Asia-Pacific Switchgear Market, Forecast to 2025

Asia-Pacific Switchgear Market, Forecast to 2025

Southeast Asia is Likely to Contribute to 50% of the Total Switchgear Sales by 2030 in APAC

RELEASE DATE
26-Mar-2019
REGION
Asia Pacific
Research Code: PA08-01-00-00-00
SKU: EG01964-AP-MR_22945

$4,950.00

Special Price $3,712.50 save 25 %

In stock
SKU
EG01964-AP-MR_22945

$4,950.00

$3,712.50 save 25 %

DownloadLink

Pay by invoice

ENQUIRE NOW

Description

The APAC switchgear market will continue to grow at a steady CAGR of 2.9% from 2018 to 2025. The growth is attributed to the increasing power demand and grid connectivity across APAC. Moreover, the market will also be driven by retrofit of ageing equipment, especially for MV and HV switchgears.

Nonetheless, the growth opportunities vary across regions in APAC. Southeast Asia will remain as the fastest growing region during the forecast period, and this growth will be attributed by its rapid development in grids and construction. Although East Asia is the largest market segment, it is expected to account a low CAGR of below 2%. This trend is similar to that in ANZ, where the growth is relatively lower in the mature markets. Among the 6 nations in Southeast Asia, the top 3 countries include Malaysia, Vietnam, and Indonesia, which together held a share of 58.1% in 2018; these countries will continue to maintain their dominance during the forecast period as well. In East Asia, Japan leads the market in terms of market size, but Taiwan is expected to witness better growth rates, especially in the HV segment. In ANZ, segments with better growth opportunities will be from LV and MV switchgears in New Zealand. Across all regions, utilities are the main customers over commercial and residential and industrial end users. In terms of voltage class, LV switchgears will be the fastest growing segment when compared with MV and HV switchgears.

Identified key growth opportunities include eco-friendly gas for switchgears, M&As, and smart devices and data analytics. With the rise in environmental concerns among end users, manufacturers are working on developing alternate, more eco-friendly insulation and arc extinguishing medium. Competition will continue to be stiff and therefore companies in the transmission and distribution markets are expanding business footprint through M&As. New opportunities also exist in customer engagement and edge intelligence applications. Data gathered can be used to make near-real-time decision and help utilities in making the grid more resilient and reliable.

This research service also looks into competitive analysis and landscape and other key trends in the market. The base year is 2018 with forecast up to 2025.

Key Issues Addressed

  • Is the APAC switchgear market growing? How long will it continue to grow and at what rate?
  • What are the key growth opportunities in this region for switchgear vendors?
  • Which are the countries that are likely to register strong growth in the region during the forecast period?
  • What are the key end-user groups in the region for switchgears?
  • Are the existing competitors structured correctly to meet customer needs?

Author: Rajalingam Arikaarampalayam Chinnasamy

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Key Findings

Market Engineering Measurements

CEO’s Perspective

Associated Multimedia

Market Definitions

Market Segmentation

Market Drivers

Market Restraints

Market Engineering Measurements

Total Market Revenue Forecast

Percent Revenue Forecast by Region

Revenue Forecast by Region

Revenue Forecast by Voltage Class

Market Share

Market Share Analysis

Competitive Environment

Competitive Factors and Assessment

Growth Opportunity—Eco-friendly Gas

Growth Opportunity—Mergers and Acquisitions

Growth Opportunity—Smart Devices and Data Analytics

Strategic Imperatives for Success and Growth

East Asia Key Findings

Revenue Forecast

Percent Revenue Forecast by Country

East Asia Market—End-user Analysis

Percent Revenue Forecast by Voltage Class

Japan Market—Revenue Forecast by Voltage Class

South Korea Market—Revenue Forecast by Voltage Class

Taiwan Market—Revenue Forecast by Voltage Class

East Asia Market Share

Market Share Analysis

Competitive Environment

SEA Key Findings

Revenue Forecast

Percent Revenue Forecast by Country

SEA Market—End-user Analysis

Percent Revenue Forecast by Voltage Class

Indonesia Market—Revenue Forecast by Voltage Class

Malaysia Market—Revenue Forecast by Voltage Class

Philippines Market—Revenue Forecast Voltage Class

Singapore Market—Revenue Forecast by Voltage Class

Thailand Market—Revenue Forecast by Voltage Class

Vietnam Market—Revenue Forecast by Voltage Class

SEA Market Share

Market Share Analysis

Competitive Environment

ANZ Key Findings

Revenue Forecast

Percent Revenue Forecast by Country

ANZ End-user Analysis

Percent Revenue Forecast by Voltage Class

Australia Market—Revenue Forecast by Voltage Class

New Zealand Market—Revenue Forecast by Voltage Class

Market Share

Market Share Analysis

Competitive Environment

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

List of Companies in “Others”

Abbreviations and Acronyms Used

List of Exhibits

List of Figures
  • 1. Total Switchgear Market: Key Market Drivers, APAC, 2019–2025
  • 2. Total Switchgear Market: Key Market Restraints, APAC, 2019–2025
  • 3. Total Switchgear Market: Market Engineering Measurements, APAC, 2018
  • 4. Total Switchgear Market: Revenue Forecast by Region, APAC, 2015–2025
  • 5. Total Switchgear Market: Company Market Share Analysis of Top 5 Participants, APAC, 2018
  • 6. Total Switchgear Market: Competitive Structure, APAC, 2018
  • 7. Total Switchgear Market: Construction Investment, Japan, 2016–2019
  • 8. Total Switchgear Market: Revenue Forecast by Voltage Class, Japan, 2015–2025
  • 9. Total Switchgear Market: Revenue Forecast by Voltage Class, South Korea, 2015–2023
  • 10. Total Switchgear Market: Revenue Forecast by Voltage Class, Taiwan, 2015–2025
  • 11. Total Switchgear Market: Company Market Share Analysis of Top 7 Participants, East Asia, 2018
  • 12. Total Switchgear Market: Competitive Structure, East Asia, 2018
  • 13. Total Switchgear Market: Renewable and Energy-efficiency Targets, SEA, 2018
  • 14. Total Switchgear Market: Revenue Forecast by Voltage Class, Indonesia, 2015–2025
  • 15. Total Switchgear Market: Revenue Forecast by Voltage Class, Malaysia, 2015–2025
  • 16. Total Switchgear Market: Revenue Forecast by Voltage Class, Philippines, 2015–2025
  • 17. Total Switchgear Market: Revenue Forecast by Voltage Class, Singapore, 2015–2025
  • 18. Total Switchgear Market: Revenue Forecast by Voltage Class, Thailand, 2015–2025
  • 19. Total Switchgear Market: Revenue Forecast by Voltage Class, Vietnam, 2015–2025
  • 20. Total Switchgear Market: Company Market Share Analysis of Top 5 Participants, SEA, 2018
  • 21. Total Switchgear Market: Competitive Structure, SEA, 2018
  • 22. Total Switchgear Market: Solar/wind Capacity Enquiry and Available Capacity, Australia, 2018
  • 23. Total Switchgear Market: Revenue Forecast by Voltage Class, Australia, 2015–2025
  • 24. Total Switchgear Market: Revenue Forecast by Voltage Class, New Zealand, 2015–2025
  • 25. Total Switchgear Market: Company Market Share Analysis of Top 3 Participants, ANZ, 2018
  • 26. Total Switchgear Market: Competitive Structure, ANZ, 2018
List of Charts
  • 1. Total Switchgear Market: Market Engineering Measurements, APAC, 2018
  • 2. Total Switchgear Market: Percent Revenue Breakdown, APAC, 2018
  • 3. Total Switchgear Market: Regional Construction Market Growth, Global, 2012–2025
  • 4. Total Switchgear Market: Regional Installed Capacity (GW), APAC, 2018
  • 5. Total Switchgear Market: Revenue Forecast, APAC, 2015–2025
  • 6. Total Switchgear Market: Percent Revenue Forecast by Region, APAC, 2015–2025
  • 7. Total Switchgear Market: Revenue Forecast by Voltage Class, APAC, 2015–2025
  • 8. Total Switchgear Market: Percent Revenue Breakdown, APAC, 2018
  • 9. Total Switchgear Market: Revenue Forecast, East Asia, 2015–2025
  • 10. Total Switchgear Market: Percent Revenue Forecast by Country, East Asia, 2015–2025
  • 11. Total Switchgear Market: Percent Revenue Breakdown by End User, East Asia, 2018
  • 12. Total Switchgear Market: Percent Revenue Forecast by Voltage Class, East Asia, 2015–2025
  • 13. Total Switchgear Market: Percent Revenue Breakdown, East Asia, 2018
  • 14. Total Switchgear Market: Revenue Forecast, SEA, 2015–2025
  • 15. Total Switchgear Market: Percent Revenue Forecast by Country, SEA, 2015–2025
  • 16. Total Switchgear Market: Construction Sector Investments, Singapore, 2017–2021
  • 17. Total Switchgear Market: Construction Value Add to GDP Growth, SEA, 2017–2021
  • 18. Total Switchgear Market: GDP, Thailand, 2018–2021
  • 19. Total Switchgear Market: Completed and Commenced HV T&D Projects, Vietnam, 2018
  • 20. Total Switchgear Market: Percent Revenue Breakdown by End User, SEA, 2018
  • 21. Total Switchgear Market: Percent Revenue Forecast by Voltage Class, SEA, 2015–2025
  • 22. Total Switchgear Market: Percent Revenue Breakdown, SEA, 2018
  • 23. Total Switchgear Market: Revenue Forecast, ANZ, 2015–2025
  • 24. Total Switchgear Market: Percent Revenue Forecast by Country, ANZ, 2015–2025
  • 25. Total Switchgear Market: Solar/wind Capacity Enquiry and Available Capacity, Australia, 2018
  • 26. Total Switchgear Market: Percent Revenue Breakdown, ANZ, 2018
  • 27. Total Switchgear Market: Percent Revenue Forecast by Voltage Class, ANZ, 2015–2025
  • 28. Total Switchgear Market: Percent Revenue Breakdown, ANZ, 2018
Related Research
The APAC switchgear market will continue to grow at a steady CAGR of 2.9% from 2018 to 2025. The growth is attributed to the increasing power demand and grid connectivity across APAC. Moreover, the market will also be driven by retrofit of ageing equipment, especially for MV and HV switchgears. Nonetheless, the growth opportunities vary across regions in APAC. Southeast Asia will remain as the fastest growing region during the forecast period, and this growth will be attributed by its rapid development in grids and construction. Although East Asia is the largest market segment, it is expected to account a low CAGR of below 2%. This trend is similar to that in ANZ, where the growth is relatively lower in the mature markets. Among the 6 nations in Southeast Asia, the top 3 countries include Malaysia, Vietnam, and Indonesia, which together held a share of 58.1% in 2018; these countries will continue to maintain their dominance during the forecast period as well. In East Asia, Japan leads the market in terms of market size, but Taiwan is expected to witness better growth rates, especially in the HV segment. In ANZ, segments with better growth opportunities will be from LV and MV switchgears in New Zealand. Across all regions, utilities are the main customers over commercial and residential and industrial end users. In terms of voltage class, LV switchgears will be the fastest growing segment when compared with MV and HV switchgears. Identified key growth opportunities include eco-friendly gas for switchgears, M&As, and smart devices and data analytics. With the rise in environmental concerns among end users, manufacturers are working on developing alternate, more eco-friendly insulation and arc extinguishing medium. Competition will continue to be stiff and therefore companies in the transmission and distribution markets are expanding business footprint through M&As. New opportunities also exist in customer engagement and edge intelligence applications. Data gathere
More Information
No Index No
Podcast No
Table of Contents | Executive Summary~ || Key Findings~ || Market Engineering Measurements~ || CEO’s Perspective~ || Associated Multimedia~ | Market Overview~ || Market Definitions~ || Market Segmentation~ | Drivers and Restraints—Total Switchgear Market~ || Market Drivers~ || Market Restraints~ | Forecast and Trends—Total Switchgear Market~ || Market Engineering Measurements~ || Total Market Revenue Forecast~ || Percent Revenue Forecast by Region~ || Revenue Forecast by Region~ || Revenue Forecast by Voltage Class~ | Market Share and Competitive Analysis—Total Switchgear Market~ || Market Share~ || Market Share Analysis~ || Competitive Environment~ || Competitive Factors and Assessment~ | Growth Opportunities and Companies to Action~ || Growth Opportunity—Eco-friendly Gas~ || Growth Opportunity—Mergers and Acquisitions~ || Growth Opportunity—Smart Devices and Data Analytics~ || Strategic Imperatives for Success and Growth~ | East Asia Analysis~ || East Asia Key Findings~ || Revenue Forecast~ || Percent Revenue Forecast by Country~ || East Asia Market—End-user Analysis~ || Percent Revenue Forecast by Voltage Class~ || Japan Market—Revenue Forecast by Voltage Class~ || South Korea Market—Revenue Forecast by Voltage Class~ || Taiwan Market—Revenue Forecast by Voltage Class~ || East Asia Market Share~ || Market Share Analysis~ || Competitive Environment~ | SEA Analysis~ || SEA Key Findings~ || Revenue Forecast~ || Percent Revenue Forecast by Country~ || SEA Market—End-user Analysis~ || Percent Revenue Forecast by Voltage Class~ || Indonesia Market—Revenue Forecast by Voltage Class~ || Malaysia Market—Revenue Forecast by Voltage Class~ || Philippines Market—Revenue Forecast Voltage Class~ || Singapore Market—Revenue Forecast by Voltage Class~ || Thailand Market—Revenue Forecast by Voltage Class~ || Vietnam Market—Revenue Forecast by Voltage Class~ || SEA Market Share~ || Market Share Analysis~ || Competitive Environment~ | ANZ Analysis~ || ANZ Key Findings~ || Revenue Forecast~ || Percent Revenue Forecast by Country~ || ANZ End-user Analysis~ || Percent Revenue Forecast by Voltage Class~ || Australia Market—Revenue Forecast by Voltage Class~ || New Zealand Market—Revenue Forecast by Voltage Class~ || Market Share~ || Market Share Analysis~ || Competitive Environment~ | The Last Word~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || List of Companies in “Others”~ || Abbreviations and Acronyms Used~ || List of Exhibits~
Predecessor P8C4-01-00-00-00
List of Charts and Figures 1. Total Switchgear Market: Key Market Drivers, APAC, 2019–2025~ 2. Total Switchgear Market: Key Market Restraints, APAC, 2019–2025~ 3. Total Switchgear Market: Market Engineering Measurements, APAC, 2018~ 4. Total Switchgear Market: Revenue Forecast by Region, APAC, 2015–2025~ 5. Total Switchgear Market: Company Market Share Analysis of Top 5 Participants, APAC, 2018~ 6. Total Switchgear Market: Competitive Structure, APAC, 2018~ 7. Total Switchgear Market: Construction Investment, Japan, 2016–2019~ 8. Total Switchgear Market: Revenue Forecast by Voltage Class, Japan, 2015–2025~ 9. Total Switchgear Market: Revenue Forecast by Voltage Class, South Korea, 2015–2023~ 10. Total Switchgear Market: Revenue Forecast by Voltage Class, Taiwan, 2015–2025~ 11. Total Switchgear Market: Company Market Share Analysis of Top 7 Participants, East Asia, 2018~ 12. Total Switchgear Market: Competitive Structure, East Asia, 2018~ 13. Total Switchgear Market: Renewable and Energy-efficiency Targets, SEA, 2018~ 14. Total Switchgear Market: Revenue Forecast by Voltage Class, Indonesia, 2015–2025~ 15. Total Switchgear Market: Revenue Forecast by Voltage Class, Malaysia, 2015–2025~ 16. Total Switchgear Market: Revenue Forecast by Voltage Class, Philippines, 2015–2025~ 17. Total Switchgear Market: Revenue Forecast by Voltage Class, Singapore, 2015–2025~ 18. Total Switchgear Market: Revenue Forecast by Voltage Class, Thailand, 2015–2025~ 19. Total Switchgear Market: Revenue Forecast by Voltage Class, Vietnam, 2015–2025~ 20. Total Switchgear Market: Company Market Share Analysis of Top 5 Participants, SEA, 2018~ 21. Total Switchgear Market: Competitive Structure, SEA, 2018~ 22. Total Switchgear Market: Solar/wind Capacity Enquiry and Available Capacity, Australia, 2018~ 23. Total Switchgear Market: Revenue Forecast by Voltage Class, Australia, 2015–2025~ 24. Total Switchgear Market: Revenue Forecast by Voltage Class, New Zealand, 2015–2025~ 25. Total Switchgear Market: Company Market Share Analysis of Top 3 Participants, ANZ, 2018~ 26. Total Switchgear Market: Competitive Structure, ANZ, 2018~| 1. Total Switchgear Market: Market Engineering Measurements, APAC, 2018~ 2. Total Switchgear Market: Percent Revenue Breakdown, APAC, 2018~ 3. Total Switchgear Market: Regional Construction Market Growth, Global, 2012–2025~ 4. Total Switchgear Market: Regional Installed Capacity (GW), APAC, 2018~ 5. Total Switchgear Market: Revenue Forecast, APAC, 2015–2025~ 6. Total Switchgear Market: Percent Revenue Forecast by Region, APAC, 2015–2025~ 7. Total Switchgear Market: Revenue Forecast by Voltage Class, APAC, 2015–2025~ 8. Total Switchgear Market: Percent Revenue Breakdown, APAC, 2018~ 9. Total Switchgear Market: Revenue Forecast, East Asia, 2015–2025~ 10. Total Switchgear Market: Percent Revenue Forecast by Country, East Asia, 2015–2025~ 11. Total Switchgear Market: Percent Revenue Breakdown by End User, East Asia, 2018~ 12. Total Switchgear Market: Percent Revenue Forecast by Voltage Class, East Asia, 2015–2025~ 13. Total Switchgear Market: Percent Revenue Breakdown, East Asia, 2018~ 14. Total Switchgear Market: Revenue Forecast, SEA, 2015–2025~ 15. Total Switchgear Market: Percent Revenue Forecast by Country, SEA, 2015–2025~ 16. Total Switchgear Market: Construction Sector Investments, Singapore, 2017–2021~ 17. Total Switchgear Market: Construction Value Add to GDP Growth, SEA, 2017–2021~ 18. Total Switchgear Market: GDP, Thailand, 2018–2021~ 19. Total Switchgear Market: Completed and Commenced HV T&D Projects, Vietnam, 2018~ 20. Total Switchgear Market: Percent Revenue Breakdown by End User, SEA, 2018~ 21. Total Switchgear Market: Percent Revenue Forecast by Voltage Class, SEA, 2015–2025~ 22. Total Switchgear Market: Percent Revenue Breakdown, SEA, 2018~ 23. Total Switchgear Market: Revenue Forecast, ANZ, 2015–2025~ 24. Total Switchgear Market: Percent Revenue Forecast by Country, ANZ, 2015–2025~ 25. Total Switchgear Market: Solar/wind Capacity Enquiry and Available Capacity, Australia, 2018~ 26. Total Switchgear Market: Percent Revenue Breakdown, ANZ, 2018~ 27. Total Switchgear Market: Percent Revenue Forecast by Voltage Class, ANZ, 2015–2025~ 28. Total Switchgear Market: Percent Revenue Breakdown, ANZ, 2018~
Author Rajalingam Chinnasamy
Industries Energy
WIP Number PA08-01-00-00-00
Is Prebook No
GPS Codes 9AFF-A4,9B00-A4,9851,9852