Automotive Busbar Market Dynamics Trends, Segmentation, Key Players And Forecast 1 ©P&SIntelligence.Allrightsreserved
The global automotive busbar market reached a value of $17.4 million in 2020, and it is predicted to progress at a CAGR of 24.6% between 2021 and 2030. Furthermore, as per the estimates of P&S Intelligence, a market research company based in India, the market will generate revenue of $177.1 million in 2030. The surging deployment of electric vehicles (EVs) in several countries is a key factor driving the expansion of the market. Request to Get the Sample Report: https://www.psmarketresearch.com/market- analysis/automotive-busbar-market/report-sample This is primarily because busbars are extensively used in EVs, as traditional cell connections such as strips, lugs, and welded wires are extremely prone to failure due to the dislocation of the cells because of the vibrations caused by a moving automobile. Moreover, busbars have low thermal and electrical resistance and are thus, used heavily in EV manufacturing processes. Besides these, the soaring usage of plug-in hybrid EVs (PHEVs) is also fueling the worldwide demand for automotive busbars. Many automakers such as BMW AG, Tesla Inc., and Hyundai Motor Company are increasingly focusing on manufacturing EVs, thereby positively impacting the market expansion across the world. The other factors fueling the market growth are the operational benefits and lower costs of busbars than cables. Busbars reduce the assembly time, which, in turn, curtails the internal manufacturing and material handling costs. Additionally, they are widely preferred in motor control center applications, due to their ability to provide ease of retrofitting. Because of the aforementioned factors, automobile manufacturers increasingly prefer busbars over cables. Depending on conductor, the automotive busbar market is divided into aluminum and copper. Between these, the copper category accounted for majority shares in the market in 2020. This was because of the large-scale usage of copper as a conducting material in busbars, on account of its high electrical conductivity, non-magnetic and easily machinable characteristics, and high corrosion resistance. Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send- enquiry?enquiry-url=automotive-busbar-market Hence, it can be safely said that the market will register huge expansion in the coming years, primarily because of the growing deployment of EVs and EV charging stations in several countries around the world. Market Segmentation by Power Rating •Low •High Market Segmentation by Conductor •Copper •Aluminum
Market Segmentation by Geography •North America Automotive Busbar Market oBy power rating oBy conductor oBy country – U.S. and Canada ▪U.S. automotive busbar market ▪By power rating ▪By conductor ▪Canada automotive busbar market ▪By power rating ▪By conductor •Europe Automotive Busbar Market oBy power rating oBy conductor oBy country – Germany, France, U.K., Sweden, Netherlands, and Rest of Europe ▪Germany automotive busbar market ▪By power rating ▪By conductor ▪France automotive busbar market ▪By power rating ▪By conductor ▪U.K. automotive busbar market ▪By power rating ▪By conductor ▪Sweden automotive busbar market ▪By power rating ▪By conductor ▪Netherlands automotive busbar market ▪By power rating ▪By conductor •Asia-Pacific (APAC) Automotive Busbar Market oBy power rating oBy conductor oBy country – Japan, China, South Korea, and Rest of APAC ▪China automotive busbar market ▪By power rating ▪By conductor ▪Japan automotive busbar market ▪By power rating ▪By conductor ▪South Korea automotive busbar market ▪By power rating
▪By conductor •Rest of the World (RoW) Automotive Busbar Market oBy power rating oBy conductor oBy country –Mexico and Others ▪Mexico automotive busbar market ▪By power rating ▪By conductor This study covers •Historical and the present size of the Automotive Busbar Market •Major factors driving the market and their impact during the short, medium, and long terms •Market restraints and their impact during the short, medium, and long terms •Recent trends and evolving opportunities for the market participants •Historical and the present size of the market segments and understand their comparative future potential •Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings •Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders •Major players operating in the market and their service offerings •Recent strategic developments by the major players in the market 3 ©P&SIntelligence.Allrightsreserved
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