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Distribution Panel Market Share

Report ID: GMI2392
Published Date: Jun 2024
Report Format: PDF

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Distribution Panel Market Share

Distribution Panel Company Market Share Analysis, 2023

Companies like Eaton and ABB hold significant market share in the distribution panel industry due to their extensive product portfolios offering a wide range of solutions from low voltage to medium voltage panels. Their strong global presence, established brand reputation, and continuous investment in research and development contribute to innovative product offerings. Additionally, these companies emphasize quality, reliability, and compliance with international standards, meeting diverse customer needs across residential, commercial, industrial, and utility sectors.

Distribution Panel Market Companies

ABB
Abunayyan Holding
AGS
alfanar Group
EAMFCO
Eaton
ESL POWER SYSTEMS, INC.
General Electric
Hager Group
INDUSTRIAL ELECTRIC MFG
Larsen & Toubro Limited
Legrand
Meba Electric Co., Ltd
NHP
Norelco
Schneider Electric
Siemens

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of distribution panel was reached USD 7.1 billion in 2023 and is expected to register 5.6% CAGR from 2024 to 2032, owing to the increasing demand for reliable and efficient power distribution systems across various industries worldwide.

Distribution panel industry from the medium voltage segment is expected to cross over USD 9 billion by 2032, due to the rapid industrialization, driving the demand for medium voltage distribution panels.

Asia Pacific distribution panel industry is likely to exceed USD 5.1 billion by 2032, due to the emphasis on incorporating smart grid technologies and IoT-enabled distribution panels along with the adoption of advanced technologies in power distribution in the region.

ABB, Abunayyan Holding, AGS, alfanar Group, EAMFCO, Eaton, ESL POWER SYSTEMS, INC., General Electric, Hager Group, and INDUSTRIAL ELECTRIC MFG, are some of the major distribution panel companies worldwide.