers Corporation
- Sun.King Technology Group Limited
- Zhuzhou Crrc Times Electric Co. Ltd.
- Ryoden Kasei Co. Ltd.
- Shanghai Eagtop Electronic Technology Co. Ltd. (Eagtop)
- Shenzhen Busbar Sci-Tech Development Co. Ltd.
- Storm Power Components
- Suzhou West Deane Machinery Inc.
- Electronic Systems Packaging LLC
- Jans Copper Private Limited
- Molex
- Shenzhen Woer Electric Technology Co. Ltd.
- Raychem Rpg Private Limited
- Zhejiang Rhi Electric Co. Ltd.
- Segue Electronics, Inc.
- Kinto Group
- Ems Industrial & Service Company
For more information about this report visit https://www.researchandmarkets.com/r/8cocgh
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