High Voltage Equipment Market Size, Share, Trends, and Forecast 2018 - 2026

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.

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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

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.

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

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