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Global Power Distribution Component Market is expected to foresee significant growth. North America to lead the growth!

North America region is expected to grow significantly during the forecast period. This is mainly due to the existence of many highly developed technical nations, like the United States and Canada. The adoption of renewable energy sources in the region, like solar and wind power, has increased significantly, which has increased the demand for effective power distribution components. Moreover, the …

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Power Distribution Component Market

Global Power Distribution Component Market is expected to foresee significant growth. Asia-Pacific to lead the growth!

Global Power Distribution Component Market was valued at ~US$ 100 billion in 2020 and is anticipated to grow at a CAGR of ~6% over the forecast period (2021-2027).  With increasing energy demand across Asia Pacific region, various countries across the region have ramped up their production of fossil fuels to meet the ever-increasing demand of electricity in the region. Despite …

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