Scope of the Study
Electrical panels are known as a breaker box or a distribution board, and an electrical panel is a steel box that enclosed with electrical system’s circuit breakers, which are switches that regulate the power supply. Circuits are used to distribute the power provided by the electric survive provider. Circuits’ breakers protect the wiring from electrical shorts or surges, effectively shutting off the power supply when tripped. Demands of electrical panels are increasing due to rapid industrialization and electrification is the key driving factor for the growth of electrical panels. Mainly, electrical panels are an integral part of all electrical equipment like transformer, motor control center, incinerator, motor, generator, etc.
The market study is being classified by Type (Main Breaker Panel, Main Lug Panel, Sub Panel, Panel fuse bank, Unitized Panel and Industrial Lighting Panel), by Application (Residential and Commercial) and major geographies with country level break-up.
ABB (Switzerland), Siemens (Germany), GE (United States), Eaton (Ireland), Schneider Electric (France), Hager (Germany), Legrand (France), Paneltronics (United States), INDUSTRIAL ELECTRIC MFG (United States) and ESL Power Systems, Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Konark Automation (India) and Arabian Gulf Switchgear (United Arab Emirates).
The Manufacturers having a strong hold in the market are ABB, Siemens, GE, Eaton, and Schneider Electric. Research Analyst at AMA predicts that European Manufacturers will contribute to the maximum growth of Global Electrical Panels market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Electrical Panels market by Type, Application and Region.
On the basis of geography, the market of Electrical Panels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Industry, the sub-segment i.e. Residential will boost the Electrical Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Funding Toward the Electrification across Remote Areas of Developing Economies
- Increasing Demand in the Power Capacity Addition is Marginally Boosting the Demand for Electrical Panels
- Increasing Rapid Electrification and Industrialization is the key Diver for the Growth
- Stringent Government Norms are Hindering the Market Growth
- Increasing Demand from Commercial Sector Creates Opportunity for Electrical Panels
- e-waste is Generated from the Electrical Panels is a major Challenge
Key Target AudienceElectrical panel Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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