Market Forecast By Voltage (Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated, Others), High Voltage Switchgear (Air Insulated, Gas Insulated, Others)), By Types (Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS, Others), Medium Voltage Switchgear (Indoor Switchgear (ISG), Outdoor Switchgear (OSG), Others)), By Applications (Residential, Commercial, Industrial, Power Utilities, Other) and competitive landscape
Product Code: ETC002121 | Publication Date: Apr 2020 | Updated Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Singapore Switchgear Market registered a growth of 5.15% in value shipments in 2022 as compared to 2021 and an increase of 7.29% CAGR in 2022 over a period of 2017. In Switchgear Market Singapore is becoming more competitive as the HHI index in 2022 was 1188 while in 2017 it was 1264. 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.
Singapore has reportedly relied more on domestic production to meet its growing demand in Switchgear Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Switchgear Market in 2022 was 0.91 while in 2017 it was 0.85. Malaysia, China, Vietnam, USA and Indonesia were among the top players of the market in 2022, where Malaysia acquired the largest market share of 21.76% with a shipment value of 88.89 million USD in 2022 Malaysia also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Switchgear Market. In 2017 China had the largest market share of 22.79% with the shipment value of 58.06 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 Chinaprice is lower than the average price, it provided a significant edge among other competitor in 2017.
Singapore Switchgear Market Synopsis
The growing construction sector coupled with the growing demand for uninterrupted power supply in the country has driven the demand for the switchgear market in Singapore. The construction sector has registered high growth over the past years resulting in a surge in demand for electricity supply in the country, which would lead to a surge in the installation of switchgear during the forthcoming years. During the last quarter of 2019, construction projects worth more than $30 billion are under the planning stage, which includes public as well as private sector projects, which are expected to be complete during the next six years, resulting in demand for switchgear markets in the country. However, with the occurrence of global pandemic COVID-19, the Singapore market is expected to register an economic slowdown, resulting in a slowdown in the investment t in the country.
According to 6Wresearch, the Singapore Switchgear Market size is anticipated to register growth during 2020-26. Growing government plans for the expansion and redevelopment of the power plants in the country to support the growing demand for electricity in the country would lead to a surge in demand for the switchgear market over the forecast period. For instance, Sembcorp Industries, Singapore-based energy, water, and the marine group has passed a plan for the development of a co-generation power plant with an electricity generation capacity of over 800MW.
Based on applications, the power utility sector accounted for a leading share of the market revenue pie owing to the growing demand for electricity in the power utility sector. Based on voltage, the medium voltage segment accounted for a major share of market demand.
The Singapore Switchgear market report thoroughly covers the market by types, voltage, insulation, applications, and regions. The Singapore Switchgear market outlook report provides an unbiased and detailed analysis of the ongoing Singapore 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 Singapore 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 Singapore Switchgear Market Overview |
3.1 Singapore Switchgear Market Revenues & Volume, 2016-2026F |
3.2 Singapore Switchgear Market Revenue Share, By Voltage, 2019 & 2026F |
3.3 Singapore Switchgear Market Revenue Share, By Applications, 2019 & 2026F |
3.4 Singapore Switchgear Market Revenue Share, By Regions, 2019 & 2026F |
3.5 Singapore Switchgear Market Industry Life Cycle |
3.6 Singapore Switchgear Market- Porter’s Five Forces, 2019 |
4 Singapore Switchgear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Switchgear Market Trends |
6 Singapore Low Voltage Switchgear Market Overview |
6.1 Singapore Low Switchgear Market Revenues & Volume, 2016-2026F |
6.2 Singapore Low Switchgear Market Revenues & Volume, By Types |
6.2.1 Singapore Low Voltage Switchgear Market Revenues & Volume, By MCB, 2016-2026F |
6.2.2 Singapore Low Voltage Switchgear Market Revenues & Volume, By MCCB, 2016-2026F |
6.2.3 Singapore Low Voltage Switchgear Market Revenues & Volume, By C&R, 2016-2026F |
6.2.4 Singapore Low Voltage Switchgear Market Revenues & Volume, By ACB, 2016-2026F |
6.2.5 Singapore Low Voltage Switchgear Market Revenues & Volume, By COS, 2016-2026F |
6.2.6 Singapore Low Voltage Switchgear Market Revenues & Volume, By Others, 2016-2026F |
7 Singapore Medium Voltage Switchgear Market Overview |
7.1 Singapore Medium Switchgear Market Revenues & Volume, 2016-2026F |
7.2 Singapore Medium Switchgear Market Revenues & Volume, By Types |
7.2.1 Singapore Medium Voltage Switchgear Market Revenues & Volume, By Indoor Switchgear (ISG), 2016-2026F |
7.2.2 Singapore Medium Voltage Switchgear Market Revenues & Volume, By Outdoor Switchgear(OSG), 2016-2026F |
7.2.3 Singapore Medium Voltage Switchgear Market Revenues & Volume, By Others, 2016-2026F |
7.3 Singapore Medium Switchgear Market Revenues & Volume, By Insulation |
7.3.1 Singapore Medium Voltage Switchgear Market Revenues & Volume, By Air Insulated, 2016-2026F |
7.3.2 Singapore Medium Voltage Switchgear Market Revenues & Volume, By Gas Insulated, 2016-2026F |
7.3.3 Singapore Medium Voltage Switchgear Market Revenues & Volume, By Others, 2016-2026F |
8 Singapore High Voltage Switchgear Market Overview |
8.1 Singapore High Switchgear Market Revenues & Volume, 2016-2026F |
8.2 Singapore High Switchgear Market Revenues & Volume, By Insulation |
8.2.1 Singapore High Voltage Switchgear Market Revenues & Volume, By Air Insulated, 2016-2026F |
8.2.2 Singapore High Voltage Switchgear Market Revenues & Volume, By Gas Insulated, 2016-2026F |
8.2.3 Singapore High Voltage Switchgear Market Revenues & Volume, By Others, 2016-2026F |
9 Singapore Switchgear Market Overview, By Applications |
9.1 Singapore Switchgear Market Revenues & Volume, By Residential, 2016-2026F |
9.2 Singapore Switchgear Market Revenues & Volume, By Commercial, 2016-2026F |
9.3 Singapore Switchgear Market Revenues & Volume, By Industrial, 2016-2026F |
9.4 Singapore Switchgear Market Revenues & Volume, By Power Utilities, 2016-2026F |
9.5 Singapore Switchgear Market Revenues & Volume, By Others, 2016-2026F |
10 Singapore Switchgear Market Overview, By Regions |
11 Singapore Switchgear Market Key Performance Indicators |
12 Singapore Switchgear Market Opportunity Assessment |
12.1 Singapore Switchgear Market Opportunity Assessment, By Voltage, 2026F |
12.2 Singapore Switchgear Market Opportunity Assessment, By Applications, 2026F |
13 Singapore Switchgear Market Competitive Landscape |
13.1 Singapore Switchgear Market Revenue Share, By Companies, 2019 |
13.2 Singapore Switchgear Market Competitive Benchmarking, By Operating Parameters |
14 Company Profiles |
15 Strategic Recommendations |
16 Disclaimer |