— Plans to improve electrification in several countries across the region will catalyse market development

SINGAPORE, March 3, 2015 /PRNewswire/ — The Asia-Pacific (APAC) transmission and distribution (T&D) market outlook for this year looks robust for power equipment such as transformers, switchgears, electricity meters and power cables. The expected increase in grid investments compared to 2014 will drive the uptake of T&D equipment in the region. T&D equipment manufacturers have been strengthening their facilities to support the growing domestic demand for their products.

New analysis from Frost & Sullivan, Asia-Pacific Transmission and Distribution Outlook Study (http://www.frost.com/p862), finds that the T&D equipment market earned revenues of US$22.66 billion in 2014 and estimates this to reach US$24.11 billion in 2015.

"With electricity utilities in countries such as Japan preparing for the nationalised grid restructuring program, investments in T&D equipment will gain pace," said Frost & Sullivan Energy & Environmental Industry Analyst Avanthika Satheesh.

"Efforts to extend the grid to remote communes in developing nations like Vietnam, Indonesia and the Philippines will also lend momentum to the APAC T&D equipment market," she added.

Opportunities for T&D equipment manufacturers will be especially strong in Indonesia, as rural electrification is the highest priority of the country’s utilities, which aim to achieve 90 percent electrification by 2025. Similar plans in the Philippines and Malaysia, where electrification rates are below 100 percent, will further brighten market prospects.

"Other lucrative markets for T&D equipment manufacturers are Japan, South Korea and Australia. These countries will see investments in certain smart grid technologies such as distribution grid automation, smart meters and demand response systems rise. With the expected privatisation of the Australian grid in 2015 and the mushrooming of microgrid projects in APAC, market participants should focus on these markets to boost revenues," noted Satheesh.

While the political situation in Thailand delayed the implementation of several T&D projects in the country in 2014, the market condition is anticipated to improve this year. Thus, more investments will pour in and the central Government will sanction numerous T&D projects, making this too a worthwhile market to explore.

For more information on this study, please email Donna Jeremiah, Corporate Communications, at djeremiah@frost.com.

Asia-Pacific Transmission and Distribution Outlook Study is part of the Energy & Power (http://www.energy.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Distribution Automation Market, Annual Global Power and Energy Outlook 2014, Southeast Asia Power and Distribution Transformers Market, and Annual Global Power Generation Forecasts 2014. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

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Asia-Pacific Transmission and Distribution Outlook Study

Donna Jeremiah
Corporate Communications — Asia Pacific
P: +61 (02) 8247 8927 +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: djeremiah@frost.com

Carrie Low
Corporate Communications — Asia Pacific
P: +603 6204 5910 +603 6204 5910
F: +603 6201 7402
E: carrie.low@frost.com

Melissa Tan
Corporate Communications — Asia Pacific
P: +65 6890 0926 +65 6890 0926
F: +65 6890 0999
E: melissa.tan@frost.com