HOME Top Market Reports Top 10 High & Medium Voltage Products Market HV (Switchgear, HV Cables, Power Transformer, Gas Insulated Switchgear), MV (Ring Main Unit, Recloser, MV Cables, Voltage Regulator, Surge Protection Devices, Disconnect Switch) - Global Forecast to 2021

Top 10 High & Medium Voltage Products Market HV (Switchgear, HV Cables, Power Transformer, Gas Insulated Switchgear), MV (Ring Main Unit, Recloser, MV Cables, Voltage Regulator, Surge Protection Devices, Disconnect Switch) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: EP 4956

 

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The top 10 high voltage and medium voltage products market is expected to grow from an estimated USD 214.99 Billion in 2016 to USD 320.53 Billion by 2021. Factors such as modernization of existing power grids, increased investments in renewable energy, adoption of smart grid technology and growth of offshore wind farms are driving the market worldwide.

Objectives of the study

  • To define and segment the top 10 high voltage and medium voltage products market with respect to region
  • To estimate the market size, in terms of value, of the top 10 high voltage and medium voltage products market
  • To identify factors driving or inhibiting the growth of the market, and their present and future impact on the market
  • To identify the drivers, restraints, opportunities, and challenges of the top 10 high voltage and medium voltage products market
  • To analyze major stakeholders in the market and provide details regarding the competitive landscape for key market leaders
  • To study the industry trends and forecast the market for major regions, namely, Europe, and Asia-Pacific, among others
  • To strategically identify and profile global as well as local players in the top 10 high voltage and medium voltage products market and comprehensively analyze their market ranking and core competencies
  • To analyze competitive developments such as new product launches, mergers & acquisitions, expansions, and supply contracts in the top 10 high voltage and medium voltage products market

The years considered for the study are as follows:

  • Historical Year: 2014
  • Base Year: 2015
  • Estimated Year: 2016
  • Projected Year: 2021
  • Forecast Period: From 2016 to 2021

For company profiles in the report, 2015 has been used as the base year. Wherever recent (2015) data was unavailable, the previous year’s (2014) data has been included.

Research Methodology

This research study involved extensive usage of secondary sources, directories, and databases (such as Hoovers, Bloomberg, Businessweek, and Factiva) to identify and collect information, useful for this technical, market-oriented, and commercial study of top 10 high voltage and medium voltage products. The points mentioned below explain the research methodology applied in making this report.

* Core competencies of the companies are captured in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain their position in the market.

  • Analysis of country-wise electricity generation and consumption for past 10 years
  • Analysis of region-wise capital expenditure in the transmission and distribution network for past 5 years
  • Country-wise analysis of investments in smart grid
  • Analysis of market trends, of top 10 high voltage and medium voltage products across regions
  • The overall market sizes have been finalized by triangulating the supply-side data, including product developments, supply chain, and global annual sales of top 10 high voltage and medium voltage products

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below shows the breakdown of the primaries on the basis of company type, designation, and region, conducted during the research study.

Top 10 High & Medium Voltage Products Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem

The top 10 high voltage and medium voltage products market starts with the manufacturing of equipment such as switchgears, transformers, and cables, among others. ABB Ltd. (Switzerland), General Electric Company (U.S.), and Siemens AG (Germany), among others are the leading equipment and service providers. The final stage covers application in the end-use industries such as transmission & distribution utilities, manufacturing & process industries, and commercial & residential infrastructure, among others.

Top 10 High & Medium Voltage Products Market

Stakeholders

The stakeholders included in this report are as follows:

  • Consulting companies in the E&P sector
  • Investment banks
  • Shareholders and investors
  • Power companies
  • High voltage cable manufacturing companies
  • Medium voltage cable manufacturing companies
  • Government and research organizations
  • Energy associations
  • Environmental associations
  • Power transformer component manufacturers, dealers, and suppliers
  • Substation equipment manufacturing companies
  • Power grid project developers
  • Companies related to electric power generation, transmission, and distribution
  • Banks, venture capitalists, financial institutions, and other investors
  • Large commercial building constructors
  • State and national regulatory authorities
  • Switchgear manufacturers, dealers, and suppliers
  • Transmission and distribution utilities
  • Disconnector switch manufacturers
  • Circuit breaker and fuse manufacturing companies
  • Current limiting devices manufacturers
  • Metal ore (copper, aluminum, and their alloy) suppliers
  • Recloser manufacturers
  • Government-owned power grids
  • Ring main unit manufacturing companies
  • Power surge protection device manufacturers, dealers, and suppliers
  • Communication equipment vendors
  • Surge protectors component manufacturers
  • Voltage regulator manufacturers
  • Gas insulated switchgear manufacturers
  • SF6 and other raw material producers

“The study answers several questions for the stakeholders, primarily which market segments to focus in the next 2–5 years for prioritizing efforts and investments.”

Scope of the Report

  • High Voltage Products
    • High Voltage Cables and Accessories
    • Switchgear
    • Power Transformer
    • Gas Insulated Switchgear
  • Medium Voltage Products
    • Recloser
    • Ring Main Unit
    • Disconnect Switch
    • Surge Protection Devices
    • Voltage Regulator
    • Medium Voltage Cables and Accessories
  • By Region
    • Asia-Pacific
    • Europe
    • Other Regions*

*Other regions varies from product to product

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 High Voltage Cables & Accessories
           1.2.2 Switchgear
           1.2.3 Gas Insulated Switchgear
           1.2.4 Power Transformers
           1.2.5 Disconnect Switches
           1.2.6 Fault Current Limiter
           1.2.7 Recloser
           1.2.8 Ring Main Unit
           1.2.9 Surge Protection Devices
           1.2.10 Voltage Regulator
           1.2.11 Medium Voltage Cables & Accessories
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders for High Voltage & Medium Voltage Products

2 Research Methodology (Page No. - 25)
    2.1 Introduction
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Sources
                     2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary & Premium Insights (Page No. - 31)
    3.1 Introduction
    3.2 Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 High Voltage and Medium Voltage Products Market (Page No. - 40)
    4.1 Introduction
    4.2 Switchgear
           4.2.1 Market Dynamics
                     4.2.1.1 Drivers
                                         4.2.1.1.1 Continued Growth of Construction & Developmental Activities
                                         4.2.1.1.2 Increasing Access to Electricity
                                         4.2.1.1.3 Power Plant Modernization & Refurbishment
                                         4.2.1.1.4 Growth in Renewable Power Generation
                     4.2.1.2 Restraints
                                         4.2.1.2.1 Stringent Environmental & Safety Regulations for Sf6 Switchgears
                                         4.2.1.2.2 Increasing Competition From Unorganized Sector of Switchgear Market
                     4.2.1.3 Opportunities
                                         4.2.1.3.1 Adoption of Smart Grid Technology
                                         4.2.1.3.2 Aging Power Infrastructure
                                         4.2.1.3.3 HVDC Transmission
                     4.2.1.4 Challenges
                                         4.2.1.4.1 Cyber Security
                                         4.2.1.4.2 Price Volatility of Raw Materials
           4.2.2 Switchgear Market
           4.2.3 Asia-Pacific
           4.2.4 North America
           4.2.5 Europe
           4.2.6 Middle East & Africa
           4.2.7 South America
    4.3 High Voltage Cables & Accessories
           4.3.1 Market Dynamics
                     4.3.1.1 Drivers
                                         4.3.1.1.1 Growth of Offshore Wind Farms
                                         4.3.1.1.2 Projects for Grid Interconnections Benefit the High Voltage Cable Market
                                         4.3.1.1.3 Need for Efficient Transmission Systems
                     4.3.1.2 Restraints
                                         4.3.1.2.1 Complex Planning & Authorization Procedures Delay Projects
                                         4.3.1.2.2 Regulatory Environment & Funding Constraints Make the Market Volatile
                     4.3.1.3 Opportunities
                                         4.3.1.3.1 Increasing Power Generation Capacity
                                         4.3.1.3.2 Adoption of Smart-Grid Technology
                                         4.3.1.3.3 Offshore Wind Policy of Emerging Countries
                     4.3.1.4 Challenges
                                         4.3.1.4.1 Technical Expertise for High Voltage Cable Systems
                                         4.3.1.4.2 Buoyant Demand Puts Strain on the Supply Chain
           4.3.2 High Voltage Cables & Accessories Market
           4.3.3 Asia-Pacific
           4.3.4 Europe
           4.3.5 North America
           4.3.6 Latin America
           4.3.7 Middle East & Africa
    4.4 Power Transformer
           4.4.1 Market Dynamics
                     4.4.1.1 Drivers
                                         4.4.1.1.1 Modernization of Existing Power Grids
                                         4.4.1.1.2 High Demand and Initiatives for Smart Grid Development
                                         4.4.1.1.3 Growth of the Renewable Energy Sector
                                         4.4.1.1.4 Emerging Demand in High-Growth Markets
                     4.4.1.2 Restraints
                                         4.4.1.2.1 Reluctance to Replace Aging Infrastructure
                                         4.4.1.2.2 Standardization of Products
                     4.4.1.3 Opportunities
                                         4.4.1.3.1 Deployment of Green Transformers
                                         4.4.1.3.2 Increasing Investments in T&D Infrastructure
                                         4.4.1.3.3 Expanding Cross-Border Electricity Trade
                                         4.4.1.3.4 HVDC Transmission Methods for Long-Distance Transmission
                     4.4.1.4 Challenges
                                         4.4.1.4.1 Delays in Grid Expansion Projects
           4.4.2 Power Transformer Market
           4.4.3 Asia-Pacific
           4.4.4 Europe
           4.4.5 North America
           4.4.6 South America
           4.4.7 Middle East
           4.4.8 Africa
    4.5 Gas Insulated Switchgear
           4.5.1 Market Dynamics
                     4.5.1.1 Drivers
                                         4.5.1.1.1 Compact Design of the Switchgear
                                         4.5.1.1.2 Higher Efficiency as Compared to Conventional Switchgear and Ais
                                         4.5.1.1.3 High Serving Life
                                         4.5.1.1.4 Low Maintenance
                     4.5.1.2 Restraints
                                         4.5.1.2.1 High Cost of Equipment as Compared to Ais
                     4.5.1.3 Opportunities
                                         4.5.1.3.1 Development of Environmental Friendly Alternative to Sf6 Gas
                                         4.5.1.3.2 Rising Energy Demand and Limitations of Space in Densely Populated Urban Areas
                                         4.5.1.3.3 Replacement of Old Switchgear at Substations in Developed Regions Such as North America and Europe
                     4.5.1.4 Challenges
                                         4.5.1.4.1 the Harmful Effects of Sf6 Gas
           4.5.2 Gas Insulated Switchgear Market
           4.5.3 Asia-Pacific
           4.5.4 Europe
           4.5.5 GCC
           4.5.6 North America
           4.5.7 Rest of the World
    4.6 Ring Main Unit
           4.6.1 Market Dynamics
                     4.6.1.1 Drivers
                                         4.6.1.1.1 Modernization of the Existing Power Infrastructure
                                         4.6.1.1.2 Capacity Addition & Enhancement Plans
                                         4.6.1.1.3 Smart Distribution Networks
                     4.6.1.2 Restraints
                                         4.6.1.2.1 High Cost Compared to Conventional Switchgears
                                         4.6.1.2.2 Declining Energy Costs
                     4.6.1.3 Opportunities
                                         4.6.1.3.1 Developing Renewable Energy Sector
                                         4.6.1.3.2 Demand for Uninterrupted Power From the Transport Sector
                     4.6.1.4 Challenges
                                         4.6.1.4.1 Low Demand Due to A Plunge in Commodity Prices
                                         4.6.1.4.2 Low-Quality Counterfeits & the Grey Market
           4.6.2 Ring Main Unit Market
           4.6.3 Asia-Pacific
           4.6.4 Europe
           4.6.5 North America
           4.6.6 Middle East
           4.6.7 South America
           4.6.8 Africa
    4.7 Recloser
           4.7.1 Market Dynamics
                     4.7.1.1 Drivers
                                         4.7.1.1.1 Increasing Distribution Automation for Power Quality & Reliability
                                         4.7.1.1.2 Increased Infrastructural Developments
                                         4.7.1.1.3 Expansion of T&D Networks
                                         4.7.1.1.4 Growth in Renewable Power Generation
                     4.7.1.2 Restraints
                                         4.7.1.2.1 Increasing Competition From the Unorganized Sector
                                         4.7.1.2.2 High-Cost of Reclosers
                                         4.7.1.2.3 Availability of Cheaper Alternatives
                                         4.7.1.2.4 Lack of Investment By Governments in Grid Stability
                     4.7.1.3 Opportunities
                                         4.7.1.3.1 Increasing Investments in Smart Grid Vision
                                         4.7.1.3.2 Implementation of Performance-Based Incentives Schemes & Guaranteed Service Programs
                                         4.7.1.3.3 Changing Utility Industry
                     4.7.1.4 Challenges
                                         4.7.1.4.1 Upgradation of Existing Substation & Feeder Line Protection
           4.7.2 Recloser Market
           4.7.3 North America
           4.7.4 Asia-Pacific
           4.7.5 Europe
           4.7.6 Middle East
           4.7.7 South America
           4.7.8 Africa
    4.8 Medium Voltage Cables & Accessories
           4.8.1 Market Dynamics
                     4.8.1.1 Drivers
                                         4.8.1.1.1 Increasing Renewable Energy Production
                                         4.8.1.1.2 Growth in Industrialization & Urbanization
                                         4.8.1.1.3 Government Initiatives to Expand Or Upgrade the T & D System
                     4.8.1.2 Restraints
                                         4.8.1.2.1 Funding Constraints Increase Market Volatility
                                         4.8.1.2.2 Complex Planning & Authorization Delay Projects
                     4.8.1.3 Opportunities
                                         4.8.1.3.1 Increasing Power Demand
                                         4.8.1.3.2 Wind Policies in Key Countries
                     4.8.1.4 Challenges
                                         4.8.1.4.1 Raw Material Price Volatility
                                         4.8.1.4.2 Budding Grey Market Providing Low-Quality & Cheap Products
           4.8.2 Medium Voltage Cables & Accessories Market
           4.8.3 Asia-Pacific
           4.8.4 Europe
           4.8.5 North America
           4.8.6 Latin America
           4.8.7 Middle East & Africa
    4.9 Voltage Regulators
           4.9.1 Market Dynamics
                     4.9.1.1 Drivers
                                         4.9.1.1.1 Compulsion of Voltage Regulation
                                         4.9.1.1.2 Increasing Power Demand
                     4.9.1.2 Restraints
                                         4.9.1.2.1 High Capital Investment
                     4.9.1.3 Opportunities
                                         4.9.1.3.1 Replacements/Upgrade of Aged Distribution Networks
                                         4.9.1.3.2 Urge to Increase the Efficiency of Distribution Grids
                     4.9.1.4 Challenges
                                         4.9.1.4.1 Non-Uniform Standards
           4.9.2 Voltage Regulators Market
           4.9.3 Asia-Pacific
           4.9.4 Americas
           4.9.5 Europe
           4.9.6 Middle East & Africa
    4.10 Fault Current Limiter
           4.10.1 Market Dynamics
                     4.10.1.1 Drivers
                                         4.10.1.1.1 Interconnection to Electric Utility Grid
                                         4.10.1.1.2 Growing Concern for Efficient & Reliable Power
                                         4.10.1.1.3 Government Initiatives to Expand Or Upgrade the T&D System
                                         4.10.1.1.4 Inadequacy of Circuit Breakers & Fuses
                     4.10.1.2 Restraints
                                         4.10.1.2.1 Less Commercialization
                                         4.10.1.2.2 Non-Uniformity of Generally Accepted Standards for Fcls
                     4.10.1.3 Opportunities
                                         4.10.1.3.1 Demand for Intelligent & Modernized Power Grid Infrastructure
                                         4.10.1.3.2 Rise in Renewable Energy Targets
                     4.10.1.4 Challenges
                                         4.10.1.4.1 Safety Concerns
                                         4.10.1.4.2 Robust Size and High Cost for Htsfcl
           4.10.2 Fault Current Limiter Market
           4.10.3 North America
           4.10.4 Asia-Pacific
           4.10.5 Europe
           4.10.6 Rest of the World
    4.11 Surge Protection Devices
           4.11.1 Market Dynamics
                     4.11.1.1 Drivers
                                         4.11.1.1.1 Growing Demand for Electronic Devices
                                         4.11.1.1.2 Ongoing Power Quality Issues
                                         4.11.1.1.3 Rise in Alternative Energy Programs
                                         4.11.1.1.4 High Cost Due to Equipment Failure Through Voltage Spikes
                     4.11.1.2 Restraints
                                         4.11.1.2.1 Surge Protection Devices are Limited Only to Voltage Spikes and Surges
                                         4.11.1.2.2 Additional Cost for Installation
                     4.11.1.3 Opportunity
                                         4.11.1.3.1 Emerging Economies & Increased Investment in Renewable Energy Sector
                     4.11.1.4 Challenges
                                         4.11.1.4.1 Poor Design Parameters and Misleading Assumptions
                                         4.11.1.4.2 InapproPRIAte Testing
                                         4.11.1.4.3 Fire and Safety Issues
           4.11.2 Surge Protection Devices Market
           4.11.3 North America
           4.11.4 Asia-Pacific
           4.11.5 Europe
           4.11.6 Middle East & Africa
           4.11.7 South America
    4.12 Disconnect Switch
           4.12.1 Market Dynamics
                     4.12.1.1 Drivers
                                         4.12.1.1.1 Growth in Transmission and Distribution Network
                                         4.12.1.1.2 Growth in Industrialization and Urbanization
                                         4.12.1.1.3 Increasing Safety Concern
                     4.12.1.2 Restraints
                                         4.12.1.2.1 Fluctuating Prices of Raw Material
                                         4.12.1.2.2 Low Quality and Cheap Products
                     4.12.1.3 Opportunities
                                         4.12.1.3.1 Rising Demand of Power
                                         4.12.1.3.2 Increasing Focus Towards Renewables
                     4.12.1.4 Challenges
                                         4.12.1.4.1 Price Competition Among Market Players
                                         4.12.1.4.2 Executing Projects in Countries Where Political Issues are A Major Concern
           4.12.2 Disconnect Switch Market
           4.12.3 Asia-Pacific
           4.12.4 North America
           4.12.5 Europe
           4.12.6 Rest of the World

5 Competitive Landscape (Page No. - 142)
    5.1 Overview
    5.2 Market Ranking, 2015
    5.3 Competitive Situation & Trends
    5.4 Contracts & Agreements
    5.5 New Product Launches
    5.6 Expansions
    5.7 Mergers & Acquisitions
    5.8 Others (Joint Ventures, Partnerships, Collaborations, and Strategic Alliances)

6 Company Profiles (Page No. - 154)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
    6.1 Introduction
    6.2 ABB Ltd.
    6.3 Bharat Heavy Electricals Limited
    6.4 Crompton Greaves Limited
    6.5 Eaton Corporation PLC.
    6.6 General Cable Corporation
    6.7 General Electric
    6.8 Hitachi Limited
    6.9 Hyundai Heavy Industries Co., Ltd.
    6.10 Mitsubishi Electric Corporation
    6.11 Nexans S.A.
    6.12 NKT Cables
    6.13 Prysmian S.P.A
    6.14 Schneider Electric
    6.15 Siemens AG
    6.16 Toshiba Corporation

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

7 Appendix (Page No. - 244)
    7.1 Insights of Industry Experts
    7.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
    7.3 Introducing RT: Real-Time Market Intelligence
    7.4 Available Customizations
    7.5 Complete Syndicated Reports
    7.6 Author Details


List of Tables (75 Tables)

Table 1 Access to Electricity in 2013
Table 2 Switchgear Market Size, By Region, 2014–2021 (USD Billion)
Table 3 Asia-Pacific: Switchgear Market Size, By Country, 2014–2021 (USD Billion)
Table 4 North America: Switchgear Market Size, By Country, 2014–2021 (USD Billion)
Table 5 Europe: Switchgear Market Size, By Country, 2014–2021 (USD Billion)
Table 6 Middle East & Africa: Switchgear Market Size, By Country, 2014–2021 (USD Billion)
Table 7 South America: Switchgear Market Size, By Country, 2014–2021 (USD Billion)
Table 8 High Voltage Cables & Accessories Market Size, By Region, 2014–2021 (USD Billion)
Table 9 Asia-Pacific: High Voltage Cables & Accessories Market Size, By Country, 2014–2021 (USD Billion)
Table 10 Europe: High Voltage Cables & Accessories Market Size, By Country, 2014–2021 (USD Billion)
Table 11 North America: High Voltage Cables & Accessories Market Size, By Country, 2014–2021 (USD Billion)
Table 12 Latin America: High Voltage Cables & Accessories Market Size, By Country, 2014–2021 (USD Billion)
Table 13 Middle East & Africa: High Voltage Cables & Accessories Market Size, By Country, 2014–2021 (USD Billion)
Table 14 Global T&D Infrastructure Expansion Plans
Table 15 Power Transformer Market Size, By Region, 2014–2021 (USD Billion)
Table 16 Asia-Pacific: Power Transformer Market Size, By Country, 2014–2021 (USD Billion)
Table 17 Europe: Power Transformer Market Size, By Country, 2014–2021 (USD Billion)
Table 18 North America: Power Transformer Market Size, By Country, 2014–2021 (USD Billion)
Table 19 South America: Power Transformer Market Size, By Country, 2014–2021 (USD Billion)
Table 20 Middle East: Power Transformer Market Size, By Country, 2014–2021 (USD Billion)
Table 21 Africa: Power Transformer Market Size, By Country, 2014–2021 (USD Billion)
Table 22 Gas Insulated Switchgear Market Size, By Region, 2014–2021 (USD Million)
Table 23 Asia-Pacific: Gas Insulated Switchgear Market Size, By Country, 2014–2021 (USD Billion)
Table 24 Europe: Gas Insulated Switchgear Market Size, By Country, 2014–2021 (USD Billion)
Table 25 GCC: Gas Insulated Switchgear Market Size, By Country, 2014–2021 (USD Billion)
Table 26 North America: Gas Insulated Switchgear Market Size, By Country, 2014–2021 (USD Billion)
Table 27 Rest of the World: Gas Insulated Switchgear Market Size, By Country, 2014–2021 (USD Million)
Table 28 Ring Main Unit Market Size, By Region, 2014–2021 (USD Million)
Table 29 Asia-Pacific: Ring Main Unit Market Size, By Country, 2014–2021 (USD Million)
Table 30 Europe: Ring Main Unit Market Size, By Country, 2014–2021 (USD Million)
Table 31 North America: Ring Main Unit Market Size, By Country, 2014–2021 (USD Million)
Table 32 Middle East: Ring Main Unit Market Size, By Country, 2014–2021 (USD Million)
Table 33 South America: Ring Main Unit Market Size, By Country, 2014–2021 (USD Million)
Table 34 Africa: Ring Main Unit Market Size, By Country, 2014–2021 (USD Million)
Table 35 Recloser Market Size, By Region, 2014–2021 (USD Million)
Table 36 North America: Recloser Market Size, By Country, 2014–2021 (USD Million)
Table 37 Asia-Pacific: Recloser Market Size, By Country, 2014–2021 (USD Million)
Table 38 Europe: Recloser Market Size, By Country, 2014–2021 (USD Million)
Table 39 Middle East: Recloser Market Size, By Country, 2014–2021 (USD Million)
Table 40 South America: Recloser Market Size, By Country, 2014–2021 (USD Million)
Table 41 Africa: Recloser Market Size, By Country, 2014–2021 (USD Million)
Table 42 Medium Voltage Cables & Accessories Market Size, By Region, 2014–2021 (USD Billion)
Table 43 Asia-Pacific: Medium Voltage Cables & Accessories Market Size, By Country, 2014–2021 (USD Billion)
Table 44 Europe: Medium Voltage Cables & Accessories Market Size, By Country, 2014–2021 (USD Billion)
Table 45 North America: Medium Voltage Cables & Accessories Market Size, By Country, 2014–2021 (USD Billion)
Table 46 Latin America: Medium Voltage Cables & Accessories Market Size, By Country, 2014–2021 (USD Billion)
Table 47 Middle East & Africa: Medium Voltage Cables & Accessories Market Size, By Country, 2014–2021 (USD Billion)
Table 48 Voltage Regulators Market Size, By Region, 2014–2021 (USD Million)
Table 49 Asia-Pacific: Voltage Regulators Market Size, By Country, 2014–2021 (USD Million)
Table 50 Americas: Voltage Regulators Market Size, By Country, 2014–2021 (USD Million)
Table 51 Europe: Voltage Regulators Market Size, By Country, 2014–2021 (USD Million)
Table 52 Middle East & Africa: Voltage Regulators Market Size, By Country, 2014–2021 (USD Million)
Table 53 Access to Electricity (% of Population)
Table 54 Fault Current Limiter Market Size, By Region, 2014–2021 (USD Million)
Table 55 North America: Fault Current Limiter Market Size, By Country, 2014–2021 (USD Million)
Table 56 Asia-Pacific: Fault Current Limiter Market Size, By Country, 2014–2021 (USD Million)
Table 57 Europe: Fault Current Limiter Market Size, By Country, 2014–2021 (USD Million)
Table 58 Rest of the World: Fault Current Limiter Market Size, By Country, 2014–2021 (USD Million)
Table 59 Asia Pacific: Country Analysis, 2013
Table 60 Surge Protection Devices Market Size, By Region, 2014–2021 (USD Million)
Table 61 North America: Surge Protection Devices Market Size, By Country, 2014–2021 (USD Million)
Table 62 Asia-Pacific: Surge Protection Devices Market Size, By Country, 2014–2021 (USD Million)
Table 63 Europe: Surge Protection Devices Market Size, By Country, 2014–2021 (USD Million)
Table 64 Middle East & Africa: Surge Protection Devices Market Size, By Country, 2014–2021 (USD Million)
Table 65 South America: Surge Protection Devices Market Size, By Country, 2014–2021 (USD Million)
Table 66 Disconnect Switch Market Size, By Region, 2014–2021 (USD Billion)
Table 67 Asia-Pacific: Disconnect Switch Market Size, By Country, 2014–2021 (USD Million)
Table 68 North America: Disconnect Switch Market Size, By Country, 2014–2021 (USD Million)
Table 69 Europe: Disconnect Switch Market Size, By Country, 2014–2021 (USD Million)
Table 70 Rest of the World: Disconnect Switch Market Size, By Country, 2014–2021 (USD Million)
Table 71 Contracts & Agreements
Table 72 New Product Launches
Table 73 Expansions
Table 74 Mergers & Acquisitions
Table 75 Others (Joint Venture, Partnerships, Collaborations, and Strategic Alliances)
 
 
List of Figures (62 Figures)
 
Figure 1 Medium Voltage Products Market, By Region
Figure 2 High Voltage Products Market, By Region
Figure 3 High Voltage and Medium Voltage Products Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Data Triangulation Methodology
Figure 6 Market Size for HV & MV Products, 2015 (USD Million)
Figure 7 Attractive Market Opportunities in the Switchgear Market
Figure 8 Attractive Market Opportunities in the High Voltage Cables & Accessories Market
Figure 9 Attractive Market Opportunities in the Power Transformer Market
Figure 10 Attractive Market Opportunities in the Gas Insulated Switchgear Market
Figure 11 Attractive Market Opportunities in the Disconnect Switch Market
Figure 12 Attractive Market Opportunities in the Voltage Regulator Market
Figure 13 Attractive Market Opportunities in the Fault Current Limiter Market
Figure 14 Attractive Market Opportunities in the Surge Protection Devices Market
Figure 15 Attractive Market Opportunities in the Ring Main Unit Market
Figure 16 Attractive Market Opportunities in the Recloser Market
Figure 17 Attractive Market Opportunities in the Medium Voltage Cables & Accessories Market
Figure 18 High Voltage Products Market By Region, 2015 (USD Million)
Figure 19 Medium Voltage Products Market By Region, 2015 (USD Million)
Figure 20 Top Market Developments (2012–2016)
Figure 21 High Voltage Products Market Share By Region, 2015
Figure 22 Medium Voltage Products Market Share By Region, 2015
Figure 23 Growth in Renewable Power Generation Drives the Switchgear Market
Figure 24 Growth of Offshore Wind Farms & Need for Efficient Transmission Systems are Propelling Market Growth
Figure 25 Replacement of Aging Infrastructure to Propel Market Growth
Figure 26 Smart Grid Investments in the U.S., 2013, (USD Billion)
Figure 27 Global Investment in Renewable Sector, (USD Billion)
Figure 28 Global Energy Consumption, By Regions, 2013, (MTOE)
Figure 29 Market Dynamics for Gas Insulated Switchgear Market
Figure 30 Global Electricity Consumption, 2011-2015
Figure 31 Global Electricity Production, 2011-2015
Figure 32 Modernization of Existing Power Infrastructure & Industrialization to Propel Market Growth
Figure 33 Power Infrastructure Failure Rate
Figure 34 Continued Investment in Distributed Automation System is Driving the Recloser Market
Figure 35 Cumulative Spending for Smart Grid in the Next Five Years
Figure 36 Growing Industrialization & Urbanization Along With Increasing Renewable Production to Propel Market Growth
Figure 37 Market Dynamics of Voltage Regulator
Figure 38 Interconnection of Grid Along With Rising Investments in T&D Infrastructure is Expected to Propel the Growth of the Market
Figure 39 Growing Renewable Energy Mix By 2030
Figure 40 Growing Demand for Electronic Devices Drives the Surge Protection Devices Market
Figure 41 Industrialization & Urbanization Along With Expansion in Transmission and Distribution Network Will Propel the Market
Figure 42 Companies Adopted Contracts & Agreements as the Key Growth Strategy, 2012-2016
Figure 43 Key Market Leaders in Medium Voltage Products Market
Figure 44 Key Market Leaders in High Voltage Products Market
Figure 45 Market Evaluation Framework, 2012–2016
Figure 46 Battle for Market Share: Contracts & Agreements Was the Key Strategy, 2012-2016
Figure 47 Region-Wise Revenue Mix of the Market Players
Figure 48 ABB Ltd.: Company Snapshot
Figure 49 Bharat Heavy Electricals Limited: Company Snapshot
Figure 50 Crompton Greaves Limited : Company Snapshot
Figure 51 Eaton Corporation PLC.: Company Snapshot
Figure 52 General Cable Corporation: Company Snapshot
Figure 53 General Electric.: Company Snapshot
Figure 54 Hitachi Ltd.: Company Snapshot
Figure 55 Hyundai Heavy Industries Co., Ltd. : Company Snapshot
Figure 56 Mitsubishi Electric Corporation : Company Snapshot
Figure 57 Nexans S.A. : Company Snapshot
Figure 58 NKT Cables: Company Snapshot
Figure 59 Prysmian S.P.A: Company Snapshot
Figure 60 Schneider Electric: Company Snapshot
Figure 61 Siemens AG: Company Snapshot
Figure 62 Toshiba Corporation : Company Snapshot

The top 10 high voltage and medium voltage products market is expected to grow from an estimated USD 214.99 Billion in 2016 to USD 320.53 Billion by 2021. Factors such as modernization of existing power grids, increased investments in renewable energy, adoption of smart grid technology and growth of offshore wind farms are driving the market globally.

The report segments the top 10 high voltage and medium voltage products market on the basis of high voltage products, medium voltage products and region. The high voltage products include power transformer, switchgear, high voltage cables & accessories and gas insulated switchgear. The medium voltage products include disconnect switch, recloser, ring main unit, surge protection devices, voltage regulator and medium voltage cables & accessories.

In terms of market, by type, of high voltage product, the switchgear market held the largest market size in 2015. Factors such as power plant modernization and refurbishment, continued construction and economic development activities (industrial and commercial) across the globe, coupled with rising population resulting in increasing demand for electricity and subsequent investments in new transmission & distribution infrastructure would necessitate growth in the market for switchgears.

In this report, the top 10 high voltage and medium voltage products market has been analyzed with respect to the following regions, namely, Asia-Pacific, and Europe, among other regions. In the Asia-Pacific region, the market growth of top 10 high voltage and medium voltage products can be attributed to factors such as increasing grid investments, especially in developing economies such as China, India, and other South East Asian countries, that focus on rural electrification, transmission & distribution network expansion, large scale industrialization, growing urban population, among others. Factors such as adoption of smart grid and substation automation projects also aids the market growth.

Top 10 High & Medium Voltage Products Market

The demand for top 10 high voltage and medium voltage products can be directly linked to the development of generation, transmission and distribution infrastructure. The demand for these products is also driven by growth in renewable power generation and upgradation of old power infrastructure. However, factors such as fluctuating raw material prices and increasing competition from unorganized sector could restrain the market growth. On the other hand, adoption of smart grid technology and expanding cross-border electricity trade, represent promising growth opportunities for the market.

Some of the leading players in the top 10 high voltage and medium voltage products market include ABB Ltd. (Switzerland), Eaton Corporation Plc (Ireland), General Electric Company (U.S.), Schneider Electric SE (France) and Siemens AG (Germany), among others. Contracts and agreements was the most common strategy adopted by the top players in the market, constituting more than fifty percent of the total development share. It was followed by new product launches, mergers & acquisitions, and expansions, respectively.

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