High Voltage Measuring Equipment 2017 Global Market to Reach US$ 6.59 Bn and Growing at CAGR of 7.9% by 2024


New York, NY -- (SBWIRE) -- 10/02/2017 -- High Voltage Measuring Equipment are electric device which are commonly known for the measuring the electric current with correct accuracy. The main purpose of this tools include high-voltage instrument transformer, multi-meter, capacitors, and other interrogation. These devices are mainly used for processing and measuring voltage in equipment, industrial facilities, transmission grid and other applications such as testing centers and laboratories.

High Voltage Counting Equipment Market Growth is expected by investing heavily in the transmission grid for power transmission and maximum efficiency for minimal loss.

According to research report, the global High voltage measuring equipment market is expected to be worth US$6.59 bn and grow at CAGR of 7.9% between 2016 and 2024.

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Capacitive Voltage Transformers is expected to handle the production division of the High Voltage Counting Equipment market and as per prediction the potential for bright growth in the coming years. Capacitive voltage transformers for comprehensive voltage spectrum and their multiple experiments are expected to have a relatively slow growth due to their ability to potential transformers due to their capacity. They are not designed to handle high voltage, extra high voltage and ultra-high voltage, which is likely to increase volume in the coming years.

In volume terms, in 2015, the Power Transmission application provided more than 50% market share. The industrial production is almost third, surpassed by the substation application. The demand for high voltage counting devices in industrial use is expected to be driven by new sources of electricity use like robots, electric cars and cloud computing. There is a small share in other market shareholders.

This report provides an actual market size of market size for measuring high voltage for the year 2016. The global market of large quantities measuring instruments has been given in terms of volume and revenue estimates for the next eight years. Market segment has been defined in the unit, whereas market revenue is in US $ MN. Market numbers have been estimated based on the main applications of the device to measure product types and high voltage. According to global, regional and country-level markets, market size and estimation has been made for numerous end-users.

This study includes equipment and controllers in the market to measure global high voltage. These drivers and recharges have an impact on the demand of high voltage measurement instruments during the future period. The report also mentions market opportunities in the world of hybrid counting at world and regional level.

High Voltage Measuring Equipment Market: Voltage Analysis
- High Voltage (35-400kV)
- Extra High Voltage (401-800kV)
- Ultra High Voltage (>800kV)

The report covers following region which are North America, U.S., Canada, Europe, U.K., Italy, Russia, France, Germany, Rest of Europe, Asia Pacific, China.

The key players in the high voltage measuring equipment market are ABB, BHEL, CG Power, Shanghai Electric Group, GE Grid Solutions, Maxwell Technologies, Siemens, Crompton Greaves, Schneider Electric, and SANDIAN.

Finally, The current trend on growing demand for direct current gains from existing ones, especially in the high voltage, are the advantages of market valuing equipment's measuring high voltage for long distance resources. These benefits include higher transmission efficiency and efficiency, less expensive installation and maintenance benefits, and at least 'correct path' requirements.

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