Market Size of Southeast Asia Power Transmission and Distribution Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 8.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Southeast Asia Power Transmission & Distribution Market Analysis
The Southeast Asia power transmission and distribution market is projected to register a CAGR of more than 8% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently, the market reached pre-pandemic levels.
- Over the medium term, factors such as increasing penetration of renewable energy sources, rising power consumption, and growing access to electricity, along with expanding and enhancing the power grid infrastructure, are expected to drive the market during the forecast period.
- On the flip side, the growing trend of distributed power generation is expected to restrain the market's growth, as there is no requirement for long-distance transmission infrastructure in distributed power generation.
- Nevertheless, rising demand for modernization and advancements in electrical grids are anticipated to create opportunities for stakeholders and players in the Southeast Asia power transmission and distribution market soon.
- During the forecast period, Vietnam is expected to witness significant demand in the Southeast Asia power transmission and distribution market.
Southeast Asia Power Transmission & Distribution Industry Segmentation
Power transmission is the large-scale movement of electricity at high voltage levels from a power plant to a substation. Whereas, power distribution converts high-voltage electricity at substations to lower voltages that can be distributed and used by private, public, and industrial customers.
The Southeast Asia power transmission and distribution market is segmented by type and geography. By type, the market is segmented into transmission and distribution. The report also covers the market size and forecasts for the power transmission and distribution market across major countries in the Southeast Asian region. For each segment, the market sizing and forecasts have been done based on revenue (USD Billion).
| Type | |
| Transmission | |
| Distribution |
| Geography | |
| Vietnam | |
| Indonesia | |
| Malaysia | |
| Thailand | |
| Rest of Southeast Asia |
Southeast Asia Power Transmission and Distribution Market Size Summary
The Southeast Asia power transmission and distribution market is poised for substantial growth, driven by factors such as the increasing integration of renewable energy sources, rising electricity consumption, and the expansion of power grid infrastructure. The region's rapid industrialization and population growth, particularly in countries like Vietnam, Thailand, and Indonesia, are fueling the demand for enhanced energy-generating capacities, predominantly through renewable sources. This surge in demand is expected to boost the adoption of high voltage direct current (HVDC) transmission systems, especially in areas with challenging electrification rates and numerous small islands. Despite the challenges posed by the trend towards distributed power generation, the need for modernization and advancements in electrical grids presents significant opportunities for market stakeholders.
Vietnam, in particular, is experiencing a significant uptick in demand for power transmission and distribution infrastructure, spurred by the government's investments in renewable energy integration projects. The country's ambitious Power Transmission Plan 8 aims to develop a robust power grid by 2030, supported by substantial investments in transmission lines and substations. Key players in the market, including Vietnam Electricity and international corporations like Toshiba, Mitsubishi Electric, and General Electric, are actively involved in these developments. Additionally, regional projects such as the Australia-Asia PowerLink, which aims to deliver solar-generated power from Australia to Singapore, highlight the growing importance of cross-border energy projects in the Southeast Asia power transmission and distribution market.
Southeast Asia Power Transmission and Distribution Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Industry Attractiveness - Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Transmission
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2.1.2 Distribution
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2.2 Geography
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2.2.1 Vietnam
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2.2.2 Indonesia
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2.2.3 Malaysia
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2.2.4 Thailand
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2.2.5 Rest of Southeast Asia
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Southeast Asia Power Transmission and Distribution Market Size FAQs
What is the current Southeast Asia Power Transmission and Distribution Market size?
The Southeast Asia Power Transmission and Distribution Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Southeast Asia Power Transmission and Distribution Market?
Vietnam Electricity, Toshiba Corporation, Romelectro Group, Mitsubishi Electric Corporation and General Electric Company are the major companies operating in the Southeast Asia Power Transmission and Distribution Market.
