Saudi Arabia Panel Board Market (2020-2026) | Outlook, Forecast, Value, Analysis, Revenue, Industry, Size, Trends, COVID-19 IMPACT, Share, Companies & Growth

Market Forecast By Voltage (Low Voltage , Medium Voltage), By Mounting (Flush Mounting , Surface Mounting) and competitive landscape

Product Code: ETC001789	Publication Date: Mar 2020	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

The report thoroughly covers Saudi Arabia Panel Board Market by voltage and mounting. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers, which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.

Saudi Arabia Panel Board Market Synopsis

Saudi Arabia Panel Board Market is anticipated to show a spurring growth in the forecast period owing to improving economy in the kingdom, the country is making rapid investments in the infrastructure sector, in line with the Saudi Vision 2030. The Increasing deployment of electric systems which are energy efficient for the achievement of sustainable power output would also increase the demand of panel board in Saudi Arabia. However, the market has seen a decline due to the outbreak of COVID-19 which has put restrictions over industrial and commercial sector operations as the nations fight the battle ground to combat the spread of the deadly disease.

According to 6Wresearch, Saudi Arabia Panel Board Market size is projected to grow at CAGR of 3.9% during 2020-2026. The low voltage panel board would witness substantial growth owing to rising investments in residential and commercial establishments. Furthermore, the increasing government incentives and initiatives including national energy efficiency programme would increase the penetration of both low and medium voltage panel board in the Saudi Arabia panel board market.

Saudi Arabia Panel Board Market

Market Analysis by Mounting

On the basis of mounting, Surface mounting segment has gained dominance in the overall market revenues in 2019. Aggressive expansion of manufacturing facilities along with optimization of MV grids will stimulate the surface mount panel board market resulting in the dominance of the surface mounting in the panel boards market. Improved efficiency level and high reliability index are some of the most prominent features that are considered while purchasing a panel board in Saudi Arabia (KSA).

Key Attractiveness of the Report

COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2016 to 2020.
Base Year: 2019
Forecast Data until 2026.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report:

Historical data of Saudi Arabia panel board market revenues for the period 2016-2019
Saudi Arabia panel board market size and market forecast of revenues, until 2026F
Historical data of Saudi Arabia panel board market revenues, by voltage, for the period 2016-2019
Saudi Arabia panel board market size and market forecast of revenues, by voltage, until 2026F
Historical data of Saudi Arabia panel board market revenues, by mounting, for the period 2016-2019
Saudi Arabia panel board market size and market forecast of revenues, by mounting, until 2026F
Market Drivers and Restraints
Market Trends and Developments
Player Market Share and Competitive Landscape
Company Profiles
Strategic Recommendations