Share this article Share this article SELBYVILLE, Del., April 13, 2021 /PRNewswire/ -- The Distribution Panel Market revenue is anticipated to cross USD 8 billion by 2027, as reported in the latest study by Global Market Insights Inc. owing to increasing government focus toward rural electrification and surging installation of energy efficient electrical systems. The growing need for protective devices, along with ongoing refurbishment of existing power networks, is set to boost the product demand. Global Market Insights Inc. The medium voltage distribution panel industry will gain an appreciable momentum on account of large-scale integration of renewable energy resources and rapid increase toward development of industrial manufacturing facilities. Government measures to expand the existing manufacturing capability in order to reduce the import dependency will further accelerate the business growth. The public and private players are investing extensively toward renewable capacity addition coupled with government incentives and schemes which in turn will energize the business potential.