PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1118746
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1118746
Voltage Detection System Market Size, Growth Potential, Regional Outlook, Competitive Market Share & Forecast, 2022 - 2030
The voltage detection system market is projected to witness a major upsurge by 2030, driven by the rapid expansion of electric grid networks to accommodate the rise in global electricity demand.
With the growing power demand, policymakers are compelled to engage in modernization and upgradation of existing grid networks. This revamped infrastructure is integrated with efficient electrical equipment, thereby promoting the delivery of reliable and uninterrupted electricity.
During the initial months of the COVID-19 outbreak, power grid expansion projects witnessed a dramatic decline worldwide. However, in 2021, investments in electricity grids were anticipated to rise by 10%, according to the International Energy Agency. This was due to growing infrastructure spending in the United States, China, and Europe. Such electric infrastructure development initiatives are expected to improve the demand for voltage detectors in the power industry.
Another key factor bolstering the need for high- and low-voltage detection circuits is the rising prominence of smart grid projects. In the European Union, these projects play a crucial role in the implementation of digital communication technologies to integrate large amounts of power generated from distributed and renewable energy sources.
Moreover, they contribute to global greenhouse gas emission targets. With the rapid digitalization and the strong focus on combating the climate crisis, the voltage detection system market is poised to attain a commendable valuation over the forecast period.
Based on region, the global voltage detection system market is segmented into North America, the Asia Pacific, Europe, the Middle East & Africa, and Latin America.
The Europe voltage detection system industry is poised to exhibit a CAGR of more than 4% over the stipulated period. The regional market growth is driven by the increasing reliance on clean energy sources to generate electricity. As per data from Eurostat, renewable energy sources accounted for up to 37.5% of the gross power consumption in the EU, a hike from 34.1% in 2019.
Furthermore, the European Commission laid out its long-term plan to cut 55% of the carbon emissions from the economy. These situations can benefit the industry players, given the potential rise in demand for renewable power voltage testers.
Meanwhile, the MEA (the Middle East and Africa) region is likely to emerge as a prominent revenue hub for the voltage detection system industry. Driven by sustained economic recovery, the energy demand in Dubai surged by 6.3% year-over-year in the first half of 2022, based on data from the Dubai Electricity and Water Authority.
The city is also targeting to expand the water and electricity production capacity to meet their burgeoning demand. These initiatives will cater to the needs of residential and commercial customers, developers, and businesses and in turn, provide an edge to voltage detector manufacturers in the region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market definitions
- 1.2 Market estimates & forecast parameters
- 1.2.1 Calculation methodology (Assumption)
- 1.3 Abbreviations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Voltage detection system industry 360 degree synopsis, 2018 - 2030
- 2.1.1 Business trends
- 2.1.2 Regional trends
Chapter 3 Voltage Detection System Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Vendor Matrix
- 3.2 Innovation & technology landscape
- 3.2.1 Kries-Energietechnik GmbH & Co. KG
- 3.3 Regulatory landscape
- 3.3.1 IEC vs ANSI - Understanding the Global Standards
- 3.3.2 ANSI and IEEE voltage classes
- 3.3.3 IEC 62271-213:2021
- 3.3.4 IEC 61243-5
- 3.3.5 30 CFR § 56.12020 - Protection of persons at switchgear.
- 3.3.6 Cal. Code Regs. Tit. 8, § 2858 - Metal-enclosed Power Switchgear
- 3.3.7 Canada
- 3.3.7.1 National Standard of Canada - Domestic
- 3.3.7.2 C22.2 NO. 31-14 - Switchgear assemblies
- 3.3.8 Australia
- 3.3.8.1 Switchgear assemblies and ancillary equipment for alternating voltages above 1 kV
- 3.4 COVID- 19 impact on the industry outlook
- 3.4.1 Top 10 countries impacted by COVID- 19
- 3.4.2 Overall scenario
- 3.5 Industry impact forces
- 3.5.1 Growth drivers
- 3.5.1.1 Growing MV switchgear deployment owing to the rising electricity demand
- 3.5.1.2 Refurbishment and expansion of the existing grid networks
- 3.5.1.3 Development of smart grid and microgrid networks
- 3.5.2 Industry pitfalls & challenges
- 3.5.2.1 Volatile raw material prices
- 3.5.1 Growth drivers
- 3.6 Growth potential analysis
- 3.7 Porter's Analysis
- 3.7.1 Bargaining power of supplier
- 3.7.2 Bargaining power of buyer
- 3.7.3 Threat of new entrants
- 3.7.4 Threat of substitutes
- 3.8 Competitive landscape, 2022
- 3.8.1 Strategy dashboard
- 3.8.1.1 Kries-Energietechnik GmbH & Co. KG
- 3.8.1.1.1 Product Launch
- 3.8.1.1.2 Partnership
- 3.8.1.2 Horstmann GmbH Ltd
- 3.8.1.2.1 Project
- 3.8.1.2.2 Partnership
- 3.8.1.1 Kries-Energietechnik GmbH & Co. KG
- 3.8.1 Strategy dashboard
- 3.9 PESTEL Analysis
Chapter 4 Voltage Detection System Market, By Region
- 4.1 Voltage detection system market share by region, 2021 & 2030
- 4.2 North America
- 4.2.1 North America market, 2018 - 2030
- 4.2.2 U.S.
- 4.2.2.1 U.S. market, 2018 - 2030
- 4.2.3 Canada
- 4.2.3.1 Canada market, 2018 - 2030
- 4.2.4 Mexico
- 4.2.4.1 Mexico market, 2018 - 2030
- 4.3 Europe
- 4.3.1 Europe market, 2018 - 2030
- 4.3.2 UK
- 4.3.2.1 UK market, 2018 - 2030
- 4.3.3 Germany
- 4.3.3.1 Germany market, 2018 - 2030
- 4.3.4 France
- 4.3.4.1 France market, 2018 - 2030
- 4.3.5 Russia
- 4.3.5.1 Russia market, 2018 - 2030
- 4.3.6 Italy
- 4.3.6.1 Italy market, 2018 - 2030
- 4.3.7 Spain
- 4.3.7.1 Spain market, 2018 - 2030
- 4.4 Asia Pacific
- 4.4.1 Asia Pacific market, 2018 - 2030
- 4.4.2 China
- 4.4.2.1 China market, 2018 - 2030
- 4.4.3 Australia
- 4.4.3.1 Australia market, 2018 - 2030
- 4.4.4 India
- 4.4.4.1 India market, 2018 - 2030
- 4.4.5 Japan
- 4.4.5.1 Japan market, 2018 - 2030
- 4.4.6 South Korea
- 4.4.6.1 South Korea market, 2018 - 2030
- 4.5 Middle East & Africa
- 4.5.1 Middle East & Africa market, 2018 - 2030
- 4.5.2 Saudi Arabia
- 4.5.2.1 Saudi Arabia market, 2018 - 2030
- 4.5.3 UAE
- 4.5.3.1 UAE market, 2018 - 2030
- 4.5.4 South Africa
- 4.5.4.1 South Africa market, 2018 - 2030
- 4.6 Latin America
- 4.6.1 Latin America market, 2018 - 2030
- 4.6.2 Brazil
- 4.6.2.1 Brazil market, 2018 - 2030
- 4.6.3 Argentina
- 4.6.3.1 Argentina market, 2018 - 2030
Chapter 5 Company Profiles
- 5.1 Dipl.-Ing. H. Horstmann GmbH
- 5.1.1 Business overview
- 5.1.2 Financial data
- 5.1.3 Product landscape
- 5.1.4 Strategic outlook
- 5.1.5 SWOT analysis
- 5.2 Epoxy House
- 5.2.1 Business overview
- 5.2.2 Product landscape
- 5.2.3 SWOT analysis
- 5.3 Georg Jordan
- 5.3.1 Business overview
- 5.3.2 Financial data
- 5.3.3 Product landscape
- 5.3.4 SWOT analysis
- 5.4 Kries-Energietechnik GmbH & Co. KG
- 5.4.1 Business overview
- 5.4.2 Product landscape
- 5.4.3 Strategic outlook
- 5.4.4 SWOT analysis
- 5.5 ELECTRONSYSTEM MD srl
- 5.5.1 Business overview
- 5.5.2 Product landscape
- 5.5.3 SWOT analysis
- 5.6 K.K. Sales Corporation
- 5.6.1 Business overview
- 5.6.2 Financial data
- 5.6.3 Product landscape
- 5.6.4 SWOT analysis
- 5.7 C&S Electric Limited
- 5.7.1 Business overview
- 5.7.2 Financial data
- 5.7.3 Product landscape
- 5.7.4 SWOT analysis
- 5.8 Orion EE
- 5.8.1 Business overview
- 5.8.2 Product landscape
- 5.8.3 SWOT analysis
- 5.9 KPB INTRA s.r.o
- 5.9.1 Business overview
- 5.9.2 Product landscape
- 5.9.3 SWOT analysis
Data Tables
- TABLE 1 Global market, 2018 - 2021 (Volume & Revenue)
- TABLE 2 Global market, 2022 - 2026 (Volume & Revenue)
- TABLE 3 Global market, 2027 - 2030 (Volume & Revenue)
- TABLE 4 Global market by region, 2018 - 2021 (‘000 Units)
- TABLE 5 Global market by region, 2022 - 2026 (‘000 Units)
- TABLE 6 Global market by region, 2027 - 2030 (‘000 Units)
- TABLE 7 Global market by region, 2018 - 2021 (USD Million)
- TABLE 8 Global market by region, 2022 - 2026 (USD Million)
- TABLE 9 Global market by region, 2027 - 2030 (USD Million)
- TABLE 10 Industry impact forces
- TABLE 11 North America market, 2018 - 2021 (Volume & Revenue)
- TABLE 12 North America market, 2022 - 2026 (Volume & Revenue)
- TABLE 13 North America market, 2027 - 2030 (Volume & Revenue)
- TABLE 14 U.S. market, 2018 - 2021 (Volume & Revenue)
- TABLE 15 U.S. market, 2022 - 2026 (Volume & Revenue)
- TABLE 16 U.S. market, 2027 - 2030 (Volume & Revenue)
- TABLE 17 Canada market, 2018 - 2021 (Volume & Revenue)
- TABLE 18 Canada market, 2022 - 2026 (Volume & Revenue)
- TABLE 19 Canada market, 2027 - 2030 (Volume & Revenue)
- TABLE 20 Mexico market, 2018 - 2021 (Volume & Revenue)
- TABLE 21 Mexico market, 2022 - 2026 (Volume & Revenue)
- TABLE 22 Mexico market, 2027 - 2030 (Volume & Revenue)
- TABLE 23 Europe market, 2018 - 2021 (Volume & Revenue)
- TABLE 24 Europe market, 2022 - 2026 (Volume & Revenue)
- TABLE 25 Europe market, 2027 - 2030 (Volume & Revenue)
- TABLE 26 UK market, 2018 - 2021 (Volume & Revenue)
- TABLE 27 UK market, 2022 - 2026 (Volume & Revenue)
- TABLE 28 UK market, 2027 - 2030 (Volume & Revenue)
- TABLE 29 Germany market, 2018 - 2021 (Volume & Revenue)
- TABLE 30 Germany market, 2022 - 2026 (Volume & Revenue)
- TABLE 31 Germany market, 2027 - 2030 (Volume & Revenue)
- TABLE 32 France market, 2018 - 2021 (Volume & Revenue)
- TABLE 33 France market, 2022 - 2026 (Volume & Revenue)
- TABLE 34 France market, 2027 - 2030 (Volume & Revenue)
- TABLE 35 Russia market, 2018 - 2021 (Volume & Revenue)
- TABLE 36 Russia market, 2022 - 2026 (Volume & Revenue)
- TABLE 37 Russia market, 2027 - 2030 (Volume & Revenue)
- TABLE 38 Italy market, 2018 - 2021 (Volume & Revenue)
- TABLE 39 Italy market, 2022 - 2026 (Volume & Revenue)
- TABLE 40 Italy market, 2027 - 2030 (Volume & Revenue)
- TABLE 41 Spain market, 2018 - 2021 (Volume & Revenue)
- TABLE 42 Spain market, 2022 - 2026 (Volume & Revenue)
- TABLE 43 Spain market, 2027 - 2030 (Volume & Revenue)
- TABLE 44 Asia Pacific market, 2018 - 2021 (Volume & Revenue)
- TABLE 45 Asia Pacific market, 2022 - 2026 (Volume & Revenue)
- TABLE 46 Asia Pacific market, 2027 - 2030 (Volume & Revenue)
- TABLE 47 China market, 2018 - 2021 (Volume & Revenue)
- TABLE 48 China market, 2022 - 2026 (Volume & Revenue)
- TABLE 49 China market, 2027 - 2030 (Volume & Revenue)
- TABLE 50 Australia market, 2018 - 2021 (Volume & Revenue)
- TABLE 51 Australia market, 2022 - 2026 (Volume & Revenue)
- TABLE 52 Australia market, 2027 - 2030 (Volume & Revenue)
- TABLE 53 India market, 2018 - 2021 (Volume & Revenue)
- TABLE 54 India market, 2022 - 2026 (Volume & Revenue)
- TABLE 55 India market, 2027 - 2030 (Volume & Revenue)
- TABLE 56 Japan market, 2018 - 2021 (Volume & Revenue)
- TABLE 57 Japan market, 2022 - 2026 (Volume & Revenue)
- TABLE 58 Japan market, 2027 - 2030 (Volume & Revenue)
- TABLE 59 South Korea market, 2018 - 2021 (Volume & Revenue)
- TABLE 60 South Korea market, 2022 - 2026 (Volume & Revenue)
- TABLE 61 South Korea market, 2027 - 2030 (Volume & Revenue)
- TABLE 62 Middle East & Africa market, 2018 - 2021 (Volume & Revenue)
- TABLE 63 Middle East & Africa market, 2022 - 2026 (Volume & Revenue)
- TABLE 64 Middle East & Africa market, 2027 - 2030 (Volume & Revenue)
- TABLE 65 Saudi Arabia market, 2018 - 2021 (Volume & Revenue)
- TABLE 66 Saudi Arabia market, 2022 - 2026 (Volume & Revenue)
- TABLE 67 Saudi Arabia market, 2027 - 2030 (Volume & Revenue)
- TABLE 68 UAE market, 2018 - 2021 (Volume & Revenue)
- TABLE 69 UAE market, 2022 - 2026 (Volume & Revenue)
- TABLE 70 UAE market, 2027 - 2030 (Volume & Revenue)
- TABLE 71 South Africa market, 2018 - 2021 (Volume & Revenue)
- TABLE 72 South Africa market, 2022 - 2026 (Volume & Revenue)
- TABLE 73 South Africa market, 2027 - 2030 (Volume & Revenue)
- TABLE 74 Latin America market, 2018 - 2021 (Volume & Revenue)
- TABLE 75 Latin America market, 2022 - 2026 (Volume & Revenue)
- TABLE 76 Latin America market, 2027 - 2030 (Volume & Revenue)
- TABLE 77 Brazil market, 2018 - 2021 (Volume & Revenue)
- TABLE 78 Brazil market, 2022 - 2026 (Volume & Revenue)
- TABLE 79 Brazil market, 2027 - 2030 (Volume & Revenue)
- TABLE 80 Argentina market, 2018 - 2021 (Volume & Revenue)
- TABLE 81 Argentina market, 2022 - 2026 (Volume & Revenue)
- TABLE 82 Argentina market, 2027 - 2030 (Volume & Revenue)
Charts & Figures
- FIG. 1 Voltage detection system industry 360 degree synopsis, 2018 - 2030
- FIG. 2 Industry ecosystem analysis
- FIG. 3 Top-10 countries impacted by COVID- 19
- FIG. 4 COVID- 19 impact on the industry, 2018 - 2030 (USD Million)
- FIG. 5 Electricity consumption in tWh, 2019-2021
- FIG. 6 Growth potential analysis
- FIG. 7 Porter's Analysis
- FIG. 8 PESTEL Analysis
- FIG. 9 Voltage detection system market share by region, 2021 & 2030
- FIG. 10 SWOT Analysis, Dipl.-Ing. H. Horstmann GmbH
- FIG. 11 SWOT Analysis, Epoxy House
- FIG. 12 SWOT Analysis, Georg Jordan
- FIG. 13 SWOT Analysis, Kries-Energietechnik GmbH & Co. KG
- FIG. 14 SWOT Analysis, ELECTRONSYSTEM MD SRL
- FIG. 15 SWOT Analysis, K. K. Sales Corporation
- FIG. 16 SWOT Analysis, C&S Electric Limited
- FIG. 17 SWOT Analysis, Orion EE
- FIG. 18 SWOT Analysis, KPB INTRA s.r.o
