Learn about the global switchboard market through The Business Research Company, which provides information on switchboard market size, switchboard market drivers and restraints, switchboard market players, the COVID-19 impact on the switchboard market, and more.

The global switchboard market size is expected to grow from $83.49 billion in 2021 to $92.25 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The switchboard market is expected to reach $125.92 billion in 2026 at a CAGR of 8.1%.

Increasing manufacturing efficiency of products for longer durability increases demand for the switchboards.

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The switchboard market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out design, manufacturing, and sales of Switchboard. The market also consists of sales of switchboards and related services for distribution of electricity from one electrical source to another electrical source. Switchboards refer to the power distribution process system which consists of panels with different switches and indicators to direct and control electricity for functioning in circuits.

Global Switchboard Market Segments Include:
By Type: Low-Voltage, Middle-Voltage, High-Voltage

By Product Standard: IEC Standard, ANSI Standard

By End-User: Industrial, Residential, Commercial, Other

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 switchboard market in 2021.

Ethernet connected switchboards are widely being used in household and commercial buildings to save energy and reduce maintenance costs. Switchboards can be connected to a computer through an Ethernet cable. Electricity use, system status and other data is transmitted to the computer through the Ethernet cable. Data obtained on the computer is analyzed by energy experts and suggestions to minimize energy consumption.

TBRC’s switchboard market report covers:

Major Market Players: ABB, Mitsubishi Electric, Schneider Electric, Emerson Process Management, Rockwell Automation, Siemens, Powerwell, Gedac Electric, Kounis, and Aussie Switchboards.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Switchboard Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides switchboard market overviews, analyzes and forecasts market size, share, switchboard market players, switchboard market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s switchboard market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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