Market Forecast By Voltage (Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated), High Voltage Switchgear (Air Insulated, Gas Insulated), Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS, Others)) By Applications (Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape
Product Code: ETC000468 | Publication Date: Dec 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Cambodia Switchgear market currently, in 2023, has witnessed an HHI of 6350, Which has increased moderately as compared to the HHI of 1567 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Cambodia Switchgear Market report thoroughly covers the market by voltage, by insulation, by applications and competitive Landscape. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Cambodia has witnessed significant industrial growth in recent times, and with it, the demand for reliable and efficient power supply has risen sharply. The switchgear industry plays a crucial role in ensuring the transmission and distribution of power in Cambodia. This growth has made the Cambodia switchgear market a promising avenue for businesses, investors, and other industry stakeholders. Additionally, the market has a huge opportunity, driven by the continuation of several infrastructure and industrial projects in Cambodia and the increasing investments in the power generation sector. The introduction of advanced technologies, such as IoT and cloud computing, has also been trending, leading to an increased demand for smart switchgear components. Further, the market has been witnessing a steady surge in demand due to the country's growing construction, real estate and industrial sectors. The demand for high-quality switches, circuit breakers, and other components with long and reliable lives has also been increasing. However, despite these significant growth prospects, the Cambodia switchgear industry faces several challenges, including a lack of skilled professionals and limited awareness about the benefits of smart switchgear technology.
According to 6Wresearch, Cambodia switchgear market size is projected to grow at a CAGR of 9.8% during 2025-2031. The expansion of power generation capacity, construction, and infrastructure development, implementation of industrial development policies, and technological advancements are all critical factors driving the growth of the industry. Additionally, the expanding power generation capacity of Cambodia is a critical factor responsible for the growth of the switchgear industry. The country has been investing heavily in renewable energy sources, and as a result, the power generation capacity has increased. The use of solar, wind, and hydropower are on the rise, leading to an increase in the number of substations and transmission and distribution lines. Switchgears are also being installed in rural areas to expand electricity access. Additionally, the rise in construction and infrastructure development has been boosting the demand for switchgears in Cambodia. The government has been focusing on developing the country's infrastructure, such as roads, bridges, airports, and seaports. The construction of commercial and residential buildings is also on the rise. These developments require reliable and safe power supply, which can only be achieved through the installation of switchgears.
The government has been playing a significant role in driving the growth of the Cambodia switchgear market. The government's initiatives such as the "Power to the Poor" program and the National Strategic Development Plan have been pivotal in creating a favourable environment for the industry. The government has also been promoting the use of renewable energy sources, which are more environmentally friendly. Likewise, these happenings have reinforced the Cambodia Switchgear Market share. Moreover, the favourable policies have attracted players from diverse regions to invest in the sector, further expediting its growth.
The Cambodia switchgear market has seen significant growth in recent years due to increased demand for reliable and efficient power distribution systems. The market is dominated by key global players such as Schneider Electric, ABB Group, Siemens AG, Alstom, and Toshiba. These companies offer a wide range of switchgear products that are known for their quality, safety, and reliability. The foremost companies inhabit widespread Cambodia Switchgear Market revenues. The future of the Cambodia switchgear market looks promising, and we can expect to see further growth and advancements in the coming years.
According to Ravi Bhandari, Research Head, 6Wresearch, the Low-voltage switchgear operates at voltages below 1kV (1000 volts), which are usually found in residential, commercial buildings, and industrial facilities. It is primarily used as the first line of defense for electrical safety, mainly from the risk of an overload or short-circuit. These can result in damages to the equipment and in some instances, even endanger life. Low voltage switchgear commonly includes circuit breakers, distribution boards, surge protectors, and protective relays. In Cambodia, LV switchgear has various applications, including power distribution, motor control, and protection for various devices. Moreover, the medium voltage switchgear operates at voltages between 1kV to 36kV or those typically used in a medium-scale industrial or commercial operation. The primary function of this type of switchgear is to safeguard and control the transmission of electricity in primary distribution systems. Some examples include air circuit breakers, vacuum circuit breakers, and load switches. High voltage switchgear can be used in mining, oil and gas, manufacturing, and other heavy-duty operations. Cambodian industries focused on steel or production of other significant commodities utilize this category of switchgear that is capable of handling high levels of power, thereby powering equipment that needs high amounts of electrical energy.
The Cambodia switchgear market is experiencing substantial growth due to increased consumption of electricity for residential, commercial, and industrial use, and the rising influence of renewable energy sources. Moreover, the commercial sector utilizes various electrical components, among which switchgear is a critical component. Commercial enterprises, buildings, shopping malls, and hospitality industries require efficient and reliable switchgear to ensure uninterrupted and safe power supply. Financial institutions and data centers are also major consumers of switchgear to ensure the security and protection of critical power equipment. The demand for switchgear is expected to rise with the increasing implementation of automation, digitization, and real-time monitoring systems in commercial buildings. Additionally, the industrial sector is the largest consumer of switchgear, given the high energy requirements for manufacturing, processing, and production. Industrial switchgear is engineered for high power and voltage ratings to meet the demands of large-scale industries. The industry's increasing demand for renewable energy, energy-efficient technologies, and smart manufacturing is driving the demand for advanced switchgear. The growth potential of the industrial switchgear market is high due to the increased adoption of Industrial IoT (IIoT), smart factories, and Industry 4.0 technologies.
s
The report offers a comprehensive study of the subsequent market segments:
Medium Voltage Switchgear
High Voltage Switchgear
Low Voltage Switchgear
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Cambodia Switchgear Market Overview |
3.1 Cambodia Country Indicators |
3.2 Cambodia Switchgear Market Revenues & Volume 2021-2031F |
3.3 Cambodia Switchgear Market Revenue Share, By Voltage, 2021 & 2031F |
3.4 Cambodia Switchgear Market Revenue Share, By Insulation, 2021 & 2031F |
3.5 Cambodia Switchgear Market Revenue Share, By Application, 2021 & 2031F |
3.6 Cambodia Switchgear Market - Industry Life Cycle |
3.7 Cambodia Switchgear Market - Porter’s Five Forces |
4. Cambodia Switchgear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Cambodia Switchgear Market Trends |
6. Cambodia Switchgear Market Overview, By Voltage |
6.1 Cambodia Switchgear Market Revenues & Volume, By Low Voltage Switchgear 2021-2031F |
6.2 Cambodia Switchgear Market Revenues & Volume, By Medium Voltage Switchgear 2021-2031F |
6.3 Cambodia Switchgear Market Revenues & Volume, By High Voltage Switchgear 2021-2031F |
7. Cambodia Switchgear Market Overview, By Insulation |
7.1 Cambodia Switchgear Market Revenues, By Medium Voltage Switchgear, 2021-2031F |
7.2 Cambodia Switchgear Market Revenues, By High Voltage Switchgear, 2021-2031F |
7.3 Cambodia Switchgear Market Revenues, By Low Voltage Switchgear, 2021-2031F |
8. Cambodia Switchgear Market Overview, By Application |
8.1 Cambodia Switchgear Market Revenues & Volume, By Residential, 2021-2031F |
8.2 Cambodia Switchgear Market Revenues & Volume, By Commercial, 2021-2031F |
8.3 Cambodia Switchgear Market Revenues & Volume, By Industrial, 2021-2031F |
8.4 Cambodia Switchgear Market Revenues & Volume, By Power Utilities, 2021-2031F |
9. Cambodia Switchgear Market - Key Performance Indicators |
10. Cambodia Switchgear Market - Opportunity Assessment |
10.1 Cambodia Switchgear Market Opportunity Assessment, By Voltage 2031F |
10.2 Cambodia Switchgear Market Opportunity Assessment, By Insulation 2031F |
10.3 Cambodia Switchgear Market Opportunity Assessment, By Application, 2031F |
11. Cambodia Switchgear Market Competitive Landscape |
11.1 Cambodia Switchgear Market Revenue Share, By Company, 2023 |
11.2 Cambodia Switchgear Market Competitive Benchmarking, By Operating & Technical Parameters |
12. Company Profiles |
13. Key Recommendations |
14. Disclaimer |
Market Forecast By Voltage (Low Voltage (< 1.1 kV), Medium Voltage (1.1 kV - 36 kV) and High Voltage (> 36 kV)), By Insulation (Medium Voltage (Air, Gas, and Others) and High Voltage (Air and Gas)), By Types (Low Voltage (MCB, MCCB, C&R, ACB, COS, and Others) and Medium Voltage (Indoor (ISG) and Others including Outdoor, RMU, and CSS)), By Verticals (Residential, Commercial, Industrial, Power Utilities and Others), By Regions (Western, Southern and others) and Competitive Landscape
Product Code: ETC000468 | Publication Date: Apr 2018 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 120 | No. of Figures: 51 | No. of Tables: 16 |
Expansion of power transmission and distribution network coupled with rise of commercial and residential sector would be the key drivers for the growth of the Cambodia switchgear market over the coming years. Currently, Cambodia Switchgear market is dominated by Air insulated switchgear in medium and high voltage category on account of advantages such as economical prices over gas insulated switchgears. Low voltage switchgears have acquired highest share in overall Cambodia switchgear market share by revenues owing to increasing need for these in offices, residential buildings and retail sectors.
According to 6Wresearch, Cambodia switchgear market size is projected to grow at a CAGR of 9.5% during 2018-24. 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 would drive Cambodia switchgear market forecast period revenues. 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.
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 Cambodia switchgear market report comprehensively covers the voltage, insulation, types, applications, and regions. The Cambodia switchgear market outlook report provides an unbiased and detailed analysis of the on-going Cambodia switchgear market 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.
Key Highlights of the Report:
• Historical Data of Global Switchgear Market Revenues for the Period 2014-2017
• Market Size & Forecast of Global Switchgear Market Revenues until 2024
• Cambodia Switchgear Market Size and Cambodia Switchgear Market Forecast
• Cambodia Switchgear Market Overview
• Cambodia Switchgear Market Outlook
• Historical Data of Cambodia Switchgear Market Revenues for the Period 2014-2017
• Market Size & Forecast of Cambodia Switchgear Market Revenues Market until 2024
• Historical Data of Cambodia Low Voltage Switchgear Market Revenues for the Period 2014-2017
• Market Size & Forecast of Cambodia Low Voltage Switchgear Market Revenues until 2024
• Historical Data of Cambodia Medium Voltage Switchgear Market Revenues & Volume for the Period 2014-2017
• Market Size & Forecast of Cambodia Medium Voltage Switchgear Market Revenues & Volume until 2024
• Historical Data of Cambodia High Voltage Switchgear Market Revenues & Volume for the Period 2014-2017
• Market Size & Forecast of Cambodia High Voltage Switchgear Market Revenues & Volume until 2024
• Historical Data of Cambodia Switchgear Market Revenues for the Period 2014-2017, By Applications
• Market Size & Forecast of Cambodia Switchgear Market Revenues until 2024, By Applications
• Historical & Forecast Data of Cambodia Switchgear Regional Market Revenues for the Period 2014-2024
• Market Drivers and Restraints
• Cambodia Switchgear Market Trends and Developments
• Cambodia Switchgear Market Share, By Players and Cambodia Switchgear Market Overview on
Competitive Landscape
• Company Profiles
• Strategic Recommendations
Markets Covered
The Cambodia switchgear market report provides a detailed analysis of the following market segments:
• By Voltage:
o Low Voltage (< 1kV)
o Medium Voltage (< 1kV)
o High Voltage (> 36 kV)
• By Insulation:
o Medium Voltage:
■ Air Insulated
■ Gas Insulated
■ Others
o High Voltage:
■ Air Insulated
■ Gas Insulated
• By Low Voltage Types:
o Low Voltage:
■ MCB
■ MCCB
■ COS
■ C&R
■ ACB
■ Others
o Medium Voltage:
■ Indoor Switchgear (ISG)
■ Others (Outdoor, RMU, CSS)
• By Verticals:
o Residential
o Industrial
o Commercial
o Power Utilities
o Others
• By Regions:
o Western
o Southern
o Others