tc=1594xtc
TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION ix
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Environment 5
Electricity Generation 8
Electric Generating Capacity 12
Electricity Consumption 14
Historical Trends 16
Pricing Trends 20
International Environment 23
World Market 25
US Foreign Trade 28
Imports 30
Exports 32
III. REGULATIONS & TECHNOLOGY 34
General 34
Regulations & Standards 34
Electric Utility Deregulation 35
Wholesale & Retail Deregulation 35
Growth of Distributed Generation 40
Impact on Electric Power Equipment Markets 41
Environmental 44
Other 47
Technology 49
Arc-Fault Circuit Interrupters 50
Amorphous Core Transformers 51
Variable Frequency Transformers 53
Sulfur Hexafluoride Emissions Reductions 53
High Temperature Superconducting Equipment 55
Dry Polymer Cables 56
IV. MARKETS 59
General 59
Industrial & Nonutility Generator 62
Manufacturing & Nonutility Generation Outlook 62
Electric Power Equipment Outlook 66
Electric Utilities 70
Electric Utility Outlook 71
Electric Power Equipment Outlook 73
Commercial 78
Commercial Construction & Space 78
Electric Power Equipment Outlook 81
Residential 84
Residential Sector Trends 85
Electric Power Equipment Outlook 87
Government & Institutions 90
Government Consumption & Investment 91
Electric Power Equipment Outlook 93
V. PRODUCTS 95
General 95
Switchgear & Switchboard Apparatus 98
Low Voltage Switchgear 102
Molded Case Circuit Breakers 105
Construction MCCBs 109
Transportation, Electronic & Other MCCBs 112
Power Circuit Breakers 113
Fuses & Fuse Equipment 117
Duct 121
Switchgear Relays 123
Other 126
Metal-Clad & Metal-Enclosed Switchgear 128
Power Switching Equipment 130
Control Panels 130
High Voltage Fuses & Links 131
All Other Types 131
Transformers 132
Power 136
500kVA to 10 MVA 141
10 to 30 MVA 142
30 to 100 MVA 142
Over 100 MVA 143
Secondary & Other 144
Distribution 144
Single Phase 148
Three Phase & Other 149
Specialty 150
High Intensity Discharge Ballasts 152
Instrument Transformers 154
Open Core & Coil, Machine Tool Control &
Other Specialty Transformers 155
Nonutility 155
Other Transformers & Parts 158
Pole & Transmission Line Hardware 160
VI. INDUSTRY STRUCTURE 165
General 165
Industry Composition & Market Share 166
Leading Electric Power Equipment Manufacturers 168
Product Development 173
Manufacturing 175
Marketing 178
Mergers & Acquisitions 181
Cooperative Agreements 184
Company Profiles 188
ABB Limited 189
AB Chance Company, see Hubbell Incorporated
Acme Electric Corporation, see Key Components LLC
Advance Transformer Company, see Philips Electronics NV
Alstom SA 194
American Superconductor Corporation 197
AMP Incorporated, see Tyco International Limited
Atkinson Industries Incorporated, see AZZ Incorporated
AZZ Incorporated 199
Basler Electric Company 201
Bertan High Voltage, see Del Global Technologies
Corporation
Calvert Company, see AZZ Incorporated
Carbone Lorraine 202
Carling Technologies Incorporated 204
Central Moloney Incorporated 206
CeramTech High Voltage Insulator, see Lapp Insulator
Company
CGIT Westboro Incorporated, see AZZ Incorporated
CII Technologies Incorporated, see Tyco International
Limited
Cooper Industries Limited 207
Cutler-Hammer, see Eaton Corporation
Cyberex LLC, see Danaher Corporation
Danaher Corporation 211
Del Global Technologies Corporation 213
Durant Power, see Eaton Corporation
Dynapower Corporation 215
Eagle Electric Manufacturing Company Incorporated
Eaton Corporation 216
EGS Electrical Group, see SPX Corporation
Electro-Mechanical Corporation 219
Fargo Manufacturing Company, see Hubbell Incorporated
Federal Pacific Company, see Electro-Mechanical
Corporation
Ferraz Shawmut Incorporated, see Carbone Lorraine
Fisher Pierce, see Danaher Corporation
G&W Electric Company 221
General Electric Company 222
Hammond Power Solutions Incorporated 226
Honeywell International Incorporated 228
Howard Industries Incorporated 229
Hubbell Incorporated 231
Joslyn Hi-Voltage Corporation, see Danaher Corporation
Key Components LLC 235
Kohler Company 236
Kuhlman Electric Corporation 238
Lapp Insulator Company 239
Line Power Manufacturing Corporation, see Electro-
Mechanical Corporation
Littelfuse Incorporated 240
Magnetek Incorporated 242
Mitsubishi Electric Corporation 243
Ohio Brass Company, see Hubbell Incorporated
Philips Electronics NV 245
Powell Industries Incorporated 247
Raychem Corporation, see Tyco International Limited
S&C Electric Company 249
Schneider Electric SA 251
Semitron Industries Limited, see Littelfuse Incorporated
Siemens AG 254
SPX Corporation 258
Square D Company, see Schneider Electric SA
Thomas & Betts Corporation 260
Turner Electric LLC, see Key Components LLC
Tyco International Limited 262
UltraGlas Power Products, see Dynapower Corporation
and Honeywell International Incorporated
Unibus Incorporated, see Powell Industries Incorporated
Universal Lighting Technologies Incorporated 265
VA Technologie AG 266
Valmont Industries Incorporated 267
Waukesha Electric Systems, see SPX Corporation
Other Companies Mentioned in Study 268
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I
Summary Table 3
SECTION II
1 Macroeconomic Environment 8
2 Electricity Generation by Generator & Fuel Type 12
3 Electric Generating Capacity 14
4 Electricity Consumption by End User 16
5 Electric Power Equipment Market, 1992-2001 19
6 Electric Power Equipment Pricing Deflators 22
7 World Electric Power Equipment Demand 28
8 International Trade in Electric Power Equipment 30
SECTION IV
1 Electric Power Equipment Demand by Market 61
2 Industrial & Nonutility Generator Sector Indicators 66
3 Industrial & Nonutility Generation Market For Electric
Power Equipment 69
4 Electric Utility Indicators 73
5 Electric Utilities Market For Electric Power Equipment 77
6 Commercial Indicators 80
7 Commercial Market For Electric Power Equipment 83
8 Residential Indicators 87
9 Residential Market For Electric Power Equipment 89
10 Government Expenditures 92
11 Government/Institutional Market For Electric Power Equipment94
SECTION V
1 Electric Power Equipment Supply & Demand 97
2 Switchgear & Switchboard Apparatus Supply & Demand 101
3 Low Voltage Switchgear Supply & Demand 105
4 Molded Case Circuit Breaker Supply & Demand 109
5 Construction-Related Molded Case Circuit Breaker Shipments 112
6 Power Circuit Breaker Supply & Demand 117
7 Fuses & Fuse Equipment Supply & Demand 121
8 Duct Supply & Demand 123
9 Switchgear Relay Supply & Demand 126
10 Other Switchgear Supply & Demand 128
11 Transformer Supply & Demand 135
12 Power Transformer Supply & Demand 141
13 Distribution Transformer Supply & Demand 148
14 Specialty Transformer Supply & Demand 152
15 Nonutility Transformer Supply & Demand 158
16 Other Transformers & Parts Supply & Demand 160
17 Pole & Transmission Line Hardware Supply & Demand 164
SECTION VI
1 Revenues For Selected Electric Power Equipment
Producers, 2001 172
2 Capital Spending Patterns: Selected Electric Power
Equipment Manufacturers 178
3 Selected Acquisitions & Divestitures 183
4 Selected Cooperative Agreements 186
LIST OF CHARTS
CHART NUMBER PAGE
SECTION II
1 Electric Power Equipment Market, 1993-2001 20
2 Electric Power Equipment Pricing Patterns 23
3 US Electric Power Equipment Imports, 2001 32
4 US Electric Power Equipment Exports, 2001 33
SECTION III
1 Status of Retail Electric Deregulation by State 39
SECTION IV
1 Electric Power Equipment by Market 61
2 Industrial & Nonutility Generation Market for Electric
Power Equipment by Type 70
3 Electric Utilities Market for Electric Power Equipment
by Type 77
4 Commercial Market for Electric Power Equipment by Type 84
5 Residential Market for Electric Power Equipment by Sector 90
6 Government/Institutional Market for Electric Power
Equipment by Type 94
SECTION V
1 Electric Power Equipment Demand by Type 98
2 Switchgear & Switchboard Apparatus Demand by Type, 2001 102
3 Transformer Demand by Type, 2001 136
SECTION VI
1 Electric Power Equipment Market Share by Company, 2001 168
