Distribution Board Global Market Report 2026

A distribution board, also known as a panel board, breaker panel, or electric panel, is a segment of an electric distribution network. It divides electrical power flow into separate channels while providing each circuit with a protective fuse or circuit breaker within a single frame.

Distribution boards are primarily categorized into low voltage and medium voltage types. Low-voltage networks, also known as secondary networks, play a crucial role in electric power distribution by carrying electricity from distribution transformers to end-user electricity meters. Mounting options for distribution boards include flush mounting and surface mounting, with applications spanning transmission and distribution utilities, manufacturing and process industries, commercial and residential infrastructure, among other sectors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the distribution board market by increasing costs for imported metals, breakers, insulation components, and smart monitoring modules, resulting in higher manufacturing and assembly expenses. The impact is particularly strong across low-voltage and medium-voltage segments and in regions reliant on imported switchgear components, such as Asia-Pacific and parts of Africa. These tariffs have extended lead times and pushed up installation costs, prompting manufacturers to localize sourcing, redesign panels to reduce tariff-affected content, and establish regional supply networks. Positively, tariffs are stimulating local manufacturing investment and driving innovation in cost-efficient, energy-optimized distribution board designs.

The distribution board market research report is one of a series of new reports from The Business Research Company that provides distribution board market statistics, including distribution board industry global market size, regional shares, competitors with a distribution board market share, detailed distribution board market segments, market trends and opportunities, and any further data you may need to thrive in the distribution board industry. This distribution board market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The distribution board market size has grown strongly in recent years. It will grow from $7.36 billion in 2025 to $7.98 billion in 2026 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to expansion of electrical distribution networks, growth in industrial and commercial construction, increasing need for circuit protection and load management, early standardization of panelboard designs, rising adoption of low-voltage distribution systems.

The distribution board market size is expected to see strong growth in the next few years. It will grow to $11.12 billion in 2030 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to growth in smart buildings and digitalized infrastructure, increasing deployment of renewable energy and distributed grids, rising demand for remote monitoring of electrical panels, expansion of urban infrastructure modernization programs, growing emphasis on energy-efficient electrical distribution systems. Major trends in the forecast period include growing adoption of modular and compact distribution boards, rising demand for enhanced circuit protection features, increased installation in expanding commercial and residential buildings, emphasis on safety compliance and improved thermal performance, rising retrofit and maintenance activities in aging infrastructure.

The rising electricity demand is expected to drive the growth of the distribution board market in the coming years. Electricity demand refers to the total amount of electrical power required or consumed by users at a given time. This growing demand is primarily driven by increased industrial activity, which requires more power to operate expanding factories, machinery, and production processes. Higher electricity demand supports the need for distribution boards by enabling efficient power management and ensuring reliable electricity distribution across residential, commercial, and industrial facilities. For instance, in April 2024, the Department of Climate Change, Energy, the Environment, and Water, an Australia-based government agency, reported that Australia's total electricity generation remained stable in 2023, reaching approximately 273,106 gigawatt hours (GWh). Renewable energy sources contributed an estimated 95,963 GWh, accounting for 35% of total generation-an increase of 3 percentage points compared to 2022. Therefore, rising electricity demand is fueling the growth of the distribution board market.

Major companies operating in the distribution board market are focusing on developing innovative solutions such as advanced, standard-compliant, modular board systems to enhance safety, improve installation efficiency, and support flexible power distribution requirements. Advanced, standard-compliant, modular board systems are electrical distribution boards designed with modern safety features, built to meet regulatory standards, and organized in interchangeable sections for flexible installation and easy future expansion. For instance, in March 2025, IPD Group, an Australia-based technology company, launched the Evolution Core Distribution Board Range to address the growing need for electrical infrastructure capable of supporting the transition to electric vehicles in Australia. The range includes the Terra AC wallbox charger with single-phase and three-phase options, smart load management, safety protections, and integration with smart building systems. This solution provides cost-effective, safe, and connected EV charging with app and RFID session control, supporting the shift toward sustainable energy use.

In May 2023, nVent, a Canada-based company specializing in electrical connection and protection solutions, acquired ECM Industries for $1.1 billion. This acquisition is in line with nVent's strategy to strengthen its portfolio in electrical connection and protection solutions, especially in high-growth markets like electrification and cable management. ECM Industries is a US-based manufacturer and supplier of electrical products.

Major companies operating in the distribution board market are Siemens AG, General Electric Company, Schneider Electric SE, Asea Brown Boveri Ltd., Larsen & Toubro Limited, Eaton Corporation plc, Legrand, Meba Electric Enterprises Co. Ltd., Rittal GmbH & Co. KG, Havells India Ltd., Hager Group, C&S Electric Limited, Lewden Palazzoli Ltd., OEZ s.r.o., Industrial Electric Manufacturing, Delixi Electric Co. Ltd., Electroalfa Group, Arabian Gulf Switchgear Ltd., Blakley Electrics, ESL Power Systems Inc., Lovato Electric S.p.A., Norelco Industries Inc., Ba'amer Electric, INDU-Electric Gerber GmbH, Shihlin Electric & Engineering Corporation

Asia-Pacific was the largest region in the distribution board market in 2025. The regions covered in the distribution board market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the distribution board market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The distribution board market consists of sales of low voltage distribution boards, medium voltage distribution boards, and other distribution boards. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Distribution Board Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses distribution board market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for distribution board ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The distribution board market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Voltage: Low Voltage; Medium Voltage
• 2) By Mounting: Flush Mounting; Surface Mounting
• 3) By End-User: Transmission And Distribution Utilities; Manufacturing And Process Industries; Commercial And Residential Infrastructure; Other End-Users
• Subsegments:
• 1) By Low Voltage: Distribution Boards (Up To 1kV); Panelboards; Consumer Units
• 2) By Medium Voltage: Switchgear Distribution Boards (1kV To 36kV); Ring Main Units (RMUs); Transformer Distribution Boards
• Companies Mentioned: Siemens AG; General Electric Company; Schneider Electric SE; Asea Brown Boveri Ltd.; Larsen & Toubro Limited; Eaton Corporation plc; Legrand; Meba Electric Enterprises Co. Ltd.; Rittal GmbH & Co. KG; Havells India Ltd.; Hager Group; C&S Electric Limited; Lewden Palazzoli Ltd.; OEZ s.r.o.; Industrial Electric Manufacturing; Delixi Electric Co. Ltd.; Electroalfa Group; Arabian Gulf Switchgear Ltd.; Blakley Electrics; ESL Power Systems Inc.; Lovato Electric S.p.A.; Norelco Industries Inc.; Ba'amer Electric; INDU-Electric Gerber GmbH; Shihlin Electric & Engineering Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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