Global High Voltage Equipment Market Growth 2023-2029

Global High Voltage Equipment Market Growth 2023-2029

High voltage equipment becomes the integral part of the transmission and distribution network. Power transmission includes equipment such as transformers and reactive compensation, breaker, protection and control and communication equipment and others. Continuously growing energy demand will continue to be the central market driver for transmission equipment.

LPI (LP Information)' newest research report, the “High Voltage Equipment Industry Forecast” looks at past sales and reviews total world High Voltage Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected High Voltage Equipment sales for 2023 through 2029. With High Voltage Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High Voltage Equipment industry.

This Insight Report provides a comprehensive analysis of the global High Voltage Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on High Voltage Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global High Voltage Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High Voltage Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global High Voltage Equipment.

The global High Voltage Equipment market size is projected to grow from US$ 84260 million in 2022 to US$ 112790 million in 2029; it is expected to grow at a CAGR of 112790 from 2023 to 2029.

Continuous demand for electricity in highly populated countries such as India and China has improved the development of power T&D equipment. The length of the installed T&D lines over the next five years is likely to be the highest in Asia-Pacific among all regions. Moreover, the T&D expenditure in Asia-Pacific is also the highest. High voltage equipment is extensively used by utilities companies. North America and Europe currently have market for grid modernization and replacement of old installations. Along with the capacity enhancement trending world-wide, the investments in the offshore wind farms are expected to drive the market

This report presents a comprehensive overview, market shares, and growth opportunities of High Voltage Equipment market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Switchgear
Transformer
Reactive Power Equipment
Relay Panel
SCADA
Others

Segmentation by application
Power Transmission
Power Distribution

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
General Electric
Siemens
ABB
Larsen & Toubro
Mitsubishi Electric
Hitachi
Fuji Electric
Crompton Greaves
Toshiba
Tebian Electric Apparatus
Bharat

Key Questions Addressed in this Report

What is the 10-year outlook for the global High Voltage Equipment market?

What factors are driving High Voltage Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do High Voltage Equipment market opportunities vary by end market size?

How does High Voltage Equipment break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.