Press release
Distribution Boards Market 2018 | Industry Share, Size, Growth Opportunities, Business Strategies, CAGR Rate and Forecast Period 2023
The growth in global distribution board is mainly driven by the enormous growth in the construction industry to accomplish the thriving needs of the rising population. This factor has led to the growing demand for power supply, giving rise to the power transmission & distribution market, which simultaneously has driven the market for electricity supply system products such as distribution board’s panel-board, breaker panel, or electric panel.
Global Distribution Boards market is predicted to grow at approximately 6% by 2023
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Industry Top Key Players:-
The key players of drill pipe market are Eaton Corporation PLC (Ireland), General Electric Corp (USA), Siemens (Germany), ABB Group (Switzerland), Schneider Electric (France), Larsen & Toubro (India), Legrand (France), Hager (Germany), NHP Electrical Engineering Products Pty Ltd (Australia), Industrial Electric Mfg. (USA) among others.
Scope of the Report:-
This study provides an overview of the global distribution boards market, tracking five market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global distribution boards market by its cooling method, end user, reactive power rating, starting method, product type and by regions.
By Voltage Rating
• Low Voltage
• Medium Voltage
By End-User:-
• Transmission & Distribution Utilities
• Manufacturing & Processing Industry
• Commercial & Residential Sector
• Others
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By Region:-
• North America
• Asia Pacific
• Europe
• Rest of the World
Market Research Analysis:-
The Asia-Pacific region is expected to lead t the distribution boards market due to the comprehensive development in this region. The urbanization and industrialization growth in these region is compelling, which will have a great impact on the demand for distribution boards market. China dominated the global distribution boards market till 2016, owing to the large scale advancement of electrical infrastructure and installation of new transmission & distribution lines. China and India are estimated to be the fastest-growing markets for distribution panel boards in the region from 2017 to 2023.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions
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