Global LV Modular Panel Board Market Growth 2025-2031

The global LV Modular Panel Board market size is predicted to grow from US$ 7363 million in 2025 to US$ 10330 million in 2031; it is expected to grow at a CAGR of 5.8% from 2025 to 2031.

LV modular panel board is a component of an LV electricity supply system that divides an electrical power feed into subsidiary circuits while providing a protective fuse or circuit breaker for each circuit in a common enclosure.

Rising demand for low-voltage control systems with advanced features supported by power supply reforms, growing population, and expanding multi-storey apartments and residential complexes will spur product adoption. The switchboard industry is expected to gain considerable momentum owing to increasing focus on energy efficiency directives and regulations to minimize power loss and reduce energy consumption, which will accelerate the industry size. Rising penetration of renewable energy sources including wind and solar energy coupled with rising demand for smart distribution panel systems including smart grid systems and smart homes will stimulate favorable business scenarios. The switchboard market is set to witness growth owing to rising electrification rates and ongoing renovation of existing power infrastructure. Expansion of residential and commercial electricity networks driven by mass suburban migration will aid market growth. Moreover, with the rapid digitization of industrial peripherals, the development of stand-alone microgrid projects will have a positive impact on industry dynamics.

LP Information, Inc. (LPI) ' newest research report, the “LV Modular Panel Board Industry Forecast” looks at past sales and reviews total world LV Modular Panel Board sales in 2024, providing a comprehensive analysis by region and market sector of projected LV Modular Panel Board sales for 2025 through 2031. With LV Modular Panel Board sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LV Modular Panel Board industry.

This Insight Report provides a comprehensive analysis of the global LV Modular Panel Board landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on LV Modular Panel Board portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global LV Modular Panel Board market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LV Modular Panel Board and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global LV Modular Panel Board.

This report presents a comprehensive overview, market shares, and growth opportunities of LV Modular Panel Board market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Indoor Type
Outdoor Type

Segmentation by Application:
Residential Building
Commercial Building
Industrial Building
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Schneider Electric
ABB
Hager Group (Bocchiotti SPA)
Legrand
Siemens
Eaton Corporation
INDU-ELECTRIC Gerber
Blakley Electrics
General Electric
Havells
East Coast Power Systems
Industrial Electric Mfg
OEZ
ESL Power Systems
NHP Electrical Engineering
Arabian Gulf Switchgear
Abunayyan Holding
SEL SpA

Key Questions Addressed in this Report

What is the 10-year outlook for the global LV Modular Panel Board market?

What factors are driving LV Modular Panel Board market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do LV Modular Panel Board market opportunities vary by end market size?

How does LV Modular Panel Board break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.