Market Overview:
The global high & medium voltage products market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electricity and rising investments in power infrastructure across the globe. In addition, growing awareness about energy efficiency and safety is also propelling the growth of this market. The global high & medium voltage products market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into switchgear, HV cables, power transformer, gas insulated switchgear (GIS), and others. The switchgear segment is expected to account for a major share of the global high & medium voltage products market in 2018 owing to its widespread use in various applications such as business, industrial, and residential sectors across different regions worldwide. On the basis of application,the market can be classified into business sector,, industrial sector,, residential sector,, transportation sector,, oil & gas sector,.and others segments. Among these applications,.
Product Definition:
High voltage products are those that operate at voltages of more than 1,000 volts. Medium voltage products are those that operate at voltages of between 1,000 and 35,000 volts. The use of high and medium voltage products is important because they allow for the transmission of large amounts of electricity over long distances without significant losses in power. This makes them ideal for use in the transmission and distribution of electrical power to consumers.
Switchgear:
Electricity generation and distribution systems are prone to damages due to several reasons such as equipment failure, weather conditions, etc. Thus it is important to have a back-up system in place which can quickly take over the load when there is a problem with the primary system. This factor has been driving the demand for switchgear in high and medium voltage products market globally.
HV Cables:
High-voltage cables are used in power transmission and distribution of electric power. They are mainly employed in transformers, switchgears, circuit breakers, generators and other related electrical equipment. The high voltage (HV) cables market is expected to witness significant growth over the forecast period owing to increasing demand for electricity across the globe coupled with rising investments for setting up new electricity generation plants.
Application Insights:
The industry is segmented on the basis of application into business, industrial and residential. The business application segment accounted for a share of over 60% in 2017. Increasing number of power outages and voltage fluctuations have led to an increased demand for HVAC systems across offices, which has resulted in high growth of the segment.
High-quality construction materials are used in switchgear & protection devices making it highly reliable and durable product suitable for heavy-duty operations at higher temperatures than other transformers or switches. This factor is expected to drive their demand from industrial applications over the forecast period as they offer enhanced reliability at a lower cost than other transformers or switches with similar ratings.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for high voltage switchgears in countries, such as China, India, Japan and South Korea. In addition, rising number of power projects in Southeast Asian countries is anticipated to drive industry expansion over the next eight years.
Europe was valued at USD X billion in 2017 owing to presence of a large number of power transformer manufacturing companies along with growing electricity demand from residential sector due to colder climate across European countries compared to other regions such as Asia Pacific and North America.
The Middle East & Africa region accounted for 7% share of global revenue in 2017 on account of increasing government investments coupled with rising electricity demand from oilfields operating across Saudi Arabia.
Growth Factors:
- Increasing demand from the developing countries for electricity due to the growth of their economies and population.
- Rapid urbanization in these countries is also leading to an increase in demand for electricity, as well as HV products.
- The need for reliable and efficient power transmission and distribution systems is driving investments in HV products market globally.
- Growing concerns about climate change and its impact on energy consumption are also contributing to the growth of this market segment .
Scope Of The Report
Report Attributes
Report Details
Report Title
High & Medium Voltage Products Market Research Report
By Type
Switchgear, HV Cables, Power Transformer, Gas Insulated Switchgear
By Application
Business, Industrial, Residential
By Companies
ABB, Bharat Heavy Electricals, Crompton Greaves, Eaton, General Cable, General Electric, Hitachi, Hyundai Heavy Industries, Nexans, Nkt Cables, Prysmian, Schneider Electric, Siemens
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global High & Medium Voltage Products Market Report Segments:
The global High & Medium Voltage Products market is segmented on the basis of:
Types
Switchgear, HV Cables, Power Transformer, Gas Insulated Switchgear
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Business, Industrial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Bharat Heavy Electricals
- Crompton Greaves
- Eaton
- General Cable
- General Electric
- Hitachi
- Hyundai Heavy Industries
- Nexans
- Nkt Cables
- Prysmian
- Schneider Electric
- Siemens
Highlights of The High & Medium Voltage Products Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Switchgear
- HV Cables
- Power Transformer
- Gas Insulated Switchgear
- By Application:
- Business
- Industrial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High & Medium Voltage Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High voltage products are those that have voltages above 100,000 volts. Medium voltage products have voltages between 10,000 and 100,000 volts.
Some of the major companies in the high & medium voltage products market are ABB, Bharat Heavy Electricals, Crompton Greaves, Eaton, General Cable, General Electric, Hitachi, Hyundai Heavy Industries, Nexans, Nkt Cables, Prysmian, Schneider Electric, Siemens.
The high & medium voltage products market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High & Medium Voltage Products Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High & Medium Voltage Products Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High & Medium Voltage Products Market - Supply Chain
4.5. Global High & Medium Voltage Products Market Forecast
4.5.1. High & Medium Voltage Products Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High & Medium Voltage Products Market Size (000 Units) and Y-o-Y Growth
4.5.3. High & Medium Voltage Products Market Absolute $ Opportunity
5. Global High & Medium Voltage Products Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High & Medium Voltage Products Market Size and Volume Forecast by Type
5.3.1. Switchgear
5.3.2. HV Cables
5.3.3. Power Transformer
5.3.4. Gas Insulated Switchgear
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High & Medium Voltage Products Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High & Medium Voltage Products Market Size and Volume Forecast by Application
6.3.1. Business
6.3.2. Industrial
6.3.3. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High & Medium Voltage Products Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High & Medium Voltage Products Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High & Medium Voltage Products Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High & Medium Voltage Products Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High & Medium Voltage Products Demand Share Forecast, 2019-2029
9. North America High & Medium Voltage Products Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High & Medium Voltage Products Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High & Medium Voltage Products Market Size and Volume Forecast by Application
9.4.1. Business
9.4.2. Industrial
9.4.3. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High & Medium Voltage Products Market Size and Volume Forecast by Type
9.7.1. Switchgear
9.7.2. HV Cables
9.7.3. Power Transformer
9.7.4. Gas Insulated Switchgear
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High & Medium Voltage Products Demand Share Forecast, 2019-2029
10. Latin America High & Medium Voltage Products Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High & Medium Voltage Products Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High & Medium Voltage Products Market Size and Volume Forecast by Application
10.4.1. Business
10.4.2. Industrial
10.4.3. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High & Medium Voltage Products Market Size and Volume Forecast by Type
10.7.1. Switchgear
10.7.2. HV Cables
10.7.3. Power Transformer
10.7.4. Gas Insulated Switchgear
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High & Medium Voltage Products Demand Share Forecast, 2019-2029
11. Europe High & Medium Voltage Products Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High & Medium Voltage Products Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High & Medium Voltage Products Market Size and Volume Forecast by Application
11.4.1. Business
11.4.2. Industrial
11.4.3. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High & Medium Voltage Products Market Size and Volume Forecast by Type
11.7.1. Switchgear
11.7.2. HV Cables
11.7.3. Power Transformer
11.7.. Gas Insulated Switchgear
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High & Medium Voltage Products Demand Share, 2019-2029
12. Asia Pacific High & Medium Voltage Products Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High & Medium Voltage Products Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High & Medium Voltage Products Market Size and Volume Forecast by Application
12.4.1. Business
12.4.2. Industrial
12.4.3. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High & Medium Voltage Products Market Size and Volume Forecast by Type
12.7.1. Switchgear
12.7.2. HV Cables
12.7.3. Power Transformer
12.7.4. Gas Insulated Switchgear
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High & Medium Voltage Products Demand Share, 2019-2029
13. Middle East & Africa High & Medium Voltage Products Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High & Medium Voltage Products Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High & Medium Voltage Products Market Size and Volume Forecast by Application
13.4.1. Business
13.4.2. Industrial
13.4.3. Residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High & Medium Voltage Products Market Size and Volume Forecast by Type
13.7.1. Switchgear
13.7.2. HV Cables
13.7.3. Power Transformer
13.7.4. Gas Insulated Switchgear
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High & Medium Voltage Products Demand Share, 2019-2029
14. Competition Landscape
14.1. Global High & Medium Voltage Products Market: Market Share Analysis
14.2. High & Medium Voltage Products Distributors and Customers
14.3. High & Medium Voltage Products Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bharat Heavy Electricals
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Crompton Greaves
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eaton
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. General Cable
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. General Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hitachi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hyundai Heavy Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nexans
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nkt Cables
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Prysmian
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Schneider Electric
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Siemens
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
