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Global Distribution Board Market Growth, Share, Size, Trends, and Forecast (2023 - 2032) | Schneider Electric, ABB Ltd., General Electric, Industrial Electric Mfg, Legrand
Distribution Board Market Report
As per the distribution board market report by The Business Research Company, the increasing electricity demand is expected to fuel the growth of the distribution board market in the coming years. 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 global distribution board market size grew from $5.97 billion in 2022 to $6.71 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The distribution board market size is expected to grow to $9.27 billion in 2027 at a CAGR of 8.4%.
Read More On The Distribution Board Market Report Here:
https://www.thebusinessresearchcompany.com/report/distribution-board-global-market-report
Major competitors in the distribution board market include 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 distribution board market is segmented -
•By Voltage: Low Voltage, Medium Voltage
•By Mounting: Flush Mounting, Surface Mounting
•By End-User: Transmission And Distribution Utilities, Manufacturing And Process Industries, Commercial And Residential Infrastructure, Other End-Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the distribution board market.
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A distribution board (also known as a panel board, breaker panel, or electric panel) is defined as 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.
The Table Of Content For The Distribution Board Market Include:
1. Executive Summary
2. Distribution Board Market Characteristics
3. Distribution Board Market Trends And Strategies
4. Distribution Board Market - Macro Economic Scenario
5. Distribution Board Market Size And Growth
……
26. Africa Distribution Board Market
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
The "Global Distribution Board Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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