Europe Electric Vehicle Busbar Market

Europe Electric Vehicle Busbar Market Size

According to a recent study by Global Market Insights Inc., the Europe electric vehicle busbar market was valued at USD 179.8 million in 2024. The market is expected to grow from USD 212.5 million in 2025 to USD 1.83 billion by 2034, at a CAGR of 27.1%.

• The electric vehicle busbar market in Europe is experiencing robust growth driven by the widespread adoption of electrification platforms along with the integration of silicon carbide (SiC) power electronics across mainstream & premium vehicle segments. Laminated busbar in the market is gaining traction owing to its low inductance, thermal stability, and compact integration for battery packs, inverters, and on-board chargers.
  
• The growth momentum is further reinforced by the localization of supply chains and increasing manufacturing capacity across Europe, as gigafactory investments stimulate greater demand for busbars in battery pack assembly. For instance, in January 2025, Stellantis and CATL came into a strategic partnership by investing over USD 4.5 billion to set up an LFP battery plant in Spain, to begin by the end of 2026.
  
• Similarly, in 2023, Automotive Cells Company (ACC), a joint venture between Stellantis, TotalEnergies/Saft, and Mercedes-Benz, partnered with Mersen to supply laminated busbars for its gigafactory in Billy-Berclau/Douvrin, France. By embedding busbar manufacturing closer to Europe’s EV production centers, these investments will ensure that the value chain remains resilient and aligned with the European Union’s strategic focus on localizing clean mobility infrastructure.
  
• These developments underscore the regional regulatory focus on reducing fleet emissions, which is directly translating into a surging need for advanced interconnect components, ensuring the busbars evolve as an indispensable part of the EV ecosystem, thereby contributing to market growth. Such initiatives are directly contributing to the rapid expansion of the regional busbar market.
  
• Automobile manufacturers are increasingly standardizing high-voltage systems to enable faster charging and reduced cable weight, which places busbars at the core of EV power distribution. For instance, in January 2024, Stellantis introduced the BEV-native STLA Large Platform with an 800 km/500-mile range and the ultimate flexibility to cover a wide spectrum of vehicles.
  
• Technological innovation is also fueling market growth, as busbars are evolving to meet the higher performance thresholds demanded by modern EV powertrains. The increasing adoption of SiC-based inverters and converters is pushing busbar designs to deliver superior thermal stability, enhanced dielectric robustness, and reduced electromagnetic interference.
  
• Manufacturers are developing advanced insulation stacks capable of withstanding operating temperatures up to 180°C, ensuring durability under the harsh electrical conditions of fast switching SiC devices. Moreover, as 800V systems become more prevalent in European EVs, busbars are being engineered to minimize inductance while offering compact, modular designs that improve serviceability and reliability.
  

Europe Electric Vehicle Busbar Market Trends

• The European EV busbar market is significantly propelled by stringent environmental regulations and robust government incentives aimed at reducing greenhouse gas emissions. The European Union’s Green Deal and Fit for 55 package have set ambitious targets for carbon neutrality, pushing automakers and public transport systems toward electrification.
  
• These policies have created a favorable regulatory environment for EV adoption, thereby increasing the demand for high-performance busbar systems that are essential for efficient power distribution in electric vehicles. For instance, in May 2024, the French government signed a medium-term planning agreement with EV manufacturers to scale EV sales to 800,000 units by 2027.
  
• Innovation in busbar materials and manufacturing processes is further complementing the business landscape. The shift from traditional wiring to busbars is driven by the need for components that offer higher current-carrying capacity, better thermal management, and reduced weight.
  
• Rise in strategic collaborations among OEMs, component suppliers, and technology providers is further bolstering the business scenario. These partnerships are fostering innovation and accelerating the commercialization of advanced busbar systems. Companies like Siemens, Schneider Electric, and Infineon Technologies are leading the charge with integrated solutions tailored to the evolving needs of the EV ecosystem.
  
• For illustration, in March 2024, Infineon Technologies partnered with VMAX to develop a 6.6 kW on-board charger using advanced IGBT and SiC diode technologies. The partnership will aid in driving e-mobility advancements, providing efficient solutions that meet the requirements of the industry in terms of performance, quality, and system cost, in turn adding to the Europe electric vehicle busbar market growth.
  
• Similarly, in April 2024, Schneider Electric launched its eMobility suite, including the EVlink Pro DC 180kW charging station and EcoStruxure EV Advisor, aimed at enhancing charging infrastructure reliability. These developments underscore the role of collaborative innovation in scaling EV infrastructure and supporting the growing demand for efficient power distribution systems across the region.
  
• The transition to electric public transport and commercial fleets is a major trend fueling the demand for EV busbars in Europe. Municipalities and logistics companies are increasingly adopting electric buses and delivery vehicles to meet sustainability targets and reduce operational costs. This shift necessitates robust and scalable power distribution systems, making busbars a critical component.
  
• The European market is responding with tailored solutions for high-power applications as the countries, including the Netherlands, Sweden, and the UK, are investing heavily in electrifying their public transport networks, further boosting demand. The integration of fast-charging infrastructure and high-capacity battery systems in these vehicles requires busbars that can handle elevated thermal and electrical loads, reinforcing their strategic importance in the EV value chain.
  

Europe Electric Vehicle Busbar Market Analysis

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• Based on material, the market is segmented into copper & aluminum. The copper EV busbar market dominated with 70% revenue share in 2024 and will grow at a CAGR of 26% through 2034. Copper remains the material of choice for high-performance EV busbars in Europe due to its superior electrical conductivity and thermal stability.
  
• The product ability to handle high current loads with minimal resistance makes it indispensable for premium and fast-charging EV platforms. Raising adoption of fast-performing electric vehicles along with increasing installation of fast-charging station networks in the region will further complement the business scenario.
  
• For instance, as per the European Alternative Fuels Observatory, till July 2025, the region witnessed an increase of 34% in registration of BEVs compared to the same period in 2024. This substantial increase in BEV adoption underscores the region’s ongoing transition towards electrified mobility, which in turn will augment the industry's growth down the line owing to supportive policies and investments in charging infrastructure.
  
• The aluminum-based EV busbar industry will witness a growth of 28% till 2034. The material expansion across the mass European market along with its installation for lightweight usage complements the business outlook. Its lower density and cost compared to copper make it an attractive alternative for manufacturers aiming to reduce vehicle weight and production expenses.
  
• Aluminum’s adoption is also driven by its compatibility with sustainability goals across the region. European manufacturers are increasingly using recycled aluminum to meet the EU’s Circular Economy Action Plan, which mandates 70% recyclability of EV components by 2030. This in turn will create a favorable scenario for the material adoption of EV busbars in the region.
  

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• Based on power rating, the Europe electric vehicle busbar market is categorized into low, medium, & high power EV busbars. The high power EV busbar industry showcased 60.2% market share in 2024. High-power busbars are witnessing rapid growth in Europe, driven by the increasing deployment of fast-charging EVs, electric buses, and heavy-duty trucks. These busbars are essential for managing high current loads and ensuring efficient power transfer in high-performance applications.
  
• Increasing adoption of 800V architecture for various electric city cars across the European region, along with rapid electrification of public transport fleets and logistics vehicles, is fueling the industry growth. For instance, various electric vehicles including BMW iX3 featuring 800V architecture and Hyundai Ioniq 6N are scheduled to launch by the end of 2025, which in turn will increase the high-power busbar adoption down the line.
  
• Medium power busbar industry will grow at a CAGR of 26% till 2034. Medium power busbars, typically rated between 400V and 600V, are the backbone of Europe’s mainstream EV segment. These busbars are widely used in passenger cars, light commercial vehicles, and plug-in hybrids, where they balance performance, cost, and safety.
  
• These busbars are also favored for their ability to support moderate fast-charging capabilities and efficient thermal management. For instance, the Peugeot e-308 and Opel Astra Electric, both launched in 2025, utilize medium power busbars to manage energy flow between the battery, inverter, and motor, ensuring optimal performance without the complexity of high-voltage systems.
  
• Low busbar industry will grow at a CAGR of 23% through 2034. The product is increasingly adopted in compact electric vehicles (including city cars and scooters) and auxiliary systems within larger EVs. These busbars typically handle voltages below 400V and are optimized for low-current applications like infotainment systems, lighting, and HVAC controls.
  
• In 2025, the rise of urban micro-mobility solutions across European cities, including Renault’s Twizy and Citroën’s Ami, has driven demand for low power busbars that are lightweight, cost-effective, and easy to integrate into compact vehicle architectures. Additionally, low power busbars are being used in battery management systems (BMS) and sensor networks, where precision and safety are critical.
  

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• Germany dominated the overall Europe EV busbar market with around 18% share in 2024 and generated USD 32.2 million in revenue. The market is experiencing robust growth, underpinned by the country’s strong automotive manufacturing base and ambitious climate targets. These developments position Germany as a key hub for busbar innovation and deployment in Europe.
  
• Increased investment in EV infrastructure and favorable regulatory decisions are complementing business growth. For instance, in June 2025, the German Association of the Automotive Industry (VDA) further reaffirmed its goal to phase out ICE vehicles by 2035, which in turn will augment the adoption of electric vehicles, catering to the deployment of busbars.
  
• Norway EV busbar industry will grow at a CAGR of 25% till 2034. Norway continues to lead Europe in electric vehicle adoption, with EVs accounting for over 92% of new passenger vehicle registrations in the first four months of 2025. This dominance is driven by aggressive government policies, including tax exemptions, toll reductions, and widespread charging infrastructure. The surge in EV penetration has directly stimulated demand for advanced busbar systems.
  
• France’s EV busbar market is gaining momentum, driven by government-backed initiatives and a growing consumer shift toward sustainable mobility. In 2025, the French government continued its support for EV adoption through subsidies and infrastructure expansion, including the deployment of fast-charging stations across urban and rural areas. Automakers such as Renault and Stellantis are leveraging busbar technologies to enhance the performance and reliability of their electric models.
  
• The Netherlands EV busbar industry will grow at a rate of over 22% through 2034. The government’s continued investment in sustainable transport and its commitment to reducing CO₂ emissions are expected to sustain the upward trajectory of the EV busbar market in the Netherlands.
  
• The UK EV busbar market is expanding rapidly and will reach USD 400 million by 2034, driven by the increasing electrification of public transport and commercial fleets. OEMs and fleet operators are increasingly adopting modular busbar designs to accommodate diverse vehicle configurations. The UK’s focus on reducing greenhouse gas emissions and improving urban air quality is creating favorable conditions for busbar innovation and adoption.
  
• Sweden’s EV busbar market will grow at a CAGR of 18% till 2034 is witnessing strong growth, particularly in the public transport and heavy-duty vehicle segments. In January 2025 alone, electric buses accounted for nearly 68% of new bus registrations, marking a dramatic increase from the previous year. This surge is supported by government procurement strategies and targeted incentives aimed at electrifying municipal fleets.
  

Europe Electric Vehicle Busbar Market Share

• The top 5 companies in Europe electric vehicle busbar industry are TE Connectivity, Amphenol Corporation, Infineon Technologies AG, Schneider Electric, and Mersen, collectively contributed around 35% of the market in 2024. TE Connectivity holds a leading position due to its extensive expertise in high-voltage connectivity solutions and its deep integration with European automotive OEMs.
  
• Amphenol Corporation has carved out a significant share by offering robust and compact busbar assemblies tailored for EV battery packs and power distribution units. Its strong presence in the European automotive supply chain, combined with its emphasis on lightweight and high-conductivity designs, has enabled it to serve a wide range of EV models, from city cars to electric trucks.
  
• Schneider Electric leverages its strength in energy management and industrial automation to deliver advanced busbar systems for EV charging infrastructure and fleet electrification. Its EcoStruxure platform and EVlink solutions incorporate busbars designed for high reliability and modular deployment, aligning with Europe’s push for scalable and sustainable mobility solutions.
  

Europe Electric Vehicle Busbar Market Companies

Major players operating in the Europe electric vehicle busbar industry are:

• Amphenol Corporation
• Brar Elettromeccanica SpA
• Eaton
• EMS Group
• EAE Group
• EG Electronics
• Gindre Duchavany
• Littelfuse, Inc.
• Infineon Technologies AG
• Legrand
• Luvata
• Mitsubishi Electric Corporation
• Nexans
• Rogers Corporation
• Mersen SA
• Samuel Taylor Limited (STL)
• Siemens
• Schneider Electric
• TE Connectivity
• Weidmuller Interface GmbH & Co. KG
  
• TE Connectivity headquartered in Ireland, reported over USD 4.5 billion in sales in 2025 Q3. The company’s focus on modular and scalable busbar systems has made it a preferred supplier for both passenger and commercial EV platforms, particularly in high-performance applications.
  
• Infineon Technologies AG, headquartered in Germany, displayed a revenue of over USD 8.8 billion in Q3 2025. Its solutions are often embedded in inverter and charging systems, making Infineon a strategic enabler of efficient power flow and thermal management in European EVs.
  
• Mersen SA is recognized for its specialization in electrical protection and thermal management, offering laminated and insulated busbars that meet the stringent safety and performance requirements of European EV manufacturers. Mersen’s focus on high-voltage applications and its collaboration with OEMs and Tier 1 suppliers have positioned it as a key contributor to the region’s electrification efforts.
  

Europe Electric Vehicle Busbar Market News

• In July 2025, the UK government announced an investment of over USD 85 million to enhance Britain’s electric vehicle infrastructure, thereby adding growth prospects for the country's EV industry, which in turn will witness the increase in demand for electric vehicle busbars.
  
• In July 2025, Legrand acquired a Switzerland-based busbar manufacturer, Amperio Project, and Quitérios, an electrical & digital modular distribution board provider. These acquisitions will further strengthen the company’s market positioning across busbar applications along with fast-growing segments related to the energy and digital transition across the European region.
  
• In June 2025, the government of Germany launched the new incentive plans for electric vehicle adoption. Under the federal government's new “Responsibility for Germany” program, which includes various fiscal, economic, and structural reforms since July, EV adoption in the country has increased, thereby increasing the adoption of EV busbars.
  
• In February 2025, TE Connectivity decided to expand its market presence in Europe by inaugurating a site in Waiblingen, Germany. The investment in the new facility is aimed at strengthening the company's product portfolio across the energy business, which in turn will augment the busbar manufacturing, thereby adding to the market growth.
  

This Europe electric vehicle busbar market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2021 to 2034, for the following segments:

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Market, By Material

• Copper
• Aluminum

Market, By Power Rating

• Low
• Medium
• High

The above information has been provided for the following countries:

• Norway
• Germany
• France
• Netherlands
• UK
• Sweden