The Global Distribution Boards Market size is expected to reach market growth in the forecast period of 2020 to 2025, with a CAGR of 6.4 % in the forecast period of 2020 to 2025.
The Distribution Boards Market research report delivers a comprehensive analysis on the newest market drivers. The report also offers extracts regarding statistics, market valuation and revenue estimates, which further strengthens its status in the competitive spectrum and growth trends embraced by leading manufacturers in the business.
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Market Analysis of Distribution Boards –
The distribution board has known also as a panel board or electric panel breaker. It’s an aspect of the composition of electricity supply which segments a feed of electrical power into the supplementary circuits, however providing a circuit breaker or protecting fuse for all of the circuits in a field which is widespread. More often than not, in the new boards, the main switch and the additional current breakers which is residual with the current protection which have been integrated too. The distribution boards have been used generally on the provisional installations of electricity.
On end user basis, the global distribution board market has been divided into the residential and commercial sector, utilities & transmission and distribution sectors along with the manufacturing and processing industries and a few others which include the transportation, marine, mining and offshore applications. The transmission has recorded leading and distribution utilities segments which lead the market size.
Distribution Boards Manufacturers:
The key players in the global distribution boards market are,
- Siemens AG
- ABB Ltd
- Schneider Electric SE
- General Electric
- Eaton Corporation
Distribution Boards Market Key Segments:
By Voltage Rating: Low Voltage, Medium Voltage
By End-User: Transmission & Distribution Utilities, Manufacturing & Process Industries, Commercial & Residential Infrastructure, Others, including Marine, Mining, Offshore, Transportation, and Power Generation
Growth In Construction Market Driving The Global Distribution Boards Market
The development has been mainly because of the massive growth which is happening in the industry of construction for the fulfilling the growing necessities of the population rising at a rapid rate. As a consequence, this has in turn led to the rise in the demand for the supply of power which has given rise to the diffusion of power and the market of distribution which at a point had been aggravating this market for the products such as panel-board, breaker panel, distribution boards or electric panels. The distribution board market has been categorized on the basis of the low as well as medium voltage. The global distribution boards market all over the world for the medium voltage segment has been expected to grow at the greatest pace in the years to come by. This is mostly because of the rising and stable investment which is taking place in the renewable energy as well as growth in general particularly in the construction sector. Most of this growth has been taking place in the developing countries such as India, South Africa and Nigeria and is going to compel the market of distribution boards market to grow at a higher pace in the forecast period.
Asia Pacific To See Maximum Growth In The Global Distribution Boards Market
The region of Asia Pacific has been expected to lead the global distribution boards market and this is because of a lot of factors like the initiatives which have been taking place because of the effectual smart grid, industrialization, higher investments and urbanization in the upgrading of distribution and transmission infrastructure, energy efficiency measures and the renewable projects. The global distribution board market has been showing a good amount of growth in the last few years in the region of North America as well and has been expected to show significant growth in future as well.
Transmission and distribution in the developed economies in North America and Europe has been considered to be obsolete and aging. The economies have been developing grids and replacing the older installations. The funds in the offshore wind farms which have been increasing their ability have also been expected to drive the growth of the global distribution boards market globally. The major regions which exist in the market are Asia Pacific, Europe, Africa, Middle East, North America and South America.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
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