Distribution Boards Market by Voltage Rating (Low Voltage, Medium Voltage), by End-User, Region and Forecast to 2023
Pune, India -- (SBWIRE) -- 07/17/2017 -- Market Research Future adds new report of "Global Distribution Boards Market Report - Forecast to 2023" it contains Company information, geographical data and Table of Content
-By Voltage Rating; Low Voltage, Medium Voltage
-By End-User; Transmission & Distribution Utilities, Manufacturing & Processing Industry, Commercial & Residential Sector
-By Region; North America, Europe, Asia-Pacific and Rest of World
The comprehensive industrial growth worldwide and the growing demand for construction and infrastructure are expected to drive the demand for electricity supply system products. A distribution board is a segment of an electricity supply system that segregates an electrical power feed into ancillary circuits, while catering a protective fuse or circuit breaker for each circuit in a common enclosure. The growth in global distribution board is mainly due to the enormous growth in the construction industry so as to meet the needs of the rising population. These factors have led to growing demand for power supply, giving rise to the power transmission & distribution market, which simultaneously has driven the market for electricity supply system products such as distribution board's panel-board, breaker panel, or electric panel. The distribution boards market is expected to grow with the CAGR of approximately 6% from 2017 to 2023.
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The key players of drill pipe market are
-Eaton Corporation PLC (Ireland)
-General Electric Corp (USA)
-ABB Group (Switzerland)
-Schneider Electric (France)
-Larsen & Toubro (India)
-NHP Electrical Engineering Products Pty. Ltd. (Australia)
-Industrial Electric Mfg. (USA)
-Distributer & Supplier companies
-Consultants and Investment bankers
-Government as well as Independent Regulatory Authorities.
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Study Objectives of Distribution boards Market
-To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global distribution boards market
-To provide insights about factors affecting the market growth
-To analyze the global distribution boards market based on various tools such as Supply Chain Analysis, and Porter's Five Forces Analysis
-To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
-To provide country level analysis of the market with respect to the current market size and future prospective
-To provide country level analysis of the market for segments by material type, product, application and region
-To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
-To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the distribution boards market
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The current transmission & distribution groundwork in developed economies such as Europe and North American regions have become obsolete and need to be altered to modern ones. These economies are now upgrading their grids and replacing old installations. Enormous investments in renewable resources such as wind farms will also be a major factor to drive the distribution boards market. The Asia-Pacific region is expected to lead the distribution boards market due to the comprehensive development in this region. The urbanization and industrialization growth in these regions is compelling, which will have a great impact on the demand for distribution boards market. China dominated the global distribution boards market till 2016, on account of large scale advancement of electrical infrastructure and installation of new transmission & distribution lines. China and India are estimated to be the fastest-growing markets for distribution panel boards in the region from 2017 to 2023.
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