Electric Transmission & Distribution Equipment

US industry forecasts for 2013 & 2018

Publication Date	May 2009
Publisher	Freedonia Group
Product Type	Report
Pages	323
ISBN Number	not applicable
Product Code	FED00480

Buy this product or for assistance call +44 20 7060 7474

PDF £2,765.00$4599 | €3095

FAX Order above formats by FAX

Summary

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.

Content

INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- Economic Environment
- Fixed Investment
- Construction Outlook
- Electricity Generation
- Electric Generating Capacity
- Electricity Consumption
- Electric Power Equipment
- Historical Market Trends
- Pricing Trends
- International Environment
- World Market
- US Foreign Trade
- Imports
- Exports
III. REGULATIONS & TECHNOLOGY
- General
- Regulations & Standards
- Electric Utility Deregulation
- Wholesale Deregulation
- Retail Deregulation
- Growth of Distributed Generation
- Net Metering
- Renewable Energy Portfolio Standards
- Impact on Electric Transmission & Distribution
- Equipment Markets
- Environmental
- Other
- Technology
- Smart Grid
- Arc-Fault Circuit Interrupters
- Amorphous Core Transformers
- New Transformer Core Shapes
- Variable Frequency Transformers
- Sulfur Hexafluoride Emissions Reductions
- High Temperature Superconducting Equipment
- Other
IV. PRODUCTS
- General
- Switchgear & Switchboard Apparatus
- Low Voltage Switchgear
- Metal-Clad & Metal-Enclosed Switchgear
- Molded Case Circuit Breakers
- Construction MCCBs
- Transportation, Electronic & Other MCCBs
- Power Circuit Breakers
- Power Switching Equipment
- Fuses & Fuse Equipment
- Duct
- Switchgear Relays
- Other
- Control Panels
- High Voltage Fuses & Links
- All Other Types
- Transformers
- Power
- 500 kVA to 10 MVA
- 10 MVA to 30 MVA
- 30 MVA to 100 MVA
- Over 100 MVA
- Secondary & Other
- Distribution
- Single-Phase
- Three-Phase & Other
- Specialty
- High Intensity Discharge Ballasts
- Instrument Transformers
- Other Specialty Transformers
- Nonutility
- Other Transformers & Parts
- Pole & Transmission Line Hardware
- Electric Meters
V. MARKETS
- General
- Electric Utilities
- Electric Utility Outlook
- Electric Transmission & Distribution Equipment Outlook
- Industrial & Nonutility Generators
- Manufacturing & Nonutility Generation Outlook
- Electric Transmission & Distribution Equipment Outlook
- Commercial Sector
- Commercial Construction & Space
- Electric Transmission & Distribution Equipment Outlook
- Residential Sector
- Residential Sector Trends
- Electric Transmission & Distribution Equipment Outlook
- Government & Institutions
- Government Consumption & Investment
- Electric Transmission & Distribution Equipment Outlook
VI. INDUSTRY STRUCTURE
- General
- Industry Composition
- Market Share
- Product Development
- Manufacturing
- Marketing
- Mergers & Acquisitions
- Cooperative Agreements
COMPANY PROFILES
- AB Chance, see Hubbell Incorporated
- ABB Limited
- Acme Electric Corporation, see Actuant Corporation
- Actuant Corporation
- Advance Transformer, see Royal Philips Electronics
- American Superconductor Corporation
- AREVA Group
- AZZ Incorporated
- Basler Electric Company
- Calvert Company, see AZZ Incorporated
- Carbone Lorraine
- Carling Technologies Incorporated
- Central Electric Company, see AZZ Incorporated
- Central Moloney Incorporated
- CGIT Westboro Incorporated, see AZZ Incorporated
- Cooper Industries Limited
- Eaton Corporation
- Electro-Mechanical Corporation
- Elster Group SA
- Federal Pacific Company, see Electro-Mechanical
- G&W Electric Company
- General Electric Company
- Hammond Power Solutions Incorporated
- High Voltage Supply Incorporated, see SPX Incorporated
- Hitachi Limited
- Howard Industries Incorporated
- Hubbell Incorporated
- HVB AE Power Systems Incorporated, see Hitachi Limited
- Itron Incorporated
- Joslyn Hi-Voltage Corporation, see Thomas & Betts
- Kohler Company
- Kuhlman Electric Corporation, see ABB Limited
- Landis+Gyr AG
- LAPP Insulators Company LLC
- Line Power Manufacturing, see Electro-Mechanical
- Littelfuse Incorporated
- Mitsubishi Electric Corporation
- Ohio Brass Company, see Hubbell Incorporated
- OSRAM GmbH, see Siemens AG
- Panasonic Corporation
- Powell Industries Incorporated
- Power Systems Development, see SPX Incorporated
- Royal Philips Electronics NV
- S&C Electric Company
- Schneider Electric SA
- Sensus Metering Systems Incorporated
- Shock Block Corporation, see Littelfuse Incorporated
- Siemens AG
- SPX Corporation
- Thomas & Betts Corporation
- Tyco Electronics Limited
- Universal Lighting Technologies, see Panasonic
- Waukesha Electric Systems, see SPX Corporation
- Additional Companies
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
- Summary Table
SECTION II -- MARKET ENVIRONMENT
- 1 Macroeconomic Indicators
- 2 Nonresidential Fixed Investment Expenditures
- 3 Construction Expenditures
- 4 Electricity Generation by Generator & Fuel Type
- 5 Electric Generating Capacity
- 6 Electricity Demand by End User
- 7 Electric Power Equipment Demand
- 8 Electric Transmission & Distribution Equipment Market, 1998-2008
- 9 Electric Transmission & Distribution Equipment Pricing Deflators
- 10 World Electric Transmission & Distribution Equipment Demand
- 11 International Trade in Electric Transmission & Distribution Equipment
SECTION III -- REGULATIONS & TECHNOLOGY
- 1 Overview of State Renewable Energy Portfolio Standards
SECTION IV -- PRODUCTS
- 1 Electric Transmission & Distribution Equipment Supply & Demand
- 2 Switchgear & Switchboard Apparatus Supply & Demand
- 3 Low Voltage Switchgear Supply & Demand
- 4 Metal-Clad & Metal-Enclosed Switchgear Supply & Demand
- 5 Molded Case Circuit Breaker Supply & Demand
- 6 Construction-Related Molded Case Circuit Breaker Demand
- 7 Power Circuit Breaker Supply & Demand
- 8 Power Switching Equipment Supply & Demand
- 9 Fuse & Fuse Equipment Supply & Demand
- 10 Duct Supply & Demand
- 11 Switchgear Relay Supply & Demand
- 12 Other Switchgear Supply & Demand
- 13 Transformer Supply & Demand
- 14 Power Transformer Supply & Demand
- 15 Distribution Transformer Supply & Demand
- 16 Specialty Transformer Supply & Demand
- 17 Nonutility Transformer Supply & Demand
- 18 Other Transformer & Part Supply & Demand
- 19 Pole & Transmission Line Hardware Supply & Demand
- 20 Electric Meter Supply & Demand
SECTION V -- MARKETS
- 1 Electric Transmission & Distribution Equipment Demand by Market
- 2 Electric Utility Indicators
- 3 Electric Utility Market for Electric Transmission & Distribution Equipment
- 4 Industrial & Nonutility Generator Sector Indicators
- 5 Industrial & Nonutility Generator Market for Electric Transmission & Distribution Equipment
- 6 Commercial Indicators
- 7 Commercial Market for Electric Transmission & Distribution Equipment
- 8 Residential Indicators
- 9 Residential Market for Electric Transmission & Distribution Equipment
- 10 Government Expenditures & Investment
- 11 Government/Institutional Market for Electric Transmission & Distribution Equipment
SECTION VI -- INDUSTRY STRUCTURE
- 1 Electric Transmission & Distribution Equipment Sales by Company, 2008
- 2 Capital Spending Patterns: Selected Electric Transmission & Distribution Equipment Manufacturers
- 3 Selected Acquisitions & Divestitures
- 4 Selected Cooperative Agreements
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
- 1 Electric Transmission & Distribution Equipment Market, 1999-2008
- 2 Electric Transmission & Distribution Equipment Pricing Patterns
- 3 US Electric Transmission & Distribution Equipment Imports by Source, 2008
- 4 US Electric Transmission & Distribution Equipment Exports by Destination, 2008
SECTION III -- REGULATIONS & TECHNOLOGY
- 1 Status of Retail Electric Utility Deregulation, 2008
- 2 Net Metering Customers, 2002-2007
SECTION IV -- PRODUCTS
- 1 Electric Transmission & Distribution Equipment Demand by Type
- 2 Switchgear & Switchboard Apparatus Demand by Type, 2008
- 3 Transformer Demand by Type, 2008
SECTION V -- MARKETS
- 1 Electric Transmission & Distribution Equipment Demand by Market
- 2 Electric Utility Market for Electric Transmission & Distribution Equipment by Type
- 3 Industrial & Nonutility Generation Market for Electric Transmission & Distribution Equipment by Type
- 4 Commercial Market for Electric Transmission & Distribution Equipment by Type
- 5 Residential Market for Electric Transmission & Distribution Equipment by Type
- 6 Government/Institutional Market for Electric Transmission & Distribution Equipment by Type
SECTION VI -- INDUSTRY STRUCTURE
- 1 Electric Transmission & Distribution Equipment Market Share by Company, 2008