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The increasing demand for energy in remote locations and installations of new solar and wind energy farms has led to the construction of new transmission grids. The transmission grids require accurate measurement of electricity for its distribution and proper utilization. The high voltage measuring equipment help measure electric currents with high accuracy. These devices can be used over a wide range in several applications like power generation (substation), power transmission, industrial facilities, laboratories, etc. Also, the new sources of electricity consumption such as robots, electric cars are the fields using high voltage measuring equipment and derive the growth in the market.
On the basis of its type, the global high voltage measuring equipment market can be segmented into capacitive voltage transformer, potential transformer, and others. On the basis of voltage, global high voltage measuring equipment market can be segmented into high (35-400KV), extra high (401-800KV) and ultra-high (>800KV). Depending upon the requirement the required measuring equipment is selected from the given range.
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On the basis of operating current, the global high voltage measuring equipment market can be segmented into alternating current and direct current. The benefits of direct current over an alternating current, such as higher transmission capacity and efficiency, low cost of installation and maintenance have seen direct current hold a prominent market in this segment. On the basis of application, global high voltage measuring equipment market can be segmented into the power generator, power transmission, industrial and others. The power generation and power transmission segment hold a good share of the market in this segment owing to rising energy demands in off-grid locations.
The key market driver for the global high voltage measuring equipment market is rising investments in the transmission grid for power transmission and maximum efficiency for minimal loss. This equipment is also used in sub-stations, industrial facilities, and laboratories which also acts as a market driver for global high voltage measuring equipment market.
Key market restraint for the global high voltage measuring equipment market is the high investment required for installing high voltage measurement devices. This exempts the small grid operators from using these high voltage measuring equipment which can act as a market restraint for global high voltage measuring equipment market.
Key players operating in the global high voltage measuring equipment market ABB, BHEL, CG Power, Shanghai Electric Group, GE Grid Solutions, Maxwell Technologies, Siemens, Crompton Greaves, Schneider Electric, SANDIAN, Rayon Energy, KVTEK, Koncar Instrument Transformers, Ross Engineering, and Arteche Group
· Capacitive Voltage Transformer
· Potential Transformer
· More than 800KV
· Alternating Current
· Direct Current
· Power Generation
· Power Transmission
· North America (The USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
The global high voltage measuring equipment market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Owing to high investments in transmission grids and increasing energy demand, Asia Pacific is anticipated to have a leading market share in high voltage measuring equipment market. In the Asia Pacific, the demand can be seen from countries like China, Japan, Indonesia, and India. Emerging nations in Latin America and the Middle East region are expected to invest substantially in transmission grids to provide power to the off-grid locations and remote areas. This will help the global high voltage measuring equipment market to grow in these regions. North America and Europe are mature markets for high voltage measuring equipment. These regions are increasing their production capacity using renewable sources of energy which requires new transmission grids to be built. This, in turn, is helping the high voltage measuring equipment market to grow in these regions.
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