Global High & Medium Voltage Products Strategic Business Report 2023: Players Include ABB, Bharat Heavy Electricals, Crompton Greaves and Eaton
DUBLIN, Feb. 7, 2023 /PRNewswire/ -- The "High & Medium Voltage Products - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for High and Medium Voltage Products estimated at US$244.7 Billion in the year 2022, is projected to reach a revised size of US$377.8 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030.
Switchgear, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$145.4 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the High Voltage Cables & Accessories segment is readjusted to a revised 3.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $66.7 Billion, While China is Forecast to Grow at 9.6% CAGR
The High and Medium Voltage Products market in the U.S. is estimated at US$66.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$85.6 Billion by the year 2030 trailing a CAGR of 9.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.8% and 6.1% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$51.1 Billion by the year 2030.
Select Competitors (Total 54 Featured) -
Bharat Heavy Electricals Ltd.
Crompton Greaves Ltd.
Eaton Corporation PLC
General Cable Corporation
General Electric Company
Hyundai Heavy Industries Co., Ltd.
Mitsubishi Electric Corporation
NKT Cables Group a/S
Schneider Electric SA
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Rising Demand for Switchgear in Electricity Distribution Systems
New Switchgear Technologies on the Rise
Medium Voltage Cables - Technology Advancements and Innovation
Ultra-High Voltage (UHV) and Smart Switchgear - Emerging Technologies
High & Medium Voltage Products - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Robust Growth of Switchgears, Control Panels, and Capacitors
Impressive Growth for Renewable Energy Propelling Demand for Switchgears
Future Growth Factors of Medium Voltage Cables
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/nxnoyx-and-medium?w=5
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