Press release
Middle East Distribution Panel Market Analysis Report Share, Growth, Trends and Forecast 2018-2024
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.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.
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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Partial Table of Contents (ToC) of the report:
Chapter 4. Middle East Distribution Panel Market, By Voltage
4.1. Middle East distribution panel market share by voltage, 2017 & 2024
4.2. Low voltage
4.2.1. Market estimates and forecast, 2013-2024
4.3. Medium voltage
4.3.1. Market estimates and forecast, 2013-2024
Chapter 5. Middle East Distribution Panel Market, By Product
5.1. Middle East distribution panel market share by product, 2017 & 2024
5.2. Flush mount
5.2.1. Market estimates and forecast, 2013-2024
5.3. Surface mount
5.3.1. Market estimates and forecast, 2013-2024
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/middle-east-distribution-panel-market
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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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 methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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