Top 10 High & Medium Voltage Products Market

The global top 10 high and medium voltage products market is projected to reach USD 349.7 billion by 2028 from an estimated USD 264.1 billion in 2023, at a CAGR of 5.8% during the forecast period. Factors such as the need of growth in the offshore wind energy capacities, and the rise in investments in improving the power grid infrastructure to drive the demand.

The Top 10 high and medium voltage products market is served by a mix of large international players with global operational presence and local players with a strong domestic supply network.

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Hitachi (Japan), ABB Ltd. (Switzerland), Siemens (Germany), Schneider Electric (France), Prysmian S.p.A (Italy) are the market leader in the global Top 10 high and medium voltage products market. These companies use strategies such as acquisitions, sales contracts, product launches, and partnerships to increase their market share.

Hitachi Ltd. is a multinational conglomerate that operates in various industries, including information technology, electronics, power systems, social infrastructure, industrial systems, and construction machinery. Hitachi’s business units include Energy, IT, Industry, Mobility, and Life. The company has seven business segments: Digital System and Services, Green Energy and mobility, Connective Industries, Automotive Systems, Hitachi Construction Machinery, Hitachi Metals, and Others.

Prysmian S.p.A (Italy) is one of the leaders that manufactures cables and system solutions with an experience of over 140 years. The company offers solutions for utilities & power grids, telecom, construction & infrastructure, transportation, and mobility. The company offers high voltage cables through its energy and projects operating segment. The company has a strong presence in 50 countries with 108 plants, 25 research and development centers across the globe.

Siemens (Germany) is a group of technology companies offering services in the areas of automation and digitalization in the process and manufacturing of industrial applications, intelligent infrastructure for buildings and distributed energy systems, and smart mobility solutions for road, rail, and digital health services. The company operates its business through six segments: Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, Siemens Financial Services, and Portfolio Companies. Siemens offers medium and high voltage products through the Smart Infrastructure segment, which includes switch gears and monitoring systems.

Related Reports:

Top 10 High & Medium Voltage Products Market HV (Switchgear, HV Cables, Power Transformer), MV (Ring Main Unit, Recloser, MV Cables, Voltage Regulator, Surge Protection Device, Disconnect Switch), Installation Type End User - Global Forecast to 2028

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