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Distribution Panel Market Share
- Report ID: GMI2392
- Published Date: May 2023
- Report Format: PDF
Distribution Panel Market Share
The key companies operating in distribution panel market are
- alfanar Group
- EAMFCO
- Norelco
- Meba Electric Co., Ltd
- Abunayyan Holding
- Ags
- Hager Group
- ESL POWER SYSTEMS, INC.
- INDUSTRIAL ELECTRIC MFG
- NHP
- Larsen & Toubro Limited
- General Electric
- ABB
- Siemens
- Schneider Electric
- Legrand
- Eaton
Frequently Asked Questions (FAQ) :
The market size of distribution panel exceeded USD 7.1 billion in 2023 and will progress at a 5.6% CAGR between 2024 and 2032, propelled by the growing implementation of smart grid networks and the upgrading of existing power networks.
The low voltage segment is expected to exceed USD 2 billion in revenue by 2032, as a result of a growing need for low-voltage control systems with advanced features such as ease of installation, modular design, and flexibility.
The commercial end-use segment is anticipated to witness over 6% CAGR from 2023 to 2032, owing to increasing infrastructure spending in line with the rising electricity demand in developing regions.
Asia Pacific market is slated to surge at more than 4.5% CAGR through 2032, attributed to ongoing contractual agreements to meet the growing demands of electrical construction in the region.
Distribution Panel Market Scope
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