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.
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Further key findings from the study suggest:
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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)
Middle East Distribution Panel Capacity Outlook (Revenue, USD Million, 2012 – 2022)
Middle East Distribution Panel Regional Outlook (Revenue, USD Million, 2012 – 2022)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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