United States Modular Panelboard System (MPS) Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 7.9% from 2024 to 2030.
The US Modular Panelboard System (MPS) market is rapidly evolving to meet the growing demands of various industries seeking efficient, scalable, and cost-effective electrical distribution solutions. A Modular Panelboard System (MPS) offers industries flexibility by enabling easy configuration, integration, and maintenance of electrical panels, ensuring reliable performance while keeping installation costs manageable. This market is essential for numerous sectors, including manufacturing, commercial, residential, and industrial infrastructures.
One of the primary reasons for the increasing demand for Modular Panelboard Systems is the growing need for energy efficiency. As industries focus on reducing their carbon footprint, the MPS market is experiencing significant expansion. These panelboards offer better load management, enhance system reliability, and allow for easy upgrades as energy demands evolve. With rising energy consumption, industries are adopting MPS to minimize operational costs while ensuring consistent power distribution.
The MPS market is also being driven by industrial automation trends. As factories and warehouses implement automation and smart systems, the demand for flexible, easily adjustable electrical setups has surged. Modular panelboards are an ideal solution, as they provide a scalable platform to accommodate the growing needs of automated machinery and integrated systems. This is particularly beneficial in sectors like automotive manufacturing, food production, and pharmaceuticals, where real-time energy control is critical.
Additionally, the MPS market supports industries dealing with space constraints and those that require advanced, customized electrical systems. MPS solutions offer the advantage of being modular, allowing companies to scale up or down based on specific needs without investing in large, costly infrastructure upgrades. This makes them especially popular in commercial building projects, where the ability to adapt to various layouts is essential.
Furthermore, as regulatory requirements around electrical safety and system efficiency become stricter, industries are turning to Modular Panelboard Systems to meet compliance standards. The MPS market ensures that electrical setups are not only energy-efficient but also safe, with advanced features designed to prevent faults and ensure smooth power distribution.
Overall, the US Modular Panelboard System (MPS) market continues to grow as industries seek to adopt innovative, cost-effective, and flexible electrical distribution solutions. This market caters to a wide range of sectors, providing the necessary infrastructure to support the growing demands of automation, energy efficiency, and regulatory compliance.
Get an In-Depth Research Analysis of the US Modular Panelboard System (MPS) Market Size And Forecast [2025-2032]
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Eaton
ABB
Siemens
GE
Schneider Electric
Legrand
Omran Holding Group
Select Switchgear Limited
IEM
East Coast Power Systems
Thomson Power Systems
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Modular Panelboard System (MPS) Market
Commercial Sector
Industrial Sector
Residential Sector
Institutional Sector
Infrastructure Development
Power Distribution
Renewable Energy Solutions
Control Systems
Lighting Systems
Data Centers Management
Manual Panelboards
Automatic Panelboards
Smart Panelboards
Analog Panelboards
Digital Panelboards
Low Capacity (up to 200A)
Medium Capacity (201A to 600A)
High Capacity (601A to 1200A)
Ultra High Capacity (above 1200A)
Modular Capacity Options
Direct Sales
Distributors and Wholesalers
E-commerce Platforms
Retailers and Electric Supply Stores
Third-party Integrators
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Modular Panelboard System (MPS) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Modular Panelboard System (MPS) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Modular Panelboard System (MPS) Market, By Type
6. US Modular Panelboard System (MPS) Market, By Application
7. US Modular Panelboard System (MPS) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Modular Panelboard System (MPS) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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