Global HV equipment market to be worth $137B by 2023

A recent study made available by Research Mentor projects that the global high voltage equipment market will witness a crucial demand over the projected period, growing at a CAGR of 5.53% from 2018 to 2023.

According to the study, the global high voltage equipment market was valued at $99.38 billion in 2017 and is predicted to reach up to $137.26 billion by the end of 2023.

The report aims to determine the market tendency towards the products as well as the business prominence in the industry, focusing on the industrial development, dominant players involved in the current HV equipment market, industrial approaches, and other market perspectives. 

A number of key market players are profiled in the report, including Toshiba, Crompton Greaves, Mitsubishi Electric, ABB, NR Electric, Siemens, Alstom, Larsen & Toubro, General Electric, Hitachi, Tebian Electric Apparatus, Fuji Electric and Bharat Heavy Electricals Limited.

Source: Research Mentor