Grid Restructuring, Smart Grid and Microgrid Projects continue to boost APAC Transmission & Distribution Sector in 2015, finds Frost & Sullivan
-- Plans to improve electrification in several countries across the region will catalyse market development
SINGAPORE, March 3, 2015 /PRNewswire/ -- The Asia-Pacific (APAC) transmission and distribution (T&D) market outlook for this year looks robust for power equipment such as transformers, switchgears, electricity meters and power cables. The expected increase in grid investments compared to 2014 will drive the uptake of T&D equipment in the region. T&D equipment manufacturers have been strengthening their facilities to support the growing domestic demand for their products.
New analysis from Frost & Sullivan, Asia-Pacific Transmission and Distribution Outlook Study (http://www.frost.com/p862), finds that the T&D equipment market earned revenues of US$22.66 billion in 2014 and estimates this to reach US$24.11 billion in 2015.
"With electricity utilities in countries such as Japan preparing for the nationalised grid restructuring program, investments in T&D equipment will gain pace," said Frost & Sullivan Energy & Environmental Industry Analyst Avanthika Satheesh.
"Efforts to extend the grid to remote communes in developing nations like Vietnam, Indonesia and the Philippines will also lend momentum to the APAC T&D equipment market," she added.
Opportunities for T&D equipment manufacturers will be especially strong in Indonesia, as rural electrification is the highest priority of the country's utilities, which aim to achieve 90 percent electrification by 2025. Similar plans in the Philippines and Malaysia, where electrification rates are below 100 percent, will further brighten market prospects.
"Other lucrative markets for T&D equipment manufacturers are Japan, South Korea and Australia. These countries will see investments in certain smart grid technologies such as distribution grid automation, smart meters and demand response systems rise. With the expected privatisation of the Australian grid in 2015 and the mushrooming of microgrid projects in APAC, market participants should focus on these markets to boost revenues," noted Satheesh.
While the political situation in Thailand delayed the implementation of several T&D projects in the country in 2014, the market condition is anticipated to improve this year. Thus, more investments will pour in and the central Government will sanction numerous T&D projects, making this too a worthwhile market to explore.
For more information on this study, please email Donna Jeremiah, Corporate Communications, at djeremiah@frost.com.
Asia-Pacific Transmission and Distribution Outlook Study is part of the Energy & Power (http://www.energy.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Global Distribution Automation Market, Annual Global Power and Energy Outlook 2014, Southeast Asia Power and Distribution Transformers Market, and Annual Global Power Generation Forecasts 2014. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussion
Join Us: Join our community
Subscribe: Newsletter on "the next big thing"
Register: Gain access to visionary innovation
Asia-Pacific Transmission and Distribution Outlook Study
P862-14
Contact:
Donna Jeremiah
Corporate Communications – Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: djeremiah@frost.com
Carrie Low
Corporate Communications – Asia Pacific
P: +603 6204 5910
F: +603 6201 7402
E: carrie.low@frost.com
Melissa Tan
Corporate Communications – Asia Pacific
P: +65 6890 0926
F: +65 6890 0999
E: melissa.tan@frost.com
Share this article