Industry Trends

Practices › Transmission and DistributionHigh Voltage Equipment Market


High Voltage Equipment Market


Energy & Power
Transmission and Distribution

High voltage equipment 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).

Global electricity demand has been growing, and in particular for Asia-Pacific, it is likely to grow at a faster rate. To meet this growing demand, there is being new and augmented capacity added which is needed to be evacuated by new and upgraded power transmission and distribution networks. Continuous infrastructure investments for power transmission and distribution equipment can be seen both in developed and developing regions. Compared to other assets, transmission investments are extremely risky and require long lead times for the planning process and stakeholder involvement. The demand for electricity worldwide is projected to grow at an annual rate of 2.4% for the period 2009 to 2035, rise in industrialization and urbanization are reasons boosting up the power demand. Also, to reduce transmission losses, efficient power delivery system with the reliable equipment is the key necessity. Rise in smart grid projects is also enhancing the need for up gradation of the existing network.

European countries have already initiated investment towards the smart grid technology market. This continuous rise in T&D expenditure is resulting in an increase in the high voltage equipment market. The market is expected to grow with a CAGR 5.44% from 2015 to 2020.

Continuous demand for electricity in highly populated countries such as India and China has improved the development of power T&D equipment. The length of the installed T&D lines over the next five years is likely to be the highest in Asia-Pacific among all regions. Moreover, the T&D expenditure in Asia-Pacific is also the highest. High voltage equipment is extensively used by utilities companies. North America and Europe currently have market for grid modernization and replacement of old installations. Along with the capacity enhancement trending world-wide, the investments in the offshore wind farms are expected to drive the market

The upcoming power generation sources will also increase the growth of new T&D lines which in turn will increase the requirements for the power sector equipment.

High Voltage Equipment Market

Currently, power transformers market holds the largest share in the high voltage equipment market. It is also predominantly large in Asia-Pacific then followed by markets in Europe and North America and others. Other important equipment for high voltage equipment market are switches, switchgear and protection equipment.

We can help find ?

Latent demand for you, for your prospective client, or your prospective partners