North America Laminated Busbar Market, By Conductor (Copper and Aluminum), Weight Wise (More Than 1 Kg and Less Than 1 Kg), Shape Wise (Rectangle and Chamfer), Length (Less Than 1M, 1M To 2M, 2M to 3M, and More Than 3M), Insulation Material (Epoxy Powder Coating, Polyester Film, Polyimide Film, Heat Resistant Fiber, Polyester Resin, and PVF Film), Plating (Tin, Nickel, and Silver), Power Rating (Medium Power, High Power, and Low Power), End User (Energy & Power, Transportation, Manufacturing, Telecommunications, Military & Aerospace, Utilities, Automotive, Metal & Mining, Residential, and Others) - Industry Trends and Forecast to 2030.
North America Laminated Busbar Market Analysis and Size
A laminated busbar is a designed segment comprising layers of metal separated by thin dielectric materials and fused. These busbars have upgraded technology to integrate electric conductive services and reduce overall framework expenses. Similarly, various benefiting features support the demand for hybrid and electric vehicles. Furthermore, this will propel the market's growth rate. Moreover, the laminated busbar market is driven by various factors, such as increasing electricity demand and rising demand for safe and secure electrical distribution systems. In addition to this, rising renewable energy integration will expand the laminated busbar market. Furthermore, increasing awareness about energy saving and efficiency are major factors influencing the growth of the laminated busbar market. Significant factors that will cushion the laminated busbar market's growth rate are swift industrialization and technological advancement. The cost-efficient and operational benefits of laminated busbars will flourish the market's growth rate.
Data Bridge Market Research analyses that the North America laminated busbar market is expected to reach a value of USD 1,264,768.27 million by 2030, at a CAGR of 5.8% during the forecast period. The North America laminated busbar market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in Million, Pricing in USD
|
|
Segments Covered
|
Conductor (Copper and Aluminum), Weight Wise (More Than 1 Kg and Less Than 1 Kg), Shape Wise (Rectangle and Chamfer), Length (Less Than 1M, 1M To 2M, 2M to 3M, and More Than 3M), Insulation Material (Epoxy Powder Coating, Polyester Film, Polyimide Film, Heat Resistant Fiber, Polyester Resin, and PVF Film), Plating (Tin, Nickel, and Silver), Power Rating (Medium Power, High Power, and Low Power), End User (Energy & Power, Transportation, Manufacturing, Telecommunications, Military & Aerospace, Utilities, Automotive, Metal & Mining, Residential, and Others)
|
|
Countries Covered
|
U.S., Canada, and Mexico
|
|
Market Players Covered
|
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 NORTH AMERICA INTERCONNECT SYSTEMS
|
Market Definition
Busbar is an electrical component called an electric junction that acts as a conductor. It can be considered a group of conductors used to 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.
North America Laminated Busbar Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
DRIVERS
- 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.
- RISING NEED FOR TELECOMMUNICATION EQUIPMENT
The telecom industry is associated with providing services for communicating over a distance. This industry compresses cable, telephone, internet services, and satellite facilities. Thus, this industry focuses on high-resolution audio and video, data services, and connectivity.
OPPORTUNITY
- RISE IN THE DEMAND FOR ELECTRIFICATION
Most industrial manufacturers' growing focus on sustainability is moving towards electrifying industrial fleets, processes, and spaces, in line with the broader energy transition across the economy. The rising demand for electrification is growing across the globe owing to several factors, including increased electricity consumption usage and reduced carbon dioxide emissions, which decarbonized the economy and mitigated climate change. The government is also assisting in providing electricity in rural areas or connecting to the smart cities program.
RESTRAINT/CHALLENGE
- HIGH PRICE VOLATILITY ASSOCIATED WITH RAW MATERIALS
The laminated busbar comprises alternating layers of a conductive layer and a foam dielectric layer. The foam dielectric layer increases the partial discharge inception and extinction voltage levels. Moreover, the laminar construction is useful for power distribution systems and high-power transistor modules.
- INVOLVEMENT IN SOPHISTICATED MANUFACTURING PROCESS
A busbar is a metal bar typically crafted from copper or aluminium that acts as a conductor. A busbar acts like a central point that collects power at one location, allowing for seamless distribution in the system. In many sectors, a busbar made of copper is highly preferred by businesses owing to the higher conductivity and resistance and acts as an abundant mineral in the earth's crust.
Recent Developments
- In September 2022, Molex announced the expansion of its manufacturing plant in Vietnam. This expansion will help support the growing demand for its products that are used in many different applications, which will help the company to offer 200 new jobs and manage the demand and supply of the product in the market by accelerating the manufacturing product facilities.
- In March 2021, Rittal GmbH & Co. K.G. announced the partnership with Stulz to provide made-to-measure data center infrastructure, consulting, support, and services. This partnership has ensured the business growth for power distribution systems which enhanced the revenue growth for the company.
North America Laminated Busbar Market Scope
The North America 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. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.
Conductor
- Copper
- Aluminium
On the basis of conductor, the market is segmented into aluminum and copper.
Weight Wise
- More Than 1 Kg
- Less Than 1 Kg
On the basis of weight wise, the market is segmented into less than 1kg and more than 1kg.
Shape Wise
- Rectangle
- Chamfer
On the basis of shape wise, the market is segmented into rectangle and chamfer.
Length
- Less Than 1M
- 1M To 2M
- 2M to 3M
- More Than 3M
On the basis of length, the market is segmented into less than 1m, 1m to 2m, 2m to 3m, and more than 3m.
Insulation Material
- Epoxy Powder Coating
- Polyester Film
- Polyimide Film
- Heat Resistant Fiber
- Polyester Resin
- PVF Film
On the basis of insulation material, the market is segmented into epoxy powder coating, polyester film, P.V.F. film, polyester resin, heat resistant fiber, and polyimide film.
Plating
- Tin
- Nickel
- Silver
On the basis of plating, the market is segmented into tin, nickel and silver.
Power Rating
- Medium Power
- High Power
- Low Power
On the basis of power rating, the market is segmented into low power, medium power, and high power.
End User
- Energy & Power
- Transportation
- Manufacturing
- Telecommunications
- Military & Aerospace
- Utilities
- Automotive
- Metal & Mining
- Residential
- Others
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.
North America Laminated Busbar Market Regional Analysis/Insights
The North America laminated busbar market is analyzed, and market size insights and trends are provided by region and segments as referenced above.
The countries covered in the North America laminated busbar market report are U.S., Canada, and Mexico.
U.S. dominates in the North America region as there is a rising need for renewable energy, causing a demand for effective and dependable power transmission and distribution networks.
The region section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and North America Laminated Busbar Market Share Analysis
North America laminated busbar market competitive landscape provide details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to North America laminated busbar market.
Some of the major players operating in the North America laminated busbar market 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 NORTH AMERICA INTERCONNECT SYSTEMS among others.
SKU-