The high voltage equipment market size is estimated to reach US$ 126.1 billion in 2024. From 2024 to 2034, the market is expected to progress at a strong clip, registering a CAGR of 7.8%. By 2034, the market is anticipated to surpass a value of US$ 268.0 billion.
Attributes | Details |
---|---|
High Voltage Equipment Market Value for 2024 | US$ 126.1 billion |
Projected Market Value for 2034 | US$ 268.0 billion |
Value-based CAGR of Market for 2024 to 2034 | 7.8% |
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The circuit breaker is the equipment most commonly used when it comes to high voltage applications. A voltage level of up to 200kV is sufficient for most equipment.
Attributes | Details |
---|---|
Top Equipment Type | Circuit Breakers |
Forecasted CAGR (2024 to 2034) | 7.5% |
Circuit breakers are expected to advance at a CAGR of 7.5% over the forecast period. Some of the factors influencing the progress of circuit breakers are:
Attributes | Details |
---|---|
Top Voltage Level | HV-Up to 200kV Voltage |
Forecasted CAGR (2024 to 2034) | 7.3% |
HV equipment with voltage levels up to 200kV is expected to progress at a CAGR of 7.3% through the forecast period. Some of the reasons for the progress of HV equipment up to 200kV are:
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Efforts in the Asia Pacific to supply electricity to remote areas have paid off with the help of high voltage equipment. The need for high voltage equipment is also felt in the diverse industrial landscape of the region. With trends towards reduced usage of oil, Europe is a lucrative region for the market. With increased investment in renewable energy, the market has bright prospects in the region.
Countries | CAGR (2024 to 2034) |
---|---|
United States | 7.6% |
United Kingdom | 6.4% |
China | 9.7% |
Japan | 9.0% |
South Korea | 5.3% |
The CAGR of the market for the forecast period in South Korea is anticipated to be 5.3%. Some of the factors influencing solid growth are:
The high voltage equipment market is expected to register a CAGR of 9.0% in Japan over the forecast period. Some of the factors leading to the growth of the market in Japan are:
The market is expected to showcase a CAGR of 9.7% in China. Some of the factors responsible for the growth of the market are:
The high voltage equipment market is expected to progress at a CAGR of 6.4% in the United Kingdom. Some factors influencing the progress are:
The market is expected to register a CAGR of 7.6% in the United States. Some factors influencing the growth of the market in the country are:
The market is highly fragmented. The diverse nature of high voltage equipment means small-scale market players can concentrate on their own niche and develop demand. Market players are also demonstrating collaborative strategies, whether with other equipment manufacturers or with companies in the power sector. Partnerships are helping stagnant market players receive a jolt of inspiration in developing demand.
Recent Developments in the High Voltage Equipment Market
The size of the high voltage equipment market is estimated to be US$ 126.1 billion in 2024.
The market is expected to increase at a CAGR of 7.8% during the forecast period.
The high voltage equipment market is expected to register a CAGR of 7.6% in the United States from 2024 to 2034.
The high voltage equipment market is forecasted to surpass US$ 268.0 billion by 2034.
The use of high voltage equipment for the distribution of renewable energy and leveraging the equipment to disperse electricity in remote areas are two key trends in the industry.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Equipment Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Equipment Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Equipment Type, 2024 to 2034
5.3.1. Circuit Breaker
5.3.2. Disconnector
5.3.3. Insulator
5.3.4. Switchgear
5.3.5. Surge Arrester
5.3.6. Battery Set
5.3.7. Capacitors and Filters
5.3.8. Control Equipment
5.3.9. Switches
5.3.10. Others
5.4. Y-o-Y Growth Trend Analysis By Equipment Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Equipment Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Voltage Level
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Voltage Level, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Voltage Level, 2024 to 2034
6.3.1. HV-Up to 200kV Voltage
6.3.2. EHV-200 to 800kV Voltage
6.3.3. HVDC-500kV Voltage
6.3.4. UHV-800kV & Above
6.4. Y-o-Y Growth Trend Analysis By Voltage Level, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Voltage Level, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Equipment Type
8.2.3. By Voltage Level
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Equipment Type
8.3.3. By Voltage Level
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Equipment Type
9.2.3. By Voltage Level
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Equipment Type
9.3.3. By Voltage Level
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Equipment Type
10.2.3. By Voltage Level
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Equipment Type
10.3.3. By Voltage Level
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Equipment Type
11.2.3. By Voltage Level
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Equipment Type
11.3.3. By Voltage Level
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Equipment Type
12.2.3. By Voltage Level
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Equipment Type
12.3.3. By Voltage Level
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Equipment Type
13.2.3. By Voltage Level
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Equipment Type
13.3.3. By Voltage Level
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Equipment Type
14.2.3. By Voltage Level
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Equipment Type
14.3.3. By Voltage Level
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Equipment Type
15.1.2.2. By Voltage Level
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Equipment Type
15.2.2.2. By Voltage Level
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Equipment Type
15.3.2.2. By Voltage Level
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Equipment Type
15.4.2.2. By Voltage Level
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Equipment Type
15.5.2.2. By Voltage Level
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Equipment Type
15.6.2.2. By Voltage Level
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Equipment Type
15.7.2.2. By Voltage Level
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Equipment Type
15.8.2.2. By Voltage Level
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Equipment Type
15.9.2.2. By Voltage Level
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Equipment Type
15.10.2.2. By Voltage Level
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Equipment Type
15.11.2.2. By Voltage Level
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Equipment Type
15.12.2.2. By Voltage Level
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Equipment Type
15.13.2.2. By Voltage Level
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Equipment Type
15.14.2.2. By Voltage Level
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Equipment Type
15.15.2.2. By Voltage Level
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Equipment Type
15.16.2.2. By Voltage Level
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Equipment Type
15.17.2.2. By Voltage Level
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Equipment Type
15.18.2.2. By Voltage Level
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Equipment Type
15.19.2.2. By Voltage Level
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Equipment Type
15.20.2.2. By Voltage Level
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Equipment Type
15.21.2.2. By Voltage Level
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Equipment Type
15.22.2.2. By Voltage Level
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Equipment Type
15.23.2.2. By Voltage Level
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Equipment Type
16.3.3. By Voltage Level
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. ABB Ltd.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Siemens AG
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Larsen & Toubro Limited
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. General Electric Company
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Honeywell InternationalInc.
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Rockwell Automation Inc.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Emerson Electric Co.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Mitsubishi Electric Corporation
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Toshiba Corporation
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Hitachi Ltd.
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
17.1.11. Schneider Electric SE
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.11.5.2. Product Strategy
17.1.11.5.3. Channel Strategy
17.1.12. Alstom SA
17.1.12.1. Overview
17.1.12.2. Product Portfolio
17.1.12.3. Profitability by Market Segments
17.1.12.4. Sales Footprint
17.1.12.5. Strategy Overview
17.1.12.5.1. Marketing Strategy
17.1.12.5.2. Product Strategy
17.1.12.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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