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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