Government initiatives such as Power Development Plan and Alternative Energy Development Plan aims to increase Thailands 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.
Thailand Switchgear market is projected to grow at a CAGR of 4.0% during 2018-24. According to Thailands Alternative Energy Development Plan (2012-2021), Government aims to generate around 6.83 GW from renewable power generation sources such as solar, wind and biomass by 2021. Further, government of Thailand also plans to reduce power generation dependency from gas based power plants to other power generation sources such as hydro, coal, solar, wind and biomass, which would also lead to the growth of the switchgear market in future. Low voltage switchgear segment acquired highest market revenue share in 2017 among all other types due to their high consumption in commercial and residential sectors.
Further, by application type, power utility captured the largest revenue share in 2017 followed by Industrial sector, due to high consumption of low, medium and high voltage switchgear in power utility segment. Additionally, government initiatives such as Thailand 4.0 and power development plan 2015-2036 would also fuel the market of switchgear during the forecast period.
The report comprehensively covers Thailand Switchgear Market by voltage, insulation, types, applications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
• Historical Data of Global Switchgear Market Revenues for the Period 2014-2017
• Market Size and Forecast of Global Switchgear Market Revenues until 2024
• Historical Data of Thailand Switchgear Market Revenues for the Period 2014-2017
• Market Size and Forecast of Thailand Switchgear Market Revenues until 2024
• Historical Data of Thailand Low Voltage Switchgear Market Revenues for the Period 2014-2017
• Market Size and Forecast of Thailand Low Voltage Switchgear Market Revenues until 2024
• Historical Data of Thailand Medium Voltage Switchgear Market Revenues & Volume for the Period 2014-2017
• Market Size and Forecast of Thailand Medium Voltage Switchgear Market Revenues & Volume until 2024
• Historical Data of Thailand High Voltage Switchgear Market Revenues & Volume for the Period 2014-2017
• Market Size and Forecast of Thailand High Voltage Switchgear Market Revenues & Volume until 2024
• Historical Data of Thailand Switchgear Market Revenues for the Period 2014-2017, By Applications
• Market Size and Forecast of Thailand Switchgear Market Revenues until 2024, By Applications
• Historical & Forecast Data of Thailand Switchgear Regional Market Revenues for the Period 2014-2024
• Market Drivers and Restraints
• Market Trends and Developments
• Players Market Share and Competitive Landscape
• Company Profiles
• Strategic Recommendations
Markets Covered
The report provides detailed analysis of the following market segments:
• By Voltage:
o Low Voltage (< 1kV)
o Medium Voltage (< 1kV)
o High Voltage (> 36 kV)
• By Insulation:
o Medium Voltage:
Air Insulated
Gas Insulated
Others
o High Voltage:
Air Insulated
Gas Insulated
• By Voltage Types:
o Low Voltage:
MCB
MCCB
COS
C&R
ACB
Others
o Medium Voltage:
Indoor Switchgear (ISG)
Others (Outdoor, RMU, CSS)
• By Verticals:
o Residential
o Industrial
o Commercial
o Power Utilities
o Others
• By Regions:
o Northern
o Central
o North Eastern
o Southern
For more inquiry contact our sales team at [email protected]
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