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North America Surface Mounted Distribution Panel Market Size
- Report ID: GMI11594
- Published Date: Sep 2024
- Report Format: PDF
North America Surface Mounted Distribution Panel Market Size
North America surface mounted distribution panel market size was valued USD 935.9 million in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2032. Urbanization and infrastructure development drive demand for residential and commercial construction. Energy efficiency focus and smart technology integration, including smart meters and home automation systems, expand the market.
Regulatory standards on safety and performance encourage system upgrades. The U.S. Energy Information Administration reports that small-scale solar photovoltaic systems generated 41.7 billion kilowatt-hours of electricity in 2021, highlighting the increasing need for advanced distribution panels to support renewable energy installations. These trends create a favorable environment for the surface-mounted distribution panel market in North America.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Surface Mounted Distribution Panel Market Size in 2023: | USD 935.9 million |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 4.2% |
| 2024 – 2032 Value Projection: | USD 1.4 billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 70 |
| Tables, Charts & Figures: | 10 |
| Segments covered: | Voltage, End Use |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
North America Surface Mounted Distribution Panel Market Scope
