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The laminated busbar market share is expected to increase by USD 333.62 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.29%.
This laminated busbar market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the laminated busbar market segmentation by material (copper, aluminium, and others) and geography (Europe, APAC, North America, Middle East and Africa, and South America). The laminated busbar market report also offers information on several market vendors, including Amphenol Corp., Bevone, Electronic Systems Packaging LLC, EMS Elektro Metall Schwanenmuhle GmbH, Jans Copper Pvt. Ltd., KINTO Electric Co. Ltd, Mersen Corporate Services SAS, Methode Electronics Inc., Molex LLC, Raychem RPG Pvt. Ltd., Rogers Corp., Ryoden Kasei Co. Ltd., Schneider Electric SE, Segue Electronics Inc., Shanghai Yingfeng Electronic Technology Co. Ltd., Shenzhen Woer New Energy Electrical Technology Co. Ltd., Sun King Technology Group Ltd., Suzhou West Deane Machinery Inc., Zhejiang RHI ELectric Co. Ltd., and Storm Power Components Co. among others.
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The application of laminated busbars in EVs is notably driving the laminated busbar market growth, although factors such as fluctuation in copper prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laminated busbar industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Laminated Busbar Market Driver
Key Laminated Busbar Market Trend
Key Laminated Busbar Market Challenge
This laminated busbar market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global laminated busbar market as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the laminated busbar market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the laminated busbar market encompasses successful business strategies deployed by the key vendors. The laminated busbar market is fragmented and the vendors are deploying growth strategies such as product quality, innovation, price, and operational cost to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The laminated busbar market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the laminated busbar market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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33% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the laminated busbar market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Another region offering significant growth opportunities to vendors is Europe. The growth of the automotive industry will facilitate the laminated busbar market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 in the region severely impacted the growth of the market. However, in 2021, with the introduction of COVID-19 vaccines, the situation appeared to be better. Thus, the initiation of successful vaccination drives and the resumption of manufacturing laminated busbars revived the growth of the market in the last quarter of 2021 and will continue the same during the forecast period.
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The laminated busbar market share growth by the copper segment will be significant during the forecast period. A laminated busbar is a component consisting of layers of fabricated copper separated by thin dielectric materials, laminated into a unified structure. Laminated busbar is mostly made of copper since it is the most conductive base metal with characteristic properties such as high strength, ductility, corrosion resistance, and high energy efficiency. Thus, it is widely used in laminated busbars. Such factors will boost the market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the laminated busbar market size and actionable market insights on post COVID-19 impact on each segment.
Laminated Busbar Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.29% |
Market growth 2022-2026 |
$ 333.62 million |
Market structure |
Fragmented |
YoY growth (%) |
5.27 |
Regional analysis |
Europe, APAC, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 33% |
Key consumer countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Amphenol Corp., Bevone, Electronic Systems Packaging LLC, EMS Elektro Metall Schwanenmuhle GmbH, Jans Copper Pvt. Ltd., KINTO Electric Co. Ltd, Mersen Corporate Services SAS, Methode Electronics Inc., Molex LLC, Raychem RPG Pvt. Ltd., Rogers Corp., Ryoden Kasei Co. Ltd., Schneider Electric SE, Segue Electronics Inc., Shanghai Yingfeng Electronic Technology Co. Ltd., Shenzhen Woer New Energy Electrical Technology Co. Ltd., Sun King Technology Group Ltd., Suzhou West Deane Machinery Inc., Zhejiang RHI ELectric Co. Ltd., and Storm Power Components Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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