Global Distribution Boards Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Distribution Boards Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A distribution board is a component of an electricity supply system that divides an electrical power feed into subsidiary circuits while providing a protective fuse or circuit breaker for each circuit in a common enclosure.

Market Overview:

The latest research study on the global Distribution Boards market finds that the global Distribution Boards market reached a value of USD 4294.75 million in 2022. It’s expected that the market will achieve USD 5804.88 million by 2028, exhibiting a CAGR of 5.15% during the forecast period.

Distribution Boards Growth Drivers

Distribution Boards are power distribution equipment composed of panels, fuses, circuit breakers and earth leakage protection devices, which are mainly used to distribute power to many individual circuits or consumer points. Most of them are composed of a panel or shell and equipped with an input feeder cable. Then distribute the power to several small circuit breakers or, in the case of older circuit boards, to different consumption points or circuit fuses. The core function of any distribution board is to allow a single circuit to get power from a correctly rated circuit breaker and isolate these circuits without interrupting the rest of the power supply. But most importantly, the distribution board can protect users and equipment from electric shock or fire caused by ground fault.

Distribution Boards are one of the basic equipments in the distribution network. According to the angle of phase number, distribution boards can be divided into single-phase distribution boards and three-phase distribution boards. Among them, single-phase Distribution Boards are mainly used in residential buildings, small commercial buildings and other fields, and three-phase distribution boards are the mainstream products in the current distribution boards market, mainly used in medium and large commercial buildings, industries and other fields.

In recent years, with the development of global power industry, the market scale of three-phase distribution boards has gradually expanded. With the increasing attention paid by the state to power grid construction, it is expected that the market demand of three-phase distribution boards will be released continuously in the future, and the industry will have a broad development space in the future.

Region Overview:

From 2022-2027, China is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Eaton, ABB, Legrand with the revenue market share of 2.86%, 2.41%, 2.26% in 2020.

Eaton Corporation provides power management solutions. The Company offers electrical and industrial components, fire detection systems, wiring devices, circuit protection, and lighting products to aerospace, automotive, filtration, hydraulics, and plastic extrusion industries.

ABB Limited provides power and automation technologies. The Company operates under segments that include power products, power systems, automation products, process automation, and robotics.

Segmentation Overview:

Among different product types, Main Distribution Boards segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Residential segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Distribution Boards market covered in Chapter 3:

TERASAKI
Eaton
Hager
ABB
IEM
NHP Electrical Engineering Products Pty Ltd
AGS
CHINTELECTRICS
Schneider Electric
Huapeng Group
Legrand
Siemens
Kawamura Electric, Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Distribution Boards market from 2018 to 2029 is primarily split into:

Main Distribution Boards
Emergency Distribution Boards

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Distribution Boards market from 2018 to 2029 covers:

Commerical
Industrial
Residential

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)