[108 Pages Report] The global distribution components market is set to be valued at US$ 39,236.6 million in 2022. It is projected to grow at a CAGR of 4.4% from 2022 to 2032 and reach a valuation of US$ 60,525.1 million by the end of 2032.
The infrastructure sector is currently creating high-growth opportunities for distribution product manufacturers. Demand from various end-use sectors such as manufacturing, automotive, and power generation is expanding due to the ever-increasing global population.
Installation of high-tech distribution components in manufacturing facilities is also anticipated to improve power quality by ensuring efficient power use, lowering capital expenditures, and increasing the facilities' economic viability.
North America is anticipated to hold the majority of share in the global distribution components market due to escalating need for technology-driven products that would further surge cost-effectiveness and decrease power consumption. As a result, FMI has analyzed that North America will hold around 1/4th of the global distribution components market share in 2022.
Distribution components help in removing additional charges in the electricity supply. These components can also reduce energy losses and carbon footprint, as well as can be installed in the available space due to their modular design and compact size.
Demand for distribution components from numerous end-use industries such as the manufacturing industry, heavy industries, and the commercial sector is expanding due to the growing global population.
The main goal of manufacturers nowadays is to reduce operating expenses associated with wasted energy and effectively satisfy the rising demand for power worldwide. The demand for energy-saving equipment such as distribution components is also increasing as a result of stringent government policies and regulations associated with the field of energy.
Besides, distribution components are in high demand in the market as they offer numerous qualities such as continuous delivery of uninterrupted power and elimination of excess reactive power charges. This enables efficient power transmission to various industrial equipment, which would foster the global distribution components market in the next ten years.
In July 2022, for instance, Indian Prime Minister Narendra Modi participated in the grand finale of ‘Ujjwal Bharat Ujjwal Bhavishya - Power @2047’ through video conferencing. He also introduced the Ministry of Power’s flagship Revamped Distribution Sector Scheme to enhance the financial sustainability and operational efficiencies of distribution companies.
The scheme will also focus on offering financial assistance to power distribution companies for strengthening and modernizing the overall distribution infrastructure. It has also proposed to deliver nearly 25 crore smart prepaid meters to consumers across the country in the next few years.
Such novel initiatives undertaken by government bodies of both developed and developing countries are projected to bode well for the global distribution components market.
| Attributes | Key Insights |
|---|---|
| Global Distribution Components Market Estimated Size (2022E) | US$ 39,236.6 Million |
| Projected Market Valuation (2032F) | US$ 60,525.1 Million |
| Value-based CAGR (2022 to 2032) | 4.4% |
| Collective Value Share: Top 3 Countries (2022) | 32.4% |
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From 2017 to 2021, the global distribution components market exhibited steady growth at a 3.4% CAGR. It is projected to grow at a CAGR of 4.4% in the forecast period from 2022 to 2032. This increase in terms of YOY growth in 2022 is due to the rising application of distribution components such as floor-mounted distribution components across various end-use sectors.
These components are gaining immense popularity due to their ease of installation, repair, and maintenance activities. Also, the design of floor-mounted devices is compact, and thus they occupy a considerably small space.
Furthermore, demand for distribution components has significantly increased as a result of the rapid expansion of the industrial sector throughout the world, as well as rising public awareness regarding the need to save electricity by integrating distribution components into electrical systems.
Over the forecast period, it is also anticipated that the implementation of energy-efficiency norms and regulations for the building of public lighting & power systems will surge the need for distribution components.
“Need for Uninterrupted Power Supply in Automotive Production Facilities to Spur Sales of Distribution Containers”
The automotive industry requires a continuous supply of power due to the ongoing production of vehicles. Increasing demand from end users for electric vehicles is further expected to boost the production process of automotive manufacturing units, further driving the demand for safe, stable power.
Distribution components are suitable for such applications and they provide efficient power distribution across networks. Also, a poor power factor in the electric system increases the operating cost for manufacturers due to rising power consumption. Distribution components will increase cost efficiency and will lower power consumption, which would ultimately enhance the efficiency of the system.
Moreover, power consumption at various production facilities is anticipated to increase as the production capacity surges. Manufacturers nowadays are concentrating on reducing their operational costs through efficient power supply with the use of distribution components for efficient and cost-effective production.
It is projected that demand from end-user sectors will continue to increase, thereby pushing the global distribution components market during the assessment period.
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“Rising Production of Power in the US to Fuel Sales of Distributor Capacitors”
In the US, various utility-scale energy-producing facilities produced about 4,116 billion kWh of power in 2021. Coal, natural gas, petroleum, and other gases accounted for approximately 61% of the fuel used to generate this power.
According to the US Energy Information Administration, small-scale solar photovoltaic systems generated an additional 49 billion kWh of electricity in 2021. The expansion of power-producing operations in the US has had an impact on the market. The FMI study projects that the US market will grow at a CAGR of 4.2% during the forecast period.
“Presence of a Well-established Industrial Sector to Propel the Demand for Inductor Distributors in China”
China is expected to be the largest market for distribution components in East Asia during the forecast period. During the projection period of 2022 to 2032, China is expected to develop at a 6.2% CAGR in the distribution components market, finds FMI.
According to the Center for Industry Education Collaboration (CIEC) data, China's industrial production rose to 3.9% YoY in June 2022. Over the projected period, expansion of the industrial sector is expected to make China an emerging market for distribution component manufacturers.
“Rising Infrastructure Development Projects in India to Foster Sales of Semiconductor Distributors”
From 2022 to 2032, the India distribution components market is estimated to grow at a CAGR of 6.6%. Demand for distribution components is expected to be high during the forecast period owing to the increasing number of infrastructure development projects in the country.
Thus, the need for advanced power distribution systems and components is estimated to surge in India during the evaluation period. Apart from that, the Make in India program initiated by the Indian government has boosted the industrial sector in recent years, which is also expected to have a positive impact on demand in the Indian distribution components market.
“Demand for Power Distribution Generation Components to Surge in the Next Ten Years”
By product type, the distribution segment is expected to hold a prominent share in the global distribution components market throughout the forecast period. Circuit breakers, motor starters, panel boards, switch racks, and other components are mainly considered under the electricity distribution segment. As per FMI, the segment held more than 1/3rd of the global distribution components market share in 2021.
The segment is further expected to showcase a moderate growth rate at a CAGR of 3.6% in the evaluation period from 2022 to 2032. Increasing demand for energy-efficient electrical systems, especially in the industrial sector is projected to drive the segment. New upcoming construction projects across the globe are another key factor behind the growing demand for distribution components.
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The global distribution components market is highly fragmented with the presence of a large number of key players. They are mainly focusing on developing and extending production technologies to meet the changing demand of their clients. They are also striving to broaden their distribution networks and manufacturing capacities to provide sustainable solutions to reduce environmental impact.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | US$ 39,236.6 Million |
| Projected Market Valuation (2032) | US$ 60,525.1 Million |
| Value-based CAGR (2022-2032) | 4.4% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (US$ Million) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and Pacific; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, Italy, France, UK, Spain, Nordics, Russia, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Northern Africa, South AFRICA, Turkey |
| Key Market Segments Covered | Product Type and Region |
| Key Companies Profiled | Eaton Corporation; Johnson Electric Holding Ltd; Schneider Electric; ABB Ltd; General Electric; Legrand; Hitachi Ltd; Panasonic Corporation; Leviton; Mitsubishi Electric; Sumitomo Electric Industries; Emerson Electric Co; Fuji Electric; Toshiba Corporation |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
The global distribution components market is expected to reach a valuation of US$ 39,236.6 Mn in 2022.
The global distribution components market is estimated to grow at a CAGR of 4.4% during the forecast period from 2022 to 2032.
Schneider Electric, Hubbell, Siemens AG, ABB, Eaton Corp., and Toshiba Corporation are the leading distribution components market players. They collectively account for 18% to 25% of the global market share.
The China distribution components market is expected to increase at 6.2% CAGR from 2022 to 2032 on the basis of value.
The U.S., China, and India are key consumers in the distribution components market.
1. Executive Summary | Distribution Components Market 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USPs / Features 4.3. Strategic Promotional Strategies 5. Global Distribution Components Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 5.1. Historical Market Volume (‘000 Units) Analysis, 2017 to 2021 5.2. Current and Future Market Volume (‘000 Units) Projections, 2022 to 2032 5.3. Y-o-Y Growth Trend Analysis 6. Global Distribution Components Market - Pricing Analysis 6.1. Regional Pricing Analysis 6.2. Global Average Pricing Analysis Benchmark 7. Global Distribution Components Market Demand (in Value or Category-B in US$ Mn) Analysis 2017 to 2021 and Forecast, 2022 to 2032 7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021 7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.1.1. Global GDP Growth Outlook 8.1.2. Global Industrial Automation Overview 8.1.3. Manufacturing Value Addition 8.1.4. Global Power Generation Overview 8.1.5. Global Electricity Distribution Overview 8.1.6. Parent Market Overview 8.1.7. Other macro-economic factors 8.2. Forecast Factors - Relevance & Impact 8.2.1. Top Companies Historical Growth 8.2.2. GDP Growth forecast 8.2.3. Increasing Oil prices 8.2.4. Global GDP Growth Outlook 8.2.5. Global Urbanization Growth Outlook 8.2.6. Other Key Forecast factors 8.3. Value Chain 8.3.1. Raw Material Suppliers 8.3.2. Product Manufacturers 8.3.3. End Users 8.4. COVID-19 Crisis – Impact Assessment 8.4.1. Current Statistics 8.4.2. Short-Mid-Long Term Outlook 8.4.3. Likely Rebound 8.5. Market Dynamics 8.5.1. Drivers 8.5.2. Restraints 8.5.3. Opportunity Analysis 9. Global Distribution Components Market Analysis 2017 to 2021 and Forecast 2021 to 2032, by Product Type 9.1. Introduction / Key Findings 9.2. Historical Market Category-B (US$ Million) and Volume Analysis By Product Type, 2017 to 2021 9.3. Current and Future Market Category-B (US$ Million) and Volume Analysis and Forecast By Product Type, 2022 to 2032 9.3.1. Wiring Devices 9.3.2. Fire-Rated Poke Troughs 9.3.3. Floor Boxes 9.3.4. Cable Glands 9.3.5. Controls Stations and Covers 9.3.6. Distribution 9.3.7. Enclosures 9.3.8. Brake Modules 9.3.9. Mobile Electrification 9.4. Market Attractiveness Analysis By Product Type 10. Global Distribution Components Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 10.1. Introduction 10.2. Historical Market Category-B (US$ Million) and Volume Analysis By Region, 2017 to 2021 10.3. Current Market Category-B (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. South Asia Pacific 10.3.5. East Asia 10.3.6. Middle East & Africa (MEA) 10.4. Market Attractiveness Analysis By Region 11. North America Distribution Components Market Analysis 2017 to 2021 and Forecast 2022 to 2032 11.1. Introduction 11.2. Pricing Analysis 11.3. Historical Market Category-B (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 11.4. Market Category-B (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 11.4.1. By Country 11.4.1.1. The US 11.4.1.2. Canada 11.4.2. By Product Type 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Product Type 11.6. Market Trends 11.7. Key Market Participants - Intensity Mapping 11.8. Drivers and Restraints - Impact Analysis 12. Latin America Distribution Components Market Analysis 2017 to 2021 and Forecast 2021 to 2032 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Category-B (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 12.4. Market Category-B (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 12.4.1. By Country 12.4.1.1. Brazil 12.4.1.2. Mexico 12.4.1.3. Rest of Latin America 12.4.2. By Product Type 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Product Type 12.6. Market Trends 12.7. Key Market Participants - Intensity Mapping 12.8. Drivers and Restraints - Impact Analysis 13. Europe Distribution Components Market Analysis 2017 to 2021 and Forecast 2022 to 2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Category-B (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 13.4. Market Category-B (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 13.4.1. By Country 13.4.1.1. Germany 13.4.1.2. Italy 13.4.1.3. France 13.4.1.4. The UK 13.4.1.5. Spain 13.4.1.6. BENELUX 13.4.1.7. Russia 13.4.1.8. Rest of Europe 13.4.2. By Product Type 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Product Type 13.6. Market Trends 13.7. Key Market Participants - Intensity Mapping 13.8. Drivers and Restraints - Impact Analysis 14. South Asia and Pacific Distribution Components Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Category-B (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 14.4. Market Category-B (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 14.4.1. By Country 14.4.1.1. India 14.4.1.2. ASEAN 14.4.1.3. Oceania 14.4.1.4. Rest of South Asia & Pacific 14.4.2. By Product Type 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Product Type 14.6. Market Trends 14.7. Key Market Participants - Intensity Mapping 14.8. Drivers and Restraints - Impact Analysis 15. East Asia Distribution Components Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Category-B (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 15.4. Market Category-B (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 15.4.1. By Country 15.4.1.1. China 15.4.1.2. Japan 15.4.1.3. South Korea 15.4.2. By Product Type 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Product Type 15.6. Market Trends 15.7. Key Market Participants - Intensity Mapping 15.8. Drivers and Restraints - Impact Analysis 16. Middle East and Africa Distribution Components Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Category-B (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 16.4. Market Category-B (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 16.4.1. By Country 16.4.1.1. GCC Countries 16.4.1.2. Turkey 16.4.1.3. Northern Africa 16.4.1.4. South Africa 16.4.1.5. Rest of Middle East and Africa 16.4.2. By Product Type 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Product Type 16.6. Market Trends 16.7. Key Market Participants - Intensity Mapping 16.8. Drivers and Restraints - Impact Analysis 17. Emerging Countries Distribution Components Market Analysis 17.1. Introduction 17.1.1. Market Value Proportion Analysis, By Key Countries 17.1.2. Global Vs. Country Growth Comparison 17.2. U.S. Distribution Components Market Analysis 17.2.1. By Product Type 17.3. Canada Distribution Components Market Analysis 17.3.1. By Product Type 17.4. Mexico Distribution Components Market Analysis 17.4.1. By Product Type 17.5. Brazil Distribution Components Market Analysis 17.5.1. By Product Type 17.6. Germany Distribution Components Market Analysis 17.6.1. By Product Type 17.7. Italy Distribution Components Market Analysis 17.7.1. By Product Type 17.8. France Distribution Components Market Analysis 17.8.1. By Product Type 17.9. U.K. Distribution Components Market Analysis 17.9.1. By Product Type 17.10. Spain Distribution Components Market Analysis 17.10.1. By Product Type 17.11. Russia Distribution Components Market Analysis 17.11.1. By Product Type 17.12. BENELUX Distribution Components Market Analysis 17.12.1. By Product Type 17.13. China Distribution Components Market Analysis 17.13.1. By Product Type 17.14. Japan Distribution Components Market Analysis 17.14.1. By Product Type 17.15. S. Korea Distribution Components Market Analysis 17.15.1. By Product Type 17.16. India Distribution Components Market Analysis 17.16.1. By Product Type 17.17. ASEAN Distribution Components Market Analysis 17.17.1. By Product Type 17.18. Oceania Distribution Components Market Analysis 17.18.1. By Product Type 17.19. Turkey Distribution Components Market Analysis 17.19.1. By Product Type 17.20. GCC Countries Distribution Components Market Analysis 17.20.1. By Product Type 17.21. Northern Africa Distribution Components Market Analysis 17.21.1. By Product Type 17.22. South Africa Distribution Components Market Analysis 17.22.1. By Product Type 18. Market Structure Analysis 18.1. Market Analysis by Tier of Companies (Distribution Components) 18.2. Market Share Analysis of Top Players 18.3. Market Presence Analysis 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking 19.3. Competition Deep Dive 19.3.1. Eaton Corporation 19.3.1.1. Overview 19.3.1.2. Product Portfolio 19.3.1.3. Profitability by Market Segments (Product / Channel / Region) 19.3.1.4. Sales Footprint 19.3.1.5. Strategy Overview 19.3.2. Johnson Electric Holding Ltd 19.3.2.1. Overview 19.3.2.2. Product Portfolio 19.3.2.3. Profitability by Market Segments (Product / Channel / Region) 19.3.2.4. Sales Footprint 19.3.2.5. Strategy Overview 19.3.3. Schneider Electric 19.3.3.1. Overview 19.3.3.2. Product Portfolio 19.3.3.3. Profitability by Market Segments (Product / Channel / Region) 19.3.3.4. Sales Footprint 19.3.3.5. Strategy Overview 19.3.4. ABB Ltd 19.3.4.1. Overview 19.3.4.2. Product Portfolio 19.3.4.3. Profitability by Market Segments (Product / Channel / Region) 19.3.4.4. Sales Footprint 19.3.4.5. Strategy Overview 19.3.5. General Electric 19.3.5.1. Overview 19.3.5.2. Product Portfolio 19.3.5.3. Profitability by Market Segments (Product / Channel / Region) 19.3.5.4. Sales Footprint 19.3.5.5. Strategy Overview 19.3.6. Legrand 19.3.6.1. Overview 19.3.6.2. Product Portfolio 19.3.6.3. Profitability by Market Segments (Product / Channel / Region) 19.3.6.4. Sales Footprint 19.3.6.5. Strategy Overview 19.3.7. Samsung Electronics 19.3.7.1. Overview 19.3.7.2. Product Portfolio 19.3.7.3. Profitability by Market Segments (Product / Channel / Region) 19.3.7.4. Sales Footprint 19.3.7.5. Strategy Overview 19.3.8. Hitachi Ltd 19.3.8.1. Overview 19.3.8.2. Product Portfolio 19.3.8.3. Profitability by Market Segments (Product / Channel / Region) 19.3.8.4. Sales Footprint 19.3.8.5. Strategy Overview 19.3.9. Panasonic Corporation 19.3.9.1. Overview 19.3.9.2. Product Portfolio 19.3.9.3. Profitability by Market Segments (Product / Channel / Region) 19.3.9.4. Sales Footprint 19.3.9.5. Strategy Overview 19.3.10. Leviton 19.3.10.1. Overview 19.3.10.2. Product Portfolio 19.3.10.3. Profitability by Market Segments (Product / Channel / Region) 19.3.10.4. Sales Footprint 19.3.10.5. Strategy Overview 19.3.11. Mitsubishi Electric 19.3.11.1. Overview 19.3.11.2. Product Portfolio 19.3.11.3. Profitability by Market Segments (Product / Channel / Region) 19.3.11.4. Sales Footprint 19.3.11.5. Strategy Overview 19.3.12. Sumitomo Electric Industries 19.3.12.1. Overview 19.3.12.2. Product Portfolio 19.3.12.3. Profitability by Market Segments (Product / Channel / Region) 19.3.12.4. Sales Footprint 19.3.12.5. Strategy Overview 19.3.13. Whirlpool Corporation 19.3.13.1. Overview 19.3.13.2. Product Portfolio 19.3.13.3. Profitability by Market Segments (Product / Channel / Region) 19.3.13.4. Sales Footprint 19.3.13.5. Strategy Overview 19.3.14. Emerson Electric Co 19.3.14.1. Overview 19.3.14.2. Product Portfolio 19.3.14.3. Profitability by Market Segments (Product / Channel / Region) 19.3.14.4. Sales Footprint 19.3.14.5. Strategy Overview 19.3.15. WESCO International 19.3.15.1. Overview 19.3.15.2. Product Portfolio 19.3.15.3. Profitability by Market Segments (Product / Channel / Region) 19.3.15.4. Sales Footprint 19.3.15.5. Strategy Overview 19.3.16. Fuji Electric 19.3.16.1. Overview 19.3.16.2. Product Portfolio 19.3.16.3. Profitability by Market Segments (Product / Channel / Region) 19.3.16.4. Sales Footprint 19.3.16.5. Strategy Overview 19.3.17. Toshiba Corporation 19.3.17.1. Overview 19.3.17.2. Product Portfolio 19.3.17.3. Profitability by Market Segments (Product / Channel / Region) 19.3.17.4. Sales Footprint 19.3.17.5. Strategy Overview 20. Assumptions and Acronyms Used 21. Research Methodology
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Distribution Components Market
