High Voltage Measuring Equipment Market Is Expected To Be Worth Us$6.59 Bn By 2024

High Voltage Measuring Equipment Market: Overview

High voltage measuring equipment are high accuracy electrical devices used in the measurement of high voltage (35kV-400kV), extra high voltage (401kV-800kV) and ultra high voltage (>800kV) alternating and direct currents. These instruments can be primarily divided into capacitive voltage transformers, potential transformers and other equipment like high voltage capacitors, multimeters, probes, etc. They are used in several applications like power generation (substation), power transmission, industrial facilities and laboratories, etc. Both, the capacitive voltage transformers and potential transformers are types of instrument transformers.

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This report analyzes and forecasts the market for high voltage measuring equipment at the global and regional level. The market has been forecast based on volume (Units) and revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year. The study includes drivers and restraints of the global high voltage measuring equipment market. It also covers impact of these drivers and restraints on demand for high voltage measuring equipment during the forecast period. The report also highlights opportunities in the high voltage measuring equipment market at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global high voltage measuring equipment market. Porter’s Five Forces model for the high voltage measuring equipment market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

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The study provides a decisive view of the global high voltage measuring equipment market by segmenting it in terms of product type (capacitive voltage transformers, potential transformers & others) and applications such as power generation (substation), power transmission, industrial & others (laboratory, testing centres, commercial purposes, etc.). These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for high voltage measuring equipment in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides the actual market size of high voltage measuring equipment for 2015 and estimated market size for 2016 with forecast for the next eight years. The global market size of high voltage measuring equipment has been provided in terms of volume and revenue. Market volume has been defined in units, while market revenue is in US$ Mn. Market numbers have been estimated based on product type and key applications of high voltage measuring equipment. Market size and forecast for numerous end-users have been provided in terms of global, regional, and country level markets.

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In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

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