Power Distribution Component Market is Anticipated to Grow US$ 15 Bn By 2030

The global Power Distribution Component market is expected to grow at a CAGR of around 6.1% over the forecast period 2021 to 2030 and expected to reach the market value of around US$ 15 billion by 2030.

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The global power distribution component market is broadly affected by several factors such as increase in construction and infrastructure activities; and growth in access of electricity. Thus, applications of power distribution components have increased in the market.

Dynamics

Power distribution components are the major elements of an electric supply system for commercial, residential, and industrial sectors. The main cable comes into the distribution board and is then distributed in secondary circuits such as lights and plugs via breakers. Electric panel includes distribution panel, motor control panel, and others. In any building, electric supply is distributed from the distribution board (DB). The main supply cable goes into the distribution board, and is then distributed to the breakers and subsequently to all the circuits such as the geyser, lights, and plugs. Motor control panel is an assembly to control some or all electric motors in a central location. Motor control panel is typically found in residential and commercial buildings with many electric motors that need to be controlled from a central location such as an electrical room or mechanical room. Socket connects electric equipment to the alternating current (AC) power supply in buildings and other sites. Electrical socket is also referred as electrical outlet.

Automated Power Distribution Devices Help Reduce Electricity Generation Costs

Automated power distribution is a fast growing phenomenon in the power distribution component market. This explains why the market is expected to grow at a favorable CAGR of 6% during the forecast period. The automated distribution of electricity helps to overcome major economic challenges such as increasing cost of electricity generation, rising cost of maintenance of components, and poor customer service.

Most electric utilities aim to save costs, whilst providing better services to their customers. Companies in the power distribution component market are gaining awareness about these demands and innovating in devices that deliver automated power distribution such as in the case of digital control panels.

Report Highlights

Based on type, the panel segment dominated the global power distribution component market in 2020.

In terms of application, the commercial segment accounted for a prominent share of the global power distribution component market in 2020. Rise in installation of energy efficient electrical systems to obtain sustainable power output & improve safety is anticipated to drive the residential segment of the global power distribution component market in the near future.

The power distribution component market in Asia Pacific is expected to expand during the forecast period. Rise in investment in single and multi-housing units in developing economies is estimated to boost the demand for the power distribution components in Asia Pacific in the near future. As per the FDI India, the real estate sector in the country is expected to reach the value of US$ 1 Trn by 2030.

The power distribution component market in North America is projected to witness favorable growth during the forecast period. Increase in spending in construction and renovation of aging electrical grid infrastructure is anticipated to propel the power distribution component market in the region. The power distribution component market in Europe is likely to expand during the forecast period, owing to the rise in spending on research and development activities to enhance the operational efficiency of power distribution components such as panels and sockets.

Key Players

Key players operating in the global power distribution component market are ABB Ltd., Lucy Electric, Siemens, Eaton, Norelco, Schneider Electric SE, Larsen & Toubro Limited, Hyundai Electric & Energy Systems co., Ltd., Fuji Electric co., Ltd., Crompton Greaves Consumer Electricals Ltd., Mitsubishi Electric Corporation, and GENERAL Electric.

Report Highlights Details
Market Size US$ 15 billion by 2030
Growth Rate CAGR of 6.1% From 2021 to 2030
Base year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Type, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Lucy Electric, Siemens, Eaton, Norelco, Schneider Electric SE, Larsen & Toubro Limited, Hyundai Electric & Energy Systems co., Ltd., Fuji Electric co., Ltd., Crompton Greaves Consumer Electricals Ltd., Mitsubishi Electric Corporation

Market: Segmentation

Market By Type

  • Panel
    • Distribution Panel
    • Motor Control Panel
    • Others (including Lighting Control Panel)
  • Socket
    • Plug Socket
    • Wall Socket

Market By Application

  • Residential
  • Commercial

Market By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Spain
    • Italy
    • France
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

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Research Methodology

The research methodology adopted by analysts for compiling the global power distribution component market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global power distribution component market.

Table of Contents

Chapter 1.   Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.   Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.   Executive Summary

3.1.  Market Snapshot

Chapter 4.   Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.   Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.   Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.   Global Power Distribution Component Market, By Type

7.1.  Power Distribution Component Market, by Type, 2021-2027

7.1.1.     Panel

7.1.1.1.          Market Revenue and Forecast (2016-2027)

7.1.2.     Socket

7.1.2.1.          Market Revenue and Forecast (2016-2027)

Chapter 8.   Global Power Distribution Component Market, By Capacitor

8.1.  Power Distribution Component Market, by Capacitor, 2021-2027

8.1.1.     Residential

8.1.1.1.          Market Revenue and Forecast (2016-2027)

8.1.2.     Commercial

8.1.2.1.          Market Revenue and Forecast (2016-2027)

Chapter 9.   Global Power Distribution Component Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.     Market Revenue and Forecast, by Type (2016-2027)

9.1.2.     Market Revenue and Forecast, by Capacitor (2016-2027)

9.1.3.     U.S.

9.1.3.1.          Market Revenue and Forecast, by Type (2016-2027)

9.1.3.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

9.1.4.     Rest of North America

9.1.4.1.          Market Revenue and Forecast, by Type (2016-2027)

9.1.4.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

9.2.  Europe

9.2.1.     Market Revenue and Forecast, by Type (2016-2027)

9.2.2.     Market Revenue and Forecast, by Capacitor (2016-2027)

9.2.3.     UK

9.2.3.1.          Market Revenue and Forecast, by Type (2016-2027)

9.2.3.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

9.2.4.     Germany

9.2.4.1.          Market Revenue and Forecast, by Type (2016-2027)

9.2.4.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

9.2.5.     France

9.2.5.1.          Market Revenue and Forecast, by Type (2016-2027)

9.2.5.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

9.2.6.     Rest of Europe

9.2.6.1.          Market Revenue and Forecast, by Type (2016-2027)

9.2.6.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

9.3.  APAC

9.3.1.     Market Revenue and Forecast, by Type (2016-2027)

9.3.2.     Market Revenue and Forecast, by Capacitor (2016-2027)

9.3.3.     India

9.3.3.1.          Market Revenue and Forecast, by Type (2016-2027)

9.3.3.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

9.3.4.     China

9.3.4.1.          Market Revenue and Forecast, by Type (2016-2027)

9.3.4.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

9.3.5.     Japan

9.3.5.1.          Market Revenue and Forecast, by Type (2016-2027)

9.3.5.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

9.3.6.     Rest of APAC

9.3.6.1.          Market Revenue and Forecast, by Type (2016-2027)

9.3.6.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

9.4.  MEA

9.4.1.     Market Revenue and Forecast, by Type (2016-2027)

9.4.2.     Market Revenue and Forecast, by Capacitor (2016-2027)

9.4.3.     GCC

9.4.3.1.          Market Revenue and Forecast, by Type (2016-2027)

9.4.3.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

9.4.4.     North Africa

9.4.4.1.          Market Revenue and Forecast, by Type (2016-2027)

9.4.4.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

9.4.5.     South Africa

9.4.5.1.          Market Revenue and Forecast, by Type (2016-2027)

9.4.5.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

9.4.6.     Rest of MEA

9.4.6.1.          Market Revenue and Forecast, by Type (2016-2027)

9.4.6.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

9.5.  Latin America

9.5.1.     Market Revenue and Forecast, by Type (2016-2027)

9.5.2.     Market Revenue and Forecast, by Capacitor (2016-2027)

9.5.3.     Brazil

9.5.3.1.          Market Revenue and Forecast, by Type (2016-2027)

9.5.3.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

9.5.4.     Rest of LATAM

9.5.4.1.          Market Revenue and Forecast, by Type (2016-2027)

9.5.4.2.          Market Revenue and Forecast, by Capacitor (2016-2027)

Chapter 10.  Company Profiles

10.1.                 ABB Ltd.

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.                 Lucy Electric

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.                 Siemens

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.                 Eaton

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.                 Norelco

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.                 Schneider Electric SE

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.                 Larsen & Toubro Limited

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.                 Hyundai Electric & Energy Systems co., Ltd.

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.                 Fuji Electric co., Ltd.

10.9.1.  Company Overview

10.9.2.  Product Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.             Crompton Greaves Consumer Electricals Ltd.

10.10.1.                  Company Overview

10.10.2.                  Product Offerings

10.10.3.                  Financial Performance

10.10.4.                  Recent Initiatives

Chapter 11.  Research Methodology

11.1.                 Primary Research

11.2.                 Secondary Research

11.3.                 Assumptions

Chapter 12.  Appendix

12.1.                 About Us

12.2.                 Glossary of Terms

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