Automotive Busbar

Automotive Busbar

Automotive bushbars are an important electrical components used in automobiles, particularly in the vehicle's electrical and electronic systems. They are used for conducting and distributing electrical power within the vehicle's electrical system. Some common applications of include busbars being used to connect the vehicle's battery to the rest of the electrical system, including the starter motor and other electrical components.

The Automotive Bushbar market is expected to grow at a strong CAGR of around 22% during the forecast period owing to the increasing use of electricals and electronics components in the modern day vehicles. Furthermore, the rising demand and productions of electric vehicles and its components is driving up the demand for the automotive bushbars which can also be seen from the recent developments and launches that are being done by the key players of automotive bushbar space. For instance, in January 2023, Mersen a bushbar manufacturer, is selected to Provide Smart Laminated Busbars for Batteries for ACC. These busbars are an integral component that connects Li-ion cells simultaneously communicating with the Battery Management System. Mersen will manufacture the busbars at their plant in Auvergne-Rhône-Alpes and deliver them to the ACCs gigafactory in Billy-Berclau Douvrin.

• Based on power rating, the market is bifurcated into low and high. The low power automotive bushbars are anticipated to witness significant CAGR during the forecast period owing to the fact that increasing vehicle electrification where huge amount of electric and electronics parts are getting installed in the vehicles of todays time with advanced and smart features, where low power bushbars are made from lightweight materials and designed to occupy minimal space helping in reducing vehicle weight and optimize space utilization. Furthermore, low power rating bushbars are more efficient in transmitting power within the specified range and are high in demand in electric and hybrid vehicles where energy efficiency are crucial for extending driving range and minimizing power losses.
• Based on conductor, the market is bifurcated into copper and aluminum. The copper bushbars hold a significant share of the market in the automobile industry. The primary reason for this domination is, in automotive applications, copper bushbars are preferred for electrical systems that require high conductivity, such as power distribution and grounding. Furthermore, Copper bushbars can carry higher current loads compared to aluminum bushbars of the same size. This characteristic is crucial in applications where the bushbars need to handle heavy electrical currents, such as in high-powered vehicles or electric vehicles (EVs). Moreover, copper bushbars have higher mechanical strength and durability compared to aluminum, making them more resistant to mechanical stresses and vibrations experienced in automotive environments. And due to factors as such copper bushbars continue to dominate the demand in the automobile industry, especially in applications where electrical performance is of utmost importance and are gradually becoming the backbone of the growing EV industry as well due to the increased use of electrical and electronic components in the vehicles.
• For a better understanding of the market adoption of automotive busbar, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, Rest of Asia-Pacific), Rest of World. The automotive bushbar market in the Asia Pacific region is anticipated to witness significant growth throughout the forecast period. Owing to the rising per capita GDP of the countries in the Asia Pacific hence improving the standard of living and increasing money in the hands of people driving the consumption of the countries. Furthermore, with the rising demand of electric vehicle in APAC region is also providing the next leg of growth in the demand for the automotibee bushbars, though as a percentage of total vehicles sold electric vehicle percentage is highest in Europe but the number of units sold in China is leading the pack and has emerged as a top producer and seller of electric vehicles in the world. The Asian countries are projected to produce almost 13 million electric vehicles in the year 2023, whereas, in 2022, china has sold roughly 52% of the total EVs produced in the world which amounts to almost 3.5 million units, India the number is currently at one-third of a million unit but was almost 168% growth from the previous year. Hence, looking at the size of the market that these emerging economies have, the size of the population with rising income and awareness and the availability of the OEMs that are offering great value buys to the customers in terms of price and product and further support from the governments is showing a future of high growth prospects for the electric vehicles market in the APAC region. For instance, China (from a previous 2020 expiration date) extended its NEV subsidy program through the end of 2022, albeit it has started to reduce basic subsidy amounts by 10%, 20%, and 30% per year. (between 2020 and 2022). Through the end of 2023, it also extended the exemption from purchase taxes for NEVs.
• Some of the major players operating in the market include Siemens AG; Mersen Corporate Services SAS; Hitachi Metals Ltd.; TB&C Holding GmBH; EG Electronics AB; Legrand Holding SA; ABB; Eaton Corporation PLC; AMETEK Inc.; and Interplex Holdings Pte Ltd.