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), By Types(Low Voltage, Medium Voltage), By Applications(Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape
Product Code: ETC001663 | Publication Date: Mar 2020 | Updated Date: Sep 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Kazakhstan Switchgear Market registered a growth of 20.55% in value shipments in 2022 as compared to 2021 and a decrease of -0.77% CAGR in 2022 over a period of 2017. In Switchgear Market Kazakhstan is becoming more competitive as the HHI index in 2022 was 1651 while in 2017 it was 1695. 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 less numbers of players or countries exporting in the market.
Kazakhstan has reportedly relied more on imports to meet its growing demand in Switchgear Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Switchgear Market in 2022 was 8.48 while in 2017 it was 76.02. China, Russia, Germany, Turkey and USA were among the top players of the market in 2022, where China acquired the largest market share of 27.01% with a shipment value of 6.1 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 Russia had the largest market share of 25.6% with the shipment value of 5.02 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As Russia price is lower than the average price, it provided a significant edge among other competitor in 2017.
Growing government investment for the development of the oil & gas sector coupled with the recovering construction industry in the country would fuel the demand for the switchgear market in Kazakhstan. Moreover, growing foreign direct investment for the development of power projects in the country would further fuel the demand for switchgear in the country. For instance, in 2020, China's Risen Energy Co Ltd has hooked to the grid a 50-MW solar photovoltaic (PV) park in Kazakhstan. The project was funded for $50.4 billion by the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF), which would lead to the growth in the switchgear market over the coming years.
According to 6Wresearch, Kazakhstan Switchgear Market size is anticipated to register growth during 2020-26. Growing investment in the country for the strengthening of the electrical system would boost the demand for switchgear market over the forecast period. Based on voltage, low voltage switchgear is expected to capture the majority of the market revenues over the coming years, owing to increasing urbanization and rising demand for switchgear from the industrial sector
Based on the application, the industrial application accounted for the highest share in terms of market revenues owing to efforts by the Kazakh government to further develop the oil sector and diversify the industrial sector. This would lead to an increase in demand for switchgear market for in the industrial domain. Infrastructure and commercial verticals are also expected to experience healthy growth during the forecast period.
The Kazakhstan Switchgear market report thoroughly covers the market by types, voltage, insulation, applications, and regions. The Kazakhstan Switchgear market outlook provides an unbiased and detailed analysis of the on-going Kazakhstan Switchgear 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.
Key Highlights of the Report:
Markets Covered
The Kazakhstan Switchgear Market report provides a detailed analysis of the following market segments:
6Wresearch tracks and manages databases of global switchgear market. 6wresearch have been supporting various stakeholders in desigining their entry and growth strategies with the help of robust research and forecasting tools. We have been identifying and tracking various KPIs across major geographies enabling growth projections. With in-house research and data analytics capabilties, 6wresearch delivers actionable insights for companies to make Go/No-Go decisions.
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 Kazakhstan Switchgear Market Overview |
3.1 Kazakhstan Switchgear Market Revenues & Volume, 2016-2026F |
3.2 Kazakhstan Switchgear Market Revenue Share, By Voltage, 2019 & 2026F |
3.3 Kazakhstan Switchgear Market Revenue Share, By Applications, 2019 & 2026F |
3.4 Kazakhstan Switchgear Market Revenue Share, By Regions, 2019 & 2026F |
3.5 Kazakhstan Switchgear Market Industry Life Cycle |
3.6 Kazakhstan Switchgear Market- Porter’s Five Forces, 2019 |
4 Kazakhstan Switchgear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Kazakhstan Switchgear Market Trends |
6 Kazakhstan Low Voltage Switchgear Market Overview |
6.1 Kazakhstan Low Switchgear Market Revenues & Volume, 2016-2026F |
6.2 Kazakhstan Low Switchgear Market Revenues & Volume, By Types |
6.2.1 Kazakhstan Low Voltage Switchgear Market Revenues & Volume, By MCB, 2016-2026F |
6.2.2 Kazakhstan Low Voltage Switchgear Market Revenues & Volume, By MCCB, 2016-2026F |
6.2.3 Kazakhstan Low Voltage Switchgear Market Revenues & Volume, By C&R, 2016-2026F |
6.2.4 Kazakhstan Low Voltage Switchgear Market Revenues & Volume, By ACB, 2016-2026F |
6.2.5 Kazakhstan Low Voltage Switchgear Market Revenues & Volume, By COS, 2016-2026F |
6.2.6 Kazakhstan Low Voltage Switchgear Market Revenues & Volume, By Others, 2016-2026F |
7 Kazakhstan Medium Voltage Switchgear Market Overview |
7.1 Kazakhstan Medium Switchgear Market Revenues & Volume, 2016-2026F |
7.2 Kazakhstan Medium Switchgear Market Revenues & Volume, By Types |
7.2.1 Kazakhstan Medium Voltage Switchgear Market Revenues & Volume, By Indoor Switchgear (ISG), 2016-2026F |
7.2.2 Kazakhstan Medium Voltage Switchgear Market Revenues & Volume, By Outdoor Switchgear(OSG), 2016-2026F |
7.2.3 Kazakhstan Medium Voltage Switchgear Market Revenues & Volume, By Others, 2016-2026F |
7.3 Kazakhstan Medium Switchgear Market Revenues & Volume, By Insulation |
7.3.1 Kazakhstan Medium Voltage Switchgear Market Revenues & Volume, By Air Insulated, 2016-2026F |
7.3.2 Kazakhstan Medium Voltage Switchgear Market Revenues & Volume, By Gas Insulated, 2016-2026F |
7.3.3 Kazakhstan Medium Voltage Switchgear Market Revenues & Volume, By Others, 2016-2026F |
8 Kazakhstan High Voltage Switchgear Market Overview |
8.1 Kazakhstan High Switchgear Market Revenues & Volume, 2016-2026F |
8.2 Kazakhstan High Switchgear Market Revenues & Volume, By Insulation |
8.2.1 Kazakhstan High Voltage Switchgear Market Revenues & Volume, By Air Insulated, 2016-2026F |
8.2.2 Kazakhstan High Voltage Switchgear Market Revenues & Volume, By Gas Insulated, 2016-2026F |
8.2.3 Kazakhstan High Voltage Switchgear Market Revenues & Volume, By Others, 2016-2026F |
9 Kazakhstan Switchgear Market Overview, By Applications |
9.1 Kazakhstan Switchgear Market Revenues & Volume, By Residential, 2016-2026F |
9.2 Kazakhstan Switchgear Market Revenues & Volume, By Commercial, 2016-2026F |
9.3 Kazakhstan Switchgear Market Revenues & Volume, By Industrial, 2016-2026F |
9.4 Kazakhstan Switchgear Market Revenues & Volume, By Power Utilities, 2016-2026F |
9.5 Kazakhstan Switchgear Market Revenues & Volume, By Others, 2016-2026F |
10 Kazakhstan Switchgear Market Overview, By Regions |
11 Kazakhstan Switchgear Market Key Performance Indicators |
12 Kazakhstan Switchgear Market Opportunity Assessment |
12.1 Kazakhstan Switchgear Market Opportunity Assessment, By Voltage, 2026F |
12.2 Kazakhstan Switchgear Market Opportunity Assessment, By Applications, 2026F |
13 Kazakhstan Switchgear Market Competitive Landscape |
13.1 Kazakhstan Switchgear Market Revenue Share, By Companies, 2019 |
13.2 Kazakhstan Switchgear Market Competitive Benchmarking, By Operating Parameters |
14 Company Profiles |
15 Strategic Recommendations |
16 Disclaimer |