Distribution Panel Market 2017 - Key participants in the industry include Legrand, Eaton, Hager, GE, Siemens, NHP Electrical Engineering Products, ABB, Larsen & Toubro, Industrial Electric Mfg, ESL Power Systems, Schneider Electric, Arabian Gulf Switchgea

Global Distribution Panel Market is set to surpass USD 7 billion by 2024. Government measures to meet the up-surging demand of electricity along with increasing funding towards the electrification across remote areas of developing economies will drive the industry growth. Over the past two decades, there has been a significant increase in the consumption of electricity. As per the International Energy Agency (IEA), global electricity consumption has increased to 20,775 TWh in 2015 from 6,799 TWh in 1980. This in turn is predicted to have significant impact on the industry outlook.

Growing deployment of distributed generation systems coupled with government measures toward rural electrification will fuel the distribution panel market share. As per the World Bank, more than 15% of the population in the world lacks direct access to power grid. IEA, in 2016, stated that over USD 700 billion of funding is required to attain 100% electrification across the globe.

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France distribution panel market is set to exceed USD 160 million by 2024. Legislative mandates toward the deployment of energy efficient systems will stimulate the business growth. As per the National Energy Efficiency Action Plan, the policymakers in the country are targeting to decrease the consumption of current building structures by 38% by 2020.

China distribution panel market is set to witness high growth on account of growing demand of electricity coupled with government stringent targets. The Government of China introduced an ambitious plan to allocate USD 530 billion towards the smart grid network development, where USD 18 billion will be dedicated to strengthening the distribution capabilities.
Commercial distribution panel market is predicted to surpass over USD 1 billion by 2024. Rapidly growing service industries coupled with stringent measures toward energy conservation will positively impact the product penetration.

Rapid urbanization coupled with growing investment across infrastructure development projects will embellish distribution panel market share. According to oxford economic, the global infrastructure/civil industry will require over USD 90 trillion between 2016 and 2024 for various developmental activities.

Egypt distribution panel market is set to expand over 7% owing to growing demand for continuous and reliable electricity along with government measures to expand existing distribution infrastructure. In 2016, Egyptian Electricity Holding invested USD 220 million for the consolidation of power distribution network.

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Argentina distribution panel market is expected to witness steep progression on account of growing investments across the country’s real estate industry. In 2016, as per the Government of Argentina, over 2000 property sales were registered every month irrespective of having population of 3 million.

Eminent participants in the industry include GE, Siemens, Legrand, Eaton, NHP Electrical Engineering, Hager, ABB, ESL Power Systems, Industrial Electric Mfg, Larsen & Toubro, Arabian Gulf Switchgear, Schneider Electric, and Abunayyan Holding.

Report Content

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Market definitions & forecast parameters

1.2. Data sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Distribution panel industry 3600 synopsis, 2013 – 2024

2.1.1. Business trends

2.1.2. Voltage trends

2.1.3. Mounting trends

2.1.4. End use trends

2.1.5. Regional trends

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