EHV Transmission Market Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.
EHV Transmission Market Growth and Trends
The global extra high voltage transmission market or the EHV transmission market held a market value of US$ 14 billion in 2019 and is expected to grow at a CAGR of 5% by 2023. The increasing industrialization is the major driving factor behind the growth of the EHV transmission market.
The increasing urbanization has resulted in the emerging economies with higher disposable incomes. With the advancing technology and devices running on high power, the demand for massive power is at an all-time high. The rising need to reduce or diminish the transmission losses has also propelled the market growth of the EHV transmission market.
The rising depletion in the levels of available fossil fuels has raised the need for EHV transmission mode. The increasing number of industries and large power utilities has significantly affected the growth of the EHV transmissions for good. The rising activists’ protest against constructing power plants near to the areas of livelihood and consumption has pushed the construction sites farther from the fuel sources. This ultimately raises the need for EHV transmission for transmitting large amounts of power over long distances to the power plants from fuel sources.
The EHV transmissions are very cost effective as a low number of conductive materials are required in the making. The technical and economical feasibility offered by the EHV transmission market renders the market more desirable among end-users and investors. The wide range of utilities that require EHV transmissions for their functioning has majorly contributed to the growth of the EHV market. The hydro power, steam power, and nuclear power stations require high blocks of power for their functioning.
The advancing technological development in the field of EHV transmission showcases flexibility in the future growth of the system. The huge amounts of investments put into the R&D sector by both Public and Private sectors are promising a good future for the EHV transmission market. Strategic marketing employed by the top market players is likely to expand the market higher in the coming years.
EHV Transmission Industry Regional Analysis
EHV Transmission Market Research Report Scope/Definition
EHV Transmission Market Share and Competition Key companies operating in this industry are: Nexans ; Alstom ; Abb Ltd. ; Siemens ; Prysmian ;Mitsubishi Heavy Industries ; General Electric ; Bhel ; Hitachi ; Crompton and Greaves
EHV Transmission Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2021 - 2028)
• Transmission Line Equipment
• Transmission Towers
• Subs Tation Equipment
Industry Analysis (Revenue, USD Million, 2021 - 2028)
• Power Station
• Nuclear Power Plant
• East Power Transmission
• Wind Power Plant
• Thermal Power Plant
Region Analasis (Revenue, USD Million, 2021 - 2028)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
EHV Transmission Industry Companies
• Abb Ltd.
• Mitsubishi Heavy Industries
• General Electric
• Crompton and Greaves
Available Versions of EHV Transmission Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report