The global power distribution component market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The market is driven by the increasing demand for power distribution components in developing countries such as India and China. The growth of the market is also attributed to the increasing need for energy efficiency and renewable energy sources, which are driving investments in power distribution components.
Switchgear accounted for over 50% share of the global power distribution component market in 2017 and it is expected to maintain its dominance throughout the forecast period due to its high demand across various applications such as indoor, outdoor, residential, commercial and industrial sectors. Switchboard was another major product segment with a share of over 30% in 2017; it is expected to grow at a CAGR of 5% during 2020-2030 due to its high demand across various applications such as indoor, outdoor residential and commercial sectors. Distribution panel accounted for over 10% share in 2017; it is projected that this segment will grow at a CAGR of 3%. Motor control panels accounted for less than 10% share in 2017; they are projected that this segment will grow at a CAGR of 2%.
- Increasing demand for power distribution components in the renewable energy sector will drive the growth of the market.
- Increasing demand for power distribution components in developing countries such as India and China will also drive the growth of the market.
- The increasing need for power distribution components in industries such as oil and gas, mining, and manufacturing will also drive the growth of this market.
Industry Growth Insights published a new data on “Power Distribution Component Market”. The research report is titled “Power Distribution Component Market research by Types (Switchgear, Switchboard, Distribution Panel, Motor Control Panels, Others), By Applications (Indoor, Outdoor), By Players/Companies General Electric, ABB Limited, Eaton Corporation, Schneider Electric, Siemens, Hitachi Limited, Powell Industries, Hubbell Power Systems, Fuji Electric, L&T Electrical and Automation, E + I Engineering Ltd., Lucy Electric UK Ltd., Al Hassan Engineering Co. S.A.O.G., START Electrical Switchgear Assembly LLC., Norelco Oy, Skema S.p.A., Mitsubishi Electric Corporation, Rittal GmbH & Co., KG, Hyundai Electric & Energy Systems, Hyosung Corporation, Crompton Greaves”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Distribution Component Market Research Report
By Type
Switchgear, Switchboard, Distribution Panel, Motor Control Panels, Others
By Application
Indoor, Outdoor
By Companies
General Electric, ABB Limited, Eaton Corporation, Schneider Electric, Siemens, Hitachi Limited, Powell Industries, Hubbell Power Systems, Fuji Electric, L&T Electrical and Automation, E + I Engineering Ltd., Lucy Electric UK Ltd., Al Hassan Engineering Co. S.A.O.G., START Electrical Switchgear Assembly LLC., Norelco Oy, Skema S.p.A., Mitsubishi Electric Corporation, Rittal GmbH & Co., KG, Hyundai Electric & Energy Systems, Hyosung Corporation, Crompton Greaves
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Power Distribution Component Market Report Segments:
The global Power Distribution Component market is segmented on the basis of:
Types
Switchgear, Switchboard, Distribution Panel, Motor Control Panels, Others
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
Indoor, Outdoor
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:
- General Electric
- ABB Limited
- Eaton Corporation
- Schneider Electric
- Siemens
- Hitachi Limited
- Powell Industries
- Hubbell Power Systems
- Fuji Electric
- L&T Electrical and Automation
- E + I Engineering Ltd.
- Lucy Electric UK Ltd.
- Al Hassan Engineering Co. S.A.O.G.
- START Electrical Switchgear Assembly LLC.
- Norelco Oy
- Skema S.p.A.
- Mitsubishi Electric Corporation
- Rittal GmbH & Co., KG
- Hyundai Electric & Energy Systems
- Hyosung Corporation
- Crompton Greaves
Highlights of The Power Distribution Component 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:
- Switchgear
- Switchboard
- Distribution Panel
- Motor Control Panels
- Others
- By Application:
- Indoor
- Outdoor
- 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 Power Distribution Component 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?
A power distribution component is a device that helps distribute electrical power to various parts of a building. It can include switches, outlets, and circuit breakers.
Some of the key players operating in the power distribution component market are General Electric, ABB Limited, Eaton Corporation, Schneider Electric, Siemens, Hitachi Limited, Powell Industries, Hubbell Power Systems, Fuji Electric, L&T Electrical and Automation, E + I Engineering Ltd., Lucy Electric UK Ltd., Al Hassan Engineering Co. S.A.O.G., START Electrical Switchgear Assembly LLC., Norelco Oy, Skema S.p.A., Mitsubishi Electric Corporation, Rittal GmbH & Co., KG, Hyundai Electric & Energy Systems, Hyosung Corporation, Crompton Greaves.
The power distribution component market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Power Distribution Component Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Power Distribution Component Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Power Distribution Component Market - Supply Chain
4.5. Global Power Distribution Component Market Forecast
4.5.1. Power Distribution Component Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Power Distribution Component Market Size (000 Units) and Y-o-Y Growth
4.5.3. Power Distribution Component Market Absolute $ Opportunity
5. Global Power Distribution Component Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Power Distribution Component Market Size and Volume Forecast by Type
5.3.1. Switchgear
5.3.2. Switchboard
5.3.3. Distribution Panel
5.3.4. Motor Control Panels
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Power Distribution Component Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Power Distribution Component Market Size and Volume Forecast by Application
6.3.1. Indoor
6.3.2. Outdoor
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Power Distribution Component Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Power Distribution Component Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Power Distribution Component Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Power Distribution Component Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Power Distribution Component Demand Share Forecast, 2019-2026
9. North America Power Distribution Component Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Power Distribution Component Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Power Distribution Component Market Size and Volume Forecast by Application
9.4.1. Indoor
9.4.2. Outdoor
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Power Distribution Component Market Size and Volume Forecast by Type
9.7.1. Switchgear
9.7.2. Switchboard
9.7.3. Distribution Panel
9.7.4. Motor Control Panels
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Power Distribution Component Demand Share Forecast, 2019-2026
10. Latin America Power Distribution Component Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Power Distribution Component Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Power Distribution Component Market Size and Volume Forecast by Application
10.4.1. Indoor
10.4.2. Outdoor
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Power Distribution Component Market Size and Volume Forecast by Type
10.7.1. Switchgear
10.7.2. Switchboard
10.7.3. Distribution Panel
10.7.4. Motor Control Panels
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Power Distribution Component Demand Share Forecast, 2019-2026
11. Europe Power Distribution Component Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Power Distribution Component Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Power Distribution Component Market Size and Volume Forecast by Application
11.4.1. Indoor
11.4.2. Outdoor
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Power Distribution Component Market Size and Volume Forecast by Type
11.7.1. Switchgear
11.7.2. Switchboard
11.7.3. Distribution Panel
11.7.4. Motor Control Panels
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Power Distribution Component Demand Share, 2019-2026
12. Asia Pacific Power Distribution Component Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Power Distribution Component Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Power Distribution Component Market Size and Volume Forecast by Application
12.4.1. Indoor
12.4.2. Outdoor
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Power Distribution Component Market Size and Volume Forecast by Type
12.7.1. Switchgear
12.7.2. Switchboard
12.7.3. Distribution Panel
12.7.4. Motor Control Panels
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Power Distribution Component Demand Share, 2019-2026
13. Middle East & Africa Power Distribution Component Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Power Distribution Component Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Power Distribution Component Market Size and Volume Forecast by Application
13.4.1. Indoor
13.4.2. Outdoor
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Power Distribution Component Market Size and Volume Forecast by Type
13.7.1. Switchgear
13.7.2. Switchboard
13.7.3. Distribution Panel
13.7.4. Motor Control Panels
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Power Distribution Component Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Power Distribution Component Market: Market Share Analysis
14.2. Power Distribution Component Distributors and Customers
14.3. Power Distribution Component Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB Limited
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Eaton Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Schneider Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hitachi Limited
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Powell Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hubbell Power Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Fuji Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. L&T Electrical and Automation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. E + I Engineering Ltd.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Lucy Electric UK Ltd.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Al Hassan Engineering Co. S.A.O.G.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. START Electrical Switchgear Assembly LLC.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Norelco Oy
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Skema S.p.A.
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Mitsubishi Electric Corporation
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Rittal GmbH & Co., KG
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Hyundai Electric & Energy Systems
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Hyosung Corporation
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
