The growth in global distribution board is mainly driven by the enormous growth in the construction industry to accomplish the thriving needs of the rising population. This factor has led to the growing demand for power supply, giving rise to the power transmission & distribution market, which simultaneously has driven the market for electricity supply system products such as distribution board’s panel-board, breaker panel, or electric panel.
Distribution Boards Market is expected to grow over the CAGR of around 6% during the period 2017 to 2023
The key players of drill pipe market are
- Eaton Corporation PLC (Ireland),
- General Electric Corp (USA),
- Siemens (Germany),
- ABB Group (Switzerland),
- Schneider Electric (France),
- Larsen & Toubro (India),
- Legrand (France),
- Hager (Germany),
- NHP Electrical Engineering Products Pty. Ltd. (Australia),
- Industrial Electric Mfg. (USA).
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Market Research Analysis
The Asia-Pacific region is expected to lead t the distribution boards market due to the comprehensive development in this region. The urbanization and industrialization growth in these region is compelling, which will have a great impact on the demand for distribution boards market. China dominated the global distribution boards market till 2016, owing to the large scale advancement of electrical infrastructure and installation of new transmission & distribution lines. China and India are estimated to be the fastest-growing markets for distribution panel boards in the region from 2017 to 2023.
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Scope of the Report
This study provides an overview of the global distribution boards market, tracking five market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global distribution boards market by its cooling method, end user, reactive power rating, starting method, product type and by regions.
By Voltage Rating
- Low Voltage
- Medium Voltage
- Transmission & Distribution Utilities
- Manufacturing & Processing Industry
- Commercial & Residential Sector
- North America
- Asia Pacific
- Rest of the World
The growth in global distribution board is mainly attributed to the enormous growth of the construction industry to accomplish the thriving needs of the rising population. This factor has led to growing demand for power supply, giving rise to the power transmission & distribution market, which simultaneously has driven the market for electricity supply system products such as distribution board’s panel-board, breaker panel, or electric panel. Delays in grid expansion projects are restraining the growth of the distribution boards market. These delays create fear among dealers involved in the projects, as they prolong the delivery cycles. They also affect the financial condition of the dealers, owing to delay payments from utilities. This hinders the requirement for substations and distribution boards.
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