About High Voltage System
The high voltage system is expected to increase due to the increasing urbanization, transportation facilities, evolving high voltage vehicle systems. The high voltage system is used widely in the automotive and marine industries, according to the National Electrical Code (NEC) system over 600 volts are referred to as high voltage system. With the long term rate and installed cost savings for the use of higher voltages, some equipments or plants have a power supply system at 21 kV, 34.5 kV, 69 kV, 115 kV, 138 kV, and even 230 kV. The high voltage systems are designed to control the power flow to and from the cells and to maintain the power level within the scope. With the high voltage system, there is a constant need to address safety issues while working due to the increasing number of accidents at the workplace.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the High Voltage System market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for High Voltage System market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Robert Bosch GmbH (Germany, Continental AG (Germany), DENSO Corporation (Japan), HUBER+SUHNER (Switzerland), ZF Group (Germany), Siemens (Germany), Valeo (France), Mitsubishi Motors Corporation (Japan), ABB (Switzerland) and PFISTERER Holding AG (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are LEONI (Germany) and FG Wilson (Ireland).
Segmentation Overview
AMA Research has segmented the market of Global High Voltage System market by , Application (Air-conditioning Compressors, Converters, On-board Chargers, Ships and Others) and Region.
On the basis of geography, the market of High Voltage System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Contactors will boost the High Voltage System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Automotive Industry will boost the High Voltage System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Emerging Use of High Voltage System in Hybrid Electric Vehicles and Electric Vehicles and Continuous Technological Development in High Voltage System
Market Growth Drivers:
Growing Power Generation Industry Across the world Due to Urbanisation and The Need to Power Engines in Ships and Automotives with the Increasing sizes of Machinery and Equipment Used in it
Challenges:
Stiff Competition in the Market might be the Hindrance for Iron Sucrose Injection Market and Complexities with Installation and Maintenance
Restraints:
High Risk of Safety Issues Associated with High Voltage System and Impact of High Voltage System on Environment
Opportunities:
Increasing Industrial Application of High Voltage System and Growing Automotive and Marine Industries
Market Leaders and their expansionary development strategies
In September 2022, has announced a definitive agreement to acquire an 85% equity stake in Intercable Automotive Solutions, a subsidiary of Intercable S.r.l., for USD 595 million, subject to customary post-closing adjustments.
In November 2019, HUBER+SUHNER announced the expansion of its high voltage product portfolio for electric vehicles by launching the RADOX EV-C connectivity solution to provide the automobile industry with superior solutions by marking its footprint in the e-mobility market. The company developed the innovative cable gland to provide hybrid and electric vehicles especially trucks, buses, construction, and special vehicles with a safe and reliable connection that is suitable for the most demanding application.
Key Target Audience
High Voltage System Manufacturers, High Voltage System International Traders, High Voltage System Distributors and Suppliers, Research and Development Institutes, Potential Investors, Upstream and Downstream Buyers, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.