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Brisk Activity in the Asia Pacific Power Industry Energizes the Switchgears Market Finds Frost & Sullivan - Power sector investments, retrofit and renewable energy projects to support switchgear uptake - Energy.Frost.com
Brisk Activity in the Asia Pacific Power Industry Energizes the Switchgears Market Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Kuala Lumpur, Malaysia, 2012/07/31 - Power sector investments, retrofit and renewable energy projects to support switchgear uptake - Energy.Frost.com.

   
 
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The rapid economic growth of the Asia Pacific region has intensified the demand for electricity from its commercial, domestic and industrial sectors. In preparation for this hike in power demand, utilities in developing countries are initiating several large power projects, which shall extend from 2015 to 2018. Countries such as Malaysia and Australia, which already have power grid networks, are looking to replace their ageing power infrastructure.

New analysis from Frost & Sullivan (energy.frost.com), Asia-Pacific Switchgear Market: 2011 Update, finds that the market earned revenues of US$11.37 billion in 2011 and estimates this to reach US$13.47 billion in 2016.

"While the developing countries in the region have been focusing on power generation and transmission and distribution (T&D) investment, the developed nations are keen on altering their 'energy mix' by increasing the share of renewable energy," said Frost & Sullivan Research Analyst Avanthika Satheesh P. "All these investments directly influence the switchgear market and contribute to its growth."

Industrial development in developed countries, especially in the sectors of oil & gas, mining, steel, manufacture and construction, are expected to further boost the market.

Even though power utilities are fast tracking their power generation projects, the switchgear market will be bogged down by the delay in the execution of infrastructure projects due to the financial downturn 2009, natural calamities and political instability in the region.

The market is also feeling the heat of competition from low-cost imports from China. These Chinese products, while being lower-priced, also comply with technical specifications and local manufacturers are unable to match their price points due to the increasing prices of raw materials.

However, the market is expected to rebound once projects’ held-up capital is released and they are reinitiated. Reconstruction activities in the aftermath of natural calamities in East Asia and Southeast Asia will also help restore investor confidence in the switchgear market.

"Participants will do well to note that intelligent and energy-efficient switchgears are gaining popularity in the low voltage segment," noted Satheesh. "They will also stand to gain by equipping their portfolio with products that enable smart solutions for renewable energy integration into the grid."

If you are interested in more information on this research, please send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, title, telephone number, company email address, company Website, city, state and country.

Asia-Pacific Switchgear Market: 2011 Update is part of the Energy & Power Growth Partnership Services program, which also includes research in the following markets: Indian Low Voltage Switchgear Market, European Low Voltage Switchgear Market, North American Electrical Equipment Market for Power Transmission, Indian Medium Voltage Switchgear Market and European Medium and High Voltage Switchgear Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

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Asia-Pacific Switchgear Market: 2011 Update / P62F-14

Contact: Jessie Loh, Corporate Communications – Asia Pacific
P: +65 6890 0942 / F: +65 6890 0988 - E: jessie.loh[.]frost.com.

 
 
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Brisk Activity in the Asia Pacific Power Industry Energizes the Switchgears Market Finds Frost & Sullivan

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