Press release
Distribution Boards Market Growth Rate, Business Strategy with Global Leaders: Eaton Corporation PLC, General Electric Corp, Siemens, ABB Group, Schneider Electric, Legrand
Market ScenarioThe comprehensive industrial growth worldwide and the growing demand for construction and infrastructure are expected to drive the demand for electricity supply system products. A distribution board is a segment of an electricity supply system that segregates an electrical power feed into ancillary circuits, while catering a protective fuse or circuit breaker for each circuit in a common enclosure.
The growth in global distribution board is mainly due to the enormous growth in the construction industry so as to meet the needs of the rising population. These factors have led to growing demand for power supply, giving rise to the power transmission & distribution market, which simultaneously has driven the market for electricity supply system products such as distribution board’s panel-board, breaker panel, or electric panel.
The Distribution Boards Market is expected to grow with the CAGR of approximately 6% from 2017 to 2023.
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Key Players
The key players of drill pipe market are Eaton Corporation PLC (Ireland), General Electric Corp (USA), Siemens (Germany), ABB Group (Switzerland), Schneider Electric (France), Larsen & Toubro (India), Legrand (France), Hager (Germany), NHP Electrical Engineering Products Pty. Ltd. (Australia), and Industrial Electric Mfg. (USA).
Transmission & Distribution Utilities
Distribution boards basically find application in transmission & distribution utilities. Currently, transmission & distribution utilities makes the largest segment of the distribution boards market, and accounts for the largest share of the total market. Substations are the crucial elements of any grid system, and require high-level protection to safeguard the stability of the entire system. Distribution boards are used broadly by utilities to prevent damages to critical and expensive equipment. The increasing electricity access across the world would result in an increase in the number of substations, which would in turn, raise the demand for distribution boards.
Market Research Analysis
The Asia-Pacific region is expected to lead t the distribution boards market due to the comprehensive development in this region. The urbanization and industrialization growth in these region is compelling, which will have a great impact on the demand for distribution boards market. China dominated the global distribution boards market till 2016, owing to the large scale advancement of electrical infrastructure and installation of new transmission & distribution lines. China and India are estimated to be the fastest-growing markets for distribution panel boards in the region from 2017 to 2023.
Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Distribution Boards Market, By Voltage Rating
Continue…………
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LIST OF TABLES
TABLE 1 GLOBAL DISTRIBUTION BOARDS MARKET, BY LOW VOLTAGE RATING
TABLE 2 GLOBAL DISTRIBUTION BOARDS MARKET, BY END USER
TABLE 3 GLOBAL DISTRIBUTION BOARDS MARKET, BY REGIONS
TABLE 4 NORTH AMERICA DISTRIBUTION BOARDS MARKET, BY LOW VOLTAGE RATING
TABLE 5 NORTH AMERICA DISTRIBUTION BOARDS MARKET, BY END USER
TABLE 6 U.S. DISTRIBUTION BOARDS MARKET, BY LOW VOLTAGE RATING
TABLE 7 U.S. DISTRIBUTION BOARDS MARKET, BY END USER
TABLE 8 CANADA DISTRIBUTION BOARDS MARKET, BY LOW VOLTAGE RATING
TABLE 9 CANADA DISTRIBUTION BOARDS MARKET, BY END USER
TABLE 10 EUROPE DISTRIBUTION BOARDS MARKET, BY LOW VOLTAGE RATING
Continue………..
About US
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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