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Distribution Boards Market Worth 5.91 Billion USD By 2021

May 25, 2017

distribution board (also known as panelboardbreaker panel, or electric panel) is a component of an electricity supply system that divides an electrical power feed into subsidiary circuits while providing a protective fuse or circuit breaker for each circuit in a common enclosure. Normally, the main switch, and in recent boards, one or more residual current devices (RCD) or residual current breakers with overcurrent protection (RCBO), are also incorporated.

Growing inclination towards medium voltage distribution boards

The report also segments the distribution boards market on the basis of rated voltage into low voltage and medium voltage. Medium voltage distribution boards have received widespread acceptance in the past few years. The increasing investments in transmission & distribution infrastructure and in renewable power plants will likely provide a major boost to the market. The medium voltage distribution boards market is expected to grow at the highest CAGR during the forecast period.

Transmission & distribution utilities the key end-user of distribution boards

Distribution boards primarily find application in transmission & distribution utilities. In 2015, transmission & distribution utilities constituted the largest segment of the distribution boards market, and accounted for the largest share of the total market. Substations are a crucial element of any grid system, and require high-level protection to ensure the stability of the system. Distribution boards are used extensively by utilities to prevent damages to expensive and critical 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.

Asia-Pacific to dominate the market for distribution boards

In this report, the electric distribution boards market has been analyzed with respect to five regions namely, Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. Asia-Pacific is estimated to dominate the market, owing to factors such as urbanization, industrialization, effective smart grid initiatives, high investments in the upgradation of transmission & distribution infrastructure, energy efficiency measures, and renewable projects.

End User:

Transmission & Distribution Utilities,

Manufacturing & Processing Industry,

Commercial & Residential Sector,

and Others

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