Global Laminated Busbar Market Size & Outlook, 2023-2030
The laminated busbar industry worldwide is expected to reach a projected revenue of US$ 1,254.9 million by 2030. A compound annual growth rate of 6.2% is expected of the worldwide laminated busbar industry from 2024 to 2030.
Revenue, 2023 (US$M)
$821.5
Forecast, 2030 (US$M)
$1,254.9
CAGR, 2024 - 2030
6.2%
Report Coverage
Worldwide
Global laminated busbar market, 2018-2030 (US$M)
Global laminated busbar market highlights
- The global laminated busbar market generated a revenue of USD 821.5 million in 2023 and is expected to reach USD 1,254.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.2% by 2030.
- In terms of segment, copper accounted for a revenue of USD 821.5 million in 2023.
- Copper is the most lucrative material segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 821.5 million |
| Market revenue in 2030 | USD 1,254.9 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Copper |
| Fastest growing segment | Copper |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Copper |
Other key industry trends
- In terms of revenue, the North America accounted for 29.0% of the global laminated busbar market in 2023.
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Laminated Busbar Market Scope
Laminated busbar market segmentation & scope
End Use
Utilities
Industrial
Commercial
Residential
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Laminated Busbar Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global laminated busbar market size, by regions, 2018-2030 (US$M)
Related regional statistics
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