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Asia Pacific High Power Electric Vehicle Busbar Market Trends

Report ID: GMI10666
Published Date: Aug 2024
Report Format: PDF

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Asia Pacific High Power Electric Vehicle Busbar Market Trends

Asia Pacific market for high-power electric vehicle busbar is experiencing a surge in demand for high-power charging solutions driven by the growing embrace of electric vehicles. This transition has spurred the evolution of advanced busbars designed to handle heavier current loads. In addition, notable shift towards lightweight materials, preferably aluminum for busbar construction is being adopted to enhance vehicle range and performance. Government initiatives are further bolstering market demand. Moreover, rising trend of integrating smart technologies facilitating real-time monitoring and energy flow control in EV power systems is further propelling the market growth.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Asia Pacific market for high power electric vehicle busbar was worth about USD 213.2 million in 2023 and will exhibit a 20.1% CAGR from 2024 to 2032, attributed to the increasing government support for green transportation, and the expansion of EV infrastructure.

The copper segment will garner 19.3% CAGR through 2032, owing to its superior electrical conductivity, thermal performance, and durability.

China high power electric vehicle busbar industry will surpass USD 1.14 billion by 2032, fueled by a thriving EV industry, bolstered by supportive government policies and significant investments in EV charging stations.

Prominent players operating in Asia Pacific high power electric vehicle busbar market are Amphenol Corporation, Brar Elettromeccanica SpA, EG Electronics, EMS Group, EAE Group, Infineon Technologies AG, Legrand, Littelfuse, Inc., Mitsubishi Electric Corporation, Mersen SA, Rogers Corporation, Siemens, Schneider Electric, TE Connectivity, and Weidmüller Interface GmbH & Co. KG, among others.