The laminated busbar market was valued at USD 723.6 Million in 2016 and expected to grow at a CAGR of 6.21%, from 2017 to 2022, to reach a projected USD 1,004.5 Million by 2022. The growth of the laminated busbar market can be attributed to the increased adoption of electric vehicles and hybrid electric vehicles, along with the increased share of renewable energies in the primary energy mix. The laminated busbar market has been segmented by end-user, insulation material, conductor, and region.
The years considered for the study are:
Base Year: 2016
Estimated Year: 2017
Projected Year: 2022
Forecast Period: 2017 to 2022
The base year considered for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.
Objectives of the Study
To define, describe, and forecast the laminated busbar market by end-user, insulation material, conductor, and region
To provide detailed information regarding the major factors influencing the growth of the laminated busbar market (drivers, restraints, opportunities, and challenges)
To strategically analyze the laminated busbar market with respect to individual growth trends, future prospects, and the contribution of each segment to the market
To track and analyze competitive developments, such as contracts & agreements, new product launches, expansions and investments, and partnerships and collaborations, in the laminated busbar market
To strategically profile the key players and comprehensively analyze their market shares and core competencies
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the laminated busbar market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The research methodology has been explained below.
Study of the annual revenues and market developments of the major players that provide laminated busbars
Assessment of future trends and growth of end-users
Assessment of the laminated busbar market with respect to the various insulation materials used for different applications
Study of the contracts and developments related to the laminated busbar market by key players across different regions
Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies supplying laminated busbars across the globe
After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.