EHV lines are used to move large amounts of power across long distances. The higher the voltage, the lower the losses. In addition, by being able to move more power across one line, fewer overall lines are needed for transmission. This reduces project costs and the right of way required.
MARKET DYNAMICS
The rapid increase in power requirement, increase in government incentive policy to reduce carbon emissions, low transmission losses, and technological advancement are some of the drivers of the EHV transmission market. The market is expected to show a sound growth in the coming years.
MARKET SCOPE
The ?Global EHV Transmission Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the EHV Transmission market with detailed market segmentation by product type, end-users. The global EHV Transmission market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading EHV Transmission market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. By Product Type: The market is divided into Cables, Converters, and Others.
2. By End-User: The market is divided into Overhead Transmission, Underground Transmission, and Subsea Transmission.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The EHV Transmission market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the EHV Transmission market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the EHV Transmission market in these regions.
IMPACT OF COVID 19
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The demand of electricity has been reduced significantly due to the recent COVID-19 pandemic. Governments around the world were compelled to reduce the business activity in response to minimize the threat of coronavirus. This on-going situation due to COVID-19 has changed the lifestyle globally as people are mostly staying home and working from home if possible. Hence, there is a significant increase in residential load demand while there is a substantial decrease in commercial and industrial loads
MARKET PLAYERS
The report covers vital developments in the EHV Transmission Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the EHV Transmission Market are anticipated to have lucrative growth opportunities in the future with the rising demand for EHV Transmission in the global market. Below mentioned is the list of a few companies engaged in the EHV Transmission Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the EHV Transmission market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
1. ABB Ltd.
2. Alstom
3. BHEL
4. Crompton and Greaves
5. General Electric
6. Hitachi
7. Mitsubishi Heavy Industries
8. Nexans
9. Prysmian
10. Siemens