Laminated Busbar Market Forecast to 2027 – COVID-19 Impact and Global Analysis

(2023年03月16日)

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The laminated busbar market value. The market 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.

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
DataMica Busbar insight

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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.

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

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