The Rising Need for Telecommunication Equipment Drives the Demand for the Global Laminated Busbar Market

Data Bridge Market Research analyses that the Global Laminated Busbar Market is expected to grow at a CAGR of 6.2% from 2023 to 2030 and reach USD 4,750,742.74 million by 2030. An increasing number of hyper-scale data centers propel market growth.

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Busbar is an electrical component called an electric junction that acts as a conductor. It can be considered a group of conductors that collect electric power from the incoming feeders and distribute them to the outgoing feeders. The busbars with multiple conductor materials, such as aluminum and copper, are considered to be laminated busbars.

Such laminated busbars consist of multi-layers of conductive metal, providing several performance advantages over single-layer busbars and cable conductors. Such busbars are designed based on shape, length, and material used for insulating the busbar. Although, these busbars have been plated with different plating types, which helps integrate the conductive services. Although laminated busbars are designed based on other working power conditions, they are used in various applications.

Key Findings of the Study

Increasing demand for electric vehicles across the globe

Electric vehicles (EVs) are designed to be a promising technology for sustainable transportation with zero carbon emissions, low noise, and high efficiency. Moreover, electric vehicles evolved in the 19th century, but due to a lack of technological advancement, internal combustion engines had a huge demand compared to electric vehicles. During the 20th century, technological advancement was boosted yearly, resulting in developments and innovations that have helped reshape electric vehicles.

Moreover, different types of busbars are commercially available and found to be the best match for an EV/HEV application. This is a matter of understanding the various requirements of an EV/HEV. Laminated busbars are a very efficient electric component that helps combine the power and signal connections from the large rechargeable battery pack in electric vehicles and reduce noise within the vehicle's power distribution system and heat resistance.

Report Scope and Market Segmentation

Segment Analysis:

The global laminated busbar market is segmented into eight notable segments based on conductor, weight wise, shape wise, length, insulation material, plating, power rating and end user.

• In 2023, the copper of the conductor segment is anticipated to dominate the global laminated busbar market.

In 2023, the copper segment of conductor segment is expected to dominate the global laminated busbar market due to its superior electrical conductivity, thermal conductivity, and ductility. It is frequently utilized as a conductor in laminated busbars. Due to its excellent electrical conductivity, copper can transmit electrical current with little waste of energy. Because of this, copper is the perfect material to use in high-powered electrical systems where reducing energy loss is essential. Copper has great thermal conductivity in addition to its high conductivity. This indicates that it can properly disperse heat, which is crucial for avoiding overheating and ensuring system dependability. Due to its great ductility and ease of shaping into a wide range of forms and sizes, copper is a perfect material for use in the intricate geometries of laminated busbars.

• In 2023, the more than 1 kg segment of the weight wise segment is anticipated to dominate the global laminated busbar market.

In 2023, the more than 1 kg segment is expected to dominate the global laminated busbar market with the largest market share as it can sustain high currents without overheating or producing voltage dips; laminated busbars often weigh more than 1 kg. A conductor produces heat when a significant amount of electrical current passes through it because of the material's resistance. The current flowing through the conductor and the material's resistance affect the heat.

• In 2023, more than 1 kg is expected to dominate the global laminated busbar market with a 59.01% share

The global laminated busbar market is segmented into eight notable segments which is based on the basis of conductor, weight wise, shape wise, length, insulation material, plating, power rating and end user.

• On the basis of conductor, the market is segmented into aluminum and copper. In 2023, copper is expected to dominate the market with a 62.02% market share.
• On the basis of weight wise, the market is segmented into less than 1kg and more than 1kg. In 2023, more than 1 kg is expected to dominate the market with a 59.01% market share.
• On the basis of shape wise, the market is segmented into chamfer and rectangle. In 2023, the rectangle is expected to dominate the market with a 75.56% market share.
• On the basis of length, the market is segmented into less than 1m, 1m to 2m, 2m to 3m, and more than 3m. In 2023, less than 1m is expected to dominate the market with a 44.48% market share and is expected to reach USD 2,198,179.27 million by 2030, growing with a CAGR of 6.8% in the forecast period of 2023 to 2030.
• On the basis of insulation material, the market is segmented into epoxy powder coating, polyester film, PVF film, polyester resin, heat resistant fiber, and polyimide film. In 2023, epoxy powder coating is expected to dominate the market with a 34.79% market share.
• On the basis of plating, the market is segmented into tin, nickel, and silver. In 2023, tin is expected to dominate the market with a 46.13% market share.
• On the basis of power rating, the market is segmented into low power, medium power, and high power. In 2023, medium power is expected to dominate the market with a 43.22% market share.
• On the basis of end user, the market is segmented into utilities, metal & mining, manufacturing, residential, telecommunications, military & aerospace, transportation, energy & power, automotive, and others. In 2023, energy & power is expected to dominate the market with a 23.26% market share.

Major Players

Data Bridge Market Research recognizes the following companies as the major global laminated busbar market which are RYODEN KASEI CO., LTD., Rittal GmbH & Co. K.G., Suzhou West Deane New Power Electric Co., Ltd (W.D.I.), Eaton, E.M.S. Elektro Metall Schwanenmühle GmbH, Baknor, espbus.com, Jans Copper Private Limited, Power Solutions Group, Segue Electronics, Inc., Shanghai Eagtop Electronic Technology Co., Ltd., Assemblage Paro Inc., ABB, Sun.King Technology Group Limited, Storm Power Components, MERSEN PROPERTY, Raychem RPG Private Limited., Rogers Corporation, Zhejiang R.H.I. Electric Co., Ltd, and AMPHENOL GLOBAL INTERCONNECT SYSTEMS among others.

Market Developments

• In January 2022, ABB announced the development of world’s first 36 kV double busbar AirPlus switchgear that supports the busbar operations. This innovative design is made with the help of UK power Networks to reduce the use of Sulfur Hexafluoride (SF6). This development will help the company to develop environmental products for the busbar product portfolio and enhance the offerings to the customers.
• In November 2021, Molex announced the collaboration between automotive OEMs and Tier 1 or 2 suppliers. This collaboration has helped in expansion in R&D and capital which has helped the company to design, development and delivery of breakthrough technologies in power control and battery management, Moreover, there are several features, which are poised for innovation among which connectors, and busbars is one of the feature considered for innovations.
• In July, 2021, Rogers Corporation entered into a partnership with Farasis. This agreement between the companies will help the companies to leverage technology and resources while expanding product innovations. This partnership will help to develop advance material solutions to increase the life span of materials. The companies will be able to provide their customer with more reliable and long term product solutions. 
• In July 2020, MERSEN acquired the fleet insulation assets of America for the GRI brand that comprises the bus bar. As a result, the company gains an industrial base in the United States and expands its client portfolio in North America, allowing it to consolidate its footprint in the felt insulation market.
• In June 2020, Eaton announced its agreement to purchase a new facility in South Carolina to expand its busway product line for the comprehensive data flow of power distribution and control equipment solutions. The expansion resulted in a wide business portfolio generating more income and profit.

Regional Analysis

Geographically, the countries covered in the laminated busbar market report are U.S., Canada, and Mexico, China, Japan, South Korea, Taiwan, India, Australia, Singapore, Malaysia, New Zealand, Indonesia, Philippines, Thailand, Vietnam, and the Rest of Asia-Pacific, Germany, U.K, France, Italy, Russia, Spain, Turkey, Netherlands, Switzerland, Belgium, Poland, Sweden, Norway, Denmark, Finland, and Rest of Europe, Saudi Arabia, U.A.E., Israel, Qatar, Egypt, Bahrain, Kuwait, South Africa, Oman, and the Rest of Middle East and Africa.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant and fastest growing region in laminated busbar market during the forecast period 2023 - 2030

In 2023, Asia-Pacific dominated this market because the industrial sector was expanding significantly throughout Asia. As a result, the market is expanding due to the rising demand for laminated busbars in sectors such as electric car manufacturing, data centers, and power generation. The Asia-Pacific region has the world's largest population, translating to a large electrical product and service market. The growing population is increasing the energy demand, which in turn is driving the demand for laminated busbars.

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