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

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

A distribution panel is a component of an electricity supply system that divides an electrical power feed into subsidiary circuits. It has a protective fuse or circuit breaker for each circuit, in a common enclosure. The distribution panel helps to supply electricity to the subsidiary circuits of home or business, to properly power all of the electrical equipment. Most distribution panels are versatile. A typical electrical distribution board includes the main components like bus bar, fuse links, switches, bypass equipment and residual current detector (RSD).

Market Overview:

The latest research study on the global Distribution Panel market finds that the global Distribution Panel market reached a value of USD 4996.65 million in 2022. It’s expected that the market will achieve USD 7498.12 million by 2028, exhibiting a CAGR of 7.0% during the forecast period.

Development of the global electricity market

With the continuous development of the economy, the global electricity market is also growing year by year. According to World Energy Outlook 2022, global electricity demand rises by 5 900 terawatt-hours (TWh) in the Stated Policies Scenario (STEPS) and over 7 000 TWh in the Announced Pledges Scenario (APS) by 2030, equivalent to adding the current level of demand in the United States and the European Union. In advanced economies, transport is the largest contributor to increased electricity demand as the market share of electric cars rises from about 8% in 2021 to 32% in the STEPS and almost 50% in the APS by 2030. In emerging market and developing economies, population growth and rising demand for cooling contribute to increasing electricity demand. In China, air conditioner ownership expands by around 40% from current levels in the STEPS and APS by 2030. Electricity provides a rising share of total final energy consumption in all economies. Global electricity demand in 2050 is over 75% higher in the STEPS than it is today, 120% higher in the APS and 150% higher in the Net Zero Emissions by 2050 (NZE) Scenario. Electric energy is distributed or controlled through the Distribution Panel, and the development of the electricity market will bring driving force to the Distribution Panel industry.

Region Overview:

In 2021, the share of the Distribution Panel market in United States stood at 27.31%.

Company Overview:

The major players operating in the Distribution Panel market include Eaton, ABB, Legrand, Schneider Electric, CHINTELECTRICS, etc. Among which, Eaton ranked top in terms of sales and revenue in 2022.

ABB Ltd (ABB) is a provider of digital technologies. The company offers products, systems, solutions and services related to electrification products, motion and industrial automation. Its offerings harness power reliability, increase industrial productivity and enhance energy efficiency. ABB sells products through direct sales force and third-party channel partners such as distributors, installers, wholesalers, machine builders and OEMs and system integrators.

The company is the leading enterprise of industrial electrical appliances and new energy in China. The company mainly deals in more than 100 series, more than 5,000 varieties and more than 20,000 specifications of wire and cable, high and low voltage electrical appliances, power transmission and distribution equipment, instruments and meters, electrical products, electrical auxiliary materials, weak current products, smart home and distributed solar photovoltaic.

Segmentation Overview:

Among different product types, Low Voltage segment is anticipated to contribute the largest market share in 2027.

Low Voltage≤1kV.

Medium and High Voltage>1kV.

Application Overview:

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

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

Hager
Industrial Electric Mfg
Arabian Gulf Switchgear
Kawamura Electric, Inc.
TERASAKI
Eaton
Legrand
CHINTELECTRICS
ABB
Siemens
NHP Electrical Engineering
Schneider Electric
ESL Power Systems

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

Low Voltage
Medium and High Voltage

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

Residential
Commercial
Industrial
Others

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)