High Voltage Switchgear Market, Update 2017 - Market Size, Competitive Landscape, Key Country Analysis, and Forecasts to 2021
NEW YORK, Aug. 1, 2017 /PRNewswire/ -- High Voltage Switchgear Market, Update 2017 - Market Size, Competitive Landscape, Key Country Analysis, and Forecasts to 2021
Summary
Demand for electricity is rising globally and, to meet this need, power generation capacity is added continually around the world. The power system generally employs a centralized power generation infrastructure, located at regions rich in sources for power generation such as coal, oil, hydropower, offshore wind, and others. The generated power has to be evacuated from the point of generation to load centers, usually located over a long distance. The power transmission system also enables the interconnection of different regions and countries, allowing the economic trade of power between them, thus providing energy security.
The global high voltage (HV) switchgear market witnessed a market value of US$11.6 Billion in 2016 and is estimated to reach US$15.86 Billion in 2021, registering a compound annual growth rate (CAGR) of 6.4% between 2016 and 2021. In growing economies such as those of Asia-Pacific and the Middle East, the rise in electricity demand is driving the HV switchgear market, with new capacity addition in the generation and transmission sector.
China, one of the fastest growing economies with a largest fleet of transmission substations, topped the global HV switchgear market in 2016 with a value of US$2.69 Billion and is expected to reach US$3.3 Billion in 2021. It represented over 23.0% of global HV switchgear market in 2016. China is the world leader in ultra-high voltage (UHV) transmission having made huge investments to develop transmission system of voltage level 765kV and above. The country has higher potential for GIS in the Asia-Pacific region. Both 72-172kV and above 172kV segment have almost equal contribution in the country. By 2021, the share of China is expected to be 21.0% of the global market value.
India ranks second, next to China in global HV switchgear market with a market value of US$976.2m in 2016, contributing 8.4% to global market. The power grid of India is in development stage, and investments have been made to strengthen the regional grids and to develop transmission capacity between interconnections. During the forecast period, share of GIS is expected to be higher than that of AIS, especially in voltage segments 400kV and above. The GIS market is driven by utility substation demand, requiring HV switchgear with a smaller footprint to overcome space constraints. By 2021, the HV switchgear market of India is expected to reach US$1,828m by 2021, contributing close to 11.5% of the global market.
The report "High Voltage Switchgear Market, Update 2017 - Market Size, Competitive Landscape, Key Country Analysis, and Forecasts to 2021" offers comprehensive information and understanding of the high voltage switchgear market. The report analysis the current trend and future potential of high voltage switchgear market at global, regional (Americas, Asia-Pacific, Europe, Middle East and Africa) and key countries (the US, Canada, Brazil, China, India, Japan, Republic of Korea, Australia, Germany, the UK, Russia, and Saudi Arabia) level.
In particular, this report provides the following analysis -
- Analysis of the growth of high voltage switchgear market with a focus on market value and volume, classified by voltage and type in global and regional level including Asia-Pacific, Americas, Europe, and Middle East and Africa.
- The report provides high voltage switchgear market analysis for key countries including the US, Canada, Brazil, China, India, Japan, Republic of Korea, Australia, Germany, the UK, Russia, and Saudi Arabia.
- The report offers country level high voltage switchgear market value and volume for the historical (2011-2016) and forecast (2017-2021) periods, classified based on voltage and type.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on high voltage switchgear market are discussed.
- Report provides competitive landscape at country level for the year 2016. It also covers policies and initiatives, and case studies.
Companies mentioned in this report: ABB Ltd., China XD Electric Group Co. ltd, Crompton Greaves Limited, Energomash, Fuji Electric, General Electric Company, Henan Pinggao Electric Co., Ltd., Hitachi, Hyosung Corporation, Hyundai Heavy Industry, LSIS, Mitsubishi Electric Corporation, New Northeast Electric Group High Voltage Switchgear Co., Ltd, Nissin Electric, Shandong Taikai High-volt Switchgear Co., Ltd, Shanghai Siyuan Electric Co., Ltd, Siemens AG, Toshiba Electric Corporation.
Scope
The report analyses High Voltage Switchgear market. Its scope includes -
- Analysis of the growth of high voltage switchgear market with a focus on market value and volume, classified by voltage and type in global and regional level including Asia-Pacific, Americas, Europe, and Middle East and Africa.
- The report provides high voltage switchgear market analysis for key countries including the US, Canada, Brazil, China, India, Japan, Republic of Korea, Australia, Germany, the UK, Russia, and Saudi Arabia.
- The report offers country level high voltage switchgear market value and volume for the historical (2011-2016) and forecast (2017-2021) periods, classified based on voltage and type.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on high voltage switchgear market are discussed.
- Report provides competitive landscape at country level for the year 2016. It also covers policies and initiatives, and case studies.
Reasons to Buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Facilitate decision-making by analyzing market data on high voltage switchgear
- Develop strategies based on developments in the high voltage switchgear market
- Identify key partners and business-development avenues, based on an understanding of the movements of the major competitors in the high voltage switchgear market
- Respond to your competitors' business structure, strategies and prospects
Read the full report: http://www.reportlinker.com/p04978301/High-Voltage-Switchgear-Market-Update-Market-Size-Competitive-Landscape-Key-Country-Analysis-and-Forecasts-to.html
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