According to 6Wresearch, Myanmar Switchgear Market revenues are projected to grow at a CAGR of 8.4% during 2019-25. In order to keep up with the growing population of Myanmar, the Ministry of Construction plans on developing new low-cost housing units and improving the social infrastructure of the country over the coming years, which would generate more demand for MCCBs, MCBs and other low voltage switchgears. For instance, 1 million housing units in Myanmar are expected to be developed by 2030. Multiple new hydro and solar power plant projects are also in the construction phase and would provide additional power supply in the country. Additionally, the planned expansion of the transmission and distribution network in the country would increase the demand for medium and high voltage switchgear devices during the forecast period.
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"Myanmar Switchgear Market (2019-2025)" report provides an in-depth analysis with 54 figures and 18 tables covered in more than 130 pages. Myanmar Switchgear market report estimates and forecasts the overall Myanmar switchgear market revenues by voltage, types, insulation, regions and applications such as residential, commercial, industrial, power utilities and others. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics."
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