Southeast Asia Switchgear Market (2019-2025): Market Forecast By Voltage (Low Voltage Switchgear (<1.1 kV), Medium Voltage Switchgear (1.1 kV – 36 kV) and High Voltage Switchgear (>36 kV), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated and Others including Hybrid and Oil), High Voltage Switchgear (Air Insulated, Gas Insulated and Others including Hybrid and Oil)), By Types (Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS and Others including Distribution Boards, RCB and ELCB), Medium Voltage Switchgear (Indoor Switchgear (ISG), Outdoor Switchgear (OSG) and Others including RMU and CSS)), By Applications (Residential, Commercial, Industrial, Power Utilities and Others including Transportation Infrastructure etc), By Countries (Indonesia, Vietnam, Thailand, Malaysia, Singapore, Myanmar, Cambodia, Laos and Rest of SEA including Philippines, Brunei and Timor-Leste) and Competitive Landscape

The continuous and rapid growth in electricity demand along with emphasis being put on improving the electrification rate is expected to increase the demand for switchgears across the Southeast Asian region. Further, various government focus on capitalizing the potential of renewable sources for electricity generation, including setting up of new solar and wind power plants would lead to development of new power generation, transmission and distribution infrastructure across the region. These factors would increase the demand for switchgears in the Southeast Asian region.
According to 6Wresearch, Southeast Asia switchgear market is projected to grow at a CAGR of 6.3% during 2019-25. The power utilities and industrial application segments emerged as the major revenue shareholders across most of the Southeast Asian countries, by application, in the overall switchgear market in 2018. Additionally, growing FDI in the commercial and social infrastructure sectors in several Southeast Asia countries would also increase the demand for switchgears across applications such as offices, retail, educational buildings and healthcare during the forecast period.
The low voltage switchgear segment acquired the highest market share in 2018, among all other voltage types due to their high consumption in the commercial and residential sectors. Further, gas insulated switchgears are expected to gain higher market share in the medium and high voltage categories, by insulation, over the coming years.
Among the Southeast Asian countries, Indonesia and Thailand are expected to hold the highest market revenue share in the overall switchgear market during the forecast period owing to major infrastructure development projects such as the EmSphere Mall, One Bangkok etc. Some of the key players in the Southeast Asia switchgear market are Schneider, Siemens, ABB and Mitsubishi.
The report comprehensively covers the market by voltage, types, insulation, applications and countries. The report provides an unbiased and detailed analysis of the Southeast Asia switchgear market trends, opportunities, high growth areas and market drivers which would help the stakeholders to device