Global Market Insights, Inc., projects the overall distribution panel market size to register a CAGR of 5% over 2017-2024. The industry growth is reportedly driven by the increased funding provided toward electrifying the rural and inaccessible areas of the emerging economies and the rising number of energy efficient electrical system installations to obtain sustainable power output.
Five geographical trends predominating distribution panel market:
Owing to the increasing electricity demand, especially from the urban areas, prominent distribution panel market firms such as Larsen & Toubro, Hager Group, Legrand, ABB Group, Siemens AG, and Eaton Corp. are focusing on the development of innovative systems like smart panels.
The tag of the latest trend in the F&B sector can be rightly awarded to organic food consumption, a fad that is slated to drive Biostimulants market. Several parameters, including but not limited to health problems, awareness regarding unhealt...
Meat & seafood applications could surpass USD 1 billion in sales by 2024. Increasing focus on development of new products to match requirements of meal processing industry will drive the market demand. They are utilized to improve texture and ...
Painting tools market is gaining popularity across the construction, automotive, packaging, and wood coatings sectors to fulfil the requirement of aesthetics via paint application. The advent of automation and the nume...
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