High Voltage Switchgear Market, Update 2017 – Market Size, Competitive Landscape, Key Country Analysis, and Forecasts to 2021 – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “High
Voltage Switchgear Market, Update 2017 – Market Size, Competitive
Landscape, Key Country Analysis, and Forecasts to 2021” report
to their offering.

The global high voltage (HV) switchgear market witnessed a market value
of US$11.6 Billion in 2016 and is estimated to reach US$15.86 Billion in
2021, registering a compound annual growth rate (CAGR) of 6.4% between
2016 and 2021. In growing economies such as those of Asia-Pacific and
the Middle East, the rise in electricity demand is driving the HV
switchgear market, with new capacity addition in the generation and
transmission sector.

China, one of the fastest growing economies with a largest fleet of
transmission substations, topped the global HV switchgear market in 2016
with a value of US$2.69 Billion and is expected to reach US$3.3 Billion
in 2021. It represented over 23.0% of global HV switchgear market in
2016. China is the world leader in ultra-high voltage (UHV) transmission
having made huge investments to develop transmission system of voltage
level 765kV and above. The country has higher potential for GIS in the
Asia-Pacific region. Both 72-172kV and above 172kV segment have almost
equal contribution in the country. By 2021, the share of China is
expected to be 21.0% of the global market value.

India ranks second, next to China in global HV switchgear market with a
market value of US$976.2m in 2016, contributing 8.4% to global market.
The power grid of India is in development stage, and investments have
been made to strengthen the regional grids and to develop transmission
capacity between interconnections. During the forecast period, share of
GIS is expected to be higher than that of AIS, especially in voltage
segments 400kV and above. The GIS market is driven by utility substation
demand, requiring HV switchgear with a smaller footprint to overcome
space constraints. By 2021, the HV switchgear market of India is
expected to reach US$1,828m by 2021, contributing close to 11.5% of the
global market.

Key Topics Covered:

1. Table of Contents

2. Executive Summary

3. Introduction

4. HV Switchgear, Global

5. HV Switchgear, Americas

6. HV Switchgear, US

7. HV Switchgear, Canada

8. HV Switchgear, Brazil

9. HV Switchgear, Asia-Pacific

10. HV Switchgear, China

11. HV Switchgear, India

12. HV Switchgear, Japan

13. HV Switchgear, Republic of Korea

14. HV Switchgear, Australia

15. HV Switchgear, Europe, Middle East, and Africa (EMEA)

16. HV Switchgear, Germany

17. HV Switchgear, United Kingdom (UK)

18. HV Switchgear, Russia

19. HV Switchgear, Saudi Arabia

20. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/wlnblw/high_voltage

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Topics: Electricity