Market Overview:
The global high voltage equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electricity and rising investments in power infrastructure across the globe. The global high voltage equipment market is segmented by type, application, and region. By type, the market is divided into switchgear, transformer, reactive power equipment, relay panel, SCADA system and others. The switchgear segment accounted for the largest share of the global high voltage equipment market in 2017 and is projected to grow at a CAGR of 5% from 2018 to 2030. This growth can be attributed to increasing investments in transmission & distribution networks across developing countries such as India and China. By application, the market is divided into power transmission and power distribution segments. The power transmission segment accounted for majority share of the global high voltage equipments Market In 2017 And Is Projected To Grow At A Cagr Of 6 % From 2018 To 2030 due To Increasing Demand For Electricity Globally .
Product Definition:
High voltage equipment is any device or system that operates at a high voltage. These devices are used to transmit or distribute electricity, and they are important for ensuring the safety of people and property.
Switchgear:
Electricity generation and distribution systems are prone to damages due to several reasons such as weather changes, equipment failures, etc. To overcome these problems switchgear is used. Switchgear is a protective device that helps in maintaining the flow of electricity in case of any problem with the system. It does not provide electrical power; instead it provides an alternate path for current flow through it in case of a breakdown or fault within an electric circuit.
Transformer:
A transformer is an electrical device that converts low voltage electricity into high voltage electricity and vice versa. It can be defined as a combination of two or more circuits, which convert electrical energy from one circuit to another. The primary function of transformers is to step up (increase) or step down (decrease) the voltage levels before distributing it to the next device in its circuit.
Application Insights:
High voltage equipment is used in power transmission for the distribution of electrical energy from a generating station to consumer locations. The application segment includes power distribution and it contributes to over 40% of overall revenue share. Transmission and distribution are two major applications that comprise the power transmission segment.
Power lines are laid on high tension lines which require HV equipment for protection against lightning, high voltage breakdowns, and other accidents caused by human or mechanical error.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing investments in transmission and distribution infrastructure development, coupled with rising demand for electricity from emerging economies including China and India. In addition, growing industrialization in these countries will drive the market further.
Europe was estimated as the second-largest regional market in 2017 owing to high voltage switchgear manufacturing capacity of nearly 1,400 GW per annum across Germany, France and Russia. However, stringent regulatory policies regarding carbon emissions are projected to hamper industry growth over the next eight years due to a decline in power generation activities which is anticipatedto reduce product demand by about 4% annually from 2018 until 2030 compared with Asia Pacific's decline of 3%.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Stringent government regulations for safety of electrical equipment
- Technological advancements in high voltage equipment manufacturing
- Rising awareness about the benefits of using high voltage equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
High Voltage Equipment Market Research Report
By Type
Switchgear, Transformer, Reactive Power Equipment, Relay Panel, SCADA, Others
By Application
Power Transmission, Power Distribution
By Companies
General Electric, Siemens, ABB, Larsen & Toubro, Mitsubishi Electric, Hitachi, Fuji Electric, Crompton Greaves, Toshiba, Tebian Electric Apparatus, Bharat
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global High Voltage Equipment Market Report Segments:
The global High Voltage Equipment market is segmented on the basis of:
Types
Switchgear, Transformer, Reactive Power Equipment, Relay Panel, SCADA, Others
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
Power Transmission, Power Distribution
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:
- General Electric
- Siemens
- ABB
- Larsen & Toubro
- Mitsubishi Electric
- Hitachi
- Fuji Electric
- Crompton Greaves
- Toshiba
- Tebian Electric Apparatus
- Bharat
Highlights of The High Voltage Equipment 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
- Transformer
- Reactive Power Equipment
- Relay Panel
- SCADA
- Others
- By Application:
- Power Transmission
- Power Distribution
- 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 Voltage Equipment 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 equipment is any piece of equipment that uses voltages above 100,000 volts. This includes everything from power plants to medical devices.
Some of the major companies in the high voltage equipment market are General Electric, Siemens, ABB, Larsen & Toubro, Mitsubishi Electric, Hitachi, Fuji Electric, Crompton Greaves, Toshiba, Tebian Electric Apparatus, Bharat.
The high voltage equipment 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 Voltage Equipment 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 Voltage Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Voltage Equipment Market - Supply Chain
4.5. Global High Voltage Equipment Market Forecast
4.5.1. High Voltage Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Voltage Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Voltage Equipment Market Absolute $ Opportunity
5. Global High Voltage Equipment 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 Voltage Equipment Market Size and Volume Forecast by Type
5.3.1. Switchgear
5.3.2. Transformer
5.3.3. Reactive Power Equipment
5.3.4. Relay Panel
5.3.5. SCADA
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Voltage Equipment 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 Voltage Equipment Market Size and Volume Forecast by Application
6.3.1. Power Transmission
6.3.2. Power Distribution
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Voltage Equipment 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 Voltage Equipment 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 Voltage Equipment 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 Voltage Equipment 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 Voltage Equipment Demand Share Forecast, 2019-2026
9. North America High Voltage Equipment 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 Voltage Equipment 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 Voltage Equipment Market Size and Volume Forecast by Application
9.4.1. Power Transmission
9.4.2. Power Distribution
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Voltage Equipment Market Size and Volume Forecast by Type
9.7.1. Switchgear
9.7.2. Transformer
9.7.3. Reactive Power Equipment
9.7.4. Relay Panel
9.7.5. SCADA
9.7.6. Others
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 Voltage Equipment Demand Share Forecast, 2019-2026
10. Latin America High Voltage Equipment 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 Voltage Equipment 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 Voltage Equipment Market Size and Volume Forecast by Application
10.4.1. Power Transmission
10.4.2. Power Distribution
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Voltage Equipment Market Size and Volume Forecast by Type
10.7.1. Switchgear
10.7.2. Transformer
10.7.3. Reactive Power Equipment
10.7.4. Relay Panel
10.7.5. SCADA
10.7.6. Others
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 Voltage Equipment Demand Share Forecast, 2019-2026
11. Europe High Voltage Equipment 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 Voltage Equipment 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 Voltage Equipment Market Size and Volume Forecast by Application
11.4.1. Power Transmission
11.4.2. Power Distribution
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Voltage Equipment Market Size and Volume Forecast by Type
11.7.1. Switchgear
11.7.2. Transformer
11.7.3. Reactive Power Equipment
11.7.4. Relay Panel
11.7.5. SCADA
11.7.6. Others
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 Voltage Equipment Demand Share, 2019-2026
12. Asia Pacific High Voltage Equipment 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 Voltage Equipment 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 Voltage Equipment Market Size and Volume Forecast by Application
12.4.1. Power Transmission
12.4.2. Power Distribution
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Voltage Equipment Market Size and Volume Forecast by Type
12.7.1. Switchgear
12.7.2. Transformer
12.7.3. Reactive Power Equipment
12.7.4. Relay Panel
12.7.5. SCADA
12.7.6. Others
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 Voltage Equipment Demand Share, 2019-2026
13. Middle East & Africa High Voltage Equipment 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 Voltage Equipment 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 Voltage Equipment Market Size and Volume Forecast by Application
13.4.1. Power Transmission
13.4.2. Power Distribution
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Voltage Equipment Market Size and Volume Forecast by Type
13.7.1. Switchgear
13.7.2. Transformer
13.7.3. Reactive Power Equipment
13.7.4. Relay Panel
13.7.5. SCADA
13.7.6. Others
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 Voltage Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Voltage Equipment Market: Market Share Analysis
14.2. High Voltage Equipment Distributors and Customers
14.3. High Voltage Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ABB
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Larsen & Toubro
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mitsubishi Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hitachi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fuji Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Crompton Greaves
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Toshiba
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tebian Electric Apparatus
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bharat
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
