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Asia Pacific Industrial Power Distribution Equipment Markets
Frost & Sullivan, July 2010, Pages: 114
This research service focuses primarily on the growing industrial power distribution equipment markets in Asia Pacific. The industrial power distribution equipment markets in the Asia Pacific is in growth stage of the life cycle. The structure of the power distribution equipment for industry sector is quite stable and the market demand is expected to hit the rising trend. The factors that fuel the growth of industrial power distribution market are development in mining, petrochemical, and transportation.
Research Overview
This Frost & Sullivan research service titled Asia Pacific Industrial Power Distribution Equipment Markets provides a comprehensive study of the total power distribution equipment market in Southeast Asia, East Asia, and Australasia. The research service includes key market dynamics, trends, competitive analysis, end-user trends, and revenue forecasts that impact the markets. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: switchgears, transformers, and power capacitors.
Market Overview
Asia Pacific Industrial Power Distribution Equipment Markets Make up for Lost Time as the Economy Recovers
Developments in manufacturing sectors such as process and discrete manufacturing in heavy industries such as metal mills, cement, mining, petrochemical, and other manufacturing sites had kept the industrial power distribution equipment market buoyant from 2006 to 2009. Among its numerous application sectors, mining is expected to show a relatively high resistance to the global economic decline, stimulating the sales of industrial power distribution equipment. The introduction of new metro infrastructure in emerging economies also presents substantial revenue-generating opportunities to the market. The increasing demand for petrochemicals, recovery of manufacturing sector, and development in transportation infrastructure have restored the market's fortunes after the economic downturn caused setbacks in expansion and production. Further, the market is compensating for the delays in awarding major projects over the last couple of years by clearing pending projects and planning new ones for the next two to five years, creating a significant market for power equipment during the same period.
As a testament to the scale of opportunities and low entry barriers in the market, more than 1,000 companies including manufacturers, panel builders, and system integrators operated in it in 2009. While the European companies were active in the Southeast Asian and the Australasian regions, the Japanese companies were active mostly in East Asia. The non-Southeast Asian companies usually entered into technical collaboration or joint ventures with local manufacturers. 'The low- and medium-voltage power distribution equipment market is considered highly competitive and is populated by a large number of local and multinational companies,' says the analyst of this research. 'The local participants in Southeast Asia pose a major threat to the multinationals with their low-priced and reasonable-quality products.' The majors have a different set of products for the price-conscious and premium markets that demand superior functionality and value-added services. While price is the prime purchase factor in Southeast Asia, in East Asia and Australasia, it is reliability and the experience of manufacturers.
Manufacturers have also been strategizing to deal with the unstable demand conditions in the Asia Pacific by creating a larger inventory. However, this strategy may backfire and result in higher risks when prices are altered with fluctuations in raw material costs. Moreover, the reluctance of buyers in Southeast Asia to invest in high-quality products due to their low product requirements compels manufacturers to absorb the additional costs and shrink their profit margins. 'Manufacturers are required to streamline the process and lower the cost of production to improve profit margins,' notes the analyst. 'They could also adopt versatile pricing strategies to gain a competitive edge in the market.'
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Product Type
- Switchgears
- Transformers
- Power capacitors
By End Users
- Mining
- Petrochemical (chemical, oil and gas) manufacturing
- Others (military, transportation, marine, and so on)
By Geographic Region
- Australia
- New Zealand
- Japan
- South Korea
- Taiwan
- Vietnam
- Indonesia
- Thailand
- Malaysia
- The Philippines
- Singapore
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