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Global High Voltage Measuring Equipment Market to reach USD 10.51 billion by the end of 2030

Global High Voltage Measuring Equipment Market Size Study & Forecast, 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), and Regional Analysis, 2023-2030

Product Code: EPPGS-10877609
Publish Date: 20-05-2023
Page: 200

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:
Ø 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:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Voltage, Current, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü 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

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

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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