The global laminated busbar market is projected to grow at a CAGR of 5.72% from 2016 to 2021, to reach a market size of USD 955.6 Million by 2021. This growth is attributed to the rise of renewable energy sources in power generation mix and increase in awareness about energy saving and efficiency.
The report "Laminated Busbar Market by Insulation (Epoxy Powder Coating, Kapton, Mylar, Nomex, Tedlar, and Teonex), End User (Power Electronics, Alternative Energy, Transportation, Telecom, Datacenters, A&D, Industrial), and Region - Global forecast to 2021", The laminated busbar market is expected to grow from an estimated USD 723.6 Million in 2016 to USD 955.6 Million by 2021, registering a CAGR of 5.72% from 2016 to 2021. The global market is witnessing significant growth due to development of smart cities, increase in the contribution of renewable energy sources to the global power generation mix, and increasing awareness about energy efficiency and saving.
Browse 65 market data Tables and 42 Figures spread through 136 Pages and in-depth TOC on "Laminated Busbar Market by Insulation (Epoxy Powder Coating, Kapton, Mylar, Nomex, Tedlar, and Teonex), End User (Power Electronics, Alternative Energy, Transportation, Telecom, Datacenters, A&D, Industrial), and Region - Global forecast to 2021"
Epoxy Powder Coating segment is expected to hold the largest share of the laminated busbar market, by insulation material, during the forecast period
The epoxy powder coating segment led the overall laminated busbar market in 2015, owing to the increasing demand for busbars across the globe.
Epoxy powder coating also costs relatively less in comparison with other types of insulation, which makes them increasingly favored by the end-use industries, and as a result, the market for this insulation type is the largest. However, the tedlar insulation material sub segment is expected to register a higher growth rate during the forecast period.
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Alternative energy to be the fastest growing segment in the global laminated busbar market
The alternative energy sector is expected to be the fastest growing sector in the global laminated busbar market during the forecast period. Power generation through alternative energy requires the creation of DC feeds through a low inductance laminated busbar into an insulated-gate bipolar transistor (IGBT) and capacitor circuit, delivering safe and efficient power which means there would be high demand for laminated busbars in this sector.
Europe: The leading market for laminated busbar
In this report, the laminated busbar market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Europe is expected to dominate the global laminated busbar market, given the increasing utilization of steel in various industries such as mechanical, shipbuilding, automotive, appliances, packaging, construction, and transportation.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the laminated busbar market. These players include Amphenol Corporation (U.S.), Idealec SAS (France), Methode Electronics, Inc.
(U.S.), Mersen S.A. (France), Rogers Corporation (U.S.), and Sun.King Power Electronics Group Limited (China). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
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