The growth in Global Distribution Board Market 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.
The market has been analyzed based on the voltage rating segments further into low voltage and medium voltage. Medium voltage distribution boards were widely accepted in the past few years. The growing investments in transmission & distribution infrastructure and renewable power plants are expected to provide a major breakthrough in the market. The medium voltage distribution boards market is expected to grow at the highest CAGR during the forecast period.
Transmission & Distribution Utilities
Distribution boards basically find application in transmission & distribution utilities. Currently, transmission & distribution utilities makes the largest segment of the distribution boards market, and accounts for the largest share of the total market. Substations are the crucial elements of any grid system, and require high-level protection to safeguard the stability of the entire system. Distribution boards are used broadly by utilities to prevent damages to critical and expensive equipment. The increasing electricity access across the world would result in an increase in the number of substations, which would in turn, raise the demand for distribution boards.
Distribution Boards Market is expected to grow over the CAGR of around 6% during the period 2017 to 2023
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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).
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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Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Distribution Boards Market, By Voltage Rating
4.2 Low Voltage
4.3 Medium Voltage
5 Global Distribution Boards Market, By End User
List of Tables
Table 1 Global Distribution Boards Market, By Low Voltage Rating
Table 2 Global Distribution Boards Market, By End User
Table 3 Global Distribution Boards Market, By Regions
Table 4 North America Distribution Boards Market, By Low Voltage Rating
Table 5 North America Distribution Boards Market, By End User
List of Figures
Figure 1 Research Application
Figure 2 Global Distribution Boardsmarket: By Low Voltage Rating (%)
Figure 3 Global Distribution Boardsmarket: By End User (%)
Figure 4 Global Distribution Boardsmarket: By Region
Figure 5 North America Distribution Boardsmarket, By Low Voltage Rating (%)
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