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 transition to green energy, the growing penetration of transmission & distribution infrastructure, and the growing need to update the transmission infrastructure are major factors driving the global high-voltage equipment market. According to the Europe 2020 strategy it aims at least 32% of energy consumption to come from renewable resources by 2030. Further, in April 2021, the US government announced a new target for the US to achieve a 50-52 percent reduction in greenhouse gas pollution by 2030. As the economies move closer to green energy transition sectors such as buildings, industry, and transportation need to be upgraded for reducing carbon emissions. Further, deployments of variable renewable energy as well as increasing numbers of electric vehicles, and other energy storage technologies require a strong power infrastructure and additional distribution and transmission capacity which in turn is anticipated to drive the global high voltage equipment market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- 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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