Brisk Activity in the Asia Pacific Power Industry Energizes the Switchgears Market, Finds Frost & Sullivan

Brisk Activity in the Asia Pacific Power Industry Energizes the Switchgears Market, Finds Frost & Sullivan PR Newswire KUALA LUMPUR, Malaysia, July 31, 2012 - Power sector investments, retrofit and renewable energy projects to support switchgear uptake KUALA LUMPUR, Malaysia, July 31, 2012 /PRNewswire/ -- The rapid economic growth of the Asia Pacific region has intensified the demand for electricity from its commercial, domestic and industrial sectors. In preparation for this hike in power demand, utilities in developing countries are initiating several large power projects, which shall extend from 2015 to 2018. Countries such as Malaysia and Australia, which already have power grid networks, are looking to replace their aging power infrastructure. New analysis from Frost & Sullivan (http://www.energy.frost.com), Asia-Pacific Switchgear Market: 2011 Update, finds that the market earned revenues of US$11.37 billion in 2011 and estimates this to reach US$13.47 billion in 2016. "While the developing countries in the region have been focusing on power generation and transmission and distribution (T&D) investment, the developed nations are keen on altering their 'energy mix' by increasing the share of renewable energy," said Frost & Sullivan Research Analyst Avanthika Satheesh P. "All these investments directly influence the switchgear market and contribute to its growth.