![Distribution Board Market Size Distribution Board Market Overview](https://s3.mordorintelligence.com/distribution-board-market/distribution-board-market-size-image-1735463830936.webp)
Study Period | 2020 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
CAGR | 3.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Distribution Board Market Analysis
The Distribution Board Market is expected to register a CAGR of greater than 3% during the forecast period.
- Due to the increasing number of renewable energy installations that require a distribution board for the safety of various electric equipment, the power utilities segment is expected to be the largest growing segment for the distribution board market during the forecast period.
- The new technology of smart distribution boards, which enable to pinpoint overloads and inefficiencies proactively, and make informed decisions that improve operational efficiency will likely create several opportunities for the distribution board market in the future.
- Due to its increasing demand for electricity and the rising electricity generation projects and connecting them in the country's grid, Asia-Pacific is expected to be the largest market for distribution board.
Distribution Board Market Trends
Power Utilities Segment Expected to Dominate the Market
- The distribution board refers to equipment which consists of bus bars, and possible switches, fuse-links and Automatic protective equipment, bypass equipment, for connecting, controlling and protecting several branch circuits fed from one main circuit of a wiring installation in a building or premises for easy and safe handling of incoming power supply.
- Most of the developed countries in the world already achieved 100% access to electricity long ago and now working on the up-gradation of its outdated transmission and distribution systems. In contemporary, the developing nations are witnessing rapid growth in the energy demand, which is likely to use distribution boards in new electricity distribution projects.
- In 2019, the global electricity generation was 27004.7 Terawatt-Hour (TWh), which was higher than what the world produced in 2018, 26652.7TWh. The increase in electricity generation exhibits an increase in the number of power utilities, which is likely to use new distribution boards to safely transfer electricity to the consumers without the failure of any electrical equipment.
- In January 2020, General Electric Company was awarded a multi-million dollar project for the design, supply, construction, and commissioning of onshore and offshore wind substations for the Neart na Gaoithe (NnG) offshore wind farm, in Scotland. EDF Renewables and ESB jointly own the project. GE is responsible for the delivery of all infrastructures within the perimeter, including ground works and civil construction. NnG is scheduled to be fully operational by the end of 2023. The substations in the project are likely to use the distribution board for safekeeping of the equipments.
- In 2019, National Grid started the construction of the West Ashville substation project in New York, United States. The step was taken regarding the low voltage concerns on the existing electric transmission grid that were going to decrease as the area load overgrows. To improve reliability to the region, National Grid decided to construct a new substation in the Town of Harmony to provide load relief to the existing system.
- Hence, owing to the above points, the power utilities segment is likely to dominate the distribution board market during the forecast period.
Asia-Pacific Expected to Dominate the Market
- Asia-Pacific, due to the rapidly increasing energy demand and an increasing number of commercial and industrial operations, the region is likely to be the largest market for the distribution board. Moreover, the continually growing demand for power supply in the country is expected to drive the region's distribution board.
- Countries in the Asia-Pacific region such as China, India, and Indonesia because of rapidly increasing urbanization and industrialization in the countries are expanding their existing transmission and distribution system by laying new transmission lines and installing new substations to fill the energy demand-supply gap in their respective country. Such developments are likely to use several distribution boards at every end-user level.
- In 2019, the Asia-Pacific's primary energy consumption was 257.56 Exajoules, which was about 44.1% of the world's total primary energy. The region's considerable share of energy demand is likely to create dominance over the region's distribution board.
- In 2019, the power supply project for the China-Laos railway was inaugurated. The project is running along the China-Laos railway through five provincial administrative regions in northern Laos. It is likely to build twenty circuits of 115kV transmission lines with a total length of 268 km and extend 11 bays in 10 substations to supply power from the state-run Electricite du Laos' grid to 10 railway traction substations. Such several planned substations are expected to install several distribution boards for the safety of the network and equipment in the project. The project is scheduled to be complete by the end of 2021.
- In 2019, Sterlite Power, India's leading private power transmission player, received a letter of award for two key inter-state projects worth over INR 3000 crore for Udupi-Kasargode and WRSS 21 (Part B) involving lines and gas-insulated substations (GIS). The substation project is expected to use a distribution board to safely handle the electric equipments and network before transmitting it to the various end-users. This project involves 765 KV lines and GIS substations and is expected to be completed by the first quarter of 2021.
- Hence, owing to the above points, Asia-Pacific is expected to dominate the distribution board market during the forecast period.
![Distribution Board Market Trends Distribution Board Market Growth Rate](https://s3.mordorintelligence.com/distribution-board-market/1594202248694_distribution-board-market_Distribution_Board_Market_-_Growth_Rate_by_Region%2C_2020-2025.webp?q=0.07172185018033961)
Distribution Board Industry Overview
The distribution board market is fragmented. Some of the key players in this market include Siemens AG, ABB Ltd., Eaton Corporation PLC, Larsen & Toubro Limited, and Schneider Electric SE.
Distribution Board Market Leaders
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Siemens AG
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ABB Ltd.
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Eaton Corporation PLC
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Larsen & Toubro Limited
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Schneider Electric SE
- *Disclaimer: Major Players sorted in no particular order
![Distribution Board Market Concentration Siemens AG, ABB Ltd., Eaton Corporation PLC, Larsen & Toubro Limited, Schneider Electric SE](https://s3.mordorintelligence.com/distribution-board-market/distribution-board-market_1593591666843_Market_Concentration-_Distribution_Board_Market.webp)
Distribution Board Industry Segmentation
The distribution board market report include:
End-User | Power Utilities |
Commercial and Industrial | |
Residential | |
Geography | North America |
Europe | |
Asia-Pacific | |
South America | |
Middle-East and Africa |
Distribution Board Market Research FAQs
What is the current Distribution Board Market size?
The Distribution Board Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)
Who are the key players in Distribution Board Market?
Siemens AG, ABB Ltd., Eaton Corporation PLC, Larsen & Toubro Limited and Schneider Electric SE are the major companies operating in the Distribution Board Market.
Which is the fastest growing region in Distribution Board Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Distribution Board Market?
In 2025, the Asia Pacific accounts for the largest market share in Distribution Board Market.
What years does this Distribution Board Market cover?
The report covers the Distribution Board Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Distribution Board Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Distribution Board Industry Report
Statistics for the 2025 Distribution Board market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Distribution Board analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.