Laos Switchgear Market (2024-2030) | Growth, Share, Size, Trends, Value, Companies, Revenue, Industry, Analysis, Outlook & Forecast

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: ETC000470 Publication Date: Dec 2023 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Laos Switchgear Market Competition 2023


Topics Covered in the Laos Switchgear Market Report

The Laos 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.

Laos Switchgear Market Synopsis

The switchgear market plays a crucial role in ensuring the safe and efficient flow of electricity across power systems. In Laos, this market has gained significant traction in recent years, with the country experiencing a boom in infrastructure development and urbanization. This growth presents numerous challenges for the switchgear market, including the need for more reliable and resilient power systems, innovations in maintenance and operations, and the integration of new technologies. Additionally, one of the significant trends in the Laos switchgear market is the adoption of smart switchgear systems. These new technologies are designed to improve the efficiency and reliability of power systems while reducing operating costs. Among these innovative products are gas-insulated switchgear (GIS) and hybrid switchgear systems. Grid automation and digitization are also emerging trends in the Laos switchgear market, as utilities seek to integrate renewable energy sources and microgrids into the power system. However, despite its significant growth potential, the Laos switchgear industry faces several challenges. One of the biggest challenges is the lack of skilled manpower and the absence of local manufacturing capabilities. Most of the switchgear equipment used in Laos are imported from other countries, which makes the market heavily dependent on foreign suppliers. Issues such as high transport costs and currency fluctuations can also impact the market's competitiveness. Moreover, the lack of investment in research and development activities hinders the market's ability to innovate and keep up with global trends.

According to 6Wresearch, Laos switchgear market size is projected to grow at a CAGR of 10.8% during 2024-2030. The market has significant potential, driven by its growing energy consumption, the increasing demand for switchgear equipment, and the adoption of new technologies. Additionally, Laos has been experiencing rapid industrialization in recent years, driven mainly by its rich natural resources, notably its vast hydropower potential. As a result, there has been an increasing demand for reliable electricity supply in the country. Switchgear has played a significant role in achieving this objective, making it one of the fastest-growing markets in the region. In addition, Laos has a strategic location with easy access to neighboring markets, making it an ideal location for industrialization and investment. Further, Laos has an abundant endowment of hydropower potential, with more than 1000 rivers and streams scattered throughout the country. This has opened up opportunities in the renewable energy sector, with hydropower contributing to more than 70% of the total installed capacity. The use of renewable energy has been on the rise, and this trend has accelerated as Laos aims to become the battery of Southeast Asia. The demand for switchgear has, therefore, increased significantly, owing to its essential role in the renewable energy sector.

Government Initiatives Introduced in the Laos Switchgear Market

The Lao government has a strategic focus on increasing the electrification of rural areas, improving the quality, and reliability of the power supply. This is reflected in their national electrification strategy, which aims to increase access to electricity from the current 90% to 100% by 2025. The government has also initiated several policies and incentives to attract private investment for power infrastructure development. Similarly, these activities have supported the Laos Switchgear Market share. Moreover, these policies have boosted investor confidence, leading to increased investments in the Laos switchgear market.

Key Players in the Laos Switchgear Market

Several players are actively manufacturing and distributing switchgears in Laos, including ABB, Schneider Electric, Siemens, Eaton, Mitsubishi Electric, and Hyundai Electric. These companies offer a broad range of products, from air-insulated switchgears (AIS) to gas-insulated switchgears (GIS) and hybrid switchgears. The leading businesses occupy extensive Laos Switchgear Market revenues. Each player has its unique strengths and focus areas, from eco-friendliness to safety and reliability. For example, Schneider Electric has developed a new range of switchgears called Premset, which features a compact and modular design that allows for easy installation and customization. Siemens, on the other hand, is emphasizing digitalization and connectivity, enabling users to monitor and control switchgear systems remotely.

Market by Voltage

According to Ravi Bhandari, Research Head, 6Wresearch, the switchgear market in Laos has witnessed a surge in demand for Low Voltage (LV), Medium Voltage (MV), and High Voltage (HV) switchgear, with each type catering to specific industrial and commercial requirements. Additionally, the Medium Voltage switchgear is used in power distribution systems, primarily in industrial and commercial applications. These switchgears operate at a voltage level that ranges from 1 KV to 36 KV. They are typically used in transformer substations, power stations, and power distribution centers. MV switchgear products include Vacuum Circuit Breakers (VCBs), Oil Circuit Breakers (OCBs), and Gas Circuit Breakers (GCBs). Factors driving the demand for MV switchgear products in Laos include expanding infrastructure for energy delivery and power transmission, rise in industrialization, and growth of the manufacturing sector.

Market by Application

The Commercial buildings require reliable electrical systems with high efficiency levels. They use switchgear to regulate different circuits used to supply power to lights, heating and cooling systems, and other appliances in the building. Switchgear helps to keep the voltage levels safe, preventing any electrical surges that may cause damage or endanger lives. In Laos, with the continued growth of the commercial building sector, the demand for switchgear is expected to grow exponentially. Additionally, the industrial applications use switchgear for animals and machinery as it provides better regulation of power supply. Also, it helps to keep the electrical circuits more standardized, thereby avoiding any malfunctions. Laos is making significant strides in this regard by primarily concentrating on the automobile industries that require large electrical power systems.

Key Attractiveness of the Report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Reports

  • Laos Switchgear Market Overview
  • Laos Switchgear Market Outlook
  • Laos Switchgear Market Forecast
  • Historical Data of Laos Switchgear Market Revenues & Volume for the Period 2020-2030
  • Laos Switchgear Market Size and Laos Switchgear Market Forecast of Revenues & Volume, Until 2030
  • Historical Data of Laos Switchgear Market Revenues & Volume, By Voltage, for the Period 2020-2030
  • Market Size & Forecast of Laos Switchgear Market Revenues & Volume, By Voltage, Until 2030
  • Historical Data of Laos Switchgear Market Revenues & Volume, By Insulation, for the Period 2020-2030
  • Market Size & Forecast of Laos Switchgear Market Revenues & Volume, By Insulation, Until 2030
  • Historical Data of Laos Switchgear Market Revenues & Volume, By Applications, for the Period 2020-2030
  • Market Size & Forecast of Laos Switchgear Market Revenues & Volume, By Applications, Until 2030
  • Market Drivers and Restraints
  • Laos Switchgear Market Price Trends
  • Laos Switchgear Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Laos Switchgear Market Share, By Players
  • Laos Switchgear Market Share, By Regions
  • Laos Switchgear Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

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
Laos Switchgear Market (2024-2030): FAQs
The market growth is driven by growing energy consumption, the increasing demand for switchgear equipment, and the adoption of new technologies.
The medium voltage switchgear is foreseeable to observer the greatest growth as the Medium Voltage switchgear is used in power distribution systems, primarily in industrial and commercial applications.
The industrial switchgear application is witnessing highest demand as it helps to keep the electrical circuits more standardized, thereby avoiding any malfunctions.
Several players are actively manufacturing and distributing switchgears in Laos, including ABB, Schneider Electric, Siemens, Eaton, Mitsubishi Electric, and Hyundai Electric.
Yes, we have covered a detailed impact of the Covid 19 pandemic in this study.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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. Laos Switchgear Market Overview
3.1 Laos Country Indicators
3.2 Laos Switchgear Market Revenues & Volume 2020-2030F
3.3 Laos Switchgear Market Revenue Share, By Voltage, 2020 & 2030F
3.4 Laos Switchgear Market Revenue Share, By Insulation, 2020 & 2030F
3.5 Laos Switchgear Market Revenue Share, By Application, 2020 & 2030F
3.6  Laos Switchgear Market - Industry Life Cycle
3.7  Laos Switchgear Market - Porter’s Five Forces
4. Laos Switchgear Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Laos Switchgear Market Trends
6. Laos Switchgear Market Overview, By Voltage
6.1 Laos Switchgear Market Revenues & Volume, By Low Voltage Switchgear 2020-2030F
6.2 Laos Switchgear Market Revenues & Volume, By Medium Voltage Switchgear 2020-2030F
6.3 Laos Switchgear Market Revenues & Volume, By High Voltage Switchgear 2020-2030F
7. Laos Switchgear Market Overview, By Insulation
7.1 Laos Switchgear Market Revenues, By Medium Voltage Switchgear, 2020-2030F
7.2 Laos Switchgear Market Revenues, By High Voltage Switchgear, 2020-2030F
7.3 Laos Switchgear Market Revenues, By Low Voltage Switchgear, 2020-2030F
8. Laos Switchgear Market Overview, By Application
8.1 Laos Switchgear Market Revenues & Volume, By Residential, 2020-2030F
8.2 Laos Switchgear Market Revenues & Volume, By Commercial, 2020-2030F
8.3 Laos Switchgear Market Revenues & Volume, By Industrial, 2020-2030F
8.4 Laos Switchgear Market Revenues & Volume, By Power Utilities, 2020-2030F
9.  Laos Switchgear Market - Key Performance Indicators
10. Laos Switchgear Market - Opportunity Assessment
10.1 Laos Switchgear Market Opportunity Assessment, By Voltage 2030F
10.2 Laos Switchgear Market Opportunity Assessment, By Insulation 2030F
10.3 Laos Switchgear Market Opportunity Assessment, By Application, 2030F
11. Laos Switchgear Market Competitive Landscape
11.1 Laos Switchgear Market Revenue Share, By Company, 2023
11.2 Laos Switchgear Market Competitive Benchmarking, By Operating & Technical Parameters
12. Company Profiles
13. Key Recommendations
14. Disclaimer

Laos Switchgear Market (2018-2024)

Cambodia Switchgear Market (2018-2024): 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

Thailand Switchgear Market (2018-2024): 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 (Northern, Central, North Eastern and Southern ) and Competitive Landscape

Myanmar Switchgear Market (2018-2024): 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 (AIS, GIS and Others) and High Voltage (AIS, GIS and Others)), By Types (Low Voltage (MCB, MCCB, C&R, ACB, COS and Others) and Medium Voltage (ISG, OSG and Others)), By Verticals (Residential, Commercial, Industrial, Power Utilities and Others), By Regions (Northern and Southern) and Competitive Landscape

Vietnam Switchgear Market (2018-2024): 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 (AIS, GIS and Others) and High Voltage (AIS, GIS and Others)), By Types (Low Voltage (MCB, MCCB, C&R, ACB, COS and Others) and Medium Voltage (ISG, OSG and Others)), By Verticals (Residential, Commercial, Industrial, Power Utilities and Others), By Regions (Central, Northern and Southern) and Competitive Landscape

GCC Medium Voltage Switchgear Market (2017-2023): Market Forecast by Insulation (AIS, GIS and Others), Applications (Oil & Gas, Industrial, Infrastructure & Transportation, Commercial and Power Utilities) and Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain)

UAE Switchgear Market (2016-2022): Market Forecast by Types (Air Insulated, Gas Insulated, Hybrid and Others), Voltage (Low, Medium and High), Verticals (Residential, Commercial, Industrial, Power Utilities and Infrastructure & Transportation) and Regions (Dubai, Abu Dhabi and Northern UAE) and Competitive Landscape

Saudi Arabia Switchgear Market (2016-2022): Market Forecast by Types (Air Insulated, Gas Insulated, Hybrid and Others), Voltage (Low (<1 KV), Medium (3 KV-36 KV) and High (>36 KV)), Verticals (Residential, Commercial, Industrial, Power Utilities and Infrastructure & Transportation) and Regions (Central, Eastern, Western and Southern) and Competitive Landscape

India Switchgear Market (2017-2022): By Voltage (Low Voltage Switchgear (<1.1KV) (MCB, MCCB, C&R, ACB, DB, RCD, COS and Others), Medium Voltage Switchgear (3 KV - 36 KV) (Indoor Switchgear (ISG), Outdoor Switchgear (OSG), Ring Main Unit (RMU) and Compact Secondary Switchgear (CSS) and High Voltage Switchgear (> 36 KV)), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated and Others) and High Voltage Switchgear (Air Insulated, Gas Insulated, Hybrid and Others)), Verticals (Residential, Industrial, Commercial, Power Utilities and Infrastructure and Transportation), Regions (Northern, Southern, Eastern and Western) and Competitive Landscape

India Package Substation Market (2017-2023): Market Forecast by Types (11KV, 33KV, 66 KV and 132KV), Verticals (Residential, Industrial, Infrastructure & Transportation, Commercial and Power Utilities), Regions (Northern, Southern, Western and Eastern) and Competitive Landscape

Saudi Arabia Package Substation Market (2016-2022): Market Forecast by Types (Less than 36KV and 36KV to 150KV), Verticals (Industrial, Public Infrastructure, Residential, Power Utilities and Others), Regions (Central, Western, Eastern and Southern) and Competitive Landscape

Middle East Power & Distribution Transformer Market (2017-2023): Market Forecast By Type (Power Transformer and Distribution Transformer), By Power Rating (Distribution Transformer (Up to 315 KVA and 315.1 KVA - 5 MVA), Power Transformer (5.1 MVA - 50 MVA and Above 50 MVA)), By Cooling System (Dry Type and Liquid Type), By Applications (Power Utilities and Industrial), By Countries (Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, Oman, Turkey, Iran, Jordan, Lebanon and Others) and Competitive Landscape

India Power & Distribution Transformer Market (2017-2022): Market Forecast by Types (Power Transformer and Distribution Transformer), Power Rating (Power Transformer (5.1 MVA - 50 MVA, 50.1 MVA - 160 MVA, 160.1 MVA - 350 MVA and Above 350 MVA) and Distribution Transformer (Up to 100 kVA, 100.1 - 315 kVA and 315.1 - 5 MVA)), Cooling System (Dry Type and Liquid Type), Applications (Power Utilities and Industrial), Regions (Northern, Western, Southern, Eastern and North Eastern) and Competitive Landscape

 

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, Gas and Others)), By Types (Low Voltage (MCB, MCCB, ACB and Others) and Medium Voltage (Indoor (ISG) and Others including OSG, RMU and CSS )), By Verticals (Residential, Commercial, Industrial, Power Utilities and Others), By Regions (Northern, Central and Southern ) and Competitive Landscape

Product Code: ETC000470 Publication Date: Dec 2021 Product Type: Report
Publisher: 6Wresearch No. of Pages: 125 No. of Figures: 51 No. of Tables: 19

Development of the country's hydropower potential, electrification of rural areas, and strengthening of the transportation infrastructure are expected to be the main driving forces behind the growth of the Laos switchgear market during 2018-24. Plans such as the 8th Five-Year National Socio-Economic Development Plan (2016-2020) and the Ten-year Socio-Economic Development Strategy (2016-2025) are expected to spur the demand for switchgears in the country in the years to come.

According to 6Wresearch, the Laos switchgear market size is projected to grow with a CAGR of 7.2% during 2018-24. The economic growth in Laos is expected to pick up in 2018 on the back of expansion of sales and production of electricity, burgeoning services sector, and the construction of cross-border railway projects. Though, Laos's economy is gradually diversifying into retail services, construction, and tourism, the country's large untapped hydropower potential cannot be overlooked, and it is predicted that the resource sector would continue to play a major role in the economic growth of the country in the next decade. The strengthening of the power infrastructure in Laos would prove to be beneficial for the growth of Laos switchgear market forecast period revenues.

Laos switchgear market share is led by low voltage switchgears segment on account of their applicability across multiple domains. Gas insulated switchgears are expected to gain more market revenue share in the coming years due to the several advantages these offer over their air insulated counterparts.

The Laos switchgear market report comprehensively covers the market by voltage, insulation, types, applications and regions. The Laos switchgear market outlook report provides an unbiased and detailed analysis of the Laos switchgear market trends, opportunities/high growth areas, 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
• Laos Switchgear Market Size and Laos Switchgear Market Forecast
• Laos Switchgear Market Overview 
• Laos Switchgear Market Outlook
• Historical Data of Laos Switchgear Market Revenues for the Period 2014-2017
• Market Size & Forecast of Laos Switchgear Market Revenues Market until 2024
• Historical Data of Laos Low Voltage Switchgear Market Revenues for the Period 2014-2017
• Market Size & Forecast of Laos Low Voltage Switchgear Market Revenues until 2024
• Historical Data of Laos Medium Voltage Switchgear Market Revenues & Volume for the Period 2014-2017
• Market Size & Forecast of Laos Medium Voltage Switchgear Market Revenues & Volume until 2024
• Historical Data of Laos High Voltage Switchgear Market Revenues & Volume for the Period 2014-2017
• Market Size & Forecast of Laos High Voltage Switchgear Market Revenues & Volume until 2024
• Historical Data of Laos Switchgear Market Revenues for the Period 2014-2017, By Applications
• Market Size & Forecast of Laos Switchgear Market Revenues until 2024, By Applications
• Historical & Forecast Data of Laos Switchgear Regional Market Revenues for the Period 2014-2024
• Market Drivers and Restraints
• Laos Switchgear Market Trends and Developments
• Laos Switchgear Market Share, by Players and Laos Switchgear Market Overview on Competitive Benchmarking
• Company Profiles
• Strategic Recommendations

Markets Covered

The Laos Switchgear Market report provides a detailed analysis of the following market segments:

• By Voltage

    o Low Voltage (< 1.1 kV)
    o Medium Voltage (1.1 kV - 36 kV)
    o High Voltage (> 36 kV)

• By Insulation

    o Medium Voltage
              ■ Air Insulated 
              ■ Gas and Other Insulated
    o High Voltage
              ■ Air Insulated 
              ■ Gas and Other Insulated 
• By Types

    o Low Voltage
              ■ MCB
              ■ MCCB
              ■ ACB
              ■ Others
    o Medium Voltage
              ■ ISG
              ■ Others (OSG, RMU, CSS)

• By Verticals

    o Residential
    o Commercial
    o Industrial
    o Power Utilities
    o Others

• By Regions

    o Northern
    o Central 
    o Southern

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