Global Distribution Panel Market Size for 2016 Was Valued over USD 4.5 Billion and Is Set to Witness Gain over 5% by 2024
Growing measures to cater the electricity demand supply mismatch will drive the distribution panel market size. Over the past two decades there has been significant upsurge in the electricity consumption. As per IEA global consumption has expanded from 6,799 TWh in 1980 to 20,775 TWh in 2015. This in turn is anticipated to have substantial impact in the industry outlook.