Press release
Distribution Board Market 2022 Latest Insights, Growth Rate, Future Trends and Forecast | Key Players : Schneider Electric, ABB Ltd., General Electric, Industrial Electric Mfg, Legrand, Siemens
Distribution Board Market
The regions covered in the distribution board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest distribution board share.
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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.
Key competitors in the distribution board market are Schneider Electric, ABB Ltd., General Electric, Industrial Electric Mfg, Legrand, Siemens, ESL Power Systems, East Coast Power Systems, Hager Group, and Larsen & Toubro.
The global distribution board market size is expected to grow from $5.19 billion in 2021 to $6.03 billion in 2022 at a compound annual growth rate (CAGR) of 16.3%. The change in the distribution board market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $8.72 billion in 2026 at a CAGR of 9.7%.
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TBRC's report segments the global distribution board market:
1) By Voltage: Low Voltage, Medium Voltage
2) By Mounting: Flush Mounting, Surface Mounting
3) By End-User: Transmission and Distribution Utilities, Manufacturing and Process Industries, Commercial and Residential Infrastructure, Others
Read Further On The Distribution Board Market Here:
https://www.thebusinessresearchcompany.com/report/distribution-board-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Distribution Board Market Characteristics
3. Distribution Board Market Trends And Strategies
4. Impact Of COVID-19 On Distribution Board
5. Distribution Board Market Size And Growth
.....
27. Distribution Board Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Distribution Board Market
29. Distribution Board Market Future Outlook and Potential Analysis
30. Appendix
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