The laminated busbar market is projected to grow at a CAGR of 6.6% from 2020 to 2025, to reach a market size of USD 1,183 million by 2025 from USD 861 million in 2020.

MarketsandMarkets forecasts the global Laminated bus bar market to grow from USD 743.2 million in 2016 to USD 1,004.5 million by 2022.

The laminated busbar market was valued at USD 723.6 Million in 2016 and expected to grow at a CAGR of 6.21%, from 2017 to 2022, to reach a projected USD 1,004.5 Million by 2022.

The market is set to grow due to the increasing demand for electric vehicles and hybrid electric vehicles to reduce pollution in tier 1 and tier 2 cities around the world and the increased share of renewable energies in the primary energy mix globally.

The global laminated busbar market is projected to grow at a CAGR of 5.72% from 2016 to 2021, to reach a market size of USD 955.6 Million by 2021. This growth is attributed to the rise of renewable energy sources in power generation mix and increase in aw