Latest market study on “Laminated
Busbar Market to 2027 by Conductor (Aluminum and Copper) Insulation
Material (Polyester Film, Heat-resistant Fiber, Epoxy Powder Coating, Polyamide
Film, and Epoxy Glass); Application (Datacenter, Telecom, Alternative Energy,
Power Electronics and SiC, Transportation, Aerospace & Defense, Industrial,
and Others);– Global Analysis and Forecast,” the laminated busbar marketis
estimated to reach US$ 1,330.8 Mn by 2027 from US$ 737.7 Mnin 2019. The report
includesa key understanding of the factors of driving or restraining the market
growth, along with highlighting the prominent players in the market with their
recent developments.

The global 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, Europe leads the global market, followed by Asia Pacific and
North America. The presence of significant players in the European region
investing in the key application areas is one of the key reasons attributed to
the market dominance.

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Further, rising demand for power,
increasing investment in the energy sector, robust automotive &
transportation market, and growing construction activities in the region are
likely to drive Europe’s demand for laminated busbars. Renewable energy
steadily growing share, growing integration of renewable energy also contribute
to the dominant market share of the region. in the laminated busbar market. As
leading companies in this market continue to broaden their addressable market
by expanding existing product portfolio, diversifying client base, and
developing new applications and markets, all the prominent players face an
increasing level of competition, both from regional players as well as the
leading global companies. The manufacturing sectors in countries such as the
US, Germany, and China are witnessing huge growth, which would also boost the
Laminated Busbar market growth.

The global Laminated Busbar market
has been segmented into five major regions: North America, Europe, APAC, MEA,
and SAM. Europe holds the dominant share in the Laminated Busbar Market, and
APAC is expected to be the fastest-growing region in the global market.
Policies in Europe are beneficial for the growth of varied businesses, which is
one of the factors contributing to the development of the Laminated Busbar
market in Europe.

The top five companies in the
Laminated Busbar market are Methode Electronics, Inc., OEM International AB,
Zhuzhou CRRC Times Electric Co., Ltd., Mersen SA, and Rogers Corporation The
above listing of key players is derived by considering multiple factors such as
overall revenue, current Laminated Busbar solution portfolio, new product
launches, market initiatives, investment in technology up gradation, mergers
& acquisitions and other joint activities.

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