Global Distribution Boards Market Size & Outlook, 2023-2030
The global distribution boards market size was estimated at USD 4,724.8 million in 2023 and is projected to reach USD 6,779.2 million by 2030, growing at a CAGR of 5.3% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Distribution Boards Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Alfanar | View profile | 11-50 | Gîza, Al Jizah, Egypt, Africa | https://www.alfanar.org/ |
| Rittal | View profile | 10001+ | Herborn, Hessen, Germany, Europe | https://www.rittal.com/de-de/ |
| Havells India | View profile | 5001-10000 | Noida, Uttar Pradesh, India, Asia | http://www.havells.com/ |
| Hagerty Inc Ordinary Shares - Class A | View profile | 1732 | 121 Drivers Edge, Traverse, MI, United States, 49684 | https://www.hagerty.com |
| Larsen & Toubro Ltd DR | View profile | 330955 | Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, India, 400 001 | https://www.larsentoubro.com |
| Legrand SA | View profile | 33910 | 128, Avenue de Lattre de Tassigny, Cedex, Limoges, France, 87045 | https://www.legrand.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
Global distribution boards market size, by regions, 2018-2030 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
