The Southeast Asian region has an unreliable and obsolete power transmission grid which faces frequent black-outs resulting in severe losses. Power utilities in the region have geared-up and have decided to invest in power generation projects. However, the grid is unable to take this excessive pressure that will build up when this additional power is injected into the grid. This has forced the utilities to invest in transmission grid infrastructure development. The projected investments are likely to contribute extensively to the transmission equipment and EPC services market. This is the major driver for the market growth during the forecast period of 2014–2018. The base year for the study is 2013.
The high voltage (HV) transmission market is in the growth phase in Southeast Asia (SE Asia). The market revenue in 2013 was million*, of which Engineering Procurement and Construction (EPC) services contributed %, HV switchgears %, power transformers %, and capacitor, Flexible AC transmission Systems (FACTS), and HV cables constituted the rest.
By 2018, the total market revenue is forecasted to grow to $ million*. The EPC services segment is forecasted to have the highest CAGR growth of % during the next five years.
The volume of projects in the market, increasing land costs, labor wages, strict labor laws, and transportation costs have a significant impact on market growth.
Investment into transmission in the region is projected to grow at CAGR of % during 2013–2018, which drives the equipment and EPC services market.
In 2013, Indonesia was the largest market in SE Asia, with a share of %** in total revenue. It is also the fastest growing market at CAGR of % for 2013–2018.
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