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Frost & Sullivan: Asia-Pacific Switchgear Market Expected to Recover Post-2014

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Frost & Sullivan: Asia-Pacific SwitchgearFrost & Sullivan: Asia-Pacific Switchgear Market Expected to Recover Post-2014 PR Newswire KUALA LUMPUR, Malaysia, Feb. 11, 2014 -- Southeast Asia market remains upbeat while the East Asia and ANZ markets witness sluggish growth Heavy capital investments in power generation, transmission, and distribution (T&D) infrastructure to meet the increasing power demand across Southeast Asia are sustaining the Asia-Pacific switchgear market. While the market in Southeast Asia grew significantly in 2013, mature markets such as East Asia, Australia and New Zealand (ANZ) showed a decline for the second consecutive year. The overall market, however, is likely to show positive growth in the coming years. New analysis from Frost & Sullivan, Asia-Pacific Switchgear Market - 2013 Update, finds that the market earned revenues of US$5.97 billion in 2013 and estimates this to reach US$6.77 billion in 2018. The research covers low voltage, medium voltage, and high voltage switchgears. "Rapid development of industrial and commercial infrastructure across several industries will boost the sale volumes of switchgears in Southeast Asia," said Frost & Sullivan Energy & Environmental Research Analyst Harsh Thacker. "In East Asia and ANZ, industry development programs and the need to replace aging power networks will be the predominant market drivers.

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Published 11 February 2014
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Language English
Frost & Sullivan: Asia-Pacific Switchgear Market Expected to Recover Post-2014

PR Newswire

-- Southeast Asia market remains upbeat while the East Asia and ANZ markets witness sluggish growth

Heavy capital investments in power generation, transmission, and distribution (T&D) infrastructure to meet the increasing power demand across Southeast Asia are sustaining the Asia-Pacific switchgear market. While the market in Southeast Asia grew significantly in 2013, mature markets such as East Asia, Australia and New Zealand (ANZ) showed a decline for the second consecutive year. The overall market, however, is likely to show positive growth in the coming years.