Global Distribution Board Market Size, Forecasts, And Opportunities
Learn about the global distribution board market through The Business Research Company, which provides information on distribution board market size, distribution board market drivers and restraints, distribution board market players, the COVID-19 impact on the distribution board market, and more.
The global distribution board market is expected to grow from $4.39 billion in 2020 to $5.19 billion in 2021 at a compound annual growth rate (CAGR) of 18.2%. The growth is mainly due to increase in electricity demand which can be attributed to the growing urbanization and growing demand for electronics. The market is expected to reach $8.01 billion in 2025 at a CAGR of 11.5%.
The increasing electricity demand is expected to drive innovation in distribution board manufacturing, thus driving the market during the forecast period.
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The distribution board market consists of sales of distribution boards by entities (organizations, sole traders, and partnerships) that manufacture low voltage and medium voltage distribution boards. A distribution board (also known as a panel board, breaker panel, or electric panel) is a part of an electric distribution network that splits an electrical power flow into separate channels while supplying every circuit with a protective fuse or circuit breaker in a single frame.
Global distribution board market segments include:
By Voltage: Low Voltage, Medium Voltage
By Mounting: Flush Mounting, Surface Mounting
By End-User: Transmission And Distribution Utilities, Manufacturing And Process Industries, Commercial And Residential Infrastructure, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the distribution board market in 2020.
Smart panel board is a key trend shaping the distribution board market. Smart panel boards detect and communicate switchgear health statistics and energy usage and share the data over several network protocols. Smart panel boards can save operating costs, improve safety, and anticipate future incidents.
TBRC’s distribution board market report covers:
Major Market Players: Schneider Electric, ABB Ltd., General Electric, Industrial Electric Mfg, Legrand, Siemens, ESL Power Systems, East Coast Power Systems, Hager Group, Larsen & Toubro, Arabian Gulf Switchgear Ltd, Blakley Electrics, EAMFCO, Havells India Ltd, INDU-Electric Gerber GmbH, Meba Electric, Norelco, and OEZ.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Distribution Board Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides distribution board market overviews, analyzes and forecasts market size, share, distribution board market players, distribution board market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s distribution board market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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