Ehv Transmission Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00132052
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
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Market Snapshot

CAGR:6.9
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 6.9
Energy & Power-companies
Energy & Power-Snapshot

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Report Overview

EHV Transmission Market Analysis By Application (Electricity Grids, Renewable Energy Projects, Industrial Facilities, Others), By Type (AC Transmission, DC Transmission), and By Region Forecast to 2032:

The EHV Transmission Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing demand for reliable electricity transmission, the growth of renewable energy projects, and advancements in extra-high voltage (EHV) transmission technologies.

EHV Transmission Market Overview:

Drivers:

One of the primary drivers fueling the growth of the EHV Transmission Market is the increasing demand for reliable and efficient electricity transmission. EHV transmission systems are designed to transmit large volumes of electricity over long distances with minimal losses, making them essential for connecting power generation sources to distribution networks and end-users.

Furthermore, the growth of renewable energy projects, such as wind farms and solar power plants, has led to an increased need for EHV transmission infrastructure. These projects are often located in remote areas with abundant renewable resources, necessitating the development of efficient transmission systems to deliver clean energy to population centers.

Trends:

An emerging trend shaping the EHV Transmission Market is the adoption of high-voltage direct current (HVDC) transmission technology. HVDC transmission offers advantages such as lower transmission losses, efficient long-distance transmission, and improved grid stability. It is particularly suitable for interconnecting asynchronous grids and integrating offshore wind farms.

Additionally, advancements in EHV transmission materials and components, such as high-temperature superconducting cables and advanced insulators, are enhancing the efficiency and capacity of transmission systems. These innovations contribute to reducing energy losses and improving the overall performance of EHV transmission networks.

Restraints:

One of the key challenges hindering the growth of the EHV Transmission Market is the high initial capital investment required for the development of EHV transmission infrastructure. Building EHV transmission lines and substations involves significant upfront costs, and regulatory approvals can be time-consuming, affecting project timelines.

Moreover, environmental and land use considerations can present obstacles to EHV transmission projects. Balancing the need for reliable electricity transmission with environmental and community concerns requires careful planning and mitigation strategies.

EHV Transmission Market Segmentation By Application:

  • Electricity Grids: EHV transmission systems are crucial components of electricity grids, enabling the efficient transfer of power from generation sources to distribution networks.
  • Renewable Energy Projects: EHV transmission infrastructure is essential for connecting renewable energy projects, such as wind farms and solar installations, to the grid.
  • Industrial Facilities: Industrial facilities often require high-capacity EHV transmission connections to meet their energy demands reliably.

EHV Transmission Market Segmentation By Type:

  • AC Transmission: Alternating current (AC) EHV transmission systems are commonly used for long-distance power transmission within grids.
  • DC Transmission: Direct current (DC) EHV transmission, including HVDC technology, is employed for efficient long-distance transmission and interconnections between grids.

Regional Overview:


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North America is poised to be a key contributor to the global EHV Transmission Market, accounting for approximately 38% of the market's growth during the forecast period. The region's aging grid infrastructure and the need to accommodate renewable energy sources drive the demand for EHV transmission projects. Investments in grid modernization and interconnection projects further stimulate market growth.

Asia-Pacific is another significant region in the market, with rapid industrialization and urbanization fueling electricity demand. Governments in this region are investing in expanding and upgrading their transmission networks to meet growing energy needs and support economic development.

EHV Transmission Market Customer Landscape:

The EHV Transmission Market report encompasses the customer adoption lifecycle, ranging from early adopters to mainstream users. It delves into adoption rates across different regions based on penetration and includes key purchase criteria and price sensitivity drivers to assist companies in formulating effective growth strategies.

Major EHV Transmission Market Companies:

Companies in the EHV Transmission Market are employing diverse strategies such as research and development, partnerships, mergers, acquisitions, and project collaborations to strengthen their market presence.

Example companies include:

  1. Siemens Energy: Siemens Energy offers a range of EHV transmission solutions, including HVDC technology, to support efficient power transmission.
  2. ABB Group: ABB provides advanced EHV transmission equipment and solutions, contributing to grid reliability and sustainability.
  3. General Electric Company: GE specializes in EHV transmission technologies and grid solutions to enhance power transmission efficiency.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

  • Hitachi ABB Power Grids
  • Mitsubishi Electric Corporation
  • Nexans SA
  • Prysmian Group
  • Crompton Greaves Limited (CG Power and Industrial Solutions Limited)
  • LSIS Co., Ltd.
  • NKT A/S
  • Zhejiang Chint Electrics Co., Ltd.
  • TBEA Co., Ltd.
  • China XD Electric Co., Ltd.

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on focus, dominance, and strength.

Segment Overview:

The EHV Transmission Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Electricity Grids
    • Renewable Energy Projects
    • Industrial Facilities
    • Others
  • Type Outlook (USD Million, 2019 - 2032):
    • AC Transmission
    • DC Transmission
    • Others
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Rest of Asia-Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • United Arab Emirates
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL EHV TRANSMISSION MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. EHV TRANSMISSION MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. EHV Transmission Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. EHV TRANSMISSION MARKET BY System INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Transmission Line Equipment

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Substation Equipment

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. EHV TRANSMISSION MARKET BY End user INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. End user 1

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. End user 2

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. EHV TRANSMISSION MARKET REGIONAL OUTLOOK

7.1. EHV Transmission Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America EHV Transmission Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America EHV Transmission Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America EHV Transmission Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America EHV Transmission Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. EHV Transmission Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. EHV Transmission Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. EHV Transmission Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. EHV Transmission Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada EHV Transmission Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada EHV Transmission Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada EHV Transmission Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada EHV Transmission Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe EHV Transmission Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe EHV Transmission Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe EHV Transmission Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe EHV Transmission Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany EHV Transmission Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany EHV Transmission Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany EHV Transmission Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany EHV Transmission Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France EHV Transmission Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France EHV Transmission Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France EHV Transmission Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France EHV Transmission Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. EHV Transmission Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. EHV Transmission Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. EHV Transmission Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. EHV Transmission Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific EHV Transmission Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific EHV Transmission Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific EHV Transmission Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific EHV Transmission Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China EHV Transmission Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China EHV Transmission Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China EHV Transmission Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China EHV Transmission Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India EHV Transmission Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India EHV Transmission Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India EHV Transmission Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India EHV Transmission Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan EHV Transmission Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan EHV Transmission Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan EHV Transmission Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan EHV Transmission Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia EHV Transmission Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia EHV Transmission Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia EHV Transmission Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia EHV Transmission Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea EHV Transmission Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea EHV Transmission Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea EHV Transmission Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea EHV Transmission Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America EHV Transmission Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America EHV Transmission Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America EHV Transmission Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America EHV Transmission Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America EHV Transmission Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. General Electric Company (U.S.)

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2. Hitachi Ltd. (Japan)

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3. Siemens (Germany)

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4. ABB Ltd. (Switzerland)

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5. Mitsubishi Electric (Japan)

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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