India Panel Board Market (2022-2028) | Revenue, Growth, Industry, Size, Share, Outlook, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Market Forecast By Applications (Transmission & Distribution Utility, Manufacturing Industry, Commercial & Residential Sector and Others (Marine, Transportation, Offshore, etc.)), By Voltage Type (Low Voltage, Medium Voltage), By Mounting (Flush Mounting, Surface Mounting) and competitive landscape

Product Code: ETC001785 Publication Date: Nov 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 30 No. of Tables: 5

India Panel Board Market Synopsis

A panel board is a type of construction board made from hardwood that is used for roofing, flooring and other applications. Panel boards are an environmentally friendly building material because they are made from natural wood sources. They have a longer lifespan than many other building materials and can be repaired or replaced more easily. Panels also provide a more finished look than traditional materials such as shingles or plywood. The India Panel Board market is a part Asia Pacific panel board market and global panel board market.

According to 6Wresearch, the India Panel Board market size is likely to witness growth during 2022-28. The market is driven by the increasing demand for energy-efficient building materials and products, which in turn is attributed to the growing adoption of green architecture and infrastructure across various sectors such as commercial, residential, transportation, and industrial. The growth of the green construction sector is also likely to spur the demand for panel boards in India. However, sluggish economic growth and stringent environmental regulations are restraining the growth of the Indian panel board market. The government's focus on renewable energy has also led to an increase in demand for solar panels and wind turbines, which will result in increased expenditure on resilient building materials such as panel boards.

Market Analysis By Application

In terms of application, the market is categorized into transmission & distribution utility, manufacturing industry, commercial & residential sector and others (marine, transportation, offshore). The transmission and distribution along with commercial application accounts for the highest market share. Further, government initiatives towards infrastructure development and modernization will further boost the growth of various applications in India.

Market Analysis By Competitive Landscape

Some of the key players operating in this market include NTT DoCoMo, Bharti Airtel Ltd., Reliance Jio Infocomm Ltd., Aditya Birla Group Ltd., Tata Teleservices Ltd., and Vodafone Essar Ltd. Additionally, the market is growing due to the increasing demand for environmental and safety-compliant boards in the country. Apart from this, the increasing awareness about energy conservation and green initiatives among businesses is also helping in boosting the market growth.

COVID-19 Influence on the India Panel Board Market

The occurrence of Covid-19 pandemic has resulted in a stoppage in past. However, the market has recuperated gradually. Currently, the market has tremondous growth opportunities. The growth is driven by increasing requirement for energy conservation and renewable in the country, as well as advances in technology and increasing awareness about the benefits of using green boards. Further, increase in infrastructure investments, rising awareness regarding energy conservation, and increase in demand for environment-friendly boards are some other key factors supporting the market demand. In addition, increasing focus on smart cities and other urban development initiatives is also boosting the demand for panel boards in India.

Key Attractiveness of the Report

  • COVID-19 Influence on the Market Dynamics.
  • 10 Years of Market Data.
  • Historical Numbers from 2018 to 2021.
  • Base Year: 2021
  • Market Forecast Data Until 2028
  • Key Performance Indicators Influencing the Market.
  • Key Developments and Projects.

Key Highlights of the Report

  • India Panel Board Market Overview
  • India Panel Board Market Outlook
  • India Panel Board Market Forecast
  • India Panel Board Market Size and Historical Data of India Panel Board Market Revenues for the Period 2018-2021
  • India Panel Board Market Forecast of Revenues until 2028
  • Historical Data and Forecast of India Panel Board Market Revenues, By Voltage for the Period 2016-2028
  • Historical Data and Forecast of India Panel Board Market Revenues, By Applications for the Period 2016-2028
  • Historical Data and Forecast of India Panel Board Market Revenues, By Mounting for the Period 2016-2028
  • India Panel Board Market Drivers and Restraints
  • India Panel Board Market Trends
  • India Panel Board Market Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • India Panel Board Market Share, By Players
  • India Panel Board Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The report delivers a widespread study of the subsequent market segments:

By Applications

  • Transmission & Distribution Utility
  • Manufacturing Industry
  • Commercial & Residential Sector
  • Others

By Voltage Type

  • Low Voltage
  • Medium Voltage

By Mounting

  • Flush Mounting
  • Surface Mounting

Frequently Enquired Queries Regarding the Market Study: FAQs

1). Which voltage type accounts for the maximum market share in the India Panel Board Market?

The medium voltage type accounts for the maximum market share in the India Panel Board market.

2). Does the report include the impression of COVID-19?

Yes, the report includes the stimulus of COVID-19.

3). Which application is predictable to register the highest growth rate?

The commercial and residential application is projected to record the highest share in future.

4). What are the critical factors which are increasing the market demand?                                               

The growth of the market is attributed to increasing demand for energy-efficient building and increasing infrastructural development activities in India.

5). What are the major challenges in the India Panel Board Market?        

One of the major challenge is sluggish economic growth and stringent environmental regulations in India.

TABLE OF CONTENTS

1. Executive Summary

2. Introduction

2.1. Report Description

2.2. Key Highlights of The Report

2.3. Market Scope & Segmentation

2.4. Research Methodology

2.5. Assumptions

3. India Panel Board Market Overview

3.1. India Panel Board Market Revenues, 2018-2028F

3.2. India Panel Board Market Revenue Share, By Voltage Type, 2021 & 2028F

3.3. India Panel Board Market Revenue Share, By Applications, 2021 & 2028F

3.4 India Panel Board Market Revenue Share, By Mounting, 2021 & 2028F

3.5. India Panel Board Market - Industry Life Cycle

3.6. India Panel Board Market - Porter’s Five Forces

4. India Panel Board Market Dynamics

4.1. Impact Analysis

4.2. Market Drivers

4.3. Market Restraints

5. India Panel Board Market Trends

6. India Panel Board Market Overview, By Voltage Type

6.1. India Panel Board Market Revenues, By Low Voltage, 2018-2028F

6.2. India Panel Board Market Revenues, By Medium Voltage, 2018-2028F

7. India Panel Board Market Overview, By Applications

7.1. India Transmission & Distribution utility Electric Panel Board Market Revenues, 2018-2028F

7.2. India Manufacturing Industry Electric Panel Board Market Revenues, 2018-2028F

7.3. India Commercial & Residential Electric Panel Board Market Revenues, 2018-2028F

7.4. India Other Applications Electric Panel Board Market Revenues, 2018-2028F

8. India Panel Board Market Overview, By Mounting

8.1 India Panel Board Market Revenues, By Surface Mounting, 2018-2028F

8.2 India Panel Board Market Revenues, By Flush Mounting, 2018-2028F

9. India Panel Board Market Key Performance Indicators

10. India Panel Board Market Opportunity Assessment

10.1. India Panel Board Market Opportunity Assessment, By Voltage Type, 2028F

10.2. India Panel Board Market Opportunity Assessment, By Applications, 2028F

10.3 India Panel Board Market Opportunity Assessment, By Mounting, 2028F

11. India Panel Board Market Competitive Landscape 

11.1. India Panel Board Market Competitive Benchmarking, By Operating & Technical Parameters

11.2. India Panel Board Market Revenue Share, By Companies, 2021

12. Company Profiles

13. Key Strategic Recommendations

14. Disclaimer

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Thailand Panel Board Market (2020-2026): Market Forecast By Applications(Transmission & Distribution Utility, Manufacturing Industry, Commercial & Residential Sector), By Voltage Type(Low Voltage, Medium Voltage), By Mounting(Flush Mounting, Surface Mounting), and competitive landscape

Singapore Panel Board Market (2020-2026): Market Forecast By Applications(Transmission & Distribution Utility, Manufacturing Industry, Commercial & Residential Sector), By Voltage Type(Low Voltage, Medium Voltage), By Mounting(Flush Mounting, Surface Mounting), and competitive landscape

Philippines Panel Board Market (2020-2026): Market Forecast By Applications(Transmission & Distribution Utility, Manufacturing Industry, Commercial & Residential Sector), By Voltage Type(Low Voltage, Medium Voltage), By Mounting(Flush Mounting, Surface Mounting), and competitive landscape

Malaysia Panel Board Market (2020-2026): Market Forecast By Applications(Transmission & Distribution Utility, Manufacturing Industry, Commercial & Residential Sector), By Voltage Type(Low Voltage, Medium Voltage), By Mounting(Flush Mounting, Surface Mounting), and competitive landscape

 

Market Forecast By Applications (Transmission & Distribution Utility, Manufacturing Industry, Commercial & Residential Sector and Others (Marine, Transportation, Offshore, etc.)), By Voltage Type (Low Voltage, Medium Voltage), By Mounting (Flush Mounting, Surface Mounting) and competitive landscape

Product Code: ETC001785 Publication Date: Mar 2020 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India panel board market is projected to witness healthy growth during the forecast period. Market growth is majorly driven by widespread development in the power infrastructure of the country on account of surging power demand from the residential, commercial, and industrial segments. Also, to fulfill the surging electricity demand of the growing population, the government of India is investing heavily towards electrification across remote areas thus, driving the demand for panel boards.       

According to 6Wresearch, the India panel board market is anticipated to witness growth during 2020-2026. India is estimated to be one of the fastest-growing markets for panel boards in the Asia Pacific region. The “India Vision 2040” aims at supporting the nation’s ambition to emerge as a well-developed and resilient economy with high technological and market-related changes in the energy sector. Besides this, there are several policies enforced by the Indian government like National Smart Grid Mission (NSGM), Smart Meter National Programme, Integrated Power Development Scheme (IPDS), Indian Electrical Equipment Industry Mission Plan 2022, UDAY & others to promote electricity sector, boding well for the panel boards demand in India in the next few years.

The low voltage electric panel board segment is expected to grow at a healthy pace during the forecast period on account of the rising deployment of smart grid technology and accelerating rural electrification. Moreover, the rising need to curb short circuits and electricity supply faults would add to the market growth of low voltage panel boards in the country over the years.

The India panel board market report thoroughly covers the market by applications, voltage, and mounting. India panel board market outlook report provides an unbiased and detailed analysis of the on-going India panel board market trends, India panel board market share, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics. 

Baked by the rapid industrialization in the country along with a rise in the infrastructural growth and the growth efforts of the government of the country towards the rural electrification is expected to be a growth contributing factor for the India panel board market and is expected to bring in bountiful opportunities for the potential industrialists and the to be investors of the market to seek bulk investment gains in the market and witness potential and progressive business growth in the coming timeframe. Additionally, the India panel board market is expected to gain potential in the coming years as a result of the rising proliferation of the manufacturing and production industries and is expected to assist the India panel board market gain potential in the coming timeframe.

India panel Board market is projected to register sound revenues in the upcoming six years backed by the rising electricity access, especially in rural areas. Additionally, the rising BFSI sector is estimated to generate high sales revenues in the upcoming six years on the back of the rising use of digitalized machines underpinned by the fact the BFSI is also gaining traction towards the digital era and the integration of fuse for each circuit breaker has proven itself evident for the panel board as a precautionary device to safeguard building infrastructure which as a part and parcel of the BFSI sector is expected to impact positively over the market growth and this would benefit the growth of India panel board market in the coming timeframe.

Key Highlights of the Report:

  • India Panel Board Market Overview
  • India Panel Board Market Outlook
  • India Panel Board Market Forecast
  • India Panel Board Market Size and Historical Data of India Panel Board Market Revenues for the Period 2016-2019
  • India Panel Board Market Forecast of Revenues until 2026
  • Historical Data and Forecast of India Panel Board Market Revenues, By Voltage for the Period 2016-2026
  • Historical Data and Forecast of India Panel Board Market Revenues, By Applications for the Period 2016-2026
  • Historical Data and Forecast of India Panel Board Market Revenues, By Mounting for the Period 2016-2026
  • India Panel Board Market Drivers and Restraints
  • India Panel Board Market Trends
  • India Panel Board Market Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • India Panel Board Market Share, By Players
  • India Panel Board Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered:

The India panel board market report provides a detailed analysis of the following market segments:

  • By Applications
    • Transmission & Distribution Utility
    • Manufacturing Industry
    • Commercial & Residential Sector
    • Others (Marine, Transportation, Offshore, etc.)
  • By Voltage Type
    • Low Voltage
    • Medium Voltage
  • By Mounting
    • Flush Mounting
    • Surface Mounting

Pricing
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