• Blog
  • Distribution Panel Market Report

    Distribution Panel Market Report

    Distribution Panel Market Report
    Report code - SR1987 Delivery - 2 Weeks
    Get Free Sample |
    Distribution Panel Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth O See more...

    Market Insights

    A distribution panel is a component of an electrical supply system which distributes electrical power into subsidiary circuits while also providing each circuit with a protective fuse or circuit breaker in a common enclosure. Distribution panel is important as it protects one from accidents such as short circuits.

    The outbreak of the COVID-19 pandemic shook the electronics industry to the core. As a result, restrictive containment measures such as social distancing, remote working, and the closure of commercial activities exacerbated the situation, affecting the industry's supply chain, including the demand for distribution panels in 2020.  

    However, the distribution panel market is estimated to grow at a decent CAGR of 6.0% during the forecast period. Major factors such as expansion of smart grids, increasing urbanization, and increasing focus towards safety from operational hazards are driving the growth of the market. In addition, the development of smart distribution panels, rapid infrastructure development, and the growing construction industry are further expected to bolster the demand for distribution panels over the forecast period.

    Distribution Panel Market – Snapshot

    Forecast Period

    2022-2027

    CAGR

    6.0%

    Major Voltage Type

    Medium Voltage

    Major Mounting Type

    Flush Mounting

    Major End-User Type

    Residential

    Region with the highest demand

    Asia-Pacific

    Key Players

    ABB, Abunayyan Holding, Alfanar Group, Eaton Corporation PLC, General Electric, Hager Group, Industrial Electric Mfg., Larsen & Toubro Limited, Legrand, NHP, Schneider Electric, and Siemens.

     

    Wish to get a free Sample?

    Market Segments' Analysis

    Based on the voltage type, the market is bifurcated into low and medium voltage. The medium voltage segment is expected to grow at a higher CAGR during the forecast period. Increasing investments in transmission & distribution infrastructure, renewable power plants, and increasing commercial and residential construction and infrastructural activities are likely to support the segment's growth over the forecast period.

    Based on the mounting type, the market is segmented as flush mounting and surface mounting. Flush mounting is expected to witness a higher growth during the forecast period. Major factors such as easy installation, high reliability, and compact size are expected to drive the growth of flush mounting during the forecast period. In addition, increasing infrastructural spending, rising electricity demand across emerging economies, increasing development of commercial spaces, are further expected to contribute to the growth of the segment in the coming years.  

    Based on the end-user type, the market is segmented as residential, commercial, industrial, and utility. Among these end-user types, the residential segment is expected to lead the market, owing to the increasing demand for residential construction, as well as growing population and rapid urbanization. Furthermore, rising disposable income, government initiatives to electrify rural areas, and growing investments toward the replacement of aging power distribution infrastructure will boost the demand for distribution panels over the forecast period.

    In terms of regions, Asia-Pacific dominated the distribution panel market in 2021, and is expected to maintain its incontestable lead during the forecast period. Increasing demand for electricity, a growing construction industry, and stringent policies toward the replacement of ageing distribution equipment are the key drivers of the regional market demand for distribution panels. Furthermore, rising electrification rates, rapid urbanization, and industrialization are likely to drive the demand for distribution panels over the forecast period.

    Key Players

    The following are some of the key players in the distribution panel market:

    • ABB
    • Abunayyan Holding
    • Alfanar Group
    • Eaton Corporation PLC
    • General Electric
    • Hager Group
    • Industrial Electric Mfg.
    • Larsen & Toubro Limited
    • Legrand
    • NHP
    • Schneider Electric
    • Siemens

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s distribution panel market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The distribution panel market is segmented into the following categories:

    Distribution Panel Market, by Voltage Type

    • Low (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Medium (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Distribution Panel Market, by Mounting Type

    • Flush Mounting (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Surface Mounting (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Distribution Panel Market, by End-User Type

    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Commercial
      • Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World
      • Type Analysis: College/University, Office, Government/Military, and Others
    • Industrial
      • Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World
      • Type Analysis: Power Generation, Chemical, Refinery, Cement, and Others
    • Utility (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Distribution Panel Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The distribution panel market is estimated to grow at a healthy CAGR of 6.0% over the next five years. Major factors such as expansion of smart grids, increasing urbanization, and increasing focus towards safety from operational hazards are driving the growth of the market.

    ABB, Abunayyan Holding, Alfanar Group, Eaton Corporation PLC, General Electric, Hager Group, Industrial Electric Mfg., Larsen & Toubro Limited, Legrand, NHP, Schneider Electric, and Siemens are some of the key players in the market.

    Asia-Pacific is estimated to be dominant in the distribution panel market in the coming years. The region is likely to generate a consequential demand for distribution panels in the next five years.

    Asia-Pacific is estimated to grow at the fastest rate in the coming five years, owing to the increasing demand for electricity along with rising disposable income, and growing population, which is driving the overall regions market dynamics.

    Residential is likely to maintain its dominance in the market in the coming years, owing to the increasing demand for residential construction, as well as growing population and rapid urbanization. Furthermore, rising disposable income, government initiatives to electrify rural areas, and growing investments toward the replacement of aging power distribution infrastructure will boost the demand for distribution panels over the forecast period.

    •   
    ×