Laos Switchgear Market (2018-2024): Market Forecast By Voltage, By Insulation, By Types, By Verticals, By Regions and Competitive Landscape

The power sector of Laos is one of the most important strategic verticals. The country exports more than 70% of the generated power to immediate neighbors such as Thailand and Vietnam. In order to continue being the 'Battery of South East Asia', the country plans to further strengthen the power infrastructure over the years to come. A target of increasing the power generation capacity to 14 GW by 2020 has been set by the government, which would see the construction of several new hydroelectric power plants in the country and act as a key driver in the growth of the switchgear market in Laos.

The Laos switchgear market 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 switchgear market in the country.

Low voltage switchgears dominate the overall switchgear market with the largest market revenue share 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 report comprehensively covers the Laos Switchgear Market by voltage, insulation, types, applications and regions. The report provides an unbiased and detailed analysis of the on-going 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
• 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
• Market Trends and Developments
• Players Market Share and Competitive Landscape
• Company Profiles

The report provides detailed analysis of the following market segments:

By Voltage

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

By Insulation

•  Medium Voltage
•  High Voltage

By Types

•  Low Voltage
•  Medium Voltage

By Verticals

•  Residential
•  Commercial
•  Industrial
•  Power Utilities
•  Others

By Regions

•  Northern
•  Central
•  Southern