Rising Energy Demands Stoke the Southeast Asian Power and Distribution Transformers Market, Finds Frost & Sullivan

Rising Energy Demands Stoke the Southeast Asian Power and Distribution Transformers Market, Finds Frost & Sullivan PR Newswire SINGAPORE, Sept. 26, 2012 - Chinese imports compel local participants to reduce price of transformers SINGAPORE, Sept. 26, 2012 /PRNewswire/ -- Developing countries in Southeast Asia have proposed extensive power development plans till 2015, while the developed countries are in the process of revamping their power infrastructure. Following a rise in the demand for electricity from the commercial, domestic and industrial sectors, a spate of power generation projects, T&D development, and industrial projects are driving the power and distribution transformers market. New analysis from Frost & Sullivan (http://www.energy.frost.com), Southeast Asia Power and Distribution Transformers Market (2011 Update), finds that the market earned revenues of US$827.0 million in 2011 and estimates this to reach US$1.19 billion in 2016. Countries such as Malaysia and the Philippines, which already have power grid networks, are looking to replace their ageing power infrastructure. Retrofit and reconstruction activities post the natural calamities in Thailand and the Philippines will also contribute to the growth of the transformer market in the next three years.