Share
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
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.
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.
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.
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.
Fluctuating raw material
However, market growth may be limited by reasons like fluctuating raw material costs & increased competition from the unorganized sector.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
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 SampleCOVID-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.
|
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. |
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
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
