According to Publisher, the Global High Voltage Equipment Market is accounted for $76.87 billion in 2015 and is expected to reach $136.75 billion by 2022 growing at a CAGR of 8.5% during the forecast period. The major factors favouring the market growth include smart grid rollouts, modernize transmission network, growing industrialization & urbanization, growing electricity demand and increasing investments for renewable energy sources in the emerging economies. Low quality and cheap products from local players are restraining the market growth.
Asia Pacific accounted for largest market share in global high voltage equipment market. The rising investments for T&D network in countries such as Japan, China and India act as key factor for the market growth. China is emerged as the single fastest growing market with more than 15% of share in global market and Japan, Australia, India are also the promising markets for high voltage equipment in this region.
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Some of the key players in High Voltage Equipment market include Hitachi Ltd., Bharat Heavy Electricals Limited, Siemens AG, Toshiba, ABB Ltd., General Electric Company, Alstom SA, Mitsubishi Electric Corporation, Fuji Electric, NR Electric Co., Ltd., Crompton Greaves Ltd., Tebian Electric Apparatus and Larsen & Toubro Limited.
Voltage levels Covered:
- High Voltage (HV)-Up to 200kv
- High Voltage Direct Current (HVDC) – 200 to 800kv
- Extra High Voltage Equipment (EHV) 500kv
- Ultra High Voltage (UHV) 800kv & Above
Equipment Types Covered:
- Reactive Power Equipment
- Instrument Transformer
- Power Transformer
- Earthing Material
- Control Equipment
- Battery Set
- Carrier Cabinet
- Communication Equipment
- Relay Panel
- Other Equipment Types
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- North America
o Rest of Europe
- Asia Pacific
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o South Africa
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