Myanmar Switchgear Market (2019-2025) | Size, Share, Trends, Growth, industry, Outlook, Revenue, Value, Forecast, Outlook & Segmentation

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.

At 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

6Wresearch tracks and manages databases of the global switchgear market. 6wresearch has been supporting various stakeholders in designing 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 capabilities, 6wresearch delivers actionable insights for companies to make Go/No-Go decisions.

Frequently Asked Questions About the Market Study (FAQs):