Press release
Middle East Distribution Panel Market Analysis Focusing on Top Key Players – Schneider Electric SA, Alfanar Group, Legrand, ABB Limited Abunayyan Holding, EAMFCO, Ba`amer Electric, Hawa Electric Panel Board Factory, Arabian Gulf Switchgear, Hager
Distribution Panel Market, Distribution Panel Market Size, Distribution Panel Industry, Distribution Panel Market Trends
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Primary energy consumption will further increase by 36% by the end of 2050, largely on account of manufacturing, transport, and construction. Electrification for buildings will continue, while natural gas will be displaced by electricity for households so that 70% of energy consumption in buildings is covered by electricity. The potential increase in power demand for commercial and residential purposes will drive the Middle East distribution panel market.
Kuwait distribution panel market is set to exceed USD 22 million by 2024. Significant rise in the deployment of electrical appliances coupled with rising power consumption will stimulate the industry growth. Increasing demand for HVAC systems across residential establishments will further enhance the business outlook. By 2020, as per declaration of Public Authority for Housing & Welfare, Kuwait has aimed to establish 174,000 residential units.
Commercial distribution panel market will reach over USD 80 million by 2024. Extensive measures by the government authorities for diversification from the oil-based economy toward tourism industry will positively impact the business outlook. In addition, the ongoing construction of net zero buildings to optimize the consumption of electricity will encourage the product penetration.
Developmental initiatives for the expansion of industrial sector will foster the Turkey distribution panel market. Growing construction of manufacturing facilities on account of lucrative industrial policies will positively influence the product adoption. Moreover, government norms to support foreign investments coupled with favorable regulations toward import-export of electrical appliances will further stimulate the industry growth.
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Qatar distribution panel market is anticipated to grow over 6% by 2024. Availability of low cost labor along with high power consumption will complement industry landscape. Moreover, the usage of IoT devices to minimize and monitor the power losses will further encourage the product penetration.
Surface mounted distribution panel market is predicted to expand over 7.5% by 2024. Rapid industrialization coupled with rising investments for refurbishment and retrofitting the ageing network will stimulate the industry growth. Moreover, key features including high efficiency and easy deployment across the hard-poured concrete walls will escalate the product installation.
Notable players across Middle East distribution panel market are Schneider Electric SA, Abunayyan Holding, Legrand, Alfanar Group, ABB Ltd, Hawa Electric Panel Board Factory, EAMFCO, Arabian Gulf Switchgear, Ba`amer Electric and Hager.
Table of Contents
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Middle East Distribution Panel Industry Insights
Chapter 4. Middle East Distribution Panel Market, By Voltage
Chapter 5. Middle East Distribution Panel Market, By Product
Chapter 6. Middle East Distribution Panel Market, By End Use
Chapter 7. Middle East Distribution Panel Market, By Region
Chapter 8. Middle East Distribution Panel Market, Company Profiles
Outer Scope: The growing electricity demand within the region has also led to technological advancements. For instance, Middle East Electricity is set for a worldwide launch of its breakthrough automated transmission and distribution technology. Experts believe that the breakthrough solution will need limited supervision and would monitor, operate, and optimize power in real-time to minimize costs for business. The deployment of technologically advanced T&D networks for cost-effective electrification will also positively influence the Middle East distribution panel market growth in the following years.
For more information on this report at: https://www.marketstudyreport.com/reports/middle-east-distribution-panel-market/?utm_source=OPR-SP
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