Press release
Distribution Boards Market 2018 Global Industry Analysis by Top Key Players Focusing on Industry Growth Strategies: General Electric Corp, Siemens, ABB Group, Schneider Electric, Larsen & Toubro
The distribution boards market is expected to grow with the CAGR of approximately 6% from 2017 to 2023.
The growth in global distribution board is mainly due to the enormous growth in the construction industry so as to meet the needs of the rising population. These factors have led to 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.
The comprehensive industrial growth worldwide and the growing demand for construction and infrastructure are expected to drive the demand for electricity supply system products. A distribution board is a segment of an electricity supply system that segregates an electrical power feed into ancillary circuits, while catering a protective fuse or circuit breaker for each circuit in a common enclosure.
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Leading 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), and Industrial Electric Mfg. (USA).
Intended Audience:-
• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities.
Global Distribution Boards Market Analysis:-
The current transmission & distribution groundwork in developed economies such as Europe and North American regions have become obsolete and need to be altered to modern ones. These economies are now upgrading their grids and replacing old installations. Enormous investments in renewable resources such as wind farms will also be a major factor to drive the distribution boards market.
The Asia-Pacific region is expected to lead 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, on account of 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.
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Company Information:-
• Profiling of 10 key market players
• In-depth analysis including SWOT analysis, and strategy information of related to report title
• Competitive landscape including emerging trends adopted by major companies
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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