Allied Market Research

2024

Lighting And Distribution Panel Board Market

Lighting and Distribution Panel Board Market Size, Share, Competitive Landscape and Trend Analysis Report by Type and by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

SE : Electronic Systems and Devices

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Author's: | Sonia Mutreja
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Lighting and Distribution Panel Board Market Outlook-2026

Lighting and electric panel is a device that consist fuses or circuit breakers, which is used to protect the circuits and also used for switching or controlling lights and lighting circuits. The lighting and distribution panel boards are considered as backbone of the electrical distribution system. They offer complete flexibility for handling circuits and retain stability of the electrical load on various phases. It provides broad design capability to installers to fix a greater number of breakers in limited space available, offering lighting and appliance branch circuit protection for sequence phased connection.

The lighting and distribution panel board market is expected to witness growth due to increase in need for reliable and energy-efficient power distribution infrastructure across various industry verticals. The ongoing trend of upgradation of various advanced technologies in commercial and industrial infrastructures such as automation, robotics, and others has made lighting and distribution panel boards ideal solution for contractors, owing to their efficient ratings to meet the industry standards, less power consumption, and cost-effectiveness. For instances, Eaton Corporation, company based in Ireland, developed the product called “retrofit Lighting and Distribution panel boards” for existing electrical infrastructure to reduce wall repair costs and use already available box, bus bars, and enclosures. Such benefits at a competitive cost forces the key manufacturers to develop products that provide high priority to minimize delay time of critical operations and ensure safety and reliability.

Factors such as increase in government financial initiatives toward electrification rate, rise in need for energy-efficient power distribution infrastructure at both transmission and distribution levels drive the lighting and distribution panel board market growth. However, high cost and lack of standardization restrain the market growth. Furthermore, emergence of advanced technologies and incorporation of smart features such as integrated hardware and software application, enabling users to identify overloads and improve operational efficiency are expected to provide lucrative opportunities for the growth of the lighting and distribution panel board market.

The lighting and distribution panel board market share is segmented into type, device, application, and region. Based on type, the market is bifurcated into lighting and distribution. Based on devices, it is divided into box, bus bars, enclosure, and others. By application, the market is categorized into residential, commercial, energy, healthcare, and utilities. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the lighting and distribution panel board industry include Eaton Corporation Plc, Schneider Electric SE, Siemens AG, General Electric Company, Legrand, Industrial Electric Mfg, Emerson Electric Co., Hubbell Incorporated, Bay Power Inc. and Hager Ltd. These players adopt collaboration, partnership, and agreement as their key developmental strategies to increase revenue of the lighting and distribution panel board market and develop new products for enhancing product portfolio.

KEY BENEFITS FOR STAKEHOLDERS

  • This study includes the analytical depiction of the global lighting and distribution panel board market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information regarding the key drivers, restraints, and opportunities.
  • The current market is quantitatively analyzed to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Lighting and Distribution Panel Board Market Report Highlights

Aspects Details
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By Type
  • Lighting
  • Distribution
  • By Devices
  • Box
  • Bus Bars
  • Enclosure
  • Others
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By Application
  • Residential
  • Commercial
  • Energy
  • Healthcare
  • Utilities
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Hager Ltd, Industrial Electric Mfg, Eaton Corporation Plc, Hubbell Incorporated, Siemens AG, Emerson Electric Co, Legrand, Schneider Electric SE, General Electric Company, Bay Power Inc

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Lighting and Distribution Panel Board Market

Global Opportunity Analysis and Industry Forecast, 2023-2032