OREANDA-NEWS. MarketsandMarkets Offers Report by Research on Laminated Busbar Market by Insulation (Epoxy Powder Coating, Kapton, Mylar, Nomex, Tedlar, and Teonex), End User (Power Electronics, Alternative Energy, Transportation, Telecom, Datacenters, A&D, Industrial), and Region - Global forecast to 2021.

The global laminated busbar market is projected to grow at a CAGR of 5.72% from 2016 to 2021, to reach a market size of USD 955.6 Million by 2021. This growth is attributed to the rise of renewable energy sources in power generation mix and increase in awareness about energy saving and efficiency.

The report segments the laminated busbar market based on end-user industry into power electronics, alternative energy, transportation, Aerospace & defense, industrial, datacenters, telecom, and other sectors (laboratory and research applications). The power electronics segment is expected to dominate the laminated busbar market during the forecast period.

Based on insulation material, the laminated busbar market is categorized into epoxy powder coating, kapton, mylar, nomex, tedlar, and teonex. The epoxy coating segment accounted for the largest market share in 2015. Epoxy powder coating has been increasingly adopted due to low cost and high dielectric strength. The tedlar insulation sub segment is expected to grow at the fastest CAGR during the forecast period.

In this report, the laminated busbar market has been analysed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Europe is expected to dominate the global laminated busbar market during the forecast period, owing to their applications in heavy industries such as steel, automotive and other manufacturing industries.

Asia-Pacific is projected to grow at the fastest CAGR from 2016 to 2021. The region is the largest market for construction. The growth in smart cities, development of high-rise buildings, and government mandates to save energy are expected to drive the laminated busbar market.

The development of smart cities across the globe is expected to drive the growth of the laminated busbar market. In addition, laminated busbars form an indispensable part of renewable solar panels, wind turbines and motors used in renewable power generation. Thus, rise in renewable sources for power generation will boost the demand for laminated busbars. Local companies providing low-quality laminated busbars in countries such as China and India provide stiff competition to global market players.    Manufacturing of low quality laminated busbars by local manufacturers affects the revenue of established players.

Some of the leading players in the laminated busbar market include Amphenol Corporation (U.S.), Idealec SAS (France), Methode Electronics, Inc. (U.S.), Mersen S.A. (France), Rogers Corporation (U.S.), and Sun King Power Electronics Group Limited (China). Contracts & agreements was the strategy most commonly adopted by top players in the market, constituting 43% of the total developments from 2013 to 2016. It was followed by expansions, new product development, and mergers & acquisitions.