Digitalization and Decarbonization Powering Southeast Asia’s Medium Voltage Switchgear Industry

Digitalization and Decarbonization Powering Southeast Asia’s Medium Voltage Switchgear Industry

Future Growth Potential from Digital and Environmentally Friendly Value Propositions Driving Growth Opportunities

RELEASE DATE
19-Mar-2021
REGION
Asia Pacific
Research Code: PBA5-01-00-00-00
SKU: EG02139-AP-MT_25314
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Description

Southeast Asia’s medium voltage switchgear market includes Singapore, Malaysia, Vietnam, the Philippines, Thailand, and Indonesia and covers voltages ranging from 1 kilovolt (kV) to 38 kV. Its growth is expected to continue at a steady 5.1% compound annual growth rate from 2020 to 2026, driven by rising power demand and grid connectivity across the region. Increasing industrialization following companies’ diversification of supply chain networks also propels the market. The Southeast Asia switchgear market is projected to generate $4.14 billion in the next 6 years. In 2020, the COVID-19 pandemic resulted in a significant revenue decline, estimated at negative 18.4%.

This study analyzes Southeast Asia’s medium voltage switchgear market and Mega Trends likely to impact the grid business. It presents tangible growth opportunities expected to disrupt the market, including eco-friendly gas for switchgear, strategic acquisitions and partnerships, digitalization, and innovative business models. With 2020 as the base year, the research service also offers market forecasts up to 2026 and competitive analysis.

Author: Rajalingam Arikaarampalayam Chinnasamy

RESEARCH: INFOGRAPHIC

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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Medium Voltage Switchgear Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Medium Voltage Switchgear Market Scope of Analysis

Key Competitors for the Medium Voltage Switchgear Market

Distribution Channels for the Medium Voltage Switchgear Market

Growth Drivers for the Medium Voltage Switchgear Market

Growth Restraints for the Medium Voltage Switchgear Market

Key Growth Metrics for the Medium Voltage Switchgear Market

Revenue Forecast, Medium Voltage Switchgear Market

Revenue Forecast Analysis, Medium Voltage Switchgear Market

Competitive Environment, Medium Voltage Switchgear Market

Market Share, Medium Voltage Switchgear Market

Market Share Analysis, Medium Voltage Switchgear Market

Growth Opportunity 1—IoT to Enable T&D* Equipment Integration Along the Grid to Strengthen Resiliency

Growth Opportunity 1—IoT to Enable T&D Equipment Integration Along the Grid to Strengthen Resiliency (continued)

Growth Opportunity 2—Eco-friendly Switchgears to Gain More Acceptance among End-user Segments

Growth Opportunity 2—Eco-friendly Switchgears to Gain More Acceptance among End-user Segments (continued)

Growth Opportunity 3—Mergers and Acquisitions between Strategic Competitors to Leverage Market Synergies

Growth Opportunity 3—Mergers and Acquisitions between Strategic Competitors to Leverage Market Synergies (continued)

Growth Opportunity 4—As-a-Service Business Models to Enable Superior Customer Experience

Growth Opportunity 4—As-a-Service Business Models to Enable Superior Customer Experience (continued)

Growth Opportunity 5—Digital Marketing for Transformed Selling Process

Growth Opportunity 5—Digital Marketing for Transformed Selling Process (continued)

List of Exhibits

Legal Disclaimer

Southeast Asia’s medium voltage switchgear market includes Singapore, Malaysia, Vietnam, the Philippines, Thailand, and Indonesia and covers voltages ranging from 1 kilovolt (kV) to 38 kV. Its growth is expected to continue at a steady 5.1% compound annual growth rate from 2020 to 2026, driven by rising power demand and grid connectivity across the region. Increasing industrialization following companies’ diversification of supply chain networks also propels the market. The Southeast Asia switchgear market is projected to generate $4.14 billion in the next 6 years. In 2020, the COVID-19 pandemic resulted in a significant revenue decline, estimated at negative 18.4%. This study analyzes Southeast Asia’s medium voltage switchgear market and Mega Trends likely to impact the grid business. It presents tangible growth opportunities expected to disrupt the market, including eco-friendly gas for switchgear, strategic acquisitions and partnerships, digitalization, and innovative business models. With 2020 as the base year, the research service also offers market forecasts up to 2026 and competitive analysis. Author: Rajalingam Arikaarampalayam Chinnasamy
More Information
Author Rajalingam Chinnasamy
GPS Codes 98,519,852
Industries Energy
No Index No
Is Prebook No
Podcast No
WIP Number PBA5-01-00-00-00