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Asia Pacific Commercial Distribution Panel Market Share
With its extensive range of products, cutting-edge technology, and well-established presence, ABB retains a notable stake in the Asia-Pacific commercial distribution panel market. Renowned for its reliability and innovative solutions, ABB stands out as a crucial contributor in addressing the region's ever-changing energy distribution requirements.
Asia Pacific Commercial Distribution Panel Market Companies
Major key players operating across the Asia Pacific commercial distribution panel industry are:
- ABB
- Akey Electro Techniques
- alfanar Group
- Dara Switchboards
- Dynamic Control Systems
- Delta Electronics (Thailand) PCL
- Eaton
- General Electric
- Larsen & Toubro Limited
- Legrand AV Inc.
- Nextgen Power Controls
- Power Tech India
- Schneider Electric
- Symbiotic Systems
- Siemens
- TERASAKI ELECTRIC CO. (FE) PTE LTD
- Zhejiang Zhegui Electric Co., Ltd.
How big is the Asia Pacific commercial distribution panel market?
Asia Pacific market for commercial distribution panel was reached USD 1.1 billion in 2023 and is projected to expand at 6.4% CAGR from 2024 to 2032, driven by the rapid industrialization and urbanization across the region.
Why is the demand for medium voltage commercial distribution panels rising in APAC?
The medium voltage distribution panels segment in the Asia Pacific commercial distribution panel industry is likely to exceed USD 1.82 billion by 2032, due to the expanding businesses and escalating electricity demand.
Why is the need for surface mounting commercial distribution panels rising in APAC?
The surface mounting segment in the Asia Pacific commercial distribution panel market is estimated to witness more than 5.5% CAGR between 2024 and 2032, as they are easier and quicker to install compared to recessed or flush-mounted panels.
What factors are driving the commercial distribution panel market growth in China?
China commercial distribution panel industry size is predicted to hit USD 900 million by 2032, led by the rapid urbanization, expanding industrialization, and increasing infrastructure development.