Switchgear Market Reports -6Wresearch

Expansion in Power Transmission and Distribution Network, Growing Construction Industry Along with Rising Commercial Sector Would Fuel the Growth of Switchgear During 2018-24 - 6Wresearch Power transmission and distribution network in Cambodia is anticipated to witness significant growth on account of power sector development initiatives such as Power to the Poor Program, Rural Electrification Initiative and Solar Home System Program. Additionally, development of new commercial and residential projects and growing urbanization in the country are also contributing to increase in demand for power transmission and distribution equipment. These factors are driving the switchgear market in Cambodia. According to 6Wresearch , Cambodia Switchgear Market Revenues are projected to grow at a CAGR of 9.5% during 2018-24 . In Cambodia only 19 provinces out of 25 are connected with the electricity grid. Moreover, Cambodia government aims to connect all 25 provinces by grid until 2020. With suc...

Expanding Power Generation Capacity, Rising Infrastructure Development Along with Government Initiatives towards Industrial Growth Would Fuel Thailand Switchgear Market During the 2018-24 - 6Wresearch Government initiatives such as Power Development Plan and Alternative Energy Development Plan aims to increase Thailand's power generation and transmission capacity in order to cope up with growing energy demand. With development of Power transmission and distribution network, demand for switchgear would also surge over the next six years. Additionally, the Eastern Economic Corridor is also expected to promote the domestic manufacturing in automotive, electronics, petrochemical, agriculture and food verticals, resulting in the growth of electrical products such as switchgears over the coming years. According to 6Wresearch , Thailand Switchgear Market Revenues are projected to grow at a CAGR of 4.0% during 2018-24 . Thailand's government aims to reduce the dependency over natu...

Increasing Access to Electrification along with Strengthening Power Sector Would Drive the Myanmar Switchgear Market - 6Wresearch Construction of new housing units, development of several large-scale transportation infrastructure projects as well as strengthening of the power infrastructure in the country are some of the top objectives of the NLD government in Myanmar over the coming years. Initiatives such as the Myanmar National Electrification Plan have been adopted with an aim to achieve full electrification in the country by 2030. In addition, increasing foreign investment for the development of energy and utilities, residential and public infrastructure sectors of Myanmar would also contribute to the rise in sales of switchgears. These factors would fuel the growth of switchgear market in the country. According to 6Wresearch , the Myanmar Switchgear Market revenues are projected to grow at a CAGR of 8.4% during 2018-24 . In order to keep up with the growing population of Mya...

Burgeoning Power Sector and Rising Investment in Transportation Infrastructure would be the Key Drivers for the Growth of Vietnam Switchgear Market - 6Wresearch Government efforts to develop power related infrastructure to ensure 100% electrification rate in rural region of Vietnam under the National Power Development Plan VII (2011-2020) along with the strengthening of urban infrastructure including housing and transportation would increase the demand for the switchgears in the country. According to 6Wresearch , Vietnam Switchgear market revenues are projected to grow at a CAGR of 7.1% during 2018-24 . According to the Department for Economic Zones Management (DEZM), industrial parks and special economic zones in Vietnam attracted more than 850 domestic and foreign investment projects worth $12.4 billion in 2017. Stable economic growth and rising inflow of foreign direct investment in industrial sector would be some of the key factors on account of which the switchgear market of ...