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What’s Driving the Distribution Panel Market Growth? Eaton Corporation, General Electric, ABB, Siemens, Schneider Electric, Larsen & Toubro

06-09-2020 08:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: DecResearch.com

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Distribution Panel Market

Distribution Panel Market

The latest research report on Distribution Panel Market added by DEC Research presents a detailed analysis concerning market share, market valuations, revenue estimation, SWOT analysis, and regional spectrum of the business. The report further highlights key challenges and growth prospects of the market, while examining the business outlook comprising expansion strategies implemented by market leaders.

Research forecasts the Distribution Panel Market to grow from 4.5 billion in 2016 to 7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 5% during the forecast period.

Request a sample of this research report @ https://www.decresearch.com/request-sample/detail/2392

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.

Leading Key Players in Distribution Panel Market are:
Eaton Corporation, General Electric, ABB, Siemens, Schneider Electric, Larsen & Toubro, Legrand, Hager, NHP Electrical Engineering Products, Industrial Electric Mfg, ESL Power Systems, Arabian Gulf Switchgear, Abunayyan Holding, Alfanar Group, EAMFCO, BA`AMER ELECTRIC, Hawa Electric Panel Board Factory (HAWA-EBPF), Meba Electric Co. Ltd, Norelco

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.

Stringent regulatory norms emphasizing on lowering distribution losses has been one of the prime factors fueling the U.S. distribution panel industry. Governmental effort in adopting high end electric equipment and upgrading power grid infrastructure have, in turn, surged the demand for distribution panels in the region. A significant validation to the fact being the country’s soaring expenditure on electric and gas utilities, which according to reports climbed from USD 69 billion in 2008 to USD 115 billion in 2015. Taking into account the escalating improvements in electric grid infrastructure, the regional distribution panel market as per industry analysts is expected to amass lucrative gains in the years ahead, having crossed the billion-dollar frontier in 2016.

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

The above-mentioned data clearly depicts that the extensive deployment of legislative programs with regard to optimal power transmission and energy utilization will augment the revenue graph of global distribution panel market. Further analyzing the aforementioned trends, it wouldn’t be wrong to quote that the emerging economies are slated to be a prominent investment hub for global distribution panel market stakeholders. A major trend to watch for in this fraternity is the role of the robustly expanding real estate sector and its dynamic impact on the distribution panel industry share. All in all, with green revolution proactively penetrating the energy and infrastructure sector, distribution panel market is certain to witness remarkable proceeds in the coming years, with a target CAGR of 5% over 2017-2024.

Table of content:
Chapter 4. Distribution Panel Market, By Voltage
4.1. Global market share by voltage, 2016 & 2024
4.2. LV
4.2.1. LV market, 2013 – 2024
4.2.2. LV market revenue by region, 2013 – 2024
4.3. MV
4.3.1. MV market, 2013 – 2024
4.3.2. MV market revenue by region, 2013 – 2024
Chapter 5. Distribution Panel Market, By Mounting
5.1. Global market share by mounting, 2016 & 2024
5.2. Flush Mount
5.2.1. Flush mount market, 2013 – 2024
5.2.2. Flush mount market revenue by region, 2013 – 2024
5.3. Surface Mount
5.3.1. Surface mount market, 2013 – 2024
5.3.2. Surface mount market revenue by region, 2013 – 2024

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Phone:1-302-846-7766
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About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

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