Asia Pacific Laminated Busbar Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Conductor (Aluminum and Copper), Insulation Material (Polyester Film, Heat-Resistant Fiber, Epoxy Powder Coating, Polyamide Film, and Epoxy Glass), Application (Datacenter, Telecom, Alternative Energy, Power Electronics and Silicon Carbides, Transportation, Aerospace & Defense, Industrial, and Others), and Country
Market Introduction
Laminated busbar is an engineered component comprising layers of fabricated metal separated with very thin dielectric materials, laminated into a unified structure. Busbars support in reducing the overall system costs, improving the capacitance, enhancing reliability, and eliminating any wiring errors. Busbars also support in lowering the inductance and impedance in the system. The physical structure of the busbars offers exceptional features for mechanical design. One of the most common concerns with the conventional busbar is installation issues. The conventional ones consist of a complicated network of cables and interconnected parts that are difficult to assemble. On the other hand, laminated busbars are pre-assembled and have a compact structure. Geographically, the Asia Pacific market is segmented into China, India, Japan, South Korea, Australia, and the Rest of APAC. Asia Pacific is projected to witness the fastest growth during the forecast period. India and China are the most significant contributors to the laminated busbar market growth. The presence of other countries, such as Australia, Japan, and South Korea, also plays a crucial role in market growth. Several semiconductor and electronic component manufacturers, as well as HVDC providers, are aiming to deploy their solutions in APAC. For instance, in 2019, ABB Ltd. won a contract worth US$ 640 million from Power Grid Corporation of India Limited, the country’s national electricity grid operator. As per the contract, ABB is projected to supply an 800 kilovolt (kV) ultra-high-voltage direct current transmission link of more than 1,800 km to provide electricity to over 80 million people.
Since the outbreak of COVID-19 across Asia Pacific, several countries have suffered heavily. A few countries, such as China, Japan, South Korea, Australia, Hong Kong, and Taiwan, have incurred a huge loss. Manufacturing sectors in these countries have been experiencing low production and a weak supply chain. Additionally, labor shortage has affected the manufacturing sector in these countries. The manufacturing facilities across industries are foreseen to revive substantial production volumes by 2021, which is anticipated to create the demand for laminated busbars.
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Market Overview and Dynamics
The laminated busbar market in Asia Pacific is expected to grow from US$ 212.73 million in 2019 to US$ 418.39 million by 2027; it is estimated to grow at a CAGR of 9.0% from 2020 to 2027. The growing adoption of smart grids and growth of sustainable energy system are driving the growth of laminated busbar market across the region. However, the complexity concerns with respect to laminated busbars is a hindering factor to the laminated busbar market growth. Furthermore, increase in demand for electric vehicles is expected to bolster the growth of the laminated busbar market in the near future.
Key Market Segments
In terms of conductor, the copper segment accounted for a larger share of the Asia Pacific laminated busbar market in 2019. In terms of insulation material, the polyester film segment held the largest market share in 2019. Further, based on application, power electronics and silicon carbides segment held the largest share of the market. Geographically, the market is categorized into China, India, Japan, South Korea, Australia, and the Rest of APAC. China held the largest share of the laminated busbar market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the laminated busbar market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database. Major companies listed in the report are Electronic Systems Packaging LLC (ESP), Methode Electronics, Inc., Ryoden Kasei CO., Ltd., Suzhou West Deane Machinery Inc., OEM International AB, Zhuzhou CRRC Times Electric Co., Ltd., Mersen SA, Rogers Corporation, and Amphenol Corporation, among others.
Reasons to buy report
- It provides understanding of the Asia Pacific laminated busbar market landscape and identifies market segments that are most likely to guarantee a strong return
- It guides stay ahead of the race by comprehending the ever-changing competitive landscape for the market
- It helps efficiently plan M&A and partnership deals in the Asia Pacific laminated busbar market by identifying market segments with the most promising probable sales
- It facilitates knowledgeable business decision-making through perceptive and comprehensive analysis of market performance of various segments pertaining to the market in this region
- It provides revenue forecast of the market based on various segments for the period from 2020 to 2027
Asia Pacific Laminated Busbar Market Segmentation
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
Company Profiles
- Electronic Systems Packaging LLC (ESP)
- Methode Electronics, Inc.
- Ryoden Kasei CO., Ltd.
- OEM International AB
- Suzhou West Deane Machinery Inc.
- Zhuzhou CRRC Times Electric Co., Ltd.
- Mersen SA
- Rogers Corporation
- Amphenol Corporation
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Laminated Busbar Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia Pacific
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Laminated Busbar Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing Adoption of Smart Grids to Propel Demand for Laminated Busbars
5.1.2 Growth of Sustainable Energy System
5.2 Market Restraint
5.2.1 Complexity Concerns with respect to Laminated Busbars
5.3 Market Opportunity
5.3.1 Increase in Demand for Electric Vehicles
5.4 Future Trend
5.4.1 Leveraging Benefits of AI and IoT in the Power Module
5.5 Impact Analysis of Drivers and Restraints
6. Laminated Busbar Market – Asia Pacific Market Analysis
6.1 Laminated Busbar Market Overview
6.2 Laminated Busbar Market Forecast and Analysis
6.3 Market Positioning –Key Players
7. Laminated Busbar Market Revenue and Forecast to 2027 – Conductor
7.1 Overview
7.2 Asia Pacific Laminated Busbar Market Breakdown, By Conductor, 2019 & 2027
7.3 Aluminium
7.3.1 Overview
7.3.2 Aluminium Market Forecast and Analysis
7.4 Copper
7.4.1 Overview
7.4.2 Copper Market Forecast and Analysis
8. Laminated Busbar Market Revenue and Forecast to 2027 – Insulation Material
8.1 Overview
8.2 Asia Pacific Laminated Busbar Market Breakdown, By Insulation Material, 2019 & 2027
8.3 Polyester Film
8.3.1 Overview
8.3.2 Polyester Film Market Forecast and Analysis
8.4 Heat-resistant Fiber
8.4.1 Overview
8.4.2 Heat-Resistant Fiber Market Forecast and Analysis
8.5 Epoxy Powder Coating
8.5.1 Overview
8.5.2 Epoxy Powder Coating Market Forecast and Analysis
8.6 Polyimide Film
8.6.1 Overview
8.6.2 Polyimide Film Market Forecast and Analysis
8.7 Epoxy Glass
8.7.1 Overview
8.7.2 Epoxy Glass Market Forecast and Analysis
9. Laminated Busbar Market Revenue and Forecast to 2027 – Application
9.1 Overview
9.2 Asia Pacific Laminated Busbar Market Breakdown, By Application, 2019 & 2027
9.3 Datacenter
9.3.1 Overview
9.3.2 Datacenter Market Forecast and Analysis
9.4 Telecom
9.4.1 Overview
9.4.2 Telecom Market Forecast and Analysis
9.5 Alternative Energy
9.5.1 Overview
9.5.2 Alternative Energy Market Forecast and Analysis
9.6 Power Electronics and Silicon Carbides
9.6.1 Overview
9.6.2 Power Electronics and Silicon Carbides Market Forecast and Analysis
9.7 Transportation
9.7.1 Overview
9.7.2 Transportation Market Forecast and Analysis
9.8 Aerospace & Defense
9.8.1 Overview
9.8.2 Aerospace & Defense Market Forecast and Analysis
9.9 Industrial
9.9.1 Overview
9.9.2 Industrial Market Forecast and Analysis
9.10 Others
9.10.1 Overview
9.10.2 Others Market Forecast and Analysis
10. Laminated Busbar Market –Country Analysis
10.1 Asia Pacific: Laminated Busbar Market
10.1.1 APAC: Laminated Busbar Market, by Key Country
10.1.1.1 Australia: Laminated Busbar Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Australia: Laminated Busbar Market, by Conductor
10.1.1.1.2 Australia: Laminated Busbar Market, by Insulation Material
10.1.1.1.3 Australia: Laminated Busbar Market, by Application
10.1.1.1.4 China: Laminated Busbar Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.5 China: Laminated Busbar Market, by Conductor
10.1.1.1.6 China: Laminated Busbar Market, by Insulation Material
10.1.1.1.7 China: Laminated Busbar Market, by Application
10.1.1.2 India: Laminated Busbar Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 India: Laminated Busbar Market, by Conductor
10.1.1.2.2 India: Laminated Busbar Market, by Insulation Material
10.1.1.2.3 India: Laminated Busbar Market, by Application
10.1.1.3 Japan: Laminated Busbar Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Japan: Laminated Busbar Market, by Conductor
10.1.1.3.2 Japan: Laminated Busbar Market, by Insulation Material
10.1.1.3.3 Japan: Laminated Busbar Market, by Application
10.1.1.4 South Korea: Laminated Busbar Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 South Korea: Laminated Busbar Market, by Conductor
10.1.1.4.2 South Korea: Laminated Busbar Market, by Insulation Material
10.1.1.4.3 South Korea: Laminated Busbar Market, by Application
10.1.1.5 Rest of APAC: Laminated Busbar Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Rest of APAC: Laminated Busbar Market, by Conductor
10.1.1.5.2 Rest of APAC: Laminated Busbar Market, by Insulation Material
10.1.1.5.3 Rest of APAC: Laminated Busbar Market, by Application
11. Impact of COVID-19 Pandemic on Asia Pacific Laminated Busbar Market
11.1 Overview
11.2 APAC: Impact Assessment of COVID-19 Pandemic
12. Asia Pacific Laminated Busbar Market- Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
13. Company Profiles
13.1 Electronic Systems Packaging LLC (ESP)
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Methode Electronics, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 OEM International AB
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Ryoden Kasei CO., Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Suzhou West Deane Machinery Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Zhuzhou CRRC Times Electric Co., Ltd.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Mersen SA
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Rogers Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Amphenol Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Laminated Busbar Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. APAC: Laminated Busbar Market, by Conductor – Revenue and Forecast to 2027 (US$ Million)
Table 3. APAC: Laminated Busbar Market, by Insulation Material – Revenue and Forecast to 2027 (US$ Million)
Table 4. APAC: Laminated Busbar Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 5. APAC Laminated Busbar Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 6. Australia: Laminated Busbar Market, by Conductor – Revenue and Forecast to 2027 (US$ Million)
Table 7. Australia: Laminated Busbar Market, by Insulation Material – Revenue and Forecast to 2027 (US$ Million)
Table 8. Australia: Laminated Busbar Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 9. China: Laminated Busbar Market, by Conductor – Revenue and Forecast to 2027 (US$ Million)
Table 10. China: Laminated Busbar Market, by Insulation Material – Revenue and Forecast to 2027 (US$ Million)
Table 11. China: Laminated Busbar Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 12. India: Laminated Busbar Market, by Conductor – Revenue and Forecast to 2027 (US$ Million)
Table 13. India: Laminated Busbar Market, by Insulation Material – Revenue and Forecast to 2027 (US$ Million)
Table 14. India: Laminated Busbar Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 15. Japan: Laminated Busbar Market, by Conductor – Revenue and Forecast to 2027 (US$ Million)
Table 16. Japan: Laminated Busbar Market, by Insulation Material – Revenue and Forecast to 2027 (US$ Million)
Table 17. Japan: Laminated Busbar Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 18. South Korea: Laminated Busbar Market, by Conductor – Revenue and Forecast to 2027 (US$ Million)
Table 19. South Korea: Laminated Busbar Market, by Insulation Material – Revenue and Forecast to 2027 (US$ Million)
Table 20. South Korea: Laminated Busbar Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 21. Rest of APAC: Laminated Busbar Market, by Conductor – Revenue and Forecast to 2027 (US$ Million)
Table 22. Rest of APAC: Laminated Busbar Market, by Insulation Material – Revenue and Forecast to 2027 (US$ Million)
Table 23. Rest of APAC: Laminated Busbar Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 24. Glossary of Term: Laminated Busbar Market
LIST OF FIGURES
Figure 1. Laminated Busbar Market Segmentation
Figure 2. Laminated Busbar Market Segmentation – By Geography
Figure 3. Laminated Busbar Market Overview
Figure 4. Copper Conductor Dominated the Market in 2019
Figure 5. Heat-resistant Fiber is Projected to Witness Lucrative Growth
Figure 6. Transportation Application is Projected to Grow at the Fastest Pace
Figure 7. Asia-Pacific- PEST Analysis
Figure 8. Laminated Busbar Market, Ecosystem
Figure 9. Laminated Busbar Market Impact Analysis of Drivers and Restraints
Figure 10. Laminated Busbar Market Forecast and Analysis (US$ Million)
Figure 11. Asia Pacific Laminated Busbar Market Breakdown, By conductor, 2019 & 2027 (%)
Figure 12. Asia Pacific Aluminium Market Revenue and Forecast to 2027 (US$ Mn)
Figure 13. Asia Pacific Copper Market Revenue and Forecast to 2027 (US$ Mn)
Figure 14. Asia Pacific Laminated Busbar Market Breakdown, By Insulation Material, 2019 & 2027 (%)
Figure 15. Asia Pacific Polyester Film Market Revenue and Forecast to 2027(US$ Mn)
Figure 16. Asia Pacific Heat-resistant Fiber Market Revenue and Forecast to 2027 (US$ Mn)
Figure 17. Asia Pacific Epoxy Powder Coating Market Revenue and Forecast to 2027 (US$ Mn)
Figure 18. Asia Pacific Polyimide Film Market Revenue and Forecast to 2027 (US$ Mn)
Figure 19. Asia Pacific Epoxy Glass Market Revenue and Forecast to 2027 (US$ Mn)
Figure 20. Asia Pacific Laminated Busbar Market Breakdown, By Application, 2019 & 2027 (%)
Figure 21. Asia Pacific Datacenter Market Revenue and Forecast to 2027(US$ Mn)
Figure 22. Asia Pacific Telecom Market Revenue and Forecast to 2027(US$ Mn)
Figure 23. Asia Pacific Alternative Energy Market Revenue and Forecast to 2027(US$ Mn)
Figure 24. Asia Pacific Power Electronics and Silicon Carbides Market Revenue and Forecast to 2027(US$ Mn)
Figure 25. Asia Pacific Transportation Market Revenue and Forecast to 2027(US$ Mn)
Figure 26. Asia Pacific Aerospace & Defense Market Revenue and Forecast to 2027(US$ Mn)
Figure 27. Asia Pacific Industrial Market Revenue and Forecast to 2027(US$ Mn)
Figure 28. Asia Pacific Others Market Revenue and Forecast to 2027(US$ Mn)
Figure 29. APAC: Laminated Busbar Market Revenue Share, by Key Country (2019 and 2027)
Figure 30. Australia: Laminated Busbar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. China: Laminated Busbar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. India: Laminated Busbar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Japan: Laminated Busbar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. South Korea: Laminated Busbar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. Rest of APAC: Laminated Busbar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Impact of COVID-19 Pandemic in APAC
- Electronic Systems Packaging LLC (ESP)
- Methode Electronics, Inc.
- Ryoden Kasei CO., Ltd.
- OEM International AB
- Suzhou West Deane Machinery Inc.
- Zhuzhou CRRC Times Electric Co., Ltd.
- Mersen SA
- Rogers Corporation
- Amphenol Corporation
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