High Voltage Equipment Market Growth Probability, Leading Vendors and Future Scenario By 2024-2031


Posted September 2, 2024 by Tan8121

High-voltage equipment market is anticipated to grow at a CAGR of 6.4% during the forecast period.

 
High-voltage equipment market is anticipated to grow at a CAGR of 6.4% during the forecast period. High-voltage equipment typically includes power transformers, switchgear, control equipment, communication devices, insulators, and so on. When electricity is transmitted over long distances, there are inherent energy losses along the way. High voltage transmission reduces the amount of power lost as electricity flows from one location to another. Further, high-voltage equipment has applications for research purposes in labs, the particle accelerator in nuclear labs, medical devices, and industrial equipment for instance, high-voltage resistors are used for medical equipment such as X-Ray and High voltage potential treatment, PET, CT scans (X-Ray), Roentgen X-Ray (Examination for baggage, Dentist) and others.

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The global high-voltage equipment market is segmented based on the equipment and voltage level. Based on the equipment, the market is sub-segmented into switches, power transformer, instrument transformers, reactive power equipment, insulator, control equipment, relay panel, carrier cabinet, communication equipment, SCADA, earthing material, and battery set. Based on the voltage level, the market is sub-segmented into 4 UHV (800 kV and above), EHV (200 kV and above, HVDC (500 kV DC), and HV (66 kV to 200 kV).

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global High Voltage Equipment Market by Equipment

Switches
Power Transformer
Instrument Transformer
Reactive Power Equipment
Insulator
Control Equipment
Relay Panel
Carrier Cabinet
Communication Equipment
SCADA
Earthing Material
Battery Set

Global High Voltage Equipment Market by Voltage Level

4 UHV-Ultra high voltage ( 800 kV and Above)
EHV (Extra-High Voltage) (200 KV and above)
HVDC (High-Voltage Direct Current) (500 kV DC)
HV (High Voltage) (66 kV to 200 kV)

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World

Company Profiles 

ABB Ltd.
Alstom SA
ATB Schorch GmbH
Bharat Heavy Electricals Ltd.
Crompton Greaves Ltd.
Delta Electronics, Inc.
Encore Wire Corp.
Finolex Cables Ltd
Firma EBEHAKO GmbH
Fuji Electric
HV TECHNOLOGIES, Inc.
Larsen & Toubro Ltd.
Meidensha Corp.
Nexans
NKT A/S
NR Electric Co., Ltd.
Powell Industries, Inc.
Siemens AG
Tebian Electric Apparatus
Wisman High Voltage Power Supply Corp.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global high voltage equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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Last Updated September 2, 2024