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

UAE panel board market is projected to experience moderate growth during the forecast period. The Government of UAE responded strongly to the worsened economic conditions in the region after the oil crash of 2014 by implementing strict localization targets, value-added tax (VAT), increasing non-oil sector contribution in the GDP of the country and several other regulatory reforms. Continued investment ahead of the mega event - Expo 2020, expansion of Al Maktoum International airport, an extension of red and green lines of Dubai metro, Abu Dhabi metro, and several other commercial and residential projects, would drive the demand for panel boards in the country.

According to 6Wresearch, UAE Panel Board Market size is anticipated to register growth during 2020-2026. In recent years the Emirate witnessed an unprecedented construction boom backed by government-led investments and initiatives. However, most of the projects are already completed or in the completion phase as the Expo 2020 is likely to start from October 2020. Thus, the construction industry is projected to undergo sluggish growth over the next 1-2 years. However, the rising deployment of energy-efficient electrical systems along with green building regulations of the government would provide the necessary boost to the demand for panel boards in the years to come.

Further, the transportation application segment of the panel board is projected to grow significantly as the UAE government is encouraging the adoption of electric vehicles in the country by installing charging stations under the UAE Vision 2021 thus, providing more avenues for the panel board demand in the country during the forecast period.

The UAE panel board market report thoroughly covers the market by applications, voltage, and mounting. UAE panel board market outlook report provides an unbiased and detailed analysis of the on-going UAE panel board market trends, UAE 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.

Key Highlights of the Report:

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

Markets Covered:

The UAE 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

Frequently Asked Questions About the Market Study (FAQs):