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Middle East Distribution Panel Market Share

Report ID: GMI467
Published Date: Jul 2023
Report Format: PDF

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Middle East Distribution Panel Market Share

Some of the major companies operating across the Middle East distribution panel market are

Eaton
Legrand
Schneider Electric
Siemens
ABB
General Electric
Larsen & Toubro Limited
Hager Group
AGS
Alfanar Group
EAMFCO
Meba Electric Co., Ltd.

These companies focus on new product launch & commercialization and strategic partnerships for market expansion. Furthermore, these players are increasingly investing in research & development activities, which enable them to introduce innovative products and garner maximum revenue in the market.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size for distribution panel in the Middle East was reached USD 394.5 million in 2022 and is estimated to witness 6.3% CAGR from 2023 to 2032, due to the growing environmental concerns and the rising focus on sustainable practices.

The medium voltage segment crossed USD 330 million in 2022, driven by the rising number of grid modernization initiatives to improve grid reliability, efficiency, and flexibility.

The utility application segment is set to witness more than 5.7% CAGR from 2023 to 2032, owing to the growing integration of renewable energy sources into the electrical grid.

Saudi Arabia held over 28% of the market share in 2022, attributed to the significant infrastructure developments in the residential, commercial, and industrial sectors.