Global Distribution Board Market Size and Forecast 2024-2033

Overview and Scope A distribution board (also known as a panel board, breaker panel, or electric panel) is defined as a part of an electric distribution network that splits an electrical power flow into separate channels while supplying every circuit with a protective fuse or circuit breaker in a single frame. Sizing and Forecast The distribution board market size has grown strongly in recent years. It will grow from $6.54 billion in 2023 to $7.08 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to urbanization and infrastructure growth, electrification programs, industrialization trends, safety and regulatory compliance, energy consumption patterns, market competition and innovation. The distribution board market size is expected to see strong growth in the next few years. It will grow to $9.9 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to electrical grid upgrades, evolving building standards, sustainable and eco-friendly solutions, global market expansion, changing customer needs. Major trends in the forecast period include digitalization and smart infrastructure, technological advancements, rising demand for renewable energy, modular and compact designs, rise in industrial automation. Order your report now for swift delivery, visit the link: https://www.thebusinessresearchcompany.com/report/distribution-board-global-market-report The distribution board market covered in this report is segmented – 1) By Voltage: Low Voltage, Medium Voltage 2) By Mounting: Flush Mounting, Surface Mounting 3) By End-User: Transmission And Distribution Utilities, Manufacturing And Process Industries, Commercial And Residential Infrastructure, Other End-Users Asia-Pacific was the largest region in the distribution board market in 2023. The regions covered in the distribution board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Intrigued to explore the contents? Secure your hands-on a free sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=5186&type=smp Major Driver Impacting Market Growth The increasing electricity demand is expected to fuel the growth of the distribution board market in the coming years. Electricity is a form of energy that can be transmitted through wires and is used for heating, lighting, and machine power. As a result of increased household incomes, electrification of transportation and heat, and increasing demand for digitally connected devices and air conditioning, electricity demand is expected to rise even further. The electrical power is supplied within the building through a distribution board (DB). The primary supply cable enters the board and is dispersed to the breakers, which subsequently distribute it to all of the circuits. According to the World Energy Outlook, global electricity demand is expected to increase at 2.1% per year until 2040, double the rate of primary energy of distribution board market growth. Key Industry Players Major companies operating in the distribution board market report are Siemens AG, General Electric Company, Schneider Electric SE, Fujitsu General Limited, Asea Brown Boveri Ltd., Larsen & Toubro Limited, Eaton Corporation plc, Delta Electronics Inc., Legrand, Meba Electric Enterprises Co. Ltd., Rittal GmbH & Co. KG, Havells India Ltd., Hager Group, C&S Electric Limited, Sterlite Power Transmission Ltd., Lewden Palazzoli Ltd., OEZ s.r.o., Industrial Electric Manufacturing, Delixi Electric Co. Ltd., Electroalfa Group, Arabian Gulf Switchgear Ltd., East Coast Power Systems, Blakley Electrics, Kohler Power Systems, ESL Power Systems Inc., Lovato Electric S.p.A., Norelco Industries Inc., Ba’amer Electric, Eastern Arabian Maintenance and Fabrication Company, INDU-Electric Gerber GmbH, Shihlin Electric & Engineering Corporation, Mennekes Elektrotechnik GmbH & Co. KG The distribution board market report table of contents includes: 1. Executive Summary 2. Distribution Board Market Characteristics 3. Distribution Board Market Trends And Strategies 4. Distribution Board Market - Macro Economic Scenario ............... 32. Global Distribution Board Market Competitive Benchmarking 33. Global Distribution Board Market Competitive Dashboard 34. Key Mergers And Acquisitions In The Distribution Board Market 35. Distribution Board Market Future Outlook and Potential Analysis 36. Appendix Contact Us: The Business Research Company Europe: +44 207 1930 708 Asia: +91 88972 63534 Americas: +1 315 623 0293 Email: info@tbrc.info Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company Twitter: https://twitter.com/tbrc_info Facebook: https://www.facebook.com/TheBusinessResearchCompany YouTube: https://www.youtube.co