Distribution Panel Market Global Outlook on Key Growth Factors and Industry Analysis – GE, Siemens, Eaton, Hager, NHP Electrical Engineering, ABB, Industrial Electric Mfg, ESL Power Systems, Larsen & Toubro, Schneider Electric

A vertical fundamentally driven by the burgeoning power grid sector, the distribution panel market is poised to garner substantial revenue over the years ahead owing to enormous funds being directed toward overhauling the aging grid infrastructure and distribution networks. The swift pace of technological advancements and rising inclination toward clean energy have been instrumental in propelling the demand for energy-efficient distribution panels. The dire need to optimize power transmission and energy utilization would assist distribution panel industry to register steady growth rate in the ensuing years.

MarketStudyReport.com Adds New Distribution Panel Market 2017 – 2024 research report providing information and data By Voltage, By Mounting, By End Use, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 440 Pages with table and figures in it.

Distribution Panel Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 5% CAGR to 2024.

Distribution Panel Market will exceed USD 7 billion by 2024, according to a new research report. Growing measures to cater the electricity demand supply mismatch will drive the distribution panel market. Over the past two decades there has been significant upsurge in the electricity consumption. As per IEA global consumption has expanded from 6,799 TWh in 1980 to 20,775 TWh in 2015. This in turn is anticipated to have substantial impact in the industry outlook.

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Government measures toward rural electrification along with growing adoption of distributed generation systems will stimulate the distribution board market. As per the recent study conducted by the World Bank over 15% of the global population lacks continuous or direct access to electric grid. In 2016, International Energy Agency stated that over USD 718 billion investment is required to achieve 100% percent electrification across the globe. Ambitious electrification targets with ongoing funding will positively influence the business landscape.

France distribution board market is predicted to surpass USD 160 million by 2024. Strict government mandates toward installation of energy efficient systems will further complement the industry outlook. As per the country's National Energy Efficiency Action Plan, policymakers are targeting to reduce consumption of existing building structures by 38% by 2020.
China distribution panel market is predicted to witness steep progression owing to growing electricity demand. The Government of China has laid down its ambitious plan to invest USD 530 billion towards the development of smart grid network under which USD 18 billion will be used to enhance the distribution capabilities.

Commercial distribution panel market is expected to reach over USD 1 billion by 2024. Rapidly expanding service industries along with strict measure toward energy conservation will stimulate the product demand.
Growing investments across the infrastructure developmental projects coupled with surging urban population will drive the distribution panel market growth. According to recent studies by oxford economic, the global civil/infrastructure industry will require USD 94 trillion from 2016 to 2024 toward various developmental activities.

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Egypt distribution panel market is projected to witness gain of over 7% by 2024. Government measure to strengthen ageing distribution infrastructure along with growing demand for reliable and continuous electricity will complement the business growth. In 2016, Egyptian Electricity Holding Co. allocated USD 220 million towards the consolidation of the country's power distribution network.

Notable players across the distribution panel market include Legrand, GE, Siemens, Eaton, Hager, NHP Electrical Engineering, ABB, Industrial Electric Mfg, ESL Power Systems, Larsen & Toubro, Schneider Electric, Arabian Gulf Switchgear, and Abunayyan Holding.

Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Distribution Panel Industry Insights
Chapter 4. Distribution Panel Market, By Voltage
Chapter 5. Distribution Panel Market, By Mounting
Chapter 6. Distribution Panel Market, By End Use
Chapter 7. Distribution Panel Market, By Region
Chapter 8. Company Profiles

Outer scope of this Report: The escalating pace of urbanization and industrialization has compelled various governments across emerging nations to initiate wide-scale reforms in the power-generation sector. Moreover, the demand for power supply in the rural hinterlands of these nations has been on the rise, of late, indirectly stimulating the distribution panel industry trends. India’s Ministry of Power for instance, has launched an ambitious rural electrification program named as Deen Dayal Upadhyaya Gram Jyoti Yojana, which aims to provide round the clock power to agricultural and household consumers in the rural areas. With a budgetary outlay of around INR 76,000 crore, the program would focus on strengthening the sub-transmission network and distribution infrastructure of the nation. In this regard, distribution panels would apparently play a vital role in the successful and thorough implementation of the program. Needless to mention, the unveiling of such flagship schemes across developing nations would certainly have an optimistic impact on the growth prospects of distribution panel market in the forthcoming years.

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Related Report:

Middle East Distribution Panel Market Share & Forecast, 2018 - 2024

Middle East Distribution Panel Market will exceed USD 440 million by 2024. Ongoing funding activities toward the upgradation of the existing transmission & distribution infrastructure coupled with the need of efficient and reliable power supply will foster the industry growth.

https://www.marketstudyreport.com/reports/middle-east-distribution-panel-market/?utm_source=RR-PSR

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