High Voltage Equipment Market Report, by Equipment Type (Circuit Breaker, Disconnector, Insulator, Switchgear, Surge Arrester, Battery Set, Capacitors and Filters, Control Equipment, Switches, and Others), by Voltage Level (HV-Up to 200kV Voltage, EHV-200 to 800kV Voltage, HVDC-500kV Voltage, and UHV-800kV & Above), and by Region (North America, Europe, Asia Pacific, Latin America, South Africa, and Rest of World) - Size, Share, Trends, and Forecast 2018 - 2026

  • Published On : Jul 2019 |
  • Pages : 176 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global High Voltage Equipment Market - Insights

High voltage equipment market study analyzes switchgear, switches, surge arrester, battery sets, disconnector, circuit breaker, insulator, capacitor & filters control equipment, and other equipment prospects. According to Coherent Market Insights, the others segment that includes transformers and other equipment accounted for the largest share in 2018, followed by the switchgear segment.

Global high voltage equipment market was valued at US$ 92,671.3 Mn in 2018, and is expected to exhibit a CAGR of 7.4% over the forecast period to reach US$ 175,696.7 Mn in 2027. In terms of volume, high voltage equipment market was pegged at 1,126,697.0 thousand units in 2018, and is expected to reach 1,746,574.4 thousand units in 2027, exhibiting a CAGR of 5.0% over the forecast period. Asia Pacific accounted for 37.1% revenue share in the global high voltage equipment market in 2018. Increasing demand for high voltage equipment in power transmission and distribution is driving growth of the market. The global high voltage equipment market is fragmented. The players compete based on technological advancements in their products for various applications under different environments.

Figure. Global High Voltage Equipment Market Share, By Voltage Level, 2017 (US$ Mn & 000’ Units)

Source: Coherent Market Insights, 2018-19

In terms of revenue, Asia Pacific high voltage equipment market accounted for the largest share of 37.1% in 2018, followed by Europe. As most of the European countries focus on high energy independence and a shift towards a less oil intensive sector, the region contributed 24.8% revenue share in the global high voltage equipment market in 2018. The electrical and electronics industry in Europe is focused on increasing investments in production automation and transition to new production processes thus increasing demand for robotics, integrated assembly solutions (IAS), which is fueling growth of the high voltage equipment market in Europe. European transmission and distribution companies design, manufacture, and install high- and medium-voltage products to transmit and distribute electricity from generation to the end user worldwide. Major companies in Europe are focused on acquiring contracts to enhance their market share. For instance, in 2009, Areva T&D received a contract from Rajasthan Rajya Vidyut Prasaran Nigam Ltd. to design and build a 765 kV turnkey substation including extra high voltage transformers and reactors at Anta near Kota, India. This contract also included a long term maintenance for the substation. Germany is the major revenue contributor in Europe high voltage equipment market. In 2018, Germany accounted for 27% share of Europe high voltage equipment market.

Figure. Global High Voltage Equipment Market Share, By Region, 2017 & 2027 (%)

Source: Coherent Market Insights, 2018-19

The control equipment segment is expected to exhibit the highest growth rate during the forecast period

The control equipment segment generated revenue of US$ 6,795.0Mn in 2017. By 2027, the segment is projected to reach US$ 15,526.5Mn with a CAGR of 8.9% over the forecast period.

In terms of volume, the control equipment segment was pegged at 9,411.8 thousand units in 2017. By 2027, the segment is projected to reach 16,511.2 thousand units with a CAGR of 6.4% over the forecast period. An electronic device designed to maintain voltage level of a power source is known as a control equipment. The device plays a significant role in energy conservation. The factors that propel growth of this segment include, increasing demand for high voltage equipment due to rapid urbanization & industrialization, and technological advancements. The features of control equipment such as ease of use, compact size, low cost, and lesser noise drive their demand. Moreover, with the advancements in technology, the application of control equipment is increasing in communication technology, consumer electronics, and automobile industries, subsequently increasing demand for control equipment in these industries.

Major chip producing companies are focused on developing a generation of smaller control equipment to ensure optimum power supply while reducing the size of the chip for computers and other consumer electronic devices. Furthermore, such compact size control equipment can be used in devices such as battery-operated automotive electronics, portable electronics, solar and wind-power systems, and wireless communications to ensure optimal functionality.

Moreover, export of electricity to Europe, as proposed by the DESERTEC consortium, is expected to increase development of renewable electricity in North Africa. Such initiatives have resulted in usage of 100GW (gigawatt) of renewable capacity that produce 400TWh (terawatt hour) of electricity for export to Europe, which in turn is fueling demand for high voltage equipment in North Africa.

Economic growth in Saudi Arabia across various sectors such as power, infrastructure, and petrochemicals is increasing demand for high voltage equipment. Rapid infrastructure development requires high power in terms of T&D (Transmission and Distribution), which subsequently fuels the high voltage equipment market growth. Middle East accounted for the highest share i.e. XX% in rest of the world high voltage equipment market.

Global High voltage Equipment Market: Key Players

Major players operating in the global high voltage equipment industry include, ABB Ltd., Siemens AG, Larsen & Toubro Limited, General Electric Company, Honeywell International, Inc., Rockwell Automation, Inc., Emerson Electric Co., Mitsubishi Electric Corporation, Toshiba Corporation, Hitachi Ltd., Schneider Electric SE, Alstom SA, and Fuji Electric.

Equipment that are capable of carrying high voltage current are known as high voltage equipment. Increasing demand for high voltage equipment in power transmission and distribution is driving growth of the high voltage equipment market. Moreover, high demand for electricity from emerging economies such as China and India, which leads to increasing power generation and distribution is also expected to boost the market growth. Asia Pacific is expected to be the fastest growing market in high voltage equipment market. Increasing demand for switchgears and transformers is the key factor propelling growth of the high voltage equipment market.

Market Drivers: Increasing Development of Transmission and Distribution (T&D) Networks

High voltage equipment include power transformers, switchgears, control equipment, communicating devices, and insulators. All the mentioned equipment are preferably used in electronics devices and require high voltage electricity supply. Increasing demand for electricity in highly populated countries such as India and China has generated need for augmenting the power generation capacity, which is required to be transmitted by new and upgraded power transmission and distribution networks. Continuous infrastructure investments in power transmission and distribution equipment in developed and emerging regions is expected to augment demand for high voltage equipment. Furthermore, increasing demand for uninterrupted electricity supply in industrial sectors is expected to lead to high demand for high voltage equipment

For Instance,

  • Fuji Electric Co. offers extra high voltage oil-immersed transformers for transmitting power to a long distance without any transmission loss
  • In February 2018, General Electric Company signed a US$ 320 million contract through its joint venture Korea Electric Power Corporation to build an highway, which is based on the concept of High Voltage Direct Current, to power South Korea’s Seoul City

Key features of the study:

  • This report provides in-depth analysis of the high voltage equipment market size (US$ Mn), and compound annual growth rate (CAGR %) for the forecast period (2019– 2027), considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global high voltage equipment market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, strategies, and future plans
  • Companies covered as part of this study include ABB Ltd., Siemens AG, Larsen & Toubro Limited, General Electric Company, Honeywell International, Inc., Rockwell Automation, Inc., Emerson Electric Co., Mitsubishi Electric Corporation, Toshiba Corporation, Hitachi Ltd., Schneider Electric SE, Alstom SA, and Fuji Electric.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global high voltage equipment market report caters to various stakeholders in the industry, including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global high voltage equipment market

Detailed Segmentation:

  • Global High voltage equipment Market, By Equipment Type:
    • Circuit Breaker
    • Disconnector
    • Insulator
    • Switchgear
    • Surge Arrester
    • Battery Set
    • Capacitors and Filters
    • Control Equipment
    • Switches
    • Others
  • Global High voltage equipment Market, By Voltage Level:
    • HV-Up to 200kV Voltage
    • EHV-200 to 800kV Voltage
    • HVDC-500kV Voltage
    • UHV-800kV & Above
  • Global High voltage equipment Market, By Region:
    • North America
      • By Equipment Type:
        • Circuit Breaker
        • Disconnector
        • Insulator
        • Switchgear
        • Surge Arrester
        • Battery Set
        • Capacitors and Filters
        • Control Equipment
        • Switches
        • Others
      • By Voltage Level:
        • Monitoring
        • HV-Up to 200kV Voltage
        • EHV-200 to 800kV Voltage
        • HVDC-500kV Voltage
        • UHV-800kV & Above
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Equipment Type:
        • Circuit Breaker
        • Disconnector
        • Insulator
        • Switchgear
        • Surge Arrester
        • Battery Set
        • Capacitors and Filters
        • Control Equipment
        • Switches
        • Others
      • By Voltage Level:
        • Monitoring
        • HV-Up to 200kV Voltage
        • EHV-200 to 800kV Voltage
        • HVDC-500kV Voltage
        • UHV-800kV & Above
      • By Country:
        • Germany
        • Italy
        • France
        • Spain
        • CIS
        • Rest of Europe
    • Asia Pacific
      • By Equipment Type:
        • Circuit Breaker
        • Disconnector
        • Insulator
        • Switchgear
        • Surge Arrester
        • Battery Set
        • Capacitors and Filters
        • Control Equipment
        • Switches
        • Others
      • By Voltage Level:
        • Monitoring
        • HV-Up to 200kV Voltage
        • EHV-200 to 800kV Voltage
        • HVDC-500kV Voltage
        • UHV-800kV & Above
      • By Country:
        • China
        • India
        • Japan
        • Southeast Asia
        • South Korea
        • Rest of Asia Pacific
    • South Africa
      • By Equipment Type:
        • Circuit Breaker
        • Disconnector
        • Insulator
        • Switchgear
        • Surge Arrester
        • Battery Set
        • Capacitors and Filters
        • Control Equipment
        • Switches
        • Others
      • By Voltage Level:
        • Monitoring
        • HV-Up to 200kV Voltage
        • EHV-200 to 800kV Voltage
        • HVDC-500kV Voltage
        • UHV-800kV & Above
    • Rest of the World
      • By Equipment Type:
        • Circuit Breaker
        • Disconnector
        • Insulator
        • Switchgear
        • Surge Arrester
        • Battery Set
        • Capacitors and Filters
        • Control Equipment
        • Switches
        • Others
      • By Voltage Level:
        • Monitoring
        • HV-Up to 200kV Voltage
        • EHV-200 to 800kV Voltage
        • HVDC-500kV Voltage
        • UHV-800kV & Above
      • By Sub-region:
        • Northern Africa
        • Middle East
        • Rest of Region
  • Company Profiles
    • ABB Ltd*
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Market Presence
      • Strategic Presence
    • Siemens AG
    • Larsen & Toubro Limited
    • General Electric Company
    • Honeywell International, Inc.
    • Rockwell Automation, Inc.
    • Emerson Electric Co.
    • Mitsubishi Electric Corporation
    • Toshiba corporation
    • Hitachi Ltd.
    • Schneider Electric SE
    • Alstom SA
    • Fuji Electric

*Similar pointers are applicable to all listed companies

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Equipment Type
      • Market Snippet, By Voltage Level
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Impact Analysis
    • Mergers & Acquisition
    • Key Trends
    • New Product Approvals/Launch
    • Porter’s Five Forces Analysis
    • Value Chain Analysis
  4. Global High Voltage Equipment Market, By Equipment Type, 2017-2027 (US$ Mn)
    • Introduction
    • Segment Trends
      • Circuit Breaker
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Disconnector
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Insulator
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Switchgear
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Surge Arrester
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Battery Set
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Capacitor and Filter
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Control Equipment
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Switches
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Others
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
  5. Global High Voltage Equipment Market, By Voltage Level, 2017-2027  (US$ Mn)
    • Introduction
    • Segment Trends
      • HV-Up to 200kV Voltage
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • EHV-200 to 800kV Voltage
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • HVDC-500kV Voltage
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • UHV-800kV & Above
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
  6. Global High Voltage Equipment Market, By Region, 2017-2027 (US$ Mn)
    • Introduction
    • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Equipment Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Voltage Level, 2017-2027 (US$ Mn)
      • Market Share Analysis, By Country, 2017–2027 (%)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Equipment Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Voltage Level, 2017-2027 (US$ Mn)
      • Market Share Analysis, By Country, 2017 and 2027 (%)
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Equipment Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Voltage Level, 2017-2027 (US$ Mn)
      • Market Share Analysis, By Country, 2017 and 2027 (%)
        • China
        • Japan
        • South Korea
        • India
        • Australia
        • Rest of Asia Pacific
    • South Africa
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Equipment Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Voltage Level, 2017-2027 (US$ Mn)
    • Rest of the World
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Equipment Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Voltage Level, 2017-2027 (US$ Mn)
      • Market Share Analysis, By Country, 2017 and 2027 (%)
        • Northern Africa
        • Middle East
        • Rest of the Region
  7. Competitive Landscape
    • Market Share Analysis by Region, 2018
      • North America
      • Europe
      • Asia Pacific
      • South America
      • South Africa
      • Rest of Africa
    • Market Player Positioning, 2018
    • Chessboard Mapping on Technical Product by Region
      • North America
      • Europe
      • Asia Pacific
      • South America
      • South Africa
      • Rest of World
    • Company Profiles
      • ABB Ltd.*
        • Company Highlights
        • Product Portfolio
        • Pricing Analysis
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans/Strategic Overview
        • SWOT Analysis
      • Siemens AG
      • Larsen & Toubro Limited
      • General Electric Company
      • Honeywell International, Inc.
      • Rockwell Automation, Inc.
      • Emerson Electric Co.
      • Mitsubishi Electric Corporation
      • Toshiba Corporation
      • Hitachi Ltd.
      • Schneider Electric SE
      • Alstom SA
      • Fuji Electric
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 80 market data tables and 50 figures on "High Voltage Equipment Market - Global forecast to 2027”.

 

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.