2014-04-30 10:06:03 - Analysis of the Southeast Asia Transmission and Distribution Substation Market - a new market research report on companiesandmarkets.com
The transmission and distribution (T&D) substation market is in the growth phase in Southeast Asia (SE Asia). The region has some of the lowest electrification ratios in the Asia-Pacific. Laos PDR, Cambodia, Myanmar, and Indonesia have low electrification rates, therefore, key investments are concentrated on the distribution grid development. Singapore, on the other hand, has the most reliable power grid. Indonesia is the largest market. It is also the fastest growing market, after Vietnam and the Philippines.
The developing countries in the region have projected a high demand growth and have streamlined the installed capacity addition to support this demand. Further, the T&D utilities have laid out complementing investment plan to assist the generation addition,However, stringent regulations on ´local content
value´ in project execution, unfair utility decisions during awarding tenders, and project delays are some of the key market restraints.
Privatization of T&D grid in certain countries is expected to attract investors who work on Built Operate Transfer (BOT) model. The top 4 market participants are ABB, Siemens A.G., Alstom grid Ltd, and Schneider Electric. In the transmission grid, popular regional companies are Hyundai Heavy Industries, Crompton Greaves, Tirathai, and Tenaga Switchgear.
Regional vendors are strengthening their facilities to support local demand. Korean, Chinese, and Indian manufacturers are establishing themselves with the T&D utilities with their low-priced products in the region. Besides, the utilities have subsidiaries that are capable of supplying T&D products. This makes it harder for the Western multinationals to enhance their presence with the utilities in the region.
Distribution segment has several local manufacturers as the technology is easier to replicate. Tamco Switchgears, Ekarat Engineering, Philec, EVN Thu Duc, and Dong Anh Electric are among the most prominent OEMs in the region. With an impending need to expand the distribution grid, the distribution segment is expected to grow at a higher CAGR of % than transmission segment during the forecast period. Price, technical support, and after-sales service are the key factors that drive T&D utility´s product procurements.
Regional manufacturers are strengthening their facilities to support local demand; Chinese and Korean manufacturers are increasing foot-hold amongst utilities. Price of transformers are expected to be reduced because of influx of low-cost products and increased competition in the market.
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