(MENAFN- Ameliorate Digital Consultancy)
An electrical sub-panel, also known as a subdistribution panel or subpanel, is a secondary circuit breaker panel that is connected to the main electrical service panel of a building or residence. It serves as an extension of the main panel and allows for the distribution of electrical power to specific areas or circuits within a structure. Electrical sub-panels are common in both residential and commercial buildings and play a crucial role in managing and controlling the electrical supply to variparts of the building.
The Electrical Sub Panel Market was valued at USD 9096.16 Million in 2022 and is expected to register a CAGR of 6.5% by 2032.
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Key Drivers:
Rising Construction Activity: Increased construction of residential, commercial, and industrial buildings drives the demand for electrical sub-panels as these structures require organized and expanded electrical distribution systems.
Renovation and Remodeling: Homeowners and businesses often upgrade electrical systems during renovations and remodeling projects, leading to the installation of new sub-panels to accommodate additional circuits and electrical loads.
Increasing Energy Efficiency Measures: The adoption of energy-efficient technologies, such as solar panels and electric vehicle chargers, necessitates the installation of sub-panels to manage the additional electrical loads and optimize energy use.
Growing Industrial Sector: The expansion of industrial facilities and manufacturing plants requires the installation of sub-panels to support machinery, equipment, and industrial processes.
Commercial and Residential Real Estate Development: New commercial and residential developments and smart home technologies contribute to the demand for sub-panels to support modern electrical needs.
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Brief description of Electrical Sub Panel:
Components of an Electrical Sub-Panel:
Circuit Breakers: Sub-panels contain circuit breakers or fuses that protect individual circuits. These circuit breakers can be tripped to disconnect power to a specific area without affecting the entire building. Bars: bars are conductive metal strips or bars inside the sub-panel that distribute electrical power to the circuit breakers. They receive power from the main service panel and then distribute it to the individual circuits. Neutral Bar : A neutral bar is a metal bar or terminal block that connects the neutral wires from the individual circuits to the main neutral conductor. This helps balance the electrical load and ensures proper grounding. Grounding Bar : A grounding bar is used to connect the grounding conductors from the circuits to the main ground or earth ground. It helps protect against electrical faults and ensures safety. Main Disconnect: Some sub-panels may have a main disconnect breaker, which allows for the complete shutdown of power to the sub-panel for maintenance or emergency situations. Purpose and Applications:
Expanded Capacity: Sub-panels are installed when the capacity of the main electrical panel is insufficient to meet the electrical needs of a building. They provide additional circuit spaces for new appliances, circuits, or room additions. Circuit Organization: Sub-panels help organize electrical circuits by grouping them based on specific areas or functions within a building. For example, a sub-panel might serve the kitchen or a detached garage. Load Balancing: Sub-panels allow for load balancing by distributing electrical loads across multiple circuits, preventing overloads and tripped breakers. Remote Locations : In larger buildings, sub-panels are often placed in remote or distant areas, such as different floors or wings, to reduce the length of wiring runs from the main panel. Dedicated Circuits : They are used for dedicated circuits that require a separate breaker, such as for heavy appliances like electric stoves, water heaters, or air conditioning units. Commercial and Industrial Use : In commercial and industrial settings, sub-panels are crucial for managing complex electrical systems and ensuring that power is distributed efficiently and safely.
Key Company
. ABB
. EAMFCO
. Eaton
. GE
. Leoni
. Mastervolt
. Mitsubishi Electric
. Nilsen
. PVJ Power
. ROMAC
. Rolla
. ST Microelectronics
. Sanken Electric
. Schneider Electric
. Siemens
By Type
. Single Phase Electrical Sub Panel
. Three Phase Electrical Sub Panel
By Application
. Commercial Use
. Residential Use
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COVID-19:
The COVID-19 pandemic has had a wide-ranging negative impact on the overall market due to sudden imposition of lockdown and slowed import and export activities. However, this scenario is expected to change considering to decreasing COVID-19 cases. The manufacturers and leading players are focused on trying different strategic techniques to make up for the losses amidst the pandemic.
Regional Conflict/Russia-Ukraine War:
The report presents the impact of regional conflict and the Russia-Ukraine war on this market in an effort to help readers/users understand how the market dynamics have changed and how it is going to evolve in the coming year
Electrical Sub Panel Market Segment by Region:
North America (USA, Canada, Mexico)
Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East & Africa (Saudi Arabia, U.A.E, Egypt, Nigeria, South Africa, Rest of MEA)
Competitive Landscape:
The global Electrical Sub Panel market is highly competitive and consists of leading regional and global market players. These players employ a wide range of strategic methods to maintain or enhance their competitive position. Some of the common strategies include mergers and acquisitions, joint ventures, product launches, franchising, and licensing.
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