World electric transmission and distribution equipment demand will rise 4.4 percent annually through 2011. The industrial and commercial sector will see the strongest gains as cogeneration proliferates and products such as high voltage transformers become more common outside of the utility sector.

This study analyzes the $85 billion world electric power equipment industry. It presents historical demand data (1996, 2001, 2006) and forecasts for the years 2011 and 2016 by product (transformers, switchgear and switchboard apparatus); market (industrial, commercial and other; electric utilities; residential); world region (e.g., North America, Asia/Pacific, Western Europe); and for 17 national markets.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 27 major players including ABB, Schneider Electric, Siemens, AREVA, Mitsubishi Electric, Hitachi, Toshiba, General Electric, Eaton, Legrand and Cooper.

                           TABLE OF CONTENTS
                                    
  
  SECTION                                                          PAGE
  
         INTRODUCTION                                                 x
     
   I.    EXECUTIVE SUMMARY                                            1
         
  II.    MARKET ENVIRONMENT                                           4
         General                                                      4
         World Economic Outlook                                       5
           Recent Economic Performance                                5
           World Economic Outlook                                     7
         Global Fixed Investment Trends                              11
         World Demographic Outlook                                   13
           World Population Outlook                                  14
           World Urban Population Outlook                            15
         Global Light Distribution                                   17
         World Energy & Power Generation Outlook                     20
         Cost/Pricing Dynamics                                       22
         Environmental Regulations & Standards                       23
         Technological Trends                                        24
           Arc-Fault Circuit Interrupters                            25
           Amorphous Core Transformers                               26
           HEXAFORMERS                                               28
           Variable Frequency Transformers                           29
           Sulfur Hexafluoride Emissions Reductions                  30
           High Temperature Superconducting Equipment                31
           
 III.    SUPPLY & DEMAND                                             33
         General                                                     33
         World Electric Power Equipment Markets                      34
           Demand by Region                                          36
           Demand by Market                                          38
              Industrial, Commercial & Other                         41
              Electric Utilities                                     42
              Residential                                            44
           Demand by Product                                         46
              Transformers                                           47
              Switchgear & Switchboard Apparatus                     50
         Production Overview                                         53
         International Trade Flows                                   55
  
  IV.    NORTH AMERICA                                               58
         North America                                               58
         United States                                               62
         Canada                                                      66
         Mexico                                                      70
  
   V.    WESTERN EUROPE                                              75
         Western Europe                                              75
         France                                                      79
         Germany                                                     83
         Italy                                                       88
         Spain                                                       91
         United Kingdom                                              94
         Other Western Europe                                        97
  
  VI.    ASIA/PACIFIC                                               102
         Asia/Pacific                                               102
         Australia                                                  106
         China                                                      111
         India                                                      117
         Japan                                                      121
         South Korea                                                126
         Taiwan                                                     130
         Other Asia/Pacific                                         134
  
 VII.    OTHER REGIONS                                              138
         Latin America                                              138
           Brazil                                                   141
           Other Latin America                                      145
         Eastern Europe                                             149
           Russia                                                   153
           Other Eastern Europe                                     157
         Africa/Mideast                                             160
           Turkey                                                   164
           Other Africa/Mideast                                     167
 
VIII.    INDUSTRY STRUCTURE                                         171
         General                                                    171
         Industry Composition & Market Share                        172
         Product Development                                        174
         Manufacturing                                              176
         Marketing & Distribution                                   177
         Cooperative Agreements                                     179
         Mergers, Acquisitions & Industry Restructuring             191
         Company Profiles                                           197
           AB Chance, see Hubbell                                      
           ABB Limited                                              198
           AREVA Group                                              204
           Bharat Heavy Electricals Limited                         208
           Cannon Technologies Incorporated, see Cooper Industries
           Carbone Lorraine                                         210
           CHINT Group Corporation                                  213
           Clipsal Asia Holdings Limited, see Schneider Electric 
           Cooper Industries Limited                                215
           Crompton Greaves Limited                                 219
           Cybectec Incorporated, see Cooper Industries                
           Danaher Corporation                                      222
           DELIXI Group                                             223
           Eaton Corporation                                        224
           EGS Electrical Group LLC, see SPX Corporation               
           Fargo Manufacturing Company Incorporated, see Hubbell       
           Ferraz Shawmut SA, see Carbone Lorraine                     
           Ganz Transelektro Electric Company Limited, see 
              Crompton Greaves Limited                                 
           GE CHINT Wenzhou Electrical Company Limited, see 
              CHINT Group Corporation and General Electric             
           GE-Hitachi HVB Incorporated, see Hitachi Limited            
           General Electric Company                                 228
           Henan Pinggao Toshiba High-Voltage Switchgear 
              Company Limited, see Toshiba Corporation                 
           High Voltage Supply Incorporated, see SPX Corporation       
           Hipotronics Incorporated, see Hubbell                       
           Hitachi Limited                                          232
           Howard Industries Incorporated                           235
           Hubbell Incorporated                                     237
           HVB AE Power Systems Incorporated, see Hitachi Limited      
           Hyosung Corporation                                      240
           Intelligent Switchgear Organization LLC, see Eaton
           J-Power Systems Corporation, see Hitachi Limited            
           Japan AE Power Systems Corporation, see Hitachi Limited
           Kuhlman Electric Corporation                             242
           Legrand Holding SA                                       244
           Mitsubishi Electric Corporation                          248
           Nantong Youbang Transformer Company Limited, see 
              Hyosung Corporation                                      
           Ohio Brass Company, see Hubbell                             
           Osram GmbH, see Siemens AG                                  
           Pass & Seymour/Legrand, see Legrand Holding SA              
           Passoni & Villa, see AREVA Group                            
           Pauwels International NV, see Crompton Greaves Limited
           Powell Industries Incorporated                           250
           Power Systems Company, see Toshiba Corporation              
           Power Systems Development Incorporated, see SPX
           Pringle Electrical Manufacturing Company, see Eaton         
           Qualitrol Company LLC, see Danaher Corporation              
           RWE Group                                                253
           S&C Electric Company                                     254
           Schneider Electric SA                                    256
           Senyuan International Holdings Limited, see Eaton
           Shanghai AE Power Changcheng Switchgear Corporation, 
              see Hitachi Limited                                      
           Siemens AG                                               262
           SPX Corporation                                          268
           Square D Company, see Schneider Electric                    
           Switchgear & Instrumentation Limited, see Powell 
              Industries Incorporated                                  
           Toshiba Corporation                                      271
           Tyco Electronics Limited                                 273
           VA Technologie AG, see Siemens AG                           
           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                      10
    2    World Gross Fixed Investment by Region                      13
    3    World Population by Region                                  15
    4    World Urban Population by Region                            17
    5    Electricity Generation by Region                            22
  
         SECTION III -- SUPPLY & DEMAND
    1    World Electric Power Equipment Demand by Region             37
    2    World Electric Power Equipment Demand by Market             40
    3    World Industrial & Commercial Market for Electric Power      
           Equipment                                                 42
    4    World Electric Utilities Market for Electric Power 
           Equipment                                                 44
    5    World Residential Market for Electric Power Equipment       45
    6    World Electric Power Equipment Demand by Product            47
    7    World Transformer Demand by Region                          50
    8    World Switchgear & Switchboard Apparatus Demand by Region   53
    9    World Electric Power Equipment Production by Region         54
   10    World Trade Flows by Region                                 57
  
         SECTION IV -- NORTH AMERICA
    1    North America -- Electric Power Equipment Supply & Demand   60
    2    North America -- Electric Power Equipment Demand by 
           Market & Product                                          61
    3    United States -- Electric Power Equipment Supply & Demand   64
    4    United States -- Electric Power Equipment Demand by 
           Market & Product                                          66
    5    Canada -- Electric Power Equipment Supply & Demand          68
    6    Canada -- Electric Power Equipment Demand by Market
           & Product                                                 70
    7    Mexico -- Electric Power Equipment Supply & Demand          72
    8    Mexico -- Electric Power Equipment Demand by Market
           & Product                                                 74
  
         SECTION V -- WESTERN EUROPE
    1    Western Europe -- Electric Power Equipment Supply & Demand  77
    2    Western Europe -- Electric Power Equipment Demand by 
           Market & Product                                          79
    3    France -- Electric Power Equipment Supply & Demand          81
    4    France -- Electric Power Equipment Demand by Market 
           & Product                                                 83
    5    Germany -- Electric Power Equipment Supply & Demand         86
    6    Germany -- Electric Power Equipment Demand by Market 
           & Product                                                 87
    7    Italy -- Electric Power Equipment Supply & Demand           89
    8    Italy -- Electric Power Equipment Demand by Market 
           & Product                                                 90
    9    Spain -- Electric Power Equipment Supply & Demand           92
   10    Spain -- Electric Power Equipment Demand by Market 
           & Product                                                 94
   11    United Kingdom -- Electric Power Equipment Supply & Demand  96
   12    United Kingdom -- Electric Power Equipment Demand by 
           Market & Product                                          97
   13    Other Western Europe -- Electric Power Equipment Supply &    
           Demand                                                    99
   14    Other Western Europe -- Electric Power Equipment Demand 
           by Market & Product                                      101
  
         SECTION VI -- ASIA/PACIFIC
    1    Asia/Pacific -- Electric Power Equipment Supply & Demand   105
    2    Asia/Pacific -- Electric Power Equipment Demand by 
           Market & Product                                         106
    3    Australia -- Electric Power Equipment Supply & Demand      109
    4    Australia -- Electric Power Equipment Demand by 
           Market & Product                                         110
    5    China -- Electric Power Equipment Supply & Demand          115
    6    China -- Electric Power Equipment Demand by 
           Market & Product                                         117
    7    India -- Electric Power Equipment Supply & Demand          119
    8    India -- Electric Power Equipment Demand by 
           Market & Product                                         121
    9    Japan -- Electric Power Equipment Supply & Demand          124
   10    Japan -- Electric Power Equipment Demand by 
           Market & Product                                         126
   11    South Korea -- Electric Power Equipment Supply & Demand    128
   12    South Korea -- Electric Power Equipment Demand by 
           Market & Product                                         130
   13    Taiwan -- Electric Power Equipment Supply & Demand         132
   14    Taiwan -- Electric Power Equipment Demand by 
           Market & Product                                         133
   15    Other Asia/Pacific -- Electric Power Equipment Supply & 
           Demand                                                   136
   16    Other Asia/Pacific -- Electric Power Equipment Demand by 
           Market & Product                                         137
  
         SECTION VII -- OTHER REGIONS
    1    Latin America -- Electric Power Equipment Supply & Demand  140
    2    Latin America -- Electric Power Equipment Demand by 
           Market & Product                                         141
    3    Brazil -- Electric Power Equipment Supply & Demand         143
    4    Brazil -- Electric Power Equipment Demand by 
           Market & Product                                         145
    5    Other Latin America -- Electric Power Equipment Supply &     
           Demand                                                   147
    6    Other Latin America -- Electric Power Equipment Demand by    
           Market & Product                                         149
    7    Eastern Europe -- Electric Power Equipment Supply & Demand 152
    8    Eastern Europe -- Electric Power Equipment Demand by 
           Market & Product                                         153
    9    Russia -- Electric Power Equipment Supply & Demand         155
   10    Russia -- Electric Power Equipment Demand by Market 
           & Product                                                157
   11    Other Eastern Europe -- Electric Power Equipment Supply &    
           Demand                                                   159
   12    Other Eastern Europe -- Electric Power Equipment Demand
           by Market & Product                                      160
   13    Africa/Mideast -- Electric Power Equipment Supply & 
           Demand                                                   163
   14    Africa/Mideast -- Electric Power Equipment Demand by 
           Market & Product                                         164
   15    Turkey -- Electric Power Equipment Supply & Demand         166
   16    Turkey -- Electric Power Equipment Demand by 
           Market & Product                                         167
   17    Other Africa/Mideast -- Electric Power Equipment Supply & 
           Demand                                                   169
   18    Other Africa/Mideast -- Electric Power Equipment Demand by   
         Market & Product                                           170
  
         SECTION VIII -- INDUSTRY STRUCTURE
    1    Selected Cooperative Agreements                            182
    2    Selected Acquisitions & Divestitures                       193
  
    


                           LIST OF CHARTS
                                   
    CHART NUMBER                                                   PAGE
  
         SECTION II -- MARKET ENVIRONMENT
    1    World Electric Power Grid Illustration Via Nocturnal 
           Satellite Photo Composite, 2002                           19
  
         SECTION III -- SUPPLY & DEMAND
    1    Electric Power Equipment Demand Per Capita/Gross Fixed
           Investment Per Capita Relationship, 2006                  35
    2    World Electric Power Equipment Demand by Region, 2006       38
    3    World Electric Power Equipment Demand by Market, 2006       40
    4    World Electric Power Equipment Production by Region, 2006   55
  
         SECTION VIII -- INDUSTRY STRUCTURE
    1    World Electric Power Equipment Market Share by 
           Company, 2006                                            173