Distribution Panel Market Trends 2019 | Top Key Players Legrand, Eaton, Hager Group, GE, Siemens, ABB, Larsen & Toubro, Schneider Electric, Arabian Gulf Switchgear LLC, Abunayyan Holding

Distribution Panel Market to witness major growth in coming years due to growing deployment of distributed generation systems coupled with government measures toward rural electrification. 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.

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.

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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.

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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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. GE
2. Siemens
3. Legrand
4. Eaton
5. NHP Electrical Engineering
6. Hager
7. ABB
8. ESL Power Systems
9. Industrial Electric Mfg
10. Larsen & Toubro
11. Arabian Gulf Switchgear
12. Schneider Electric
13. Abunayyan Holding

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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.

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.

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