Thailand Switchgear Market (2025-2031) | Outlook, Forecast, Revenue, Companies, Trends, Growth, Share, Industry, Value, Size & Analysis

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: ETC000467	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

Thailand Switchgear Market Competition 2023

Thailand Switchgear market currently, in 2023, has witnessed an HHI of 1894, Which has decreased slightly as compared to the HHI of 2319 in 2017. The market is moving towards moderately competitive. 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.

Thailand Export Potential Assessment For Switchgear Market (Values in USD Thousand)

Topics Covered in the Thailand Switchgear Market Report

The Thailand 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.

Thailand Switchgear Market Synopsis

Switchgear is an essential component of a power system used to control, protect, and isolate electrical equipment. There are several trends that define the Thailand Switchgear Market. Firstly, the push for renewable energy sources, which is part of Thailand's energy policy to increase the share of renewables in the country's energy generation mix. This trend has led to the growth of alternative energy sources like hydro, wind, and solar power. Secondly, technological advances in switchgear manufacturing have led to the development of new products like gas-insulated switchgear, which improves transmission efficiency while reducing system size. Lastly, adoption of smart grid technology, which involves the integration of advanced control and data analytics systems, has led to a need for reliable and efficient switchgear solutions. However, the Thailand switchgear industry faces several challenges, one of the significant challenges in the Thai market is the presence of counterfeit products. Despite efforts by government agencies to regulate the industry, counterfeit products continue to flood the market, which affects the quality and safety of electrical equipment. Secondly, lack of favorable import policies for raw materials used in manufacturing Switchgear is a challenge that hinders growth for manufacturers. Lastly, limited technological capability and low adoption rate of advanced components limit the industry's full potential.

According to 6Wresearch, Thailand switchgear market size is projected to grow at a CAGR of 9.8% during 2025-2031. Some of the factors contributing to this growth include an increase in energy demand, government initiatives for renewable energy projects, and a growing need for efficient power transmission. Additionally, Thailand's power system is undergoing significant infrastructure development to meet the growing demand for power. As a result, there has been an increase in the construction of substations and transmission lines. Switchgear plays a critical role in the transmission and distribution of electricity to homes and industries. As infrastructure development in the country continues, there is expected to be a growing demand for switchgear products. Further, Thailand's economy has been rapidly industrializing and urbanizing, leading to an increase in the demand for electricity. With the expansion of industries, the demand for reliable and uninterrupted power supply has become critical. As businesses rely heavily on electricity for their operations, disruptions can result in significant costs and disruptions. Switchgear products offer effective protection against electrical faults, minimizing downtime in industries and ensuring efficient operations.

Government Initiatives Introduced in the Thailand Switchgear Market

The Thai government has been implementing measures to promote the development of the country's power sector. There have been increased initiatives in renewable energy and energy efficiency to meet the country's power needs. The government has also established regulations and policies to ensure safety and facilitate the development of the switchgear industry. Similarly, these actions have strengthened the Thailand Switchgear Market Share. Further, companies that invest in the switchgear market can benefit from the supportive regulatory environment and leverage the growth opportunities.

Key Players in the Thailand Switchgear Market

The switchgear market in Thailand has a handful of key players dominating the industry. These companies are renowned for their innovative product portfolios, responsive manufacturing processes, and high-quality customer service. Schneider Electric, ABB, Siemens, Mitsubishi Electric, and Federal Electric are leading the industry in Thailand with an extensive range of switchgear products and solutions. The leading firms reside extensive Thailand Switchgear Market Revenues. These companies not only meet customers' requirements but also provide energy-efficient solutions to make the world a better place.

Market by Voltage

According to Ravi Bhandari, Research Head, 6Wresearch, the Medium Voltage Switchgear ranges from 1kV to 35 kV and is used in power substations, power plants, and large industrial buildings. The high demand for renewable energy sources, in particular, solar power, has significantly increased the demand for medium voltage switchgear in Thailand. Additionally, the high Voltage Switchgear ranges above 35 kV and is used in power generation plants, advanced industrial complexes, and electrical railways. These switchgear products are engineered to meet a higher level of design and installation requirements due to the higher voltage and current capacity. The growth of heavy industry has driven the demand for high voltage switchgear.

Market by Application

The market has witnessed a growing demand for switchgear products that cater to residential, commercial, industrial, and power utility applications. The Thailand switchgear market for commercial applications is booming due to the country's industrialization and the boom of the hospitality and tourism industries. Companies need switchgear products that can handle more extensive power consumption such as lighting, parking, elevators, and other electrical systems. The switchgear products sold for commercial use come in various voltage ratings, with most devices using solid-state technology. But there are still some units that use electromechanical switching devices that are reliable and have a long functional life compared to solid-state technology. Additionally, the industrial switchgear products differ from residential and commercial products in terms of their higher voltage ratings. In Thailand, industrial switchgear products come in low voltage and medium voltage levels where operational safety and reliability are critical. The industrial sector's switchgear units must be robust and designed to withstand significantly high electrical loads. These subsystems also come with advanced features such as remote monitoring and automated tripping to prevent damage and system overload.

Key Attractiveness of the Report

10 Years of Market Numbers.
Historical Data Starting from 2021 to 2024.
Base Year: 2024
Forecast Data until 2031.
Key Performance Indicators Impacting the market.
Major Upcoming Developments and Projects.

Key Highlights of the Report:

Thailand Switchgear Market Overview
Thailand Switchgear Market Outlook
Thailand Switchgear Market Forecast
Historical Data of Thailand Switchgear Market Revenues & Volume for the Period 2021-2031
Thailand Switchgear Market Size and Thailand Switchgear Market Forecast of Revenues & Volume, Until 2031
Historical Data of Thailand Switchgear Market Revenues & Volume, By Voltage, for the Period 2021-2031
Market Size & Forecast of Thailand Switchgear Market Revenues & Volume, By Voltage, Until 2031
Historical Data of Thailand Switchgear Market Revenues & Volume, By Insulation, for the Period 2021-2031
Market Size & Forecast of Thailand Switchgear Market Revenues & Volume, By Insulation, Until 2031
Historical Data of Thailand Switchgear Market Revenues & Volume, By Applications, for the Period 2021-2031
Market Size & Forecast of Thailand Switchgear Market Revenues & Volume, By Applications, Until 2031
Market Drivers and Restraints
Thailand Switchgear Market Price Trends
Thailand Switchgear Market Trends and Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Thailand Switchgear Market Share, By Players
Thailand Switchgear Market Share, By Regions
Thailand 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

Thailand Switchgear Market (2025-2031): FAQs

Why is the market projected to experience growth?

Which voltage type is likely to experience the maximum growth?

Which application holds the highest market share?

Who are the key companies in this market?

Do you cover the impact of Covid 19 in the market study?

How does 6W market outlook report help businesses in making decisions?

Do you also provide customisation in the market study?

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. Thailand Switchgear Market Overview

3.1 Thailand Country Indicators

3.2 Thailand Switchgear Market Revenues & Volume 2021-2031F

3.3 Thailand Switchgear Market Revenue Share, By Voltage, 2021 & 2031F

3.4 Thailand Switchgear Market Revenue Share, By Insulation, 2021 & 2031F

3.5 Thailand Switchgear Market Revenue Share, By Application, 2021 & 2031F

3.6 Thailand Switchgear Market - Industry Life Cycle

3.7 Thailand Switchgear Market - Porter’s Five Forces

4. Thailand Switchgear Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5. Thailand Switchgear Market Trends

6. Thailand Switchgear Market Overview, By Voltage

6.1 Thailand Switchgear Market Revenues & Volume, By Low Voltage Switchgear 2021-2031F

6.2 Thailand Switchgear Market Revenues & Volume, By Medium Voltage Switchgear 2021-2031F

6.3 Thailand Switchgear Market Revenues & Volume, By High Voltage Switchgear 2021-2031F

7. Thailand Switchgear Market Overview, By Insulation

7.1 Thailand Switchgear Market Revenues, By Medium Voltage Switchgear, 2021-2031F

7.2 Thailand Switchgear Market Revenues, By High Voltage Switchgear, 2021-2031F

7.3 Thailand Switchgear Market Revenues, By Low Voltage Switchgear, 2021-2031F

8. Thailand Switchgear Market Overview, By Application

8.1 Thailand Switchgear Market Revenues & Volume, By Residential, 2021-2031F

8.2 Thailand Switchgear Market Revenues & Volume, By Commercial, 2021-2031F

8.3 Thailand Switchgear Market Revenues & Volume, By Industrial, 2021-2031F

8.4 Thailand Switchgear Market Revenues & Volume, By Power Utilities, 2021-2031F

9. Thailand Switchgear Market - Key Performance Indicators

10. Thailand Switchgear Market - Opportunity Assessment

10.1 Thailand Switchgear Market Opportunity Assessment, By Voltage 2031F

10.2 Thailand Switchgear Market Opportunity Assessment, By Insulation 2031F

10.3 Thailand Switchgear Market Opportunity Assessment, By Application, 2031F

11. Thailand Switchgear Market Competitive Landscape

11.1 Thailand Switchgear Market Revenue Share, By Company, 2023

11.2 Thailand Switchgear Market Competitive Benchmarking, By Operating & Technical Parameters

12. Company Profiles

13. Key Recommendations

14. Disclaimer

Cambodia Switchgear Market

Myanmar Switchgear Market

Vietnam Switchgear Market

GCC Medium Voltage Switchgear Market

UAE Switchgear Market

Saudi Arabia Switchgear Market

India Switchgear Market

India Package Substation Market

Saudi Arabia Package Substation Market

Middle East Power & Distribution Transformer Market

India Power & Distribution Transformer Market

2022 May 18 : Report

Market Forecast By Voltage (Low Voltage (By Type (MCB, MCCB, ACB & Others), By Application (Residential, Commercial, Industrial, Power Utilities & Others)), Medium Voltage (By Application (Residential, Commercial, Industrial, Power Utilities & Others), By Insulation Type (Air Insulated Switchgear & Other Insulated Switchgear)), High Voltage Switchgear (By Application (Residential, Commercial, Industrial, Power Utilities & Others)), By Insulation Type (Air Insulated Switchgear, Other Insulated Switchgear)), By Applications (Residential, Commercial, Industrial, Power Utilities & Others) And Competitive Landscape.

Product Code: ETC000467	Publication Date: May 2022	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Thailand Switchgear Market - Export Market Opportunities

Thailand Switchgear Market is projected to grow over the coming year. Thailand Switchgear Market report is a part of our periodical regional publication Asia Pacific Switchgear Market outlook report. 6W tracks Switchgear market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Switchgear Market outlook report annually.

Thailand Switchgear Market report comprehensively covers the market by Voltage, Types, application and Insulation. The market report provides an unbiased and detailed analysis of the ongoing 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.

Thailand Switchgear Market Synopsis

Thailand Switchgear market is likely to gain momentum during the upcoming years on account of surging population. The increasing penetration towards smart monitoring and controlling is one of the key factors driving the Thailand Switchgear Market Growth. Additionally, the increasing disposable income coupled with rising urbanization, modernization and industrialization is proliferating the growth of the market. Growing demand for reliable and stable T&D network along with increasing penetration towards efficient power infrastructure beholds the growth of the market.

According to 6Wresearch, Thailand Switchgear Market size is projected to register growth during 2022-2028. Rising penetration towards the alleviation of blackouts owing to the lack of infrastructure is proliferating the development of the market. Lack of investment and ageing infrastructure in the country is adding to the Thailand Switchgear Market Share. Rising consumer inclination upgradation of the old infrastructure is propelling the demand for switchgear. However, the outburst of coronavirus pandemic hampered the growth of the market owing to nationwide lockdown and restrictions on movement of goods. The health emergency led to disruption in supply chain of switchgear which further declined the development of the market.

Market Analysis by Voltage

On the basis of Voltage, the low voltage segment is expected to grow substantially during the forthcoming years owing to deployment in distribution networks.

Key Attractiveness of the Report

COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2018 to 2021.
Base Year: 2021.
Forecast Data until 2028.
Key Performance Indicators Impacting the Market.

Key Highlights of Switchgear Report

Thailand Switchgear Market Overview
Thailand Switchgear Market Outlook
Thailand Switchgear Market Forecast
Historical Data and Forecast of Thailand Switchgear Market Revenues, By Voltage and By Applications for the Period 2018-2028F
Historical Data and Forecast of Thailand Low Voltage Switchgear Market Revenues, By Types for the Period 2018-2028F
Historical Data and Forecast of Thailand Low Voltage Switchgear Market Revenues, By Applications for the Period 2018-2028F
Historical Data and Forecast of Thailand Medium Voltage Switchgear Market Revenues, By Insulation Types for the Period 2018-2028F
Historical Data and Forecast of Thailand Medium Voltage Switchgear Market Revenues, By Applications for the Period 2018-2028F
Historical Data and Forecast of Thailand High Voltage Switchgear Market Revenues, By Types for the Period 2018-2028F
Historical Data and Forecast of Thailand High Voltage Switchgear Market Revenues, By Applications for the Period 2018-2028F
Market Drivers and Restraints
Thailand Switchgear Market Trends
Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Market Player’s Revenue Shares
Market Competitive Benchmarking
Thailand Switchgear Market Share, By Company
Company Profiles
Key Strategic Recommendations

Market Scope and Segmentation

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

By Voltage

Low Voltage (0-1.1 kV)
Medium Voltage (1.1-36 kV)
High Voltage (>36 kV)

By Low Voltage

Types

MCB
MCCB
ACB
Others (Distribution Boards, Contactors, Relays, Starters, Fuses, COS, MPCB)

Applications

Residential
Commercial
Power Utilities
Industrial
Others (Transportation, Oil and Gas)

By Medium Voltage

Insulation Types

Applications

Residential
Commercial
Power Utilities
Industrial
Others (Transportation, Oil and Gas)

By High Voltage

Insulation Types

AIS
Others (GIS, Oil Insulated)

Applications

Residential
Commercial
Power Utilities
Industrial
Others (Transportation, Oil and Gas)

2021 Dec 08 : Report

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

Product Code: ETC000467	Publication Date: Dec 2021	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 145	No. of Figures: 59	No. of Tables: 17

Rising infrastructure development, expansion of power transmission and distribution network along with ambitious transportation projects would fuel the growth of Thailand switchgear market during the forecast period. Additionally, large-scale infrastructure and power sector development plans such as the transport infrastructure development master plan 2015-2022 as well as the Thailand Power Development Plan 2015-2036 are expected to further increase the demand for switchgears in Thailand over the coming years.

According to 6Wresearch, Thailand switchgear market size is projected to grow at a CAGR of 4.0% during 2018-24. According to Thailand's Alternative Energy Development Plan (2012-2021), Government aims to generate around 6.83 GW from renewable power generation sources such as solar, wind, and biomass by 2021. Further, the government of Thailand also plans to reduce power generation dependency from gas based power plants to other power generation sources such as hydro, coal, solar, wind, and biomass, which would also lead to the growth of the switchgear market in the future. Low voltage switchgear segment acquired the highest market revenue share in 2017 among all other types due to their high consumption in commercial and residential sectors.

Further, by application type, power utility captured the largest revenue share in Thailand switchgear market share in 2017 followed by the Industrial sector, due to high consumption of low, medium, and high voltage switchgear in the power utility segment. Additionally, government initiatives such as Thailand 4.0 and power development plan 2015-2036 would also fuel the market of switchgear during the forecast period.

The Thailand switchgear market report comprehensively covers Thailand Switchgear Market by voltage, insulation, types, applications and regions. The Thailand switchgear market outlook report provides an unbiased and detailed analysis of the Thailand 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:

• Thailand Switchgear Market Overview
• Thailand Switchgear Market Outlook
• Thailand Switchgear Market Forecast
• Historical Data of Global Switchgear Market Revenues for the Period 2014-2017
• Market Size and Forecast of Global Switchgear Market Revenues until 2024
• Historical Data of Thailand Switchgear Market Revenues for the Period 2014-2017
• Thailand Switchgear Market Size and Thailand Switchgear Market Forecast of Revenues, until 2024
• Historical Data of Thailand Low Voltage Switchgear Market Revenues for the Period 2014-2017
• Market Size and Forecast of Thailand Low Voltage Switchgear Market Revenues until 2024
• Historical Data of Thailand Medium Voltage Switchgear Market Revenues & Volume for the Period 2014-2017
• Market Size and Forecast of Thailand Medium Voltage Switchgear Market Revenues & Volume until 2024
• Historical Data of Thailand High Voltage Switchgear Market Revenues & Volume for the Period 2014-2017
• Market Size and Forecast of Thailand High Voltage Switchgear Market Revenues & Volume until 2024
• Historical Data of Thailand Switchgear Market Revenues for the Period 2014-2017, By Applications
• Market Size and Forecast of Thailand Switchgear Market Revenues until 2024, By Applications
• Historical & Forecast Data of Thailand Switchgear Regional Market Revenues for the Period 2014-2024
• Market Drivers and Restraints
• Thailand Switchgear Market Trends and Developments
• Thailand Switchgear Market Share, by Players
• Thailand Switchgear Market Overview on Competitive Landscape
• Company Profiles
• Strategic Recommendations

Markets Covered

The Thailand 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 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 Northern
    o Central
    o North Eastern
    o Southern