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市場調查報告書
商品編碼
1324347

到 2030 年車身控制模組 (BCM) 的全球市場預測:按車輛類型、組件、功能、電動車、通訊協定、位大小、配電組件和區域進行分析

Body Control Module Market Forecasts to 2030 - Global Analysis By Vehicle Type, Component, Functionality, Electric Vehicle, Communication Protocol, Bit Size, Power Distribution Component and By Geography

出版日期: | 出版商: Stratistics Market Research Consulting | 英文 175+ Pages | 商品交期: 2-3個工作天內

價格

據Stratistics MRC預測,2023年全球車身控制模組(BCM)市場規模將達到349億美元,預計到2030年將達到478億美元,預測期內年複合成長率為4.5%。

稱為車身控制模組 (BCM)的電控系統負責監控和管理汽車中安裝的所有電子零件。電動車窗、電動後視鏡、空調、防盜系統、中控鎖和許多其他功能均由 BCM 控制。車輛總線是連接各種車輛部件的內部通訊網路,並充當 BCM 和車輛處理器之間的介面。其主要功能是控制道路駕駛員,駕駛員激活繼電器來執行鎖門和調暗沙龍頭頂燈等功能。 BCM 利用功能強大的微處理器來連接輸入和輸出。

嵌入式車身控制模組 (BCM) 解決方案

嵌入式軟體在汽車開發中日益重要,是影響該行業的主要趨勢之一。對複雜汽車嵌入式解決方案的需求是由這些系統的小尺寸驅動的。先進的車隊管理影片遠程資訊處理和嵌入式電子設備可以在您的車輛中安裝新的位置導航系統,及早發現潛在問題,並避免緊急更換機械零件。

OEM面臨的成本壓力日益增大

由於對眾多汽車零件實施動態監管,OEM面臨著巨大的成本壓力。嚴格的排放法規、高昂的研發成本、市場競爭力和不斷變化的客戶需求影響著OEM的高成本壓力。此外,如果出現產品缺陷或召回,OEM必須承擔責任。這些因素可能會限制預期期間的市場擴張。

對小型且可靠的 BCM 的需求不斷成長

汽車BCM的設計主要變得更加複雜。儘管許多 BCM 用於容納汽車中越來越多的電子零件,但對較小 BCM 的需求仍在增加。由於不斷的市場創新和進步,BCM 製造商也開始製造更小、更可靠的汽車 BCM。因此,由於持續的技術創新趨勢以及對小型可靠模組的需求不斷增加,車身控制模組市場在預測期內可能會出現良好的成長。

模組複雜度

BCM 是一個包含軟體的嵌入式系統,因此它變得更加精密、複雜和線路集中。使用 BCM 的OEM必須確保複雜性的增加不會導致車輛服務故障。 BCM整合不僅會導致複雜的網路拓撲,還會導致與控制單元的通訊和介面問題。因此,所有這些要素預計將在不久的將來抑制車身控制模組市場的成長。

COVID-19 的影響:

全球車身控制模組市場受到了 COVID-19 疫情的嚴重影響。受疫情影響,消費者支出下降,經濟不確定性增加,導致汽車銷量大幅下降。由於汽車需求下降,汽車製造商減少了產量。車身控制模組(BCM)市場立即受到需求下降的影響。全球製造業和供應鏈因遏制疫情的關閉和限製而受到干擾。採購必要的零件,尤其是 BCM,一直是許多電子設備供應商和製造商面臨的挑戰,導致製造延遲和產品短缺。

預計高階市場在預測期內將是最大的市場

高階市場預計將出現良好成長。由於對車內禮賓車身功能和處理此類關鍵功能的需求不斷成長,OEM面臨著為其車輛配備高階車身控制模組的壓力。 BCM將具有更先進的微控制器結構。 High BCM 用於擋風玻璃刮水器、座椅調節、中控鎖系統以及外部和內部照明。

控制器局域網 (CAN) 領域預計在預測期內年複合成長率最高

控制器局域網(CAN)領域預計在預測期內將以最快的年複合成長率成長。隨著物聯網(IoT)、車聯網、雲端運算技術的發展,CAN總線正在引領全球市場。按應用,市場還可細分為 MCV 和 HCV、LCV 和乘用車。由於已開發國家和新興國家對乘用車的需求不斷增加,預計乘用車市場在預測期內將出現更快的成長。

佔比最大的地區:

預計亞太地區在預測期內將佔據最大的市場佔有率。中國、韓國和印度等其他亞太國家是最大的汽車製造商之一。預計中國汽車行業在預測期內將成長十倍。由於車輛產量的增加和附加電子零件的加入,預計未來幾年對車身控制模組 (BCM) 的需求將會增加。

複合年複合成長率最高的地區:

由於高檔汽車製造的增加,預計歐洲在預測期內將出現最高的年複合成長率。對資訊娛樂系統和車載連接的需求也推動了該地區的市場成長。各國可支配收入水平的提高和都市化的加快進一步增加了對乘用車和商用車的需求。隨著消費者購買意願的不斷提高,具有先進功能的車輛的採用率不斷增加,進一步推動了對 BCM 和以太網技術的需求。

免費客製化服務:

訂閱此報告的客戶將收到以下免費客製化選項之一:

  • 公司簡介
    • 其他市場參與者的綜合分析(最多 3 家公司)
    • 主要企業SWOT分析(最多3家企業)
  • 區域分割
    • 根據客戶興趣對主要國家的市場估計、預測和年複合成長率(注:基於可行性檢查)
  • 競爭標杆管理
    • 根據產品系列、地域分佈和戰略聯盟對主要企業進行基準測試

目錄

第1章 執行摘要

第2章 前言

  • 概述
  • 利益相關者
  • 調查範圍
  • 調查方法
    • 資料挖掘
    • 資料分析
    • 資料檢驗
    • 研究途徑
  • 調查來源
    • 主要調查來源
    • 二次調查來源
    • 假設

第3章 市場趨勢分析

  • 促進因素
  • 抑制因素
  • 機會
  • 威脅
  • 新興市場
  • 新型冠狀病毒感染疾病(COVID-19)的影響

第4章 波特五力分析

  • 供應商的議價能力
  • 買方議價能力
  • 替代品的威脅
  • 新進入者的威脅
  • 競爭公司之間的敵對關係

第5章 全球車身控制模組(BCM)市場:按車型分類

  • 小型車輛
    • 中級
    • 經濟艙
    • 豪華級
  • 大型車輛
    • 公共汽車
    • 卡車
  • 其他車型

第6章 全球車身控制模組(BCM)市場:按組成部分

  • 軟體
  • 硬體
  • 其他組件

第7章 全球車身控制模組(BCM)市場:按功能

  • 低階
  • 高階
  • 其他特性

第8章 全球車​​身控制模組(BCM)市場:電動車

  • 燃料電池電動車
  • 插電式混合電動車
  • 電池電動車
  • 其他電動車

第9章 全球車身控制模組(BCM)市場:按通訊協定

  • 控制器局域網 (CAN)
  • 本地互連網路 (LIN)
  • 弗萊克斯雷
  • 其他通訊協定

第10章 全球車身控制模組(BCM)市場:按位大小

  • 32位
  • 16位
  • 8位
  • 其他鑽頭尺寸

第11章全球車身控制模組(BCM)市場:按配電組件分類

  • 保險絲
  • 中繼
  • 其他配電元件

第12章全球車身控制模組(BCM)市場:按地區

  • 北美
    • 美國
    • 加拿大
    • 墨西哥
  • 歐洲
    • 德國
    • 英國
    • 義大利
    • 法國
    • 西班牙
    • 其他歐洲國家
  • 亞太地區
    • 日本
    • 中國
    • 印度
    • 澳大利亞
    • 紐西蘭
    • 韓國
    • 其他亞太地區
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地區
  • 中東和非洲
    • 沙烏地阿拉伯
    • 阿拉伯聯合大公國
    • 卡達
    • 南非
    • 其他中東和非洲

第13章進展

  • 契約、夥伴關係、協作和合資企業
  • 收購和合併
  • 新產品發布
  • 業務擴展
  • 其他關鍵策略

第14章公司簡介

  • Visteon
  • Infineon Technologies
  • Lear Corporation
  • Continental
  • Denso Corporation
  • Stmicroelectronics
  • Renesas Electronics Corporation
  • NXP Semiconductors
  • Robert Bosch
  • Hella
  • Aptiv
  • Mitsubishi Electric Corporation
  • Toshiba Corporation
  • Diamond Electric
  • New Japan Radio
  • Delphi Automotive PLC
  • Mouser Electronics
Product Code: SMRC23572

According to Stratistics MRC, the Global Body Control Module Market is accounted for $34.9 billion in 2023 and is expected to reach $47.8 billion by 2030 growing at a CAGR of 4.5% during the forecast period. An electronic control unit called the body control module (BCM) is in charge of keeping an eye on and managing all of the installed electronic components in a car. The power windows, power mirrors, air conditioning, immobilizer system, central locking, and a number of additional features can all be controlled by the BCM. The vehicle bus, an internal communication network connecting various vehicle components, serves as the interface between the BCM and on-board processors. Its main function is to control load drivers, which in turn activate relays to carry out functions such as locking the doors or dimming the salon overhead lamp. BCM makes use of potent microprocessors to link inputs and outputs.

Market Dynamics:

Driver:

Embedded body control module solutions

The increasing importance of embedded software in vehicle development is one of the key trends influencing this industry. The demand for complicated embedded automotive solutions is driven by the tiny size of these systems. The installation of new location-navigation systems in cars, the detection of potential problems early on, and avoiding the need for hurried mechanical part replacement are all made possible by advanced fleet management video telematics and embedded electronics.

Restraint:

Increasing cost pressures OEMs face

OEMs are facing intense cost pressure as a result of dynamic rules imposed on numerous vehicle components. OEMs' high-cost pressures were influenced by strict emission regulations, significant R&D expenditures, market competitiveness, and changing customer needs. Additionally, they are responsible for any such product failures or recalls, which can have an effect on the bottom line, since they are required to keep production costs low in order to fulfill demand while simultaneously delivering high-quality products. These elements could limit market expansion during the anticipated term.

Opportunity:

Increasing demand for small and reliable BCMs

The design of automotive BCMs has primarily become more intricate. Despite the fact that many BCMs are used to account for the rising electronic content in automobiles, there is an increasing need for tiny BCMs. BCM producers have also started making compact and reliable BCMs for cars thanks to ongoing market innovation and advancement. As a result, the market for body control modules will experience favourable growth over the course of the forecast period due to the trend of ongoing innovation and growing demand for compact, dependable modules.

Threat:

Increase in complexity of module

BCMs are embedded systems with embedded software, which is what causes them to become more sophisticated, complex, and line-intensive. OEMs utilizing BCMs must control the rise in complexity that causes services in vehicles to fail. The integration of BCMs causes a complex network topology, as w ell as communication and interface issues with the controlling units. Therefore, it is anticipated that all of these factors will in the near future restrain the growth of the body control module market .

COVID-19 Impact:

The global market for body control modules was significantly impacted by the COVID-19 epidemic. Vehicle sales significantly reduced as a result of the pandemic as consumer spending fell and economic uncertainty increased. Automobile producers had cut their output due to a decline in vehicle demand. The body control module (BCM) market was immediately influenced by this reduction in demand. The global manufacturing and supply chain were interrupted by closures and limitations imposed to stop the outbreak. Finding the necessary components, especially BCMs, was challenging for many electronics vendors and manufacturers, which caused manufacturing delays and product shortages.

The high end segment is expected to be the largest during the forecast period

The high end segment is estimated to have a lucrative growth. OEMs are being forced to deploy high-end body control modules in vehicle models as a result of the rising demand for concierge body function inside the vehicles and handling such a crucial function. A microcontroller with a higher configuration is placed in BCM. High BCM is utilized in windshield wipers, seat adjustments, central locking systems, and outside and interior illumination.

The controller area network (CAN) segment is expected to have the highest CAGR during the forecast period

The controller area network (CAN) segment is anticipated to witness the fastest CAGR growth during the forecast period. As the internet of things (IoT), connected car, and cloud computing technologies have developed, the CAN bus has taken the lead in the global market. On the basis of application, the market can also be segmented into MCVs and HCVs, LCVs, and passenger automobiles. Due to a rise in demand for passenger cars in both developed and emerging nations, the passenger car segment is anticipated to grow more quickly throughout the projected period.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period. One of the top makers of automobiles are nations in the Asia Pacific, including China, South Korea, and others are India. The Chinese automotive sector is anticipated to develop tenfold throughout the projection period. Due to increased vehicle production and the installation of additional electronic components, the need for body control modules is anticipated to increase in the upcoming years.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the increase in premium car manufacture. The demand infotainment systems, and in-car connectivity is also driving regional market growth. The rising disposable income levels and increasing urbanization in countries have further increased the demand for passenger cars and commercial vehicles. With the rising consumer purchasing power, vehicles with advanced features are witnessing increased adoption, further propelling the demand for BCM & Ethernet technology in the market.

Key players in the market:

Some of the key players profiled in the Body Control Module Market include: Visteon, Infineon Technologies, Lear Corporation, Continental, Denso Corporation, Stmicroelectronics, Renesas Electronics Corporation, NXP Semiconductors, Robert Bosch, Hella, Aptiv, Mitsubishi Electric Corporation, Toshiba Corporation, Diamond Electric, New Japan Radio, Delphi Automotive PLC and Mouser Electronics.

Key Developments:

In May 2022, Renesas and Intel partnered to develop a new BCM using Intel's Atom processor. The BCM is more powerfuls & energy-efficient than its previous models and supports a wider range of features such as ADAS & autonomous driving.

In January 2022, Bosch and Nvidia partnered to develop a new BCM based on Nvidia's Drive Orin platform. It is designed to be more powerful and efficient than previous BCM models and can support a wider range of features such as ADAS & autonomous driving.

Vehicle Types Covered:

  • Light-Duty Vehicle
  • Heavy-Duty Vehicle
  • Other Vehicle Types

Components Covered:

  • Software
  • Hardware
  • Other Components

Functionalities Covered:

  • Low End
  • High End
  • Other Functionalities

Electric Vehicles Covered:

  • Fuel Cell Electric Vehicle
  • Plug-In Hybrid Electric Vehicle
  • Battery Electric Vehicle
  • Other Electric Vehicles

Communication Protocols Covered:

  • Controller Area Network (CAN)
  • Local Interconnect Network (LIN)
  • Flexray
  • Other Communication Protocols

Bit Sizes Covered:

  • 32 Bit
  • 16 Bit
  • 8 Bit
  • Other Bit Sizes

Power Distribution Components Covered:

  • Fuses
  • Relays
  • Other Power Distribution Components

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Emerging Markets
  • 3.7 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Body Control Module Market, By Vehicle Type

  • 5.1 Introduction
  • 5.2 Light-Duty Vehicle
    • 5.2.1 Mid-Size Class
    • 5.2.2 Economy Class
    • 5.2.3 Luxury Class
  • 5.3 Heavy-Duty Vehicle
    • 5.3.1 Bus
    • 5.3.2 Truck
  • 5.4 Other Vehicle Types

6 Global Body Control Module Market, By Component

  • 6.1 Introduction
  • 6.2 Software
  • 6.3 Hardware
  • 6.4 Other Components

7 Global Body Control Module Market, By Functionality

  • 7.1 Introduction
  • 7.2 Low End
  • 7.3 High End
  • 7.4 Other Functionalities

8 Global Body Control Module Market, By Electric Vehicle

  • 8.1 Introduction
  • 8.2 Fuel Cell Electric Vehicle
  • 8.3 Plug-In Hybrid Electric Vehicle
  • 8.4 Battery Electric Vehicle
  • 8.5 Other Electric Vehicles

9 Global Body Control Module Market, By Communication Protocol

  • 9.1 Introduction
  • 9.2 Controller Area Network (CAN)
  • 9.3 Local Interconnect Network (LIN)
  • 9.4 Flexray
  • 9.5 Other Communication Protocols

10 Global Body Control Module Market, By Bit Size

  • 10.1 Introduction
  • 10.2 32 Bit
  • 10.3 16 Bit
  • 10.4 8 Bit
  • 10.5 Other Bit Sizes

11 Global Body Control Module Market, By Power Distribution Component

  • 11.1 Introduction
  • 11.2 Fuses
  • 11.3 Relays
  • 11.4 Other Power Distribution Components

12 Global Body Control Module Market, By Geography

  • 12.1 Introduction
  • 12.2 North America
    • 12.2.1 US
    • 12.2.2 Canada
    • 12.2.3 Mexico
  • 12.3 Europe
    • 12.3.1 Germany
    • 12.3.2 UK
    • 12.3.3 Italy
    • 12.3.4 France
    • 12.3.5 Spain
    • 12.3.6 Rest of Europe
  • 12.4 Asia Pacific
    • 12.4.1 Japan
    • 12.4.2 China
    • 12.4.3 India
    • 12.4.4 Australia
    • 12.4.5 New Zealand
    • 12.4.6 South Korea
    • 12.4.7 Rest of Asia Pacific
  • 12.5 South America
    • 12.5.1 Argentina
    • 12.5.2 Brazil
    • 12.5.3 Chile
    • 12.5.4 Rest of South America
  • 12.6 Middle East & Africa
    • 12.6.1 Saudi Arabia
    • 12.6.2 UAE
    • 12.6.3 Qatar
    • 12.6.4 South Africa
    • 12.6.5 Rest of Middle East & Africa

13 Key Developments

  • 13.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 13.2 Acquisitions & Mergers
  • 13.3 New Product Launch
  • 13.4 Expansions
  • 13.5 Other Key Strategies

14 Company Profiling

  • 14.1 Visteon
  • 14.2 Infineon Technologies
  • 14.3 Lear Corporation
  • 14.4 Continental
  • 14.5 Denso Corporation
  • 14.6 Stmicroelectronics
  • 14.7 Renesas Electronics Corporation
  • 14.8 NXP Semiconductors
  • 14.9 Robert Bosch
  • 14.10 Hella
  • 14.11 Aptiv
  • 14.12 Mitsubishi Electric Corporation
  • 14.13 Toshiba Corporation
  • 14.14 Diamond Electric
  • 14.15 New Japan Radio
  • 14.16 Delphi Automotive PLC
  • 14.17 Mouser Electronics

List of Tables

  • Table 1 Global Body Control Module Market Outlook, By Region (2021-2030) ($MN)
  • Table 2 Global Body Control Module Market Outlook, By Vehicle Type (2021-2030) ($MN)
  • Table 3 Global Body Control Module Market Outlook, By Light-Duty Vehicle (2021-2030) ($MN)
  • Table 4 Global Body Control Module Market Outlook, By Mid-Size Class (2021-2030) ($MN)
  • Table 5 Global Body Control Module Market Outlook, By Economy Class (2021-2030) ($MN)
  • Table 6 Global Body Control Module Market Outlook, By Luxury Class (2021-2030) ($MN)
  • Table 7 Global Body Control Module Market Outlook, By Heavy-Duty Vehicle (2021-2030) ($MN)
  • Table 8 Global Body Control Module Market Outlook, By Bus (2021-2030) ($MN)
  • Table 9 Global Body Control Module Market Outlook, By Truck (2021-2030) ($MN)
  • Table 10 Global Body Control Module Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
  • Table 11 Global Body Control Module Market Outlook, By Component (2021-2030) ($MN)
  • Table 12 Global Body Control Module Market Outlook, By Software (2021-2030) ($MN)
  • Table 13 Global Body Control Module Market Outlook, By Hardware (2021-2030) ($MN)
  • Table 14 Global Body Control Module Market Outlook, By Other Components (2021-2030) ($MN)
  • Table 15 Global Body Control Module Market Outlook, By Functionality (2021-2030) ($MN)
  • Table 16 Global Body Control Module Market Outlook, By Low End (2021-2030) ($MN)
  • Table 17 Global Body Control Module Market Outlook, By High End (2021-2030) ($MN)
  • Table 18 Global Body Control Module Market Outlook, By Other Functionalities (2021-2030) ($MN)
  • Table 19 Global Body Control Module Market Outlook, By Electric Vehicle (2021-2030) ($MN)
  • Table 20 Global Body Control Module Market Outlook, By Fuel Cell Electric Vehicle (2021-2030) ($MN)
  • Table 21 Global Body Control Module Market Outlook, By Plug-In Hybrid Electric Vehicle (2021-2030) ($MN)
  • Table 22 Global Body Control Module Market Outlook, By Battery Electric Vehicle (2021-2030) ($MN)
  • Table 23 Global Body Control Module Market Outlook, By Other Electric Vehicles (2021-2030) ($MN)
  • Table 24 Global Body Control Module Market Outlook, By Communication Protocol (2021-2030) ($MN)
  • Table 25 Global Body Control Module Market Outlook, By Controller Area Network (CAN) (2021-2030) ($MN)
  • Table 26 Global Body Control Module Market Outlook, By Local Interconnect Network (LIN) (2021-2030) ($MN)
  • Table 27 Global Body Control Module Market Outlook, By Flexray (2021-2030) ($MN)
  • Table 28 Global Body Control Module Market Outlook, By Other Communication Protocols (2021-2030) ($MN)
  • Table 29 Global Body Control Module Market Outlook, By Bit Size (2021-2030) ($MN)
  • Table 30 Global Body Control Module Market Outlook, By 32 Bit (2021-2030) ($MN)
  • Table 31 Global Body Control Module Market Outlook, By 16 Bit (2021-2030) ($MN)
  • Table 32 Global Body Control Module Market Outlook, By 8 Bit (2021-2030) ($MN)
  • Table 33 Global Body Control Module Market Outlook, By Other Bit Sizes (2021-2030) ($MN)
  • Table 34 Global Body Control Module Market Outlook, By Power Distribution Component (2021-2030) ($MN)
  • Table 35 Global Body Control Module Market Outlook, By Fuses (2021-2030) ($MN)
  • Table 36 Global Body Control Module Market Outlook, By Relays (2021-2030) ($MN)
  • Table 37 Global Body Control Module Market Outlook, By Other Power Distribution Components (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.