PUNE, India, May 24, 2016 /PRNewswire/ --
The report "Distribution Boards Market by
Voltage Rating (Low Voltage, Medium Voltage), by End-User
(Transmission & Distribution Utilities, Manufacturing &
Processing Industry, Commercial & Residential Sector, and
Others), and by Region - Global Forecast and Trends to 2021"
published by MarketsandMarkets, The market is projected to grow
from an estimated USD 4.33 Billion in
2016 to USD 5.91 Billion by 2021,
registering a CAGR of 6.4% from 2016 to 2021.
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Browse 66 market data Tables with 30
Figures spread through 160 pages and in-depth TOC
on "Distribution Boards Market"
http://www.marketsandmarkets.com/Market-Reports/distribution-board-market-10103490.html
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Factors such as growing investments in transmission &
distribution infrastructure and increasing construction and
infrastructural activities are driving the global market for
distribution boards.
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.
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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.
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.
To enable an in-depth understanding of the competitive
landscape, the report includes profiles of some of the leading
players in the electric Distribution Boards Market including
ABB Ltd. (Switzerland), Siemens AG
(Germany), General Electric
(U.S.), Schneider Electric SE (France), and Eaton Corporation (Ireland). These players are trying to
penetrate developing economies and are adopting various methods to
increase their market share.
The report includes a market share analysis, by revenue, for key
companies. The report helps market participants to identify
high-growth segments and assists them in making key investment
decisions
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