Laminated Busbar Market by Material (Copper, Aluminum), End-User (Utilities, Industrial, Commercial, Residential), Insulation Material (Epoxy Powder Coating, Polyester Film, PVF Film, Polyester Resin, and Others), and Region – Global Forecast to 2025

2020-03-04
Price :
Published : Mar-2020
No. of Pages : 143

“The laminated busbar market is projected to grow at a CAGR of 6.6% from 2020 to 2025”

The laminated busbar market is projected to reach USD 1,183 million, by 2025 from an estimated market size of USD 861 million in 2020,growing at a CAGR of 6.6%, from 2020 to 2025. 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. Aging electrical infrastructure, rising electricity demand, and growing adoption of High-Voltage Direct Current (HVDC) technology are the major growth opportunities for the laminated busbar market.

“The copper segment, by material, is expected to grow at the highest CAGR from 2020 to 2025

The copper segment is estimated to be the fastest growing market from 2020 to 2025.Copper is the most widely used and technically the best material for making a laminated busbar. It is preferable over aluminium as it offers higher conductivity and is better able to withstand load surges. Copper-laminated busbars are designed for industrial and commercial facilities to minimize initial costs and ensure safety. These factors are expected to boost the demand for copper laminated busbars during the forecast period.

“Europe: The largest market for laminated busbar”

Europe accounted for the largest size of the laminated busbar market, followed by Asia Pacific and North America in 2019. Increasing investments in power distribution infrastructure and rising economic developments due to growing industrialization and urbanization are driving the European laminated busbar market. France is estimated to be the fastest growing market in the region, followed by the markets in Russia and Germany, during the forecast period.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1—55%, Tier 2—25%, Tier 3—20%
  • By Designation: C-Level—35%, D-Level—30%, Others—35%
  • By Region: North America—15%, Europe—20%, Asia Pacific—25%, Middle East—25%,South America—10%, Africa—5%

Note: The tier for companies has been defined on the basis of their total revenue, as of 2016: Tier I= >USD 5 billion, Tier II=from USD 1 billion to USD 5 billion, and TierIII=< USD 1 billion

The global laminated busbar market is dominated by leading players that have an extensive regional presence. The leading players in the laminated busbar market include Mersen (France), Rogers (US), Amphenol (US), Methode (US), and Sun. King Power Electronics (China).

Research Coverage:

The report defines, describes, and forecasts the laminated busbar market, by material, end-user, insulation material, and region. It also offers a detailed qualitative and quantitative analyses of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the laminated busbar market.

Why buy this report?

  • The report identifies and addresses key markets for implementing laminated busbar systems in the power industry, which would help manufacturers review the growth in demand.
  • The report helps solution providers understand the pulse of the market and provide insights into drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
Filed in: Energy & Power
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Hydrogen Energy Storage Market by State (Gas, Liquid, Solid), Technology (Compression, Liquefaction, Material Based), Application (Stationary Power, Transportation), End User (Electric Utilities, Industrial, Commercial), Region – Global Forecast to 2027

“Increase in fuel cell based electric vehicles and hydrogen storage infrastructure across the globe to improve energy efficiency are set to drive the global hydrogen energy storage market” The global hydrogen energy storage market is projected to reach USD 119.2 Billion by 2027 from an estimated market size of USD 13.8 Billion in 2022, at a CAGR of 54.0% during the forecast period. The market has a promising growth potential due to several factors, including the role of hydrogen energy storages playing in carbon emission reduction and Increase in fuel cell based electric vehicles and hydrogen storage infrastructure are driving the hydrogen energy storage market. “Gas: The fastest growing segment of hydrogen energy storage market, by state” Hydrogen as a gas is colorless, h......
$4950

Americas Medium-Voltage Cables Market by Insulation (XLPE, EPR, HEPR), Voltage (Upto 5 kV, 5-15 kV, 15-30 kV, 30-60 kV, 60-100 kV), Application (Underground, Overhead, Submarine), End User (Industrial, Commercial, Renewable) and Region – Forecast to 2027

“The American Medium-voltage cable market is projected to grow at a CAGR of 5.1% from 2022 to 2027” The Americas medium-voltage cables market is anticipated to grow from an estimated USD11.1 billion in 2022 to USD14.2 billion in 2027, at a CAGR of 5.1% during the forecast period. The market has a promising growth potential due to increased demand for distribution networks due to increased power demand and increased capacity for renewable energy is propelling the demand for Americas medium-voltage cables market “Ethylene-propylene Rubber (EPR): Second largest insulation material for manufacturing Americas medium-voltage cables market, by insulation type“ The insulation type segment is categorized as Cross-linked Polyethylene (XLPE), Ethylene-propylene Rubber (EPR), High mod......
$4950

Switchgear Market by Insulation (Gas-insulated Switchgears, Air-insulated Switchgears), Installation (Indoor, Outdoor), Current (AC, DC), Voltage (Low (up to 1 kV), Medium (2–36 kV), High (Above 36 kV), End User and Region – Global Forecast to 2027

“Paradigm shift towards the renewables is expected to boost the growth of the switchgear market”     The global switchgear market is expected to reach USD 120.1 billion by 2027 from an estimated USD 90.9 billion in 2022, at a CAGR of 5.7% from 2022 to 2027.The growth of the switchgear market is proportional to the growth of the global industrial and manufacturing sectors, which are the primary drivers of growth in demand for electricity. Apart from this, an increase in the share of renewables in the electricity mix has led to the replacement of aging infrastructure and the deployment of smart grids to achieve higher efficiencies and remote monitoring. Switchgears, as a result, may experience a growth in demand during the forecast period. “Outdoor: The fastest-growing segmen......
$4950

Power Distribution Unit Market by Type (Basic, Metered, Switched, Monitored, ATS, Hot Swap, Dual Circuit), Phase (Single & Three), Power Rating (Up to 120 V, 120–240 V, 240–400 V, above 400 V), End User and Region – Global Forecast to 2027

“Digitalization and automation pertaining to increase in number of data centers driving the power unit distribution market”     The power distribution unit market is projected to reach USD 5.7 billion by 2027 from an estimated of USD 3.9 billion in 2022, in order to meet the increasing demand from telecom & IT sector. Some of the major driving factors for the market include the increase in number of data centers. Secondly, growing investments in automation and digitalization supports the implementation of power distribution unit market. Increasing application of power distribution unit in various industries is likely to propel the growth of power distribution unit market. Power distribution units can either be basic or intelligent, depending on the features they have. The......
$4950

Large-scale Natural Refrigerant Heat Pump Market by Refrigerants (Ammonia (R717), Carbon Dioxide (R744), Hydrocarbons), Capacity (20-200 kW, 200-500 kW, 500-1,000 kW, Above 1,000 kW), End Use (Commercial, Industrial), Region – Global Forecast to 2027

“Supportive rules and regulations across the globe to improve energy efficiency are set to drive the global large-scale natural refrigerant heat pump market” The global large-scale natural refrigerant heat pump market is projected to reach USD9.1 Billion by 2027 from an estimated market size of USD5.8 Billion in 2022, at a CAGR of 9.4% during the forecast period. The market has a promising growth potential due to several factors, including the role of large-scale natural refrigerant heat pumps playing in carbon emission reduction and government incentives and regulations to improve energy efficiency. “Carbon dioxide (R-744) natural refrigerant heat pump: The fastest growing segment of large-scale natural refrigerant heat pump market, by natural refrigerants” Carbon dioxide......
$4950

Pressure Vessel Market by Type (Boiler, Reactor, Separator), Material, Heat Source (Fired Pressure Vessel and Unfired Pressure Vessel), Application (Storage Vessels and Processing Vessels), End-User and Region – Global Forecast to 2027

“The pressure vessel market is projected to grow at a CAGR of 4.8% from 2022 to 2027” The pressure vessel market is anticipated to grow from an estimated USD 47.1 Billion in 2022 to USD  59.5 Billion in 2027, at a CAGR of 4.8% during the forecast period. The market has a promising growth potential due to increased demand for boilers, especially in Asia-Pacific. The rapidly expanding power sector is also propelling demand for pressure vessels. The advancements in supercritical and subcritical technologies are expected to offer lucrative opportunities for the pressure vessel market during the forecast period. “Steel Alloys: Widely used material for manufacturing pressure vessels, by materials“ The material segment is categorized as steel alloys, composites, and other alloys......
$4950

Industrial Burner Market by Type (Regenerative, High Thermal, Radiant, Direct-Fired), Fuel Type (Oil, Gas, Dual, Solid), End Use (F&B, Petrochemical, Power, Chemical, Metals & Mining), Operating Temperature, Automation, Region – Global Forecast to 2027

“The industrial burner market is projected to grow at a CAGR of 6.1% from 2022 to 2027” The industrial burner market is anticipated to grow from an estimated USD 5.9 billion in 2022 to USD 7.9 billion in 2027, at a CAGR of 6.1% during the forecast period. The market has a promising growth potential due to increased deployment of natural gas-based industrial burners, especially in Europe. Therapidly expanding manufacturing sector is also propelling demand for industrial burners and combustion systems. The rising adoption of biofuels, hazardous waste, and hydrogen-based industrial burners are expected to offer lucrative opportunities for the industrial burner market during the forecast period. “Monoblock: The fastest-growing segment of the industrial burner market, by automation�......
$4950

Fuel Cell Market by Type (PEMFC, SOFC, PAFC, MFC, DMFC, AFC), Application (Portable, Stationary, Vehicles (FCV)), Size (Small & Large), End User (Residential, C&l, Transportation, Data Center, Military & Defense, Utility), Region – Global Forecast to 2027

“Increasing adoption of fuel cell vehicles as governments are coming up with initiatives to cut down emissions set to drive the fuel cell market” The global fuel cell market size is estimated to be USD 2.9 billion in 2022 and is projected to reach USD 9.1 billion by 2027, at a CAGR of 26.0%. The market has a promising growth potential due to several factors, including the stringent norms on GHG emission across the globe, increasing R&D grants, increasing need of energy efficient power generation, and spur in demand of public as well as personal fuel cell electric vehicles. “Stationary, The largest segment of fuel cell market, by application” In the stationary application of fuel cells, the output required can be as high as multi megawatts (MW) or as low as less than 1 ......
$4950

Variable Frequency Drive Market by Type (AC, DC, Servo), Application (Pumps, Fans, Compressors, Conveyors), End User (Industrial, Infrastructure, Oil & Gas, Power), Power Rating (Micro, Low, Medium, High), Voltage and Region – Global Forecast to 2027

“The variable frequency drive market is projected to grow at a CAGR of 4.8% from 2022 to 2027” The variable frequency drive market is anticipated to grow from an estimated USD 21.2 billion in 2022 to USD 26.8 billion in 2027, at a CAGR of 4.8% during the forecast period. The advantages associated with the use of variable frequency drives include reduced energy consumption and costs, increased energy efficiency, extended equipment life, and low maintenance costs. They are used for variable torque applications in the oil & gas, power, infrastructure, and industrial sectors. These factor would drive the growth of variable frequency drive. “Pumps: The fastest-growing segment of the variable frequency drive market, by application“ The pumps segment is estimated to grow from......
$4950

Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps), Cryogen (Nitrogen, Argon, Oxygen, LNG, Hydrogen), End-User (Energy, Chemicals, Metallurgy, Transportation), System Type (Storage, Handling, Supply) & Region – Global forecast to 2027

The cryogenic equipment market is expected to reach USD 17.4 billion by 2027, at a CAGR of 6.8% from 2022 to 2027 The global cryogenic equipment market is projected to reach USD 17.4 billion by 2027 from an estimated market size of USD 12.5 billion in 2022, at a CAGR of 6.8% during the forecast period.The factors driving the growth for cryogenic equipment market are high demand for industrial gases from metallurgy, and energy & power industries and growing demand for cryogenic equipment across entire LNG value chain. “Tanks segment dominates the global market” The cryogenic equipment market, by equipment, is segmented into tanks, valves, vaporizers, pumps and others. Other equipment include pipes, regulators, freezers, dewar, strainers, samplers, heat exchangers, leak dete......
$4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy