Asia Pacific Laminated Busbar Market
Asia Pacific Laminated Busbar Market is growing at a CAGR of 9.0% to reach US$ 418.39 Mn by 2027 from US$ 212.73 Mn in 2019 by Conductor, Insulation Material, Application, and Country.

Published On: Aug 2020

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Asia Pacific Laminated Busbar Market

Power Electronics and Silicon Carbides (SiC) Segment to Dominate Asia Pacific Laminated Busbar Market During 2020–2027

 

According to a new market research study on “Asia Pacific Laminated Busbar Market to 2027 – Regional Analysis and Forecast by Conductor, Insulation Material, and Application,” the market is expected to reach US$ 418.39 million by 2027 from US$ 212.73 million in 2019. The market is estimated to grow at a CAGR of 9.0% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific laminated busbar market along with the drivers and restraints pertaining to the market growth. Increase in adoption of smart grids coupled with rise in demand for sustainable energy systems are the major factors driving the growth of the laminated busbar market. However, complexity concerns with regard to laminated busbars might hinder the growth of the Asia Pacific laminated busbar market.

 

Based on application, the laminated busbar market is segmented into datacenter, telecom, alternative energy, power electronics and silicon carbides, transportation, aerospace & defense, industrial, and others. Furthermore, the others segment includes electric/hybrid electric vehicles (EV/HEV) and electrical energy storage (EES). In terms of application, the power electronics and silicon carbides segment is expected to dominate the laminated busbar market. Today, IGBT’s higher switching speed demands a low inductance power path, which is uniquely delivered through laminated busbar. The innovative power electronic designs and systems offer the ultimate in low inductance DC power, thereby securing the finest suppression of parasitic transients and safe operation for longer time. The laminated busbar is the major component of the DC power circuit, allowing the electrolytic and film capacitor circuit and IGBT to deliver perfect power as well as trouble-free service. Under power electronics and silicon carbides application, laminated busbars are used in motor drives, high-frequency inverters, and high-frequency welding devices.

 

Amphenol Corporation; Electronic Systems Packaging LLC (ESP); Mersen SA; Methode Electronics Inc.; OEM International AB; Rogers Corporation; Ryoden Kasei CO., Ltd.; Suzhou West Deane Machinery Inc.; and Zhuzhou CRRC Times Electric Co, Ltd. are among the leading companies in the Asia Pacific laminated busbar market. In addition to these, several other important players operating in the ecosystem were analyzed during the course of this market research study. Various companies are focusing on growth strategies such as product launches and product approvals, as well as patents and events. These activities have paved the way for the expansion of business and customer base of market players. For instance, in 2020, OEM Automatic Ltd signed an agreement to acquire Zoedale Ltd. Through this acquisition, OEM Automatic Ltd can offer its customers and Zoedale’s customers a much wider range of products. Not only the company is expected to offer more products but it is also expected to utilize both companies’ expert technical advice to deliver the best solutions for their applications. Rise in demand for laminated busbars is anticipated to create lucrative growth opportunities for the market players in the near future.  

 

Asia Pacific Laminated Busbar Market, by Country, 2019 and 2027 (%)

Asia Pacific Laminated Busbar Market, by Country, 2019 and 2027 (%)

 

 

The report segments the Asia Pacific laminated busbar market as follows:

 

By Conductor

  • Aluminum
  • Copper

 

By Insulation Material

  • Polyester Film
  • Heat-Resistant Fiber
  • Epoxy Powder Coating
  • Polyamide Film
  • Epoxy Glass

 

By Application

  • Datacenter
  • Telecom
  • Alternative Energy
  • Power Electronics and Silicon Carbides
  • Transportation
  • Aerospace & Defense
  • Industrial
  • Others

By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
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