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Distribution Boards Market Research Report: Information By Voltage Rating, End User, And By Region - Forecast Till 2031
Distribution Board Market
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The global distribution board market report by the business research company identifies the increasing electricity demand is expected to fuel the growth of the distribution board market in the coming years to be a major growth driver for the Distribution Board market. Electricity is a form of energy that can be transmitted through wires and is used for heating, lighting, and machine power. As a result of increased household incomes, electrification of transportation and heat, and increasing demand for digitally connected devices and air conditioning, electricity demand is expected to rise even further. The electrical power is supplied within the building through a distribution board (DB). The primary supply cable enters the board and is dispersed to the breakers, which subsequently distribute it to all of the circuits.
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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The distribution board market is expected to reach $8.01 billion in 2025 at a CAGR of 11.5%.
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Asia Pacific was the largest region in the distribution board market in 2020. The regions covered in the distribution board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major players 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, Larsen & Toubro, Arabian Gulf Switchgear Ltd, Ba'amer Electric, Blakley Electrics, EAMFCO, Havells India Ltd, INDU-Electric Gerber GmbH, Meba Electric, Norelco, and OEZ.
The global distribution board market is segmented -
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
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The Distribution Board Market Report Contents Include
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
....
26. Africa Distribution Board Market
27. Distribution Board Market Competitive Landscape And Company Profiles
28. Distribution Board Pipeline Analysis
29. Key Mergers And Acquisitions In The Distribution Board Market
30. Distribution Board Market Future Outlook and Potential Analysis
31. Appendix
This report covers the trends and market dynamics of the Distribution Board market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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