Global Distribution Boards Market Size, Share, Growth, and Forecast Report 2030

In 2022, the size of the global distribution boards market was estimated to be $6.11 billion, and it is expected to reach $12.71 billion by the end of 2030 with a CAGR of roughly 12.4% between 2023 and 2030.

The study on the market is a vital resource for information on growth factors, difficulties, and restraints in the global marketplace, as well as opportunities. The research covers the market on a regional scale in addition to providing an in-depth examination of the competitive landscape. In addition to this, the research investigates the investor and stakeholder area in order to assist organizations in making decisions based on data.

The Global Market for Distribution Boards: An Overview

There are a few other names for a distribution board: an electric panel breaker panel, a panel board, and a panel board. It is a component of an electric distribution network that splits an electric power flow into various channels while simultaneously supplying each circuit with a circuit breaker in a single frame. It does this while maintaining the integrity of the overall network. To be more specific, a distribution board is a component of a power supply that is responsible for separating an electrical power feed into additional circuits while also providing a fuse for each of these circuits to act as a safety measure. According to reports, new circuit boards continue to incorporate both a main switch and additional residual current breakers equipped with over-current safety. In addition to this, distribution boards are discovering a wide variety of uses in the realm of temporary electrical installations.

Distribution Boards Market: Growth Factors

Over the course of the upcoming timeframe, there will be an increasing demand for protecting electrical components and networks in order to enrich the global industry.

The insatiable demand for the protection of electrical components, networks, and the limited supply of electricity will be the primary factor driving market trends worldwide. In addition to this, a rise in the allocation of funding to renewable energy-producing units and a penetration of distribution boards in construction, as well as infrastructural growth activities, will prop up the market landscape. This is because distribution boards are becoming more prevalent in buildings. The emphasis of manufacturers these days is on expanding their production capacities and building individualized distribution boards. These kinds of activities will make it possible for the market for distribution boards to experience exponential growth over the course of the next couple of years.

Distribution Boards Market: Segmentation

The market for distribution boards is broken down into submarkets based on voltage type, end-user, and geographic region.

The global market for distribution boards can be broken down into low-voltage and medium-voltage segments, depending on the type of voltage being used. It would appear that the medium voltage category is expected to record the highest CAGR during the period of time covered by the prediction. The increase in investments in transmission and distribution infrastructure, construction and infrastructure activities, and renewable power units can be attributed to the segmental surge that is expected to occur during the course of the projected period. A significant increase in demand for medium voltage distribution boards in the industrial and commercial sectors will drive the segmental boom in the years to come.

Insights into the Regional Markets for Distribution Boards

During the period 2023-2030, the Distribution Boards Market in Asia-Pacific is Expected to Experience Tremendous Growth.

During the course of the forecast period, it is anticipated that the Asia-Pacific region will maintain its preeminent position in the worldwide distribution boards market growth. It is possible that an increase in the use of distribution boards in the building and manufacturing industries of the Asia-Pacific region will be a contributing factor to the expansion of the regional market in the years to come. It is anticipated that a significant increase in the activity of production activities and the exploration of oil and gas reserves would be the driving forces behind the regional market trends.

Distribution Boards Market: Competitive Insights

The distribution boards industry profiles key participants such as:

Beluk GmbH
Hager Group
Siemens AG
Schneider Electric SE
ABB Ltd.
Legrand
Eaton Corporation
DEVCO Engineering Technologies Private Limited
General Electric Corporation
Larsen Toubro Limited
Havells India Limited
ESL Power Systems
D'Mak Energia Private Limited
Radwell International
Industrial Electric MFG
ALSTOM Grid GmbH
Wavecon Systems LLP
Arabian Gulf Switchgear
Alfred Kuhse GmbH
Becker Mining Systems AG
Indu-Electric Gerber GmbH.

The global distribution boards market is segmented as follows:

By Voltage Type

Low voltage
Medium Voltage
By End-User

Transmission Distribution Utilities
Manufacturing Processing Industry
Commercial Residential Sector
By Region

North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East Africa
GCC
South Africa
Rest of Middle East Africa