High Voltage Equipment Market Worth $136.24 Billion by 2020
Jun 18, 2015, 12:00 ET
DALLAS, June 18, 2015 /PRNewswire/ --
The report "High Voltage Equipment Market by Voltage (UHV,EHV,HVDC,HV),By Equipment (Power Transformers, Switchgear, Switches, Control, Reactive Power, Instrument, Transformer, Relay Panel, Earthing Equipment ,Battery Set)and by Region - Trends to 2020", published by MarketsandMarkets, High Voltage Equipment Market is projected to reach $136.24 Billion by 2020 at a CAGR of 5.44% from 2015 to 2020.
Browse 139 market data Tables and 43 Figures spread through 243 Pages and in-depth TOC on "High Voltage Equipment Market"
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The market report defines and segments the high voltage equipment market with analysis and forecast of the global power Transmission infrastructure and network. It identifies key drivers and restraints in the market with analysis of trends, and opportunities. The market is segmented, and revenues are forecast on the basis of regions, such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. High voltage equipment market is projected to reach $136.24 Billion by 2020 at a CAGR of 5.44% from 2015 to 2020.
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High voltage equipment analyzed in the study includes Switchgears, Switches, Power Transformer ,Instrument Transformer, Reactive power equipment, PLCC, SCADA, Earthing Equipment, Control Equipment, Communication equipment and battery Set equipment. This market is also segmented by voltage level into UHV (Ultra High Voltage) Equipment, EHV (Extra High Voltage Equipment), HVDC (High Voltage Direct Current) Equipment and HV (High Voltage) Equipment.
Growing demand for electricity, modernizing transmission network, rise in number of alternative energy programs in the emerging economies and up gradation of the existing technology in the developed nations are driving the demand for High Voltage Equipment. Key benefits of high voltage equipment include, monitoring and controlling of power flow, reduction in transmission losses, efficient and reliable electricity network system.
Asia-pacific high voltage equipment market in terms of revenue is expected to occupy largest market share in the next five years. This region accounted for approximately 38% of the total market in 2014. The growth rate is also comparatively high for Asia-pacific which is due to continued investments in the T&D network expansion.
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EHV Transmission Market by System and Geography (Asia-Pacific, Europe, the Middle East & Africa, and Americas) - Global Trends & Forecasts to 2019
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