; High and Medium Voltage Products Market Analysis, Forecast, 2031

Top 10 High and Medium Voltage Products Market

Top 10 High & Medium Voltage Products: By High Voltage Products (power transformer, switchgear, high voltage cables & accessories and gas insulated switchgear), By Medium Voltage products (disconnect switch, ring main unit, surge protection devices, voltage regulator and medium voltage cables & accessories), And Region - Global Analysis of Market Size, Share & Trends for 2019-2020 And Forecasts to 2031

Published on: May-2023
Report Code: FG ES 01498
No. of Pages: 170-350
Report Format: PDF

Product Overview

Global Top 10 High & Medium Voltage Products to surpass USD 523 billion by 2031 from USD 236.5 billion in 2021 at a CAGR of 8.3% in the coming years, i.e., 2021-31.

Power transformers, switchgears, high voltage cable & accessories, and gas insulated switchgears are among the high voltage items. Disconnect switches, ring main units, surge protection device, voltage regulator, and medium voltage cable & accessories are among the medium voltage items. The fabrication of equipment such as distribution transformer, switchgears, and cables, among other things, is the starting point for the top 10 high voltage & medium voltage products market. The final stage addresses end-use sectors such as transmission and distribution utilities, industrial and process industries, or commercial and residential infrastructures, among others.

Market Highlights

Global Top 10 High & Medium Voltage Products market is expected to project a notable CAGR of 8.3% in 2031.

Global Top 10 High & Medium Voltage Products to surpass USD 523 billion by 2031 from USD 236.5 billion in 2021 at a CAGR of 8.3% in the coming years, i.e., 2021-31. Factors such as upgrading of existing power networks, heavy demand in renewable-energy, adoption of smart grids technology, and the rise of offshore wind farms are pushing the market worldwide.

Market Analysis of Top 10 High & Medium Voltage Products Market

Get More Information - Download Free Sample

Global Top 10 High & Medium Voltage Products: Segments

Medium voltage cables and accessories segment to grow with the highest CAGR during 2021-31

In terms of market size by kind medium voltage products are segmented into Disconnect switches, ring main units, surge protection device, voltage regulator, and medium voltage cable & accessories. The market for medium voltage cables & accessories was the largest. Government initiatives as well as policies to widen or upgrade the T and D system, particularly in emerging economies, as well as the increasing use of renewable energy sources such as wind & solar energy for energy production, are positively influencing the medium voltage cable and accessory market growth.

Switchgear segment to grow with the highest CAGR during 2021-31

In terms of market size by type of high voltage products are segmented into Power transformers, switchgears, high voltage cable & accessories, and gas insulated switchgears. Among these the switchgear market was the largest. Factors such as power plant modification and refurbishment, continuous building and economic development initiatives (industrial and commercial) around the world, combined with rising population, would need expansion in the switchgear industry.

Market Analysis of  Global Top 10 High & Medium Voltage Products Market

Get More Information - Download Free Sample

Market Dynamics

Drivers

Increasing demand of distribution infrastructure

The demand for the top 10 high voltage and medium voltage products can be directly linked to the expansion of producing, transmission, and distribution infrastructure. Growth in renewable energy generation and the upgrading of ageing power infrastructure are also driving demand for these products. On the other hand, market growth prospects include the deployment of smart grid technologies and the expansion of offshore wind farms.

Restraint

Fluctuating raw material

However, market growth may be limited by reasons like fluctuating raw material costs & increased competition from the unorganized sector.

Global Top 10 High & Medium Voltage Products:

Key Players

  • Crompton Greaves Limited,  

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

  • Eaton Corporation Plc.,
  • General Cable Corporation,
  • General Electric,
  • Hitachi Limited,
  • Hyundai Heavy Industries Co., Ltd.,
  • Nexans S.A.,
  • Nkt Cables,
  • Prysmian S.P.A,
  • Schneider Electric,
  • Toshiba Corporation
  • Other Prominent Players

Global Top 10 High & Medium Voltage Products: Regions

Global Top 10 High & Medium Voltage Products market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. For the majority of high & medium voltage products, Asia-Pacific is the main market. Increased grid investment, especially in developing economies, that focus on rural electricity production, transmission as well as distribution network expansion, large-scale industrialization, and growing urban populations, among other factors, can be attributed to the market growth of the top 10 high voltage & medium voltage products in the Asia-Pacific region. Market growth is further aided by factors such as smart grid adoption and substation automation initiatives.

Get More Information - Download Free Sample

Impact of Covid-19 on Top 10 High & Medium Voltage Products Market

COVID-19 sickness began to spread over the world in the first half of 2020, infecting millions of people globally, prompting major nations around the globe to impose foot prohibitions & work stoppage orders. Most industries, with the exception of medical supplies & life support items, have been severely hit, and the Top 10 High and Medium Voltage Products manufacturers have also been severely impacted.

Global Top 10 High & Medium Voltage Products is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Global Top 10 High & Medium Voltage Products report also contains analysis on:

Top 10 High & Medium Voltage Products Segments:

  • By High voltage products
    • High Voltage Cables and Accessories
    • Switchgear
    • Power Transformer
    • Gas Insulated Switchgear
  • By Medium Voltage products
    • Ring Main Unit
    • Disconnect Switch
    • Surge Protection Devices
    • Voltage Regulator
    • Medium Voltage Cables and Accessories
  • Top 10 High & Medium Voltage Products Dynamics
  • Top 10 High & Medium Voltage Products Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

Top 10 High & Medium Voltage Products Market Report Scope and Segmentation

Report Attribute

Details

Market size value in 2021

USD 236.5 billion

Revenue forecast in 2031

USD 523 billion

Growth Rate

CAGR of 8.3% from 2021 to 2031

Base year for estimation

2020

Quantitative units

Revenue in USD million and CAGR from 2021 to 2031

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Medium voltage products, High voltage products and Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

Key companies profiled

Crompton Greaves Limited, Eaton Corporation Plc., General Cable Corporation, General Electric, Hitachi Limited, Hyundai Heavy Industries Co., Ltd., Nexans S.A., Nkt Cables, Prysmian S.P.A, Schneider Electric, Toshiba Corporation and Other Prominent Players.

 

 

Frequently Asked Questions (FAQ):

Top 10 High & Medium Voltage Products market size was estimated at USD 236.5 billion in 2021 and is expected to reach USD 523 billion in 2031.

Top 10 High & Medium Voltage Products consist of Power transformers, switchgears, high voltage cable & accessories, and gas insulated switchgears are among the high voltage items. Disconnect switches, ring main units, surge protection device, voltage regulator, and medium voltage cable & accessories are among the medium voltage items.

Medium voltage cables and accessories and Switchgear segment accounted for the largest Top 10 High & Medium Voltage Products market share.

Key players: Crompton Greaves Limited, Eaton Corporation Plc., General Cable Corporation, General Electric, Hitachi Limited, Hyundai Heavy Industries Co., Ltd., Nexans S.A., Nkt Cables, Prysmian S.P.A, Schneider Electric, Toshiba Corporation are the key players in the Top 10 High & Medium Voltage Products market.

Improvement of existing power networks, rising investments in renewable power, adoption of smart grids technology, and the rise of offshore wind farms are the primary factors driving the growth of industry.

Select License Type

$3199

Report accessible by 1 user only

In case you require a hard copy, there will be an additional charge of $500. Please email us at info@fatposglobal.com with your request

Call us

Research Assistance

US : +1 (716) 218-3733
UK : +44 (208) 1235555



Select License Type

$3199

Report accessible by 1 user only

Sample Request

Client Testimonials

FATPOS CLIENT Appriciation DURING THE PROJECT

Clients