Global High Voltage Measuring Equipment Market is valued at approximately USD 5.72 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.9% over the forecast period 2023-2030. High voltage measuring equipment are electric devices that are specially utilized for measuring electric currents with high accuracy. This equipment comprises high voltage instrument transformers, capacitors, multi-meters, probes, and others. High voltage measuring equipment is used to precisely measure, monitor, and analyze electrical parameters such as voltage levels, current, power, and other electrical properties in high voltage systems. The surging demand for power, rising emphasis on renewable energy integration, and increasing safety and compliance requirements, coupled with the growing trend of industrial automation and process control are the most prominent factors that are propelling the market demand across the globe.
In addition, the emerging applications in electric vehicles (EVs) are also influencing market growth during the estimated period of 2023-2030. EVs operate at high voltages, and accurate measurement of high voltage parameters, such as battery voltage and charging voltage, is crucial for the safe and efficient operation of EVs. According to International Energy Agency (IEA), in 2020, the number of electric vehicles sold in the United States was 295000 and the number increased significantly and reached 631000 in 2021. Also, as per Statista, in 2021, the sales of electric vehicles across Brazil accounted for around 7,272 units, which is projected to reach more than 17,860 units by 2027. Hence, the rising adoption of electric vehicles (EVs) is creating new demand for high-voltage measuring equipment, which propels the growth of the high-voltage measuring equipment market during the estimated period. Moreover, the increasing technological advancements, as well as the rising grid modernization and smart grid implementation are presenting various lucrative opportunities over the forecasting years. However, the high investment required for installing high voltage measurement devices is hindering the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global High Voltage Measuring Equipment Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rapid penetration of electric vehicles, along with the increasing investment in technological developments.
Whereas, Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising of automotive post-sale services, stringent government regulations to replace or upgrade vehicle components supplement, and high demand for automobiles in the market space.
Major market players included in this report are:
- ABB Group
- Bharat Heavy Electricals Limited (BHEL)
- CG Power and Industrial Solutions Limited
- Shanghai Electric Group
- GE Grid Solutions
- Maxwell Technologies
- Siemens
- Crompton Greaves Consumer Electricals Limited
- Schneider Electric
- Arteche Group
Recent Developments in the Market:
- In April 2019, Collins Aerospace constructed a new lab. The Grid is a high-voltage lab that is used to design and test a 1MW motor, motor controller, and battery system for a hybrid electric demonstrator aircraft.
Global High Voltage Measuring Equipment Market Report Scope:
- Historical Data: - 2020 - 2021
- Base Year for Estimation: - 2022
- Forecast period: - 2023-2030
- Report Coverage: - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: - Type, Voltage, Current, Application, Region
- Regional Scope: - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
- Capacitive Voltage Transformer
- Potential Transformer
- Others
By Voltage:
- 35-400KV
- 401-800KV
- More than 800KV
By Current:
- Alternating Current
- Direct Current
By Application:
- Power Generation
- Power Transmission
- Industrial
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. High Voltage Measuring Equipment Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. High Voltage Measuring Equipment Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. High Voltage Measuring Equipment Market, by Voltage, 2020-2030 (USD Billion)
- 1.2.4. High Voltage Measuring Equipment Market, by Current, 2020-2030 (USD Billion)
- 1.2.5. High Voltage Measuring Equipment Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global High Voltage Measuring Equipment Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global High Voltage Measuring Equipment Market Dynamics
- 3.1. High Voltage Measuring Equipment Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing trend of industrial automation and process control
- 3.1.1.2. Emerging applications in electric vehicles (EVs)
- 3.1.2. Market Challenges
- 3.1.2.1. High investment required for installing high voltage measurement devices
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing technological advancements
- 3.1.3.2. Rising grid modernization and smart grid implementation
Chapter 4. Global High Voltage Measuring Equipment Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global High Voltage Measuring Equipment Market, by Type
- 5.1. Market Snapshot
- 5.2. Global High Voltage Measuring Equipment Market by Type, Performance - Potential Analysis
- 5.3. Global High Voltage Measuring Equipment Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. High Voltage Measuring Equipment Market, Sub Segment Analysis
- 5.4.1. Capacitive Voltage Transformer
- 5.4.2. Potential Transformer
- 5.4.3. Others
Chapter 6. Global High Voltage Measuring Equipment Market, by Voltage
- 6.1. Market Snapshot
- 6.2. Global High Voltage Measuring Equipment Market by Voltage, Performance - Potential Analysis
- 6.3. Global High Voltage Measuring Equipment Market Estimates & Forecasts by Voltage 2020-2030 (USD Billion)
- 6.4. High Voltage Measuring Equipment Market, Sub Segment Analysis
- 6.4.1. 35-400KV
- 6.4.2. 401-800KV
- 6.4.3. More than 800KV
Chapter 7. Global High Voltage Measuring Equipment Market, by Current
- 7.1. Market Snapshot
- 7.2. Global High Voltage Measuring Equipment Market by Current, Performance - Potential Analysis
- 7.3. Global High Voltage Measuring Equipment Market Estimates & Forecasts by Current 2020-2030 (USD Billion)
- 7.4. High Voltage Measuring Equipment Market, Sub Segment Analysis
- 7.4.1. Alternating Current
- 7.4.2. Direct Current
Chapter 8. High Voltage Measuring Equipment Market, by Application
- 8.1. Market Snapshot
- 8.2. Global High Voltage Measuring Equipment Market by Application, Performance - Potential Analysis
- 8.3. Global High Voltage Measuring Equipment Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 8.4. High Voltage Measuring Equipment Market, Sub Segment Analysis
- 8.4.1. Power Generation
- 8.4.2. Power Transmission
- 8.4.3. Industrial
- 8.4.4. Others
Chapter 9. Global High Voltage Measuring Equipment Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. High Voltage Measuring Equipment Market, Regional Market Snapshot
- 9.4. North America High Voltage Measuring Equipment Market
- 9.4.1. U.S. High Voltage Measuring Equipment Market
- 9.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Voltage breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Current breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. Application breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada High Voltage Measuring Equipment Market
- 9.5. Europe High Voltage Measuring Equipment Market Snapshot
- 9.5.1. U.K. High Voltage Measuring Equipment Market
- 9.5.2. Germany High Voltage Measuring Equipment Market
- 9.5.3. France High Voltage Measuring Equipment Market
- 9.5.4. Spain High Voltage Measuring Equipment Market
- 9.5.5. Italy High Voltage Measuring Equipment Market
- 9.5.6. Rest of Europe High Voltage Measuring Equipment Market
- 9.6. Asia-Pacific High Voltage Measuring Equipment Market Snapshot
- 9.6.1. China High Voltage Measuring Equipment Market
- 9.6.2. India High Voltage Measuring Equipment Market
- 9.6.3. Japan High Voltage Measuring Equipment Market
- 9.6.4. Australia High Voltage Measuring Equipment Market
- 9.6.5. South Korea High Voltage Measuring Equipment Market
- 9.6.6. Rest of Asia Pacific High Voltage Measuring Equipment Market
- 9.7. Latin America High Voltage Measuring Equipment Market Snapshot
- 9.7.1. Brazil High Voltage Measuring Equipment Market
- 9.7.2. Mexico High Voltage Measuring Equipment Market
- 9.8. Middle East & Africa High Voltage Measuring Equipment Market
- 9.8.1. Saudi Arabia High Voltage Measuring Equipment Market
- 9.8.2. South Africa High Voltage Measuring Equipment Market
- 9.8.3. Rest of Middle East & Africa High Voltage Measuring Equipment Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. ABB Group
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. Bharat Heavy Electricals Limited (BHEL)
- 10.3.3. CG Power and Industrial Solutions Limited
- 10.3.4. Shanghai Electric Group
- 10.3.5. GE Grid Solutions
- 10.3.6. Maxwell Technologies
- 10.3.7. Siemens
- 10.3.8. Crompton Greaves Consumer Electricals Limited
- 10.3.9. Schneider Electric
- 10.3.10. Arteche Group
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption