Laminated Busbar Industry Statistics

In this post, we will explore key statistics and insights related to the laminated busbar industry. The market is projected to reach $1.59 billion by 2028, with various regions and applications driving growth at specific rates. From market shares to major players and emerging trends, the data offers a comprehensive view of the industry landscape.

Statistic 1

"The market is projected to reach $1.59 billion by 2028."

Statistic 2

"It will grow at a CAGR of 3.3% during 2021-2028."

Statistic 3

"North America accounted for 37.0% of the total market share in 2020."

Statistic 4

"The European laminated busbars market is expected to grow at a CAGR of 4.2% during 2021-2026."

Statistic 5

"The Asia Pacific region is expected to exhibit the highest CAGR of 4.4% during the forecast period."

Statistic 6

"In 2021, the telecommunications sector held 23% of the global laminated busbar market share."

Statistic 7

"Major players in the global laminated busbar market include Amphenol Corporation, Idealac, Methode Electronics, Mersen and Rogers Corporation."

Statistic 8

"Power electronics application is expected to grow at the highest CAGR of 6.5% during the forecast period."

Statistic 9

"The copper type segment occupied the largest market share of over 52% in 2021."

Statistic 10

"Epoxy powder coating was the most used insulation material, accounting for over 52% of the total market in 2020."

Statistic 11

"The market size for laminated busbar in China was $260 million in 2020."

Statistic 12

"The alternative energy application segment had a market share of 24% in 2019."

Statistic 13

"The data center application is projected to grow at a rate of 4% between 2021 and 2026."

Statistic 14

"In 2020, Siemens held the largest market share of 11.35% in the global laminated busbar market."

Statistic 15

"The energy & power industry was the dominant segment in the laminated busbar market in 2021, with a market share of over 28%."

Statistic 16

"In 2019, the global laminated busbar market was dominated by the Asia Pacific region, with a market share of 35%."

Statistic 17

"The automotive segment is anticipated to grow at a CAGR of 4.5% from 2021 to 2026."

Statistic 18

"Copper laminated busbars are anticipated to have the highest CAGR of 5.2% over the forecast period."

The laminated busbar industry is experiencing steady growth, with the market projected to reach $1.59 billion by 2028 at a CAGR of 3.3%. Different regions show varying levels of market dominance and growth rates, with North America holding a significant market share in 2020, and the Asia Pacific region expected to exhibit the highest CAGR during the forecast period. Major players like Amphenol Corporation and Siemens are leading the market, while applications such as power electronics and industries like energy & power play crucial roles in driving growth. With segments such as copper laminated busbars and applications like alternative energy showing promising growth rates, the industry is poised for continued expansion and innovation in the coming years.