openPR Logo
Press release

Thailand Switchgear Market (2018-2024)-6wresearch

Thailand Switchgear Market (2018-2024)-6wresearch

Thailand Switchgear Market (2018-2024)-6wresearch

Expanding Power Generation Capacity, Rising Infrastructure Development Along with Government Initiatives towards Industrial Growth Would Fuel Thailand Switchgear Market During the 2018-24 - 6Wresearch

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. 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.

According to 6Wresearch, Thailand Switchgear Market Revenues are projected to grow at a CAGR of 4.0% during 2018-24. Thailand's government aims to reduce the dependency over natural gas-based fuel source by constructing new power plants based on alternative energy sources. According to Alternative Energy Development Plan, around 25% of the overall energy would be generated from alternative energy sources such as solar, wind and biomass by 2021. All such factors would drive the switchgear market in coming years. Additionally, development initiatives such as Thailand 4.0 intends to increase country's focus towards the innovation and technological up-gradation in the industrial sector. These initiatives would also attract large-scale investments and would result in the growth of infrastructure, which would spur switchgear market over the years to come.

Download Sample Pages @ https://www.6wresearch.com/press-releases/thailand-switchgear-market-share-forecasts-size-growth-opportunity-shipments-cagr-4-percent-players-trends-news.html

According to Ravi Bhandari, Assistant Manager, 6Wresearch, "Amongst all the applications, power utilities application accounted for the major revenue share in Thailand switchgear market in 2017 on account of expanding investment in power generation sector in the country."

"Other key consumers consist of industrial and commercial applications, whose market is expected to surge on account of ambitious government initiatives such as Alternative Energy Development Plan, Waste-to-Energy Project and development of Eastern Economic Corridor," Ravi further added.

According to Priya Sharma, Research Associate, Research and Consulting, 6Wresearch, "By Voltage Type, Low Voltage Switchgear captured the highest revenue share in 2017 with ACB, MCCB, C&R and MCB contributing the major revenue share in low voltage type. Moreover, low voltage switchgear market is anticipated to lead during the forecast period due to expanding residential, commercial and industrial sectors in the country.

"In medium and high voltage switchgear market, Air Insulated Switchgear (AIS) accounted for the major market revenue and volume share in 2017 followed by Gas Insulated Switchgear (GIS)," Priya further added.

Some of the major companies in Thailand Switchgear Market include- ABB, Siemens and Schneider.

"Thailand Switchgear Market (2018-2024)" provides in-depth analysis with 59 figures and 17 tables covered in more than 145 pages. The report estimates and forecast the overall Thailand switchgear market by voltage, insulation, types, and applications such as residential, industrial, commercial, power utilities & others as well as regions. The report also offer insights on competitive landscape, company profiles, market drivers and restraints.

For Sample Pages & Detailed Report Description Visit : https://www.6wresearch.com/market-reports/thailand-switchgear-market-2018-2024-forecast-by-low-medium-high-voltage-air-gas-insulation-mcb-mccb-cr-acb-cos-verticals-regions-competitive-landscape.html

About 6Wresearch

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.

For Further details, please contact:
Email Us: sales@6wresearch.com
Call Now: +91-11-430-24-305

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.

1107-1108, PEARLS BEST HEIGHTS
TOWER 1, NETAJI SUBHASH PLACE
PITAMPURA

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 Thailand Switchgear Market (2018-2024)-6wresearch here

News-ID: 1387766 • Views: 167

More Releases from 6Wresearch- Market Intelligence Solutions

India Agriculture Equipment Market (2019-2025)
Market Forecast By Products (Tractors ( Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Harvesters (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Threshers (Up To 30 HP & 30.1 HP- 70 HP), Pumps (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP & Above
Commercial Application To Drive The Growth Of UPS Systems In Vietnam - 6Wresearc …
UPS systems are witnessing mounting adoption by different end-user applications ranging from residential households, small commercial offices to large industrial enterprises. Moreover, factors such as inflow of FDI in industrial and manufacturing segments, growing power demand and increasing infrastructure projects in Vietnam have further fueled the demand for UPS systems in the country. According to 6Wresearch, Vietnam UPS Systems Market Revenues are projected to grow at a CAGR of 4.7% during
India Building Automation and Control Market (2017-23)
Market Forecast by Types (HVAC (Thermostat Controller, Zone & Climate Control, Temperature Sensor and Others), Lighting & Control System (Relay System & Controllable Breaker, Sensors & Dimming Systems and Others), Safety & Security System (Video Surveillance Systems, Access Control Systems, Intrusion Detection Systems and Fire & Safety Equipment) and Others), Verticals (Government & Transportation, Retail, Commercial Offices, Residential, Healthcare & Hospitality and Others), Regions (Northern, Eastern, Western and Southern) and
India Dishwasher Market (2018-2024)
Market Forecast By Type (Free-Standing and Built-in), By Applications (Residential and Commercial), By Distribution Channels (Multi Branded Stores, Exclusive Stores and Others), By Regions (Northern, Eastern, Western and Southern) and Competitive Landscape. India dishwasher market is exhibiting a steady growth within the country. Currently, the market is categorized as a niche segment, however, with growing product awareness amongst consumers, the market is anticipated to gain acceleration over the coming years. Increasing

All 5 Releases


More Releases for Thailand

Training in Thailand
A train journey can be a special part of any Thai holiday for the scenery, history and the unique peaks of the kingdom. There are many route options and they roll into most parts of the country. Travelling by train in Thailand is also a great way to see the diverse countryside on your way to tourist areas. From Bangkok, you can ride for an hour or a little more to
Thailand: Country Intelligence Report
"Thailand: Country Intelligence Report", a new Country Intelligence Report by GlobalData, provides an executive-level overview of the telecommunications market in Thailand today, with detailed forecasts of key indicators up to 2022. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, mobile and pay-TV segments, as well as a review of key regulatory
SUPERNAP Thailand
Untuk Siaran Segara November 29, 2017
Agrochemicals Market in Thailand
ReportsWorldwide has announced the addition of a new report title Thailand: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Thailand: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Thailand MICE Tourism Market
The MICE industry is one of the key sectors that Thailand intends to develop in order to stimulate quality visitors both within the country and abroad. Thailand is one of the most important and popular MICE destination worldwide. Thailand is famous MICE destination due to its solid basic infrastructure, strategic location, developed transportation systems, international connectivity, a well-trained private sector, continual government support and sound regulations. Each year, it stages
Thailand Privilege Card
With the economy in thailand still suffering from the various troubles and the world recession,we are looking at ways to attract the public to businesses and the launch of the thaivisanews privilege card could just be the answer to get the public coming to your business. The concept of the privilege card is very simple,companys who wish to participate in the scheme will let the members know via the thaivisanews