Fixed Mounting Power Distribution Component Market Share

Asia Pacific Market Forecast

Asia Pacific in fixed mounting power distribution component market is set to hold over 45.1% revenue share by the end of 2037. The high investments in energy infrastructure projects and rising urban and industrial activities are pushing the demand for power distribution products. For instance, according to the IEA analysis, Southeast Asia invested around USD 15 billion in renewable power in 2024. South Korea, Japan, China, Australia, and India are some of the lucrative marketplaces for fixed mounting power distribution component manufacturers.

China is the top manufacturing hub of electrical systems including power distribution components, globally. The strong presence of electrical component manufacturers and increasing energy demand in the country augment the sales of power distribution components. According to the IEA analysis, China exceeded 6.4% of energy demand in 2023.

North America Market Statistics

The North America fixed mounting power distribution component market is expected to expand at a fast CAGR during the forecast period owing to rapid digitalization and aging infrastructure. The need to upgrade the older infrastructure fixed mounting power distribution components is exhibiting high demand. The rapid adoption of smart grid technologies and energy-efficient solutions is also contributing to the overall fixed mounting power distribution component market growth.

The adoption of sustainable manufacturing practices in the U.S. and strict environmental regulations have resulted in high demand for energy-efficient power distribution components. For instance, according to a report by the IEA, the U.S. invested around USD 315 billion in cleaner energy projects in 2024 to meet the COP28 goals.

Canada is at the top of renewable energy adoption across the world, which is pushing a consistent demand for advanced power distribution components in the country. The high investments in hydroelectric power projects are further influencing the sales of modern fixed mounting power distribution component projects in the country.