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Distribution Panel Market to grow at over good CAGR from 2017 to 2024 PowerPoint Presentation
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Distribution Panel Market to grow at over good CAGR from 2017 to 2024 - PowerPoint PPT Presentation


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The Distribution Panel Market trends are analysed from recent past with an eye on coming years in this report that also offers projections for Distribution Panel Market industry targeted at helping in business decisions.

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Presentation Transcript
global market scenario of furfural industry

Global Market Scenario of Furfural Industry

  • Rising installation of energy efficient electrical systems to get sustainable power output will upsurge the distribution panel market size. Various labels and energy performance standards are introduced by the regulators to effectively monitor their energy consumption. As of now, more than 80 countries have defined their own energy efficiency standards & labels. In addition, manufacturers are focussing toward the development of innovative systems such as smart panels to comply with the defined standards.
  • Increasing funding toward the electrification across remote areas of developing regions will positively influence the distribution board market share. Rising investments from financial institutions including Regional development banks, International Finance Corporation Asian Development Bank and African Development Bank, will further foster the business landscape. Effective power supply escorted by concerns pertaining to circuit safety is anticipated to fuel the industry demand. Regulators aim to reduce distribution losses by adopting high end electric equipment will further stimulate the business growth.
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  • Low voltage distribution panel market in 2016, was valued over USD 600 million. Growing concentration of residential premises across urban areas will stimulate the product demand. In addition, several rural electrification schemes run by various state and central authorities will further escalate the industry revenue.
  • Reasons to Buy This Report:
  • 1. Distribution Panel Market size & share forecast by product & application, 2017-2024
  • 2. Growth drivers, pitfalls & industry challenges
  • 3. Distribution Panel Market growth opportunities & emerging business models
  • 4. Competitive benchmarking with market share analysis and company profiles
  • Medium voltage distribution board market is projected to witness strong growth on account of increasing investments toward the development of new commercial and industrial facilities. Government measures to expand the existing manufacturing capability in order to reduce the import dependency will further add to the industry revenue.
  • Flush mounting distribution board market is set to expand over 5% by 2024. Less space requirement along with high safety index are some of the key underlined features which will encourage the product penetration across commercial facilities.
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