openPR Logo
Press release

Laos Switchgear Market (2018-2024)-6Wresearch

Laos Switchgear Market (2018-2024)-6Wresearch

Laos Switchgear Market (2018-2024)-6Wresearch

Strengthening Power Utilities and Industrial Sector Would Drive the Laos Switchgear Market During the Forecast Period - 6Wresearch
The power sector of Laos is one of the most important strategic verticals. The country exports more than 70% of the generated power to immediate neighbors such as Thailand and Vietnam. In order to continue being the 'Battery of South East Asia', the country plans to further strengthen the power infrastructure over the years to come. A target of increasing the power generation capacity to 14 GW by 2020 has been set by the government, which would see the construction of several new hydroelectric power plants in the country and act as a key driver in the growth of the switchgear market in Laos.

According to 6Wresearch, the Laos Switchgear Market revenues are projected to grow at a CAGR of 7.2% during 2018-24. The long-term goal of the Laos Government is to graduate from the current 'Least Developed Country' (LDC) status that has been imposed on the country by the United Nations. As a result, several initiatives have been adopted including the Vision 2030 Plan, the Ten-year Socio-Economic Development Strategy (2016-2025) and the 8th Five-Year National Socio-Economic Development Plan (2016-2020) which would lead to development across all sectors.

Browse Press Release : http://www.6wresearch.com/press-releases/laos-switchgear-market-share-forecasts-size-growth-opportunity-shipments-cagr-players-trends-news.html

According to Ravi Bhandari, Assistant Manager, 6Wresearch, "The industrial and power utilities sectors in Laos are the primary revenue contributors in the country's switchgear market. With efforts being made to achieve around 100% electrification by 2030, these segments are expected to remain dominant over the years to come."

"Laos has tremendous hydroelectric potential and plans on setting up a number of new hydroelectric power plants, substations and potential renewable energy projects in future. This would help the market for switchgears to grow during the forecast period," Ravi further added.

According to Rachit Gulati, Research Associate, Research and Consulting, 6Wresearch, "Laos' small market size implies that a moderate infrastructural development would translate into a substantial push for the country's economic growth. Thus, the construction industry of Laos is predicted to be one of the most rapidly growing construction markets in South East Asia. The demand for switchgears is anticipated to benefit from growth in the construction industry of Laos."

"The low voltage switchgear segment is the majority revenue shareholder in the overall switchgear market in Laos. Further, government efforts to promote Laos as an attractive tourist destination with initiatives such as Visit Laos 2018, would lead to the development of the hospitality and other social infrastructure in the country, thereby promoting the growth of medium voltage switchgears,"Rachit further said.

Some of the major companies in the Laos switchgear market include - Schneider, ABB, Siemens and Mitsubishi Electric.

"Laos Switchgear Market (2018-2024)" provides an in-depth analysis with 51 figures and 19 tables, covered in more than 125 pages. The report estimates and forecast the overall Laos switchgear market by revenue, insulation, regions and applications such as residential, commercial, industrial, power utilities and others. The report also offer insights on the competitive landscape, company profiles, market drivers and restraints.

For Sample Pages & Detailed Report Description Visit : http://www.6wresearch.com/market-reports/laos-switchgear-market-2018-2024-forecast-by-voltage-low-medium-high-insulation-air-gas-mcb-mccb-acb-indoor-isg-osg-rmu-css-verticals-regions.html

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

Delhi/NCR Office
1107-1108, PEARLS BEST HEIGHTS
TOWER 1, NETAJI SUBHASH PLACE
PITAMPURA, New Delhi-110034
Phone: +911143024305

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Laos Switchgear Market (2018-2024)-6Wresearch here

News-ID: 1046629 • Views:

More Releases from 6Wresearch- Market Intelligence Solutions

Market Penetration of Smart Ceiling Lights Globally
Market Penetration of Smart Ceiling Lights Globally
The global market for ceiling lights has been growing rapidly as consumers demand is high for seek stylish and efficient lighting for homes and commercial settings. Though new technologies in smart lighting are gaining traction, ceiling lights remain favored for their utility, design versatility, and energy-conscious features. According to 6Wresearch, the Global Ceiling Lights Market is projected to grow at a compound annual growth rate (CAGR) of 4.60% between 2025 and
Role of Electric Vehicles in Shaping Parking Infrastructure & Advancements in Automated Parking Solutions
Role of Electric Vehicles in Shaping Parking Infrastructure & Advancements in Au …
The car parking market worldwide is growing steadily. This is due to the rising urbanization, increased numbers of vehicles, and the need for efficient space allocation in cities. With expanding urban centers and mounting traffic congestion, demand for smart and systematic parking solutions is rapidly rising. Additionally, governments and private companies have invested in contemporary parking facilities. Moreover, technological advancements are being done to make parking systems more accessible and
Consumer Behavior and Preferences in Purchasing Car Insurance
Consumer Behavior and Preferences in Purchasing Car Insurance
The global car insurance market growth has boosted massively, driven by the rising vehicle ownerships and strict government regulations. Additionally, the rising driver's awareness regarding car insurance is another major factor boosting the growth of the market. While rise of digital solutions and new technologies, traditional car insurance remains essential in the auto and financial industries, which offer vital protection and financial security to drivers worldwide. According to 6Wresearch, the Global
Regional Analysis of Car Accessories Demand and Innovative Technologies in Car Accessories
Regional Analysis of Car Accessories Demand and Innovative Technologies in Car A …
The global car accessories market is experiencing consistent growth, driven by increasing vehicle ownership, rising interest in vehicle customization, and growing awareness around safety and comfort. Consumers around the world are investing more in both aesthetic and functional accessories for their vehicles-ranging from seat covers and infotainment systems to advanced safety tools and exterior enhancements. According to 6Wresearch, the Global Car Accessories Market is projected to grow at a compound annual

All 5 Releases


More Releases for Laos

Multi-Billion Dollar Development Partnership Announced to Drive Economic and Env …
World Peace Development Co., Ltd. and Lao Development Construction and Investment Co., Ltd. announce a $200B partnership endorsed by the Lao Prime Minister to advance infrastructure, energy, and sustainability in Laos under the Peaceism Ecosystem. Vientiane, Laos - The Lao government has announced a landmark development agreement valued at over $200 billion with World Peace Development Co., Ltd. (WPD), in partnership with Lao Development Construction and Investment Co., Ltd. (LDCI). The
SeaPRwire Expands Its Media Reach with Local PR Solutions for Cambodia, Laos, an …
Hong Kong - SeaPRwire, a leading global provider of press release distribution services, has announced the launch of tailored public relations (PR) packages for businesses and media professionals in Cambodia, Laos, and Myanmar. This initiative is designed to enhance the effectiveness of local media outreach and allow brands to achieve impactful visibility in these Southeast Asian markets. Image: https://www.globalnewslines.com/uploads/2025/01/83e107a847712c34a7ea7ce7c67cf682.jpg The new offerings are part of SeaPRwire's continuous commitment to expanding its services
SeaPRwire Enhances Media Outreach in Laos, Empowering Brands in Southeast Asia
Hong Kong - SeaPRwire, a global leader in press release distribution and earned media communications management, has announced the expansion of its media network in Laos. With the inclusion of prominent outlets such as Lao Press Release [https://laopr.com/], Vientiane Net [https://vientianenet.com/], Laotian Business [https://laotianbiz.com/], Laos News Feed, Meet Lao, and Vientiane TV, the company is further strengthening its foothold in Southeast Asia. This development highlights SeaPRwire's commitment to empowering brands
05-18-2024 | Arts & Culture
ABNewswire
Introducing Zen Residence Laos: A Modern Sanctuary Of Comfort And Connectivity
The Zen Residence Laos is a residential apartment that gives residents an ideal haven of comfort and connectivity. It smoothly fuses life with the peaceful surroundings. Found within Vientiane, this sophisticated complex speaks to contemporary living, catering to its inhabitants'' diverse needs. Prime Location and Accessibility Given its presence in the sprightly capital city, this project boasts a prime location that comes with unparalleled convenience. Social amenities such as dining options, shopping
Laos Agriculture Market | Laos Agriculture Industry | Laos Agriculture Market Re …
Laos Agriculture, with a landmass of 23.68 million hectares, has a least of 5 million hectares of land appropriate for cultivation (about 21 percent). Seventeen percent of this land area (between 850,000 and 900,000 hectares) is really cultivated, but 4 percent of the total space. Rice accounted for concerning 80 percent of cultivated land over and done with the 1989-90 increasing season, together with 422,000 hectares of lowland wet rice
Apple Tree Group Picks Axel de Boynes to Head Laos Operations
LUANG PRABANG — Several of Luang Prabang’s most fascinating properties are concluding the second quarter of 2012 under fresh leadership now that the Apple Tree Group has named Axel de Boynes its new operations manager for Laos. With more than 15 years of experience in the hospitality industry in Europe, Southeast Asia and the Middle East, Boynes takes over managerial responsibilities for Villa Maly, Nava Mekong and Kamu Lodge. A graduate of