Reportlinker Adds US Electric Transmission & Distribution Equipment Market

http://www.reportlinker.com/p0127772/Reportlinker-Adds-US-Electric-Transmission--Distribution-Equipment-Market.html

US demand to reach $24 billion in 2013

US demand for electric transmission and distribution equipment is expected to grow 2.5 percent annually to $24 billion in 2013. Growth will be supported by continued growth in electricity demand and the rising use of renewable energy sources, many of which will require significant investment in the electric grid to enable these remote generators to deliver power to consumers. In addition, investments to modernize and upgrade the US electric grid -- including technologically advanced systems that are part of the so-called "smart grid" -- will support demand for many types of electric transmission and distribution equipment. The maturation of deregulation efforts and regulatory changes designed to ensure returns on investment in the electric grid will also support demand from electric utilities. Moderating prices for many types of electric transmission and distribution equipment, following sharp raw material price increases starting around 2005, will prevent even more rapid growth. In addition, slower growth in nonresidential construction and capital spending will limit gains.

Electric utilities, industrial sectors to remain dominant

By their very nature, the largest and most traditional markets for electric transmission and distribution equipment are the electric utilities and industrial sectors. In 2008, electric utilities accounted for nearly half of total demand, with the industrial sector -- including nonutility generators -- accounting for an additional third. Growth in these markets will be supported by increasing electricity generation by independent power producers and cogenerators, combined with continued, albeit slowing, capital spending by utilities and regulatory changes designed to ensure returns on investment in the electric grid. The ongoing deregulation of the electric power industry will continue to shift demand from utilities to industrial firms and nonutility generators The smaller government and institutional market will register the fastest increases through 2013, with gains supported by growth in transportation construction spending and government fixed investment. Both the commercial and residential markets will see below average increases, with particularly weak prospects in the commercial market due to modest gains in commercial construction. Still, the continuing penetration of consumer electronics and electric transmission and distribution product innovations will provide opportunities in these applications. The best opportunities will be in meters and power switching equipment. Demand for meters will grow 4.8 percent annually, benefitting from the growing demand for more advanced and expensive "smart meters" that provide customers with pricing signals and thereby help limit demand. These smart meters form an important part of the developing smart grid. Demand for power switching equipment will rise five percent annually through 2013, supported by the trend toward automated and remote controlled equipment among electric utilities and by strong growth in substation construction to serve remote wind farms and other renewable energy sources. US shipments of electric transmission and distribution equipment are expected to advance 1.5 percent annually, trailing demand. Foreign trade plays an important role in the industry, with the US running a sizeable trade deficit.

Study coverage

Electric Transmission & Distribution Equipment, a new industry study, presents historical demand data (1998, 2003 and 2008) plus forecasts for 2013 and 2018 by product and market. The study also considers market environment factors, assesses company market share and profiles 35 competitors in the US industry.

TABLE OF CONTENTS

INTRODUCTION ix

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4

Economic Environment 6

Fixed Investment 11

Construction Outlook 13

Electricity Generation 18

Electric Generating Capacity 21

Electricity Consumption 24

Electric Power Equipment 26

Historical Market Trends 29

Pricing Trends 33

International Environment 37

World Market 40

US Foreign Trade 42

Imports 45

Exports 47

III. REGULATIONS & TECHNOLOGY 50

General 50

Regulations & Standards 51

Electric Utility Deregulation 51

Wholesale Deregulation 52

Retail Deregulation 55

Growth of Distributed Generation 58

Net Metering 59

Renewable Energy Portfolio Standards 61

Impact on Electric Transmission & Distribution

Equipment Markets 64

Environmental 67

Other 70

Technology 73

Smart Grid 74

Arc-Fault Circuit Interrupters 77

Amorphous Core Transformers 79

New Transformer Core Shapes 81

Variable Frequency Transformers 82

Sulfur Hexafluoride Emissions Reductions 82

High Temperature Superconducting Equipment 84

Other 85

IV. PRODUCTS 87

General 87

Switchgear & Switchboard Apparatus 91

Low Voltage Switchgear 96

Metal-Clad & Metal-Enclosed Switchgear 99

Molded Case Circuit Breakers 102

Construction MCCBs 106

Transportation, Electronic & Other MCCBs 109

Power Circuit Breakers 109

Power Switching Equipment 114

Fuses & Fuse Equipment 116

Duct 120

Switchgear Relays 122

Other 125

Control Panels 127

High Voltage Fuses & Links 127

All Other Types 128

Transformers 128

Power 134

500 kVA to 10 MVA 139

10 MVA to 30 MVA 140

30 MVA to 100 MVA 140

Over 100 MVA 141

Secondary & Other 142

Distribution 142

Single-Phase 148

Three-Phase & Other 149

Specialty 150

High Intensity Discharge Ballasts 152

Instrument Transformers 154

Other Specialty Transformers 155

Nonutility 156

Other Transformers & Parts 158

Pole & Transmission Line Hardware 160

Electric Meters 164

V. MARKETS 169

General 169

Electric Utilities 172

Electric Utility Outlook 172

Electric Transmission & Distribution Equipment Outlook 176

Industrial & Nonutility Generators 180

Manufacturing & Nonutility Generation Outlook 181

Electric Transmission & Distribution Equipment Outlook 186

Commercial Sector 190

Commercial Construction & Space 191

Electric Transmission & Distribution Equipment Outlook 193

Residential Sector 197

Residential Sector Trends 198

Electric Transmission & Distribution Equipment Outlook 201

Government & Institutions 205

Government Consumption & Investment 206

Electric Transmission & Distribution Equipment Outlook 208

VI. INDUSTRY STRUCTURE 211

General 211

Industry Composition 212

Market Share 215

Product Development 219

Manufacturing 223

Marketing 226

Mergers & Acquisitions 228

Cooperative Agreements 232

Company Profiles 235

AB Chance, see Hubbell Incorporated

ABB Limited 236

Acme Electric Corporation, see Actuant Corporation

Actuant Corporation 240

Advance Transformer, see Royal Philips Electronics

American Superconductor Corporation 243

AREVA Group 245

AZZ Incorporated 248

Basler Electric Company 250

Calvert Company, see AZZ Incorporated

Carbone Lorraine 252

Carling Technologies Incorporated 254

Central Electric Company, see AZZ Incorporated

Central Moloney Incorporated 256

CGIT Westboro Incorporated, see AZZ Incorporated

Cooper Industries Limited 257

Eaton Corporation 262

Electro-Mechanical Corporation 265

Elster Group SA 266

Federal Pacific Company, see Electro-Mechanical

G&W Electric Company 268

General Electric Company 269

Hammond Power Solutions Incorporated 275

High Voltage Supply Incorporated, see SPX Incorporated

Hitachi Limited 277

Howard Industries Incorporated 279

Hubbell Incorporated 281

HVB AE Power Systems Incorporated, see Hitachi Limited

Itron Incorporated 285

Joslyn Hi-Voltage Corporation, see Thomas & Betts

Kohler Company 286

Kuhlman Electric Corporation, see ABB Limited

Landis+Gyr AG 288

LAPP Insulators Company LLC 289

Line Power Manufacturing, see Electro-Mechanical

Littelfuse Incorporated 291

Mitsubishi Electric Corporation 293

Ohio Brass Company, see Hubbell Incorporated

OSRAM GmbH, see Siemens AG

Panasonic Corporation 295

Powell Industries Incorporated 296

Power Systems Development, see SPX Incorporated

Royal Philips Electronics NV 298

S&C Electric Company 300

Schneider Electric SA 302

Sensus Metering Systems Incorporated 305

Shock Block Corporation, see Littelfuse Incorporated

Siemens AG 307

SPX Corporation 310

Thomas & Betts Corporation 313

Tyco Electronics Limited 317

Universal Lighting Technologies, see Panasonic

Waukesha Electric Systems, see SPX Corporation

Additional Companies 319

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic Indicators 10

2 Nonresidential Fixed Investment Expenditures 13

3 Construction Expenditures 17

4 Electricity Generation by Generator & Fuel Type 21

5 Electric Generating Capacity 24

6 Electricity Demand by End User 26

7 Electric Power Equipment Demand 29

8 Electric Transmission & Distribution Equipment

Market, 1998-2008 32

9 Electric Transmission & Distribution Equipment

Pricing Deflators 36

10 World Electric Transmission & Distribution Equipment

Demand 42

11 International Trade in Electric Transmission &

Distribution Equipment 45

SECTION III -- REGULATIONS & TECHNOLOGY

1 Overview of State Renewable Energy Portfolio Standards 63

SECTION IV -- PRODUCTS

1 Electric Transmission & Distribution Equipment

Supply & Demand 90

2 Switchgear & Switchboard Apparatus Supply & Demand 95

3 Low Voltage Switchgear Supply & Demand 99

4 Metal-Clad & Metal-Enclosed Switchgear Supply & Demand 101

5 Molded Case Circuit Breaker Supply & Demand 106

6 Construction-Related Molded Case Circuit Breaker Demand 108

7 Power Circuit Breaker Supply & Demand 114

8 Power Switching Equipment Supply & Demand 116

9 Fuse & Fuse Equipment Supply & Demand 120

10 Duct Supply & Demand 122

11 Switchgear Relay Supply & Demand 125

12 Other Switchgear Supply & Demand 126

13 Transformer Supply & Demand 133

14 Power Transformer Supply & Demand 139

15 Distribution Transformer Supply & Demand 148

16 Specialty Transformer Supply & Demand 152

17 Nonutility Transformer Supply & Demand 158

18 Other Transformer & Part Supply & Demand 160

19 Pole & Transmission Line Hardware Supply & Demand 164

20 Electric Meter Supply & Demand 168

SECTION V -- MARKETS

1 Electric Transmission & Distribution Equipment Demand

by Market 171

2 Electric Utility Indicators 175

3 Electric Utility Market for Electric Transmission &

Distribution Equipment 179

4 Industrial & Nonutility Generator Sector Indicators 185

5 Industrial & Nonutility Generator Market for Electric

Transmission & Distribution Equipment 189

6 Commercial Indicators 193

7 Commercial Market for Electric Transmission &

Distribution Equipment 196

8 Residential Indicators 201

9 Residential Market for Electric Transmission &

Distribution Equipment 204

10 Government Expenditures & Investment 208

11 Government/Institutional Market for Electric

Transmission & Distribution Equipment 210

SECTION VI -- INDUSTRY STRUCTURE

1 Electric Transmission & Distribution Equipment Sales

by Company, 2008 214

2 Capital Spending Patterns: Selected Electric Transmission

& Distribution Equipment Manufacturers 225

3 Selected Acquisitions & Divestitures 230

4 Selected Cooperative Agreements 233

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Electric Transmission & Distribution Equipment

Market, 1999-2008 33

2 Electric Transmission & Distribution Equipment

Pricing Patterns 37

3 US Electric Transmission & Distribution Equipment

Imports by Source, 2008 47

4 US Electric Transmission & Distribution Equipment

Exports by Destination, 2008 49

SECTION III -- REGULATIONS & TECHNOLOGY

1 Status of Retail Electric Utility Deregulation, 2008 57

2 Net Metering Customers, 2002-2007 61

SECTION IV -- PRODUCTS

1 Electric Transmission & Distribution Equipment Demand

by Type 91

2 Switchgear & Switchboard Apparatus Demand by Type, 2008 96

3 Transformer Demand by Type, 2008 134

SECTION V -- MARKETS

1 Electric Transmission & Distribution Equipment

Demand by Market 171

2 Electric Utility Market for Electric Transmission &

Distribution Equipment by Type 180

3 Industrial & Nonutility Generation Market for Electric

Transmission & Distribution Equipment by Type 190

4 Commercial Market for Electric Transmission &

Distribution Equipment by Type 197

5 Residential Market for Electric Transmission &

Distribution Equipment by Type 205

6 Government/Institutional Market for Electric

Transmission & Distribution Equipment by Type 210

SECTION VI -- INDUSTRY STRUCTURE

1 Electric Transmission & Distribution Equipment

Market Share by Company, 2008 216

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Reportlinker Adds US Electric Transmission & Distribution Equipment Market

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