The power system deals primarily with a voltage above 36KV, is been referred to as high voltage switchgear. As the voltage level gets high the arcing produced during the switching operation is also very high. So, the special care is to be taken during the designing of high voltage switchgear. High voltage circuit breaker, is basically the main component of HV switchgear, hence the high voltage circuit breaker (CB) should have special features for reliable and safe operation. Demand for the high-voltage switchgear depends on expansion of the electricity transmission and distribution network. Hence, the increase in government initiatives for the modernization of an existing transmission and distribution network is expected to propel the demand for high-voltage switchgear during the forecast periodAccording to AMA, the market for High Voltage Switchgear is expected to register a CAGR of 5.48% during the forecast period to 2024. This growth is primarily driven by Expansion of the electricity transmission and distribution network.
Globally, a noticeable market trend is evident Up-gradation of existing fossil fuel power stations. The Heavy Electrical Equipment sector in the North America region has been increasing at a strong rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as ABB Group (Switzerland), Schneider Electric SE (France), General Electric (United States), Powell Industries Inc. (United States), VINCI Energies (France), Toshiba International Corporation (United States), Mitsubishi Electric (Japan), Siemens AG (Germany), Hyosung Power & Industrial System PG (South Korea), Larson & Turbo Limited (India) and Bharat Heavy Electricals Limited (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
VINCI Energies, through its subsidiary, Oxymon Energy Transition, won a contract from Société d'Electricité du Sénégal (SENELEC). The contract includes installation of ultra-high voltage transformer station, about 200 kms of overhead and underground EHV transmission lines and more than 100 distribution substations in Senegal. The total cost of the project is EURO 197 million and the duration of the project is about 36 months
- Expansion of the electricity transmission and distribution network
- Up-gradation of existing fossil fuel power stations
- Reproduction of fake switchgears
Increase in government initiatives for the modernization of existing transmission and distribution network
Increasing cost of raw materials
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