The global distribution boards market is estimated to record a market size of USD 4.33 Billion in 2016 and is projected to grow at a CAGR of 6.4% from 2016 to 2021, to reach USD 5.91 Billion by 2021. Market growth is driven by factors such as the growing need to protect electrical components and networks, increasing global electricity demand, subsequent investments in renewable power plants, and increasing construction and infrastructural activities across the globe.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the electric distribution boards market including ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric (U.S.), Schneider Electric SE (France), and Eaton Corporation (Ireland). These players are trying to penetrate developing economies and are adopting various methods to increase their market share.
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Scope of the Report:
• By Voltage Rating
o Low Voltage
o Medium Voltage
• By End-User
o Transmission & Distribution Utilities
o Manufacturing & Process Industries
o Commercial & Residential Infrastructure
o Others, including Marine, Mining, Offshore, Transportation, and Power Generation
• By Region
o Asia-Pacific
o North America
o South America
o Europe
o Middle East & Africa
Browse 73 market data tables with 44 figures spread through 145 pages and in-depth TOC on "Distribution Boards Market - Global Forecast and Trends to 2021"
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Research Methodology
• Analysis of key operational and upcoming electric distribution board projects across the globe, along with voltage ratings
• Analysis of country-wise electrification rates for the past 3 years
• Analysis of grid upgrades and integration across various regions
• Analysis of power infrastructure projects and trends related to construction and infrastructural activities across various regions
• Estimation of the installation cost of distribution boards in various regions using cost variance models
• Estimation of the total market size of distribution boards using the market engineering process
Asia-Pacific is estimated to lead the distribution panels market, owing to increased electrification rates, urbanization, and industrialization, which propel the demand for electrical distribution boards. China dominated the global distribution boards market in 2015, on account of extensive upgradation 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 2016 to 2021. The figure given below indicates the market size of various regions by 2021, with their respective CAGRs during the forecast period.
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Target Audience:
• Distribution board manufacturers, dealers, and suppliers
• Transmission & distribution utilities
• State and national regulatory authorities
• Power generation plants
• Consulting companies and associations in the energy & power sector
• Government and research organizations
• Energy associations
• Investment banks
Delays in grid expansion projects are restraining the growth of the distribution boards market. These delays create panic among vendors involved in the projects, as they extend the delivery cycles. They also affect the financial condition of the vendors, owing to deferred payments from utilities. This hinders the demand for substations and distribution boards.
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