North America Laminated Busbar Market
Laminated busbar is an engineered component comprising of layers of fabricated metal separated by very thin dielectric materials, laminated into a unified structure. Bus bars aid in reducing the overall system costs, improving reliability, enhancing the capacitance, and eliminating any wiring errors. Busbars also help in lowering the inductance and impedance in the system. The physical structure of the bus bars offers exceptional features for mechanical design. One of the most common concerns with the conventional busbar is installation issues. The conventional ones comprise a complicated network of cables and interconnected parts that are difficult to assemble. On the other hand, laminated busbars are pre-assembled and has a compact structure. Geographically, the North America market is segmented into three major countries— US, Canada, and Mexico. The North America 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, US leads the North America market, followed by Canada and Mexico.
Strategic insights for the North America Laminated Busbar provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 165.88 Million |
| Market Size by 2027 | US$ 307.67 Million |
| Global CAGR (2020 - 2027) | 8.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Conductor
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Laminated Busbar refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The laminated busbar market in North America is expected to grow from US$ 165.88 Mn in 2019 to US$ 307.67 Mn by 2027; it is estimated to grow at a CAGR of 8.2% from 2020 to 2027. The growing demand for sustainable energy system and rising usage of smart grids to boost demand for laminated busbars, which in turn are driving the growth of laminated busbar market across the region. However, the complexities associated with the laminated busbars is a hindering factor to the laminated busbar market growth. Further, growing demand for electric vehicles is expected to bolster the growth of the laminated busbar market in the near future.
In terms of conductor, the copper segment accounted for the largest share of the North America laminated busbar market in 2019. In terms of insulation material, the polyester film segment held a larger market share of the laminated busbar market in 2019. Further, based on application, power electronics and silicon carbides segment held the largest share of the market. On the basis of country, the market is bifurcated into US, Canada, and Mexico. The US held the largest share of the laminated busbar market.
A few major primary and secondary sources referred to for preparing this report on the laminated busbar market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Electronic Systems Packaging LLC (ESP), Methode Electronics, Inc., Storm Power Components, Suzhou West Deane Machinery Inc., Zhuzhou CRRC Times Electric Co., Ltd., Mersen SA, Rogers Corporation, and Amphenol Corporation among others.
The North America Laminated Busbar Market is valued at US$ 165.88 Million in 2019, it is projected to reach US$ 307.67 Million by 2027.
As per our report North America Laminated Busbar Market, the market size is valued at US$ 165.88 Million in 2019, projecting it to reach US$ 307.67 Million by 2027. This translates to a CAGR of approximately 8.2% during the forecast period.
The North America Laminated Busbar Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Laminated Busbar Market report:
The North America Laminated Busbar Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Laminated Busbar Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Laminated Busbar Market value chain can benefit from the information contained in a comprehensive market report.
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