Dublin, March 20, 2024 (GLOBE NEWSWIRE) — The “Global Laminated Busbar Market by Material (Copper, Aluminum) End-User (Utilities, Industrial, Commercial, Residential) Insulation Material (Epoxy Powder Coating, Polyester Film, PVF Film, Polyester Resin, Heat-Resistant Fiber) Region – Forecast to 2030” report has been added to ResearchAndMarkets.com’sThe aluminum segment, by material, is expected to witness noteworthy demand due to cost efficiency, lighter weight, and enhanced conductivity after technological improvements such as tin plating. Demand in regions sensitive to material costs, particularly in the Asia Pacific and Middle East & Africa, underscores the expansion of the aluminum-laminated busbar market.North America’s share of the global laminated busbar market, including the US, Mexico, and Canada, underpins the region’s robust investments in the modernization of its electrical infrastructure. The ongoing projects in smart grid deployment, asset monitoring, and analytics are projected to bolster the region’s market growth in the laminated busbar space. The research publication provides an exhaustive analysis of key drivers influencing the market, such as the trend towards renewable energy, the increasing adoption of electric vehicles, and the upgrade of electrical infrastructure.An extensive competitive analysis included in the report reveals the strategies and product offerings of leading market players. The findings from primary interviews with industry experts and C-level executives illuminate the current market scenario and future growth opportunities.ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
(GlobeNewsWire)