North America Surface Mounted Distribution Panel Market - By Voltage, By End Use Analysis & Forecast, 2024 – 2032

North America Surface Mounted Distribution Panel Market Size

North America surface mounted distribution panel market size was valued USD 935.9 million in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2032. Urbanization and infrastructure development drive demand for residential and commercial construction. Energy efficiency focus and smart technology integration, including smart meters and home automation systems, expand the market.
 

Regulatory standards on safety and performance encourage system upgrades. The U.S. Energy Information Administration reports that small-scale solar photovoltaic systems generated 41.7 billion kilowatt-hours of electricity in 2021, highlighting the increasing need for advanced distribution panels to support renewable energy installations. These trends create a favorable environment for the surface-mounted distribution panel market in North America.
 

North America Surface Mounted Distribution Panel Market Trends

The North America surface-mounted distribution panel market is growing due to increased demand for efficient electrical distribution systems across sectors. Smart, energy-efficient panels with advanced monitoring technologies are gaining traction, enhancing energy management and reducing costs. The rise in renewable energy installations, particularly solar, is driving demand for compatible distribution solutions. According to the U.S. Energy Information Administration, solar electricity generation in the United States increased by 26% in 2022 compared to the previous year, highlighting the growing need for advanced distribution panels.
 

Regulatory changes focused on energy efficiency and safety standards are accelerating the adoption of modern surface-mounted panels. As construction and renovation activities expand in North America, the market is poised for growth, offering innovative solutions to meet evolving electrical demands.
 

North America Surface Mounted Distribution Panel Market Analysis

The North America surface-mounted distribution panel market in the commercial sector is anticipated to surpass USD 570 million by 2032. This growth is driven by several factors, including the increasing demand for energy-efficient solutions to optimize electrical systems in commercial buildings. The rising trend of smart buildings, which incorporate advanced technologies for energy management, is also contributing to this market expansion. Furthermore, the ongoing renovation and retrofitting of existing infrastructures to meet modern safety and efficiency standards are propelling demand. Regulatory initiatives aimed at enhancing energy efficiency and sustainability will further drive the adoption of surface-mounted distribution panels across the commercial sector.
 

The North American surface-mounted distribution panel market for medium voltage panels is expected to grow at a CAGR of over 4% by 2032. This growth is fueled by the increasing need for reliable and efficient electrical distribution systems across various industries, particularly in commercial and industrial sectors. The transition towards renewable energy sources and the expansion of electric vehicle infrastructure are driving investments in medium voltage solutions. Additionally, stringent regulatory requirements and standards aimed at improving energy efficiency and safety are propelling the adoption of these panels. Technological advancements, such as smart grid integration, further enhance their appeal in the market.
 

The U.S. surface-mounted distribution panel market is projected to exceed USD 1 billion by 2032, driven by increasing demand for energy-efficient electrical systems across sectors, growing adoption of smart building technologies, and ongoing infrastructure upgrades. Regulatory pressures for improved energy efficiency and safety standards further contribute to market expansion. The U.S. Department of Energy reports that commercial buildings account for 35% of U.S. electricity consumption, highlighting the potential for energy-efficient distribution panels in this sector. These factors collectively position the U.S. surface-mounted distribution panel market for substantial growth in the coming years.
 

The growth of the Canada surface-mounted distribution panel market is driven by increasing demand for energy-efficient solutions, the expansion of residential and commercial infrastructure, and regulatory initiatives promoting electrical safety and reliability. Additionally, advancements in smart grid technology and the rising adoption of renewable energy sources further contribute to the market's expansion, enhancing the need for efficient distribution systems.
 

North America Surface Mounted Distribution Panel Market Share

ABB holds a significant share in the North America surface-mounted distribution panel market due to its commitment to innovation and energy-efficient solutions. The company’s advanced technologies and comprehensive product range cater to the increasing demand for reliable electrical distribution in residential and commercial sectors. Additionally, ABB's strong presence and brand reputation enhance its competitive edge in this growing market.
 

North America Surface Mounted Distribution Panel Market Companies

Some of the key market players operating across the North America surface mounted distribution panel industry are:

• ABB
• Ags
• alfanar Group
• Eaton
• Gem Switchgear
• General Electric
• Hager Group
• Legrand
• Larson Electronics
• Meba Electric
• NHP
• Norelco
• Raycap
• Schneider Electric
• Siemens
• Voltex
   

North America Surface Mounted Distribution Panel Industry News:

• In April 2024, Larson Electronics launched a new 125-amp electrical power distribution panel designed for industrial settings. The new panel provides three-phase 240V AC through a main lug only configuration, featuring 12 20-amp breakers and a NEMA 1 enclosure for dust and moisture protection. Ideal for both indoor and outdoor use, this unit allows operators to access power sources independently and supports up to 24 circuits, enhancing efficiency in industrial work areas.
   
• In November 2023, Eaton unveiled the Rack PDU G4, a cutting-edge power distribution unit tailored for data centers and edge facilities. This globally adaptable PDU supports various equipment and facility types, enabling operators to optimize power management across multiple locations. The Rack PDU G4 enhances operational efficiency, reduces costs, and simplifies processes with its comprehensive all-in-one solution.
   

North America 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:

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Market, By Voltage, 2021 – 2032 (USD Million)

• Low voltage
• Medium voltage

Market, By End Use, 2021 – 2032 (USD Million)

• Residential
• Commercial
• Industrial
• Utility

The above information has been provided for the following countries:

• U.S.
• Canada