Extra High Voltage Devices Market Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Hitachi ABB Power Grids, Alstom, TBEA, SGB-SMIT

The global market for Extra High Voltage Devices is expected to register a CAGR of more than 5.9% during the forecast period 2022-2027.

Extra High Voltage Devices Market Overview

Extra High Voltage Devices becomes the integral part of the transmission and distribution network. Power transmission includes equipment such as transformers and reactive compensation, breaker, protection and control and communication equipment and others. Continuously growing energy demand will continue to be the central market driver for transmission equipment. Increasing implementation of smart grid across major countries, replacement and upgrade of aging transmission infrastructure and new capacity additions of generation, including renewable, and transmission are the key market drivers of the Extra High Voltage Devices market. Extra High Voltage Devices typically include power transformer, switchgears, control equipment, communicating devices, insulators, and so on. Power transformers and instrument transformers are the devices used in transmission network of higher voltages for step-up and step-down application (400 kV, 200 kV, 110 kV, 66 kV, 33kV). Report also includes the segmentation based on equipment used for different voltage level such as Ultra High Voltage (UHV), Extra High Voltage (EHV), High Voltage Direct Current (HVDC), and High Voltage (HV).

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.

Who are the Major Players in the Extra High Voltage Devices Market?

The global Extra High Voltage Devices includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Hitachi ABB Power Grids, Alstom, TBEA, SGB-SMIT, Mitsubishi Electric, SIEMENS, JSHP Transformer, GE, Schneider, SPX, Weg, Dachi Electric, TOSHIBA, Efacec, Crompton Greaves, Sanbian Sci-Tech, Luneng, ZTR, Chint, Hyundai, Qingdao Transformer Group, JinkoSolar, Eaton, Daihen, Fuji Electric, Sunten Electric, Qiantang River Electric and others

Recent Developments

In November 2019, JinkoSolar had announced to supply 300 MW of its Tiger solar panels, described as an ultra-high voltage demonstration plant in China’s Qinghai’s province. The project is connected to an ultra-high voltage power line that State Grid Corp. of China is building to connect the far northwestern part of the country to the more heavily populated eastern provinces.

What are the major Applications, Types and Regions for Extra High Voltage Devices Market?

Extra High Voltage Devices Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Transformer


• Switch


• Others

By Applications, it is segmented into

• Residential Electricity


• Commercial Electricity


• Industrial Electricity


• Others

Extra High Voltage Devices Market Regional Analysis

In terms of revenue, the Asia Pacific Extra High Voltage Devices market accounted for 37.1 % in 2019, followed by Europe. As most European countries strive for high energy independence and a shift away from oil-intensive industries, the region contributed 24.8 percent of revenue to the global Extra High Voltage Devices market in 2019. The European electrical and electronics industry is focusing on increasing investments in production automation and transitioning to new production processes, which is increasing demand for robotics and integrated assembly solutions (IAS), fueling growth in the European Extra High Voltage Devices market. European transmission and distribution companies design, manufacture, and install high- and medium-voltage products that transmit and distribute electricity worldwide from generation to end user.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Extra High Voltage Devices Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Extra High Voltage Devices Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Extra High Voltage Devices Market report scope?

Key Takeaways from this Extra High Voltage Devices Report

• Evaluate Extra High Voltage Devices market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Extra High Voltage Devices market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Extra High Voltage Devices Market?

The Extra High Voltage Devices Market is growing at a CAGR of 5.9% over the next 5 years.

Who are the key players in Extra High Voltage Devices Market?

Hitachi ABB Power Grids, Alstom, TBEA, SGB-SMIT, Mitsubishi Electric, SIEMENS, JSHP Transformer, GE, Schneider, SPX, Weg, Dachi Electric, TOSHIBA, Efacec, Crompton Greaves, Sanbian Sci-Tech, Luneng, ZTR, Chint, Hyundai, Qingdao Transformer Group, JinkoSolar, Eaton, Daihen, Fuji Electric, Sunten Electric, Qiantang River Electric

What are the significant types of Extra High Voltage Devices Market?

Transformer, Switch, Others

What are the major end-use applications of Extra High Voltage Devices Market?

Residential Electricity, Commercial Electricity, Industrial Electricity, Others

How can I get a sample report/company profiles for the Extra High Voltage Devices Market?

The sample report for Extra High Voltage Devices Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.