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Distribution Boards Market Challenges And Opportunities 2018

By Author: Akshay
Total Articles: 95

The distribution boards market is projected to grow from an estimated USD 4.33 Billion in 2016 to USD 5.91 Billion by 2021, registering a CAGR of 6.4% from 2016 to 2021. Factors such as growing investments in transmission & distribution infrastructure and increasing construction and infrastructural activities are driving the global market for distribution boards.
The distribution boards market is primarily driven by the growing need to protect electrical networks and components, increasing transmission & distribution activities, power generation capacity additions, growth in the manufacturing and process industries, and rising commercial and residential construction activities.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the electric distribution boards market including ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric (U.S.), Schneider Electric SE (France), and Eaton Corporation (Ireland). These players are trying to penetrate developing economies and are adopting various methods to increase their market share.
Download PDF Brochure Here: https://www.marketsandmarkets.com/pdfdownload.asp?id=10103490
Scope of the Report:
• By Voltage Rating
o Low Voltage
o Medium Voltage
• By End-User
o Transmission & Distribution Utilities
o Manufacturing & Process Industries
o Commercial & Residential Infrastructure
o Others, including Marine, Mining, Offshore, Transportation, and Power Generation
• By Region
o Asia-Pacific
o North America
o South America
o Europe
o Middle East & Africa
Browse 73 market data tables with 44 figures spread through 145 pages and in-depth TOC on "Distribution Boards Market - Global Forecast and Trends to 2021"
To speak to our analyst for a discussion on the above findings, click https://www.marketsandmarkets.com/speaktoanalyst.asp?id=10103490
The transmission & distribution segment of the distribution boards market (by end-user) is expected to register the highest CAGR from 2016 to 2021, making it the most attractive market in the current scenario. This growth can be attributed to the increasing upgradation of transmission & distribution networks. A number of smart grid and substation automation projects are being undertaken across the globe, especially in the North American and European regions. This is expected to further drive the demand for distribution panels.
Based on voltage rating, the distribution boards market has been segmented into medium voltage and low voltage distribution boards. The medium voltage distribution boards market is expected to grow at the highest CAGR during the forecast period. Medium voltage distribution boards find application in a wide variety of industries and power plants. The growing global energy demand has resulted in new developments relating to both, conventional and unconventional sources of energy. Renewable power plants require distribution boards for power and lighting, and for the protection of network components. The rising number of renewable energy plants across the world, including solar and wind plants, would consequently spur the growth of the medium voltage distribution market.
Browse Fill Report Here: https://www.marketsandmarkets.com/Market-Reports/distribution-board-market-10103490.html
The need to protect electrical devices and network components is expected to drive the demand for power distribution boards during the forecast period. Electricity access is increasing in countries across the world, with the emerging economies of regions such as Asia-Pacific and Africa receiving foreign investments to develop their electricity infrastructure. Most developing countries have started shifting from an agrarian economy to the industrial and service sectors, thereby increasing the rate of urbanization. Despite increasing urbanization across the globe, households in several countries still lack electricity access and face frequent power outages.
Leading companies in the distribution panels market are focusing on contracts & agreements, mergers & acquisitions, new product launches, and expansions to broaden their product portfolio. Contracts & agreements and new product launches were the most widely adopted growth strategies in the market from 2012 to 2016. Industry players that adopted this strategy include ABB Ltd. (Switzerland), General Electric (U.S.), Schneider Electric SE (France), Eaton Corporation Plc (Ireland), and Siemens AG (Switzerland).
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