세계의 라미네이트 부스바 시장 : 재료별, 최종 사용자별, 절연 재료별, 지역별 예측(-2030년)
Laminated Busbar Market by Material End-User Insulation Material Region - Global Forecast to 2030
상품코드:1409033
리서치사:MarketsandMarkets
발행일:2024년 01월
페이지 정보:영문 184 Pages
라이선스 & 가격 (부가세 별도)
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한글목차
조사 범위
조사 대상년도
2018년-2030년
기준년도
2022년
예측 기간
2023년-2030년
대상 단위
금액(백만 달러) 및 수량(킬로톤)
부문별
재료별, 최종사용자별, 절연재료별
대상 지역
아시아태평양, 북미, 유럽, 중동/아프리카, 남미
세계 라미네이트 부스바 시장 규모는 2023년 8억 6,300만 달러에서 2023년부터 2030년까지 6.0%의 연평균 복합 성장률(CAGR)을 나타내고, 2030년에는 12억 9,600만 달러에 달할 것으로 예상됩니다.
배전 시스템의 주요 목적 중 하나는 소비자에게 고품질의 중단 없는 에너지를 공급하는 것입니다. 에너지 수요 증가는 전 세계적으로 안정적이고 신뢰할 수 있는 송배전 네트워크의 필요성을 강조하고 있습니다. 전 세계 대부분의 배전 시스템이 노후화됨에 따라 미국, 영국을 비롯한 여러 국가들은 안정적인 공급망을 구축하기 위해 송배전 인프라의 현대화에 투자하고 있습니다. 미국 에너지부(DOE)에 따르면, 안전하고 신뢰할 수 있는 배전 시스템을 구축하기 위해서는 2017년부터 2030년까지 1조 5,000억 달러에서 2조 달러의 투자가 필요합니다. 미국 배전 시스템의 안전을 보장하기 위해 전력 업계는 자체 표준을 제정하고 다양한 배전 시스템의 연계를 보장하고 있습니다. 현재 전력 시스템 운영과 중요한 전기 인프라의 보안 문제를 해결하기 위해 강제적인 신뢰도 표준이 제정되어 있습니다. 예를 들어, 북미에서는 북미전기신뢰성공사와 그 회원사들이 이러한 표준을 제정하고 시행하고 있으며, 미국에서는 연방에너지규제위원회, 캐나다에서는 캐나다 규제 당국의 승인을 받고 있습니다.
라미네이트 버스바는 높은 내열성과 화재 위험이 높은 환경에서의 적용성을 제공함으로써 배전 시스템을 보호하는 데 중요한 역할을 합니다. 배선 오류를 없애고 과도하게 사용한 장비가 고장날 위험에 처했을 때 전기 시스템을 보호하여 잠재적으로 위험한 폭발을 방지하고 장비 고장률을 최소화하는 데 기여합니다. 그 결과 생산성이 향상되고 배전 시스템이 최적화됩니다.
2022년 에폭시 분말 코팅 부문은 절연 재료별 라미네이트 부스바 시장에서 37.8%의 점유율을 차지했습니다. 이 부문은 예측 기간 동안 절연 재료별 라미네이트 부스바 시장에서 가장 큰 지위를 유지할 것으로 예상됩니다. 에폭시 분말 페인트는 자유 유동성 및 열경화성 건조 분말 구성이 특징이며, 높은 절연 강도를 자랑합니다. 뛰어난 접착력, 내화학성, 내열성, 우수한 기계적 특성 및 전기 절연 능력으로 알려진 에폭시 분말 코팅은 다른 절연 재료에 비해 비용 효율적인 선택으로 눈에 띕니다. 에폭시 분말 코팅 라미네이트 부스바는 주로 스위치 기어 및 모터 드라이브 용도에 사용됩니다. 에폭시 분말 코팅 라미네이트 부스바는 주로 스위치 기어 및 모터 드라이브 응용 분야에서 주로 사용되며, 이러한 유리한 특성으로 인해 최종 사용 산업에서 에폭시 분말 코팅 라미네이트 부스바에 대한 선호도가 높아져 예측 기간 동안 수요가 증가할 것으로 예상됩니다.
2022년 알루미늄 라미네이트 버스바 부문은 재료별로 라미네이트 버스바 시장에서 17.8%의 점유율을 차지했습니다. 알루미늄 라미네이트 버스바는 구리 라미네이트 버스바에 비해 비용 효율적이며, 특히 아시아태평양 및 중동 및 아프리카와 같은 가격에 민감한 시장에서 유리하기 때문에 시장 점유율에 기여하고 있습니다. 알루미늄을 도체로 사용하면 구리에 비해 질량 당 전도도가 두 배로 증가하여 30% 이상의 비용 절감 효과를 얻을 수 있습니다. 밀도가 낮은 알루미늄 라미네이트 버스바는 구리 버스바보다 가볍기 때문에 도체의 무게가 중요한 용도에 적합합니다. 알루미늄 도체는 전통적으로 전도도가 낮고 산화의 위험이 있었지만, 주석 도금과 같은 재료 기술의 발전으로 많은 한계가 해결되어 성능이 향상되었습니다. 알루미늄 도체의 급속한 채택은 가정 및 데이터센터와 같은 응용 분야의 배전반 및 버스 웨이 시스템에서 두드러지며 예측 기간 동안 알루미늄 적층 버스 바 수요가 급증할 것으로 예상됩니다.
이 보고서는 세계의 라미네이트 버스바 시장을 조사했으며, 재료별/최종 사용자별/절연 재료별/지역별 동향, 시장 진출기업 프로파일 등을 정리한 보고서입니다.
Asia Pacific, North America, Europe, Middle East and Africa, and South America
The global market for laminated busbar is expected to reach USD 1,296 million by 2030, a notable increase from the estimated USD 863 million in 2023, with a steady CAGR of 6.0% spanning the period from 2023 to 2030. One of the primary objectives of any electrical distribution system is to deliver high-quality and uninterrupted energy to consumers. The escalating demand for energy emphasizes the necessity for a stable and reliable transmission & distribution network globally. Given that many electrical distribution systems worldwide are aging, several countries, including the US and the UK, are investing in the modernization of their transmission & distribution infrastructure to establish a dependable supply network. As per the US Department of Energy (DOE), achieving a safe and secure electrical distribution system requires an investment ranging from USD 1.5 to 2 trillion between 2017 and 2030. To ensure the safety of distribution systems in the US, the electric power industry has developed voluntary standards, ensuring the coordination of various electrical distribution systems. Presently, mandatory reliability standards are in place for operating power systems and addressing security concerns at critical electrical infrastructure. For example, in North America, the North American Electric Reliability Corporation and its member organizations have formulated and enforced these standards, which receive approval from the Federal Energy Regulatory Commission in the US and Canadian regulators in Canada.
Laminated busbars play a crucial role in safeguarding electricity distribution systems by offering high heat resistance and applicability in high fire-risk environments. They contribute to minimizing equipment failure rates by eliminating wiring errors and protecting the electrical system when overused equipment is at the brink of failure, averting potential dangerous explosions. This, in turn, enhances productivity and optimizes power distribution systems.
"Epoxy powder coating segment, by insulation material, to be the largest market from 2023 to 2030."
In 2022, the epoxy powder coating segment constituted a 37.8% share of the laminated busbar market in terms of insulation material. This segment is anticipated to retain its position as the largest in the laminated busbar market by insulation material throughout the forecast period. Epoxy powder coating, characterized by its free-flowing nature and thermosetting dry powder composition, boasts high dielectric strength. Renowned for exceptional adhesion, chemical and heat resistance, superior mechanical properties, and electrical insulating capabilities, epoxy powder coating stands out as a cost-effective option compared to other insulation materials. Laminated busbars coated with epoxy powder find predominant usage in switchgear and motor drive applications. These favorable properties contribute to the growing preference for epoxy powder-coated laminated busbars among end-use industries, indicating an expected increase in demand during the forecast period.
"Aluminium segment, by material, to be the second-largest market from 2023 to 2030."
In 2022, the aluminum-laminated busbar segment held a 17.8% share of the laminated busbar market in terms of material. The cost-effectiveness of aluminum-laminated busbars compared to copper-laminated ones, especially beneficial in price-sensitive markets like Asia Pacific and the Middle East & Africa, contributes to their market share. Utilizing aluminum as a conductor offers a doubled conductivity per mass compared to copper, resulting in more than a 30% cost savings. With a lower density, aluminum-laminated busbars are lighter than their copper counterparts, making them suitable for applications where conductor weight is critical. Although aluminum conductors traditionally exhibit lower conductivity and a risk of oxidation, advancements in materials technology, such as tin plating, have addressed many limitations and improved performance. The rapid adoption of aluminum conductors is notable in distribution panels and busway systems for applications like households and data centers, indicating an expected surge in demand for aluminum-laminated busbars during the forecast period.
"North America to be third-largest region in laminated busbar market."
In 2022, North America held an 18.2% share of the global laminated busbar market, encompassing the US, Mexico, and Canada. The demand for laminated busbars in the region is driven by the imperative to upgrade aging electrical infrastructure in both the US and Canada. According to the Grid Modernization and the Smart Grid publication by the US Department of Energy, North America's transmission & distribution infrastructure is antiquated and in need of modernization. In response, utility companies and various stakeholders are investing in replacing outdated electrical equipment and upgrading transmission & distribution networks with advanced technologies. Over the next two decades, utility companies in the US and Canada are projected to invest approximately USD 880 billion and USD 100 billion, respectively, in power networks, spanning transmission & distribution networks. These investments encompass initiatives such as smart grids, asset monitoring, and smart grid analytics, with the adoption of smart technologies expected to further drive the laminated busbar market.
The 'Global Landscape of Renewable Energy Finance 2023' report by the International Renewable Energy Agency highlights North America as the recipient of the second-highest influx of investments in renewable energy. In 2019, the region attracted USD 68 billion, constituting 21% of the global total, and in 2020, it drew USD 53 billion, equivalent to 15% of the global total, with a focus on the US. However, the region's share of funding has gradually diminished due to a decline in domestic investments within the US. Preliminary data suggests that investments in the region rose to nearly USD 66 billion in 2021 but then decreased to USD 59 billion in 2022. These trends are anticipated to drive the laminated busbar market in North America.
Breakdown of Primaries:
Thorough interviews were conducted with key industry participants, subject-matter experts, C-level executives from prominent market players, and industry consultants, among other experts. These interviews aimed to acquire and authenticate essential qualitative and quantitative information, providing insights into future market prospects. The primary interviews were structured as follows:
By Company Type: Tier 1-55%, Tier 2-30%, and Tier 3-15%
By Designation: C-Level-30%, D-Level-20%, and Others-50%
By Region: Asia Pacific-60%, North America-18%, Europe-8%, Middle East & Africa-10%, and South America-4%
Note: "Others" include sales managers, engineers, and regional managers
The tiers of the companies are defined based on their total revenue as of 2021: Tier 1: >USD 1 billion, Tier 2: USD 500 million-1 billion, and Tier 3: <USD 500 million.
Prominent players in the laminated busbar market include Amphenol Corporation (US), Methode Electronics, Inc. (US), Mersen Group (France), Rogers Corporation (US), Sun.King Technology Group Limited (China), Zhuzhou CRRC Times Electric Co., Ltd. (China), and others.
Research Coverage:
The report presents a comprehensive overview, description, and forecast of the laminated busbar market, considering various parameters such as Material (Copper, Aluminium), Insulation Material (Epoxy Powder Coating, Polyester Film, PVF Films, Polyester Resin, Heat-Resistant Fiber, Polymide Film), End User (Utilities, Industrial, Commercial, Residential), and Region (Asia Pacific, North America, Europe, Middle East and Africa, South America). It further provides an in-depth qualitative and quantitative analysis of the laminated busbar market, encompassing a thorough examination of key market drivers, limitations, opportunities, and challenges. The report also addresses crucial aspects of the market, including an evaluation of the competitive landscape, an analysis of market dynamics, value-based market projections, and insights into future trends within the laminated busbar market.
Key Benefits of Buying the Report
The report is meticulously crafted to cater to both established industry leaders and newcomers entering the laminated busbar market. It delivers reliable revenue forecasts for the entire market and its individual sub-segments, offering stakeholders a valuable resource to comprehensively understand the competitive landscape and devise effective market strategies. Additionally, the report acts as a conduit for stakeholders to gauge the current market scenario, providing crucial insights into market drivers, limitations, challenges, and growth opportunities. By assimilating these insights, stakeholders can make informed decisions and remain abreast of the continually evolving dynamics within the laminated busbar industry.
Analysis of key drivers: (Demand for safe and secure electrical distribution systems, Cost-efficiency and operational benefits of laminated busbars, Increasing focus on renewable energy, Growing adoption of electric vehicles), restraints (Growing competition from unorganized sector, High initial cost of laminated busbars), opportunities (Aging electrical infrastructure and rising electrical demand, Adoption of the High-Voltage Direct Current (HVDC) technology, Advancements in insulation materials), and challenges (Volatility of raw material prices, especially copper, Environmental concerns) influencing the growth of the laminated busbar market.
Acquisitions and Expansion: The laminated busbar market is continually evolving, with a predominant emphasis on acquisition and expansion. Key industry players, including Amphenol Corporation, Methode Electronics, Inc., Mersen Group, Rogers Corporation, Sun. King Technology Group Limited, and Zhuzhou CRRC Times Electric Co., Ltd., are actively spearheading advancements in their product offerings to meet changing demands and environmental considerations.
Market Development: The laminated busbar market is experiencing exceptional growth and development driven by several factors. The need to upgrade and modernize aging electrical infrastructure, especially in developed regions, fuels the demand for laminated busbars. The growing demand for electricity in various sectors, including industrial, commercial, and residential, drives the need for efficient and reliable power distribution systems, where laminated busbars play a crucial role. The rise in renewable energy projects, such as solar and wind power, requires effective power distribution systems, and laminated busbars provide a solution for efficient energy transfer and distribution. As industries and utilities prioritize energy efficiency, laminated busbars are adopted for their ability to enhance energy distribution efficiency and reduce energy losses. The increasing popularity of electric vehicles necessitates robust power distribution systems, and laminated busbars are integral components in electrical vehicle charging infrastructure. Supportive government policies, incentives, and regulations promoting the use of efficient electrical distribution systems contribute to the growth of the laminated busbar market. Ongoing advancements in materials and manufacturing technologies enhance the performance, reliability, and safety of laminated busbars, driving their adoption in various applications. Laminated busbars offer enhanced safety features and reliability compared to traditional alternatives, making them preferred in critical applications where operational safety is paramount. Increased investments in infrastructure projects, such as smart grids and power distribution networks, contribute to the demand for laminated busbars.
Competitive Assessment: A thorough examination has been undertaken to analyze the market footprint, expansion strategies, and service portfolios of major players in the laminated busbar market. These notable companies comprise Amphenol Corporation (US), Methode Electronics, Inc. (US), Mersen Group (France), Rogers Corporation (US), Sun.King Technology Group Limited (China), Zhuzhou CRRC Times Electric Co., Ltd. (China), and others. This assessment yields comprehensive insights into the competitive standings of these key players, their methodologies for stimulating market growth, and the spectrum of services they provide within the laminated busbar segment.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.3.1 LAMINATED BUSBAR MARKET, BY MATERIAL
1.3.2 LAMINATED BUSBAR MARKET, BY END USER
1.4 MARKET SCOPE
1.4.1 MARKET SEGMENTATION
1.4.2 REGIONAL SCOPE
1.5 YEARS CONSIDERED
1.6 CURRENCY CONSIDERED
1.7 UNITS CONSIDERED
1.8 LIMITATIONS
1.9 STAKEHOLDERS
1.10 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 LAMINATED BUSBAR MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION METHODOLOGY
2.2.1 SECONDARY DATA
2.2.1.1 List of major secondary sources
2.2.1.2 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Breakdown of primary interviews
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
FIGURE 4 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR LAMINATED BUSBAR
11.1.9 SHENZHEN BUSBAR SCI-TECH DEVELOPMENT CO., LTD.
TABLE 194 SHENZHEN BUSBAR SCI-TECH DEVELOPMENT CO., LTD.: COMPANY OVERVIEW
TABLE 195 SHENZHEN BUSBAR SCI-TECH DEVELOPMENT CO., LTD.: PRODUCTS OFFERED
11.1.10 STORM POWER COMPONENTS
TABLE 196 STORM POWER COMPONENTS: COMPANY OVERVIEW
TABLE 197 STORM POWER COMPONENTS: PRODUCTS OFFERED
11.1.11 SUZHOU WEST DEANE MACHINERY INC.
TABLE 198 SUZHOU WEST DEANE MACHINERY INC.: COMPANY OVERVIEW
TABLE 199 SUZHOU WEST DEANE MACHINERY INC.: PRODUCTS OFFERED
11.1.12 ELECTRONIC SYSTEMS PACKAGING LLC
TABLE 200 ELECTRONIC SYSTEMS PACKAGING LLC: COMPANY OVERVIEW
TABLE 201 ELECTRONIC SYSTEMS PACKAGING LLC: PRODUCTS OFFERED
11.1.13 JANS COPPER PRIVATE LIMITED
TABLE 202 JANS COPPER: COMPANY OVERVIEW
TABLE 203 JANS COPPER PRIVATE LIMITED: PRODUCTS OFFERED
11.1.14 MOLEX
TABLE 204 MOLEX: COMPANY OVERVIEW
TABLE 205 MOLEX: PRODUCTS OFFERED
11.1.15 SHENZHEN WOER ELECTRIC TECHNOLOGY CO., LTD.
TABLE 206 SHENZEN WOER ELECTRIC TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
TABLE 207 SHENZEN WOER ELECTRIC TECHNOLOGY CO., LTD.: PRODUCTS OFFERED
11.2 OTHER PLAYERS
11.2.1 RAYCHEM RPG PRIVATE LIMITED
11.2.2 ZHEJIANG RHI ELECTRIC CO., LTD.
11.2.3 SEGUE ELECTRONICS, INC.
11.2.4 KINTO GROUP
11.2.5 EMS INDUSTRIAL & SERVICE COMPANY
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
