|
|
 |
|
Viewing report
|
|
|
|
Asia Pacific Low Voltage Switchgear Market
Frost & Sullivan, Sep 2009, Pages: 143
Commercial and Residential Construction Activity Buoys Asia Pacific Low Voltage Switchgear Market
The low voltage switchgear market in Asia Pacific is presently in the growth stage in the industry lifecycle, driven by strong demand from commercial and residential building development in Southeast Asia. Besides demand from office buildings, hospitals, hotels, shopping malls, condominiums, transport building, and car parks, the increasing electricity consumption and improved business climate in the economies of Southeast Asia are helping the low voltage switchgear market along. The commercial buildings segment in the region experienced a 30 percent growth in 2008 compared with 2007 figures. 'Growth for large residential projects is strongest in Vietnam with a slew of multi-tower apartment projects slated for sites in and around Ho Chi Minh City,' notes the analyst of this research service. 'Growth also remains strong in Hong Kong and Taiwan, where mega projects covering several hundred thousand square meters of residential floor area are coming on stream.' These developments open up huge opportunities for the electrical industry and indicate that its fortunes strongly depend on the ongoing power sector reforms and capacity building programs. Also, governments across the Asia Pacific are unleashing stimulus packages aimed at encouraging spending and investment.
However, the recession has led to credit constraints for electricity distribution companies and will deter the market in the short term. Most companies facing budgetary concerns are likely to curtail capital spending for the installation or up gradation of power systems. The repercussions of the economic crisis were felt in the chemical and semiconductor industries in 2008, especially in Japan, South Korea, Taiwan, Singapore and Malaysia, where manufacturing is the backbone of the economy. Petrochemical producers in Japan, Singapore, Taiwan, Thailand, and South Korea have reduced operating rates, closed facilities, and performed maintenance shutdowns earlier than scheduled because of the sharp reduction in demand. 'The fourth quarter of 2008 saw a drastic drop, with roughly 25.0 percent shutting down capacity in the Asia Pacific region,' says the analyst. 'As many switchgear suppliers are holding inventory that was acquired while prices were high, they are unable to reduce the earlier price quotes based on the current price of products and hence find it difficult to capture or retain orders.'
Nonetheless, manufacturers across the globe are attracted to the Asia Pacific, especially in Southeast Asia to achieve better economies of scale in production. The Asia Pacific low voltage switchgear market is highly competitive with numerous local and multinational companies. Local companies have the advantage of selling the products at a lower price and reasonable quality. Multinational companies are left to deal with the pricing race, which is challenging their margins and profit. As price remains a key concern for customers in purchasing decisions, the challenge for well-known participants is to walk the tightrope between low price requirements and maintaining product quality. This pushes manufacturers to produce products with varied specifications. Offering products with value added services that include highly integrated technologies in terms of multifunction and synchronization at an affordable price is of vital importance, determining success or failure in the low voltage switchgear market. In addition, manufacturers must ratchet down production costs, seek new customers, and partner with local companies.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Geographic Region:
- East Asia: Japan, South Korea, Hong Kong, and Taiwan
- Southeast Asia: Indonesia, Malaysia, Singapore, Thailand, the Philippines, and Vietnam
- Australasia: Australia and New Zealand
By End-user Vertical:
- Utilities
- Industrial
- Commercial
- Residential
By Product Type:
- Air circuit breakers
- Miniature circuit breakers
- Molded case circuit breakers
- Residual current devices (or earth leakage circuit breakers)
- Contactors
- Relays
By Assembly Type:
- Main switchboard (including low voltage switchgears)
- Motor control center
- Panel board
- Load center
This Frost & Sullivan research service titled Asia Pacific Low Voltage Switchgear Market provides key market dynamics, competitive analysis, and application demand by construction type that impact the market. The study also covers end-user trends, and offers revenue forecasts for air circuit breakers, miniature circuit breakers, molded case circuit breakers, residual current devices (or earth leakage circuit breakers), contactors, and relays.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
India Electrical Equipment Sector: Analysis & Future Forecast
Electrical Accessories Market Report - UK 2011-2015 Analysis
Lighting Controls - Global Strategic Business Report
Global Low-E Glass Market: Asia Offers Potential Opportunities
World AC Voltage Regulator Markets
South African Pre-engineered Buildings Market
Green Buildings - A Strategic Analysis of the Asia Pacific Market
Construction Industry - Global Outlook
Glass Wool/Fiberglass Insulation - A Global Market Overview
Strategic Analysis of the Paint and Coatings Market
|
|
|
|
