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Laminated Busbar Market worth 955.6 Million USD by 2021

Laminated Busbar Market worth 955.6 Million USD by 2021

The global laminated busbar market is projected to grow at a CAGR of 5.72% from 2016 to 2021, to reach a market size of USD 955.6 Million by 2021. This growth is attributed to the rise of renewable energy sources in power generation mix and increase in awareness about energy saving and efficiency. The report segments the laminated busbar market based on end-user industry into power electronics, alternative energy, transportation, Aerospace & defense, industrial, datacenters, telecom, and other sectors (laboratory and research applications). The power electronics segment is expected to dominate the laminated busbar market during the forecast period.

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Attractive Market Opportunities in the Laminated Busbar Market

Attractive Market Opportunities in the Laminated Busbar Market

The global laminated busbar market is projected to grow at a CAGR of 5.72% from 2016 to 2021, to reach a market size of USD 955.6 Million by 2021. This growth is attributed to the rise of renewable energy sources in power generation mix and increase in awareness about energy saving and efficiency. The report segments the laminated busbar market based on end-user industry into power electronics, alternative energy, transportation, Aerospace & defense, industrial, datacenters, telecom, and other sectors (laboratory and research applications). The power electronics segment is expected to dominate the laminated busbar market during the forecast period.

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Laminated Busbar Market worth USD 955.6 Million by 2021, at a CAGR of 5.72%

Laminated Busbar Market worth USD 955.6 Million by 2021, at a CAGR of 5.72%

The global laminated busbar market is projected to grow at a CAGR of 5.72% from 2016 to 2021, to reach a market size of USD 955.6 Million by 2021. This growth is attributed to the rise of renewable energy sources in power generation mix and increase in awareness about energy saving and efficiency. The report segments the laminated busbar market based on end-user industry into power electronics, alternative energy, transportation, Aerospace & defense, industrial, datacenters, telecom, and other sectors (laboratory and research applications). The power electronics segment is expected to dominate the laminated busbar market during the forecast period.

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Laminated Busbar Market worth 1,004.5 Million USD by 2022

Laminated Busbar Market worth 1,004.5 Million USD by 2022

The laminated busbar market is projected to be USD 743.2 Million by 2017 and expected to grow at a CAGR of 6.21%, during the forecast period, to reach a market size of USD 1,004.5 Million by 2022. The continuously increasing demand for electric vehicles (EVs) and hybrid electric vehicle (HEVs), along with the growing integration of renewable energies into main power supply grids is driving the laminated busbar market.

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