US Electric Transmission & Distribution Equipment Market

US Electric Transmission & Distribution Equipment Market

London (PRWEB) October 01, 2013

US demand to climb 4.8% annually through 2017

US demand for electric transmission and distribution (T&D) equipment is forecast to climb 4.8 percent annually to $ 30.4 billion in 2017, accelerating from the 2007-2012 period, when product sales in every major market for these products slowed. The rising utilization of renewable energy sources in electricity generation will drive market growth, as new installations will require a significant amount of equipment to transmit power along the electric grid. Independent power producers' (IPPs) and nonutility generators' (NUGs) expanding share of electricity generation will also stimulate gains since -- similar to the use of renewable energy sources -- connecting new operations to the grid will require a significant investment in electric T&D equipment. In addition, the continued adoption of "smart" technologies will provide growth opportunities as the electric grid is updated with efficiency and reliability in mind.

Electric utility market to remain dominant

Historically, electric utilities have been the largest customers for electric T&D equipment, and this will continue to be true. Despite below-average growth, the result of a deceleration in electric utility capital expenditures, this market will represent over half of all product demand in 2017. However, the industrial and nonutility generator market will post larger gains in percentage terms, supported by the growing importance of IPPs and NUGs. The greatest sales increases in this sector will be for switchgear products such as power circuit breakers and power switching equipment. Advances will reflect heavy investment by these firms to protect sensitive industrial machinery and connect new facilities to the grid. In 2017, industrial and nonutility generator demand will account for one-third of all electric T&D equipment sales.

Residential market to be fastest growing segment

The residential market is expected to post the greatest gains in percentage terms through 2017 after struggling between 2002 and 2012. Sales advances will be spurred by a marked rebound in residential construction expenditures and regulatory changes requiring increased use of arc-fault circuit interrupters. The commercial market is also projected to record above-average growth as commercial construction activity recovers and use of sensitive electronics like computers and security systems continues to climb.

Government and institutional product demand will rise at the slowest pace of any major market due to ongoing efforts to reduce federal budget deficits.

Electric meters, nonutility transformers to pace gains

Electric meters and nonutility transformers are expected to register the fastest sales increases of any electric T&D equipment product. The ongoing development of the "smart grid" and related demand for "smart meters" (which cost about twice as much as traditional electric meters) will help spur meter value gains. The rising popularity of distributed generation and net metering programs -- which require meters to read electricity inflows and outflows -- as well as the labor cost savings associated with usage of smart meters, will also fortify demand. Other products that will experience sizable sales growth through 2017 include molded case circuit breakers, nonutility transformers, and power circuit breakers, supported by expansion of the industrial and nonutility generator market.

Study coverage

Details of these and other findings are presented in Electric Transmission & Distribution Equipment, an upcoming Freedonia industry study priced at $ 5100. It offers historical demand data for 2002, 2007 and 2012, plus forecasts for 2017 and 2022 by product and market. The study also assesses market environment factors, evaluates company market share, and profiles 35 US industry competitors.

TABLE OF CONTENTS

INTRODUCTION x

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4

Economic Environment 6

Fixed Investment 9

Construction Outlook 12

Electricity Generation 16

Generator 18

Fuel Type 19

Electric Generating Capacity 21

Electric Power Transmission & Distribution System 24

Electricity Consumption 26

Electric Power Equipment 28

Historical Market Trends 30

Pricing Trends 33

International Environment 37

World Market 38

US Foreign Trade 41

Imports 44

Exports 47

III. REGULATIONS & TECHNOLOGY 50

General 50

Regulations & Standards 51

Electric Utility Deregulation 51

Wholesale Deregulation 51

Retail Deregulation 54

Growth of Distributed Generation 58

Net Metering 58

Renewable Energy Portfolio Standards 61

Impact on Electric Power Transmission & Distribution

Equipment Markets 65

Environmental 66

Other 70

Technology 72

Smart Grid 73

Arc-Fault Circuit Interrupters 75

Amorphous Core Transformers 76

New Transformer Core Shapes 77

Variable Frequency Transformers 78

Sulfur Hexafluoride Emissions Reductions 79

High Temperature Superconducting Equipment 79

Other 81

IV. PRODUCTS 83

General 83

Switchgear & Switchboard Apparatus 86

Low Voltage Switchgear 90

Metal-Clad & Metal-Enclosed Switchgear 93

Molded Case Circuit Breakers 95

Construction MCCBs 98

Transportation, Electronic, & Other MCCBs 100

Power Circuit Breakers 101

Power Switching Equipment 104

Fuses & Fuse Equipment 106

Duct 110

Switchgear Relays 112

Other 115

Control Panels 117

High Voltage Fuses & Links 117

All Other Types 118

Transformers 118

Power 123

Distribution 130

Single-Phase 135

Three-Phase & Other 136

Specialty 137

High Intensity Discharge Ballasts 139

Instrument Transformers 141

Other Specialty Transformers 142

Nonutility 142

Other Transformers & Parts 145

Pole & Transmission Line Hardware 147

Electric Meters 149

Demand by Technology 152

Demand by Type 154

V. MARKETS 156

General 156

Electric Utilities 159

Electric Utility Outlook 159

Electric Power Transmission & Distribution Equipment 162

Industrial & Nonutility Generators 166

Manufacturing & Nonutility Generation Outlook 166

Electric Power Transmission & Distribution Equipment 171

Commercial Sector 175

Commercial Sector Outlook 176

Electric Power Transmission & Distribution Equipment 178

Residential Sector 181

Residential Sector Outlook 182

Electric Power Transmission & Distribution Equipment 185

Government & Institutions 188

Government & Institutions Outlook 189

Electric Power Transmission & Distribution Equipment 191

VI. INDUSTRY STRUCTURE 194

General 194

Market Share 197

Product Development 201

Manufacturing 205

Marketing & Distribution 208

Cooperative Agreements 210

Mergers & Acquisitions 214

Company Profiles 217

AB Chance, see Hubbell

ABB Limited 218

Acme Electric, see Actuant

Actown-Electrocoil, see Actuant

Actuant Corporation 224

Advance Transformer, see Royal Philips Electronics

Alstom SA 226

American Superconductor Corporation 228

AZZ Incorporated 230

Basler Electric Company 233

Blenkhorn & Sawle, see AZZ

Calvert, see AZZ

Carling Technologies Incorporated 235

Central Electric, see AZZ

Central Moloney Incorporated 236

CG Power Systems USA, see Crompton Greaves

CGIT Systems, see AZZ

Cooper Industries, see Eaton

Crompton Greaves Limited 238

Crompton Instruments, see TE Connectivity

Del City, see Actuant

Eaton Corporation plc 240

Eco Solutions, see Panasonic

EGS Electrical Group, see SPX

Electro-Mechanical Corporation 249

Elster Solutions, see Melrose Industries

Fargo Manufacturing, see Hubbell

Federal Pacific, see Electro-Mechanical

GE Industrial Solutions, see General Electric

General Electric Company 252

G&W Electric Company 258

Hammond Power Solutions Incorporated 260

Hitachi Limited 262

Howard Industries Incorporated 265

Hubbell Incorporated 267

Itron Incorporated 271

Kohler Company 274

Landis+Gyr, see Toshiba

LAPP Insulators Holding GmbH 275

Line Power Manufacturing, see Electro-Mechanical

Littelfuse Incorporated 277

Marinco Electrical Group, see Actuant

Melrose Industries plc 279

Mersen SA 281

Metglas, see Hitachi

Mitsubishi Electric Corporation 283

Nuclear Logistics, see AZZ

Ohio Brass, see Hubbell

OSRAM, see Siemens

Panasonic Corporation 285

Pedersen (EA), see Eaton

Philips Lighting, see Royal Philips Electronics

Powell Industries Incorporated 287

Prolec GE Internacional, see General Electric

Royal Philips Electronics NV 289

S&C Electric Company 291

Schneider Electric SA 294

Sensus USA Incorporated 298

Siemens AG 299

SPX Corporation 303

TE Connectivity Limited 307

Thomas & Betts, see ABB

Toshiba Corporation 309

Universal Lighting Technologies, see Panasonic

Waukesha Electric Systems, see SPX

Other Companies Mentioned in Study 313

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic Indicators 9

2 Nonresidential Fixed Investment Expenditures 12

3 Construction Expenditures 16

4 Electricity Generation by Generator & Fuel Type 17

5 Electric Generating Capacity 23

6 Electricity Demand by End User 27

7 Electric Power Equipment Demand 30

8 Electric Transmission & Distribution Equipment Market,

2002-2012 32

9 Electric Transmission & Distribution Equipment Pricing

Deflators 36

10 World Electric Transmission & Distribution Equipment

Demand 41

11 International Trade in Electric Transmission & Distribution

Equipment 44

12 US Electric Transmission & Distribution Equipment Imports

by Source 46

13 US Electric Transmission & Distribution Equipment Exports

by Destination 48

SECTION III -- REGULATIONS & TECHNOLOGY

1 Overview of State Renewable Energy Portfolio Standards 64

SECTION IV -- PRODUCTS

1 Electric Transmission & Distribution Equipment Supply

& Demand 85

2 Switchgear & Switchboard Apparatus Supply & Demand 89

3 Low Voltage Switchgear Supply & Demand 92

4 Metal-Clad & Metal-Enclosed Switchgear Supply & Demand 95

5 Molded Case Circuit Breaker Supply & Demand 98

6 Construction-Related Molded Case Circuit Breaker Demand 100

7 Power Circuit Breaker Supply & Demand 104

8 Power Switching Equipment Supply & Demand 106

9 Fuse & Fuse Equipment Supply & Demand 110

10 Duct Supply & Demand 112

11 Switchgear Relay Supply & Demand 115

12 Other Switchgear Supply & Demand 116

13 Transformer Supply & Demand 122

14 Power Transformer Supply & Demand 127

15 Distribution Transformer Supply & Demand 135

16 Specialty Transformer Supply & Demand 139

17 Nonutility Transformer Supply & Demand 144

18 Other Transformer & Part Supply & Demand 146

19 Pole & Transmission Line Hardware Supply & Demand 149

20 Electric Meter Supply & Demand 152

SECTION V -- MARKETS

1 Electric Transmission & Distribution Equipment Demand

by Market 158

2 Electric Utility Indicators 162

3 Electric Utility Market for Electric Transmission

& Distribution Equipment 165

4 Industrial & Nonutility Generator Sector Indicators 171

5 Industrial & Nonutility Generator Market for Electric

Transmission & Distribution Equipment 174

6 Commercial Indicators 177

7 Commercial Market for Electric Transmission & Distribution

Equipment 180

8 Residential Indicators 185

9 Residential Market for Electric Transmission & Distribution

Equipment 187

10 Government Expenditures & Investment 190

11 Government & Institutional Market for Electric Transmission

& Distribution Equipment 192

SECTION VI -- INDUSTRY STRUCTURE

1 Electric Transmission & Distribution Equipment Sales

by Company, 2012 196

2 Capital Spending Patterns: Selected Electric Transmission

& Distribution Equipment Manufacturers 207

3 Selected Cooperative Agreements 212

4 Selected Acquisitions & Divestitures 216

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Electric Power Transmission & Distribution System 25

2 Electric Transmission & Distribution Equipment Market,

2002-2012 33

3 Electric Transmission & Distribution Equipment Pricing

Patterns, 2002-2022 36

4 US Electric Transmission & Distribution Equipment Imports

by Source, 2012 47

5 US Electric Transmission & Distribution Equipment Exports

by Destination, 2012 49

SECTION III -- REGULATIONS & TECHNOLOGY

1 Status of Retail Electric Utility Deregulation, 2012 57

2 Net Metering Customers, 2002-2012 61

SECTION IV -- PRODUCTS

1 Electric Transmission & Distribution Equipment Demand

by Type, 2002-2022 86

2 Switchgear & Switchboard Apparatus Demand by Type, 2012 90

3 Transformer Demand by Type, 2012 123

SECTION V -- MARKETS

1 Electric Transmission & Distribution Equipment Demand

by Market, 2002-2022 158

2 Electric Utility Market for Electric Transmission

& Distribution Equipment by Type, 2002-2022 165

3 Industrial & Nonutility Generation Market for Electric

Transmission & Distribution Equipment by Type, 2002-2022 175

4 Commercial Market for Electric Transmission & Distribution

Equipment by Type, 2002-2022 181

5 Residential Market for Electric Transmission & Distribution

Equipment by Type, 2002-2022 188

6 Government & Institutional Market for Electric Transmission

& Distribution Equipment by Type, 2002-2022 193

SECTION VI -- INDUSTRY STRUCTURE

1 Electric Transmission & Distribution Equipment US Market

Share by Company, 2012 198

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US Electric Transmission & Distribution Equipment Market

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