Surge Arrester Global Market Report 2023 – By Type (Polymeric, Porcelain), By Class (Distribution Class, Intermediate Class, Station Class), By Application (AIS, GIS), By Voltage Type (Low Voltage Surge Arresters, Medium Voltage Surge Arresters, High Voltage Surge Arresters), By End User (Utilities, Industries, Transportation) – Market Size, Trends, And Global Forecast 2023-2032

The power quality equipment are devices used for measuring, analyzing, and improvement of voltage to help maintain a continuous wave and also a smooth periodic function waveform of a rated voltage and frequency. Power quality equipment is a vital device/system used to protect electrical equipment from failing prematurely or malfunctioning. The main types of power quality equipment include surge arresters, surge protection devices, harmonic filters, power conditioning units, power distribution units, uninterruptable power supply, synchronous condensers, voltage regulator, digital static transfer switch, static var compensator, solid oxide fuel cells, isolation transformers, power quality meters, and others. The surge arresters refer to a protective device that limits the voltage on equipment by discharging or bypassing surge current. This is used to prevent the flow of current to the ground. They are used in single-phase and three-phase power generation and distribution systems in industries ranging from industrial & manufacturing, commercial, residential, transportation, and utilities. The global power quality equipment market is segmented - 1) By Equipment: Surge Arresters, Surge Protection Devices, Harmonic Filters, Power Conditioning Units, Power Distribution Unit, Uninterruptable Power Supply, Synchronous Condenser, Voltage Regulator, Digital Static Transfer Switch, Static VAR Compensator, Solid Oxide Fuel Cells, Isolation Transformers, Power Quality Meters, Other Equipments 2) By Phase: Single Phase, Three Phase 3) By Application: Industrial & Manufacturing, Commercial, Residential, Transportation, Utilities The global power quality equipment market size grew from $23.35 billion in 2022 to $24.94 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the power quality equipment market is expected to grow to $32.58 billion in 2027 at a CAGR of 6.9%. An increase in the demand for power is significantly driving the growth of the power quality equipment market. Demand for power refers to the maximum amount of electrical power that is being used at a given time. Globally, power demand is increasing due to a sudden surge in various industrial activities and advances in both developing and developed countries. For instance, according to the IEA report in July 2021, there was a 5% rise in electricity demand which is 1% more than the year 2020. Also, energy generations with renewables like hydropower, wind, and solar PV is on track to grow strongly around the world over the next two years – by 8% in 2021 and by more than 6% in 2022. Thus, due to an increase in demand for power year by year, there will be an increase in demand for power quality equipment. Major players in the power quality equipment market are Eaton, ABB, Siemens, Schneider Electric, General Electric, Toshiba, Emerson, Legrand, Leviton Manufacturing, MTE, Honeywell, AMETEK Powervar, Piller Power Systems Acumentrics, and Socomec Group. Technological innovation is a key trend gaining popularity in the power quality equipment market. Major companies operating in the power quality equipment sector are focused on developing new technological solutions such as high-speed transient monitoring to meet the end-customer demands and strengthen their market position. For instance, in November 2020 Schneider Electric releases PowerLogic ION9000T. This ION9000T adds high-speed transient monitoring to the high-performance power quality meter, helping to avoid outages, equipment damage, failures, and interruption of critical operations. In March 2021, Siemens, a German multinational conglomerate corporation that manufactures power quality equipment among other products acquired C&S Electric, for INR 2,100 million ($274 million). Through this acquisition, C&S electric will become part of and work under Siemens. Furthermore, Siemens plans to adhere to the rising demand for low-voltage power distribution in the country and create an export hub for low-voltage products, distribution products, and protection and measurement. C&S Electric is an India-based manufacturer of power management products that are used for effective power distribution. Asia-Pacific was the largest region in the power quality equipment market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the power quality equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the power quality equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The power quality equipment market consists of sales of voltage regulators, isolation transformers, uninterruptible power supply (UPS), backup generators, and surge protection devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The power quality equipment market research report is one of a series of new reports from The Business Research Company that provides power quality equipment market statistics, including power quality equipment industry global market size, regional shares, competitors with a power quality equipment market share, detailed power quality equipment market segments, market trends and opportunities, and any further data you may need to thrive in the power quality equipment industry. This power quality equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Low voltage switchgear refers to electrical switchgear rated up to 1KV. They are used in low voltage distribution boards to protect the low voltage system. The main products of low voltage switchgear are fixed mounting, plug-in, and withdrawable units. Withdrawable switchgear is electrical switchgear that can be withdrawn and reinserted into the switchgear. The products are installed indoors and outdoor with various voltage ratings such as less than 250V, 250-750V, and 751-1000V. Low voltage switchgear is used by residential, commercial, and industrial end-users. The global low voltage switchgear market is segmented – 1) By Product: Fixed Mounting, Plug-in, Withdrawable Unit 2) By End User: Residential, Commercial, Industrial 3) By Voltage Rating: Less than 250V, 250-750V, 751-1000V 4) By Installation: Indoor, Outdoor The global low voltage switchgear (<=1kv) market size will grow from $28.16 billion in 2022 to $30.8 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of low voltage switchgear (<=1kv) is expected to grow to $42.54 billion in 2027 at a CAGR of 8.4%. The demand for electricity generation is projected to drive the low voltage switchgear market. Development of industrialization and urbanization requires continuous electricity supply, and the reliability of the electrical supply depends heavily on the performance of the switchgear. Production of energy is sustainable growth with demand in rural and urban areas with ongoing improvements to the integration of protection of supply, which will drive industry growth For instance, in January 2022, according to electricity market report published by International Energy Agency, a France-based intergovernmental organisation, the global electricity demand grew by 6% in 2021. Additionally, the demand for electricity in China reached to 744 TWh in 2021 from 296 TWh in 2020. Therefore, the demand for electricity generation is projected to propel the demand for low voltage switchgear market. Major players in the low voltage switchgear market are ABB Limited, Al Hassan Engineering Co. S.A.O.G., E + I Engineering Ltd., Eaton Corporation, Fuji Electric, General Electric, Hitachi Limited, Hubbell Power Systems, Hyosung Corporation, Hyundai Electric & Energy Systems, and L&T Electrical and Automation. Unpredictable economic conditions in commercial and residential sectors are hindering market growth. Increasing prices of raw materials and limited flow of investments in the energy sector act as a restraint for the market. For instance, according to the International Monetary Fund, global economic growth will slow to 4.4% in 2022due to sluggish industrial activities from construction, factories, and commercial firms, as they consume about half the country’s electricity. Thereby, the uncertain economic situation significantly affects the growth of the low voltage switchgear market. The development of digital switchgear has become an emerging trend in the low voltage switchgear market. Digital switchgear uses the collected information to analyse the performance of current levels, temperature, operating cycles, and load levels which help in improving the performance and reliability of switchgear. Smart switchgear allows grid optimization, improved quality, and reduces both transmission and operating losses. For instance, in November 2020, ABB Ltd., a Switzerland-based automation company, introduced NeoGear low-voltage switchgear. It is safer, smarter, and more sustainable, increasing efficiency while decreasing expenses for digitalized industries. It includes real-time condition monitoring and predictive maintenance, remote support, fault and solution diagnostics, and data analytics for Industry 4.0. Therefore, digital switchgear is expected to gain popularity in the low voltage switchgear market. In January 2020, Siemens Ltd., a Germany-based engineering and electronics company acquired C&S Electric Limited for Rs 2,100 crore (294.4 million). With this acquisition, Siemens aimed to cater to the demand for reliable and efficient power supply in India. C&S Electric Limited is an Indian-based switchgear and power equipment manufacturing company. Asia-Pacific was the largest region in the low voltage switchgear market in 2022. Western Europe was the second-largest region in the low voltage switchgear market share. The regions covered in the global low voltage switchgear market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the low voltage switchgear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The low voltage switchgear market consists of sales of low voltage circuit breakers, switches, off load electrical isolators, earth leakage circuit breakers, and other low voltage switchgear. They are used to protect the low voltage system. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The low voltage switchgear market research report is one of a series of new reports from The Business Research Company that provides low voltage switchgear market statistics, including low voltage switchgear industry global market size, regional shares, competitors with a low voltage switchgear market share, detailed low voltage switchgear market segments, market trends and opportunities, and any further data you may need to thrive in the low voltage switchgear industry. This low voltage switchgear market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Medium voltage switchgear refers to electrical switchgear rated between 2 KV and 36 KV. It provides central control and safety for medium-voltage power circuits and equipment. The main types of insulations in medium voltage switchgear are air, gas, oil, and vacuum. Air is a good insulator, its spread-out molecular configuration helps to resist heat transfer to some extent. the different types of installations include outdoor, and indoor and are used in various applications such as residential, commercial, industrial, and utility. The global medium voltage switchgear market is segmented - 1) By Insulation: Air, Gas, Oil, Vacuum 2) By Installation: Outdoor, Indoor 3) By Application: Residential, Commercial, Industrial, Utility The global medium voltage switchgear (2kv - 36kv) market size will grow from $40.13 billion in 2022 to $43.73 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of the global medium voltage switchgear (2kv - 36kv) market is expected to grow to $57.84 billion in 2027 at a CAGR of 7.2%. The demand for electricity generation is projected to drive the medium voltage switchgear market. Development of industrialization and urbanization requires continuous electricity supply, and the reliability of the electrical supply depends heavily on the performance of the switchgear. Production of energy is sustainable growth with demand in rural and urban areas with ongoing improvements to the integration of protection of supply, which will drive industry growth. For instance, in August 2022, according to the Indian Brand Equity Foundation (IBEF), India-based, an India-based government agency for providing economic information, the government of India started the Pradhan Mantri Sahaj Bijli Har Ghar Yojana, or "Saubhagya," intending to achieve universal household electrification through which 2.82 crore houses had been electrified as of March 2021. Additionally, the government provided Rs. 19,500 crores ($2.57 billion) in the Union Budget 2022–23 for a PLI scheme to promote the production of high-efficiency solar modules for electricity generation. Major players in the medium voltage switchgear market report are Siemens AG, Schneider Electric SE, Eaton Corporation PLC., Mitsubishi, Hyundai Heavy Industries, ABB, Bharat Heavy Electricals Limited, Hyosung Heavy Industries, General Electric, and Powell. Stringent environment and safety regulations in the manufacturing of medium voltage switchgear are hindering the market’s growth. The regulations governing medium voltage switchgear is IEC 62271-200 and it specifies that all electrical characteristics must comply with standard regulations. Many companies struggle to stay with fast-changing safety standards. Sometimes they can’t bear the funds to perform tasks required by the latest standards. According to IEC 62271-200 regulations, enquirers placing any order for metal-enclosed switchgear, should provide the main electrical characteristics of the system and also the service conditions if it is different from the standard. Therefore, stringent environment and safety regulations are limiting the medium voltage switchgear market’s growth. The development of eco-efficient switchgear has become an emerging trend in the medium-voltage switchgear market. Eco-efficient switchgear is an alternative to greenhouse gas sulfur hexafluoride (SF6) for improved eco-efficiency and less environmental impact. Switchgear of SF6 gas is used as the electrical insulation and current interruption medium and is extremely restricted to greenhouse gas. For instance, in November 2022, Hitachi Energy, a Switzerland-based company operating in an energy solution, introduced sulfur hexafluoride (SF6) free 420-kilovolt (kV) gas-insulated switchgear (GIS) technology to achieve carbon neutrality in the power grid. Therefore, a rise in the usage of eco-efficient switchgear is gaining popularity in the medium-voltage switchgear market. In March 2021, Siemens Limited, a Germany-based company operating in the generation of electrical power acquired C&S Electric Limited for a deal of $ 269 million (EUR 267 million). Through this acquisition, Siemens Limited aims to address challenges related to low-voltage power distribution in India and strengthen its market presence. C&S Electric Limited is an India-based company operating in switchgear and power equipment. Asia-Pacific was the largest region in the medium voltage switchgear market in 2022. Western Europe is the second-largest region in the global medium power transformers market share. The regions covered in the medium voltage switchgear market analysis report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the medium voltage switchgear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The medium voltage switchgear market consists of sales of electrical switches, fuses, circuit breakers, disconnectors, and other medium voltage switchgear. They are used to operate, secure, and separate electrical equipment. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medium voltage switchgear market research report is one of a series of new reports from The Business Research Company that provides medium voltage switchgear market statistics, including medium voltage switchgear industry global market size, regional shares, competitors with a medium voltage switchgear market share, detailed medium voltage switchgear market segments, market trends and opportunities, and any further data you may need to thrive in the medium voltage switchgear industry. This medium voltage switchgear market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

High voltage switchgear is defined as electrical equipment used in an electrical path to deal with voltage above 36 kV and is designed to perform some operations such as control, regulate, and switch on/off as needed in an electric circuit. The main insulation types of high voltage switchgear are gas insulated, oil insulated, and air insulated. Gas-insulated high-voltage switchgear (GIS) is a compact metal encapsulated switchgear consisting of high-voltage components such as circuit-breakers and disconnectors, which can be safely operated in confined spaces. The various components used include circuit breakers, relays, and others. The high voltage switchgear follows the IEC standard and ANSI standard that are used for transmission and distribution networks, manufacturing and processing, infrastructure, and transportation applications. The global high voltage switchgear market is segmented - 1) By Insulation Type: Gas Insulated, Oil Insulated, Air Insulated 2) By Application: Transmission And Distribution Network, Manufacturing & Processing, Infrastructure & Transportation 3) By Product Standard: IEC Stardard, ANSI Standard 4) By Component: Circuit Breakers, Relays, Other Components The global high voltage switchgear (above 36kv) market will grow from $10.11 billion in 2022 to $10.83 billion in 2023 at a compound annual growth rate (CAGR) of 7.1% . The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global high voltage switchgear (above 36kv) market is expected to grow to $14.52 billion in 2027 at a CAGR of 7.6% . The demand for electricity generation is projected to drive the high voltage switchgear market. The availability of electricity has become essential for economic development and poverty alleviation. Development of industrialization and urbanization requires continuous electricity supply, and the reliability of the electrical supply depends heavily on the performance of the switchgear. Therefore, electricity demand is driving the demand for high voltage switchgear in the forecast period. For instance, according to IEA, a Paris-based autonomous intergovernmental organization, global electricity generation demand is expected to grow at 2.1% per year to 2040, twice the rate of primary energy demand. Major players in the high voltage switchgear market are ABB Ltd., General Electric, Company Crompton Greaves Limited, Fuji Electric, Hitachi, Hyosung Corporation, Mitsubishi Electric Corporation, Toshiba Electric Corporation, Siemens AG, and Eaton Corporation . Unstable prices of raw materials are restraining the high voltage switchgear market. Prices fluctuate due to the availability of low-quality materials at cheaper prices of high voltage switchgear. This arises the risk of breakdown of insulation layers or short circuit conditions and other failures. Thereby inconsistent pricing in raw materials of high voltage switchgear is expected to hinder the market growth. For instance, in May 2020, according to an article published by TTI, Inc., a US-based electronic company, the most expensive variable cost involved with the fabrication of passive electronic components is raw materials. Electronic and telecommunication companies are increasing the implementation of mobile substations. Installation of mobile substations enables the restoration of electricity under outdoor conditions or in unforeseen circumstances and are functionally designed to provide temporary power supplies as quickly as possible. In addition, these mobile substations incorporate generators, transformers, metal-clad switchgear, outdoor load break switches and breakers, which are used for network extensions, and temporary switching stations. For instance, ABB Group, a Switzerland multinational corporation designed the mobile substation for the Italian railway network. Thereby, the use of mobile substations as per necessity energy generation is becoming the latest trend in the market. In July 2020, Hitachi, Ltd., a Japan-based multinational conglomerate corporation, acquired 80.1% of ABB’s Power Grids Business. With this acquisition, Hitachi and Hitachi ABB Power Grids will offer innovative energy solutions in the energy (utilities), mobility, smart life (cities), industry, and information technology industries. ABB’s Power Grids Business is a US-based manufacturer of high and low voltage switchgear. Asia-Pacific was the largest region in the high voltage switchgear market share in 2022. Western Europe was the second-largest region in the high voltage switchgear market analysis. The regions covered in the global high voltage switchgear market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the high voltage switchgear market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The high voltage switchgear market consists of sales of gas-insulated switchgear, air-insulated switchgear, and other high voltage switchgear. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The high voltage switchgear market research report is one of a series of new reports from The Business Research Company that provides high voltage switchgear market statistics, including high voltage switchgear industry global market size, regional shares, competitors with a high voltage switchgear market share, detailed high voltage switchgear market segments, market trends and opportunities, and any further data you may need to thrive in the high voltage switchgear industry. This high voltage switchgear market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Electrolytic capacitors refer to a type of capacitor that uses an electrolyte to achieve a larger capacitance than other capacitor types. These capacitors reduce voltage and voltage fluctuations. It is used in DC power supply circuits due to their large capacitance and small size for reducing the ripple voltage. The main types of electrolytic capacitors are aluminium electrolytic capacitors, tantalum electrolytic capacitors, and niobium electrolytic capacitors. Tantalum capacitors are a subtype of electrolytic capacitors and are made of tantalum metal, which acts as an anode, covered by a layer of oxide which acts as the dielectric, and surrounded by a conductive cathode. It is applied in various applications such as power generation, transmission, distribution, and other applications, that involve consumer electronics, industrial electronics and lighting, computers and telecommunications, energy, automotive and aerospace, and defense. The global electrolytic capacitor market is segmented - 1) By Type: Aluminum Electrolytic Capacitors, Tantalum Electrolytic Capacitors, Niobium Electrolytic Capacitors 2) By End-Use Industry: Consumer Electronics, Industrial Electronics and Lighting, Computer and Telecommunications, Energy, Automotive, Aerospace and Defense The global electrolytic capacitor market size grew from $6.86 billion in 2022 to $7.28 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global electrolytic capacitor is expected to grow to $9.06 billion in 2027 at a CAGR of 5.6%. The rising demand for capacitors is expected to propel the growth of the electrolytic capacitor market going forward. Capacitors refer to electronic components that have 2 terminals and the ability to store energy in the form of an electric charge. Electrolytic capacitors are used in DC power supply circuits due to their large capacitance, and this will help to reduce voltage and voltage fluctuations. For instance, in February 2022, according to Global Trade magazine, a US-based magazine, global capacitor total imports accounted for $31 billion in 2020. The largest capacitor importing markets were China and Hong Kong, accounting for imports of $8.8 billion, $5.4 billion, and Germany, $2 billion. Therefore, the rising demand for capacitors is driving the growth of the electrolytic capacitor market. Major players in the electrolytic capacitor market are Nippon Chemi-Con Corporation, Nichicon Corporation, Nantong Jianghai Capacitor Co., Ltd., Rubycon Corporation, SamYoung Electronic Co., Ltd., TDK Electronics AG, Panasonic Corporation, Capxon Electronic Industrial Co., Ltd., Lelon Electronics Corp., Vishay Intertechnology Inc., KEMET Corporation, Capxon, Man Yue, Samwha, and Alcon Electronics Technological advancements are the key trend gaining popularity in the electrolytic capacitor market. Major companies operating in the electrolytic capacitor market are focused on developing new technological solutions to strengthen their position. For instance, in November 2020, Exxelia, a France-based company that manufactures different types of capacitors including tantalum capacitors, ceramic capacitors, film capacitors, RF capacitors, and aluminium electrolytic capacitors, launched its innovative aluminium electrolytic capacitor series, named the "Felsic HC" product series. By providing the highest energy density, this capacitor can save up to 30% of space and weight. In January of 2022, Exxelia, a France-based company that manufactures high-performance sub-systems and passive components, acquired Alcon Electronics for an amount of $100 million. This acquisition will help to strengthen the engineering capabilities of Exxel. Alcon Electronics is an India-based company that manufactures custom-designed aluminium and film electrolytic capacitors. Asia-Pacific was the largest region in the electrolyte capacitor market in 2022. The regions covered in this electrolytic capacitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the electrolytic capacitor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The electrolytic capacitors market consists of sales of nonsolid (liquid, or wet), solid manganese dioxide, solid polymer , leaded tantalum capacitors, and surface mount tantalum capacitors . Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electrolytic capacitor market research report is one of a series of new reports from The Business Research Company that provides electrolytic capacitor market statistics, including electrolytic capacitor industry global market size, regional shares, competitors with an electrolytic capacitor market share, detailed electrolytic capacitor market segments, market trends and opportunities, and any further data you may need to thrive in the electrolytic capacitor industry. This electrolytic capacitor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The low voltage cables & accessories refer to low voltage electrical wires used for secondary distribution of electricity at voltages less than 1 kV. Low-voltage cables and accessories are widely used for digital and communication purposes. The main types of low voltage cables & accessories include overhead products and underground products. Underground products refer to low voltage cables & accessories such as PVC cables, XLPE cables, cable termination, cable joints, and others used in the installation of cables below the ground. The materials used in the manufacturing of low voltage cables & accessories include copper and aluminium. The different voltage ranges in low voltage cables & accessories include up to 240V, 241-440V, and 441V-1000V. They are used by industrial, commercial, and residential customers. The global low voltage cables and accessories market is segmented - 1) By Product: Overhead Products, Underground Products 2) By Voltage: Up to 240V, 241V – 440V, 441V – 1000V 3) By Material: Copper, Aluminum 4) By End-User: Commercial, Residential, Industrial The global low voltage cables & accessories market size grew from $164.89 billion in 2022 to $201.33 billion in 2023 at a compound annual growth rate (CAGR) of 22.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global low voltage cables & accessories market size is expected to grow to $542.52 billion in 2027 at a CAGR of 28.1%. The rising electricity demand is expected to propel the low voltage cables and accessories market. Global electricity demand is rising due to strong economic growth in developing countries, a rising increase in household incomes, electrification of transportation, and growing demand for digitally connected devices. The increased demand for electricity is expected to boost the utilization of low-voltage cables and accessories, as they act as the main component for the secondary distribution of electricity to various industrial and household components. According to the International Energy Agency (IEA) report in 2021, a France-based autonomous intergovernmental organization for energy, worldwide electricity demand is expected to grow by 2.4% in 2022 after the previous year’s 6% increase in electricity consumption. Therefore, the rising electricity demand is expected to boost demand for low-voltage cables and accessories during the forecast period. Major players in the low voltage cables & accessories market are Prysmian S.P.A, Nexans S.A., General Cable Corporation, Sumitomo Electric Industries, NKT Cables Group GmbH, ABB Ltd., KEI Industries Limited, TE Connectivity, Bahra Advanced Cable Manufacture Co. Ltd., Ensto India Private Limited, Elsewedy Electric, REPL International Ltd., Brugg Cables AG, Ikebana Engineering Ltd., Hellenic Cables, Raychemrpg, Caledonian Cables, Leoni, Southwire, Riyadh Cables Group Company, and Hangzhou Cable. Technology innovations and advancements in the design of cable accessories are key trends gaining popularity in the low-voltage cables & accessories market. The companies operating in the low-voltage cables and accessories sector are focusing on developing innovative products with the latest technologies, improvised product offerings, and cost-efficiency. For instance, in April 2021, Lapp India Pvt. Ltd., an India-based supplier, and manufacturer of cables and cable accessories launched ETHERLINE T1, a new single-pair Ethernet cable for transmitting digital signals. The Ethernet T1 cable is made up of copper braid and aluminum-laminated foil and is used as a double shield to prevent electromagnetic interference., which is capable of supplying power and data simultaneously to SPE (Single Pair Ethernet) terminals with low energy consumption and can transmit data up to a range of 1200m at 10 Mbit/s. - In April 2022, Nexans S.A., a Europe-based fiber optic cable manufacturing company acquired Centelsa from Xignux SA of Mexico for an undisclosed amount. Through this acquisition, Nexans intends to become a pure electrification player, focusing on the value chain of sustainable energy generation, transmission, distribution, and usage. Centella is a Latin American-based manufacturer of power and telecommunications cables. Asia-Pacific was the largest region in the low voltage cables & accessories market share in 2022, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the global low voltage cables & accessories market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the low voltage cables & accessories market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The low-voltage cables & accessories market consists of sales of flexible cables, power cables, armored cables, rubber cables, halogen cables, control cables, fire resistance cables, control cables, special cables, and aluminum cables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The low voltage cables & accessories market research report is one of a series of new reports from The Business Research Company that provides low voltage cables & accessories market statistics, including low voltage cables & accessories industry global market size, regional shares, competitors with a low voltage cables & accessories market share, detailed low voltage cables & accessories market segments, market trends and opportunities, and any further data you may need to thrive in the low voltage cables & accessories industry. This low voltage cables & accessories market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Medium voltage cable is an electric cable composed of an aluminum or copper conductor and a conductor shield, a composed semiconductor material with a voltage rating between 1000V to 30KV and used in mobile substation equipment, distributing power in industrial settings, supplying power to trains and metro lines and others. The main types of medium voltage cables are termination cables, joints, Cross-Linked Polyethylene (XLPE) cables, and other products. Termination cables refer to the connection of the fiber or a wire to a device such as panels or equipment to connect the cable with other devices. The voltage of medium voltage cables is up to 25kv, 26kv-50kv, 51kv-75kv, 76kv-100kv that can be installed underground, submarine, overhead across industrial, commercial, utility applications. There are various users of the medium voltage cables such as oil and gas, energy and power, mining, manufacturing, transportation, commercial, residential. The global medium voltage cable market is segmented – 1) By Product: Termination Cables, Joints, Cross-Linked Polyethylene (XLPE) Cables, Other Products 2) By Voltage: Up to 25kV, 26kV-50kV, 51kV-75kV, 76kV-100kV, 3) By Installation: Underground, Submarine, Overhead 4) By Application: Industrial, Commercial, Utility 5) By End Users: Oil And Gas, Energy And Power, Mining, Manufacturing, Transportation, Commercial, Residential The global medium voltage cable market size grew from $33.35 billion in 2022 to $40.98 billion in 2023 at a compound annual growth rate (CAGR) of 22.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global medium voltage cable is expected to grow to $109.58 billion in 2027 at a CAGR of 27.9%. The rising electricity demand drove the market for medium voltage cable market in the historic period. Within a power grid, medium-voltage cables serve to supply a region with electrical energy. During the pandemic, the demand for electronic items such as laptops and desktops has increased due to the increase in work-from-home culture, which in turn increases the demand for medium-voltage cables. According to India Brand Equity Foundation (IBEF), an Indian Government export promotion agency, in June 2021, the power consumption grew by 12.6% which is 25.36 billion units due to the electricity demand. Also, according to the International Energy Agency (IEA), a Paris-based autonomous intergovernmental organization, power demand in India is expected to grow at an annual rate of 6.5% between 2022 and 2024 backed by rising consumption from residential and industrial segments. The rising electricity demand drove the market for the growth of the medium voltage cables during the period. Major players in the medium voltage cable market are Brugg Kabel AG, Cablel, Leoni AG, Nexans, NKT A/S, Prysmian Group, Southwire Company LLC, Sumitomo Electric Industries, TPC Wire And Cable Corp, General Cable Technologies Corporation, Riyadh Cables Group Company, Jiangnan Group, Tratos Cavi SpA, Universal Cables Ltd. and Synergy Cables. Technological Innovations are shaping the medium voltage cable market. Companies in the medium voltage cables market are focusing on the development of eco-friendly products. For instance, a US-based custom cable and wire manufacturer, Philatron’s new Philatron-EF Environmental Friendly Power Cables are made using a special proprietary blend of recyclable thermoplastics which outperforms TR-XLPE (tree-retardant cross-linked polyethylene) and EPR (ethylene propylene rubber). These cables also have a higher dielectric strength value and are toxic-free and are well suited for recyclability. In April 2022, Ravin Group, an India-based manufacturer of wires and cable acquired Cable Corporation of India Limited for an undisclosed amount. This acquisition helps in enhancing its manufacturing capabilities of voltage cables of capacity from 250 v to 400 kv and gain a strong position in cable manufacturing markets. Cable Corporation of India Limited is an India-based manufacturer of electric cables. Asia-Pacific was the largest region in the medium voltage cable market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in medium voltage cable market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the medium voltage cable market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The medium voltage cable market consists of sales of single-core cables, triple-core cables, single-core triplex, ethylene propylene rubber (EPR) cables, low or medium-density polyethylene cables, polyvinyl chloride (PVC), and low smoke zero halogens (LSZH) cables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medium voltage cable market research report is one of a series of new reports from The Business Research Company that provides medium voltage cable market statistics, including medium voltage cable industry global market size, regional shares, competitors with a medium voltage cable market share, detailed medium voltage cable market segments, market trends and opportunities, and any further data you may need to thrive in the medium voltage cable industry. This medium voltage cable market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

High voltage cables refer to a wire or cable that is rated for more than 1000 volts. These cables are also used at locations such as power production units, solar and wind energy production units, the instrument industry, and power transmission. It is used for the transfer of electricity at high voltage and is used for various types of applications like direct power transmission, ignition systems, alternating currents, and other instruments. The main types of installations in the high voltage cable market are overhead, submarine and underground. A submarine refers to a vessel that can be submerged and navigated underwater, usually built for warfare and armed with torpedoes or guided missiles.The voltages are 50kV-110kV,115kV-330kV and >330kV.The end-users involved are utility and industrial. The global high voltage cable market is segmented - 1) By Installation: Overhead, Submarine, Underground 2) By Voltage: 50kV-110kV, 115kV-330kV, > 330kV 3) By End-User: Utility, Industrial The global high voltage cable market size grew from $40.34 billion in 2022 to $49.46 billion in 2023 at a compound annual growth rate (CAGR) of 22.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the high voltage cable market is expected to grow to $130.05 billion in 2027 at a CAGR of 27.3%. The increase in electricity demand is expected to propel the growth of the high voltage cables market going forward. Electricity refers to a fundamental form of energy observable in positive and negative forms that will occur naturally (as in lightning) or is produced (as in a generator) and that has been expressed in terms of the movement and interaction of electrons. High-voltage cables have been used in power transfer and distribution, national transfer network cabling, electric stations, and municipal networks. the rapid growth in electricity demand is expected to boost utilization of high voltage cables, as they are widely used in power distribution and industrial applications. For instance, in July 2022, according to a press release published by International Energy Agency, a Paris-based autonomous intergovernmental organisation, following the 2021, 6% increase in the electricity demand, the global electricity demand is projected to expand by 2.4% in 2022, matching its average growth rate over the five years preceding the COVID-19 pandemic. Therefore, the increasing consumption of electricity is expected to boost demand for high voltage cables during forecast period. Major players in the high voltage cable market are Prysmian group, Dubai Cable Company Pvt. Ltd., NKT Cables, Nexans, Southwire Company LLC, Sumitomo Electric Industries Ltd., Siemens AG, Tele-Fonika Kable S.A., Jiangan Group Limited, Schneider Electric, Tratos, Universal Cables Ltd., Riyadh Cables Group Company, Synergy Cables, ZTT, ABB, Baosheng High Voltage Cable Co. Ltd., Elsewedy Electric Company, TBEA Co. Ltd., Hitachi Ltd., and Furukawa Electric. Strategic partnerships and collaborations are a key trend gaining popularity in the high voltage cables market. Companies operating in high voltage cable are undergoing partnerships to strengthen their position in the high voltage cable market. For instance, in March 2022, Taihan Cable & Solution a south Korean company partnered with the Saudi company Mohammed Al-Ojaimi Group and entered into a joint venture for the establishment of a High voltage cables plant in Saudi Arabia. This collaboration hopes to capture the market in the region through localized production of the product. Furthermore, in October 2021, Gulf Cable & Electrical Industries Company Co, a Kuwait-based manufacturer of electrical cables partnered with Riyadh Cables Group Company, a Saudi Arabia-based manufacturer of high voltage cables for the establishment of high voltage cables production factory in Kuwait. This collaboration with Riyadh Cables group aims at achieving the maximum benefit from the market’s capabilities by diversifying the company’s products and its revenue sources in a way that serves shareholders’ interests and goals. In March 2022, Ravin Group, an India-based solutions provider in the area of cables, solar, EHV projects & power equipment, acquired Cable Corporation of India Ltd for an undisclosed amount. Through this acquisition, The Ravian Group will be able to enhance its manufacturing capacity from 250 V up to 400 V and manufacture different voltage of cables and extend the company’s presence across the country. The Cabel Corporation India is an India-based manufacturer of high voltage cables. North America was the largest region in the high voltage cables market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high voltage cables market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the high voltage cables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The high voltage cables market consists of sales of tape shielded, drain wire-shielded, general cable uni-shield, concentric neutral (CN), and jacketed concentric neutral (JCN). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The high voltage cable market research report is one of a series of new reports from The Business Research Company that provides high voltage cable market statistics, including high voltage cable industry global market size, regional shares, competitors with a high voltage cable market share, detailed high voltage cable market segments, market trends and opportunities, and any further data you may need to thrive in the high voltage cable industry. These high voltage cable market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.