San Francisco, California, May 19, 2017 : TMR Research elaborates the scope of growth for players involved in the global laminated busbar market, in “Laminated Busbar Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” Several developments have made laminated busbar assemblies the ideal power distribution tool over recent years. These include power density requirements of present-day technologies, the growing demand for improved performance and reliability of the device it supplies power to, and the compact electronic devices that require the central power distribution system to optimize the power being distributed.
The general growth in adoption of connected infrastructures throughout several residential and industrial setups, coupled with the rising demand for compressed high-speed electronics in nearly all facilities, is supplementing the growth rate of the global laminated busbar market as of now. This factor is likely to continue propelling the market over the coming years, imparting a healthy CAGR to it for the foreseeable future. The global laminated busbar market is also being driven by the increased focus on enhancing renewable energy usage and the ensuing need to adapt power distribution infrastructures. The increasing awareness concerning the requirement for energy conservation is also expected to drive the global laminated busbar market.
The global laminated busbar market can be segmented on the basis of insulation material, into nomex, epoxy powder coating, polyimide, polyvinyl fluoride (PVF), epoxy glass, and polyethylene terephthalate (PET). Of these, the market is led by epoxy coatings, due to their lower costs and steady insulation properties, or high dielectric strength. On the basis of end users, the global laminated busbar market can be segmented into transportation, power electronics, telecom, data centers, and alternative energy, with power electronics leading in terms of demand volume and consumption rates of laminated busbars.
Geographically, the global laminated busbar market can be segmented into the key market regions of North America, Asia Pacific, Europe, Latin America, and the MEA. The overall success rate of players in Asia Pacific has catapulted this region to the top of the charts in the global laminated busbar market. The demand for laminated busbars is very high in Asia Pacific as well as Europe for similar reasons: the presence of established and high-growth industries such as automotive, steel, and manufacturing. Over the coming years, Asia Pacific is expected to remain the leading region in the market for the same reasons.
The key players in the global laminated busbar market at the moment include Methode Electronics, Inc., Idealec SAS, Amphenol Corporation, Rogers Corporation, and Mersen S.A.