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Top 10 High & Medium Voltage Products Market HV, MV - Global Forecast to 2021

Top 10 High & Medium Voltage Products Market: Global Forecast until 2021

  • January 2017
  • 254 pages
  • ID: 4674545
In this report:
In 2016, the global switchgear market size is estimated to be USD ##.## billion, where the Asia-Pacific is expected to hold the largest share of ##.##%, followed by North America and Europe with market a shares of ##.##% and ##.##%, respectively.
The company signed a major contract worth USD ##.## million (##.## million Euro) with Iceland's transmission grid operator, Landsnet, for the supply of ## km of underground high voltage cables, covering a total route of ## km.

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"Top 10 high voltage and medium voltage Products market is forecasted to reach ~$320.5B by 2021"

The top 10 high voltage and medium voltage products market is forecasted to grow from an estimated ~$215.0B in 2016 to ~$320.5B by 2021. The market demand for top 10 high voltage and medium voltage products can be directly linked to the development of generation, transmission and distribution infrastructure. The industry demand for these products is also driven by increase in renewable power generation and upgradation of old power infrastructure. Nevertheless, Elements such as fluctuating raw material prices and growing competition from unorganized industry could restrain the market rise. On the other hand, adoption of smart grid technology and rise of offshore wind farms represent promising increase opportunities for the industry.

"Ring main unit market would grow at a faster pace during the estimate period"

In terms of market, by type of medium voltage product, the ring main unit market is anticipated to grow at the quickest pace during the outlook period. Developing countries including Brazil and India (IN) offer high increase opportunities to the suppliers of ring main units. These areas have capacity addition plans due to continuously rising electricity demand. Apart from that, Elements such as increasing share of renewable sources in the power generation mix and demand for uninterrupted power from the transport market would impart increase in the ring main unit market.

"Asia-Pac is the largest industry for most of the top 10 high voltage and medium voltage products"

Asia Pacific (APAC) is the biggest market for most of the products in high and medium voltage products market. In the Asia Pacific (APAC) area, the market rise of top 10 high voltage and medium voltage products can be accredited to Elements such as growing grid investments, especially in developing economies including China, India (IN), and other South East Asian countries, that focus on rural electrification, transmission and distribution network expansion, big scale industrialization, increasing urban population, among others. Elements such as adoption of smart grid and substation automation projects also aids in the market increase.

Breakdown of Primaries

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants among other experts to obtain and verify critical qualitative and quantitate info as well as assess future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 - 62.0 percent, Tier 2 - 23.0 percent, and 1/3 3 - 15.0 percent

By Designation: C-Level - 35.0 percent, Director Level - 25.0 percent, and Engineer Level - 40.0 percent

By area: Asia-Pacific - 45.0 percent, Europe - 30.0 percent, Americas - 17.0 percent, and rest of the world - 8.0 percent

Note: Row = Rest of the globe

The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue, as of 2015: Tier 1 => $10.0B, Tier 2 = From $1.0B to $10.0B, and Tier 3 =< $1.0B

The industry's leading players have been profiled with their new developments and other strategic activities. These include ABB Ltd., Eaton Corporation Plc, General Electric Company, Schneider Electric SE and Siemens Aktiengesellschaft, among others.

Segment Research

The high voltage products included in this analysis contain high voltage cables and accessories, switchgear, power transformer, and gas insulated switch gear and the medium voltage products contain recloser, ring main unit, disconnect switch, surge protection devices, voltage regulator and medium voltage cables and accessories. The market research aims at evaluating the market value and upcoming growth potential of this market across different areas. Moreover, the study also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, business overview, and recent evolutions.

Why acquire this industry report?

1. The analysis determines and addresses main markets for top 10 high voltage and medium voltage products, which is useful for suppliers and Original equipment manufacturers to examine production and distribution plans.

2. The market research includes review of main sectors of top 10 high voltage and medium voltage products. It also analyzes historical forecasts and also forecast for 2021, assisting in strategic decision making.

3. It presents competition by analyzing recent market developments including top contracts, recent product launches, business developments, and mergers & acquisitions from the main overall market actors. It helps understand the competition strategies and plan respective initiatives.

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