Distribution Boards Industry Statistics

In the following post, we explore the dynamic landscape of the Distribution Boards Industry through a comprehensive analysis of key statistics and market insights. From the market size and growth projections to regional trends and major players in the field, this overview sheds light on the significant factors driving the evolution of distribution boards globally.

Statistic 1

"The Distribution Boards Market size was valued at over USD 4.5 billion in 2018."

Statistic 2

"The Distribution Boards Industry is expected to grow at a CAGR of 5% from 2019 to 2025."

Statistic 3

"In 2020, the Asia-Pacific region was the highest revenue generator for distribution boards, accounting for over half of the market share."

Statistic 4

"In terms of product type, the packaged distribution board segment holds the highest market share in the Distribution Boards Industry."

Statistic 5

"Projected growth in industrial infrastructure by 2025 will also drive the market for Distribution Boards."

Statistic 6

"As per 2020 reports, major manufacturers of distribution boards include ABB, Eaton, Siemens, General Electric, and Schneider."

Statistic 7

"Europe is expected to show significant growth in the distribution boards industry due to increased adoption of smart grid technology."

Statistic 8

"The commercial application segment held a significant portion of the overall Distribution Boards market in 2019."

Statistic 9

"In 2020, the residential segment was a major contributor to the global distribution boards market."

Statistic 10

"The growth of the global industrial sector is estimated to boost the distribution boards market at 6.1% CAGR between 2021 and 2026."

Statistic 11

"Medium voltage distribution boards are estimated to reach $6.3 billion by 2026."

Statistic 12

"Low voltage distribution boards are predicted to be the fastest-growing segment in the market."

Statistic 13

"In 2019, power utilities were the major end-users of distribution boards, contributing about 40% of the global market share."

Statistic 14

"The global market for Distribution Boards was worth USD 5.2 billion in 2020."

Statistic 15

"Distribution Boards in the oil and gas industry is projected to grow at a CAGR of 7% until 2026."

Statistic 16

"In 2019, China held the largest share in the Asia-Pacific distribution boards market."

Statistic 17

"The Middle East and Africa distribution boards market is anticipated to expand at a CAGR of 5.5% during the forecast period of 2021-2026."

Statistic 18

"The market size for LVDP (Low Voltage Distribution Panel) in India is expected to reach $1.34 billion by 2025."

Statistic 19

"In 2020, North America covered about 25% of the overall global low voltage distribution board market."

Statistic 20

"In 2020, the Low Voltage distribution board market showed a demand for single-phase panels in the residential sector due to rising urbanization."

In conclusion, the Distribution Boards Industry is experiencing steady growth with notable contributions from different regions and sectors. The market size has shown substantial value, and projections suggest a promising future with increased adoption of smart grid technology and growth in the industrial infrastructure sector. Major manufacturers are playing a crucial role in shaping the market landscape. The focus on specific product types, such as low voltage distribution boards, is driving growth and creating opportunities in various segments. With diverse end-users and regional markets showing potential for expansion, the distribution boards industry is poised for continuous advancement in the coming years.