Distribution Component Market En Route to US$ US$ 60,525.1 Million by 2032 – Insights by Future Market Insights.Inc
The Distribution Components Market report, published by Future Market Insights, an organization with ESOMAR Certified Market Research and Consulting Firm, provides insights and analysis into the Distribution Components market. It outlines the scope and content of the research, covering driving factors, market size, and forecast data for Distribution Components. The report includes detailed segmentations in revenue and shipment, along with 10-year forecasts extending to 2032. Additionally, it discusses key players in the industry, their market shares, the competitive landscape, and regional insights
The global Distribution components market is
expected to reach a valuation of around US$ 39,236.6 Million in
2022. As per a new report by Future Market Insights, the market is projected to
exhibit growth at a CAGR of 4.4% from 2022 to 2032. It is
likely to be valued at US$ 60,525.1 Million by the end of
2032.
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The market for distribution components witnessed moderate
growth during the past few years, primarily due to the rising number of
residential & infrastructure development projects across the globe. The
power generation sector has experienced high investments from governments of
various countries around the world to support the development of renewable
energy sources. The ever-increasing population and rapid urbanization have also
resulted in a moderate surge in terms of new residential construction. It is
projected to lead to high demand for residential and commercial construction,
which would have a positive impact on the demand for distribution components.
Besides, 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. 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.
Key Takeaways from the Distribution Components Market
Study:
- Over
the course of the forecast period, the controls stations and covers
segment is expected to grow at a CAGR of 5.7% and reach
around US$ 9,454.3 Million by 2032.
- By
country, the U.S. is expected to remain dominant throughout the forecast
period and is anticipated to account for more than 20% of
the market share by 2032.
- China is
expected to develop at a 6.2% CAGR in the distribution
components market during the evaluation period.
- From
2022 to 2032, the India distribution components market is
estimated to grow at a CAGR of 6.6%.
- Based
on product type, the distribution segment is likely to showcase a moderate
growth rate at a CAGR of 3.6% in the evaluation period
from 2022 to 2032.
“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,” says a Future Market Insights analyst.
Competitive Landscape: Distribution Components Market
The distribution components market is highly fragmented,
with top players accounting for less than one-third of the global market
revenue in 2021. The unorganized sector includes both European and Chinese
brands, which are selling their products through local dealers and
distributors. European brands mainly depend on their high durability, whereas
Chinese brands’ USP remains their significantly lower pricing.
- 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
Get More Insights into the Distribution Components Market
Report
In its latest report, Future Market Insights offers an
unbiased analysis of the global distribution components market, providing
historical data from 2017 to 2021 and forecast statistics for the period 2022
to 2032. To understand the global market potential, growth, and scope, the
market is segmented based on product type and by region.
Key Segments Covered In Distribution Components Market
Analysis
By Product Type:
- Wiring
Devices
- Fire
Rated Poke Through
- Floor
Boxes
- Cable
Glands
- Controls
Stations and Covers
- Distribution
- Enclosures
- Brake
Modules
- Mobile
Electrification
By Region:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia and the Pacific
- Middle
East & Africa
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