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Aluminum Busbar for Electric Vehicle Market Size, Trends & Forecasts | Valuates Reports
Aluminum Busbar for Electric Vehicle Market SizeThe global market for Aluminum Busbar for Electric Vehicle was valued at US$ 544 million in the year 2024 and is projected to reach a revised size of US$ 1799 million by 2031, growing at a CAGR of 18.9% during the forecast period.
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Aluminum busbars are attractive for the battery cell connection because they provide reliable electrical performance while helping to save total battery pack weight since aluminum busbars are typically 50% lighter than copper busbars. For equivalent electrical/thermal performance, however, the cross-section of an aluminum busbar will be greater than that of a copper busbar with, for example, a 1-mm copper conductor replacing a 2-mm aluminum conductor. Copper busbars offer excellent solutions where space is tight, while aluminum busbars enable efficient energy distribution with weight savings compared to copper. Aluminum is also less costly than copper.
By Type
• Nickel Plating
• Silver Plating
• Tin Plating
By Application
• BEV
• PHEV
Key Companies
Intercable Automotive Solutions (Aptiv), Everwin Technology, BSB Technology Development, Methode Electronics, Rogers Corporation, Auto-Kabel, Suncall, Iwis e-tec, Mersen, RHI ELectric
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