Product Code: ETC018287 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Singapore switchgear and switchboard apparatus market is expected to grow at a moderate CAGR from 2020 to 2026. Switchgear is an electrical apparatus that controls, directs, protects, and monitors the flow of electricity in generation, transmission, distribution systems. It comprises circuit breakers, switches for isolating sections of networks or equipment as well as other protective devices. Factors such as rising urbanization & industrialization coupled with technological advancements are driving the demand for Singapore switchgears and switchboard apparatuses. Moreover, increasing investments in renewable energy projects have also provided impetus to the growth of this sector in Singapore.
Rising urbanisation & industrialisation leading to increased demand for electric power drive the market growth in Singapore.Technological advancement aiming towards efficient use of electricity has propelled market growth over years.Increasing investments made towards renewable energy sources like solar PV modules will surge up the market size further.Development of smart grids across several applications including commercial establishments has created new opportunities.
High initial cost associated with installation process can be a restraint on adoption rate.Lack of skilled labour may hinder swift completion of projects.Fluctuating raw material prices adds pressure on pricing strategies adopted by manufacturers.
Some key players operating in this space include Schneider Electric SE (France ), Siemens AG (Germany ), ABB Ltd (Switzerland ), Eaton Corporation plc (Ireland) amongst others.
The COVID19 pandemic has caused disruption throughout various industries around world due its extensive spreading pattern.For instance, lock downs imposed by government authorities across many countries have resulted in shortage supply chain related issues, delayed delivery time frames along with reduced customer spending capability which has severely hampered production levels.Thus, it led to slow down construction activities thereby impacting negatively on overall industry landscape.On contrary however certain sectors such as medical electronics saw increase demand due rise health awareness levels among masses which provides some relief during unfavorable times.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Switchgear and switchboard apparatus Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Switchgear and switchboard apparatus Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Switchgear and switchboard apparatus Market - Industry Life Cycle |
3.4 Singapore Switchgear and switchboard apparatus Market - Porter's Five Forces |
3.5 Singapore Switchgear and switchboard apparatus Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Singapore Switchgear and switchboard apparatus Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Singapore Switchgear and switchboard apparatus Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Switchgear and switchboard apparatus Market Trends |
6 Singapore Switchgear and switchboard apparatus Market, By Types |
6.1 Singapore Switchgear and switchboard apparatus Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Switchgear and switchboard apparatus Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 Singapore Switchgear and switchboard apparatus Market Revenues & Volume, By Switchgear, 2020-2030F |
6.1.4 Singapore Switchgear and switchboard apparatus Market Revenues & Volume, By Switchboard, 2020-2030F |
6.2 Singapore Switchgear and switchboard apparatus Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Singapore Switchgear and switchboard apparatus Market Revenues & Volume, By Industrial, 2020-2030F |
6.2.3 Singapore Switchgear and switchboard apparatus Market Revenues & Volume, By Residential, 2020-2030F |
6.2.4 Singapore Switchgear and switchboard apparatus Market Revenues & Volume, By Commercial, 2020-2030F |
7 Singapore Switchgear and switchboard apparatus Market Import-Export Trade Statistics |
7.1 Singapore Switchgear and switchboard apparatus Market Export to Major Countries |
7.2 Singapore Switchgear and switchboard apparatus Market Imports from Major Countries |
8 Singapore Switchgear and switchboard apparatus Market Key Performance Indicators |
9 Singapore Switchgear and switchboard apparatus Market - Opportunity Assessment |
9.1 Singapore Switchgear and switchboard apparatus Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Singapore Switchgear and switchboard apparatus Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Singapore Switchgear and switchboard apparatus Market - Competitive Landscape |
10.1 Singapore Switchgear and switchboard apparatus Market Revenue Share, By Companies, 2023 |
10.2 Singapore Switchgear and switchboard apparatus Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |