Summary

The global market for Busbars for New Energy Vehicles was estimated to be worth US$ 1350 million in 2024 and is forecast to a readjusted size of US$ 2846 million by 2031 with a CAGR of 10.9% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Busbars for New Energy Vehicles cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

In the high-voltage electrical systems of new energy vehicles (NEVs), particularly pure electric and plug-in hybrid vehicles, busbars are core conductive components that enable efficient transmission, distribution, and connection of high-voltage electrical energy. Replacing the wires or wiring harnesses in traditional low-voltage circuits, they are specifically designed to handle the high-voltage, high-current power consumption of NEVs (e.g., the interaction between components like batteries, motors, electronic controls, and fast-charging stations). They are crucial components for ensuring the vehicle's power, safety, and reliability. Global sales of new energy vehicle busbars are expected to reach approximately 507 million units in 2024, with a value of approximately RMB 500 per busbar. The upstream market primarily consists of copper and aluminum metal suppliers, while the downstream market includes OEMs (Tesla, Xpeng, Li Auto, and BYD) and power battery manufacturers (CATL, LG, Sinotruk, Guoxuan High-tech, EVE Energy, and Sunwoda, among others). The average gross profit margin is approximately 20%.

In recent years, the rapid development of the global new energy vehicle industry has directly driven the expansion of the busbar market. From a regional perspective, China holds a commanding lead in both consumption and production. In 2024, China's market size was expected to reach US$910 million, accounting for 67.45% of the global market. By 2031, this figure is projected to reach US$1.668 billion, representing a 58.64% share. While this market share has declined slightly, its overall size continues to expand rapidly. Meanwhile, Europe and North America, traditional automotive powerhouses, hold 19.13% and 7.39% of the consumer market, respectively. India, driven by the rapid development of its new energy vehicle industry, is projected to achieve a rapid CAGR of 24.12% between 2025 and 2031, making it the market with the greatest growth potential.
In terms of production, the new energy vehicle busbar industry has developed a manufacturing structure centered around China and Europe. In 2024, China's production share reached 70.73%, while Europe's was 17.59%, representing nearly 90% of global production capacity. China has long maintained its leading position in the new energy vehicle (NEV) industry chain, thanks to its mature processing and manufacturing capabilities, and low production costs. Europe, leveraging its technological expertise and demand from local automakers, has become another key production region. North America's growth is noteworthy, with its production share projected to reach 7.17% by 2031, demonstrating the American market's accelerated development of a localized supply chain. This pattern reflects both the gradient distribution of the NEV industry chain globally and the reliance of busbars, a core component for high-voltage connections, on industrial agglomeration.

From a product type perspective, copper busbars remain the dominant force in the market. Due to their excellent conductivity and stability, copper busbars will dominate the market in 2024 and are expected to maintain an 84.05% market share by 2031. However, aluminum busbars are rapidly penetrating the market due to their lightweight and cost advantages. Their future CAGR is as high as 20.49%, significantly exceeding that of copper busbars. This suggests that as NEVs pursue lightweighting and reduced system costs, the market share of aluminum busbars will gradually increase. In addition, from the application perspective, pure electric vehicles (BEV) are the largest application scenario for busbars, with a market share of 72.63% in 2024 and a future CAGR of approximately 10.78%, which is basically consistent with the overall market growth, fully demonstrating the high correlation between busbar demand and the increase in pure electric vehicle penetration.

This report aims to provide a comprehensive presentation of the global market for Busbars for New Energy Vehicles, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Busbars for New Energy Vehicles by region & country, by Type, and by Application.
The Busbars for New Energy Vehicles market size, estimations, and forecasts are provided in terms of sales volume (M Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Busbars for New Energy Vehicles.

Market Segmentation
By Company
Intercable Automotive Solutions (Aptiv)
Everwin Technology
BSB Technology Development
Victory Electric
Jiachao Technology
Suzhou Vekan Technology
Rogers Corporation
Methode Electronics
Auto-Kabel
Suzhou West Deane New Power Electric
Iwis e-tec
Ennovi (Interplex)
SHINSUNG ST
Mersen
RHI Electric
Connor Manufacturing Services
Suncall
Jenkent Electric Technology
Crefact
Segment by Type
Copper Busbar
Aluminum Busbar
Segment by Application
BEV
PHEV
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Busbars for New Energy Vehicles manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Busbars for New Energy Vehicles in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Busbars for New Energy Vehicles in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

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Table of Contents

1 Market Overview
1.1 Busbars for New Energy Vehicles Product Introduction
1.2 Global Busbars for New Energy Vehicles Market Size Forecast
1.2.1 Global Busbars for New Energy Vehicles Sales Value (2020-2031)
1.2.2 Global Busbars for New Energy Vehicles Sales Volume (2020-2031)
1.2.3 Global Busbars for New Energy Vehicles Sales Price (2020-2031)
1.3 Busbars for New Energy Vehicles Market Trends & Drivers
1.3.1 Busbars for New Energy Vehicles Industry Trends
1.3.2 Busbars for New Energy Vehicles Market Drivers & Opportunity
1.3.3 Busbars for New Energy Vehicles Market Challenges
1.3.4 Busbars for New Energy Vehicles Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Busbars for New Energy Vehicles Players Revenue Ranking (2024)
2.2 Global Busbars for New Energy Vehicles Revenue by Company (2020-2025)
2.3 Global Busbars for New Energy Vehicles Players Sales Volume Ranking (2024)
2.4 Global Busbars for New Energy Vehicles Sales Volume by Company Players (2020-2025)
2.5 Global Busbars for New Energy Vehicles Average Price by Company (2020-2025)
2.6 Key Manufacturers Busbars for New Energy Vehicles Manufacturing Base and Headquarters
2.7 Key Manufacturers Busbars for New Energy Vehicles Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Busbars for New Energy Vehicles
2.9 Busbars for New Energy Vehicles Market Competitive Analysis
2.9.1 Busbars for New Energy Vehicles Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Busbars for New Energy Vehicles Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Busbars for New Energy Vehicles as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Copper Busbar
3.1.2 Aluminum Busbar
3.2 Global Busbars for New Energy Vehicles Sales Value by Type
3.2.1 Global Busbars for New Energy Vehicles Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Busbars for New Energy Vehicles Sales Value, by Type (2020-2031)
3.2.3 Global Busbars for New Energy Vehicles Sales Value, by Type (%) (2020-2031)
3.3 Global Busbars for New Energy Vehicles Sales Volume by Type
3.3.1 Global Busbars for New Energy Vehicles Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Busbars for New Energy Vehicles Sales Volume, by Type (2020-2031)
3.3.3 Global Busbars for New Energy Vehicles Sales Volume, by Type (%) (2020-2031)
3.4 Global Busbars for New Energy Vehicles Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 BEV
4.1.2 PHEV
4.2 Global Busbars for New Energy Vehicles Sales Value by Application
4.2.1 Global Busbars for New Energy Vehicles Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Busbars for New Energy Vehicles Sales Value, by Application (2020-2031)
4.2.3 Global Busbars for New Energy Vehicles Sales Value, by Application (%) (2020-2031)
4.3 Global Busbars for New Energy Vehicles Sales Volume by Application
4.3.1 Global Busbars for New Energy Vehicles Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Busbars for New Energy Vehicles Sales Volume, by Application (2020-2031)
4.3.3 Global Busbars for New Energy Vehicles Sales Volume, by Application (%) (2020-2031)
4.4 Global Busbars for New Energy Vehicles Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Busbars for New Energy Vehicles Sales Value by Region
5.1.1 Global Busbars for New Energy Vehicles Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Busbars for New Energy Vehicles Sales Value by Region (2020-2025)
5.1.3 Global Busbars for New Energy Vehicles Sales Value by Region (2026-2031)
5.1.4 Global Busbars for New Energy Vehicles Sales Value by Region (%), (2020-2031)
5.2 Global Busbars for New Energy Vehicles Sales Volume by Region
5.2.1 Global Busbars for New Energy Vehicles Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Busbars for New Energy Vehicles Sales Volume by Region (2020-2025)
5.2.3 Global Busbars for New Energy Vehicles Sales Volume by Region (2026-2031)
5.2.4 Global Busbars for New Energy Vehicles Sales Volume by Region (%), (2020-2031)
5.3 Global Busbars for New Energy Vehicles Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Busbars for New Energy Vehicles Sales Value, 2020-2031
5.4.2 North America Busbars for New Energy Vehicles Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Busbars for New Energy Vehicles Sales Value, 2020-2031
5.5.2 Europe Busbars for New Energy Vehicles Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Busbars for New Energy Vehicles Sales Value, 2020-2031
5.6.2 Asia Pacific Busbars for New Energy Vehicles Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Busbars for New Energy Vehicles Sales Value, 2020-2031
5.7.2 South America Busbars for New Energy Vehicles Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Busbars for New Energy Vehicles Sales Value, 2020-2031
5.8.2 Middle East & Africa Busbars for New Energy Vehicles Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Busbars for New Energy Vehicles Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Busbars for New Energy Vehicles Sales Value and Sales Volume
6.2.1 Key Countries/Regions Busbars for New Energy Vehicles Sales Value, 2020-2031
6.2.2 Key Countries/Regions Busbars for New Energy Vehicles Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Busbars for New Energy Vehicles Sales Value, 2020-2031
6.3.2 United States Busbars for New Energy Vehicles Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Busbars for New Energy Vehicles Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Busbars for New Energy Vehicles Sales Value, 2020-2031
6.4.2 Europe Busbars for New Energy Vehicles Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Busbars for New Energy Vehicles Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Busbars for New Energy Vehicles Sales Value, 2020-2031
6.5.2 China Busbars for New Energy Vehicles Sales Value by Type (%), 2024 VS 2031
6.5.3 China Busbars for New Energy Vehicles Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Busbars for New Energy Vehicles Sales Value, 2020-2031
6.6.2 Japan Busbars for New Energy Vehicles Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Busbars for New Energy Vehicles Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Busbars for New Energy Vehicles Sales Value, 2020-2031
6.7.2 South Korea Busbars for New Energy Vehicles Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Busbars for New Energy Vehicles Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Busbars for New Energy Vehicles Sales Value, 2020-2031
6.8.2 Southeast Asia Busbars for New Energy Vehicles Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Busbars for New Energy Vehicles Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Busbars for New Energy Vehicles Sales Value, 2020-2031
6.9.2 India Busbars for New Energy Vehicles Sales Value by Type (%), 2024 VS 2031
6.9.3 India Busbars for New Energy Vehicles Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Intercable Automotive Solutions (Aptiv)
7.1.1 Intercable Automotive Solutions (Aptiv) Company Information
7.1.2 Intercable Automotive Solutions (Aptiv) Introduction and Business Overview
7.1.3 Intercable Automotive Solutions (Aptiv) Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Intercable Automotive Solutions (Aptiv) Busbars for New Energy Vehicles Product Offerings
7.1.5 Intercable Automotive Solutions (Aptiv) Recent Development
7.2 Everwin Technology
7.2.1 Everwin Technology Company Information
7.2.2 Everwin Technology Introduction and Business Overview
7.2.3 Everwin Technology Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Everwin Technology Busbars for New Energy Vehicles Product Offerings
7.2.5 Everwin Technology Recent Development
7.3 BSB Technology Development
7.3.1 BSB Technology Development Company Information
7.3.2 BSB Technology Development Introduction and Business Overview
7.3.3 BSB Technology Development Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 BSB Technology Development Busbars for New Energy Vehicles Product Offerings
7.3.5 BSB Technology Development Recent Development
7.4 Victory Electric
7.4.1 Victory Electric Company Information
7.4.2 Victory Electric Introduction and Business Overview
7.4.3 Victory Electric Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Victory Electric Busbars for New Energy Vehicles Product Offerings
7.4.5 Victory Electric Recent Development
7.5 Jiachao Technology
7.5.1 Jiachao Technology Company Information
7.5.2 Jiachao Technology Introduction and Business Overview
7.5.3 Jiachao Technology Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Jiachao Technology Busbars for New Energy Vehicles Product Offerings
7.5.5 Jiachao Technology Recent Development
7.6 Suzhou Vekan Technology
7.6.1 Suzhou Vekan Technology Company Information
7.6.2 Suzhou Vekan Technology Introduction and Business Overview
7.6.3 Suzhou Vekan Technology Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Suzhou Vekan Technology Busbars for New Energy Vehicles Product Offerings
7.6.5 Suzhou Vekan Technology Recent Development
7.7 Rogers Corporation
7.7.1 Rogers Corporation Company Information
7.7.2 Rogers Corporation Introduction and Business Overview
7.7.3 Rogers Corporation Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Rogers Corporation Busbars for New Energy Vehicles Product Offerings
7.7.5 Rogers Corporation Recent Development
7.8 Methode Electronics
7.8.1 Methode Electronics Company Information
7.8.2 Methode Electronics Introduction and Business Overview
7.8.3 Methode Electronics Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Methode Electronics Busbars for New Energy Vehicles Product Offerings
7.8.5 Methode Electronics Recent Development
7.9 Auto-Kabel
7.9.1 Auto-Kabel Company Information
7.9.2 Auto-Kabel Introduction and Business Overview
7.9.3 Auto-Kabel Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Auto-Kabel Busbars for New Energy Vehicles Product Offerings
7.9.5 Auto-Kabel Recent Development
7.10 Suzhou West Deane New Power Electric
7.10.1 Suzhou West Deane New Power Electric Company Information
7.10.2 Suzhou West Deane New Power Electric Introduction and Business Overview
7.10.3 Suzhou West Deane New Power Electric Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Suzhou West Deane New Power Electric Busbars for New Energy Vehicles Product Offerings
7.10.5 Suzhou West Deane New Power Electric Recent Development
7.11 Iwis e-tec
7.11.1 Iwis e-tec Company Information
7.11.2 Iwis e-tec Introduction and Business Overview
7.11.3 Iwis e-tec Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Iwis e-tec Busbars for New Energy Vehicles Product Offerings
7.11.5 Iwis e-tec Recent Development
7.12 Ennovi (Interplex)
7.12.1 Ennovi (Interplex) Company Information
7.12.2 Ennovi (Interplex) Introduction and Business Overview
7.12.3 Ennovi (Interplex) Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Ennovi (Interplex) Busbars for New Energy Vehicles Product Offerings
7.12.5 Ennovi (Interplex) Recent Development
7.13 SHINSUNG ST
7.13.1 SHINSUNG ST Company Information
7.13.2 SHINSUNG ST Introduction and Business Overview
7.13.3 SHINSUNG ST Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 SHINSUNG ST Busbars for New Energy Vehicles Product Offerings
7.13.5 SHINSUNG ST Recent Development
7.14 Mersen
7.14.1 Mersen Company Information
7.14.2 Mersen Introduction and Business Overview
7.14.3 Mersen Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Mersen Busbars for New Energy Vehicles Product Offerings
7.14.5 Mersen Recent Development
7.15 RHI Electric
7.15.1 RHI Electric Company Information
7.15.2 RHI Electric Introduction and Business Overview
7.15.3 RHI Electric Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 RHI Electric Busbars for New Energy Vehicles Product Offerings
7.15.5 RHI Electric Recent Development
7.16 Connor Manufacturing Services
7.16.1 Connor Manufacturing Services Company Information
7.16.2 Connor Manufacturing Services Introduction and Business Overview
7.16.3 Connor Manufacturing Services Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Connor Manufacturing Services Busbars for New Energy Vehicles Product Offerings
7.16.5 Connor Manufacturing Services Recent Development
7.17 Suncall
7.17.1 Suncall Company Information
7.17.2 Suncall Introduction and Business Overview
7.17.3 Suncall Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Suncall Busbars for New Energy Vehicles Product Offerings
7.17.5 Suncall Recent Development
7.18 Jenkent Electric Technology
7.18.1 Jenkent Electric Technology Company Information
7.18.2 Jenkent Electric Technology Introduction and Business Overview
7.18.3 Jenkent Electric Technology Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Jenkent Electric Technology Busbars for New Energy Vehicles Product Offerings
7.18.5 Jenkent Electric Technology Recent Development
7.19 Crefact
7.19.1 Crefact Company Information
7.19.2 Crefact Introduction and Business Overview
7.19.3 Crefact Busbars for New Energy Vehicles Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Crefact Busbars for New Energy Vehicles Product Offerings
7.19.5 Crefact Recent Development
8 Industry Chain Analysis
8.1 Busbars for New Energy Vehicles Industrial Chain
8.2 Busbars for New Energy Vehicles Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Busbars for New Energy Vehicles Sales Model
8.5.2 Sales Channel
8.5.3 Busbars for New Energy Vehicles Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer