DISTRIBUTION BOARD MARKET TO
REACH A VALUATION OF ~US$ 9.2 BN
BY 2027
Distribution Board Market: Introduction
The global distribution board market was valued at ~US$ 5.3 Bn in 2018 and is
anticipated to expand at a CAGR of more than ~6% during the forecast period
Based on power rating, the medium voltage segment accounted for a major
share of the global distribution board market in 2018
In terms of pole, the 31 to 60 pole segment held a significant share of the global
distribution board market in 2018. Demand for medium voltage distribution
boards is high, owing to the rise in investments in the distribution & transmission
sector of the power industry, and in the infrastructure industry.
Based on end user, the utilities segment held a major share of the global
distribution board market in 2018. Demand for electricity has been rising among
consumers. The utilities sector is investing significantly in electricity distribution &
transition to cater to this demand. This is expected to drive the distribution board
market during the forecast period.
Asia Pacific is estimated to offer immense growth potential to the distribution
board market in the next few years
Key Drivers and Restraints of Global Distribution Board Market
Increase in demand for electricity in residential, industrial, and commercial
sectors is driving the demand for distribution boards. Global demand for
electricity increased by 4%, or 900 TWh, in 2018. China and the U.S., the two
major power markets in the world, accounted for 70% share of the global demand
for electricity in 2018. Demand for electricity increased by 8.5% in China in 2018.
This was led by the growth of the industrial sector, including iron, steel, and other
metals, expansion in cement and construction sectors, and high demand for
cooling systems.
Increase in construction & infrastructure activities across the globe is likely to
drive the global distribution board market. Key developing countries are bringing
in various reforms and regula