Press release
Middle East Distribution Panel Market 2019 In-Depth Analysis of Industry Share, Size, Growth, and Key Players Analysis like Schneider Electric SA, Abunayyan Holding, Legrand, Alfanar Group, ABB Ltd, Hawa Electric Panel Board Factory, EAMFCO, Arabian Gulf
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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.
Active measures by regulatory authorities toward electrification of off grid areas will foster the low voltage distribution panel market. Moreover, rising voltage fluctuation concerns across households and small-scale businesses will further enhance the industry outlook.
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.
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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.
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.
Iraq distribution panel market is predicted to expand over 13% by 2024. Favorable measures toward re-establishment and restructuring of public assets will stimulate the product installation. For instance, the Government of Iraq, in 2016, signed a MoU (Memorandum of Understanding), in collaboration with Siemens to strengthen and modernize the existing infrastructure.
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.
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Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Data Sources
Chapter 2: Executive Summary
Business trends
Regional trends
Product trends
End-use trends
Chapter 3: Middle East Distribution Panel Industry Insights
Industry segmentation
Industry landscape
Vendor matrix
Technological and innovation landscape
Chapter 4: Middle East Distribution Panel Market, By Region
Chapter 5: Company Profile
Business Overview
Financial Data
Product Landscape
Strategic Outlook
SWOT Analysis
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