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Distribution Boards Market by Voltage Rating, by End-User, and by Region - Global Forecast and Trends to 2021

The global distribution boards market is estimated to record a market size of USD 4.33 Billion in 2016, and is projected to grow at a CAGR of 6.4% from 2016 to 2021, to reach USD 5.91 Billion by 2021. Market growth is driven by factors such as the growing need to protect electrical components and networks, increasing global electricity demand, subsequent investments in renewable power plants, and increasing construction and infrastructural activities across the globe.

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Distribution Boards Market by Voltage Rating, by End-User, and by Region - Global Forecast and Trends to 2021

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  1. Distribution Boards Market by Voltage Rating, by End-User, and by Region - Global Forecast and Trends to 2021 www.MarketsandMarkets.com

  2. Transmission & distribution utilities the key end-user of distribution boards Distribution boards primarily find application in transmission & distribution utilities. In 2015, transmission & distribution utilities constituted the largest segment of the distribution boards market, and accounted for the largest share of the total market. Substations are a crucial element of any grid system, and require high-level protection to ensure the stability of the system. Distribution boards are used extensively by utilities to prevent damages to expensive and critical equipment. The increasing electricity access across the world would result in an increase in the number of substations, which would in turn, raise the demand for distribution boards. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=10103490

  3. Growing inclination towards medium voltage distribution boards The report also segments the distribution boards market on the basis of rated voltage into low voltage and medium voltage. Medium voltage distribution boards have received widespread acceptance in the past few years. The increasing investments in transmission & distribution infrastructure and in renewable power plants will likely provide a major boost to the market. The medium voltage distribution boards market is expected to grow at the highest CAGR during the forecast period. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=10103490

  4. Browse >> 73market data tables 44figures 145 pagesand in-depth TOC on “Distribution Boards Market by Voltage Rating, by End-User, and by Region - Global Forecast and Trends to 2021” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  5. Asia-Pacific to dominate the market for distribution boards In this report, the electric distribution boards market has been analyzed with respect to five regions namely, Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. Asia-Pacific is estimated to dominate the market, owing to factors such as urbanization, industrialization, effective smart grid initiatives, high investments in the upgradation of transmission & distribution infrastructure, energy efficiency measures, and renewable projects. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=10103490

  6. Target Audience: • The target audience of this report includes: • Distribution board manufacturers, dealers, and suppliers • Transmission & distribution utilities • State and national regulatory authorities • Power generation plants • Consulting companies and associations in the energy & power sector • Government and research organizations • Energy associations • Investment banks • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=10103490

  7. Key players - • To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the Distribution Boards Market , namely: • ABB Ltd. (Switzerland), • Eaton Corporation (Ireland), • General Electric (U.S.), • Schneider Electric SE (France), • Siemens AG (Germany). • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=10103490

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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