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) -

• ABB Ltd.

• Bharat Heavy Electricals Ltd.

• Crompton Greaves Ltd.

• Eaton Corporation PLC

• General Cable Corporation

• General Electric Company

• Hitachi Ltd.

• Hyundai Heavy Industries Co., Ltd.

• Mitsubishi Electric Corporation

• Nexans SA

• NKT Cables Group a/S

• Prysmian Group

• Schneider Electric SA

• Siemens AG

• Toshiba Corporation

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:

I. METHODOLOGY

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

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/nxnoyx-and-medium?w=5

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