Study #: 3805 | Published: 10/2019 | Pages: 136 | Individual User License: US$ 5,400

Global demand for electric power transmission and distribution equipment is projected to increase 4.0% per year to $172 billion in 2023. Sales will accelerate from the 2013-2018 performance, aided by continued strong growth in electricity consumption in developing regions.

Key Findings in the Global Electric Power Transmission & Distribution Equipment Study:

Key Geographic Trends Through 2023

The US and Western Europe have very high electrification rates and substantial existing infrastructure. Thus, sales opportunities will be driven by the increasing proliferation of renewable energy projects, which will require significant quantities of electric power transmission and distribution equipment in order to integrate with existing grids.

Middle-income and developing Asian countries benefit from both expansion of basic electrification infrastructure and increased electricity consumption in their industrial and manufacturing sectors.

  • India will continue to post the fastest gains in demand for electric power transmission and distribution equipment, with an annual growth rate of 8.2% through 2023.
  • China will account for the largest share of new electric power transmission and distribution equipment demand, with 33% of global demand.

The Japanese market, which is currently the sixth largest national market for this equipment, will rebound as the country continues to reactivate nuclear reactors following the Fukushima disaster.

The fastest advances are expected in industrializing middle-income nations, including India, China, Mexico, Thailand, and Brazil.

Key Product & Market Trends Through 2023

Demand for transformers is expected to grow 4.2% annually through 2023, supported by favorable outlooks for renewable energy, especially wind power generation. Wind power is expected to represent the largest component of new renewable energy, with offshore wind installations becoming increasingly common.

Transformer sales will also benefit from efforts to boost access to electricity in vast rural areas of Asia and Africa, where significant portions of the population still are not connected to the electrical grid.

Study Coverage

This Freedonia industry study analyzes the $141 billion global electric power transmission and distribution equipment industry. It presents historical demand data (2008, 2013, 2018) and forecasts (2023) by product (transformers, and switchgear and switchboard apparatus), market (electric utilities; industrial and nonutility generators; and commercial, government, and residential), and region (North America, Central and South America, Western Europe, Eastern Europe, Asia/Pacific, and Africa/Mideast). The study also evaluates market share and competitive analysis on industry competitors including ABB, China XD Group, Eaton, General Electric, Hitachi, Mitsubishi Electric, Schneider Electric, Siemens, and Toshiba.


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Table of Contents

1. Market Brief

2. Global Market Overview

Demand by Region

Global Electric Power Generation Outlook

Cost & Pricing Dynamics

Technological Trends

Smart Grid

High Voltage Direct Current (HVDC) Transmission Systems

Amorphous Core Transformers

Variable Frequency Transformers (VFTs)

Environmental Regulations & Standards

3. Products

Demand by Product

Transformers

Demand by Type

Power Transformers

Distribution Transformers

Other Transformers

Switchgear & Switchboard Apparatus

4. Markets

Demand by Market

Electric Utilities

Industrial & Nonutility Generators

Commercial, Government, & Residential

5. North America

North America: Market Size & Environment

North America: Demand by Product & Market

United States

United States: Market Size & Environment

United States: Demand by Product & Market

Canada

Canada: Market Size & Environment

Canada: Demand by Product & Market

Mexico

Mexico: Market Size & Environment

Mexico: Demand by Product & Market

6. Central & South America

Central & South America: Market Size & Environment

Central & South America: Demand by Product & Market

Brazil

Brazil: Market Size & Environment

Brazil: Demand by Product & Market

Other Central & South America

Other Central & South America: Market Size & Environment

Other Central & South America: Demand by Product & Market

7. Western Europe

Western Europe: Market Size & Environment

Western Europe: Demand by Product & Market

Germany

Germany: Market Size & Environment

Germany: Demand by Product & Market

France

France: Market Size & Environment

France: Demand by Product & Market

United Kingdom

United Kingdom: Market Size & Environment

United Kingdom: Demand by Product & Market

Italy

Italy: Market Size & Environment

Italy: Demand by Product & Market

Spain

Spain: Market Size & Environment

Spain: Demand by Product & Market

Other Western Europe

Other Western Europe: Market Size & Environment

Other Western Europe: Demand by Product & Market

8. Eastern Europe

Eastern Europe: Market Size & Environment

Eastern Europe: Demand by Product & Market

Russia

Russia: Market Size & Environment

Russia: Demand by Product & Market

Other Eastern Europe

Other Eastern Europe: Market Size & Environment

Other Eastern Europe: Demand by Product & Market

9. Asia/Pacific

Asia/Pacific: Market Size & Environment

Asia/Pacific: Demand by Product & Market

China

China: Market Size & Environment

China: Demand by Product & Market

India

India: Market Size & Environment

India: Demand by Product & Market

Japan

Japan: Market Size & Environment

Japan: Demand by Product & Market

South Korea

South Korea: Market Size & Environment

South Korea: Demand by Product & Market

Australia

Australia: Market Size & Environment

Australia: Demand by Product & Market

Thailand

Thailand: Market Size & Environment

Thailand: Demand by Product & Market

Indonesia

Indonesia: Market Size & Environment

Indonesia: Demand by Product & Market

Other Asia/Pacific

Other Asia/Pacific: Market Size & Environment

Other Asia/Pacific: Demand by Product & Market

10. Africa/Mideast

Africa/Mideast: Market Size & Environment

Africa/Mideast: Demand by Product & Market

Turkey

Turkey: Market Size & Environment

Turkey: Demand by Product & Market

Other Africa/Mideast

Other Africa/Mideast: Market Size & Environment

Other Africa/Mideast: Demand by Product & Market

11. Industry Structure

Key Findings & Industry Composition

Market Share

Mergers, Acquisitions, & Industry Restructuring

12. Appendix

Scope

Definitions

Abbreviations

Methodology

Related Studies & Reports

Country Lists by Region

Macroeconomic Assumptions

Global Economic Outlook

Global Manufacturing Outlook


List of Tables

2. Global Market Overview

Table 2-1 | Global Electric Power Transformer & Distribution Equipment Demand by Region, 2008 - 2023 (million dollars)

Table 2-2 | Global Electric Power Generation by Region, 2008 - 2023 (billion kilowatt hours)

Table 2-3 | New HVDC Lines Planned Through 2023 by Region

3. Products

Table 3-1 | Global Electric Power Transmission & Distribution Equipment Demand by Product, 2008 - 2023 (million dollars)

Table 3-2 | Global Transformer Demand by Type & Region, 2008 - 2023 (million dollars)

Table 3-3 | Global Power Transformer Demand by Region, 2008 - 2023 (million dollars)

Table 3-4 | Global Distribution Transformer Demand by Region, 2008 - 2023 (million dollars)

Table 3-5 | Global Other Transformer Demand by Region, 2008 - 2023 (million dollars)

Table 3-6 | Global Switchgear & Switchboard Apparatus Demand by Region, 2008 - 2023 (million dollars)

4. Markets

Table 4-1 | Global Electric Power Transformer & Distribution Equipment Demand by Market, 2008 - 2023 (million dollars)

Table 4-2 | Global Electric Utility Power Transmission & Distribution Equipment Demand by Region, 2008 - 2023 (million dollars)

Table 4-3 | Global Industrial & Nonutility Generator Electric Power Transmission & Distribution Equipment Demand by Region, 2008 - 2023 (million dollars)

Table 4-4 | Global Commercial, Government, & Residential Electric Power Transmission & Distribution Equipment Demand by Region, 2008 - 2023 (million dollars)

5. North America

Table 5-1 | North America: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 5-2 | United States: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 5-3 | Canada: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million US dollars)

Table 5-4 | Mexico: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

6. Central & South America

Table 6-1 | Central & South America: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 6-2 | Brazil: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 6-3 | Other Central & South America: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

7. Western Europe

Table 7-1 | Western Europe: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 7-2 | Germany: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 7-3 | France: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 7-4 | United Kingdom: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 7-5 | Italy: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 7-6 | Spain: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 7-7 | Other Western Europe: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

8. Eastern Europe

Table 8-1 | Eastern Europe: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 8-2 | Russia: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 8-3 | Other Eastern Europe: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

9. Asia/Pacific

Table 9-1 | Asia/Pacific: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 9-2 | China: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 9-3 | India: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 9-4 | Japan: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 9-5 | South Korea: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 9-6 | Australia: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million US dollars)

Table 9-7 | Thailand: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 9-8 | Indonesia: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 9-9 | Other Asia/Pacific: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

10. Africa/Mideast

Table 10-1 | Africa/Mideast: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 10-2 | Turkey: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

Table 10-3 | Other Africa/Mideast: Electric Power Transmission & Distribution Equipment Demand by Product & Market, 2008 - 2023 (million dollars)

11. Industry Structure

Table 11-1 | Global Electric Power Transmission & Distribution Equipment Sales by Company, 2018 (million dollars)

Table 11-2 | Selected Mergers & Acquisitions

12. Appendix

Table 12-1 | Relevant HS Codes

Table 12-2 | Relevant NAICS & SIC Codes

Table 12-3 | Relevant NACE Codes

Table 12-4 | Abbreviations & Acronyms Used in This Report

Table 12-5 | Countries in North America

Table 12-6 | Countries in Central & South America

Table 12-7 | Countries in Western Europe

Table 12-8 | Countries in Eastern Europe

Table 12-9 | Countries in the Asia/Pacific Region

Table 12-10 | Countries in the Africa/Mideast Region

Table 12-11 | Global Gross Domestic Product by Region & Country, 2008 - 2023 (billion 2017 dollars)

Table 12-12 | Global Manufacturing Value Added by Region & Country, 2008 - 2023 (billion 2017 dollars)


List of Figures

1. Market Brief

Figure 1-1| Global Electric Power Transmission & Distribution Equipment Market

2. Global Market Overview

Figure 2-1| Global Electric Power Transmission & Distribution Equipment Demand Share by Region, 2018 (billion dollars)

3. Products

Figure 3-1| Global Electric Power Transmission & Distribution Equipment Demand Share by Product, 2018 (billion dollars)

4. Markets

Figure 4-1 | Global Electric Power Transmission & Distribution Equipment Demand Share by Market, 2018 (billion dollars)

5. North America

Figure 5-1 | North America: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 5-2 | United States: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 5-3 | Canada: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million US dollars)

Figure 5-4 | Mexico: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

6. Central & South America

Figure 6-1 | Central & South America: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 6-2 | Brazil: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 6-3 | Other Central & South America: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

7. Western Europe

Figure 7-1 | Western Europe: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 7-2 | Germany: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 7-3 | France: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 7-4 | United Kingdom: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 7-5 | Italy: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 7-6 | Spain: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 7-7 | Other Western Europe: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

8. Eastern Europe

Figure 8-1 | Eastern Europe: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 8-2 | Russia: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 8-3 | Other Eastern Europe: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

9. Asia/Pacific

Figure 9-1 | Asia/Pacific: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 9-2 | China: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 9-3 | India: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 9-4 | Japan: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 9-5 | South Korea: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 9-6 | Australia: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million US dollars)

Figure 9-7 | Thailand: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 9-8 | Indonesia: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 9-9 | Other Asia/Pacific: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

10. Africa/Mideast

Figure 10-1 | Africa/Mideast: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 10-2 | Turkey: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

Figure 10-3 | Other Africa/Mideast: Electric Power Transmission & Distribution Equipment Demand, 2004 - 2018 (million dollars)

11. Industry Structure

Figure 11-1 | Global Electric Power Transmission & Distribution Market Share by Company, 2018 (billion dollars)

12. Appendix


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