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The laminated busbar market size is forecast to increase by USD 280.4 million at a CAGR of 5.4% between 2023 and 2028. The market is experiencing significant growth due to the increasing application of laminated busbars in electric vehicles (EVs) and the rise in the adoption of renewable energy sources. The use of laminated busbars in EVs is on the rise due to their high power density, improved efficiency, and reduced weight, making them an ideal solution for powering the electric motors in EVs. Additionally, the fluctuation in copper prices has led to the increased adoption of laminated busbars as an alternative to traditional copper busbars, which are more expensive and heavier. Furthermore, the rise in the adoption of renewable energy sources, such as solar and wind power, is driving the demand for laminated busbars due to their ability to handle high currents and voltages efficiently. Overall, these trends are expected to continue, and the laminated busbar market is poised for steady growth in the coming years. The market report forecast market size, historical data spanning from 2018 - 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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