DUBLIN--(BUSINESS WIRE)--The "Cambodia Switchgear Market (2018-2024): Market Forecast By Voltage, By Insulation, By Types, By Verticals (Residential, Commercial, Industrial, Power Utilities and Others), By Regions (Western, Southern and others) and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering
Cambodia switchgear market is projected to grow at a CAGR of 9.5% during 2018-2024
The interconnection and grid strengthening of regions which includes construction of more than 455 Km of 115 Kv transmission lines in 2018 and 220 MW coal fired power plant in 2019 is likely to fuel the demand for switchgears. The power utility segment captured the highest market revenue share in 2017 and is projected to maintain its dominance due to the development of large scale power generation projects such as Pursat I and Chay Areng hydro power project.
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.
Amongst all the regions, the Southern region captured the highest revenue share in 2017. However, the Western and other regions are anticipated to witness substantial growth in years to come due to government's rural electrification initiative which aims 100% electrification in rural areas by 2020.
The report provides detailed analysis of the following market segments:
- Low Voltage (< 1kV)
- Medium Voltage (1.1 kV - 36 kV)
- High Voltage (> 36 kV)
- Medium Voltage
- High Voltage
By Low Voltage Types:
- Low Voltage
- Medium Voltage
- Power Utilities
- Schneider Electric SE
- ABB Ltd.
- Siemens AG
- GE Cambodia
- LSIS Co. Ltd.
- TBEA Co.,Ltd.
- Enercon Engineering Inc.
- Lucy Electric
For more information about this report visit https://www.researchandmarkets.com/research/73k2t3/cambodia?w=4