Laminated busbars have layers of fabricated conductors such as copper and aluminum that are separated using thin dielectric material and laminated into a unified structure. Some of their beneficial advantages are better electric performance, low inductance, and lower noise.
The Europe market is expected to advance at a CAGR of 5.82% during the forecasting years of 2019-2027. The economies of the United Kingdom, Germany, France, Spain, Italy, Russia and the Rest of Europe are mainly influencing the market growth.
Laminated busbar has its application primarily in alternative energy, electric vehicles, data center and other. Europe laminated busbar market is expected to be on up-surging trend owing to government efforts to promote energy efficiency in power distribution along with a focus to promote electric vehicles in the region.
Also, the increasing greenhouse gas emission along with increasing energy demand is also creating new opportunities for the laminated busbar market in Europe.
The majority of market share was captured by Germany in the Global Laminated Busbar Market in Europe regional market in 2018. This can be reasoned to the escalating energy consumption amid the growing share of renewable sources of energy in the energy mix.
The companies operating in the market that are mentioned in the report are OEM Automatic Ltd., Jans Copper Pvt. Ltd., Storm Power Components, Zhuzhou CRRC Times Electric Co. Ltd., Raychem RPG (P) Ltd., Methode Electronics Inc., Rogers Corporation, Molex Incorporated, Electronic Systems Packaging LLC, Mersen S.A., Amphenol Corporation, and Sun.King Power Electronics Group Limited.