Copper Segment to Dominate North America Laminated Busbar Market during 2020–2027

According to a new market research study on “North America Laminated Busbar Market to 2027 – Regional Analysis and Forecast by Conductor, Insulation Material, and Application,” is expected to reach US$ 307.67 Mn by 2027 from US$ 165.88 Mn in 2019. The market is estimated to grow at a CAGR of 8.2% from 2020 to 2027. The report provides trends prevailing in the North America laminated busbar market along with the drivers and restraints pertaining to the market growth. Rising usage of smart grids coupled with growing demand for sustainable energy system are the major factors driving the growth of the laminated busbar market. However, complexities associated with the laminated busbars might hinder the growth of North America laminated busbar market.

Selection of the conductive material is critical in meeting the requirements of electrical performance and mechanical rigidity. Copper, aluminium, and a variety of copper alloys are common materials used. The material chosen, the mechanical constraints, and the electrical performance determines the minimum mechanical dimensions of the conductor for the specific application. The report segments the laminated busbar market into copper and aluminium based on the type of conductor. During the forecast period, the copper segment is projected to be the biggest market for laminated busbars. Copper is the most widely used and technically the best material for the production of laminated busbars, as it offers higher conductivity and better capacity resistance to load surges.

Amphenol Corporation, Electronic Systems Packaging LLC(ESP), Mersen SA, Methode Electronics Inc., Rogers Corporation, Storm Manufacturing Company, Suzhou West Deane Machinery Inc., and Zhuzhou CRRC Times Electric Co, Ltd. are among the leading companies in the North America laminated busbar market. In addition to these players, there are several other important players operating in the ecosystem which were analyzed during the course of this market research study. Various companies are focusing on growth strategies such as product launches, product approvals and others such as patents and events. These activities have paved the way for the expansion of business and customer base of market players. The market players from laminated busbar market are anticipated to lucrative growth opportunities in the future with the rising demand for laminated busbar in the market.  

North America laminated busbar market

The report segments the North America laminated busbar market as follows:

Laminated Busbar Market– By Conductor

• Aluminum
• Copper

Laminated Busbar Market – 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 Silicon Carbides
• Transportation
• Aerospace & Defense
• Industrial
• Others

Laminated Busbar Market – By Country

• US
• Canada
• Mexico