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High & Medium Voltage Products - Global Market Trajectory & Analytics

  • ID: 4805569
  • Report
  • April 2021
  • Region: Global
  • 207 pages
  • Global Industry Analysts, Inc
Global High and Medium Voltage Products Market to Reach $425.3 Billion by 2027

Amid the COVID-19 crisis, the global market for High and Medium Voltage Products estimated at US$264.4 Billion in the year 2020, is projected to reach a revised size of US$425.3 Billion by 2027, growing at a CAGR of 7% over the analysis period 2020-2027. Switchgear, one of the segments analyzed in the report, is projected to record a 9.3% CAGR and reach US$163.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the High Voltage Cables & Accessories segment is readjusted to a revised 4.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $71.4 Billion, While China is Forecast to Grow at 11.1% CAGR

The High and Medium Voltage Products market in the U.S. is estimated at US$71.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$96.3 Billion by the year 2027 trailing a CAGR of 11.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Power Transformer Segment to Record 6.3% CAGR

In the global Power Transformer segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$23.7 Billion in the year 2020 will reach a projected size of US$35 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$57.8 Billion by the year 2027, while Latin America will expand at a 7.5% CAGR through the analysis period.

Select Competitors (Total 54 Featured):
  • ABB Ltd.
  • Bharat Heavy Electricals Ltd.
  • Crompton Greaves Ltd.
  • Eaton Corporation PLC
  • General Cable Corporation
  • General Electric Company
  • Hitachi Ltd.
  • Hyundai Heavy Industries Co., Ltd.
  • Mitsubishi Electric Corporation
  • Nexans SA
  • NKT Cables Group a/S
  • Prysmian Group
  • Schneider Electric SA
  • Siemens AG
  • Toshiba Corporation
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Rising Demand for Switchgear in Electricity Distribution Systems
  • New Switchgear Technologies on the Rise
  • Medium Voltage Cables - Technology Advancements and Innovation
  • Ultra-High Voltage (UHV) and Smart Switchgear - Emerging Technologies
  • Impact of Covid-19 and a Looming Global Recession
  • Robust Growth of Switchgears, Control Panels, and Capacitors
  • Impressive Growth for Renewable Energy Propelling Demand for Switchgears
  • Future Growth Factors of Medium Voltage Cables
  • Active Players in United States
  • Active Players in Canada
  • Active Players in Japan
  • Active Players in China
  • Active Players in France
  • Active Players in Germany
  • Active Players in Italy
  • Active Players in United Kingdom
  • Active Players in Spain
  • Active Players in Russia
  • Active Players in Rest of Europe
  • Active Players in Australia
  • Active Players in India
  • Active Players in South Korea
  • Active Players in Rest of Asia-Pacific
  • Active Players in Argentina
  • Active Players in Brazil
  • Active Players in Mexico
  • Active Players in Rest of Latin America
  • Active Players in Iran
  • Active Players in Israel
  • Active Players in Saudi Arabia
  • Active Players in United Arab Emirates
  • Active Players in Rest of Middle East
  • Active Players in Africa
  • Total Companies Profiled: 54
Note: Product cover images may vary from those shown