Myanmar circuit breaker market is projected to grow at a CAGR of 8.2% during 2019-25
Rising Investment In Power Utilities & Residential Sectors Along With Government Initiatives Would Increase The Demand For Circuit Breakers In Myanmar During 2019-25 - 6Wresearch
Several growth opportunities in the residential vertical such as upcoming projects in Yangon on account of rising population in Myanmar are anticipated to drive the demand for electrical components such as circuit breakers over the coming years. Additionally, growing number of industries and development of special economic zones across the country would further fuel the demand for medium and high voltage circuit breakers.
According to 6Wresearch, Myanmar circuit breaker market is projected to grow at a CAGR of 8.2% during 2019-25. “On-going government initiatives such as the Energy Master Plan 2030 and the National Electrification Plan focusing on establishing several new power plants, upgrading the existing...