Laminated Busbar Market Worth 1,004.5 Million USD by 2022
The laminated busbar market is expected to grow from an estimated USD 743.2 Million in 2017 to USD 1,004.5 Million by 2022, at a CAGR of 6.21%. 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.
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