Asia Pacific Surface Mounted Distribution Panel Market Size - By Voltage, By End Use, Forecast, 2024 – 2032

Asia Pacific Surface Mounted Distribution Panel Market Size

Asia Pacific Surface Mounted Distribution Panel Market size was valued at USD 1.6 billion in 2023 and is projected to grow at a CAGR of 5.5% between 2024 and 2032. Rapid urbanization and industrialization in emerging Asian economies are driving demand for reliable electrical distribution infrastructure. The expanding construction industry in countries like China and India is fueling the need for advanced, space-efficient distribution panels. Investments in smart grids and renewable energy integration across the region are increasing demand for surface-mounted panels, which offer easy installation in confined spaces.
 

Government initiatives in Asia Pacific countries promoting energy-efficient infrastructure are supporting market growth. For instance, China's commitment to achieving carbon neutrality by 2060 is driving the adoption of modern electrical systems. Rising electricity demand in densely populated Asian cities and a growing focus on safety and sustainability are further contributing to market expansion. These factors are creating a favorable environment for the growth of surface-mounted distribution panels across various industries in the Asia Pacific region.
 

Asia Pacific Surface Mounted Distribution Panel Market Trends

The Asia Pacific surface-mounted distribution panel industry is driven by several key trends. Smart and energy-efficient panels are gaining traction due to increasing demand for intelligent electrical systems in smart buildings and grid modernization efforts. Advanced monitoring and control technologies are being integrated into these panels, enabling real-time energy management and fault detection.
 

Compact, modular designs are preferred, especially in space-constrained urban environments. The market is also influenced by renewable energy integration, with surface-mounted panels increasingly used in solar and wind energy projects. According to the International Energy Agency, renewable energy capacity in the Asia Pacific region grew by 145 GW in 2022, accounting for 75% of global capacity additions. This growth underscores the increasing importance of efficient power distribution management in the renewable energy sector.
 

Asia Pacific Surface Mounted Distribution Panel Market Analysis

The medium voltage segment is expected to surpass USD 2 billion by 2032. This growth is driven by the increasing demand for reliable power distribution in industrial and commercial sectors, where medium voltage panels are essential for managing higher electrical loads. The rapid expansion of manufacturing industries, infrastructure projects, and renewable energy installations across the region is further boosting the need for medium voltage distribution panels.
 

Additionally, ongoing grid modernization efforts and investments in smart grid technologies are supporting the adoption of advanced medium voltage panels, which offer improved efficiency, safety, and the ability to integrate with intelligent energy management systems.
 

The Asia Pacific surface-mounted distribution panel market in the commercial sector is witnessing significant trends, with growth expected to exceed a CAGR of 6% by 2032. This expansion is driven by the increasing demand for reliable electrical infrastructure in commercial buildings, fueled by rapid urbanization and the rise of smart building projects. The adoption of energy-efficient solutions, coupled with the need for space-saving and easily installable panels, is further accelerating market growth.
 

Additionally, the integration of advanced monitoring and control systems in modern distribution panels enhances energy management and safety, making them a preferred choice for commercial applications. Government initiatives promoting energy efficiency and the upgrading of outdated electrical systems also contribute to this upward trend.
 

China's surface-mounted distribution panel market is set to exceed USD 1 billion by 2032, driven by rapid industrialization, urbanization, and increasing demand for modern electrical infrastructure. The surge in construction projects, particularly in commercial and residential sectors, fuels the need for advanced, space-efficient distribution panels. China's focus on smart cities and energy-efficient building solutions accelerates the adoption of surface-mounted panels offering enhanced safety, easy installation, and compact design.
 

Government initiatives to modernize electrical grids and expand renewable energy projects further support market growth. According to the National Energy Administration, China's installed capacity of renewable energy reached 1,100 GW by the end of 2021, accounting for 44.8% of the total installed power capacity, highlighting the increasing demand for advanced distribution panels in the renewable energy sector. The rise of smart grids and intelligent energy management systems also increases demand for technologically advanced distribution panels across various sectors, solidifying China's market expansion.
 

Asia Pacific Surface Mounted Distribution Panel Market Share

ABB holds a significant share in the Asia Pacific surface-mounted distribution panel industry, driven by the region's rapid industrial growth, urbanization, and increasing energy demand. ABB’s advanced technology solutions, coupled with a strong focus on sustainability and energy efficiency, have made it a key player in providing reliable, safe, and innovative distribution panels across commercial, industrial, and residential sectors.
 

Asia Pacific Surface Mounted Distribution Panel Market Companies

Some of the key market players operating across the Asia Pacific surface mounted distribution panel industry are:

• ABB
• alfanar
• Chengdu Youlike
• Connected Switchgears
• Eaton
• Gem Switchgear
• General Electric
• Hager
• Larsen & Toubro
• Legrand
• Power Tech India
• Schneider Electric
• Siemens
• Terasaki Electric
• Zhejiang Zhegui Electric
   

Asia Pacific Surface Mounted Distribution Panel Industry News

• In November 2023, Eaton introduced its innovative Rack PDU G4, a power distribution solution for data centers and edge facilities. This globally scalable PDU supports a wide range of equipment and facility types, enabling data center operators to streamline power management across multiple locations. The Rack PDU G4 simplifies operations, reduces costs, and enhances efficiency by using a single PDU solution.
   
• In October 2023, Siemens expanded its sustainable and digital switchgear portfolio for primary distribution, launching the F-gas-free blue GIS switchgear for grids up to 24kV. The switchgear aids decarbonization by reducing CO2 emissions, utilizing Clean Air insulation, and supporting predictive maintenance with integrated sensors. It also aligns with Siemens' commitment to sustainability.
   

Asia Pacific surface mounted distribution panel market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Voltage

• Low voltage
• Medium voltage

Market, By End Use

• Residential
• Commercial
• Industrial
• Utility

The above information has been provided for the following countries:

• China
• India
• Japan
• South Korea
• Australia