Global Distribution Boards Market Size & Outlook
The distribution boards industry worldwide is expected to reach a projected revenue of US$ 6,779.2 million by 2030. A compound annual growth rate of 5.3% is expected of the worldwide distribution boards industry from 2024 to 2030.
Revenue, 2023 (US$M)
$4,724.8
Forecast, 2030 (US$M)
$6,779.2
CAGR, 2024 - 2030
5.3%
Report Coverage
Worldwide
Global distribution boards market, 2018-2030 (US$M)
Global distribution boards market highlights
- The global distribution boards market generated a revenue of USD 4,724.8 million in 2023 and is expected to reach USD 6,779.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.3% by 2030.
- In terms of segment, low voltage (up to 1 kv) accounted for a revenue of USD 4,724.8 million in 2023.
- Low Voltage (Up to 1 kV) is the most lucrative voltage rating segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 4,724.8 million |
| Market revenue in 2030 | USD 6,779.2 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Low voltage (up to 1 kv) |
| Fastest growing segment | Low Voltage (Up to 1 kV) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Voltage (Up to 1 kV) |
Other key industry trends
- In terms of revenue, the North America accounted for 23.4% of the global distribution boards market in 2023.
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Distribution Boards Market Scope
Distribution boards market segmentation & scope
End Use
Residential
Commercial
Industrial
Utilities
Data Centers
Countries
Canada
Mexico
U.S.
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
Australia
China
India
Japan
South Korea
Thailand
Argentina
Brazil
Kuwait
Saudi Arabia
South Africa
UAE
Distribution Boards Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global distribution boards market size, by regions, 2018-2030 (US$M)
Related industry reports
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