Latest market study on “Laminated Busbar Market to 2027 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 SiC, Transportation, Aerospace & Defense, Industrial, and Others);– Global Analysis and Forecast,” the laminated busbar marketis estimated to reach US$ 1,330.8 Mn by 2027 from US$ 737.7 Mnin 2019. The report includesa key understanding of the factors of driving or restraining the market growth, along with highlighting the prominent players in the market with their recent developments.

The global laminated busbar market is a fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Currently, Europe leads the global market, followed by Asia Pacific and North America. The presence of significant players in the European region investing in the key application areas is one of the key reasons attributed to the market dominance.

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Further, rising demand for power, increasing investment in the energy sector, robust automotive & transportation market, and growing construction activities in the region are likely to drive Europe’s demand for laminated busbars. Renewable energy steadily growing share, growing integration of renewable energy also contribute to the dominant market share of the region. in the laminated busbar market. As leading companies in this market continue to broaden their addressable market by expanding existing product portfolio, diversifying client base, and developing new applications and markets, all the prominent players face an increasing level of competition, both from regional players as well as the leading global companies. The manufacturing sectors in countries such as the US, Germany, and China are witnessing huge growth, which would also boost the Laminated Busbar market growth.

The global Laminated Busbar market has been segmented into five major regions: North America, Europe, APAC, MEA, and SAM. Europe holds the dominant share in the Laminated Busbar Market, and APAC is expected to be the fastest-growing region in the global market. Policies in Europe are beneficial for the growth of varied businesses, which is one of the factors contributing to the development of the Laminated Busbar market in Europe.

The top five companies in the Laminated Busbar market are Methode Electronics, Inc., OEM International AB, Zhuzhou CRRC Times Electric Co., Ltd., Mersen SA, and Rogers Corporation The above listing of key players is derived by considering multiple factors such as overall revenue, current Laminated Busbar solution portfolio, new product launches, market initiatives, investment in technology up gradation, mergers & acquisitions and other joint activities.

The report segments the global laminated busbarmarket as follows:

Laminated Busbar Market – By Conductor

·         Aluminum

·         Copper

Laminated BusbarMarket – By Insulation Material

·         Polyester Film

·         Heat-Resistant Fiber

·         Epoxy Powder Coating

·         Polyamide Film

·         Epoxy Glass

Laminated Busbar Market – By Application

·         Datacenter

·         Telecom

·         Alternative Energy

·         Power Electronics and SiC

·         Transportation

·         Aerospace & Defense

·         Industrial

·         Others

Laminated Busbar Market – By Geography

·         North America

o    US

o    Canada

o    Mexico

·         Europe

o    France

o    Germany

o    Italy

o    UK

o    Russia

o    Rest of Europe

·         Asia Pacific

o    China

o    India

o    Australia

o    South Korea

o    Japan

o    Rest of Asia Pacific

·         Middle East and Africa

o    South Africa

o    Saudi Arabia

o    UAE

o    Rest of Middle East and Africa

·         South America

o    Brazil

o    Argentina

o    Rest of South America

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