Global Panelboards market cagr 8.90%

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Panelboards Market

Panelboards Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031 Request Sample Report

Panelboards Market Size and Growth

The global panelboards market is projected to grow at a steady rate due to the increasing demand for electricity and the growing construction industry worldwide. The market size is estimated to reach $8.6 billion by 2027, driven by factors such as urbanization and industrialization. Key players include Eaton, Schneider Electric, and Siemens.

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Companies Covered (Covid 19 Impact Covered)

◍ Eaton

◍ ABB

◍ Siemens

◍ GE

◍ Schneider Electric

◍ NHP Electrical Engineering Products Pty Ltd

◍ Legrand

◍ Omran Holding Group

◍ Select Switchgear Limited

◍ IEM

◍ S. J. Controls

◍ ESL

◍ Ap Power Technologies

◍ LynTec

◍ SDK Power Tech

◍ East Coast Power Systems

◍ Thomson Power Systems

The panelboards market is highly competitive with key players such as Eaton, ABB, Siemens, GE, Schneider Electric, NHP Electrical Engineering Products Pty Ltd, Legrand, Omran Holding Group, Select Switchgear Limited, IEM, S. J. Controls, ESL, Ap Power Technologies, LynTec, SDK Power Tech, East Coast Power Systems, and Thomson Power Systems. These companies offer a wide range of panelboard products and solutions, catering to various industrial and commercial applications. By continually innovating and expanding their product portfolios, these companies help drive the growth of the panelboards market.

- Eaton: $21.4 billion

- ABB: $27.9 billion

- Siemens: $90.6 billion

- Schneider Electric: €27.2 billion

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Market Segmentation

By Application

◍ Industrial

◍ Commercial

◍ Residential

By Product

◍ Distribution or Lighting Panelboards

◍ Appliance Panelboards

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Market Growth
Million
$ 1639.75
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