TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION ix
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Economic Environment 5
Fixed Investment 9
Construction Outlook 12
Electricity Generation 16
Electric Generating Capacity 19
Electricity Consumption 22
Historical Trends 24
Pricing Trends 28
International Environment 32
World Market 34
US Foreign Trade 36
Imports 39
Exports 41
III. REGULATIONS & TECHNOLOGY 43
General 43
Regulations & Standards 43
Electric Utility Deregulation 44
Wholesale Deregulation 44
Retail Deregulation 46
Growth of Distributed Generation 49
Net Metering 50
Impact on Electric Transmission & Distribution
Equipment Markets 52
Environmental 54
Other 57
Technology 60
Arc-Fault Circuit Interrupters 61
Amorphous Core Transformers 63
HEXAFORMERS 65
Variable Frequency Transformers 66
Sulfur Hexafluoride Emissions Reductions 66
High Temperature Superconducting Equipment 68
IV. PRODUCTS 70
General 70
Switchgear & Switchboard Apparatus 74
Low Voltage Switchgear 78
Molded Case Circuit Breakers 81
Construction MCCBs 85
Transportation, Electronic & Other MCCBs 88
Metal-Clad & Metal-Enclosed Switchgear 88
Power Circuit Breakers 91
Power Switching Equipment 94
Fuses & Fuse Equipment 96
Duct 99
Switchgear Relays 101
Other 104
Control Panels 105
High Voltage Fuses & Links 106
All Other Types 106
Transformers 106
Power 111
500kVA to 10 MVA 116
10 to 30 MVA 117
30 to 100 MVA 117
Over 100 MVA 118
Secondary & Other 119
Distribution 119
Single Phase 124
Three Phase & Other 125
Specialty 126
High Intensity Discharge Ballasts 129
Instrument Transformers 131
Other Specialty Transformers 131
Nonutility 132
Other Transformers & Parts 134
Pole & Transmission Line Hardware 136
Electric Meters 140
V. MARKETS 144
General 144
Electric Utilities 147
Electric Utility Outlook 147
Electric Transmission & Distribution Equipment Outlook 150
Industrial & Nonutility Generators 154
Manufacturing & Nonutility Generation Outlook 155
Electric Transmission & Distribution Equipment Outlook 158
Residential Sector 162
Residential Sector Trends 163
Electric Transmission & Distribution Equipment Outlook 166
Commercial Sector 170
Commercial Construction & Space 171
Electric Transmission & Distribution Equipment Outlook 173
Government & Institutions 176
Government Consumption & Investment 177
Electric Transmission & Distribution Equipment Outlook 179
VI. INDUSTRY STRUCTURE 182
General 182
Industry Composition 183
Market Share 186
ABB 186
Eaton 187
Siemens 187
General Electric 187
Schneider Electric 188
Cooper Industries 188
Product Development 189
Manufacturing 191
Marketing 194
Mergers & Acquisitions 196
Cooperative Agreements 200
Company Profiles 206
ABB Limited 207
Actuant Corporation 211
Advance Transformer, see Royal Philips Electronics NV
American Superconductor Corporation 213
AMP Incorporated, see Tyco Electronics Limited
AREVA Group 216
AZZ Incorporated 220
Basler Electric Company 222
Carbone Lorraine 224
Carling Technologies Incorporated 227
Central Moloney Incorporated 229
Cooper Industries Limited 230
Cutler-Hammer, see Eaton Corporation
Danaher Corporation 235
Dynapower Corporation 238
Eaton Corporation 239
Electro-Mechanical Corporation 242
Elster Group GmbH 244
Ferraz Shawmut Incorporated, see Carbone Lorraine
G&W Electric Company 245
General Electric Company 247
Hammond Power Solutions Incorporated 253
Hitachi Limited 255
Howard Industries Incorporated 258
Hubbell Incorporated 259
Itron Incorporated 263
Kohler Company 265
Kuhlman Electric Corporation 266
Landis+Gyr AG 268
LAPP Insulator Company LLC 270
Littelfuse Incorporated 272
Metglas Incorporated, see Hitachi Limited
Mitsubishi Electric Corporation 275
Philips, see Royal Philips Electronics NV
Powell Industries Incorporated 277
Raychem Corporation, see Tyco Electronics Limited
Royal Philips Electronics NV 279
S&C Electric Company 280
Schneider Electric SA 283
Sensus Metering Systems Incorporated 286
Siemens AG 288
SPX Corporation 291
Square D Company, see Schneider Electric SA
Thomas & Betts Corporation 294
Tyco Electronics Limited 295
Universal Lighting Technologies Incorporated 297
Waukesha Electric Systems, see SPX Corporation
Additional Companies 298
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Economic Environment 9
2 Fixed Investment 12
3 Construction Expenditures 15
4 Electricity Generation by Generator & Fuel Type 19
5 Electric Generating Capacity 22
6 Electricity Demand by End User 24
7 Electric Transmission & Distribution Equipment
Market, 1996-2006 27
8 Electric Transmission & Distribution Pricing Deflators 31
9 World Electric Transmission & Distribution
Equipment Demand 36
10 International Trade in Electric Transmission &
Distribution Equipment 39
SECTION IV -- PRODUCTS
1 Electric Transmission & Distribution Equipment
Supply & Demand 73
2 Switchgear & Switchboard Apparatus Supply & Demand 77
3 Low Voltage Switchgear Supply & Demand 81
4 Molded Case Circuit Breaker Supply & Demand 85
5 Construction-Related Molded Case Circuit Breaker Shipments 87
6 Metal-Clad & Metal-Enclosed Switchgear Supply & Demand 90
7 Power Circuit Breaker Supply & Demand 94
8 Power Switching Equipment Supply & Demand 95
9 Fuses & Fuse Equipment Supply & Demand 99
10 Duct Supply & Demand 101
11 Switchgear Relay Supply & Demand 103
12 Other Switchgear Supply & Demand 105
13 Transformer Supply & Demand 110
14 Power Transformer Supply & Demand 116
15 Distribution Transformer Supply & Demand 124
16 Specialty Transformer Supply & Demand 128
17 Nonutility Transformer Supply & Demand 134
18 Other Transformer & Part Supply & Demand 136
19 Pole & Transmission Line Hardware Supply & Demand 140
20 Electric Meter Supply & Demand 143
SECTION V -- MARKETS
1 Electric Transmission & Distribution Equipment
Demand by Market 146
2 Electric Utility Indicators 150
3 Electric Utility Market for Electric Transmission &
Distribution Equipment 153
4 Industrial & Nonutility Generator Sector Indicators 158
5 Industrial & Nonutility Generator Market for Electric
Transmission & Distribution Equipment 161
6 Residential Indicators 166
7 Residential Market for Electric Transmission &
Distribution Equipment 169
8 Commercial Indicators 173
9 Commercial Market for Electric Transmission &
Distribution Equipment 175
10 Government Expenditures 179
11 Government/Institutional Market for Electric Transmission
& Distribution Equipment 181
SECTION VI -- INDUSTRY STRUCTURE
1 Electric Transmission & Distribution Equipment Sales
by Company, 2006 185
2 Capital Spending Patterns: Selected Electric Transmission
& Distribution Equipment Manufacturers 194
3 Selected Acquisitions & Divestitures 198
4 Selected Cooperative Agreements 202
LIST OF CHARTS
CHART NUMBER PAGE
SECTION II -- MARKET ENVIRONMENT
1 Electric Transmission & Distribution Equipment
Market, 1997-2006 28
2 Electric Transmission & Distribution Equipment
Pricing Patterns 31
3 US Electric Transmission & Distribution Equipment
Imports by Source, 2006 41
4 US Electric Transmission & Distribution Equipment
Exports by Destination, 2006 42
SECTION III -- REGULATIONS & TECHNOLOGY
1 Status of Retail Electric Utility Deregulation, 2006 48
SECTION IV -- PRODUCTS
1 Electric Transmission & Distribution Equipment Demand
by Type 74
2 Switchgear & Switchboard Apparatus Demand by Type, 2006 78
3 Transformer Demand by Type, 2006 111
SECTION V -- MARKETS
1 Electric Transmission & Distribution Equipment Demand
by Market 146
2 Electric Utility Market for Electric Transmission &
Distribution Equipment by Type 154
3 Industrial & Nonutility Generation Market for Electric
Transmission & Distribution Equipment by Type 162
4 Residential Market for Electric Transmission &
Distribution Equipment by Type 170
5 Commercial Market for Electric Transmission & Distribution
Equipment by Type 176
6 Government/Institutional Market for Electric Transmission
& Distribution Equipment by Type 181
SECTION VI -- INDUSTRY STRUCTURE
1 Electric Transmission & Distribution Equipment Market
Share by Company, 2006 189
