Market Overview:
The global electrical sub panel market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electrical sub panels from commercial and residential applications. In addition, the growing awareness about safety and security is also propelling the growth of this market. The global electrical sub panel market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into single phase and three phase panels. Single phase panels are more popular than three phase panels as they are used in residential applications where only one or two loads are operated at a time. On the basis of application, it can be classified into commercial use and residential use segments. Commercial use includes offices, hospitals, schools etc., whereas residential use comprises homes, apartments etc.
Product Definition:
An electrical sub panel is a small, wall-mounted panel that distributes power to a specific area of your home. It's typically used to provide power to appliances or fixtures in a single room, such as the kitchen or bathroom. An electrical sub panel is important because it helps you better manage the electricity in your home by isolating specific areas where you need power. This can be helpful when you're trying to conserve energy or when you have multiple devices running at once and need more outlets.
Single Phase Electrical Sub Panel:
Single-phase electrical sub panel is a device that is used to provide power to various electrical equipment such as air conditioners, geysers, water pumps and others. It consists of an electric motor with a stator windings connected by an insulated switchgear or circuit break. The switchgear has three terminals; normally open, normally closed and ground.
Three Phase Electrical Sub Panel:
The three phase electrical sub panel is a device that is used to convert the singlephase AC power into three phases AC power. It's major applications are in commercial and residential buildings for distribution of electricity. The Three Phase Electrical Sub Panel market size was valued at USD 1,Billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024.
Application Insights:
The commercial use segment dominated the global electrical sub panel market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to increasing construction of new commercial buildings and expansion of existing facilities at a rapid pace across various regions, including Asia Pacific and Middle East & Africa. For instance, according to a study conducted by the Asian Development Bank in 2016, it was estimated that around USD 1 trillion will be invested annually from 2015 to 2019 in Asia Pacific region on account of growing business activities and rising living standards among consumers. This investment is expected to generate considerable electricity demand which would subsequently increase product demand as well during this period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing industrialization and manufacturing in countries, such as China, India, Japan, South Korea, Taiwan among others. Moreover, growing population coupled with rising living standards are likely to drive the regional demand for electrical sub panels over the forecast period.
Europe was valued at USD X billion in 2017 and is projected to witness steady growth over the forecast period owing to high product penetration in countries including Germany; U.K.
Growth Factors:
- Increasing demand for electrical sub panels in the construction industry as a result of growing population and rapid urbanization.
- Rising demand from the industrial sector due to increasing investments in manufacturing and infrastructure sectors.
- Growing popularity of solar photovoltaic systems, which require dedicated electrical sub panels for power distribution and control functions, is boosting the market growth.
- Proliferation of smart homes and buildings is also fueling the demand for electrical sub panels as these systems need a robust wiring infrastructure to function properly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Sub Panel Market Research Report
By Type
Single Phase Electrical Sub Panel, Three Phase Electrical Sub Panel
By Application
Commercial Use, Residential Use
By Companies
ABB, GE, Siemens, ST Microelectronics, EAMFCO, Eaton, Schneider Electric, Sanken Electric, Mitsubishi Electric, PVJ Power, Nilsen, Leoni, Mastervolt, Rolla, ROMAC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Sub Panel Market Report Segments:
The global Electrical Sub Panel market is segmented on the basis of:
Types
Single Phase Electrical Sub Panel, Three Phase Electrical Sub Panel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Use, Residential Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- GE
- Siemens
- ST Microelectronics
- EAMFCO
- Eaton
- Schneider Electric
- Sanken Electric
- Mitsubishi Electric
- PVJ Power
- Nilsen
- Leoni
- Mastervolt
- Rolla
- ROMAC
Highlights of The Electrical Sub Panel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Phase Electrical Sub Panel
- Three Phase Electrical Sub Panel
- By Application:
- Commercial Use
- Residential Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrical Sub Panel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electrical sub panel is a group of electrical panels that are used to distribute power to specific areas in a building.
Some of the major companies in the electrical sub panel market are ABB, GE, Siemens, ST Microelectronics, EAMFCO, Eaton, Schneider Electric, Sanken Electric, Mitsubishi Electric, PVJ Power, Nilsen, Leoni, Mastervolt, Rolla, ROMAC.
The electrical sub panel market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrical Sub Panel Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Electrical Sub Panel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Electrical Sub Panel Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Electrical Sub Panel Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Electrical Sub Panel Market Size & Forecast, 2020-2028 4.5.1 Electrical Sub Panel Market Size and Y-o-Y Growth 4.5.2 Electrical Sub Panel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Phase Electrical Sub Panel
5.2.2 Three Phase Electrical Sub Panel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Use
6.2.2 Residential Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrical Sub Panel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electrical Sub Panel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Phase Electrical Sub Panel
9.6.2 Three Phase Electrical Sub Panel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Use
9.10.2 Residential Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Phase Electrical Sub Panel
10.6.2 Three Phase Electrical Sub Panel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Use
10.10.2 Residential Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Phase Electrical Sub Panel
11.6.2 Three Phase Electrical Sub Panel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Use
11.10.2 Residential Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Phase Electrical Sub Panel
12.6.2 Three Phase Electrical Sub Panel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Use
12.10.2 Residential Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Phase Electrical Sub Panel
13.6.2 Three Phase Electrical Sub Panel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Use
13.10.2 Residential Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electrical Sub Panel Market: Competitive Dashboard
14.2 Global Electrical Sub Panel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 GE
14.3.3 Siemens
14.3.4 ST Microelectronics
14.3.5 EAMFCO
14.3.6 Eaton
14.3.7 Schneider Electric
14.3.8 Sanken Electric
14.3.9 Mitsubishi Electric
14.3.10 PVJ Power
14.3.11 Nilsen
14.3.12 Leoni
14.3.13 Mastervolt
14.3.14 Rolla
14.3.15 ROMAC