Industries

19 Mar 2021  |  Asia Pacific  |  Mega Trends

Digitalization and Decarbonization Powering Southeast Asia’s Medium Voltage Switchgear Industry

Future Growth Potential from Digital and Environmentally Friendly Value Propositions Driving Growth Opportunities

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Southeast Asias medium voltage switchgear market includes Singapore, Malaysia, Vietnam, the Philippines, Thailand, and Indonesia and covers voltages ranging from 1 kilovolt (kV) to 38 kV. Its growth is expected to continue at a steady 5.1% compound annual growth rate from 2020 to 2026, driven by rising power demand and grid connectivity across the ...