Panelboard Market Report: Trends, Forecast and Competitive Analysis to 2030

Panelboard Trends and Forecast

The future of the global panelboard market looks promising with opportunities in the industrial, commercial, and residential markets. The global panelboard market is expected to grow with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are expanding awareness of security and safety issues as well as a growing market for energy-efficient equipment, growing acceptance of linked devices and smart homes, along with the continuous replacement of the aging electrical grid.

A more than 150-page report is developed to help in your business decisions.

Panelboard by Segment

The study includes a forecast for the global panelboard by product type, application, and region.

Panelboard Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Distribution Or Lighting Panelboards
• Appliance Panelboards

Panelboard Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Industrial
• Commercial
• Residential
• Others

Panelboard Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Panelboard Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies panelboard companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the panelboard companies profiled in this report include-

• Schneider Electric
• Eaton
• Siemens
• Abb
• Legrand
• General Electric Company
• Rockwell Automation

Panelboard Market Insights

Lucintel forecasts that distribution of lighting panelboard is expected to witness higher growth over the forecast period because of expanding demand from end-use sectors like residential, commercial, and industrial structures combined with rising regional power consumption, as well as, rise in government programs for energy-saving measures.

APAC is expected to witness highest growth over the forecast period because of the growing commercial development activity and industrialization in the area, particularly in China and India, as well as, growing consumer demand for energy-efficient goods.

Features of the Global Panelboard Market

Market Size Estimates: Panelboard market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Panelboard market size by product type, application, and region in terms of value ($B).

Regional Analysis: Panelboard market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product type, application, and regions for the panelboard market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the panelboard market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for panelboard market?

Answer: The global panelboard market is expected to grow with a CAGR of 6.7% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the panelboard market?

Answer: The major drivers for this market are expanding awareness of security and safety issues as well as a growing market for energy-efficient equipment, growing acceptance of linked devices and smart homes, along with the continuous replacement of the aging electrical grid.

Q3. What are the major segments for panelboard market?

Answer: The future of the global panelboard market looks promising with opportunities in the industrial, commercial, and residential markets.

Q4. Who are the key panelboard market companies?

Answer: Some of the key panelboard companies are as follows.

• Schneider Electric
• Eaton
• Siemens
• Abb
• Legrand
• General Electric Company
• Rockwell Automation

Q5. Which panelboard market segment will be the largest in future?

Answer: Lucintel forecasts that distribution of lighting panelboard is expected to witness higher growth over the forecast period because of expanding demand from end-use sectors like residential, commercial, and industrial structures combined with rising regional power consumption, as well as, rise in government programs for energy-saving measures.

Q6. In panelboard market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period because of the growing commercial development activity and industrialization in the area, particularly in China and India, as well as, growing consumer demand for energy-efficient goods.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the panelboard market by product type (distribution or lighting panelboards and appliance panelboards), application (industrial, commercial, residential, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?