Distribution Panel Market Key participants in the industry include Legrand, Eaton, Hager, GE, Siemens, NHP Electrical Engineering Products, ABB, Larsen & Toubro, Industrial Electric Mfg, ESL Power Systems and Abunayyan Holding

Touted as one of the most pivotal verticals of the power grid sector, distribution panel market is generating a rather substantial momentum in the overall energy sector. The rapidly increasing environmental safety concerns have led to tremendous efforts by the governments and private agencies to cutback GHG emissions and huge energy losses that occur during transmission & distribution of energy. In consequence, several regional governmental bodies have been undertaking initiatives in deploying energy efficient power grid equipment and refurbishing ageing distribution centers that would exhibit sustainable power output. Needless to mention, with governmental initiatives playing a crucial role, the growth prospects of distribution panel market in expected to traverse along a lucrative growth path in the ensuing years. As estimated by Global Market Insights, Inc., distribution panel market will surpass a global valuation of USD 7 billion by 2024.

Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/2392

Elucidating the regional distribution panel market trends with regulatory frame of reference:

China

China distribution panel market is expected to depict remarkable growth trends in the coming years, as the country is targeting to enhance its power grid sector and considerably cut CO2 emissions. According to reliable sources, China is one of the most populous nations and accounts for 23% of world energy consumption which makes it the second largest consumer of electricity after Unites States. Contributing to such a major chunk of the power grid sector, China’s stance in the regional trends of distribution panel industry has become increasingly influential. Acknowledging the region’s vast energy demand, the Government of China has been introducing several electrification projects and is further focusing on revamping the existing grid network.

Citing a relevant instance, the Government of China has put forth its ambitious plan of investing USD 530 billion toward the deployment of smart grid network of which more than 18 billion US dollars will be used to improve the distribution capabilities. This, by extension, is expected to have a substantial impact on the growth of the regional distribution panel market. Besides, it is also prudent to mention that the China government is actively working toward cutting its carbon intensity to 18% below its current levels by 2020. This target would have a significant impact on distribution panel market, given the deployment of efficient power grid network for reducing transmission & distribution loss.

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

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2392

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

With more than 508 million euros invested in refurbishment and smart grid deployment activities in the region, France is recently drawing a great deal of attention from distribution panel industry players. The regional energy sector is witnessing a dynamism of sorts, with stringent governmental mandates toward installation of energy efficient systems, to balance the energy consumption ratio. For instance, in a bid to support further electrification development, France’s National Energy Efficiency Action Plan has laid down its ambitious efforts to reduce the overall energy consumption of existing building structures by 38% by 2020.

Besides mandatory governmental rollouts, the consumer demand for smart grid-based services in the region is also expected to increase by multiple folds – according to reports, the country has over 118 smart grid projects, presently. Powered by these dynamic initiatives focused on optimized energy consumption, France distribution panel market is claimed to surpass a valuation of USD 160 million by 2024.

Browse key industry insights spread across 440 pages with 472 market data tables & 10 figures & charts from the report @ https://www.gminsights.com/industry-analysis/distribution-panel-market

Distribution Panel market research report includes in-depth coverage of the industry with estimates & forecast in terms of USD from 2013 to 2024, for the following segments:

Distribution Panel Market, By Voltage
• Low Voltage (LV)
• Medium Voltage (MV)

Distribution Panel Market, By Mounting
• Flush Mounting
• Surface Mounting

Distribution Panel Market, By End Use
• Residential
• Commercial
o College/University
o Office
o Government/Military

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Explore Our Blog @ http://algosonline.com/news

This release was published on openPR.