Busbars for New Energy Vehicles Market Outlook 2025, Industry Demand, Emerging Applications, and Strategic Forecast to 2031

QY Research has recently published a research report titled, "Global Busbars for New Energy Vehicles Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". The report offers a complete compilation of first-hand and authentic information on the global Busbars for New Energy Vehicles market taking into consideration market dynamics, segmentation, current developments, market trends, and competitive analysis. It also includes the qualitative and quantitative assessment by the leading industry analysts. Additionally, growth factors, micro and macroeconomic indicators, and emerging market trends are being scrutinized in the report. Impact of various factors on the global Busbars for New Energy Vehicles market growth has also been mapped by the report.

The researchers have done a detailed assessment on the global Busbars for New Energy Vehicles market with the help of suitable assumptions as well as methodologies. They have offered thoughtful insights, historical data, facts, and statistics, which will prove helpful for the market participants to strategize and make effective decisions to stay ahead of the curve.

The global market for Busbars for New Energy Vehicles was estimated to be worth US$ 1350 million in 2024 and is forecast to a readjusted size of US$ 2846 million by 2031 with a CAGR of 10.9% during the forecast period 2025-2031.

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In recent years, the rapid development of the global new energy vehicle industry has directly driven the expansion of the busbar market. From a regional perspective, China holds a commanding lead in both consumption and production. In 2024, China's market size was expected to reach US$910 million, accounting for 67.45% of the global market. By 2031, this figure is projected to reach US$1.668 billion, representing a 58.64% share. While this market share has declined slightly, its overall size continues to expand rapidly. Meanwhile, Europe and North America, traditional automotive powerhouses, hold 19.13% and 7.39% of the consumer market, respectively. India, driven by the rapid development of its new energy vehicle industry, is projected to achieve a rapid CAGR of 24.12% between 2025 and 2031, making it the market with the greatest growth potential.

In terms of production, the new energy vehicle busbar industry has developed a manufacturing structure centered around China and Europe. In 2024, China's production share reached 70.73%, while Europe's was 17.59%, representing nearly 90% of global production capacity. China has long maintained its leading position in the new energy vehicle (NEV) industry chain, thanks to its mature processing and manufacturing capabilities, and low production costs. Europe, leveraging its technological expertise and demand from local automakers, has become another key production region. North America's growth is noteworthy, with its production share projected to reach 7.17% by 2031, demonstrating the American market's accelerated development of a localized supply chain. This pattern reflects both the gradient distribution of the NEV industry chain globally and the reliance of busbars, a core component for high-voltage connections, on industrial agglomeration.

From a product type perspective, copper busbars remain the dominant force in the market. Due to their excellent conductivity and stability, copper busbars will dominate the market in 2024 and are expected to maintain an 84.05% market share by 2031. However, aluminum busbars are rapidly penetrating the market due to their lightweight and cost advantages. Their future CAGR is as high as 20.49%, significantly exceeding that of copper busbars. This suggests that as NEVs pursue lightweighting and reduced system costs, the market share of aluminum busbars will gradually increase. In addition, from the application perspective, pure electric vehicles (BEV) are the largest application scenario for busbars, with a market share of 72.63% in 2024 and a future CAGR of approximately 10.78%, which is basically consistent with the overall market growth, fully demonstrating the high correlation between busbar demand and the increase in pure electric vehicle penetration.

Market players need to be equipped with the information regarding the current and future competitive scenario in order to keep a check on their competitors' activities as well as execute their business strategies. This report will surely suffice as the analysts have critically examined the competitive scenario and have offered reliable forecasts. With this information, companies can understand the current and future market scenario and plan their tactics to gain a competitive edge over others.

Key Players Mentioned in the Global Busbars for New Energy Vehicles Market Research Report:

Intercable Automotive Solutions (Aptiv)
Everwin Technology
BSB Technology Development
Victory Electric
Jiachao Technology
Suzhou Vekan Technology
Rogers Corporation
Methode Electronics
Auto-Kabel
Suzhou West Deane New Power Electric
Iwis e-tec
Ennovi (Interplex)
SHINSUNG ST
Mersen
RHI Electric
Connor Manufacturing Services
Suncall
Jenkent Electric Technology
Crefact

The research report provides analysis based on the global Busbars for New Energy Vehicles market segments including product types, end user, application, and geography. Each and every segment has been studied on the basis of factors such as market share, market size, CAGR, demand, and growth potential. Moreover, the market analysts have identified the leading regions having growth potential. This segmental study will assist the key players to stress on key growth areas of the global Busbars for New Energy Vehicles market and according plan their further strategies.

Segment by Type:

Copper Busbar
Aluminum Busbar

Segment by Application:

BEV
PHEV

Key regions including but not limited to North America, Asia Pacific, Europe, and the MEA are exhaustively analyzed based on market size, CAGR, market potential, economic and political factors, regulatory scenarios, and other significant parameters. The regional analysis provided in the Busbars for New Energy Vehicles report will help market participants to identify lucrative and untapped business opportunities in different regions and countries. It includes a special study on production and production rate, import and export, and consumption in each regional Busbars for New Energy Vehicles market considered for research. The report also offers detailed analysis of country-level Busbars for New Energy Vehicles markets.

Segment by Region

North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Important Questions Answered included in the Report:

(A) What is the market size and growth rate of the global and regional market by various segments?

(B) What is the market size and growth rate of the market for selective Countries?

(C) Which region or sub-segment is expected to drive the market in the forecast period?

(D) What factors are estimated to drive and restrain the market growth?

(E) What are the key technology and market trends shaping the market?

(F) what are the key opportunity in the market?

(G) Who are the leading manufacturers operating in the global Busbars for New Energy Vehicles market?

(H) Which key player accounted for the highest market share?

(I) What are the growth opportunities for the new entrants in the global Busbars for New Energy Vehicles market?

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Table Of Content

1 Market Overview
1.1 Busbars for New Energy Vehicles Product Introduction
1.2 Global Busbars for New Energy Vehicles Market Size Forecast
1.2.1 Global Busbars for New Energy Vehicles Sales Value (2020-2031)
1.2.2 Global Busbars for New Energy Vehicles Sales Volume (2020-2031)
1.2.3 Global Busbars for New Energy Vehicles Sales Price (2020-2031)
1.3 Busbars for New Energy Vehicles Market Trends & Drivers
1.3.1 Busbars for New Energy Vehicles Industry Trends
1.3.2 Busbars for New Energy Vehicles Market Drivers & Opportunity
1.3.3 Busbars for New Energy Vehicles Market Challenges
1.3.4 Busbars for New Energy Vehicles Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Busbars for New Energy Vehicles Players Revenue Ranking (2024)
2.2 Global Busbars for New Energy Vehicles Revenue by Company (2020-2025)
2.3 Global Busbars for New Energy Vehicles Players Sales Volume Ranking (2024)
2.4 Global Busbars for New Energy Vehicles Sales Volume by Company Players (2020-2025)
2.5 Global Busbars for New Energy Vehicles Average Price by Company (2020-2025)
2.6 Key Manufacturers Busbars for New Energy Vehicles Manufacturing Base and Headquarters
2.7 Key Manufacturers Busbars for New Energy Vehicles Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Busbars for New Energy Vehicles
2.9 Busbars for New Energy Vehicles Market Competitive Analysis
2.9.1 Busbars for New Energy Vehicles Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Busbars for New Energy Vehicles Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Busbars for New Energy Vehicles as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Copper Busbar
3.1.2 Aluminum Busbar
3.2 Global Busbars for New Energy Vehicles Sales Value by Type
3.2.1 Global Busbars for New Energy Vehicles Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Busbars for New Energy Vehicles Sales Value, by Type (2020-2031)
3.2.3 Global Busbars for New Energy Vehicles Sales Value, by Type (%) (2020-2031)
3.3 Global Busbars for New Energy Vehicles Sales Volume by Type
3.3.1 Global Busbars for New Energy Vehicles Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Busbars for New Energy Vehicles Sales Volume, by Type (2020-2031)
3.3.3 Global Busbars for New Energy Vehicles Sales Volume, by Type (%) (2020-2031)
3.4 Global Busbars for New Energy Vehicles Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 BEV
4.1.2 PHEV
4.2 Global Busbars for New Energy Vehicles Sales Value by Application
4.2.1 Global Busbars for New Energy Vehicles Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Busbars for New Energy Vehicles Sales Value, by Application (2020-2031)
4.2.3 Global Busbars for New Energy Vehicles Sales Value, by Application (%) (2020-2031)
4.3 Global Busbars for New Energy Vehicles Sales Volume by Application
4.3.1 Global Busbars for New Energy Vehicles Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Busbars for New Energy Vehicles Sales Volume, by Application (2020-2031)
4.3.3 Global Busbars for New Energy Vehicles Sales Volume, by Application (%) (2020-2031)
4.4 Global Busbars for New Energy Vehicles Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Busbars for New Energy Vehicles Sales Value by Region
5.1.1 Global Busbars for New Energy Vehicles Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Busbars for New Energy Vehicles Sales Value by Region (2020-2025)
5.1.3 Global Busbars for New Energy Vehicles Sales Value by Region (2026-2031)
5.1.4 Global Busbars for New Energy Vehicles Sales Value by Region (%), (2020-2031)
5.2 Global Busbars for New Energy Vehicles Sales Volume by Region
5.2.1 Global Busbars for New Energy Vehicles Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Busbars for New Energy Vehicles Sales Volume by Region (2020-2025)
5.2.3 Global Busbars for New Energy Vehicles Sales Volume by Region (2026-2031)
5.2.4 Global Busbars for New Energy Vehicles Sales Volume by Region (%), (2020-2031)
5.3 Global Busbars for New Energy Vehicles Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Busbars for New Energy Vehicles Sales Value, 2020-2031
5.4.2 North America Busbars for New Energy Vehicles Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Busbars for New Energy Vehicles Sales Value, 2020-2031
5.5.2 Europe Busbars for New Energy Vehicles Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Busbars for New Energy Vehicles Sales Value, 2020-2031
5.6.2 Asia Pacific Busbars for New Energy Vehicles Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Busbars for New Energy Vehicles Sales Value, 2020-2031
5.7.2 South America Busbars for New Energy Vehicles Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Busbars for New Energy Vehicles Sales Value, 2020-2031
5.8.2 Middle East & Africa Busbars for New Energy Vehicles Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Busbars for New Energy Vehicles Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Busbars for New Energy Vehicles Sales Value and Sales Volume
6.2.1 Key Countries/Regions Busbars for New Energy Vehicles Sales Value, 2020-2031
6.2.2 Key Countries/Regions Busbars for New Energy Vehicles Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Busbars for New Energy Vehicles Sales Value, 2020-2031
6.3.2 United States Busbars for New Energy Vehicles Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Busbars for New Energy Vehicles Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Busbars for New Energy Vehicles Sales Value, 2020-2031
6.4.2 Europe Busbars for New Energy Vehicles Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Busbars for New Energy Vehicles Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Busbars for New Energy Vehicles Sales Value, 2020-2031
6.5.2 China Busbars for New Energy Vehicles Sales Value by Type (%), 2024 VS 2031
6.5.3 China Busbars for New Energy Vehicles Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Busbars for New Energy Vehicles Sales Value, 2020-2031
6.6.2 Japan Busbars for New Energy Vehicles Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Busbars for New Energy Vehicles Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Busbars for New Energy Vehicles Sales Value, 2020-2031
6.7.2 South Korea Busbars for New Energy Vehicles Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Busbars for New Energy Vehicles Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Busbars for New Energy Vehicles Sales Value, 2020-2031
6.8.2 Southeast Asia Busbars for New Energy Vehicles Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Busbars for New Energy Vehicles Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Busbars for New Energy Vehicles Sales Value, 2020-2031
6.9.2 India Busbars for New Energy Vehicles Sales Value by Type (%), 2024 VS 2031
6.9.3 India Busbars for New Energy Vehicles Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Intercable Automotive Solutions (Aptiv)
7.1.1 Intercable Automotive Solutions (Aptiv) Company Information
7.1.2 Intercable Automotive Solutions (Aptiv) Introduction and Business Overview
7.1.3 Intercable Automotive Solutions (Aptiv) Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Intercable Automotive Solutions (Aptiv) Busbars for New Energy Vehicles Product Offerings
7.1.5 Intercable Automotive Solutions (Aptiv) Recent Development
7.2 Everwin Technology
7.2.1 Everwin Technology Company Information
7.2.2 Everwin Technology Introduction and Business Overview
7.2.3 Everwin Technology Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Everwin Technology Busbars for New Energy Vehicles Product Offerings
7.2.5 Everwin Technology Recent Development
7.3 BSB Technology Development
7.3.1 BSB Technology Development Company Information
7.3.2 BSB Technology Development Introduction and Business Overview
7.3.3 BSB Technology Development Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 BSB Technology Development Busbars for New Energy Vehicles Product Offerings
7.3.5 BSB Technology Development Recent Development
7.4 Victory Electric
7.4.1 Victory Electric Company Information
7.4.2 Victory Electric Introduction and Business Overview
7.4.3 Victory Electric Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Victory Electric Busbars for New Energy Vehicles Product Offerings
7.4.5 Victory Electric Recent Development
7.5 Jiachao Technology
7.5.1 Jiachao Technology Company Information
7.5.2 Jiachao Technology Introduction and Business Overview
7.5.3 Jiachao Technology Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Jiachao Technology Busbars for New Energy Vehicles Product Offerings
7.5.5 Jiachao Technology Recent Development
7.6 Suzhou Vekan Technology
7.6.1 Suzhou Vekan Technology Company Information
7.6.2 Suzhou Vekan Technology Introduction and Business Overview
7.6.3 Suzhou Vekan Technology Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Suzhou Vekan Technology Busbars for New Energy Vehicles Product Offerings
7.6.5 Suzhou Vekan Technology Recent Development
7.7 Rogers Corporation
7.7.1 Rogers Corporation Company Information
7.7.2 Rogers Corporation Introduction and Business Overview
7.7.3 Rogers Corporation Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Rogers Corporation Busbars for New Energy Vehicles Product Offerings
7.7.5 Rogers Corporation Recent Development
7.8 Methode Electronics
7.8.1 Methode Electronics Company Information
7.8.2 Methode Electronics Introduction and Business Overview
7.8.3 Methode Electronics Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Methode Electronics Busbars for New Energy Vehicles Product Offerings
7.8.5 Methode Electronics Recent Development
7.9 Auto-Kabel
7.9.1 Auto-Kabel Company Information
7.9.2 Auto-Kabel Introduction and Business Overview
7.9.3 Auto-Kabel Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Auto-Kabel Busbars for New Energy Vehicles Product Offerings
7.9.5 Auto-Kabel Recent Development
7.10 Suzhou West Deane New Power Electric
7.10.1 Suzhou West Deane New Power Electric Company Information
7.10.2 Suzhou West Deane New Power Electric Introduction and Business Overview
7.10.3 Suzhou West Deane New Power Electric Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Suzhou West Deane New Power Electric Busbars for New Energy Vehicles Product Offerings
7.10.5 Suzhou West Deane New Power Electric Recent Development
7.11 Iwis e-tec
7.11.1 Iwis e-tec Company Information
7.11.2 Iwis e-tec Introduction and Business Overview
7.11.3 Iwis e-tec Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Iwis e-tec Busbars for New Energy Vehicles Product Offerings
7.11.5 Iwis e-tec Recent Development
7.12 Ennovi (Interplex)
7.12.1 Ennovi (Interplex) Company Information
7.12.2 Ennovi (Interplex) Introduction and Business Overview
7.12.3 Ennovi (Interplex) Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Ennovi (Interplex) Busbars for New Energy Vehicles Product Offerings
7.12.5 Ennovi (Interplex) Recent Development
7.13 SHINSUNG ST
7.13.1 SHINSUNG ST Company Information
7.13.2 SHINSUNG ST Introduction and Business Overview
7.13.3 SHINSUNG ST Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 SHINSUNG ST Busbars for New Energy Vehicles Product Offerings
7.13.5 SHINSUNG ST Recent Development
7.14 Mersen
7.14.1 Mersen Company Information
7.14.2 Mersen Introduction and Business Overview
7.14.3 Mersen Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Mersen Busbars for New Energy Vehicles Product Offerings
7.14.5 Mersen Recent Development
7.15 RHI Electric
7.15.1 RHI Electric Company Information
7.15.2 RHI Electric Introduction and Business Overview
7.15.3 RHI Electric Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 RHI Electric Busbars for New Energy Vehicles Product Offerings
7.15.5 RHI Electric Recent Development
7.16 Connor Manufacturing Services
7.16.1 Connor Manufacturing Services Company Information
7.16.2 Connor Manufacturing Services Introduction and Business Overview
7.16.3 Connor Manufacturing Services Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Connor Manufacturing Services Busbars for New Energy Vehicles Product Offerings
7.16.5 Connor Manufacturing Services Recent Development
7.17 Suncall
7.17.1 Suncall Company Information
7.17.2 Suncall Introduction and Business Overview
7.17.3 Suncall Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Suncall Busbars for New Energy Vehicles Product Offerings
7.17.5 Suncall Recent Development
7.18 Jenkent Electric Technology
7.18.1 Jenkent Electric Technology Company Information
7.18.2 Jenkent Electric Technology Introduction and Business Overview
7.18.3 Jenkent Electric Technology Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Jenkent Electric Technology Busbars for New Energy Vehicles Product Offerings
7.18.5 Jenkent Electric Technology Recent Development
7.19 Crefact
7.19.1 Crefact Company Information
7.19.2 Crefact Introduction and Business Overview
7.19.3 Crefact Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Crefact Busbars for New Energy Vehicles Product Offerings
7.19.5 Crefact Recent Development
8 Industry Chain Analysis
8.1 Busbars for New Energy Vehicles Industrial Chain
8.2 Busbars for New Energy Vehicles Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Busbars for New Energy Vehicles Sales Model
8.5.2 Sales Channel
8.5.3 Busbars for New Energy Vehicles Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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