The report on the global distribution board market provides qualitative and quantitative analysis for the period from 2021-2030. The global distribution boards market was valued at USD 3.84 billion in 2022 and is expected to reach USD 6.41 billion in 2030, with a CAGR of 5.83% during the forecast period 2023-2030. The study on distribution board market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.
A distribution board or Distribution Panel (DP) is an important part of an electricity supply system. Due to continuous worldwide developments in urbanization and industrialization, infrastructure development has increased ultimately increasing the use of distribution boards. The demand for electricity distribution and power management systems is increasing as more infrastructural development such as construction is taking place. Another factor driving the market of distribution board market is the rising focus on sustainable energy sources and the integration of renewable energy systems, such as solar panels and wind turbines, into the power grid. According to the international energy agency, “By 2026, it is predicted that global renewable electricity capacity would have increased by more than 60% from 2020 levels to over 4 800 GW, which is equivalent to the current combined global capacity of nuclear and fossil fuels. As a result, the market for distribution boards has the potential to expand in the future.
The global distribution boards market is bifurcated By Current Rating, Application, Mounting Type, and Material Type. Application is further bifurcated into Residential, Commercial, Industrial, and Others. The Residential segment is anticipated to grow at a faster rate during the forecast period. The residential sector is driving the expansion of the distribution board market. This rise is being fuelled by factors including urbanization, a rising middle-class, construction projects, government efforts, and a greater emphasis on energy efficiency and security. The need for distribution boards in residential structures is growing as more individuals relocate to cities in search of contemporary residences with cutting-edge electrical systems. Government initiatives supporting the construction of infrastructure and affordable housing also aid in the market's expansion. The adoption of advanced distribution boards is further fuelled by homeowners' awareness of energy conservation and safety, making the residential sector a crucial factor in the market's explosive expansion.
The global distribution boards market is segmented into the Asia Pacific, North America, Europe, the Middle East & Africa, and South America. Asia Pacific is predicted to dominate the market. The need for distribution boards in the residential, commercial, and industrial sectors has been spurred by rapid urbanization and infrastructural development in nations such as China, India, and Southeast Asian countries. The region's expanding population and increasing energy requirements have led to escalated electricity consumption, creating a significant market for efficient power distribution solutions. Governments in the Asia Pacific region are also actively encouraging the use of renewable energy sources and investing in energy infrastructure, which is fueling demand for sophisticated distribution boards that support smart grid integration and energy efficiency.
2. Internal and External subject matter experts
3. Professionals and participants from the industry
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives.
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
2. Complete coverage of all the segments in the distribution board market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global distribution board market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
A distribution board or Distribution Panel (DP) is an important part of an electricity supply system. Due to continuous worldwide developments in urbanization and industrialization, infrastructure development has increased ultimately increasing the use of distribution boards. The demand for electricity distribution and power management systems is increasing as more infrastructural development such as construction is taking place. Another factor driving the market of distribution board market is the rising focus on sustainable energy sources and the integration of renewable energy systems, such as solar panels and wind turbines, into the power grid. According to the international energy agency, “By 2026, it is predicted that global renewable electricity capacity would have increased by more than 60% from 2020 levels to over 4 800 GW, which is equivalent to the current combined global capacity of nuclear and fossil fuels. As a result, the market for distribution boards has the potential to expand in the future.
The global distribution boards market is bifurcated By Current Rating, Application, Mounting Type, and Material Type. Application is further bifurcated into Residential, Commercial, Industrial, and Others. The Residential segment is anticipated to grow at a faster rate during the forecast period. The residential sector is driving the expansion of the distribution board market. This rise is being fuelled by factors including urbanization, a rising middle-class, construction projects, government efforts, and a greater emphasis on energy efficiency and security. The need for distribution boards in residential structures is growing as more individuals relocate to cities in search of contemporary residences with cutting-edge electrical systems. Government initiatives supporting the construction of infrastructure and affordable housing also aid in the market's expansion. The adoption of advanced distribution boards is further fuelled by homeowners' awareness of energy conservation and safety, making the residential sector a crucial factor in the market's explosive expansion.
The global distribution boards market is segmented into the Asia Pacific, North America, Europe, the Middle East & Africa, and South America. Asia Pacific is predicted to dominate the market. The need for distribution boards in the residential, commercial, and industrial sectors has been spurred by rapid urbanization and infrastructural development in nations such as China, India, and Southeast Asian countries. The region's expanding population and increasing energy requirements have led to escalated electricity consumption, creating a significant market for efficient power distribution solutions. Governments in the Asia Pacific region are also actively encouraging the use of renewable energy sources and investing in energy infrastructure, which is fueling demand for sophisticated distribution boards that support smart grid integration and energy efficiency.
Report Findings
1) Drivers
- With increased construction activities and infrastructure development, there is a growing need for electricity distribution.
- The rising focus on sustainable energy sources and the integration of renewable energy systems contributed to the demand for distribution board.
2) Restraints
- High installation cost can hamper the market growth of distribution board market.
3) Opportunities
- Integration of IoT and smart technologies into electrical distribution systems creates an opportunity for the distribution boards market.
Research Methodology
A) Primary Research
The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents.The primary respondents are approached include
1. Key Opinion Leaders2. Internal and External subject matter experts
3. Professionals and participants from the industry
The primary research respondents typically include
1. Executives working with leading companies in the market under review2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.The secondary sources of the data typically include
1. Company reports and publications2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
Segment Covered
The global distribution board market is segmented on the basis of current ratings, application, mounting type, and material type.The Global Distribution Board Market by Current Ratings
- < 100A
- 100A-300A
- 300A -600A
- Above 600A
The Global Distribution Board Market by Application
- Commercial
- Industrial
- Residential
- Others
The Global Distribution Board Market by Mounting Type
- Direct Mount
- Flush
- Hollow Wall
- Surface
- Others
The Global Distribution Board Market by Material Type
- ABS
- Polycarbonate
- Sheet Steel
Company Profiles
The companies covered in the report include- ABB
- Eaton
- ESL POWER SYSTEMS, INC.
- Hager Group
- LARSEN & TOUBRO LIMITED
- Siemens
- Schneider Electric
- NHP Electrical Engineering Products
- Rockwell Automation, Inc.
- Legrand
What does this Report Deliver?
1. Comprehensive analysis of the global as well as regional markets of the distribution board market.2. Complete coverage of all the segments in the distribution board market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global distribution board market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Table of Contents
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Global Distribution Board Market Overview
Chapter 5. Company Profiles and Competitive Landscape
Chapter 6. Global Distribution Board Market by Current Ratings
Chapter 7. Global Distribution Board Market by Application
Chapter 8. Global Distribution Board Market by Mounting Type
Chapter 9. Global Distribution Board Market by Material Type
Chapter 10. Global Distribution Board Market by Region 2023-2030
Companies Mentioned
- ABB
- Eaton
- ESL POWER SYSTEMS, INC.
- Hager Group
- LARSEN & TOUBRO LIMITED
- Siemens
- Schneider Electric
- NHP Electrical Engineering Products
- Rockwell Automation, Inc.
- Legrand
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 300 |
| Published | August 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value in 2022 | 3.84 Billion |
| Forecasted Market Value by 2030 | 6.41 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
