Laminated Busbar Market Size, Share, Trends, Growth and Forecast 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 991.34 Million
CAGR (2026-2031)	6.23%
Fastest Growing Segment	Copper
Largest Market	North America
Market Size (2031)	USD 1424.64 Million

Market Overview

The Global Laminated Busbar Market will grow from USD 991.34 Million in 2025 to USD 1424.64 Million by 2031 at a 6.23% CAGR. Laminated busbars are engineered power distribution components comprising conductive layers of copper or aluminum separated by thin dielectric insulation, fused into a single structural unit to ensure low inductance and thermal efficiency. The primary drivers supporting the market's growth include the rapid electrification of the transportation sector, the aggressive expansion of renewable energy infrastructure, and the increasing power density requirements within data centers. According to SolarPower Europe, in 2024, the global solar sector installed a record 597 GW of new capacity, significantly intensifying the industrial requirement for advanced interconnect solutions used in power inverters and conversion systems.

Despite these strong growth indicators, a significant challenge that could impede market expansion is the volatility of raw material prices, particularly for copper and aluminum. Unpredictable fluctuations in these metal costs can disrupt manufacturing margins and create supply chain instability, potentially delaying critical infrastructure projects and affecting the overall affordability of final electrical assemblies.

Key Market Drivers

The rapid electrification of the automotive sector drives significant growth in the Global Laminated Busbar Market. As electric vehicle (EV) manufacturers strive to optimize battery pack performance and reduce vehicle weight, laminated busbars are increasingly adopted to replace bulky wiring harnesses, offering superior current carrying capabilities and reduced inductance. These components are critical for managing the high-voltage requirements of modern traction inverters and power distribution units, ensuring thermal efficiency in confined spaces. According to the International Energy Agency, April 2025, in the 'Global EV Outlook 2025', electric car sales topped 17 million worldwide in 2024, creating substantial demand for these efficient onboard interconnects. This production surge directly necessitates advanced busbar solutions to maintain reliability within dense battery assemblies and electronic powertrains.

Concurrently, the proliferation of hyperscale data centers is a major driving factor. The exponential growth in artificial intelligence has escalated power density within server racks, compelling facility operators to utilize laminated busbars for their compact footprint and ability to minimize energy loss. These busbars enable efficient power delivery to energy-intensive processors while improving airflow for cooling systems compared to traditional cabling. According to the International Energy Agency, April 2025, in the 'Energy and AI' report, global data center electricity consumption reached approximately 415 TWh in 2024, underscoring the critical need for robust power infrastructure. Additionally, broader renewable energy integration continues to support market momentum. According to the Global Wind Energy Council, in 2025, the global wind industry installed a record 117 GW of new capacity in 2024, further amplifying the requirement for reliable power distribution systems in generation assets.

Download Free Sample Report

Key Market Challenges

The volatility of raw material prices, specifically for copper and aluminum, presents a formidable obstacle to the expansion of the Global Laminated Busbar Market. Manufacturers heavily rely on these metals as the primary conductive layers in their assemblies, making their cost structures highly sensitive to market fluctuations. When metal prices swing unpredictably, producers struggle to maintain stable pricing for long-term contracts, leading to eroded profit margins and financial instability. This uncertainty often forces manufacturers to delay procurement or pass increased costs to clients, which can stall the momentum of critical electrification projects.

According to the International Copper Study Group, in 2024, global copper mine production was forecast to grow by only 1.7%, a rate significantly constrained by operational disruptions and major mine closures. This restricted supply growth creates a fragile market environment where price instability becomes frequent and acute. Consequently, busbar manufacturers face disrupted supply chains and planning difficulties, ultimately slowing the delivery of essential interconnect solutions to high-growth sectors like electric vehicles and renewable energy infrastructure.

Key Market Trends

The adoption of low-inductance designs tailored for wide bandgap (WBG) semiconductors, such as silicon carbide (SiC) and gallium nitride (GaN), is a significant trend influencing the Global Laminated Busbar Market. These advanced semiconductors operate at substantially higher switching frequencies than traditional silicon, generating rapid voltage transitions that require busbars with minimal stray inductance to prevent dangerous voltage overshoots and energy losses. Consequently, manufacturers are engineering laminated busbars with ultra-thin dielectric layers and optimized geometries to match the stringent performance demands of WBG-based power inverters. According to Wolfspeed, August 2024, in its fiscal year 2024 results, the company reported annual revenue of $807 million, highlighting the growing scale of SiC technologies that necessitates these specialized high-performance interconnect solutions.

Concurrently, the integration of smart monitoring and sensing technologies into busbar architectures is emerging as a critical value-added feature. This trend involves embedding micro-sensors within the laminated assembly to track temperature, voltage, and current in real-time, enabling predictive maintenance and enhancing safety in complex electrical systems. This digitalization transforms passive power distribution components into active elements of intelligent industrial infrastructure and modern utility networks. According to the International Energy Agency, June 2024, in the 'World Energy Investment 2024' report, global investment in electricity grids was projected to reach $400 billion in 2024, a surge driven largely by the imperative to modernize and digitalize power networks which supports the deployment of these smart busbar systems.

Segmental Insights

The copper segment is projected to emerge as the fastest-growing category in the Global Laminated Busbar Market, driven by its superior electrical conductivity and thermal performance. These material properties are essential for minimizing energy loss and managing heat in high-power distribution systems. Consequently, copper is the preferred choice for demanding applications in electric vehicles and renewable energy infrastructure where operational efficiency and compact design are critical. Although copper entails higher raw material costs than aluminum, its ability to handle high current densities reliably justifies the investment, ensuring its rapid adoption across industries requiring robust power management solutions.

Regional Insights

North America maintains a leading position in the Global Laminated Busbar Market driven by substantial investments in power infrastructure and renewable energy integration. The region experiences high demand for reliable power distribution components to support expanding data center operations and telecommunication networks. Additionally, strategic initiatives by the U.S. Department of Energy regarding grid modernization accelerate the adoption of efficient electrical solutions. The presence of established manufacturing facilities and a continuous shift toward energy-efficient industrial systems further solidifies the dominance of North America in this sector.

Recent Developments

In December 2024, Zhuzhou CRRC Times Electric Co., Ltd. announced a strategic acquisition to strengthen its position in the new energy commercial vehicle sector. The company agreed to acquire a 100% equity interest in Hunan CRRC Commercial Vehicle Power Technology Co., Ltd. for a consideration of approximately RMB 107 million. The target company specializes in the research, development, and manufacturing of electric drive systems and key components for commercial vehicles. This move was intended to integrate resources and enhance the company's capabilities in delivering comprehensive power solutions, including those utilizing advanced busbar technologies, for the electric drive market.
In September 2024, Amphenol Industrial Operations announced the expansion of its Amphe-PRB connector series to address the evolving requirements of the energy storage and industrial automation markets. The expanded series features a lightweight thermoplastic design that offers a balance of cost-effectiveness and high reliability for harsh environments. These connectors are designed to facilitate secure and efficient power distribution in systems that often utilize busbar architectures, such as alternative energy infrastructure. The product line aims to provide a robust connectivity solution that meets modern safety standards while carrying high currents.
In July 2024, Mersen announced that it would present its latest innovations in power distribution and management at the InnoTrans trade fair in Berlin later that year. The company highlighted the showcase of its high-temperature MHi-T laminated busbar, which is specifically developed to address the thermal challenges posed by wide bandgap semiconductors in traction converters. Additionally, the company introduced its Infini-Cell battery assembly solution, which integrates laminated busbars with battery cells to ensure robust, high-speed, and safe connections for e-mobility and energy storage applications.
In February 2024, Rogers Corporation announced plans to expand its global manufacturing footprint by signing a lease for a new facility in Monterrey, Mexico. This new factory, scheduled for completion in late 2024, was established to manufacture the company's ROLINX laminated busbars. The expansion was designed to enhance the company's ability to support customers in the North American market, particularly within the growing electric vehicle, hybrid electric vehicle, and renewable energy sectors. The facility aims to provide local prototyping and supply capabilities, thereby reducing lead times and improving service levels for regional clients.

Key Market Players

Schneider Electric SE
General Electric Company
ABB Ltd.
Sumitomo Electric Industries, Ltd.
Toshiba Corporation
KUKA AG
TE Connectivity Corporation
Vishay Intertechnology, Inc.
Mersen Group

By Insulation Material	By Conductor	By End User	By Region
Epoxy Powder Coating Polyester Film Polyvinyl Fluoride Film Polyester Resin Heat-Resistant Fiber Polyimide Film	Copper Aluminium	Alternative Energy Telecom Aerospace & Defense Transportation Power Electronics & Silicon Carbides Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Laminated Busbar Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Laminated Busbar Market , By Insulation Material:

Epoxy Powder Coating
Polyester Film
Polyvinyl Fluoride Film
Polyester Resin
Heat-Resistant Fiber
Polyimide Film

Laminated Busbar Market , By Conductor:

Copper
Aluminium

Laminated Busbar Market , By End User:

Alternative Energy
Telecom
Aerospace & Defense
Transportation
Power Electronics & Silicon Carbides
Others

Laminated Busbar Market , By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Laminated Busbar Market .

Available Customizations:

Global Laminated Busbar Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Laminated Busbar Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Laminated Busbar Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Insulation Material (Epoxy Powder Coating, Polyester Film, Polyvinyl Fluoride Film, Polyester Resin, Heat-Resistant Fiber, Polyimide Film)

5.2.2. By Conductor (Copper, Aluminium)

5.2.3. By End User (Alternative Energy, Telecom, Aerospace & Defense, Transportation, Power Electronics & Silicon Carbides, Others)

5.2.4. By Region

5.2.5. By Company (2025)

5.3. Market Map

6. North America Laminated Busbar Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Insulation Material

6.2.2. By Conductor

6.2.3. By End User

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States Laminated Busbar Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Insulation Material

6.3.1.2.2. By Conductor

6.3.1.2.3. By End User

6.3.2. Canada Laminated Busbar Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Insulation Material

6.3.2.2.2. By Conductor

6.3.2.2.3. By End User

6.3.3. Mexico Laminated Busbar Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Insulation Material

6.3.3.2.2. By Conductor

6.3.3.2.3. By End User

7. Europe Laminated Busbar Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Insulation Material

7.2.2. By Conductor

7.2.3. By End User

7.2.4. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Laminated Busbar Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Insulation Material

7.3.1.2.2. By Conductor

7.3.1.2.3. By End User

7.3.2. France Laminated Busbar Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Insulation Material

7.3.2.2.2. By Conductor

7.3.2.2.3. By End User

7.3.3. United Kingdom Laminated Busbar Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Insulation Material

7.3.3.2.2. By Conductor

7.3.3.2.3. By End User

7.3.4. Italy Laminated Busbar Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Insulation Material

7.3.4.2.2. By Conductor

7.3.4.2.3. By End User

7.3.5. Spain Laminated Busbar Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Insulation Material

7.3.5.2.2. By Conductor

7.3.5.2.3. By End User

8. Asia Pacific Laminated Busbar Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Insulation Material

8.2.2. By Conductor

8.2.3. By End User

8.2.4. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Laminated Busbar Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Insulation Material

8.3.1.2.2. By Conductor

8.3.1.2.3. By End User

8.3.2. India Laminated Busbar Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Insulation Material

8.3.2.2.2. By Conductor

8.3.2.2.3. By End User

8.3.3. Japan Laminated Busbar Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Insulation Material

8.3.3.2.2. By Conductor

8.3.3.2.3. By End User

8.3.4. South Korea Laminated Busbar Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Insulation Material

8.3.4.2.2. By Conductor

8.3.4.2.3. By End User

8.3.5. Australia Laminated Busbar Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Insulation Material

8.3.5.2.2. By Conductor

8.3.5.2.3. By End User

9. Middle East & Africa Laminated Busbar Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Insulation Material

9.2.2. By Conductor

9.2.3. By End User

9.2.4. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Laminated Busbar Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Insulation Material

9.3.1.2.2. By Conductor

9.3.1.2.3. By End User

9.3.2. UAE Laminated Busbar Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Insulation Material

9.3.2.2.2. By Conductor

9.3.2.2.3. By End User

9.3.3. South Africa Laminated Busbar Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Insulation Material

9.3.3.2.2. By Conductor

9.3.3.2.3. By End User

10. South America Laminated Busbar Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Insulation Material

10.2.2. By Conductor

10.2.3. By End User

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Laminated Busbar Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Insulation Material

10.3.1.2.2. By Conductor

10.3.1.2.3. By End User

10.3.2. Colombia Laminated Busbar Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Insulation Material

10.3.2.2.2. By Conductor

10.3.2.2.3. By End User

10.3.3. Argentina Laminated Busbar Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Insulation Material

10.3.3.2.2. By Conductor

10.3.3.2.3. By End User

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Laminated Busbar Market : SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Schneider Electric SE

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. General Electric Company

15.3. ABB Ltd.

15.4. Sumitomo Electric Industries, Ltd.

15.5. Toshiba Corporation

15.6. KUKA AG

15.7. TE Connectivity Corporation

15.8. Vishay Intertechnology, Inc.

15.9. Mersen Group

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global Laminated Busbar Market in 2025?

Which is the dominating region in the Global Laminated Busbar Market ?

Which is the fastest growing segment in the Global Laminated Busbar Market ?

What is the expected growth rate of the Global Laminated Busbar Market ?