Press release
High Voltage Equipment Industry Outlook 2025-2029: Market Set to Cross $164.69 Billion Milestone
High Voltage Equipment Market Size
How Large Will the High Voltage Equipment Market Size By 2025?
The market size of high voltage equipment has seen robust growth in the past few years. It is projected to surge from $112.08 billion in 2024 to $121.4 billion in 2025, marking a compound annual growth rate (CAGR) of 8.3%. Factors propelling growth in the historic period include heightened emphasis on electricity, advancements in automation capabilities, improved insulation efficiency, adoption of renewable energy systems, and a rise in industrialization.
How Big Is the High Voltage Equipment Market Size Expected to Grow by 2029?
The high voltage equipment market is projected to witness robust growth in the upcoming years, expanding to $164.69 billion in 2029, with a compound annual growth rate (CAGR) of 7.9%. The surge can be ascribed to factors such as rising adoption of smart grids, increasing number of initiatives and research activities, swelling demand for electricity, population growth, and burgeoning need for power. Notable future trends encompass modernization of the electrical grid system, a wider application of Internet of Things (IoT) and smart devices, integration with renewable energy systems, technological progressions, and the rollouts of innovative products and services.
View the full report here:
https://www.thebusinessresearchcompany.com/report/high-voltage-equipment-global-market-report
Which Key Market Drivers Powering High Voltage Equipment Market Expansion and Growth?
The high-voltage equipment market's growth is anticipated to be fuelled by a rise in electricity demand. This demand surge is linked to an increasing global population, economic growth, and the spread of electronic devices, home appliances, and digital technologies. High-voltage equipment plays an integral role in meeting this growing power demand by enhancing transmission efficiency, increasing capacity, ensuring reliability, incorporating renewable energy, encouraging industrial development, and bolstering overall grid resilience. For instance, Eurostat, a governmental agency based in Luxembourg, reported in August 2024 that the EU's gross electricity production escalated from 2,784 TWh in 2020 to 2,907 TWh in 2021. In a similar way, the Department of Climate Change, Energy, the Environment, and Water, a government department in Australia, indicated in 2024 that Australia's total energy generation had seen a 2% rise during 2021-2022 to reach 272 TWh (978 PJ). Consequently, the escalating demand for electricity is playing a significant role in driving the expansion of the high-voltage equipment market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16702&type=smp
Which Fast-Growing Trends Are Poised to Disrupt the High Voltage Equipment Market?
Prominent businesses in the high-voltage equipment market are focusing on the creation of innovative products like high-voltage pulse generators to improve both the efficiency and reliability of electrical systems. A high-voltage pulse generator can generate electrical pulses with a high voltage and exact timing, which are marked by their short length and high peak voltage. These are beneficial in a variety of applications in many areas. For instance, Sydor Technologies, a firm from the United States that offers comprehensive solutions, unveiled a 10 kV high-voltage pulse generator in March 2024. This advanced equipment provides short-duration pulses with adjustable timing and amplitude settings, which makes it perfect for scientific research purposes, material testing, and industrial processes. The robust construction of this product ensures consistent performance in challenging conditions, while the user-friendly interface allows for easy usage and integration into current systems. This increases efficiency and flexibility in high-voltage applications.
What Are the Emerging Segments in the High Voltage Equipment Market?
The high voltage equipment market covered in this report is segmented -
1) By Type: Switchgear, Transformer, Reactive Power Equipment, Relay Panel, Supervisory Control and Data Acquisition (SCADA), Others Types
2) By Voltage Level: UHV-Ultra High Voltage (800 Kv And Above), EHV (200 kV And Above), HVDC (500 kV Dc), HV (66 Kv To 200 Kv)
3) By Application: Power Transmission, Power Distribution, Other Applications
4) By End-User: Power Generation, Oil And Gas, Utilities, Industrial, Other End-Users
Subsegments:
1) By Switchgear: Gas-Insulated Switchgear (GIS), Air-Insulated Switchgear (AIS), Hybrid Switchgear, Vacuum Circuit Breakers, Load Break Switches
2) By Transformer: Power Transformers, Distribution Transformers, Instrument Transformers, Auto Transformers
3) By Reactive Power Equipment: Capacitor Banks, Synchronous Condensers, Reactors, Static VAR Compensators (SVC)
4) By Relay Panel: Protection Relay Panels, Control Relay Panels, Automation Relay Panels
5) By Supervisory Control And Data Acquisition (SCADA): SCADA Systems for Power Distribution, SCADA Systems for Renewable Energy, SCADA For Industrial Automation
6) By Other Types: High Voltage Cables, Surge Arresters, Isolators And Disconnectors, Voltage Regulators
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=16702&type=smp
Who Are the Global Leaders in the High Voltage Equipment Market?
Major companies operating in the high voltage equipment market are Hitachi Ltd., Siemens AG, General Electric Company, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Larsen & Toubro Limited, Toshiba Corporation, Eaton Corporation, Alstom SA, TBEA Co. Ltd., Fuji Electric Co. Ltd., WEG S.A., El Sewedy Electric Co., Bharat Heavy Electricals Limited, Meidensha Corporation, NARI Group Corporation, S&C Electric Company, Ormazabal Electric S.A., CG Power and Industrial Solutions Limited, Crompton Greaves Ltd., Arteche, VitzroEM Co. Ltd.
Which are the Top Profitable Regional Markets for the High Voltage Equipment Industry?
Asia Pacific was the largest region in the high voltage equipment market in 2024. The regions covered in the high voltage equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16702
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release High Voltage Equipment Industry Outlook 2025-2029: Market Set to Cross $164.69 Billion Milestone here
News-ID: 4136254 • Views: …
More Releases from The Business Research Company
Key Drivers Reshaping the Purvalanol A (CDK Inhibitor) Market: Increasing Preval …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Purvalanol A (CDK Inhibitor) Market Size Growth Forecast: What to Expect by 2025?
The market size for purvalanol A (CDK inhibitor) has witnessed a substantial expansion in the past few years. It is projected to escalate from $0.58 billion in 2024 to $0.64 billion in 2025, with a compound…
Growing Emphasis On Personalized Medicine Driving The Market Due To Advances In …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Polygenic Risk Score Services Market Size Growth Forecast: What to Expect by 2025?
The market size for polygenic risk score services has seen considerable growth in recent years. Anticipated to increase from $1.24 billion in 2024 to $1.45 billion in 2025, it projects a compound annual growth rate (CAGR)…
Future of the Global Pharmaceutical Unit-Dose Packaging Market: Trends, Innovati …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Pharmaceutical Unit-Dose Packaging Market Size Growth Forecast: What to Expect by 2025?
The market size of the pharmaceutical unit-dose packaging industry has experienced quick expansion in the recent past. The market, valued at $48.78 billion in 2024, is projected to rise to $54.50 billion in 2025, reflecting a compound…
Personal Care Product Testing Market Poised to Hit $10.37 Billion by 2029 with A …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Personal Care Product Testing Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the market size for personal care product testing has seen robust growth. It's projected to increase from $7.28 billion in 2024 to $7.84 billion in 2025, with a compound annual growth…
More Releases for Voltage
Line Voltage And Low Voltage 12v 24v Lighting Market Size Analysis by Applicatio …
USA, New Jersey- According to Market Research Intellect, the global Line Voltage And Low Voltage 12v 24v Lighting market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The line voltage and low voltage (12V and 24V) lighting market is experiencing steady growth due to increasing demand…
Low Voltage and Medium Voltage Switchgear Market 2031
Transparency Market Research delivers key insights on the global low voltage (LV) and medium voltage (MV) switchgear market. In terms of revenue, the global low voltage and medium voltage switchgear market is estimated to expand at a CAGR of 6.1% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global low voltage and medium voltage switchgear market.
The global…
US Low Voltage and Medium Voltage Switchgear Market Share 2031
Transparency Market Research delivers key insights on the global low voltage (LV) and medium voltage (MV) switchgear market. In terms of revenue, the global low voltage and medium voltage switchgear market is estimated to expand at a CAGR of 6.1% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global low voltage and medium voltage switchgear market.
Read Report…
Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Forecast And Analysis
The automated switchgear operation is preferred over conventional operations in the smart grid. In an automated substation, all operations are carried out through automated systems, since they are more efficient and require less manpower. Automated substation also promotes energy-efficiency and ensures better utilization of assets, thereby it continuously provides uninterrupted power flow through smart grid.
Get Report Details- https://www.transparencymarketresearch.com/lv-mv-switchgear-industry.html
The rise in need for automatic switchgear solutions for the integration of renewable…
Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Forecast And Analysis
The automated switchgear operation is preferred over conventional operations in the smart grid. In an automated substation, all operations are carried out through automated systems, since they are more efficient and require less manpower. Automated substation also promotes energy-efficiency and ensures better utilization of assets, thereby it continuously provides uninterrupted power flow through smart grid.
Get Report Details- https://www.transparencymarketresearch.com/lv-mv-switchgear-industry.html
The rise in need for automatic switchgear solutions for the integration of renewable…
Line Voltage and Low Voltage (12v/ 24v) Lighting Market 2022 | Detailed Report
The Line Voltage and Low Voltage (12v/ 24v) Lighting market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. The Line Voltage and Low Voltage (12v/ 24v) Lighting report also incorporates the current and future global market outlook in the emerging and developed markets. Moreover, the report also investigates regions/countries expected to witness the fastest growth rates during the forecast period.
The…
