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Top 10 High & Medium Voltage Products Market HV (Switchgear, HV Cables, Power Transformer), MV (Ring Main Unit, Recloser, MV Cables, Voltage Regulator, Surge Protection Device, Disconnect Switch), Installation Type End User - Global Forecast to 2028

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    Report

  • 232 Pages
  • November 2023
  • Region: Global
  • Markets and Markets
  • ID: 5908565
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Growing Demand for Reliable and Continuous Power Supply with Increasing Urbanization and Industrialization

The Top 10 high and medium voltage products market is estimated to grow from USD 264.1 Billion in 2023 to USD 349.7 Billion by 2028; it is expected to record a CAGR of 5.8% during the forecast period. The demand for high and medium voltage products is rising due to increasing energy needs, integration of renewable energy sources, electrification of sectors like transportation, and ongoing grid modernization efforts. 

Medium Voltage: The second-fastest segment of the top 10 high and medium voltage markets, by product.

Based on product type, the Top 10 high and medium voltage products market has been split into two types: Medium voltage and High voltage. The adoption of high voltage is growing and is expected to be the second fastest segment. This is due to their extensive use in urban and industrial areas with growing electricity demand, their importance in integrating renewable energy sources, and their role in grid modernization, ensuring efficient power distribution within existing infrastructure.

Industrial segment is expected to emerge as the second-largest segment based on end users.

Based on end users, the top 10 high and medium voltage products market has been segmented into transmission and distribution, industrial, residential, and commercial. The industrial segment is expected to be the second-largest segment owing to the dependence of industries on medium and high voltage equipment to power heavy machinery, manufacturing processes, and large-scale operations, driving significant demand for these products. Additionally, the need for industrial infrastructure expansion and modernization further contributes to the prominence of the industrial segment in this market.

Indoor is expected to emerge as the largest segment based on Installation type.

By installation type, the top 10 high and medium voltage product market has been segmented into outdoor and indoor. Indoor is expected to emerge as the largest segment based on installation type. These installations offer a controlled and protected environment, ensuring safety and mitigating environmental risks associated with high and medium voltage equipment. They are also more space-efficient, a vital consideration in urban areas with limited real estate. Indoor installations provide easy access for maintenance and inspection, resulting in increased reliability and reduced downtime.

North America is expected to be the second-fastest region in the top 10 high and medium voltage product markets. 

North America is expected to be the second-fastest region in the top 10 high and medium voltage product markets between 2023-2028, preceded by Asia Pacific. The region has a well-established electrical infrastructure that requires continuous modernization and upgrades to ensure reliability and efficiency. Moreover, a growing emphasis on renewable energy integration and grid resilience drives demand for high and medium voltage products. Additionally, a thriving industrial sector and the adoption of electric vehicles in North America further contribute to the need for these products, solidifying the region's prominent position in the market. These are the key factors fostering the growth of the Top 10 high and medium voltage products market in North America.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows: 

  • By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
  • By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
  • By Region: North America- 27%, Asia Pacific- 33%, Europe- 20%, the Middle East & Africa- 12%, and South America- 8% 

Note: Others include product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The Top 10 high and medium voltage products market is dominated by a few major players that have a wide regional presence. The leading players in the refinery and petrochemical filtration market are ABB (Switzerland), Prysmian SpA (Italy), Schneider Electric (France), Hitachi Global (Japan), and Siemens (Germany).

Research Coverage:

The report defines, describes, and forecasts the global Top 10 high and medium voltage products market, by product, installation type, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the top 10 high and medium voltage products market.

Key Benefits of Buying the Report

  • The rise in grid investments and growing demand for reliable and continuous power supply drive the demand. Factors such as delays in procurement and installation of electrical equipment due to complex regulatory and environment authorizations procedures and implementation of stringent regulations hinder market growth. Continuous increase in power generation capacity and increasing developments of smart grids and growing digitalization offer lucrative opportunities in this market. Supply-chain constraints and the requirement for high technical expertise to develop and install power cables are major challenges faced by countries in this market. 
  • Product Development/ Innovation: The trends such as Intelligent switchgear are groundbreaking advancements in the industry, integrating advanced sensing capabilities and connectivity for improved control and data analysis. It enhances the monitoring and predictive analytics process by incorporating intelligent electronic devices (IEDs), including smart circuit breakers, sensors, and microprocessor-based relays and meters. Additional sensors like humidity, temperature, vibration, motion, noise, and light provide crucial data for assessing equipment health. 
  • Market Development: The development of smart grids is essential to achieve shared goals for energy security, economic development, and climate change mitigation. Smart grids enable increased demand response and energy efficiency, integration of variable renewable energy resources into the power grid infrastructure, and electric vehicle recharging services while reducing peak demand and stabilizing the electricity system.
  • Market Diversification: ABB launched the latest and narrowest in their air-insulated (AIS) medium-voltage (MV) switchgear, UniGear ZS1, 500mm panel version, at ADIPEC 2023. The new 500 mm version of UniGear ZS1 is designed with higher sustainability targets and raises the bar for safety with its innovative design and carefully selected material mix.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Prysmian SpA (Italy), Schneider Electric (France), Hitachi Global (Japan), and Siemens (Germany) among others in the Top 10 high and medium voltage products market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.2.1.1 Top 10 High and Medium Voltage Products Market: Inclusions and Exclusions, by Product
1.2.1.2 Top 10 High and Medium Voltage Products Market: Inclusions and Exclusions, by Installation Type
1.2.1.3 Top 10 High and Medium Voltage Products Market: Inclusions and Exclusions, by End-user
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered
1.3.4 Currency Considered
1.4 Limitations
1.5 Stakeholders
1.6 Summary of Changes
1.7 Impact of Recession

2 Research Methodology
2.1 Research Data
Figure 1 Top 10 High and Medium Voltage Products Market: Research Design
2.2 Market Breakdown and Data Triangulation
2.2.1 Data Triangulation
2.3 Primary and Secondary Research
2.3.1 Secondary Research
2.3.1.1 Key Data from Secondary Sources
2.3.2 Primary Research
2.3.2.1 Key Data from Primary Sources
2.3.2.2 Breakdown of Primaries
Figure 2 Top 10 High and Medium Voltage Products Market: Breakdown of Primaries
2.4 Scope
Figure 3 Main Metrics Considered to Analyze and Assess Demand for Top 10 High and Medium Voltage Products
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.5.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.5.3 Demand-Side Analysis
2.5.3.1 Regional Analysis
2.5.3.2 Country-Level Analysis
2.5.3.3 Assumptions for Demand-Side Analysis
2.5.3.4 Calculations for Demand-Side Analysis
2.5.4 Supply-Side Analysis
Figure 6 Key Steps Considered to Assess Supply of High and Medium Voltage Products
Figure 7 Top 10 High and Medium Voltage Products Market: Supply-Side Analysis
2.5.4.1 Calculations for Supply-Side Analysis
2.5.4.2 Assumptions for Supply-Side Analysis
Figure 8 Company Revenue Analysis, 2022
2.5.5 Forecast
2.6 Risk Assessment
2.7 Recession Impact

3 Executive Summary
Table 1 Top 10 High and Medium Voltage Products Market: Snapshot
Figure 9 Indoor Segment to Hold Larger Market Share in 2023
Figure 10 High Voltage Segment to Exhibit Higher CAGR During Forecast Period
Figure 11 Transmission and Distribution Segment to Lead Market During Forecast Period
Figure 12 Asia-Pacific Accounted for Largest Share of Top 10 High and Medium Voltage Products Market in 2022

4 Premium Insights
4.1 Attractive Opportunities for Players in Top 10 High and Medium Voltage Products Market
Figure 13 Growing Deployment of Smart Grids and Increasing Digitalization
4.2 Asia-Pacific Top 10 High and Medium Voltage Products Market, by End-user and Country
Figure 14 Transmission and Distribution Segment and China Held Largest Shares of Asia-Pacific Top 10 High and Medium Voltage Products Market in 2022
4.3 Top 10 High and Medium Voltage Products Market, by Installation Type
Figure 15 Indoor Segment to Account for Larger Market Share in 2028
4.4 Top 10 High and Medium Voltage Products Market, by Product
Figure 16 High Voltage Segment to Hold Larger Market Share in 2028
4.5 Top 10 High and Medium Voltage Products Market, by End-user
Figure 17 Transmission and Distribution Segment to Hold Largest Market Share in 2028

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 18 Top 10 High and Medium Voltage Products Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Rise in Grid Investments to Improve Transmission and Distribution Infrastructure
Figure 19 Investments in Electricity Networks, by Region, 2015-2021
Table 2 T&D Infrastructure Expansion Plan, by Region
5.2.1.2 Growing Demand for Reliable and Continuous Power Supply with Increasing Urbanization and Industrialization
Figure 20 Electricity Demand, by Region, 2020 Vs. 2021
5.2.2 Restraints
5.2.2.1 Delays in Procurement and Installation of Electrical Equipment Attributed to Complex Regulatory and Environmental Authorization Procedures
5.2.2.2 Implementation of Stringent Regulations to Limit Sf6 Emissions from Switchgears and Ring Main Units
Table 3 Global Warming Potential of Greenhouse Gases (100-Year Time Period)
5.2.3 Opportunities
5.2.3.1 Continuous Increase in Power Generation Capacity
Figure 21 Global Annual Renewable Electricity Capacity Additions, 2015-2026 (Gw)
5.2.3.2 Increasing Development of Smart Grids and Growing Digitalization
5.2.4 Challenges
5.2.4.1 Requirement for High Technical Expertise to Develop and Install Power Cables
5.2.4.2 Supply Chain Disruptions
Figure 22 Global Nominal Price of Aluminum (Usd/Mt) and Copper (Usd/Mt), 2019-2022
5.3 Trends/Disruptions Impacting Customers’ Businesses
Figure 23 Trends/Disruptions Impacting Customers’ Businesses
5.4 Ecosystem Mapping
Table 4 Companies and Their Role in Top 10 High and Medium Voltage Products Ecosystem
Figure 24 Top 10 High and Medium Voltage Products Market: Ecosystem Mapping
5.5 Value Chain Analysis
Figure 25 Top 10 High and Medium Voltage Products Market: Value Chain Analysis
5.5.1 Raw Material/Component Providers
5.5.2 Top 10 High and Medium Voltage Product Manufacturers/Assemblers/Installation and Maintenance Service Providers
5.5.3 End-users/Operators
5.6 Technology Analysis
5.6.1 Sf6-Free Ring Main Unit
5.6.2 Intelligent Switchgear
5.7 Pricing Analysis
Figure 26 Average Selling Price (ASP) of High Voltage Power Transformers, 2021, 2022, 2023, and 2028 (USD Million/Unit)
Figure 27 Average Selling Price (ASP) of High Voltage Switchgears, 2021, 2022, 2023, and 2028 (USD/Unit)
Figure 28 Average Selling Price (ASP) of High Voltage Cables, 2021, 2022, 2023, and 2028 (USD Million/Mile)
Figure 29 Average Selling Price (ASP) of Medium Voltage Products, 2021, 2022, 2023, and 2028 (USD/Unit)
Figure 30 Average Selling Price (ASP) of High and Medium Voltage Fault-Current Limiters, 2021, 2022, 2023, and 2028 (USD/Unit)
Figure 31 Average Selling Price (ASP) of Medium Voltage Cables, 2021, 2022, 2023, and 2028 (USD Million/Mile)
Table 5 Average Selling Price (ASP) of High Voltage Power Transformers, 2021, 2022, 2023, and 2028 (USD Million/Unit)
Table 6 Average Selling Price (ASP) of High Voltage Switchgears, 2021, 2022, 2023, and 2028 (USD/Unit)
Table 7 Average Selling Price (ASP) of High Voltage Cables, 2021, 2022, 2023, and 2028 (USD Million/Mile)
Table 8 Average Selling Price (ASP) of Medium Voltage Disconnect Switches, 2021, 2022, 2023, and 2028 (USD/Unit)
Table 9 Average Selling Price (ASP) of Medium Voltage Surge Protection Devices, 2021, 2022, 2023, and 2028 (USD/Unit)
Table 10 Average Selling Price (ASP) of Medium Voltage Fault Current Limiters, 2021, 2022, 2023, and 2028 (USD/Unit)
Table 11 Average Selling Price (ASP) of Medium Voltage Regulators, 2021, 2022, 2023, and 2028 (USD/Unit)
Table 12 Average Selling Price (ASP) of Medium Voltage Reclosers, 2021, 2022, 2023, and 2028 (USD/Unit)
Table 13 Average Selling Price (ASP) of Medium Voltage Ring Main Units, 2021, 2022, 2023, and 2028 (USD/Unit)
Table 14 Average Selling Price (ASP) of Medium Voltage Cables, 2021, 2022, 2023, and 2028 (USD Million/Mile)
Table 15 Average Selling Price (ASP) of High Voltage Power Transformers, by Region, 2021, 2022, 2023, and 2028 (USD Million/Unit)
Table 16 Average Selling Price (ASP) of High Voltage Switchgears, by Region, 2021, 2022, 2023, and 2028 (USD/Unit)
Table 17 Average Selling Price (ASP) of High Voltage Cables, by Region, 2021, 2022, 2023, and 2028 (USD Million/Mile)
Table 18 Average Selling Price (ASP) of Medium Voltage Disconnect Switches, by Region, 2021, 2022, 2023, and 2028 (USD/Unit)
Table 19 Average Selling Price (ASP) of Medium Voltage Surge Protection Devices, by Region, 2021, 2022, 2023, and 2028 (USD/Unit)
Table 20 Average Selling Price (ASP) of Medium Voltage Fault Current Limiters, by Region, 2021, 2022, 2023, and 2028 (USD/Unit)
Table 21 Average Selling Price (ASP) of Medium Voltage Regulators, by Region, 2021, 2022, 2023, and 2028 (USD/Unit)
Table 22 Average Selling Price (ASP) of Medium Voltage Reclosers, by Region, 2021, 2022, 2023, and 2028 (USD/Unit)
Table 23 Average Selling Price (ASP) of Medium Voltage Ring Main Units, by Region, 2021, 2022, 2023, and 2028 (USD/Unit)
Table 24 Average Selling Price (ASP) of Medium Voltage Cables, by Region, 2021, 2022, 2023, and 2028 (USD Million/Mile)
Figure 32 Average Selling Price (ASP) of High Voltage Power Transformers, by Region, 2021, 2022, 2023, and 2028 (USD Million/Unit)
Figure 33 Average Selling Price (ASP) of High Voltage Switchgears, by Region, 2021, 2022, 2023, and 2028 (USD/Unit)
Figure 34 Average Selling Price (ASP) of High Voltage Cables, by Region, 2021, 2022, 2023, and 2028 (USD Million/Mile)
Figure 35 Average Selling Price (ASP) of Medium Voltage Disconnect Switches, by Region, 2021, 2022, 2023, and 2028 (USD/Unit)
Figure 36 Average Selling Price (ASP) of Medium Voltage Fault Current Limiters, by Region, 2021, 2022, 2023, and 2028 (USD/Unit)
Figure 37 Average Selling Price (ASP) of Medium Voltage Regulators, by Region, 2021, 2022, 2023, and 2028 (USD/Unit)
Figure 38 Average Selling Price (ASP) of Medium Voltage Reclosers, by Region, 2021, 2022, 2023, and 2028 (USD/Unit)
Figure 39 Average Selling Price (ASP) of Medium Voltage Ring Main Units, by Region, 2021, 2022, 2023, and 2028 (USD/Unit)
Figure 40 Average Selling Price (ASP) of Medium Voltage Cables, by Region, 2021, 2022, 2023, and 2028 (USD Million/Mile)
5.8 Tariff Analysis
5.8.1 Tariff Related to High and Medium Voltage Cable Units
Table 25 Tariff Related to High and Medium Voltage Cable Units
5.8.2 Tariff Related to Ring Main Units
Table 26 Tariff Related to Ring Main Units
5.9 Codes and Regulatory Landscape
5.9.1 List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 27 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 28 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 29 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 30 South America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 31 Global: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.9.2 Codes Related to High Voltage Cables and Accessories
Table 32 North America: Codes
Table 33 South America: Codes
Table 34 Global: Codes
5.10 Patent Analysis
Table 35 Innovations and Patent Registrations, February 2021-July 2023
5.11 Trade Analysis
5.11.1 High Voltage Products
Figure 41 Trade Data for High Voltage Products Under Hs Code 8544, 2018-2022 (USD Thousand)
Table 36 Trade Data for High Voltage Products Under Hs Code 8544, 2018-2022 (USD Thousand)
5.11.2 Medium Voltage Products
5.11.2.1 Import Scenario
Table 37 Import Data for Medium Voltage Products Under Hs Code 853590, by Country, 2020-2022 (USD Thousand)
5.11.2.2 Export Scenario
Table 38 Export Data for Medium Voltage Products Under Hs Code 853590, by Country, 2020-2022 (USD Thousand)
5.12 Porter's Five Forces Analysis
Table 39 Top 10 High and Medium Voltage Products Market: Porter's Five Forces Analysis
Figure 42 Top 10 High and Medium Voltage Products Market: Porter's Five Forces Analysis
5.12.1 Threat of Substitutes
5.12.2 Bargaining Power of Suppliers
5.12.3 Bargaining Power of Buyers
5.12.4 Threat of New Entrants
5.12.5 Intensity of Competitive Rivalry
5.13 Case Study Analysis
5.13.1 Aegis 36 Ring Main Unit Was Deployed in Renewable Project to Ensure Hassle-Free Operation for Extended Period
5.13.1.1 Problem Statement
5.13.1.2 Solution
5.13.2 Australia-Singapore Interconnector Project Developed Viable Solution to Link Renewable Energy from Australia to Singapore's Power Network
5.13.2.1 Problem Statement
5.13.2.2 Solution
5.13.3 Süc Coburg Deployed Abb's Safering Airplus Ring Main Units to Increase Reliability of Power Supply in Power Distribution Grid
5.13.3.1 Problem Statement
5.13.3.2 Solution
5.14 Key Conferences and Events, 2023-2024
Table 40 Top 10 High and Medium Voltage Products Market: List of Conferences and Events
5.15 Key Stakeholders and Buying Criteria
5.15.1 Key Stakeholders in the Buying Process
Figure 43 Influence of Key Stakeholders on the Buying Process for Top Three End-users
Table 41 Influence of Key Stakeholders on the Buying Process for Top Three End-users
5.15.2 Buying Criteria
Figure 44 Key Buying Criteria for Top Three End-users
Table 42 Key Buying Criteria for Top Three End-users

6 Top 10 High and Medium Voltage Products Market, by Installation Type
6.1 Introduction
Figure 45 Indoor Segment Accounted for Larger Market Share in 2022
Table 43 Top 10 High and Medium Voltage Products Market, by Installation Type, 2021-2028 (USD Billion)
6.2 Indoor
6.2.1 Increasing Investments in Renewable Energy Industry to Fuel Demand
Table 44 Indoor: Top 10 High and Medium Voltage Products Market, by Region, 2021-2028 (USD Million)
6.3 Outdoor
6.3.1 Increasing Electrification and Growing Need for High-Load, Long-Distance Electricity Transmission to Drive Demand
Table 45 Outdoor: Top 10 High and Medium Voltage Products Market, by Region, 2021-2028 (USD Million)

7 Top 10 High and Medium Voltage Products Market, by Product
7.1 Introduction
Figure 46 High Voltage Segment Accounted for Larger Market Share in 2022
Table 46 Top 10 High and Medium Voltage Products Market, by Product, 2021-2028 (USD Billion)
Table 47 Top 10 High and Medium Voltage Products Market, by High Voltage, 2021-2028 (USD Billion)
Table 48 Top 10 High and Medium Voltage Products Market, by Medium Voltage, 2021-2028 (USD Billion)
7.2 High Voltage
7.2.1 Capability of High Voltage Products to Transmit Electricity Efficiently and Safely Over Long Distances to Drive Demand
7.2.1.1 Power Transformers
7.2.1.2 Switchgears
7.2.1.3 High Voltage Cables and Accessories
Table 49 High Voltage: Top 10 High and Medium Voltage Products Market, by Region, 2021-2028 (USD Billion)
7.3 Medium Voltage
7.3.1 Potential of Medium Voltage Products to Efficiently Distribute Electricity with Reduced Power Losses to Fuel Demand
7.3.1.1 Disconnect Switches
7.3.1.2 Surge Protection Devices
7.3.1.3 Fault Current Limiters
7.3.1.4 Voltage Regulators
7.3.1.5 Reclosers
7.3.1.6 Ring Main Units
7.3.1.7 Medium Voltage Cables and Accessories
Table 50 Medium Voltage: Top 10 High and Medium Voltage Products Market, by Region, 2021-2028 (USD Billion)

8 Top 10 High and Medium Voltage Products Market, by End-user
8.1 Introduction
Figure 47 Transmission and Distribution Segment Accounted for Largest Market Share in 2022
Table 51 Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
8.2 Transmission and Distribution
8.2.1 Growing Need to Maintain Stable Frequency and Voltage and Deliver Efficient Power to Drive Market
Table 52 Transmission and Distribution: Top 10 High and Medium Voltage Products Market, by Region, 2021-2028 (USD Billion)
8.3 Industrial
8.3.1 Rising Use of High and Medium Voltage Products to Ensure Efficient Power Distribution Within Industrial Facilities and Equipment Protection to Drive Market
Table 53 Industrial: Top 10 High and Medium Voltage Products Market, by Region, 2021-2028 (USD Billion)
8.4 Commercial
8.4.1 Growing Adoption of High and Medium Voltage Products to Provide Reliable Power Supply to Various Critical Equipment to Fuel Segmental Growth
Table 54 Commercial: Top 10 High and Medium Voltage Products Market, by Region, 2021-2028 (USD Billion)
8.5 Residential
8.5.1 Rising Demand for High and Medium Voltage Products to Offer Stable Power Supply and Reduce Risk of Electrical Faults and Fires to Boost Market Growth
Table 55 Residential: Top 10 High and Medium Voltage Products Market, by Region, 2021-2028 (USD Billion)

9 Top 10 High and Medium Voltage Products Market, by Region
9.1 Introduction
Figure 48 Asia-Pacific to Register Highest CAGR During Forecast Period
Figure 49 Asia-Pacific Dominated Top 10 High and Medium Voltage Products Market in 2022
Table 56 Top 10 High and Medium Voltage Products Market, by Region, 2021-2028 (USD Billion)
Table 57 Top 10 High and Medium Voltage Products Market, by Product, 2021-2028 (Thousand Units/Thousand Miles)
9.2 Europe
Figure 50 Europe: Top 10 High and Medium Voltage Products Market Snapshot
9.2.1 Europe: Recession Impact
Table 58 Europe: Top 10 High and Medium Voltage Products Market, by Installation Type, 2021-2028 (USD Billion)
Table 59 Europe: Top 10 High and Medium Voltage Products Market, by Product Type, 2021-2028 (USD Billion)
Table 60 Europe: Top 10 High and Medium Voltage Products Market, by High Voltage, 2021-2028 (USD Billion)
Table 61 Europe: Top 10 High and Medium Voltage Products Market, by Medium Voltage, 2021-2028 (USD Billion)
Table 62 Europe: Top 10 High and Medium Voltage Products Market, by Country, 2021-2028 (USD Billion)
9.2.1.1 UK
9.2.1.1.1 Growing Integration of Renewables into Power Mix and Upgrading Grid Infrastructure to Propel Market
Table 63 UK: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
9.2.1.2 Germany
9.2.1.2.1 Increasing Focus on Enhancing Energy Efficiency and Grid Expansion to Drive Market
Table 64 Germany: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
9.2.1.3 Italy
9.2.1.3.1 Rising Interconnection of Grids to Drive Demand
Table 65 Italy: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Million)
9.2.1.4 Spain
9.2.1.4.1 Increasing Government Focus on Expansion of Renewable Installations to Support Market Growth
Table 66 Spain: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Million)
9.2.1.5 France
9.2.1.5.1 Growing Emphasis on the Development of the Energy Industry to Drive Market
Table 67 France: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Million)
9.2.1.6 Rest of Europe
Table 68 Rest of Europe: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Million)
9.3 South America
9.3.1 South America: Recession Impact
Table 69 South America: Top 10 High and Medium Voltage Products Market, by Installation Type, 2021-2028 (USD Billion)
Table 70 South America: Top 10 High and Medium Voltage Products Market, by Product, 2021-2028 (USD Billion)
Table 71 South America: Top 10 High and Medium Voltage Products Market, by High Voltage, 2021-2028 (USD Billion)
Table 72 South America: Top 10 High and Medium Voltage Products Market, by Medium Voltage, 2021-2028 (USD Billion)
Table 73 South America: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Million)
Table 74 South America: Top 10 High and Medium Voltage Products Market, by Country, 2021-2028 (USD Million)
9.3.1.1 Brazil
9.3.1.1.1 Rising Need for Electrification to Drive Market
Table 75 Brazil: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Million)
9.3.1.2 Argentina
9.3.1.2.1 Increasing Government-Led Investments in Renewable Energy Industry to Drive Market
Table 76 Argentina: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Million)
9.3.1.3 Chile
9.3.1.3.1 Increasing Developments in Renewable Energy Industry with Focus on Boosting Clean and Sustainable Energy Consumption to Drive Market
Table 77 Chile: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Million)
9.3.1.4 Rest of South America
Table 78 Rest of South America: Top 10 High & Medium Voltage Market, by End-user, 2021-2028 (USD Million)
9.4 North America
9.4.1 North America: Recession Impact
Table 79 North America Top 10 High and Medium Voltage Products Market, by Installation Type, 2021-2028 (USD Billion)
Table 80 North America: Top 10 High and Medium Voltage Products Market, by Product, 2021-2028 (USD Billion)
Table 81 North America: Top 10 High and Medium Voltage Products Market, by High Voltage, 2021-2028 (USD Billion)
Table 82 North America: Top 10 High and Medium Voltage Products Market, by Medium Voltage, 2021-2028 (USD Billion)
Table 83 North America: Top 10 High and Medium Voltage Products Market, by Country, 2021-2028 (USD Billion)
9.4.2 US
9.4.2.1 Renewable Energy Development Plans to Generate Demand
Table 84 US: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
9.4.3 Canada
9.4.3.1 Increasing Investments in Wind Energy Sector to Foster Market Growth
Table 85 Canada: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
9.4.4 Mexico
9.4.4.1 Rising Focus on Renewable Power Generation to Fuel Market Growth
Table 86 Mexico: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
9.5 Middle East & Africa
9.5.1 Middle East & Africa: Recession Impact
Table 87 Middle East & Africa: Top 10 High and Medium Voltage Products Market, by Installation Type, 2021-2028 (USD Billion)
Table 88 Middle East & Africa: Top 10 High and Medium Voltage Products Market, by Product, 2021-2028 (USD Billion)
Table 89 Middle East & Africa: Top 10 High and Medium Voltage Products Market, by High Voltage, 2021-2028 (USD Billion)
Table 90 Middle East & Africa: Top 10 High and Medium Voltage Products Market, by Medium Voltage, 2021-2028 (USD Billion)
Table 91 Middle East & Africa: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
Table 92 Middle East & Africa: Top 10 High and Medium Voltage Products Market, by Country, 2021-2028 (USD Billion)
9.5.2 Saudi Arabia
9.5.2.1 Government Policies Supporting Utilization of Renewables for Power Generation to Drive Market
Table 93 Saudi Arabia: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
9.5.3 UAE
9.5.3.1 Rising Implementation of Enhanced Oil Recovery (Eor) Technique in Oil Fields to Accelerate Demand
Table 94 UAE: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
9.5.4 Egypt
9.5.4.1 Increasing Energy Demand and Transformation of Power Generation Infrastructure to Control Carbon Emissions to Accelerate Market Growth
Table 95 Egypt: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
9.5.5 South Africa
9.5.5.1 Rising Adoption of Renewable Sources Backed by Government Support to Drive Market
Table 96 South Africa: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
9.5.6 Rest of Middle East & Africa
Table 97 Rest of Middle East & Africa: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Million)
9.6 Asia-Pacific
Figure 51 Asia-Pacific: Top 10 High and Medium Voltage Products Market Snapshot
9.6.1 Asia-Pacific: Recession Impact
Table 98 Asia-Pacific: Top 10 High and Medium Voltage Products Market, by Installation Type, 2021-2028 (USD Billion)
Table 99 Asia-Pacific: Top 10 High and Medium Voltage Products Market, by Product, 2021-2028 (USD Billion)
Table 100 Asia-Pacific: Top 10 High and Medium Voltage Products Market, by High Voltage, 2021-2028 (USD Billion)
Table 101 Asia-Pacific: Top 10 High and Medium Voltage Products Market, by Medium Voltage, 2021-2028 (USD Billion)
Table 102 Asia-Pacific: Top 10 High and Medium Voltage Products Market, by Country, 2021-2028 (USD Billion)
9.6.2 China
9.6.2.1 Increasing Investments in Reducing Carbon Footprint to Support Market Growth
Table 103 China: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
9.6.3 Japan
9.6.3.1 Rising Government-Led Initiatives to Meet Power Demand to Fuel Market Growth
Table 104 Japan: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
9.6.4 India
9.6.4.1 Rising Electrification Initiatives Supported by Government Schemes in Remote Areas to Propel Market Growth
Table 105 India: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
9.6.5 South Korea
9.6.5.1 Increasing Developments in Offshore Wind Sector to Fuel Market Growth
Table 106 South Korea: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
9.6.6 Australia
9.6.6.1 Rising Electrification of Railway Network to Drive Demand
Table 107 Australia: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)
9.6.7 Rest of Asia-Pacific
Table 108 Rest of Asia-Pacific: Top 10 High and Medium Voltage Products Market, by End-user, 2021-2028 (USD Billion)

10 Competitive Landscape
10.1 Overview
10.2 Key Strategies Adopted by Major Players
Table 109 Top 10 High and Medium Voltage Products Market: Overview of Strategies Adopted by Key Players
10.3 Market Share Analysis, 2022
Figure 52 Top 10 High and Medium Voltage Products Market Share Analysis, 2022
Table 110 Top 10 High and Medium Voltage Products Market: Degree of Competition
Figure 53 Industry Concentration, 2022
10.4 Revenue Analysis, 2018-2022
Figure 54 Top 10 High and Medium Voltage Products Market: Revenue Analysis of Top Five Players, 2018-2022
10.5 Company Evaluation Matrix, 2022
10.5.1 Stars
10.5.2 Pervasive Players
10.5.3 Emerging Leaders
10.5.4 Participants
Figure 55 Top 10 High and Medium Voltage Products Market: Company Evaluation Matrix, 2022
10.6 Startups/SMEs Evaluation Matrix, 2022
10.6.1 Progressive Companies
10.6.2 Responsive Companies
10.6.3 Dynamic Companies
10.6.4 Starting Blocks
Figure 56 Top 10 High and Medium Voltage Products Market: Startups/SMEs Evaluation Matrix, 2022
10.7 Competitive Benchmarking
Table 111 Top 10 High and Medium Voltage Products Market: List of Key Startups/SMEs
Table 112 Top 10 High and Medium Voltage Products Market: Competitive Benchmarking of Key Startups/SMEs
10.8 Company Footprint
Table 113 Product: Company Footprint
Table 114 End-user: Company Footprint
Table 115 Region: Company Footprint
Table 116 Overall Company Footprint
10.9 Competitive Scenarios and Trends
10.9.1 Product Launches
Table 117 Top 10 High and Medium Voltage Products Market: Product Launches, 2021-2023
10.9.2 Deals
Table 118 Top 10 High and Medium Voltage Products Market: Deals, 2021-2023
10.9.3 Others
Table 119 Top 10 High and Medium Voltage Products Market: Others, 2021-2023

11 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View)*
11.1 Key Players
11.1.1 Siemens
Table 120 Siemens: Company Overview
Figure 57 Siemens: Company Snapshot
Table 121 Siemens: Products/Solutions/Services Offered
Table 122 Siemens: Deals
11.1.2 Abb Ltd.
Table 123 Abb Ltd.: Company Overview
Figure 58 Abb Ltd.: Company Snapshot
Table 124 Abb Ltd.: Products/Solutions/Services Offered
Table 125 Abb Ltd.: Product Launches
Table 126 Abb Ltd.: Deals
11.1.3 Hitachi Energy Ltd.
Table 127 Hitachi Energy Ltd.: Company Overview
Figure 59 Hitachi Energy Ltd.: Company Snapshot
Table 128 Hitachi Energy Ltd.: Products/Solutions/Services Offered
Table 129 Hitachi Energy Ltd.: Deals
11.1.4 Schneider Electric
Table 130 Schneider Electric: Company Overview
Figure 60 Schneider Electric: Company Snapshot
Table 131 Schneider Electric: Products/Solutions/Services Offered
11.1.5 Prysmian Group
Table 132 Prysmian Group: Company Overview
Figure 61 Prysmian Group: Company Snapshot
Table 133 Prysmian Group: Products/Solutions/Services Offered
Table 134 Prysmian Group: Product Launches
Table 135 Prysmian Group: Deals
Table 136 Prysmian Group: Others
11.1.6 Bharat Heavy Electricals Limited
Table 137 Bharat Heavy Electricals Limited: Company Overview
Figure 62 Bharat Heavy Electricals Limited: Company Snapshot
Table 138 Bharat Heavy Electricals Limited: Products/Solutions/Services Offered
Table 139 Bharat Heavy Electricals Limited.: Product Launches
11.1.7 Ge
Table 140 Ge: Company Overview
Figure 63 Ge: Company Snapshot
Table 141 Ge: Products/Solutions/Services Offered
11.1.8 Lucy Electric
Table 142 Lucy Electric: Company Overview
Table 143 Lucy Electric: Products/Solutions/Services Offered
11.1.9 Nexans
Table 144 Nexans: Company Overview
Figure 64 Nexans: Company Snapshot
Table 145 Nexans: Products/Solutions/Services Offered
Table 146 Nexans: Deals
Table 147 Nexans: Others
11.1.10 Sumitomo Electric Industries, Ltd.
Table 148 Sumitomo Electric Industries, Ltd.: Company Overview
Figure 65 Sumitomo Electric Industries Ltd.: Company Snapshot
Table 149 Sumitomo Electric Industries Ltd.: Products/Solutions/Services Offered
Table 150 Sumitomo Electric Industries Ltd.: Deals
Table 151 Sumitomo Electric Industries Ltd.: Others
11.1.11 Orecco
Table 152 Orecco: Company Overview
Table 153 Orecco: Products/Solutions/Services Offered
11.1.12 Mitsubishi Electric Corporation
Table 154 Mitsubishi Electric Corporation: Company Overview
Figure 66 Mitsubishi Electric Corporation: Company Snapshot
Table 155 Mitsubishi Electric Corporation: Products/Solutions/Services Offered
Table 156 Mitsubishi Electric Corporation: Deals
11.1.13 G&W Electric
Table 157 G&W Electric: Company Overview
Table 158 G&W Electric: Products/Solutions/Services Offered
11.1.14 Toshiba Corporation
Table 159 Toshiba Corporation: Company Overview
Figure 67 Toshiba Corporation: Company Snapshot
Table 160 Toshiba Corporation: Products/Solutions/Services Offered
11.1.15 Hd Hyundai Electric
Table 161 Hd Hyundai Electric: Company Overview
Figure 68 Hd Hyundai Electric: Company Snapshot
Table 162 Hd Hyundai Electric: Products/Solutions/Services Offered
11.1.16 Anchor Electricals Private Limited
Table 163 Anchor Electricals Private Limited: Company Overview
Table 164 Anchor Electricals Private Limited: Products/Solutions/Services Offered
11.1.17 Eaton
Table 165 Eaton: Company Overview
Figure 69 Eaton: Company Snapshot
Table 166 Eaton: Products/Solutions/Services Offered
Table 167 Eaton: Deals
11.1.18 Nkt A/S
Table 168 Nkt A/S: Company Overview
Figure 70 Nkt A/S: Company Snapshot
Table 169 Nkt A/S: Products/Solutions/Services Offered
Table 170 Nkt A/S: Product Launches
Table 171 Nkt A/S: Deals
Table 172 Nkt A/S: Others
11.1.19 Kei Industries Limited
Table 173 Kei Industries Limited: Company Overview
Figure 71 Kei Industries Limited: Company Snapshot
Table 174 Kei Industries Limited: Products/Solutions/Services Offered
Table 175 Kei Industries Limited: Deals
11.1.20 Havells India Ltd.
Table 176 Havells India Ltd.: Company Overview
Figure 72 Havells India Ltd.: Company Snapshot
Table 177 Havells India Ltd.: Products/Solutions/Services Offered
Table 178 Havells India Ltd.: Deals
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View Might Not be Captured in the Case of Unlisted Companies.

12 Appendix
12.1 Insights from Industry Experts
12.2 Discussion Guide
12.3 Knowledgestore: Subscription Portal
12.4 Customization Options

Executive Summary

Companies Mentioned

  • ABB Ltd.
  • Anchor Electricals Private Limited
  • Bharat Heavy Electricals Limited
  • Eaton
  • G&W Electric
  • GE
  • Havells India Ltd.
  • HD Hyundai Electric
  • Hitachi Energy Ltd.
  • KEI Industries Limited
  • Lucy Electric
  • Mitsubishi Electric Corporation
  • Nexans
  • NKT A/S
  • Orecco
  • Prysmian Group
  • Schneider Electric
  • Siemens
  • Sumitomo Electric Industries, Ltd.
  • Toshiba Corporation

Table Information

Report AttributeDetails
No. of Pages232
PublishedNovember 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 264.1 Billion
Forecasted Market Value ( USD ) by 2028 $ 349.7 Billion
Compound Annual Growth Rate5.8%
Regions CoveredGlobal
No. of Companies Mentioned20

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