US demand for electric transmission and distribution (T&D) equipment is forecast to climb 5.2 percent annually through 2015. Electric utilities will remain the dominant market, while the residential market and industrial/nonutility generators grow the fastest. Meters, molded case circuit breakers and nonutility transformers will be the fastest growing products.

This study analyzes the $20.1 billion US electric T&D industry. It presents historical demand data for the years 2000, 2005 and 2010, with forecasts for 2015 and 2020 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 37 industry competitors, including Siemens, Eaton and Schneider Electric.

				    TABLE OF CONTENTS

     SECTION									    PAGE

		INTRODUCTION							      ix

	I.	EXECUTIVE SUMMARY						       1

	II.	MARKET ENVIRONMENT						       4
		General								       4
		Economic Environment						       6
		Fixed Investment						      10
		Construction Outlook						      13
		Electricity Generation						      17
		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					      49
		General								      49
		Regulations & Standards						      50
		   Electric Utility Deregulation				      50
		      Wholesale Deregulation					      50
		      Retail Deregulation					      53
		      Growth of Distributed Generation				      57
		      Net Metering						      57
		      Renewable Energy Portfolio Standards			      60
		      Impact on Electric Power T&D Equipment Markets		      63
		   Environmental						      65
		   Other							      69
		Technology							      71
		   Smart Grid							      72
		   Arc-Fault Circuit Interrupters				      75
		   Amorphous Core Transformers					      77
		   New Transformer Core Shapes					      78
		   Variable Frequency Transformers				      79
		   Sulfur Hexafluoride Emissions Reductions			      80
		   High Temperature Superconducting Equipment			      80
		   Other							      82

	IV.	PRODUCTS							      84
		General								      84
		Switchgear & Switchboard Apparatus				      88
		   Low-Voltage Switchgear					      92
		   Metal-Clad & Metal-Enclosed Switchgear			      94
		   Molded Case Circuit Breakers					      97
		      Construction MCCBs					     101
		      Transportation, Electronic & Other MCCBs			     103
		   Power Circuit Breakers					     104
		   Power Switching Equipment					     107
		   Fuses & Fuse Equipment					     109
		   Duct								     113
		   Switchgear Relays						     115
		   Other Switchgear						     118
		      Control Panels						     120
		      High-Voltage Fuses & Links				     120
		      All Other Types						     121
		Transformers							     121
		   Power							     126
		      500 kVA to 10 MVA						     131
		      10 MVA to 30 MVA						     132
		      30 MVA to 100 MVA						     132
		      Over 100 MVA						     133
		      Secondary & Other						     133
		   Distribution							     134
		      Single-Phase						     139
		      Three-Phase & Other					     140
		   Specialty							     141
		      High Intensity Discharge Ballasts				     143
		      Instrument Transformers					     145
		      Other Specialty Transformers				     146
		   Nonutility							     146
		   Other Transformers & Parts					     148
		Pole & Transmission Line Hardware				     150
		Electric Meters							     153

	V.	MARKETS								     158
		General								     158
		Electric Utilities						     161
		   Electric Utility Outlook					     162
		   Electric Power Transmission & Distribution Equipment		     165
		Industrial & Nonutility Generators				     169
		   Manufacturing & Nonutility Generation Outlook		     170
		   Electric Power Transmission & Distribution Equipment		     175
		Commercial Sector						     179
		   Commercial Construction & Space Outlook			     180
		   Electric Power Transmission & Distribution Equipment		     182
		Residential Sector						     186
		   Residential Sector Outlook					     187
		   Electric Power Transmission & Distribution Equipment		     190
		Government & Institutions					     194
		   Government & Institution Consumption & Investment 
		      Outlook							     195
		   Electric Power Transmission & Distribution Equipment		     197

	VI.	INDUSTRY STRUCTURE						     201
		General								     201
		Market Share							     205
		Product Development						     210
		Manufacturing							     214
		Marketing							     216
		Cooperative Agreements						     219
		Mergers & Acquisitions						     222
		Company Profiles						     224
		   AB Chance, see Hubbell
		   ABB Limited							     225
		   Acme Electric, see Actuant
		   Actuant Corporation						     228
		   Alstom SA							     231
		   American Superconductor Corporation				     234
		   Anderson Electrical Products, see Hubbell
		   AREVA Group							     236
		   AREVA T&D Holding, see Alstom and Schneider Electric
		   Atkinson-EPSI, see AZZ
		   AZZ Incorporated						     237
		   Basler Electric Company					     239
		   Calvert, see AZZ
		   Carbone Lorraine, see Mersen
		   Carling Technologies Incorporated				     241
		   Central Electric, see AZZ
		   Central Moloney Incorporated					     243
		   CG Power Systems USA, see Crompton Greaves
		   CGIT Westboro, see AZZ
		   Cooper Industries plc					     244
		   CopperLogic, see Eaton
		   Crompton Greaves Limited					     250
		   Eaton Corporation						     252
		   EGS Electrical Group, see SPX
		   Electro-Mechanical Corporation				     255
		   Elster Group SE						     257
		   Fargo Manufacturing, see Hubbell
		   Federal Pacific, see Electro-Mechanical
		   Ferraz Shawmut, see Mersen
		   G&W Electric Company						     259
		   GE Energy, see General Electric
		   General Electric Company					     261
		   Hammond Power Solutions Incorporated				     267
		   High Voltage Supply, see SPX
		   Hitachi Limited						     269
		   Howard Industries Incorporated				     272
		   Hubbell Incorporated						     274
		   HVB AE Power Systems, see Hitachi
		   Itron Incorporated						     278
		   Japan AE Power Systems, see Hitachi
		   Joslyn Hi-Voltage, see Thomas & Betts
		   Kohler Company						     280
		   Landis+Gyr AG						     281
		   LAPP Insulators Company LLC					     283
		   Line Power Manufacturing, see Electro-Mechanical
		   Littelfuse Incorporated					     284
		   Marinco Electrical Group, see Actuant
		   Mersen SA							     287
		   Metglas, see Hitachi
		   Mitsubishi Electric Corporation				     289
		   Ohio Brass, see Hubbell
		   OSRAM SYLVANIA, see Siemens
		   Panasonic Corporation					     292
		   Philips Lighting Electronics, see Royal Phillips Electronics
		   Powell Industries Incorporated				     294
		   Power Systems Development, see Alstom
		   Prolec GE Internacional S de RL, see General Electric
		   Royal Philips Electronics NV					     296
		   S&C Electric Company						     298
		   Schneider Electric SA					     301
		   Sensus USA Incorporated					     305
		   Siemens AG							     307
		   SPX Corporation						     312
		   Thomas & Betts Corporation					     315
		   Tyco Electronics Limited					     318
		   Universal Lighting Technologies, see Panasonic
		   Waukesha Electric Systems, see SPX
		Other Companies Mentioned in Study				     320


				      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, 
		   2000-2010							      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		      62

		SECTION IV -- PRODUCTS
	1	Electric Transmission & Distribution Equipment Supply 
		   & Demand							      87
	2	Switchgear & Switchboard Apparatus Supply & Demand		      91
	3	Low-Voltage Switchgear Supply & Demand				      94
	4	Metal-Clad & Metal-Enclosed Switchgear Supply & Demand		      97
	5	Molded Case Circuit Breaker Supply & Demand			     101
	6	Construction-Related Molded Case Circuit Breaker Demand		     103
	7	Power Circuit Breaker Supply & Demand				     107
	8	Power Switching Equipment Supply & Demand			     109
	9	Fuse & Fuse Equipment Supply & Demand				     113
	10	Duct Supply & Demand						     115
	11	Switchgear Relay Supply & Demand				     118
	12	Other Switchgear Supply & Demand				     119
	13	Transformer Supply & Demand					     125
	14	Power Transformer Supply & Demand				     131
	15	Distribution Transformer Supply & Demand			     139
	16	Specialty Transformer Supply & Demand				     143
	17	Nonutility Transformer Supply & Demand				     148
	18	Other Transformer Supply & Demand				     150
	19	Pole & Transmission Line Hardware Supply & Demand		     153
	20	Electric Meter Supply & Demand					     157

		SECTION V -- MARKETS
	1	Electric Transmission & Distribution Equipment Demand 
		   by Market							     160
	2	Electric Utility Indicators					     165
	3	Electric Utility Market for Electric Transmission 
		   & Distribution Equipment					     168
	4	Industrial & Nonutility Generator Sector Indicators		     175
	5	Industrial & Nonutility Generator Market for Electric 
		   Transmission & Distribution Equipment		             178
	6	Commercial Construction Indicators				     182
	7	Commercial Market for Electric Transmission & Distribution 
		   Equipment							     185
	8	Residential Indicators						     190
	9	Residential Market for Electric Transmission & Distribution 
		   Equipment							     193
	10	Government Expenditures & Investment				     197
	11	Government & Institutional Market for Electric Transmission 
		   & Distribution Equipment					     199

		SECTION VI -- INDUSTRY STRUCTURE
	1	Electric Transmission & Distribution Equipment Sales 
		   by Company, 2010						     204
	2	Capital Expenditures: Selected Electric Transmission 
		   & Distribution Equipment Manufacturers			     216
	3	Selected Cooperative Agreements					     221
	4	Selected Acquisitions & Divestitures				     223

		      LIST OF CHARTS

    CHART NUMBER								    PAGE


		SECTION II -- MARKET ENVIRONMENT
	1	Electric Transmission & Distribution Equipment Market, 
		   2001-2010							      33
	2	Electric Transmission & Distribution Equipment Pricing 
		   Patterns, 2000-2020						      37
	3	US Electric Transmission & Distribution Equipment Imports 
		   by Source, 2010						      47
	4	US Electric Transmission & Distribution Equipment Exports 
		   by Destination, 2010						      48

		SECTION III -- REGULATIONS & TECHNOLOGY
	1	Status of Retail Electric Utility Deregulation, 2010		      56
	2	Net Metering Customers, 2004-2009				      59

		SECTION IV -- PRODUCTS
	1	Electric Transmission & Distribution Equipment Demand 
		   by Type, 2000-2020						      88
	2	Switchgear & Switchboard Apparatus Demand by Type, 2010		      92
	3	Transformer Demand by Type, 2010				     126

		SECTION V -- MARKETS
	1	Electric Transmission & Distribution Equipment Demand 
		   by Market, 2000-2020						     161
	2	Electric Utility Market for Electric Transmission 
		   & Distribution Equipment by Type, 2000-2020			     169
	3	Industrial & Nonutility Generation Market for Electric 
		   Transmission & Distribution Equipment by Type, 2000-2020							    
	4	Commercial Market for Electric Transmission & Distribution Equipment 179
		 by Type, 2000-2020						     186
	5	Residential Market for Electric Transmission & Distribution 
		   Equipment by Type, 2000-2020					     194
	6	Government/Institutional Market for Electric Transmission 
		   & Distribution Equipment by Type, 2000-2020			     200

		SECTION VI -- INDUSTRY STRUCTURE
	1	Electric Transmission & Distribution Equipment Market Share 
		   by Company, 2010						     206