Distribution Board Market Size and Forecast 2023-2032 | Industry overview, Latest Trends and Growth Analysis

The Business Research Company's Distribution Board Global Market Report 2023 identifies a 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 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. According to the World Energy Outlook, global electricity demand is expected to increase at 2.1% per year until 2040, double the rate of primary energy growth.

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 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The distribution board market size is expected to grow to $9.27 billion in 2027 at a CAGR of 8.4%.

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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 distribution board market consists of sales of low voltage distribution boards, medium voltage distribution boards, and other distribution boards. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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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, 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.

The Business Research Company's "Global Distribution Board Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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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

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