Top 10 High & Medium Voltage Products Market worth $349.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

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Europe is expected to be the second largest region in the Top 10 High & Medium Voltage Products Industry.

Europe is expected to be the second largest Top 10 High & Medium Voltage Products Market during the forecast period. The Europe region has been subdivided into five key countries: UK, Germany, France, Italy, Spain, and the Rest of Europe. High and medium voltage products are crucial to industries as they enable efficient power transmission over long distances from generation centers to transformer substations. The revitalization of the European industrial sector and the establishment of new industrial set-ups and facilities are also expected to fuel the demand for high & medium voltage products in the region.

Key Market Players:

Some of the major players in the Top 10 High & Medium Voltage Products Companies are Siemens (Germany), ABB (Switzerland), Hitachi (Switzerland), Schneider Electric (France), and Prysmian S.p.A. (Italy). The major strategies adopted by these players include sales contract, product launches, investments, collaborations, partnerships, and expansions.

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Recent Developments

In May 2023, Prysmian Group secured a contract for a power interconnection project between France and Spain. The project developed for the joint venture INELFE aims to enhance power supply reliability, facilitate the integration of renewable energy, and contribute to an efficient system, aligning with the European Commission's Projects of Common Interest.In May 2022, Enel has started providing electricity across their networks using ABB's 24 kV SF6-Free Ring Main Units. Enel has installed 20 ABB SafePlus AirPlus Medium Voltage RMUs in their secondary substations across Italy and Spain.In September 2021, Sumitomo Electric Industries, Ltd. and Siemens Energy AG partnered to secure a contract from Greenlink Interconnector Limited. The company was responsible for the design, engineering, procurement, production, construction, and commissioning of a 500MW HVDC subsea/underground electricity interconnector cable, connecting Ireland and the United Kingdom.

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