openPR Logo
Press release

North America will Emerge as the largest Market with Respect to Power Distribution Modules, Fact.MR Study

02-17-2021 12:34 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

North America will Emerge as the largest Market with Respect

Commercial vehicles are generally considered high fuel consuming vehicles. In recent years, demand for power-efficient vehicles has increased, owing to rise in freight transport across the world. The need of the hour is highly secured and efficient power distribution. Furthermore, intelligent power distribution modules will be used in all commercial vehicles in the years to follow. Manufacturers in the power distribution module market are deploying their resources to develop high-power voltage solutions for commercial vehicles. This is in accordance with the ban on diesel-powered vehicles in certain countries, which will further drive the market for efficient intelligent power distribution modules in commercial vehicles.

Browse Full Report, visit: https://www.factmr.com/report/3363/vehicle-power-distribution-module-market

Furthermore, restructuring of the commercial vehicle industry with respect to efficient and eco-friendly power sources is boosting demand for power distribution modules. High potential markets such as India, Africa, and China are revamping their commercial vehicle architecture. This is due to increased usage of public transport by people and demand from automobile manufacturers for efficient transport vehicles.

The global power distribution module market is projected to create an absolute $ opportunity of more than US$ 3.8 Bn, and is anticipated to surpass a valuation of US$ 8 Bn by the end of 2030.

Request a report sample to gain valuable insights: https://www.factmr.com/connectus/sample?flag=S&rep_id=3363

Key Takeaways from Power Distribution Module Market Study

By product type, sealed power distribution modules are set to hold a share-wide market dominance with over 66% of the total market value by the end of the forecast period.

Intelligent power distribution modules are projected to expand at a value CAGR of 7.5%, and be valued 2X more than off-shore by the end of 2030.

Sales through collaborations with OEMs are poised to expand at a CAGR of 7%, gaining 170 BPS over the course of 2020-2030.

The power distribution module market in Europe is expected to progress at a CAGR of 6.5%, whereas, North America is projected to be valued 10X times Latin America, and is estimated to account for a major chunk of the demand pie by the end of the forecast period. 

The outbreak of COVID-19 has impacted demand in the global automotive industry and other associated products, as a result of nation-wide lockdowns, which have had a significant effect on production and supply chains. This has resulted in short-term decline in the sales of power distribution modules across North America, Europe, and East Asia.

For More Detailed Information about Methodology: https://www.factmr.com/connectus/sample?flag=RM&rep_id=3363

“Integration of smart devices in commercial vehicles will provide an opportunity for the power distribution module market during the forecast period”, says a Fact.MR analyst.

Key Players to Focus on Product Innovation

Globally established players in the power distribution module market are Leoni AG, TE Connectivity, Sumitomo Wiring Systems Ltd, Lear Corporation, Littlefuse Inc., Eaton Corporation, and Curtis Wright

Key players in the market are continuously focusing on product innovation to gain market share and create a USP in this highly competitive market. In the recent past, the power distribution module market has seen numerous innovations. For instance, GEP power products launched a new DC power distribution module for commercial vehicle application, in 2020. This new product is an upgrade from the previous product for better handling of high voltages with a compact design.

Find More Valuable Insights on Power Distribution Module Market

Fact.MR, in its new offering, brings to fore an unbiased analysis of the global power distribution module market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges compelling insights on the power distribution module market based on product type (sealed, intelligent, and others), sales channel (OEM and aftermarket), current rating (200 amps), and application (construction equipment, agriculture vehicles, trucks and buses, powersports, industrial vehicles, recreational vehicles, marine, and others), across six major regions.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at: https://www.factmr.com/connectus/sample?flag=AE&rep_id=3363

 

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release North America will Emerge as the largest Market with Respect to Power Distribution Modules, Fact.MR Study here

News-ID: 2243490 • Views:

More Releases from Fact.MR

Insulated Drinkware Market to Hit USD 2.57 Billion by 2033 | YETI, Thermos L.L.C., Hydro Flask Lead - Fact.MR
Insulated Drinkware Market to Hit USD 2.57 Billion by 2033 | YETI, Thermos L.L.C …
The global insulated drinkware market was valued at US$ 1.39 billion in 2023 and is forecasted to expand at a 6.3% CAGR over the next ten years. Worldwide sales of insulated drinkware are projected to reach US$ 2.57 billion by 2033-end.This robust growth is driven by increasing consumer awareness of sustainability, rising participation in outdoor activities, and the growing demand for reusable, eco-friendly products amid bans on single-use plastics. The market
Digital Twin Market is Growing at a CAGR of 34.3% d by 2033 | Key Players: ABB Ltd, ANSYS, Inc, AT&T Inc, AVEVA Group plc, Bentley Systems
Digital Twin Market is Growing at a CAGR of 34.3% d by 2033 | Key Players: ABB L …
Digital Twin Market is valued at USD 5 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 34.3%, reaching USD 95 billion by 2033. This explosive growth is driven by the increasing adoption of digital twins across industries to optimize operations, reduce costs, and enhance decision-making through virtual replicas of physical assets. Digital twins integrate IoT, AI, and data analytics to simulate real-world
Hemato Oncology Testing Market is Forecasted to Reach USD 23.64 Billion by 2033 | Fact.MR Report
09-02-2025 | Health & Medicine
Fact.MR
Hemato Oncology Testing Market is Forecasted to Reach USD 23.64 Billion by 2033 …
The global hemato oncology testing market is valued at USD 4.33 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 18.5%, reaching USD 23.64 billion by 2033. This rapid growth is driven by the increasing prevalence of blood-related cancers, such as lymphoma and leukemia, and advancements in diagnostic technologies like next-generation sequencing (NGS) and polymerase chain reaction (PCR). Hemato oncology testing plays a
Osseointegration Implants Market is Anticipated to Reach USD 6.85 Billion by 2035
09-02-2025 | Health & Medicine
Fact.MR
Osseointegration Implants Market is Anticipated to Reach USD 6.85 Billion by 203 …
Osseointegration Implants Market is poised for robust growth, with its valuation projected to rise from USD 3.17 billion in 2025 to USD 6.85 billion by 2035, reflecting a compound annual growth rate (CAGR) of 8%. This expansion is driven by the increasing prevalence of orthopedic and dental disorders, such as osteoarthritis, rheumatoid arthritis, and edentulism, which necessitate advanced implant solutions. Osseointegration implants, which fuse directly with bone to provide stable

All 5 Releases


More Releases for America

Deodorants Market Report by Region (North America, EMEA, Latin America, Asia)
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Deodorants market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%), compound
Sequestrant Market Report by Region (North America, EMEA, Latin America, Asia)
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Sequestrant market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%), compound
Buttermilk Market Study by Region (North America, Latin America, Europe, Asia, M …
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Buttermilk market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%),
Masterbatches Market Study by Region (North America, Latin America, Europe, Asia …
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Masterbatches market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%),
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market Summary The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements. Gaucher Disease market size to maintain the average annual growth