However, the distribution panel market is estimated to grow at a decent CAGR of 6.0% during the forecast period. Major factors such as expansion of smart grids, increasing urbanization, and increasing focus towards safety from operational hazards are driving the growth of the market. In addition, the development of smart distribution panels, rapid infrastructure development, and the growing construction industry are further expected to bolster the demand for distribution panels over the forecast period.
Source: https://www.stratviewresearch.com/2868/distribution-panel-market.html
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