A distribution panel, also known as distribution board, is an electricity supply system component. It splits power feed into subsidiary circuits, whilst offering safety fuse for circuits in general enclosures. Technologies that can reduce complexities in the installation of distribution panels are facing huge demand.
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The Middle East distribution panel market was about USD 1.3 billion in 2014. It is anticipated to attain USD 2 billion by 2022. Rising population and electricity demand in the region are driving the market. Effective distribution boards utilizing solar energy for producing clean energy & more power have led to renewable electricity production. This factor also furthers market sales.
Stand alone panels and pole mounted transformers are the products of the Middle East distribution panel market. Stand alone panels comprise gas, water, and power connections. They constituted above 55% shares in 2014 and are predicted to exhibit over 5% CAGR from 2015 to 2022 (forecast phase). The latter has applications in the transmission & distribution of electricity in urban & rural areas.
On the basis of operating capacities, the Middle East distribution panel market is categorized into low, medium, and high voltage. Medium voltage panels are used in homes and apartments. They have an expectant growth rate of nearly 6% over the forecast phase. High voltage panels collected more than 35% of the global revenues in 2014. They find use in airports, shopping malls, and other industries. Low voltage stood over USD 250 million in 2014.
The Middle East distribution panel is also divided into geographies; Saudi Arabia, Qatar, and UAE (United Arab Emirates). Saudi Arabia will grow at an expectant CAGR above 6% in the coming seven years. It contributed over 35% shares in 2014. Qatar can expect significant demand on account of commercialization.
Rising population and new construction projects are projected to drive UAE. Renewable resources and high disposable incomes would favor the nation. Prominent companies in the Middle East distribution panel market include Legrand, ABB Limited, Hager, Alfanar Group, and Schneider Electric SA.
They develop new products that decrease ecological impact and find use across various industries. These companies also focus on advanced technologies to generate profits.
Information Source: Grand View Research