Market Overview:
The global low voltage distribution board 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 smart buildings and rising awareness about energy efficiency among consumers. In addition, the growing demand for telemedicine and industrial control applications is also contributing to the growth of this market. Based on type, the global low voltage distribution board market can be segmented into single system core board and dual system core board. The dual system core board segment is expected to grow at a higher CAGR than the single system core board segment during the forecast period. This can be attributed to its ability to provide redundancy in case of failure of one circuit breaker or transformer, which increases reliability and safety in critical applications such as data centers, hospitals, airports, etc. Based on application, the global low voltage distribution board market can be divided into telemedicine, smart retail, industrial control, smart transportation and others (including education institutions & government buildings).
Product Definition:
A low voltage distribution board is a panel that distributes power to electrical devices using low voltage wiring. It is typically used in residential or commercial settings where it is necessary to distribute power to a number of devices without having to run high voltage wiring. The importance of a low voltage distribution board lies in its ability to provide an easy and safe way to distribute power without the need for specialised knowledge or equipment.
Single System Core Board:
Single system core board is a circuit board with one or more integrated chips. It is used in low voltage distribution boards to provide the necessary functions of an electronic module such as, controlling and monitoring devices, switching devices and power supplies.
The single system core board finds its application in various sectors such as industrial automation & manufacturing sector, consumer electronics sector and medical equipment sector among others.
Dual System Core Board:
The dual system core board is a special type of low voltage distribution board that consists of two independent power sources, one for the mainboard and another for the components. The two systems are connected by a single cable which provides both power and data signals to all components simultaneously.
It has several advantages such as it can provide stable voltages even if one or more systems fail, it can deliver higher current levels to some devices than others depending on their requirements, etc.
Application Insights:
The others application segment includes security, surveillance, and safety applications. The global low voltage distribution board market is expected to witness significant growth in the other applications owing to increasing demand for automation in industries such as healthcare, oil & gas, food & beverage manufacturing among others.
Telemedicine was the largest revenue-generating segment of the global low voltage distribution board market in 2017 due to an increase in demand for advanced medical equipment and technologies that require a stable power supply. Telemedicine involves using technology to provide better care through remote patient monitoring and health education services among other uses such as home healthcare or community clinics. The development of telecommunication infrastructure has been particularly rapid in developing countries like India which has resulted in increased adoption of these products across end-use segments including industrial control systems and smart transportation systems over there counterparts globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for smart solutions across various industries in countries such as China, Japan, and India. Moreover, rising investments in infrastructure development are also anticipated to drive product demand over the next eight years.
The European region accounted for a significant share of revenue owing to early adoption of LV distribution boards in several applications including industrial control systems and telemedicine among others. However, stringent regulations regarding energy consumption may hamper industry growth over the coming years.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Stringent government regulations for energy efficiency and conservation
- Technological advancements in low voltage distribution boards that improve performance and reliability
- Growing awareness about the benefits of using low voltage distribution boards among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Voltage Distribution Board Market Research Report
By Type
Single System Core Board, Dual System Core Board
By Application
Telemedicine, Smart Retail, Industrial Control, Smart Transportation, Others
By Companies
SparkFun, Sipeed, NXP Semiconductors, Huawei, Aaeon, Guangzhou ZLG, Rockchip, Forlinx Embedded, PerfXLab, PHYTEC, Honeywell
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Low Voltage Distribution Board Market Report Segments:
The global Low Voltage Distribution Board market is segmented on the basis of:
Types
Single System Core Board, Dual System Core Board
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
Telemedicine, Smart Retail, Industrial Control, Smart Transportation, Others
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:
- SparkFun
- Sipeed
- NXP Semiconductors
- Huawei
- Aaeon
- Guangzhou ZLG
- Rockchip
- Forlinx Embedded
- PerfXLab
- PHYTEC
- Honeywell
Highlights of The Low Voltage Distribution Board 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 System Core Board
- Dual System Core Board
- By Application:
- Telemedicine
- Smart Retail
- Industrial Control
- Smart Transportation
- Others
- 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 Low Voltage Distribution Board 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
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- Consumer Insights
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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?
A low voltage distribution board (LVDB) is a circuit board that supplies power to electronic devices in a system. LVDBs are often used in portable electronics, such as laptops and PDAs, because they can provide more power than standard batteries.
Some of the major players in the low voltage distribution board market are SparkFun, Sipeed, NXP Semiconductors, Huawei, Aaeon, Guangzhou ZLG, Rockchip, Forlinx Embedded, PerfXLab, PHYTEC, Honeywell.
The low voltage distribution board 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 Low Voltage Distribution Board 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 Low Voltage Distribution Board Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Voltage Distribution Board 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 Low Voltage Distribution Board 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 Low Voltage Distribution Board Market Size & Forecast, 2020-2028
4.5.1 Low Voltage Distribution Board Market Size and Y-o-Y Growth
4.5.2 Low Voltage Distribution Board 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 System Core Board
5.2.2 Dual System Core Board
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 Telemedicine
6.2.2 Smart Retail
6.2.3 Industrial Control
6.2.4 Smart Transportation
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Voltage Distribution Board 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 Low Voltage Distribution Board 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 System Core Board
9.6.2 Dual System Core Board
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 Telemedicine
9.10.2 Smart Retail
9.10.3 Industrial Control
9.10.4 Smart Transportation
9.10.5 Others
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 System Core Board
10.6.2 Dual System Core Board
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 Telemedicine
10.10.2 Smart Retail
10.10.3 Industrial Control
10.10.4 Smart Transportation
10.10.5 Others
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 System Core Board
11.6.2 Dual System Core Board
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 Telemedicine
11.10.2 Smart Retail
11.10.3 Industrial Control
11.10.4 Smart Transportation
11.10.5 Others
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 System Core Board
12.6.2 Dual System Core Board
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 Telemedicine
12.10.2 Smart Retail
12.10.3 Industrial Control
12.10.4 Smart Transportation
12.10.5 Others
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 System Core Board
13.6.2 Dual System Core Board
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 Telemedicine
13.10.2 Smart Retail
13.10.3 Industrial Control
13.10.4 Smart Transportation
13.10.5 Others
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 Low Voltage Distribution Board Market: Competitive Dashboard
14.2 Global Low Voltage Distribution Board Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SparkFun
14.3.2 Sipeed
14.3.3 NXP Semiconductors
14.3.4 Huawei
14.3.5 Aaeon
14.3.6 Guangzhou ZLG
14.3.7 Rockchip
14.3.8 Forlinx Embedded
14.3.9 PerfXLab
14.3.10 PHYTEC
14.3.11 Honeywell
