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In 2022, the distribution board market is predicted to be worth $4.5 billion. Distribution boards are expected to rise from a $4.78 billion market in 2023 to a $7.86 billion market in 2030, a CAGR of 7.40% during the forecast period (2023-2030). Growing urbanisation and demand for electrical network and component protection are fueling the market's expansion.
Electric panel breaker panel or panel board are other names for a distribution board. It is a part of the electrical distribution system that serves to partition the flow of electricity into separate circuits while still housing the necessary circuit breakers in a single enclosure. A distribution board is a component of a power supply that serves to separate a main power circuit from its branch circuits and to provide a fuse for each branch circuit. A main switch and extra residual current breakers with over-current protection reportedly still remain included in new boards. In addition to this, distribution boards are being used extensively in temporary power systems. Distribution boards are categorised by voltage and application on a worldwide scale. The distribution board market is split between low voltage and medium voltage boards. Transmission & distribution utilities, manufacturing & processing industry, commercial & residential, and other end-uses make up the various segments of the market.
The compound annual growth rate (CAGR) of the distribution board market is being pushed forward by the growing need for network and electrical component safety. The government and enterprises are considering the restricted power supply alongside the rising need for protecting electrical components and networks. Growth in the market is expected as a result of rising infrastructure development, rising investment in renewable energy producing facilities, and rising distribution board construction. Increasing output and making distribution boards tailored to each order are two of the producers' top priorities. Because of rising demand for energy in developing countries, the distribution board market is expected to grow. The requirement to safeguard network nodes and other electrical hardware will drive up demand for distribution boards. The global expansion of the distribution boards' market will be driven by the rapid construction of a robust energy infrastructure and the continued need for energy from a wide range of enterprises and expanding building activities. The rising popularity of renewable energy sources like wind and solar, as well as the requirement for distribution boards in the energy utilities sector, will drive up demand worldwide. New potential for market expansion will arise as a result of the broad adoption of smart grid technology and the development of current power infrastructure.
In many electricity management applications, traditional mechanical breakers have been replaced by modern digital circuit breakers, driving market growth. These breakers make power management easier and faster than with mechanical ones. The incorporation of IT and OT (Operational Technology) in many areas to improve the performance of the distribution system is influencing the distribution board market. Manufacturers aim to boost organisational performance and system dependability and effectiveness by focusing on customer satisfaction. Market growth is being fueled by the availability of real-time operating resources in the power grid. Therefore, electric distribution networks are getting more and more attention from OT intelligence for voltage regulators. increasing sales of circuit boards in the market.
However, vendors active in the global market are becoming increasingly concerned about the rising number of product recalls due to product failure and the delay in the execution of power distribution projects. This is made worse by the utilities' inconsistent payment, which has a direct impact on the suppliers' bottom line. Another factor limiting the market's potential is the presence of low-cost substitutes. Companies at the forefront of the distribution boards market are devoting substantial resources to R&D in order to expand their product lines and drive future industry expansion. New product launches, contracts, mergers and acquisitions, increased investment, and partnerships with other businesses are all examples of significant market developments. Market participants are also using a wide range of tactics to strengthen their positions in the industry. In order to succeed in today's increasingly competitive distribution board industry, manufacturers in this field must offer competitively priced goods.
Transmission and distribution system upgrades in Western Europe and North America may account for the market's expansion over the assessment period. In addition, distribution boards have seen widespread application in the electrical grid for ensuring its safety as solar panel deployment has increased thanks to the focus of various governments on encouraging and optimising the use of renewable energy with the goal of maintaining a clean & environment. This, in turn, will direct the market's future expansion in this area.
Report Coverage
Global Distribution Boards research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Distribution Boards report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Distribution Boards competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Distribution Boards market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Distribution Boards market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Distribution Boards market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
General Electric Inc., Havells India Limited, Lewden Palazzoli, Sterlite Power Transmission Ltd., Siemens AG, Larsen & Toubro Limited, Blakley Electrics, Legrand, ESL Power Station
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Distribution Boards market based on the below-mentioned segments:
Global Distribution Boards Market, By Voltage Type
Low Voltage
Medium Voltage
Global Distribution Boards Market, By End User
Transmission & Distribution Utilities
Manufacturing & Processing Industry
Commercial & Residential Sector
Global Distribution Boards market, Regional Analysis
Electric panel breaker panel or panel board are other names for a distribution board. It is a part of the electrical distribution system that serves to partition the flow of electricity into separate circuits while still housing the necessary circuit breakers in a single enclosure. A distribution board is a component of a power supply that serves to separate a main power circuit from its branch circuits and to provide a fuse for each branch circuit. A main switch and extra residual current breakers with over-current protection reportedly still remain included in new boards. In addition to this, distribution boards are being used extensively in temporary power systems. Distribution boards are categorised by voltage and application on a worldwide scale. The distribution board market is split between low voltage and medium voltage boards. Transmission & distribution utilities, manufacturing & processing industry, commercial & residential, and other end-uses make up the various segments of the market.
The compound annual growth rate (CAGR) of the distribution board market is being pushed forward by the growing need for network and electrical component safety. The government and enterprises are considering the restricted power supply alongside the rising need for protecting electrical components and networks. Growth in the market is expected as a result of rising infrastructure development, rising investment in renewable energy producing facilities, and rising distribution board construction. Increasing output and making distribution boards tailored to each order are two of the producers' top priorities. Because of rising demand for energy in developing countries, the distribution board market is expected to grow. The requirement to safeguard network nodes and other electrical hardware will drive up demand for distribution boards. The global expansion of the distribution boards' market will be driven by the rapid construction of a robust energy infrastructure and the continued need for energy from a wide range of enterprises and expanding building activities. The rising popularity of renewable energy sources like wind and solar, as well as the requirement for distribution boards in the energy utilities sector, will drive up demand worldwide. New potential for market expansion will arise as a result of the broad adoption of smart grid technology and the development of current power infrastructure.
In many electricity management applications, traditional mechanical breakers have been replaced by modern digital circuit breakers, driving market growth. These breakers make power management easier and faster than with mechanical ones. The incorporation of IT and OT (Operational Technology) in many areas to improve the performance of the distribution system is influencing the distribution board market. Manufacturers aim to boost organisational performance and system dependability and effectiveness by focusing on customer satisfaction. Market growth is being fueled by the availability of real-time operating resources in the power grid. Therefore, electric distribution networks are getting more and more attention from OT intelligence for voltage regulators. increasing sales of circuit boards in the market.
However, vendors active in the global market are becoming increasingly concerned about the rising number of product recalls due to product failure and the delay in the execution of power distribution projects. This is made worse by the utilities' inconsistent payment, which has a direct impact on the suppliers' bottom line. Another factor limiting the market's potential is the presence of low-cost substitutes. Companies at the forefront of the distribution boards market are devoting substantial resources to R&D in order to expand their product lines and drive future industry expansion. New product launches, contracts, mergers and acquisitions, increased investment, and partnerships with other businesses are all examples of significant market developments. Market participants are also using a wide range of tactics to strengthen their positions in the industry. In order to succeed in today's increasingly competitive distribution board industry, manufacturers in this field must offer competitively priced goods.
Transmission and distribution system upgrades in Western Europe and North America may account for the market's expansion over the assessment period. In addition, distribution boards have seen widespread application in the electrical grid for ensuring its safety as solar panel deployment has increased thanks to the focus of various governments on encouraging and optimising the use of renewable energy with the goal of maintaining a clean & environment. This, in turn, will direct the market's future expansion in this area.
Report Coverage
Global Distribution Boards research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Distribution Boards report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Distribution Boards competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Distribution Boards market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | General Electric Inc., Havells India Limited, Lewden Palazzoli, Sterlite Power Transmission Ltd., Siemens AG, Larsen & Toubro Limited, Blakley Electrics, Legrand, ESL Power Station |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Distribution Boards Market from 2021 to 2030.
- Market Forecast for Distribution Boards Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Distribution Boards competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Distribution Boards
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Distribution Boards market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Distribution Boards market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
General Electric Inc., Havells India Limited, Lewden Palazzoli, Sterlite Power Transmission Ltd., Siemens AG, Larsen & Toubro Limited, Blakley Electrics, Legrand, ESL Power Station
Primary Target Market
- Market Players of Distribution Boards
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Distribution Boards market based on the below-mentioned segments:
Global Distribution Boards Market, By Voltage Type
Low Voltage
Medium Voltage
Global Distribution Boards Market, By End User
Transmission & Distribution Utilities
Manufacturing & Processing Industry
Commercial & Residential Sector
Global Distribution Boards market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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