Dublin, Feb. 07, 2023 (GLOBE NEWSWIRE) -- 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
| Report Attribute | Details |
| No. of Pages | 229 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $244.7 Billion |
| Forecasted Market Value (USD) by 2030 | $377.8 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
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/6z1vf9-and-medium?w=12
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