Laminated Busbar Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The global market for the laminated busbar is uplifting on account of the increase in power consumption, rise of industrial activities, along with a rising focus on distributed power generation, expanding construction industry. As per a report, Global Construction 2030,  the volume of construction output will grow by 85% to US$15.5 trillion worldwide by 2030, with three countries – China, US, and India – leading the way and accounting for 57% of all global growth. Moreover, Cost-efficiency and operational benefits of laminated busbars, demand for safe and secure electrical distribution systems, and focus on renewable energy are expected to drive the laminated busbar market during the forecast period.

Also, the growing emphasis on renewable energy globally is leading to the growth of the market. As per IEA, Renewable energy use increased by 3% in 2020. Also, the share of renewables in global electricity generation jumped to 29% in 2020, up from 27% in 2019. Moreover, renewable energy is the fastest-growing energy source in the United States, increasing 100% from 2000 to 2018. Renewables made up more than 17% of net U.S. electricity generation in 2018,

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According to UnivDatos Market Insights (UMI)’ research report “Global Laminated Busbar Market Analysis, 2020”, a rise in the electricity demand in the industrial, commercial and residential sector coupled with the promulgating construction sector globally is one of the prominent reasons which is driving the demand for laminated busbar. The building sector is one of the largest consumers of energy globally. As per the World Bank, the industrial sector’s value-added(as a percentage of GDP reached 27.88% in 2020 up from 26.16% in 2019. Moreover, approximately 70% of all electrical energy is consumed by industry, as revealed by Industrial Energy Accelerator. According to the United Nations Environmental Programme, “Buildings use about 40% of global energy, 25% of global water, 40% of global resources, and they emit approximately 1/3 of GHG emissions. Moreover, in Southeast Asia, it accounts for around 30% of the primary energy demand, and 41% – 51% of the operational energy used in a building is attributed to air conditioning and ventilation.

Based on the insulation material, the Epoxy Powder Coating segment acquired the X% market share and gathered USD X Mn market in 2020. Epoxy powder coating is the perfect insulation for conductors that are oddly shaped, have unique sizes, or those which may be known to undergo stress during installation.

Based on the end-user, The utility segment grabbed X% market share and dominated the market in 2020. A rising investment in power infrastructure coupled with the rising focus on distributed power generation is leading to the growing demand for the laminated busbar in utility. The global electricity production of 20433 TWh in 2008, grew over 30% and reached 26614 Twh in 2018.

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The Asia Pacific to Grab Lion’s Share, But Europe to witness Explicit Growth

Based on the Region, the Asia-Pacific region dominated the global Laminated Busbar market in 2020., stated in UnivDatos Market Insights (UMI)’ research report “Global Laminated Busbar Market Analysis, 2020”. Increasing population, rapid urbanization, and industrialization in the region are demanded more energy supply. For addressing these demands, many countries are investing in the renewable energy sector and transmission and distribution infrastructure. However, the Europe region would witness a considerable CAGR during the forthcoming years.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Laminated Busbar Market are Eaton Corporation PLC, Rogers Corporation, Methode Electronics Inc., Mersen SA, Amphenol Corporation, Suzhou West Deane Machinery, Shennan Circuitsm, Shenzhen Woer New Energy, Jans Copper, Storm Power Conductors, etc., The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  Some of the instances of recent developments are :

• In 2018, The U.S based company “Methode Electronics” launched “ ROLINX CapLink solution. In this solution, capacitors are united to a laminated busbar, which is ideal for power management applications.

• In May 2018, Mersen acquired FTCap to broadened the company’s current range of laminated busbars to capacitors. It was expected to strengthen Mersen’s power electronic systems product portfolio.

“Global Laminated Busbar Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the Laminated Busbar Market across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.  

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 Market Segmentation:

1. By Material (Copper, Aluminum)
2. By Insulation Material (Epoxy Powder Coating, Polyester Film, PVF Film, Polyester Resin, Others)
3. By End-User (Utilities, Industrial, Commercial, Residential)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Eaton Corporation PLC, Rogers Corporation, Methode Electronics Inc., Mersen SA, Amphenol Corporation, Suzhou West Deane Machinery, Shennan Circuitsm, Shenzhen Woer New Energy, Jans Copper, Storm Power Conductors)

Key questions answered in the study:

1. What are the current and future trends of the global Laminated Busbar market industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Laminated Busbar market industry?
5. What are the customer orientation, purchase behavior, and expectations from the Laminated Busbar market firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL LAMINATED BUSBAR MARKET COVID-19 IMPACT

6 GLOBAL LAMINATED BUSBAR MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY MATERIAL

8 MARKET INSIGHTS BY INSULATION MATERIAL

9 MARKET INSIGHTS BY END-USER

10 MARKET INSIGHTS BY REGION

11 LAMINATED BUSBAR MARKET DYNAMICS

12 LAMINATED BUSBAR MARKET OPPORTUNITIES

13 LAMINATED BUSBAR MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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