Power Distribution Component Market | Industry Report, 2030

Category: Business

Over the past few months, the coronavirus pandemic has caused an unprecedented global economic and social crisis. This has caused ripple effects even in the power distribution sector. Since commercial and industrial sectors continue to function in a staggered manner as stakeholders are reluctant to make short and long-term investments in projects, sales in power distribution component market have been affected. Suppliers and manufacturers in the power distribution component market are focusing on needs of the residential sector, as several individuals and businesses are working remotely from their respective homes. The Western Power Distribution in the U.K. is increasing efforts to work 24/7 in order to keep the power flowing to millions of customers; such trends are helping to keep economies running during the ongoing pandemic.