High Voltage Testing Market: Overview

The availability of electrical energy is vital for the economic development and quality lifestyle. Any electrical equipment must be capable of withstanding over-voltages during the operation. This can be assured by suitable testing techniques and testing equipments. High voltage testing can be broadly classified into tests on completed equipment and on insulating materials. The tests carried out on sample of dielectric consist of measurement of dielectric loss per unit volume, dielectric strength of the material and permittivity. Test carried out on completed equipment are the measurement of capacitance, power factor, ultimate breakdown voltage and flash over voltage. The break down voltage test on completed equipment is only done on a few samples since it permanently damages and destroys the equipment from further use. Breakdown voltage equipment is subjected to withstand test on which the voltage applied is about twice the normal voltage. Various types of used in testing are DC hipots, AC hipots, oil dielectric tester, AC dielectric test sets, aerial lift and bucket truck tester, cable fault locator, surge generators, VLF, HV divider and tan delta. Distribution and transmission are the application of high voltage testing products. At higher voltage, reliability and proven track record become even more important.

High Voltage Testing Market: Drivers & Restraints

In U.S., Europe and China, the most common transportation voltage level is 550 KV. Canada, Korea and U.S are tending to use 800 KV which is also applied to India and China. This is due to longer distances of power transmission, requiring higher voltage to minimize transmission losses. Increasing transmission voltage levels, current for a given power is reduced to lower levels hence resulting in requirement of a thinner and a lighter cable which can easily withstand such lower current levels. Emerging economies like China and India will support the need for higher transmission voltage to increase the capacity. High voltage testing equipment market demand in Asia-Pacific is constantly rising making it the most attractive market specifically in China and India. In Europe, high and extra-high voltage underground electricity cable systems rated at 220KV and above have become part of the backbone of modern day power transmission infrastructure. In Europe shift towards usage of underground high voltage cables instead of currently in place overhead transmission lines is expected to help in improving connectivity and reliability as compared to overhead lines. China and U.S. are two leading high-voltage switch gear markets in the world attracting huge business. Main drivers in China are several power generation, transmission and upcoming pipeline projects. User-friendly high-voltage test systems for on-site testing are of great interest for the Chinese cable industry. Growth in Russian market will be driven by new power transmission lines and up gradation of existing ones. In U.S.,           growth is expected to be driven by increased investment in transmission and distribution infrastructure and replacements.

High Voltage Testing Market: Regional Outlook

Important drivers for high voltage testing market are steadily increasing need for energy, increasing requirement of transmission and distribution, and a trend toward high voltage. Global demand for electricity will grow in coming years. This growth will result into strong investments in the global transmission and distribution sector. The market share of China and India is estimated to be more than half of the total market of non-OECD countries.

High Voltage Testing Market: Key Players

Some of the global players in the high voltage testing market are High Voltage Inc., Prysmian cables & systems, Haefely Test AG and SilecCable among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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