openPR Logo
Press release

Middle East Distribution Panel Market size over $1.8bn by 2023

10-06-2016 09:46 AM CET | Energy & Environment

Press release from: GMI

Middle East Distribution Panel Market size is expected to reach USD 1.88 billion by 2023; as per a new research report by Global Market Insights, Inc.

Rapidly growing population accompanied by rising electricity demand is forecast to propel Middle East distribution panel market growth. Escalating advancements in power sector technologies such as temperature-rated or density-rated copper or aluminum bus is likely to drive revenue. Furthermore, rising demand for these products for T&D (Transmission & Distribution) services for various power applications is anticipated to fuel demand from 2016 to 2023.


Technological advancements and innovation are likely to lead to substantial reduction in complexities related to installation as well as maintenance. Development of energy efficient boards using solar energy for better power and clean energy generation may eventually result in high renewable electricity production and significant distribution panel market size.

Request for a sample of this research report @ http://bit.ly/2d4RFJj

Swift urbanization along with escalating need for sophisticated products for efficient power delivery is projected to fuel the Middle East distribution panel market. Flourishing industry sectors such as power, server and telecommunications may escalate demand owing to large scale installation.

The server industry has witnessed a paradigm shift in light of growing amount of data and associated concerns. This is forecast to create demand for high performance, effective power supply and circuit safety, favorably impacting the Middle East distribution market landscape.

Peripheral device monitoring and control may not be feasible in case of any damage to the data communication or power circuits that supply the control modules. This may hamper the industry over the forecast timeframe. Industry experts expect the advent of technologies distributed power electronics that enable smart solar modules or panels.

Make an inquiry for purchasing this report @ http://bit.ly/2dMh6NP

Key insights from the report include:
Standalone distribution panel market size was valued at over USD 735 million in 2015, growing at 5.7% CAGR estimations from 2016 to 2023. These off-the-grid electricity systems play a crucial role in locations without fixed power distribution systems and are majorly used for electricity generation, regulation, and energy storage.

Panels for pole mounted transformers are projected to grow slower than the Middle Eastern average. Increasing population base along with rising electricity demand from remote areas of UAE and KSA is forecast to drive growth over the next seven years.

Medium voltage distribution panel market share was the major contributor in 2015 and is anticipated to grow steadily over the next few years. Escalating optimum management requirement of medium voltage grids coupled with growing requirement for better quality and reliable energy supply is expected to fuel demand across the segment.

UAE distribution panel market share was approximately 9.5% in 2015; it is predicted to be valued at USD 185.9 million by 2023. Increasing number of new construction projects across the region is expected to drive growth from 2016 to 2023.

Participants operating in the industry are Schneider Electric, Legrand, ABB, Abunayyan Holding, Arabian Gulf Switchgear, Alfanar Group, Ba’Amer Electric, and EAMFCO. Industry players focus on developing effective and environment friendly solutions for profitability. They also invest considerably in R&D for developing innovative products to offer maximum reliability and service differentiation.

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.

29L Atlantic Avenue,
Suite L 105, Ocean View,
Delaware 19970
United States

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Middle East Distribution Panel Market size over $1.8bn by 2023 here

News-ID: 369977 • Views:

More Releases from GMI

Flight Inspection Market Revenue, Opportunity, Segment and Key Trends (Safran Electronics & Defense, Textron Aviation, Saab) to 2024
Flight Inspection Market Revenue, Opportunity, Segment and Key Trends (Safran El …
Flight Inspection Market is segmented as commercial airports and defense airports. Increasing defense budgets by major countries in the world drives the demand for defense flight inspection market. Increasing investment in modernization & development of defense airports and use of defense airports for strategic purpose will boost the industry demand. Frequent domestic & international flights and increasing travel for business purpose will increase revenue share from commercial segment. Request For Table
Europe and Asia Pacific also had a substantial share of the diabetic food market and will experience a lucrative growth with rise in awareness about the health benefits of the product.
Europe and Asia Pacific also had a substantial share of the diabetic food market …
Diabetic Food Market size will grow at a fast pace in the forecast period. Factors responsible for the product growth are its wide application in the healthcare sector which includes preparation of medical food and insulin, tackling diabetic incidences, and other health issues like digestive disorder & obesity. Increase in aging population and growing consumer awareness about the benefits of healthy food consumption will contribute to the diabetic food market
Changing dietary preferences, strong awareness levels and industry focus could see the pea protein market explode
Changing dietary preferences, strong awareness levels and industry focus could s …
Pea protein market size was 11.5 kilo tons in the year 2015 and is expected to go beyond 33 kilo tons till 2023 with a CAGR of 13.5% between the years 2026 to 2023 as per the study done by Global Market Insights. These rising figures are due to increasing awareness about healthy diets and this is going to expedite the market trend in the coming years. Because of diversity
North America will be dominating the global market. It is the fastest growing economy in vegetable fats market.
North America will be dominating the global market. It is the fastest growing ec …
Vegetable Fats Market size will witness a substantial growth, the vegetables fat is considered a fat, which is originated from plant based sources rather than animal based sources. Vegetable fats are used in bakery application, ice cream manufacturing, meat products, dairy products, frying fats and deep, confectionery and infant nutrition. These fats are considered healthy as they are available as unsaturated fat. The food which contains vegetable oil is good

All 5 Releases


More Releases for Middle

Middle East Auto Component Market Significant Growth over Forecast Period 2020-2 …
Auto Component Market is those markets which are manufacture components or parts required in the automobile industry. Middle East Auto Components market was valued at $ 28 billion in 2019 and is expected to surpass $ 39.7+ billion by 2028. Projected growth in the market can be recognized as snowballing automobile vehicle fleet and rising manufacture and infrastructural activities across different countries of the region. Moreover, mounting demand for vehicle
Studying the Middle East Yacht Market,Studying the Middle East Yacht Industry, S …
Latest industry research report on: Studying the Middle East Yacht Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Our analysts believe that the long-term outlook for the yacht market in the Middle East is positive. Demand for yachts in the Middle East has remained stable and is expected to continue being so. Yachting has emerged as a key aspect of the luxury lifestyle in the
Middle East Mobile Operators Begin to See Rising Data Revenues - Middle East Tel …
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Middle East Mobile Network Operators and MVNOs". This report provides a comprehensive overview of trends and developments in middle east telecommunications market. On a global level, we saw the mobile operators in the developed markets begin international expansion a few years ago, when it became clear that the mobile markets were saturated and revenue growth opportunities
Middle East Railway Sector Middle East Railway Sales Report
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990 Report Table of Contents Middle East Outlook 1.1 Countries Overview 1.2 Middle East Economy 1.3 Transportation in Middle East Middle East Rail Transport Outlook 2.1 Overall Status of Rail Transport in Middle East 2.2 Trends in Railway Infrastructure Development in Middle East Saudi Arabia 3.1 Existing Railway Infrastructure 3.2 Proposed/Planned Railway Infrastructure 3.3 Regulatory Framework 3.4
Middle Ear Implants Market
Middle Ear Implants Market Overview Middle implant ear is a small device inserted into the middle ear and coupled to ossicles. Middle ear implants are devices designed for those who suffer mild- moderate mix or sensorineural hearing loss and conductive hearing loss. Middle ear implant is an advanced technology for the conventional use of hearing aid. A middle ear implant is recommended for people suffering from earmould allergies, skin problems, ear
Jabra and Westcon Middle East Group Partner-Up for Middle East, North Africa, Pa …
DUBAI, United Arab Emirates, May 20, 2012 – Jabra, a world leader in innovative hands-free communications solutions, has appointed Westcon Middle East Ltd. as a distributor for the Middle East, Pakistan and North Africa regions. Under the agreement, Westcon Middle East Ltd. will distribute the entire suite of Jabra UC-optimized headsets through its strong reseller base to address rising enterprise market demand for Unified Communications (UC) solutions that include voice