San
Francisco, 21 September 2018, The Middle East distribution panel market size is expected to reach USD
2.01 billion by 2022, according to a new study by Grand View Research, Inc.
Distribution panels constitute
an insulated board or box containing circuit breakers, from which connections
are made between the main feeder lines and branch lines. Widespread usage of
such boards in telecommunication, servers, generators, alternative power, and
medical industry applications is expected to escalate industry growth over the
next few years.
Technological advancements
incorporating several features in distribution panels that tend to reduce
installation complexities and energy imports have led to increased
self-sustainability. Additionally, high level of engineering innovation has
resulted in better designs and significant benefits, simplifying wiring and
reducing material requirements. These latest designs also meet shorter lead
time requirements.
Such electrical devices which offer benefits such as
efficient power supply while providing protective circuit breakers, have
created avenues for industry growth. Smart distribution panels’ development
promotes high penetration of renewable resources and dynamic islanding, which
may also spur demand significantly over the forecast period.
Full Research Report On Middle East distribution panel
market Analysis:
www.grandviewresearch.com/industry-analysis/middle-east-distribution-panel-market
www.grandviewresearch.com/industry-analysis/middle-east-distribution-panel-market
Further key findings from the study suggest:
·
The standalone panel segment is
estimated to grow at a CAGR of over 5% during the next seven years. Standalone
boards are extensively used in urban areas while pole-mounted distribution
boards find applications in electrical T&D in remote and rural areas.
·
Capacity segment comprises low,
medium, and high voltage distribution boards. Medium voltage boards contributed
to over 40% of the overall revenue share in 2014, which can be attributed to
their increased use in the domestic sector. High-voltage boards also captured a
considerable portion of the market owing to their growing applicability in
commercial applications such as shopping malls and airports.
·
Saudi Arabia is expected to
grow at a CAGR of over 6% during the forecast period on account of increasing
electrical T&D activities across the region. Qatar is expected to grow
significantly over the next seven years on account of increasing
commercialization and businesses in the region. Rising demand for improved
quality and reliability of energy supply coupled with optimum management of
power grids is expected to increase demand for such T&D panels in the
region.
·
Key industry participants
include ABB Ltd., Abunayyan Holding, Ba`amer Electric, EAMFCO, Hager, Legrand,
National for Electrical Panel Boards, Riyadh Factory for Panel Boards, and
Schneider Electric SA. Vendors offer enhanced and differentiated products in
order to gain a competitive advantage over other industry players.
·
Companies are focused on their
regional expansion strategies and are undertaking mergers and acquisitions to
gain momentum in the market. For instance, in June 2015, French electrical
equipment major, Legrand announced acquisition of Raritan, which specializes in
data center and electrical infrastructure solutions and thus added Raritan’s
intelligent power and KVM businesses into its core activities.
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Grand View Research has segmented the
Middle East distribution panels market on the basis of product, capacity and
region:
Middle East Distribution Panel
Product Outlook (Revenue, USD Million, 2012 - 2022)
·
Standalone
·
Pole-Mounted Transformers
Middle East Distribution Panel
Capacity Outlook (Revenue, USD Million, 2012 - 2022)
·
Low voltage
·
Medium voltage
·
High voltage
Middle East Distribution Panel
Regional Outlook (Revenue, USD Million, 2012 - 2022)
·
KSA
·
Qatar
·
UAE
Access Full
Press Release of this Report:
www.grandviewresearch.com/press-release/middle-east-distribution-panel-market-analysis
www.grandviewresearch.com/press-release/middle-east-distribution-panel-market-analysis
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
