As the global economy recovers in 2021 and the supply of the industrial chain improves, the laminated busbar market will undergo major changes. The laminated busbar market is expected to record a CAGR of around 6.7% CAGR during the forecast period. The outbreak of COVID-19 in Q1 of 2020 negatively affected the laminated busbar market. Lockdown restrictions imposed by governments worldwide have affected end-user demand, as electric construction and infrastructure projects halted during Q1 of 2020. Additionally, disruptions in the supply chain and shipping industry affected the production and the import and export of electrical equipment in H1 2020. Factors such as an increase in power consumption, a rise in industrial activities, and the rising focus on distributed power generation are expected to drive the market during the forecast period. Added drivers for the market are a rise in investment in power infrastructure and a focus on increasing energy efficiency. However, growing competition from the unorganized sector is expected to restrain the growth of the laminated busbar market in the coming years.

The global laminated busbar industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.

The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global laminated busbar market during the next few years. The global laminated busbar market size will reach USD million in 2028, growing at a CAGR of % during the analysis period.

Highlights-Regions

The laminated busbar market can be split based on product types, major applications, and important regions as follows:

North America
Europe
Asia Pacific
Latin America

Player list
Methode Electronics Inc.
Rogers Corporation
Mersen SA
Sun.King Power Electronics Group Ltd.
Amphenol Corporation

Types list
Aluminum
Copper

Application list
Power Utilities
Industrial
Transportation
Residential and Commercial