Medium Power Electric Vehicle Busbars

Global Medium Power Electric Vehicle Busbars Market to Reach US$1.3 Billion by 2030

The global market for Medium Power Electric Vehicle Busbars estimated at US$461.7 Million in the year 2024, is expected to reach US$1.3 Billion by 2030, growing at a CAGR of 19.5% over the analysis period 2024-2030. Copper, one of the segments analyzed in the report, is expected to record a 21.2% CAGR and reach US$963.6 Million by the end of the analysis period. Growth in the Aluminium segment is estimated at 15.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$125.8 Million While China is Forecast to Grow at 26.6% CAGR

The Medium Power Electric Vehicle Busbars market in the U.S. is estimated at US$125.8 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$319.3 Million by the year 2030 trailing a CAGR of 26.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 15.4% and 17.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.3% CAGR.

Global Medium Power Electric Vehicle Busbar Market – Key Trends & Drivers Summarized

How Is the Medium Power Electric Vehicle Busbar Market Evolving with the Shift to Sustainable Mobility?

The medium power electric vehicle (EV) busbar market is undergoing significant growth as the automotive industry transitions towards electrification and sustainable mobility. Busbars, which serve as critical components in EV power distribution, offer enhanced conductivity, reduced weight, and improved thermal management compared to conventional wiring systems. These attributes make medium power busbars a preferred choice for electric passenger cars, commercial EVs, and hybrid vehicles.

With the increasing adoption of EV battery packs with higher voltage ratings, the role of medium power busbars in ensuring efficient energy transmission is becoming more crucial. These busbars are designed to minimize electrical losses, enhance battery efficiency, and optimize thermal performance—factors that directly impact an EV’s range and charging efficiency. The growing focus on fast-charging technology, improved power density, and compact battery designs is further driving the demand for advanced busbar solutions in EV powertrains.

Why Are Medium Power Busbars Critical for Electric Vehicles?

The medium power busbars used in EVs play a crucial role in reducing power losses and improving vehicle performance. Traditional wiring harnesses often increase resistance, add extra weight, and generate excess heat, which negatively impacts energy efficiency and battery longevity. Busbars, on the other hand, provide low-impedance, high-conductivity connections, ensuring stable and efficient energy transfer from the battery to the drivetrain.

Moreover, thermal management is a key factor in EV power distribution, and busbars contribute significantly by enhancing heat dissipation. Advanced liquid-cooled and insulated busbar technologies are emerging to prevent thermal runaway, voltage fluctuations, and overheating issues in high-performance EVs. The integration of lightweight aluminum and composite-based busbars over traditional copper variants is also gaining traction, offering better energy efficiency and cost reduction in EV manufacturing.

Additionally, busbar modularity and scalability allow for greater design flexibility in EV architectures. This is particularly beneficial for next-generation electric powertrains, including solid-state battery systems, hydrogen fuel cell vehicles, and high-performance hybrid models. The increasing trend of standardized and customized busbar solutions is further facilitating easier integration into diverse EV platforms, making them a key enabler of scalable electrification.

What Emerging Trends Are Shaping the Medium Power EV Busbar Market?

The rapid evolution of battery technology and charging infrastructure is significantly influencing the medium power EV busbar market. One of the most prominent trends is the rise of ultra-fast charging networks that demand high-voltage, low-resistance power distribution solutions. As the industry moves towards 800V and 1,000V battery architectures, medium power busbars are being optimized for higher efficiency, lower weight, and enhanced safety.

Another key trend is the integration of smart and flexible busbar systems. The emergence of IoT-enabled and sensor-integrated busbars allows for real-time monitoring of power flow, temperature variations, and fault detection. These innovations contribute to improved energy management, predictive maintenance, and extended battery lifespan, which are critical for EV manufacturers seeking higher operational reliability.

Furthermore, advancements in materials and manufacturing techniques are driving cost-effective and high-performance busbar solutions. The industry is witnessing the adoption of flexible printed circuit board (FPCB) busbars, composite insulations, and nanotechnology-based conductive coatings. These developments enhance durability, reduce electromagnetic interference (EMI), and improve overall electrical conductivity, making them highly suitable for next-generation EV platforms.

What Factors Are Driving the Growth of the Medium Power EV Busbar Market?

The growth in the medium power EV busbar market is driven by several factors, including the rapid expansion of the global EV market, increasing investments in battery technologies, advancements in power electronics, and stringent energy efficiency regulations. The global push for net-zero emissions and government policies favoring EV adoption have accelerated the demand for high-performance power distribution solutions, with medium power busbars emerging as a crucial component.

Additionally, the rise of electric commercial vehicles (e-trucks, e-buses, and electric delivery vans) is fueling demand for rugged and high-power busbar solutions that can handle higher electrical loads while maintaining optimal efficiency. The push for longer-range and faster-charging EVs is further driving innovation in busbar materials, cooling systems, and design architectures.

Another critical growth driver is the ongoing shift toward localized EV production and supply chain resilience. As automakers invest in domestic battery manufacturing and EV component production, the demand for regionally sourced, high-quality busbar solutions is rising. Furthermore, collaborations between EV manufacturers, semiconductor companies, and material science firms are fostering next-generation power distribution technologies that enhance the overall performance and safety of electric vehicles.

With continuous advancements in battery efficiency, vehicle electrification, and charging infrastructure, the medium power EV busbar market is expected to witness robust expansion in the coming years, playing a pivotal role in the next phase of sustainable transportation.

SCOPE OF STUDY:

The report analyzes the Medium Power Electric Vehicle Busbars market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Material (Copper, Aluminium)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 34 Featured) -

• Amphenol Corporation
• Brar Elettromeccanica SpA
• Connor Manufacturing Services
• EAE Group
• Eaton Corporation
• EG Electronics
• EMS Group
• HV Wooding Ltd
• Infineon Technologies AG
• Intercable Automotive Solutions
• Legrand S.A.
• Lindgren Group
• Littelfuse, Inc.
• Mersen S.A.
• Mitsubishi Electric Corporation
• ProEV (Promark Electronics Inc.)
• Raychem RPG
• Rogers Corporation
• Schneider Electric SE
• TE Connectivity

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

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INDIA
176 OTHER COUNTRIES.

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