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.
