US demand for electric T&D equipment will grow 2.6 percent annually through 2013. Gains will be driven by upgrades to the US electric grid, more power generated by independent producers and cogenerators, and the installation of renewable energy systems such as wind. Switchgear and meters (e.g., smart meters) will be the fastest growing types.

This study analyzes the $21 billion US electric T&D industry. It presents historical demand data for the years 1998, 2003 and 2008, and forecasts for 2013 and 2018 by product (switchgear and switchboard apparatus, transformers, pole and transmission line hardware, electric meters) and market (electric utilities, industrial and nonutility generators, commercial sector, residential sector, government and institutions).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 35 industry competitors, including ABB, Siemens and General Electric.

TABLE OF CONTENTS

                                                   
SECTION                                                                         PAGE

                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
                                         
TABLE NUMBER                                                                    PAGE

                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
                                         
CHART NUMBER                                                                    PAGE

                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