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MarketResearch.biz delivers in-depth insights on the global high voltage equipment market in its upcoming report titled, “Global High Voltage Equipment Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global high voltage equipment market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global high voltage equipment market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global high voltage equipment market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global high voltage equipment market report has been segmented on the basis of equipment, region.
Equipment that carry high voltage electricity supply are known as high voltage equipment. This equipment preferable used in electronic devices which require high electricity voltage supply. High voltage equipment also used in transmission and distribution network, and they help to avoid damage at certain level, where electricity voltage is high.
Industrial development, coupled with implementation of smart grid in developed and developing countries is a major factor driving growth of the global high voltage equipment market. In addition, rising need for electricity from industrial sector and upgradation of transmission network infrastructure are other factors expected to drive growth of the global high voltage equipment market.
However, high cost of high voltage equipment is a major factor challenging growth of the global high voltage transmission market.
Technological advancement such as development of ultra-high-voltage power transmission equipment is expected to present new opportunities to market player operating in the global high voltage equipment market over the forecast period.
North America market accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to presence of leading manufacturers of switches, power transformers, instrument transformer, and high penetration and adoption rate for high voltage equipment in the region. Europe market accounts for the second largest revenue share contribution to the global high voltage equipment market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to have the fastest growth in terms of revenue, owing to increase in number infrastructure activities related to smart grid and electric distribution in emerging economies in this region.
Global High Voltage Equipment Market Segmentation:
Global high voltage equipment market segmentation, by equipment:
- Power Transformer
- Instrument Transformer
- Reactive Power Equipment
Global high voltage equipment market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Hitachi Ltd.
- Bharat Heavy Electricals Limited
- Siemens AG
- ABB Ltd.
- General Electric Company
- Alstom SA
- Mitsubishi Electric Corporation
- Fuji Electric
- NR Electric Co., Ltd.
- Crompton Greaves Ltd.
- Tebian Electric Apparatus
- Larsen & Toubro Limited
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