Thailand Switchgear Market 2018-2024: Market Forecast By Voltage, Insulation, Types and Medium Voltage, Verticals, Regions and Competitive Landscape - ResearchAndMarkets.com

DUBLIN--()--The "Thailand Switchgear Market (2018-2024): Market Forecast By Voltage, By Insulation, By Types and Medium Voltage, By Verticals, By Regions and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

Thailand Switchgear market is projected to grow at a CAGR of 4.0% during 2018-24.

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.

According to Thailand's 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.

Markets Covered:

By Voltage:

  • Low Voltage (< 1kV)
  • Medium Voltage (< 1kV)
  • High Voltage (> 36 kV)

By Insulation:

  • Medium Voltage:
  • Air Insulated
  • Gas Insulated
  • Others
  • High Voltage:
  • Air Insulated
  • Gas Insulated

By Voltage Types:

  • Low Voltage:
    • MCB
    • MCCB
    • COS
    • C&R
    • ACB
    • Others
  • Medium Voltage:
    • Indoor Switchgear (ISG)
    • Others (Outdoor, RMU, CSS)

By Verticals:

  • Residential
  • Industrial
  • Commercial
  • Power Utilities
  • Others

Companies Mentioned

  • ABB Ltd.
  • Eaton Electric (Thailand) Ltd
  • Fuji Electric Co., Ltd.
  • General Electric Company
  • Hyundai Electric & Energy Systems Co., Ltd.
  • LSIS Co. Ltd.
  • Mitsubishi Electric Corporation
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG

For more information about this report visit https://www.researchandmarkets.com/research/hjjqsx/thailand?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
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Related Topics: Electrical Switches

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Related Topics: Electrical Switches