Distribution Boards Market Outlook 2021, Global
Opportunity & Growth Analysis
The report "Distribution Boards Market by Voltage Rating (Low Voltage, Medium Voltage),
by End-User (Transmission & Distribution Utilities, Manufacturing & Processing Industry,
Commercial & Residential Sector, and Others), and by Region - Global Forecast and Trends
to 2021", The distribution boards market is projected to grow from an estimated USD 4.33 Billion
in 2016 to USD 5.91 Billion by 2021, registering a CAGR of 6.4% from 2016 to 2021. Factors such
as growing investments in transmission & distribution infrastructure and increasing construc tion
and infrastructural activities are driving the global market for distribution boards.
Browse 73 market data tables with 44 figures spread through 145 pages and in-depth TOC
on "Distribution Boards Market - Global Forecast and Trends to 2021"
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.
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.
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 Ea st &