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Distribution Panel Market By Industry Trend, Growth and Regional Forecast 2019-2024

Author : Rahul Sankrityayan | Published Date : 2019-08-01 

The Distribution Panel Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied..

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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Growing deployment of distributed generation systems coupled with government measures toward rural electrification will fuel the distribution panel market share. 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.

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.

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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.

Eminent participants in the industry include GE, Siemens, Legrand, Eaton, NHP Electrical Engineering, Hager, ABB, ESL Power Systems, Industrial Electric Mfg, Larsen & Toubro, Arabian Gulf Switchgear, Schneider Electric, and Abunayyan Holding.

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.

Partial Table of Contents (ToC) of the report:

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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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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