Electric Vehicle Laminated Busbar Market Size, Trends & Forecasts | Valuates Reports

Electric Vehicle Laminated Busbar Market Size

The global market for Electric Vehicle Laminated Busbar was valued at US$ 1096 million in the year 2024 and is projected to reach a revised size of US$ 1692 million by 2031, growing at a CAGR of 6.5% during the forecast period.

In electric vehicles (EVs), a laminated busbar plays a crucial role in the power distribution system. It essentially acts as a highway for high-voltage current, connecting the battery pack to various electric components like the motor, inverter, and auxiliary systems.

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Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.

By Type
• Copper Conductor
• Aluminum Conductor

By Application
• BEV
• PHEV

Key Companies
Mersen, Molex, Storm Power Components, Rogers, Amphenol, RHI-Busbar, Connor Manufacturing, BRAR Group, Zhejiang RHI Electric, Wenlida Technology, Bevone, Suzhou West Deane New Power Electric, Prostech, Methode Power Solutions Group

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This release was published on openPR.