Laminated Busbar Market Revenue, Growth, Analysis, Trend, Competition and Future Outlook 2034
Laminated Busbar Market Growth, Size, Trends Analysis - By Material, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Apr-2025 | Report ID: POAE2516 | Pages: 1 - 246 | Formats*: |
| Category : Power & Energy | |||
Laminated Busbar Market Introduction and Overview
According to SPER Market Research, the Global Laminated Busbar Market is estimated to reach USD 1492.81 million by 2034 with a CAGR of 5.58%.
The report includes an in-depth analysis of the Global Laminated Busbar Market, including market size and trends, product mix, Applications, and supplier analysis.
The global laminated busbar market was valued at USD 867.34 million in 2024 and is expected to grow at a CAGR of 5.58% between 2025 and 2034. The automobile industry is rapidly switching to electric mobility, fuelled by strict pollution restrictions and rising consumer demand for environmentally friendly vehicles. In electric vehicles, laminated busbars are crucial for properly controlling and transferring electrical power between batteries, power electronics, and other components. Their ability to reduce inductance and enhance thermal management makes them excellent for high-power applications in EVs, which drives up demand.
By Material Insights: The copper market had the largest revenue share in 2024 and is expected to grow significantly from 2025 to 2034. Copper's excellent electrical conductivity is much higher than that of aluminum and other materials, allowing copper laminated busbars to transmit large electrical currents efficiently with minimal losses. This efficiency is vital in data centers, renewable energy installations, and industrial machinery. Additionally, copper's superior thermal conductivity helps dissipate heat from electrical systems, preventing overheating and enhancing the reliability and lifespan of components. This makes copper laminated busbars ideal for high-power applications, such as electric vehicles and power electronics.
By End User Insights: The utilities sector had the largest revenue share in 2024 and is expected to grow at the highest rate from 2025 to 2034. Utilities face pressure to provide reliable power with minimal losses. Laminated busbars help reduce electrical resistance and inductance, cutting energy losses during power transmission. This efficiency is vital for a stable electricity supply. Their superior conductivity and reduced electrical noise are driving their use in utilities. Additionally, their thermal management capabilities allow for effective heat dissipation, enhancing reliability and longevity of electrical equipment.
Regional Insights: The North America laminated busbar market had the largest revenue share in 2024. The U.S. and Canada are investing heavily in renewable energy projects to lower carbon emissions and promote sustainable energy. Laminated busbars are important in solar and wind power systems, as they help with power conversion and distribution while reducing energy losses. Asia-Pacific countries are also investing in renewable energy to meet energy needs and lessen reliance on fossil fuels. Laminated busbars are essential for efficient power distribution and conversion in this shift towards sustainable energy.
Market Competitive Landscape
The laminated busbar market has many key players, from large global companies to smaller regional ones. These companies compete on quality, innovation, pricing, distribution, and customer service. Mersen S. A. is a global leader in electrical power and advanced materials, offering various laminated busbars for high performance power distribution, made from copper, aluminum, or flexible laminates with different insulation options. Rogers Corporation provides advanced materials for industries, including laminated busbars, with a range of high-performance solutions like RO-LINX® laminates, designed for excellent electrical performance and reliability.
Recent Developments:
- In January 2023, Mersen was selected by ACC, a joint venture with Stellantis, TotalEnergies/Saft, and Mercedes-Benz, to provide intelligent laminated busbars. This partnership highlights Mersen's key role in improving battery technologies for electric vehicles.
- In April 2023, Amphenol Corporation expanded its portfolio by acquiring the North American cable and related services division from RFS. This move aims to strengthen Amphenol's capabilities in the laminated busbar market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Material, By End User. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | Ryoden Kasei Co. Ltd, Methode Electronics Inc, Rogers Corporation, Mersen SA, Sun.King Power Electronics Group Ltd, Zhuzhou CRRC Times Electric Co. Ltd, Amphenol Corporation, Shanghai Eagtop Electronic Technology Co. Ltd, Molex LLC. |
Key Topics Covered in the Report
- Global Laminated Busbar Market Size (FY’2021-FY’2034)
- Overview of Global Laminated Busbar Market
- Segmentation of Global Laminated Busbar Market By Material (Copper, Aluminum)
- Segmentation of Global Laminated Busbar Market By End User (Utilities, Industrial, Commercial, Residential)
- Statistical Snap of Global Laminated Busbar Market
- Expansion Analysis of Global Laminated Busbar Market
- Problems and Obstacles in Global Laminated Busbar Market
- Competitive Landscape in the Global Laminated Busbar Market
- Details on Current Investment in Global Laminated Busbar Market
- Competitive Analysis of Global Laminated Busbar Market
- Prominent Players in the Global Laminated Busbar Market
- SWOT Analysis of Global Laminated Busbar Market
- Global Laminated Busbar Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Laminated Busbar Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Laminated Busbar Market
7. Global Laminated Busbar Market, By Material (USD Million) 2021-2034
7.1. Copper7.2. Aluminum
8. Global Laminated Busbar Market, By End User (USD Million) 2021-2034
8.1. Utilities8.2. Industrial8.3. Commercial8.4. Residential
9. Global Laminated Busbar Market, (USD Million) 2021-2034
9.1. Global Laminated Busbar Market Size and Market Share
10. Global Laminated Busbar Market, By Region, (USD Million) 2021-2034
10.1. Asia-Pacific
10.1.1. Australia10.1.2. China10.1.3. India10.1.4. Japan10.1.5. South Korea10.1.6. Rest of Asia-Pacific
10.2. Europe
10.2.1. France10.2.2. Germany10.2.3. Italy10.2.4. Spain10.2.5. United Kingdom10.2.6. Rest of Europe
10.3. Middle East and Africa
10.3.1. Kingdom of Saudi Arabia10.3.2. United Arab Emirates10.3.3. Qatar10.3.4. South Africa10.3.5. Egypt10.3.6. Morocco10.3.7. Nigeria10.3.8. Rest of Middle-East and Africa
10.4. North America
10.4.1. Canada10.4.2. Mexico10.4.3. United States
10.5. Latin America
10.5.1. Argentina10.5.2. Brazil10.5.3. Rest of Latin America
11. Company Profile
11.1. Eaton Corporation PLC
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2. Ryoden Kasei Co. Ltd
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3. Methode Electronics Inc
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4. Rogers Corporation
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5. Mersen SA
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6. Sun.King Power Electronics Group Ltd
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments
11.7. Zhuzhou CRRC Times Electric Co. Ltd
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8. Amphenol Corporation
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments
11.9. Shanghai Eagtop Electronic Technology Co. Ltd
11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments
11.10. Molex LLC
11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Laminated Busbar Market CAGR of 5.58% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Laminated Busbar Market size is USD 1492.81 million from 2025 to 2034.
Laminated Busbar Market is covered By Product, By Function, By Application, By End-User.
The North America is anticipated to have the highest Market share in the Laminated Busbar Market.
The key players in the Market include Companies Covered Ryoden Kasei Co. Ltd, Methode Electronics Inc, Rogers Corporation, Mersen SA, Sun.King Power Electronics Group Ltd, Zhuzhou CRRC Times Electric Co. Ltd, Amphenol Corporation, Shanghai Eagtop Electronic Technology Co. Ltd, Molex LLC.
The automobile industry is rapidly switching to electric mobility, fuelled by strict pollution restrictions and rising consumer demand for environmentally friendly vehicles. In electric vehicles, laminated busbars are crucial for properly controlling and transferring electrical power between batteries, power electronics, and other components.
Laminated Busbar Market is projected to reach USD 1492.81 million by 2034, growing at a CAGR of 5.58% during the forecast period.
Laminated Busbar Market grew in Market size from 2025. The Market is expected to reach USD 1492.81 million by 2034, at a CAGR of 5.58% during the forecast period.
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