Global Distribution Boards Market: Overview
A distribution board is also known as electric panel breaker panel or panel board. It is an aspect of an electricity supply composition that segments an electrical power feed into supplementary circuits, although providing a protecting fuse or circuit breaker for every circuit in a widespread field. Usually, in new boards, a main switch and additional residual current breakers with over current protection (RCBO) are also integrated. Distribution boards are generally used on provisional electrical installations.
Global Distribution Boards Market: Growth Factors
This development is usually renowned due to the massive growth in construction industry to implement the growing necessities of the growing population, this has led to rising demand for power supply giving rise to the power diffusion and distribution market which at the same point has aggravated the market for power supply plan products like breaker panel, panel-board, electric panel or distribution boards. The distribution board market is categorized based on low and medium voltage. The global market is projected for the medium voltage segment to develop at higher pace in the coming years. This development is mainly due to the stable and rising investment made in electric distribution and power transmission & infrastructure, rising investment in renewable energy and in general growth in the sector of construction. Developing countries such as South Africa, India, Nigeria and so on will compel the low voltage distribution panel market place at a fast pace during the anticipated period.
Global Distribution Boards Market: Segmentation
On the basis of the end-user, the global distribution boards market is divided into commercial & residential sector, distribution and transmission & utilities, manufacturing & processing industry, and others, which include marine, transportation (ports, rail traction systems, and airports), offshore applications and mining. The transmission recorded the leading and distribution utilities segment the leading market size. The transmission & distribution transportation in developed economies in Europe and North America is considered as aging and obsolete. These economies are developing their grids and replacing older installations. Funds in offshore wind farms, which increase their ability, are also projected to drive the global market growth.
Global Distribution Boards Market: Regional Analysis
The distribution boards market has been researched with respect to the main regions explicitly, North America, Africa, South America, Asia Pacific, Europe, and the Middle East. Asia Pacific is anticipated to take over the market, owing to several aspects such as industrialization, effectual smart grid initiatives, urbanization, high investments in the upgradation of transmission & distribution infrastructure, renewable projects and energy efficiency measures.
Global Distribution Boards Market: Competitive players
Major players in the global distribution boards market include ABB Ltd., Siemens AG, General Electric, Schneider Electric SE, and Eaton Corporation.
Global Distribution Boards Market: Regional Segment Analysis
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