North America Distribution Boards Market Size & Outlook
The distribution boards market in North America is expected to reach a projected revenue of US$ 1,459.8 million by 2030. A compound annual growth rate of 4.1% is expected of North America distribution boards market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,105.5
Forecast, 2030 (US$M)
$1,459.8
CAGR, 2024 - 2030
4.1%
Report Coverage
North America
North America distribution boards market, 2018-2030 (US$M)
North America distribution boards market highlights
- The North America distribution boards market generated a revenue of USD 1,105.5 million in 2023.
- The market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, low voltage (up to 1 kv) was the largest revenue generating voltage rating in 2023.
- Low Voltage (Up to 1 kV) is the most lucrative voltage rating segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 1,105.5 million |
| Market revenue in 2030 | USD 1,459.8 million |
| Growth rate | 4.1% (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, North America region accounted for 23.4% of the global distribution boards market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,664.8 million by 2030.
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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 |
|---|
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