TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION x
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 5
Recent Historical Trends 5
World Economic Outlook 8
Gross Fixed Investment Trends 11
World Demographic Outlook 13
World Population Outlook 14
World Urban Population Outlook 15
World Energy & Power Generation Outlook 17
Cost & Pricing Dynamics 19
Environmental Regulations & Standards 20
Technological Trends 21
Smart Grid 22
HVDC 25
Arc-Fault Circuit Interrupters 29
Amorphous Core Transformers 30
New Transformer Core Shapes 31
Variable Frequency Transformers 32
High Temperature Superconducting Equipment 33
Other 34
III. SUPPLY & DEMAND 35
General 35
World Electric Power Equipment Markets 36
Demand by Region 38
Demand by Market 40
Electric Utilities 42
Industrial & Nonutility Generators 44
Commercial, Government & Residential 45
Demand by Product 47
Transformers 48
Switchgear & Switchboard Apparatus 51
Production Overview 54
International Trade Flows 56
IV. NORTH AMERICA 59
General 59
United States 63
Canada 68
Mexico 72
V. WESTERN EUROPE 77
General 77
France 82
Germany 86
Italy 91
Spain 95
United Kingdom 99
Other Western Europe 103
VI. ASIA/PACIFIC 108
General 108
Australia 113
China 117
India 124
Indonesia 129
Japan 133
South Korea 138
Taiwan 143
Thailand 147
Other Asia/Pacific 150
VII. OTHER REGIONS 155
Latin America 155
Brazil 158
Other Latin America 162
Eastern Europe 166
Russia 170
Other Eastern Europe 174
Africa/Mideast 177
Iran 182
South Africa 185
Other Africa/Mideast 189
VIII. INDUSTRY STRUCTURE 194
General 194
Industry Composition & Market Share 195
Market Leaders 198
Product Development 200
Manufacturing 203
Marketing & Distribution 205
Cooperative Agreements 207
Mergers, Acquisitions & Industry Restructuring 219
Company Profiles 223
AB Chance, see Hubbell Incorporated
ABB Limited 224
ABB Xian Power Capacitor Company Limited, see
ABB Limited and China Xian Electric Group
AREVA Group 232
Bharat Heavy Electricals Limited 236
Carbone Lorraine 238
China Xian Electric Group 241
CHINT Group Corporation 243
Cooper Industries Limited 244
Crompton Greaves Limited 249
Delixi Electric Limited, see DELIXI Group and
Schneider Electric SA
DELIXI Group Company Limited 252
Eaton Corporation 253
Fargo Manufacturing Company, see Hubbell Incorporated
Fuji Electric FA Components & Systems, see
Schneider Electric SA
GE CHINT Wenzhou Electrical Company Limited, see
CHINT Group and General Electric Company
General Electric Company 256
High Voltage Supply Incorporated, see SPX Corporation
Hitachi Limited 261
Howard Industries Incorporated 264
Hubbell Incorporated 265
HVB AE Power Systems Incorporated, see Hitachi Limited
Hyosung Corporation 269
Japan AE Power Systems Corporation, see Hitachi Limited
Kuhlman Electric Corporation, see ABB Limited
Legrand SA 271
Mitsubishi Electric Corporation 274
Moeller GmbH, see Eaton Corporation
MTL Instruments Group plc, see Cooper Industries
Nokian Capacitors Limited, see AREVA Group
Ohio Brass Company, see Hubbell Incorporated
OSRAM GmbH, see Siemens AG
Pass & Seymour/Legrand, see Legrand SA
Pauwels International NV, see Crompton Greaves Limited
Powell Industries Incorporated 276
Power Systems Development Incorporated, see
SPX Corporation
Prolec GE Internacional S de RL de CV, see
General Electric Company
S&C Electric Company 278
Schneider Electric SA 280
Siemens AG 286
SPX Corporation 292
Tebian Electric Apparatus Stock Company Limited 294
Toshiba Corporation 295
Transmission Distribution & Industrial Systems Company,
see Toshiba Corporation
Tyco Electronics Limited 298
VEI Power Distribution SpA, see AREVA Group
Waltec Equipamentos Eletricos Limitada, see
AREVA Group
Waukesha Electric Systems Incorporated, see
SPX Corporation
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 11
2 World Gross Fixed Investment by Region 13
3 World Population by Region 15
4 World Urban Population by Region 16
5 World Electric Power Generation by Region 19
6 New HVDC Lines Planned for 2009-2013 28
SECTION III -- SUPPLY & DEMAND
1 World Electric Power Equipment Demand by Region 39
2 World Electric Power Equipment Demand by Market 41
3 World Electric Utilities Market for Electric Power Equipment 43
4 World Industrial & Nonutility Generators Market for Electric
Power Equipment 45
5 World Commercial, Government & Residential Market
for Electric Power Equipment 47
6 World Electric Power Equipment Demand by Product 48
7 World Transformer Demand by Region 51
8 World Switchgear & Switchboard Apparatus Demand by Region 53
9 World Electric Power Equipment Shipments by Region 55
10 World Electric Power Equipment Trade Flows by Region 58
SECTION IV -- NORTH AMERICA
1 North America -- Electric Power Equipment Supply & Demand 61
2 North America -- Electric Power Equipment Demand
by Market & Product 62
3 United States -- Electric Power Equipment Supply & Demand 65
4 United States -- Electric Power Equipment Demand
by Market & Product 68
5 Canada -- Electric Power Equipment Supply & Demand 70
6 Canada -- Electric Power Equipment Demand
by Market & Product 72
7 Mexico -- Electric Power Equipment Supply & Demand 74
8 Mexico -- Electric Power Equipment Demand
by Market & Product 76
SECTION V -- WESTERN EUROPE
1 Western Europe -- Electric Power Equipment
Supply & Demand 79
2 Western Europe -- Electric Power Equipment Demand
by Market & Product 81
3 France -- Electric Power Equipment Supply & Demand 84
4 France -- Electric Power Equipment Demand
by Market & Product 86
5 Germany -- Electric Power Equipment Supply & Demand 89
6 Germany -- Electric Power Equipment Demand
by Market & Product 91
7 Italy -- Electric Power Equipment Supply & Demand 93
8 Italy -- Electric Power Equipment Demand
by Market & Product 94
9 Spain -- Electric Power Equipment Supply & Demand 97
10 Spain -- Electric Power Equipment Demand
by Market & Product 99
11 United Kingdom -- Electric Power Equipment
Supply & Demand 101
12 United Kingdom -- Electric Power Equipment Demand
by Market & Product 103
13 Other Western Europe -- Electric Power Equipment
Supply & Demand 105
14 Other Western Europe -- Electric Power Equipment Demand
by Market & Product 107
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific -- Electric Power Equipment Supply & Demand 111
2 Asia/Pacific -- Electric Power Equipment Demand
by Market & Product 112
3 Australia -- Electric Power Equipment Supply & Demand 115
4 Australia -- Electric Power Equipment Demand
by Market & Product 116
5 China -- Electric Power Equipment Supply & Demand 120
6 China -- Electric Power Equipment Demand
by Market & Product
7 India -- Electric Power Equipment Supply & Demand 126
8 India -- Electric Power Equipment Demand
by Market & Product 129
9 Indonesia -- Electric Power Equipment Supply & Demand 131
10 Indonesia -- Electric Power Equipment Demand
by Market & Product 133
11 Japan -- Electric Power Equipment Supply & Demand 136
12 Japan -- Electric Power Equipment Demand
by Market & Product 138
13 South Korea -- Electric Power Equipment Supply & Demand 141
14 South Korea -- Electric Power Equipment Demand
by Market & Product 142
15 Taiwan -- Electric Power Equipment Supply & Demand 145
16 Taiwan -- Electric Power Equipment Demand
by Market & Product 146
17 Thailand -- Electric Power Equipment Supply & Demand 149
18 Thailand -- Electric Power Equipment Demand
by Market & Product 150
19 Other Asia/Pacific -- Electric Power Equipment
Supply & Demand 153
20 Other Asia/Pacific -- Electric Power Equipment Demand
by Market & Product 154
SECTION VII -- OTHER REGIONS
1 Latin America -- Electric Power Equipment Supply & Demand 157
2 Latin America -- Electric Power Equipment Demand
by Market & Product 158
3 Brazil -- Electric Power Equipment Supply & Demand 160
4 Brazil -- Electric Power Equipment Demand
by Market & Product 162
5 Other Latin America -- Electric Power Equipment
Supply & Demand 165
6 Other Latin America -- Electric Power Equipment Demand
by Market & Product 166
7 Eastern Europe -- Electric Power Equipment
Supply & Demand 168
8 Eastern Europe -- Electric Power Equipment Demand
by Market & Product 169
9 Russia -- Electric Power Equipment Supply & Demand 172
10 Russia -- Electric Power Equipment Demand
by Market & Product 173
11 Other Eastern Europe -- Electric Power Equipment
Supply & Demand 176
12 Other Eastern Europe -- Electric Power Equipment Demand
by Market & Product 177
13 Africa/Mideast -- Electric Power Equipment Supply & Demand 180
14 Africa/Mideast -- Electric Power Equipment Demand
by Market & Product 182
15 Iran -- Electric Power Equipment Supply & Demand 184
16 Iran -- Electric Power Equipment Demand
by Market & Product 185
17 South Africa -- Electric Power Equipment Supply & Demand 187
18 South Africa -- Electric Power Equipment Demand
by Market & Product 188
19 Other Africa/Mideast -- Electric Power Equipment
Supply & Demand 191
20 Other Africa/Mideast -- Electric Power Equipment Demand
by Market & Product 193
SECTION VIII -- INDUSTRY STRUCTURE
1 World Electric Power Transmission & Distribution
Equipment Sales by Company, 2008 197
2 Selected Cooperative Agreements 209
3 Selected Acquisitions & Divestitures 221
LIST OF CHARTS
CHART NUMBER PAGE
SECTION III -- SUPPLY & DEMAND
1 Electric Power Equipment Demand Per Capita/Gross Fixed
Investment Per Capita Relationship, 2008 37
2 World Electric Power Equipment Demand by Region, 2008 40
3 World Electric Power Equipment Demand by Market, 2008 42
4 World Electric Power Equipment Shipments by Region, 2008 56
SECTION VIII -- INDUSTRY STRUCTURE
1 World Electric Power Transmission & Distribution Equipment
Market Share by Company, 2008 198
