Myanmar Switchgear Market (2024-2030) | Size, Share, Trends, Growth, industry, Outlook, Revenue, Value, Forecast, Outlook & Segmentation

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: ETC000617 Publication Date: Dec 2023 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Myanmar Switchgear Market Competition 2023


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


Topics Covered in the Myanmar Switchgear Market Report

The Myanmar 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.

Myanmar Switchgear Market Synopsis

Myanmar's switchgear market is experiencing a booming growth due to increased demand from infrastructure and power generation projects. Myanmar is planning to increase its power generation capacity from the current 4,000 MW to 25,000 MW by 2030, making the switchgear market an attractive prospect for investors and manufacturers. Aditionally, one of the major trends in the Myanmar switchgear market is the use of eco-friendly and energy-efficient switchgear components. The government of Myanmar is focusing on renewable energy power plants, such as wind and solar, which require high-efficiency switchgear components. Moreover, Myanmar is implementing smart grid systems that use the latest technologies, such as remote monitoring and control, which require advanced switchgear components. The switchgear market is also witnessing a trend towards the development of compact and modular systems that are easy to install and maintain. However, one of the biggest challenges that the Myanmar switchgear market is facing is the lack of skilled professionals. There is currently a shortage of qualified engineers and technicians who can design, install, and maintain switchgear systems. Additionally, the Myanmar switchgear industry is highly fragmented, with many small and medium-sized players operating in the market, making it difficult for manufacturers to scale up and expand their market share. Lastly, there are some economic and political uncertainties in the country that can have an impact on the switchgear market.

According to 6Wresearch, Myanmar switchgear market size is projected to grow at a CAGR of 10.8% during 2024-2030. The switchgear market in Myanmar is primarily driven by the growth in construction and infrastructure activities, such as the construction of new facilities, housing projects, commercial complexes, and industries. Additionally, one of the key factors driving the growth of the switchgear market in Myanmar is the increasing demand for electricity. With the growing population and the rise in urbanization and industrialization, the demand for electricity has been rising steadily. As a result, the government of Myanmar has been investing in expanding the power generation and distribution network, which is expected to create opportunities for the switchgear market. Further, another growth driver for the switchgear market is the development of infrastructure in Myanmar. The government has been investing heavily in infrastructure projects such as roads, bridges, and airports, which require reliable and efficient power distribution systems. This, in turn, is expected to drive the demand for switchgear products in the country.

Government Initiatives Introduced in the Myanmar Switchgear Market

The government of Myanmar has been taking a proactive role in supporting the growth of the country's electrical industry. The government has rolled out several initiatives to facilitate the growth of the switchgear market. One of the initiatives is the implementation of the National Electrification Plan, which aims to achieve universal access to electricity by 2030. The plan involves the installation of grid-connected and off-grid renewable energy systems, increasing the demand for switchgear equipment. Likewise, these actions have strengthened the Myanmar Switchgear Market share. Additionally, another government initiative that supports the growth of the switchgear market is the liberalization of the power sector. Myanmar's Electricity Law was amended to allow foreign investors to participate in the country's power industry. The amendment aims to attract foreign direct investment (FDI) into the electrical industry and, in turn, helps in the growth of the switchgear market. The government is also investing in the expansion of power generation capacities and enhancing transmission and distribution infrastructure, creating a favorable environment for the switchgear market's growth.

Key Players in the Myanmar Switchgear Market

The switchgear market in Myanmar is highly competitive, with both domestic and international players operating in the industry. The leading players in the market include Schneider Electric, Siemens AG, Eaton Corporation, ABB Ltd., and General Electric. The foremost firms inhabit considerable Myanmar Switchgear Market revenues. These companies are investing heavily in research and development to improve their technology and meet the evolving needs of the market.

Market by Voltage

According to Ravi Bhandari, Research Head, 6Wresearch, the LV switchgear is designed for electrical systems with a voltage rating of 1kV or less. This type of switchgear is commonly used in small to medium-sized buildings and facilities. Some examples of LV switchgear include circuit breakers, disconnect switches, and fuses. LV switchgear is essential in ensuring overload protection and provides a secure means of disconnection in case of an emergency. Further, the MV switchgear is designed for electrical systems with a voltage rating between 1kV and 33kV. This type of switchgear is commonly used in large industrial facilities, power plants, and commercial buildings. Some examples of MV switchgear include air-insulated switchgear (AIS), gas-insulated switchgear (GIS), and vacuum circuit breakers (VCBs). MV switchgear is vital for safely regulating and controlling electrical power in large facilities and industries.

Market by Application

The Switchgear is widely used in commercial applications to secure reliable and uninterrupted power supply for businesses. Commercial switchgear is typically designed to handle higher loads and includes circuit breakers, power factor correction equipment, and transformers. Commercial switchgear not only ensures the smooth functioning of power systems but also improves energy efficiency and reduces the risk of costly downtime due to electrical failures. Further, switchgear is an essential component of industrial power systems and plays a critical role in process control, protection, and safety. Industrial switchgear operates in harsh environments and is built to withstand extreme temperatures, humidity, and mechanical stresses. It includes medium-voltage and high-voltage switchgear, motor control centers, and power distribution units. The demand for industrial switchgear in Myanmar is rising along with the growth of the manufacturing sector.

Key Attractiveness of the Report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Reports

  • Myanmar Switchgear Market Overview
  • Myanmar Switchgear Market Outlook
  • Myanmar Switchgear Market Forecast
  • Historical Data of Myanmar Switchgear Market Revenues & Volume for the Period 2020-2030
  • Myanmar Switchgear Market Size and Myanmar Switchgear Market Forecast of Revenues & Volume, Until 2030
  • Historical Data of Myanmar Switchgear Market Revenues & Volume, By Voltage, for the Period 2020-2030
  • Market Size & Forecast of Myanmar Switchgear Market Revenues & Volume, By Voltage, Until 2030
  • Historical Data of Myanmar Switchgear Market Revenues & Volume, By Insulation, for the Period 2020-2030
  • Market Size & Forecast of Myanmar Switchgear Market Revenues & Volume, By Insulation, Until 2030
  • Historical Data of Myanmar Switchgear Market Revenues & Volume, By Applications, for the Period 2020-2030
  • Market Size & Forecast of Myanmar Switchgear Market Revenues & Volume, By Applications, Until 2030
  • Market Drivers and Restraints
  • Myanmar Switchgear Market Price Trends
  • Myanmar Switchgear Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Myanmar Switchgear Market Share, By Players
  • Myanmar Switchgear Market Share, By Regions
  • Myanmar 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
Myanmar Switchgear Market (2024-2030): FAQs
The Myanmar Switchgear market is on the rise due to the growth in construction and infrastructure activities, such as the construction of new facilities, housing projects, commercial complexes, and industries.
The medium voltage switchgear is predictable to witness the utmost growth as it is commonly used in large industrial facilities, power plants, and commercial buildings.
The commercial switchgear application is the most popular as the commercial switchgear not only ensures the smooth functioning of power systems but also improves energy efficiency and reduces the risk of costly downtime due to electrical failures.
The leading players in the market include Schneider Electric, Siemens AG, Eaton Corporation, ABB Ltd., and General Electric.
Yes, we have covered a detailed impact of the Covid 19 pandemic in this study.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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. Myanmar Switchgear Market Overview
3.1 Myanmar Country Indicators
3.2 Myanmar Switchgear Market Revenues & Volume 2020-2030F
3.3 Myanmar Switchgear Market Revenue Share, By Voltage, 2020 & 2030F
3.4 Myanmar Switchgear Market Revenue Share, By Insulation, 2020 & 2030F
3.5 Myanmar Switchgear Market Revenue Share, By Application, 2020 & 2030F
3.6  Myanmar Switchgear Market - Industry Life Cycle
3.7  Myanmar Switchgear Market - Porter’s Five Forces
4. Myanmar Switchgear Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Myanmar Switchgear Market Trends
6. Myanmar Switchgear Market Overview, By Voltage
6.1 Myanmar Switchgear Market Revenues & Volume, By Low Voltage Switchgear 2020-2030F
6.2 Myanmar Switchgear Market Revenues & Volume, By Medium Voltage Switchgear 2020-2030F
6.3 Myanmar Switchgear Market Revenues & Volume, By High Voltage Switchgear 2020-2030F
7. Myanmar Switchgear Market Overview, By Insulation
7.1 Myanmar Switchgear Market Revenues, By Medium Voltage Switchgear, 2020-2030F
7.2 Myanmar Switchgear Market Revenues, By High Voltage Switchgear, 2020-2030F
7.3 Myanmar Switchgear Market Revenues, By Low Voltage Switchgear, 2020-2030F
8. Myanmar Switchgear Market Overview, By Application
8.1 Myanmar Switchgear Market Revenues & Volume, By Residential, 2020-2030F
8.2 Myanmar Switchgear Market Revenues & Volume, By Commercial, 2020-2030F
8.3 Myanmar Switchgear Market Revenues & Volume, By Industrial, 2020-2030F
8.4 Myanmar Switchgear Market Revenues & Volume, By Power Utilities, 2020-2030F
9.  Myanmar Switchgear Market - Key Performance Indicators
10. Myanmar Switchgear Market - Opportunity Assessment
10.1 Myanmar Switchgear Market Opportunity Assessment, By Voltage 2030F
10.2 Myanmar Switchgear Market Opportunity Assessment, By Insulation 2030F
10.3 Myanmar Switchgear Market Opportunity Assessment, By Application, 2030F
11. Myanmar Switchgear Market Competitive Landscape
11.1 Myanmar Switchgear Market Revenue Share, By Company, 2023
11.2 Myanmar Switchgear Market Competitive Benchmarking, By Operating & Technical Parameters
12. Company Profiles
13. Key Recommendations
14. Disclaimer

Southeast Asia Switchgear Market (2019-2025): Market Forecast By Voltage (Low Voltage Switchgear (<1.1 kV), Medium Voltage Switchgear (1.1 kV – 36 kV) and High Voltage Switchgear (>36 kV), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated and Others including Hybrid and Oil), High Voltage Switchgear (Air Insulated, Gas Insulated and Others including Hybrid and Oil)), By Types (Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS and Others including Distribution Boards, RCB and ELCB), Medium Voltage Switchgear (Indoor Switchgear (ISG), Outdoor Switchgear (OSG) and Others including RMU and CSS)), By Applications (Residential, Commercial, Industrial, Power Utilities and Others including Transportation Infrastructure etc), By Countries (Indonesia, Vietnam, Thailand, Malaysia, Singapore, Myanmar, Cambodia, Laos and Rest of SEA including Philippines, Brunei and Timor-Leste) and Competitive Landscape

Myanmar Switchgear Market (2018-2024): 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 (AIS, GIS and Others) and High Voltage (AIS, GIS and Others)), By Types (Low Voltage (MCB, MCCB, C&R, ACB, COS and Others) and Medium Voltage (ISG, OSG and Others)), By Verticals (Residential, Commercial, Industrial, Power Utilities and Others), By Regions (Northern and Southern) and Competitive Landscape

Canada Switchgear Market (2019-2025): Market Report  By Voltage(Low Voltage (<1.1 KV), By Types(MCB, MCCB, C&R, ACB, COS & Others (Distribution Boards, RCB, ELCB), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), Medium Voltage (1.1 KV – 36 KV), By Types(ISG (Indoor Switchgear), OSG (Outdoor Switchgear) & Others (RMU, CSS), By Insulation type(Air Insulated Switchgear, Gas Insulated Switchgear & Other Insulated Switchgear (Hybrid, Oil), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), High voltage Switchgear (<36 KV), By Insulation type(Air Insulated Switchgear, Gas Insulated Switchgear & Other Insulated Switchgear (Hybrid, Oil), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.) And Competitive Landscape.

China Switchgear Market (2019-2025): Market Report  By Voltage(Low Voltage (<1.1 KV), By Types(MCB, MCCB, C&R, ACB, COS & Others (Distribution Boards, RCB, ELCB), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), Medium Voltage (1.1 KV – 36 KV), By Types(ISG (Indoor Switchgear), OSG (Outdoor Switchgear) & Others (RMU, CSS), By Insulation type(Air Insulated Switchgear, Gas Insulated Switchgear & Other Insulated Switchgear (Hybrid, Oil), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), High voltage Switchgear (<36 KV), By Insulation type(Air Insulated Switchgear, Gas Insulated Switchgear & Other Insulated Switchgear (Hybrid, Oil), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.) And Competitive Landscape.

France Switchgear Market (2019-2025): Market Report  By Voltage(Low Voltage (<1.1 KV), By Types(MCB, MCCB, C&R, ACB, COS & Others (Distribution Boards, RCB, ELCB), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), Medium Voltage (1.1 KV – 36 KV), By Types(ISG (Indoor Switchgear), OSG (Outdoor Switchgear) & Others (RMU, CSS), By Insulation type(Air Insulated Switchgear, Gas Insulated Switchgear & Other Insulated Switchgear (Hybrid, Oil), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), High voltage Switchgear (<36 KV), By Insulation type(Air Insulated Switchgear, Gas Insulated Switchgear & Other Insulated Switchgear (Hybrid, Oil), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.), By Applications(Residential, Commercial, Industrial, Power Utilities & Others (Transportation infrastructure etc.) And Competitive Landscape.

 

Market Forecast By Voltage (Low Voltage Switchgear (<1.1 kV), Medium Voltage Switchgear (1.1 kV – 36 kV) and High Voltage Switchgears (>36 kV), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated and Others including Hybrid and Oil), High Voltage Switchgear (Air Insulated, Gas Insulated and Others including Hybrid and Oil)), By Types (Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS and Others including Distribution Boards, RCB and ELCB), Medium Voltage Switchgear (Indoor Switchgear (ISG), Outdoor Switchgear (OSG) and Others including RMU and CSS)), By Applications (Residential, Commercial, Industrial, Power Utilities and Others including Transportation Infrastructure), By Regions (Northern and Southern) and Competitive Landscape

Product Code: ETC000617 Publication Date: Jul 2019 Product Type: Report
Publisher: 6Wresearch No. of Pages: 130 No. of Figures: 54 No. of Tables: 18

Latest 2023 Developments of the  Myanmar Switchgear Market

Myanmar Switchgear Market includes the introduction of advanced air-insulated switchgear which is more widely used in the medium and high voltage categories. The more efficient gas-insulated switchgear is adopted in oil & gas, power and transportation sectors due to higher efficiency. Additionally, initiatives such as the National Transport Master Plan 2030 and the National Electrification Plan have been adopted with the aim to achieve full electrification in the country by 2030. In addition, increasing foreign investment for the development of energy and utilities, residential and public infrastructure sectors of Myanmar is expected to increase the sales of switchgear and in turn, boost the growth of the switchgear market in the country.

Mergers and Acquisitions:

  • In November 2020, Schneider Electric acquired a controlling stake in Operation Technology Inc./ETAP Automation Inc.
  • In 2020, Legrand SA purchased Borri, an Italian UPS systems specialist.

Myanmar Switchgear Market Synopsis

Construction of mega infrastructure projects, initiatives to expand the power transmission and distribution network as well as development of the residential sector to keep up with the rapidly growing population would be some of the key drivers behind the growth of the Myanmar switchgear market during 2019-25.

According to 6Wresearch, Myanmar Switchgear Market size is projected to grow at a CAGR of 8.3% during 2019-25. The government in Myanmar continues to focus on improving the ease of doing business in the country and attracting more foreign investment. Oil and gas, power and transportation sectors in Myanmar are some of the key beneficiaries of these investments over the past few years. Additionally, with the expected increase in FDI in the country, several other sectors such as real estate, manufacturing and tourism are anticipated to strengthen over the coming years, thereby generating more demand for switchgear in the market.

Myanmar Switchgear Market OverviewAt present, low voltage switchgears dominate the overall switchgear market with the largest market revenue share primarily due to their wide applicability across the residential and commercial sectors. Further, air-insulated switchgears are more widely used in the medium and high voltage categories while gas-insulated switchgears are expected to gain a higher market share over the coming years.

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

• Myanmar Switchgear Market Overview
• Myanmar Switchgear Market Outlook
• Myanmar Switchgear Market Forecast
• Myanmar Switchgear Market Size and Myanmar Switchgear Market Forecast, until 2025
• Historical Data of Myanmar Switchgear Market Revenues for the Period 2015-2018
• Myanmar Switchgear Market Share, By Regions
• Historical Data of Myanmar Low Voltage Switchgear Market Revenues for the Period 2015-2018
• Market Size & Forecast of Myanmar Low Voltage Switchgear Market Revenues until 2025
• Historical Data of Myanmar Medium Voltage Switchgear Market Revenues & Volume for the Period 2015-2018
• Market Size & Forecast of Myanmar Medium Voltage Switchgear Market Revenues & Volume until 2025
• Historical Data of Myanmar High Voltage Switchgear Market Revenues & Volume for the Period 2015-2018
• Market Size & Forecast of Myanmar High Voltage Switchgear Market Revenues & Volume until 2025
• Historical Data of Myanmar Switchgear Market Revenues for the Period 2015-2018, By Applications
• Market Size & Forecast of Myanmar Switchgear Market Revenues until 2025, By Applications
• Historical & Forecast Data of Myanmar Switchgear Regional Market Revenues for the Period 2015-2025
• Market Drivers and Restraints
• Myanmar Switchgear Market Trends Evolution
• Porter’s Five Forces Analysis and Market Opportunity Assessment
• Myanmar Switchgear Market Share, By Players
• Myanmar Switchgear Market Overview on Competitive Benchmarking
• Company Profiles
• Strategic Recommendations

Markets Covered:

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

By Voltage:

    o Low Voltage Switchgear (<1.1 kV)
    o Medium Voltage Switchgear (1.1 kV – 36 kV)
    o High Voltage Switchgears (>36 kV)

By Insulation:

    o Medium Voltage Switchgear:
              ■ Air Insulated
              ■ Gas Insulated
              ■ Others (Hybrid, Oil)
    o High Voltage Switchgear:
              ■ Air Insulated
              ■ Gas Insulated
              ■ Others (Hybrid, Oil)

By Types:
    o Low Voltage Switchgear:
              ■ MCB
              ■ MCCB
              ■ C&R
              ■ ACB
              ■ COS
              ■ Others (Distribution Boards, RCB, ELCB)
    o Medium Voltage Switchgear:
              ■ Indoor Switchgear (ISG)
              ■ Outdoor Switchgear (OSG)
              ■ Others (RMU, CSS)

By Applications:

  • Residential
  • Commercial
  • Industrial
  • Power Utilities
  • Others (Transportation infrastructure etc.)

By Regions:

  • Northern 
  • Southern

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