Home > Energy & Power > Electrical Equipment > Distribution Panel > Middle East Distribution Panel Market

Middle East Distribution Panel Market Trends

Report ID: GMI467
Published Date: Jul 2023
Report Format: PDF

Download Free Sample

Middle East Distribution Panel Market Trends

The growth of the distribution panel industry is closely tied to infrastructure development, including residential, commercial, and industrial construction projects. As new buildings and facilities are constructed or existing ones are renovated, there is a need for distribution panels to provide electrical power distribution and control. Increasing global electricity demand is a significant driver for the distribution panel market. The integration of renewable energy sources, such as solar and wind power, into the electrical grid is driving the demand for distribution panels.

These panels are essential for connecting renewable energy sources to the grid and facilitating the distribution of clean energy to consumers. The need to upgrade and retrofit existing electrical systems is driving the demand for distribution panels. As technologies advance and safety standards evolve, older panels may need to be replaced or upgraded to meet new requirements. This is particularly relevant in regions with aging infrastructure. Distribution panels play a crucial role in ensuring electrical safety and compliance with local electrical codes and regulations.

Increasing emphasis on safety standards and regulations drives the need for distribution panels that meet the latest safety requirements, including protection against electrical faults, overload, and short circuits. The growing adoption of industrial automation and control systems in various industries drives the demand for distribution panels. These panels provide the necessary power distribution and control for automated equipment, machinery, and processes.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size for distribution panel in the Middle East was reached USD 394.5 million in 2022 and is estimated to witness 6.3% CAGR from 2023 to 2032, due to the growing environmental concerns and the rising focus on sustainable practices.

The medium voltage segment crossed USD 330 million in 2022, driven by the rising number of grid modernization initiatives to improve grid reliability, efficiency, and flexibility.

The utility application segment is set to witness more than 5.7% CAGR from 2023 to 2032, owing to the growing integration of renewable energy sources into the electrical grid.

Saudi Arabia held over 28% of the market share in 2022, attributed to the significant infrastructure developments in the residential, commercial, and industrial sectors.