High voltage equipment is defined as any piece of equipment that carries a high voltage electricity supply. This equipment is preferred for use in electronic devices that require a high voltage supply of electricity. High voltage equipment is also used in transmission and distribution networks, and it aids in the prevention of damage at certain levels where the electricity voltage is high. High-voltage equipment is an essential component of the electric power system. Equipment plays an important role in the sector across multiple segments such as power generation, transmission, and distribution. Every year, the power T&D industry sees a high number of T&D expansion activities undertaken to meet the growing global electricity demand.
The global High Voltage Equipment market is segmented on the basis of Type, Voltage Level, Application, and Region. Based on type, the market is divided into Power Transformers, Switchgear, Switches, Control, Reactive Power, Instrument Transformer, Relay Panel, Earthing Equipment, Battery Set. In terms of Voltage Level, the market is categorized into UHV-Ultra high voltage (800 kV and above), EHV (200 kV and above), HVDC (500 kV DC), HV (66 kV to 200 kV. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA)
COVID-19 impact analysis
The current COVID-19 pandemic has a negative impact on the high voltage equipment market share, with manufacturing activities being temporarily halted across major manufacturing hubs, resulting in a significant production slowdown. People are becoming significantly more isolated as a result of increased restrictions on public meetings and travel. Due to supply chain delays, stock market instability, halting of airlines, business dealings in the high voltage equipment business are also feeling the effects of the COVID-19 pandemic. It has directly impacted production and demand of high voltage equipment industry causing supply chain and market disruption. As airports are shut down due to lockdown restrictions, the use of high voltage equipment is halted, negatively impacting the high voltage equipment market size.
Top impacting factors
Industrial development, in conjunction with smart grid implementation in both developed and developing countries, is a major factor driving growth in the global high voltage equipment market growth. In addition, rising industrial demand for electricity and the upgrading of transmission network infrastructure are expected to drive growth in the global high voltage equipment market. Mobile substations are becoming more popular among electronic and telecommunications companies. The installation of mobile substations allows for the restoration of power under adverse weather conditions or in unexpected circumstances, and they are functionally designed to provide temporary power supplies as quickly as possible. Furthermore, these mobile substations include a generator, transformer, metal clad switchgear, outdoor load break switches and breakers, and temporary switching stations. Fuji Electric and ABB Ltd., for example, provide a variety of technologies and products that aid in emission reduction. The Fuji Electric DC High-Speed Vacuum Circuit Breaker employs a dry capacitor, which is both incombustible and environment-friendly. ABB Ltd. also provides gas-insulated high voltage switchgear using SF6 gas, which emits less pollution. Manufacturers are concentrating on producing high-voltage equipment that promotes renewable energy and reduces emissions. For example, DESERTEC, a large-scale project developed in Germany, aims to harness sustainable power from sites where renewable energy resources are abundant and transfer it to consumption centers via high voltage direct current transmission. The high cost of high voltage equipment, on the other hand, is a major impediment to the growth of the global high voltage transmission market opportunity.
Market trends
New product launches to flourish the market
In January 2020, Finolex Cables, an Indian manufacturer of electrical and telecommunication cables announced its entry into the MCCB product category to strengthen its position in the domestic and industrial switchgear markets. These will be manufactured using cutting-edge technology and will be available in differential ratings ranging from 63 to 800 Amps in a variety of pole configurations. Across the country, the switchgears have been introduced in five different frame sizes.
The MCCB launch will further strengthen the company's switchgear basket and provide Finolex cables with access to the massive and robust Industrial switchgear market to serve its retail and panel builder clients.
Surge in usage in gas insulated switchgear
Gas-insulated high voltage switchgear (GIS) is a type of compact metal-enclosed switchgear that contains high voltage components like disconnectors and circuit breakers. Gas-insulated high voltage switchgear (GIS) has numerous advantages, including less field construction work (shorter installation time), flexible designs, low maintenance, and high reliability and safety. In some cases, the main load center is located in a very congested area, but sufficient land for establishing a conventional electrical substation is scarce. GIS is a type of metal-enclosed switchgear that takes up much less space. All the equipment is housed in gas-tight metal enclosures, and SF6 is used to insulate the earthed metal enclosures from the live parts of the equipment. GIS can be used in city buildings, on rooftops and offshore platforms, and in industrial and hydropower plants with limited space. As a result of rising urbanization and industrialization in developing economies, the demand for gas-insulated switchgear is expected to rise significantly during the forecast period.
Key benefits of the report
- This study presents the analytical depiction of the high voltage equipment market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the high voltage equipment market share.
- The current market is quantitatively analyzed to highlight high voltage equipment market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed high voltage equipment market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in high voltage equipment market research report
- What are the leading market players active in the high voltage equipment market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future would help in taking further strategic steps?
- Upcoming report specific FAQs examples:
- What is high voltage equipment?
- What does high voltage equipment allow organizations to achieve?
- Which technologies combine to make high voltage equipment a critical organizational asset?
- What are the key benefits of the high voltage equipment market report?
- Which niches should companies associated with recent improvements establish a presence in?
- Upcoming report specific FAQs examples:
High Voltage Equipment Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Voltage level |
|
 By Application |
|
 By Region |
|
 Key Market Players | Siemens, Crompton Greaves, Mitsubishi Electric, Larsen and Toubro, General Electric, Toshiba, Tebian Electric Apparatus, Fuji Electric, Hitachi, ABB |
Loading Table Of Content...
