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The laminated busbar market is projected to be USD 743.2 million by 2017 and expected to grow at a CAGR of 6.21% Fernando Valenzuela Jersey , during the forecast period, to reach a market size of USD 1,004.5 million by 2022. The continuously increasing demand for electric vehicles (EVs) and hybrid electric vehicle (HEVs), along with the growing integration of renewable energies into main power supply grids is driving the laminated busbar market.
For an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the laminated busbar market. These include Rogers Corporation (US), Amphenol Corporation (US) Sandy Koufax Jersey , Mersen (France), Idealec SAS (France), and Sun King Power Electronics Group Limited (China). These players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.
Download PDF Brochure @ > The laminated busbar market has been segmented, by end-user, into power electronics, alternative energy Maury Wills Jersey , transportation, telecom, datacenters, aerospace and defense, industrial, and others. The power electronics segment led the laminated busbar market in 2016. Laminated busbars are mainly used in the parallel battery connection and wiring of EVs and HEVs. The increasing preference for clean Kirk Gibson Jersey , renewable energy sources is a major factor for the growth of the power electronics, alternative energy, and transportation end-user segments.
The report segments the laminated busbar market, on the basis of insulation material, into epoxy powder coating, Teonex Babe Herman Jersey , Tedlar, Mylar, Nomex, and Kapton. Tedlar is the fastest-growing segment of the laminated busbar market. Tedlar is mainly used for harsh environments as it performs exceptionally in high temperature and high pressure applications.
To speak to our analyst for a discussion on the above findings, click
Research Coverage:
The report provides a picture of the laminated busbar market across the various end-user segments and regions. It aims at estimating the market size and future growth potential of the market across different segments, such as insulation material Kenley Jansen Jersey , conductor, end-user, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
The major factor restraining the growth of the laminated busbar market is the unorganized market in countries such as China and India. Fluctuations in the prices of raw materials are the main challenge faced by players in the laminated busbar market.
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