Electric Power Transmission & Distribution Equipment

As Quoted In Rubber & Plastics News

Growth in electricity generation by IPPs and NUGs, as well as greater electrical output using renewable resources, will boost sales as these operations are added to the electric grid.

US demand to rise 5.5% annually through 2019

US demand for electric power transmission and distribution (T&D) equipment is expected to rise 5.5 percent annually through 2019 to $33.4 billion. Growth in electricity generation by independent power producers (IPPs) and nonutility generators (NUGs), as well as greater electrical output using renewable resources, will result in increased product sales, since these operations need to be appropriately equipped to deliver power to the electric grid. Furthermore, efforts to modernize the electric grid and to improve efficiency and reliability will support market advances via the incorporation of “smart” technologies that provide a number of advantages over, but also cost considerably more than, conventional equipment.

Two-way meters to be fastest growing segment

Advanced metering infrastructure meters (those featuring two-way communication) are forecast to record the strongest demand gains of any electric power T&D equipment product. Suppliers will benefit from the ongoing development of the “smart grid” and related sales of “smart meters.” The ability of these meters to provide automated readings on elec-tricity inflows and outflows, which are necessary for participation in distributed generation and net metering programs, will also boost product demand. Sales of power circuit breakers, metal-clad and metal-enclosed switchgear, and molded case circuit breakers, as well as power and nonutility transformers, will benefit from the expansion of the industrial and NUG market.

Residential market to see most rapid growth

The largest and most traditional markets for electric power T&D equipment are the electric utilities and industrial sectors. In 2014, electric utilities accounted for 53 percent of total demand, with the industrial sector -- including NUGs -- representing an additional 32 percent. Growth in these markets will be supported by increasing electricity generation by IPPs and NUGs, which will require heavy investment by these firms to protect sensitive industrial machinery and to connect new facilities to the grid. In addition, rising spending by electric utilities will provide opportunities, even though these increases will moderate from the strong pace of the past decade.

The much smaller residential electric power T&D equipment market will register the fastest gains through 2019 as residential construction continues its recovery from 2009 lows and updates to the National Electric Code lead to greater use of more advanced, but also more expensive, arc-fault circuit interrupters. In contrast, both the commercial and the government and institutional markets will post below average increases, with the latter expanding the slowest.

Study coverage

This Freedonia industry study analyzes the US electric power transmission & distribution equipment industry. It presents historical demand data (2004, 2009 and 2014) and forecasts for 2019 and 2024 by product (e.g., switchgear and switchboard apparatus, transformers, electric meters, pole and transmission line hardware) and market (e.g., 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 34 industry competitors, including Eaton, Siemens, and ABB.

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Purchase Electric Power Transmission & Distribution Equipment by the Section

  1. Electric Power Transmission & Distribution Equipment

    $5,300.00

    1. 1 INTRODUCTION

      $128.00

    2. 2 EXECUTIVE SUMMARY

      $136.00

      1. Table | ELECTRIC POWER TRANSMISSION & DISTRIBUTION EQUIPMENT SUPPLY & DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,886.00

      1. 3.1 General

        $94.00

      2. 3.2 Macroeconomic Environment

        $233.00

        1. Table | MACROECONOMIC INDICATORS

      3. 3.3 Fixed Investment

        $105.00

        1. Table | NONRESIDENTIAL FIXED INVESTMENT EXPENDITURES

      4. 3.4 Construction Outlook

        $141.00

        1. Table | CONSTRUCTION EXPENDITURES

      5. 3.5 Electricity Generation

        $198.00

        1. Table | ELECTRICITY GENERATION BY GENERATOR & FUEL TYPE

        2. 3.5.1 Generator

          $82.00

        3. 3.5.2 Fuel Type

          $96.00

      6. 3.6 Electric Generating Capacity

        $127.00

        1. Table | ELECTRIC GENERATING CAPACITY

      7. 3.7 Electric Power Transmission & Distribution System

        $82.00

        1. CHART II-1 ELECTRIC POWER TRANSMISSION & DISTRIBUTION SYSTEM

      8. 3.8 Electricity Consumption

        $92.00

        1. Table | ELECTRICITY DEMAND BY END USER

      9. 3.9 Electric Power Equipment

        $109.00

        1. Table | ELECTRIC POWER EQUIPMENT DEMAND

      10. 3.10 Historical Market Trends

        $134.00

        1. Table | ELECTRIC POWER T&D EQUIPMENT MARKET, 2004-2014

        2. CHART II-2 ELECTRIC POWER T&D EQUIPMENT MARKET, 2004-2014

      11. 3.11 Pricing Trends

        $148.00

        1. Table | ELECTRIC POWER T&D EQUIPMENT PRICE DEFLATORS

        2. CHART II-3 ELECTRIC POWER T&D EQUIPMENT PRICING PATTERNS, 2004-2024

      12. 3.12 International Environment

        $433.00

        1. 3.12.1 World Market

          $102.00

          1. Table | WORLD ELECTRIC POWER T&D EQUIPMENT DEMAND

        2. 3.12.2 US Foreign Trade

          $251.00

          1. Table | FOREIGN TRADE IN ELECTRIC POWER T&D EQUIPMENT

          2. Table | US ELECTRIC POWER T&D EQUIPMENT IMPORTS BY SOURCE, 2004-2014

          3. CHART II-4 US ELECTRIC POWER T&D EQUIPMENT IMPORTS BY SOURCE, 2014

          4. Table | US ELECTRIC POWER T&D EQUIPMENT EXPORTS BY DESTINATION, 2004-2014

          5. CHART II-5 US ELECTRIC POWER T&D EQUIPMENT EXPORTS BY DESTINATION, 2014

    4. 4 REGULATIONS & TECHNOLOGY

      $1,513.00

      1. 4.1 General

        $82.00

      2. 4.2 Regulations & Standards

        $947.00

        1. 4.2.1 Electric Utility Deregulation

          $652.00

          1. CHART III-1 STATUS OF RETAIL ELECTRIC UTILITY DEREGULATION, 2014

          2. CHART III-2 NET METERING CUSTOMERS, 2004-2014

          3. Table | STATE RENEWABLE ENERGY PORTFOLIO STANDARDS & GOALS

        2. 4.2.2 Environmental

          $162.00

        3. 4.2.3 Other

          $113.00

      3. 4.3 Technology

        $525.00

        1. 4.3.1 Smart Grid

          $109.00

        2. 4.3.2 Arc-Fault Circuit Interrupters

          $82.00

        3. 4.3.3 Amorphous Core Transformers

          $82.00

        4. 4.3.4 New Transformer Core Shapes

          $82.00

        5. 4.3.5 Variable Frequency Transformers

          $82.00

        6. 4.3.6 Sulfur Hexafluoride Emissions Reductions

          $82.00

        7. 4.3.7 High Temperature Superconducting Equipment

          $82.00

        8. 4.3.8 Other

          $82.00

    5. 5 PRODUCTS

      $3,172.00

      1. 5.1 General

        $139.00

        1. Table | ELECTRIC POWER T&D EQUIPMENT SUPPLY & DEMAND

        2. CHART IV-1 ELECTRIC POWER T&D EQUIPMENT DEMAND BY TYPE, 2004-2024

      2. 5.2 Switchgear & Switchboard Apparatus

        $1,408.00

        1. Table | SWITCHGEAR & SWITCHBOARD APPARATUS SUPPLY & DEMAND

        2. CHART IV-2 SWITCHGEAR & SWITCHBOARD APPARATUS DEMAND BY TYPE, 2014

        3. 5.2.1 Low Voltage Switchgear

          $118.00

          1. Table | LOW VOLTAGE SWITCHGEAR SUPPLY & DEMAND

        4. 5.2.2 Metal-Clad & Metal-Enclosed Switchgear

          $107.00

          1. Table | METAL-CLAD & METAL-ENCLOSED SWITCHGEAR SUPPLY & DEMAND

        5. 5.2.3 Power Circuit Breakers

          $132.00

          1. Table | POWER CIRCUIT BREAKER SUPPLY & DEMAND

        6. 5.2.4 Molded Case Circuit Breakers

          $280.00

          1. Table | MOLDED CASE CIRCUIT BREAKER SUPPLY & DEMAND

          2. Table | CONSTRUCTION-RELATED MCCB DEMAND

        7. 5.2.5 Power Switching Equipment

          $82.00

          1. Table | POWER SWITCHING EQUIPMENT SUPPLY & DEMAND

        8. 5.2.6 Fuses & Fuse Equipment

          $176.00

          1. Table | FUSE & FUSE EQUIPMENT SUPPLY & DEMAND

        9. 5.2.7 Duct

          $82.00

          1. Table | DUCT SUPPLY & DEMAND

        10. 5.2.8 Switchgear Relays

          $130.00

          1. Table | SWITCHGEAR RELAY SUPPLY & DEMAND

        11. 5.2.9 Other

          $157.00

          1. Table | OTHER SWITCHGEAR SUPPLY & DEMAND

      3. 5.3 Transformers

        $1,238.00

        1. Table | TRANSFORMER SUPPLY & DEMAND

        2. CHART IV-3 TRANSFORMER DEMAND BY TYPE, 2014

        3. 5.3.1 Power

          $366.00

          1. Table | POWER TRANSFORMER SUPPLY & DEMAND

        4. 5.3.2 Distribution

          $286.00

          1. Table | DISTRIBUTION TRANSFORMER SUPPLY & DEMAND

        5. 5.3.3 Specialty

          $219.00

          1. Table | SPECIALTY TRANSFORMER SUPPLY & DEMAND

        6. 5.3.4 Nonutility

          $93.00

          1. Table | NONUTILITY TRANSFORMER SUPPLY & DEMAND

        7. 5.3.5 Other Transformers & Parts

          $89.00

          1. Table | OTHER TRANSFORMER & PART SUPPLY & DEMAND

      4. 5.4 Electric Meters

        $254.00

        1. Table | ELECTRIC METER SUPPLY & DEMAND

        2. 5.4.1 Demand by Technology

          $93.00

        3. 5.4.2 Demand by Type

          $82.00

      5. 5.5 Pole & Transmission Line Hardware

        $133.00

        1. Table | POLE & TRANSMISSION LINE HARDWARE SUPPLY & DEMAND

    6. 6 MARKETS

      $1,602.00

      1. 6.1 General

        $102.00

        1. Table | ELECTRIC POWER T&D EQUIPMENT DEMAND BY MARKET

        2. CHART V-1 ELECTRIC POWER T&D EQUIPMENT DEMAND BY MARKET, 2004-2024

      2. 6.2 Electric Utilities

        $315.00

        1. 6.2.1 Electric Utilities Outlook

          $144.00

          1. Table | ELECTRIC UTILITY INDICATORS

        2. 6.2.2 Electric Power Transmission & Distribution Equipment Demand

          $141.00

          1. Table | ELECTRIC UTILITIES MARKET FOR ELECTRIC POWER T&D EQUIPMENT

          2. CHART V-2 ELECTRIC UTILITIES MARKET FOR ELECTRIC POWER T&D EQUIPMENT, 2004-2024

      3. 6.3 Industrial & Nonutility Generators

        $481.00

        1. 6.3.1 Manufacturing & Nonutility Generation Outlook

          $283.00

          1. Table | INDUSTRIAL & NONUTILITY GENERATOR SECTOR INDICATORS

        2. 6.3.2 Electric Power Transmission & Distribution Equipment Demand

          $155.00

          1. Table | INDUSTRIAL & NONUTILITY GENERATOR MARKET FOR ELECTRIC POWER T&D EQUIPMENT

          2. CHART V-3 INDUSTRIAL & NONUTILITY GENERATOR MARKET FOR ELECTRIC POWER T&D EQUIPMENT, 2004-2024

      4. 6.4 Commercial Sector

        $233.00

        1. 6.4.1 Commercial Sector Outlook

          $82.00

          1. Table | COMMERCIAL INDICATORS

        2. 6.4.2 Electric Power Transmission & Distribution Equipment Demand

          $120.00

          1. Table | COMMERCIAL MARKET FOR ELECTRIC POWER T&D EQUIPMENT

          2. CHART V-4 COMMERCIAL MARKET FOR ELECTRIC POWER T&D EQUIPMENT, 2004-2024

      5. 6.5 Residential Sector

        $267.00

        1. 6.5.1 Residential Sector Outlook

          $150.00

          1. Table | RESIDENTIAL INDICATORS

        2. 6.5.2 Electric Power Transmission & Distribution Equipment Demand

          $85.00

          1. Table | RESIDENTIAL MARKET FOR ELECTRIC POWER T&D EQUIPMENT

          2. CHART V-5 RESIDENTIAL MARKET FOR ELECTRIC POWER T&D EQUIPMENT, 2004-2024

      6. 6.6 Government & Institutions

        $204.00

        1. 6.6.1 Government & Institutions Outlook

          $85.00

          1. Table | GOVERNMENT EXPENDITURES & INVESTMENT

        2. 6.6.2 Electric Power Transmission & Distribution Equipment Demand

          $93.00

          1. Table | GOVERNMENT & INSTITUTIONAL MARKET FOR ELECTRIC POWER T&D EQUIPMENT

          2. CHART V-6 GOVERNMENT & INSTITUTIONAL MARKET FOR ELECTRIC POWER T&D EQUIPMENT, 2004-2024

    7. 7 INDUSTRY STRUCTURE

      $5,333.00

      1. 7.1 General

        $121.00

        1. Table | ELECTRIC POWER T&D EQUIPMENT SALES BY COMPANY, 2014

      2. 7.2 Market Share

        $227.00

        1. CHART VI-1 ELECTRIC POWER T&D EQUIPMENT MARKET SHARE, 2014

      3. 7.3 Product Development

        $183.00

      4. 7.4 Manufacturing

        $82.00

      5. 7.5 Marketing & Distribution

        $115.00

      6. 7.6 Cooperative Agreements

        $144.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      7. 7.7 Mergers & Acquisitions

        $86.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      8. 7.8 Company Profiles

        $5,333.00

        1. 7.8.1 ABB Limited

          $286.00

        2. 7.8.2 Alstom SA

          $159.00

        3. 7.8.3 American Superconductor Corporation

          $82.00

        4. 7.8.4 AZZ Incorporated

          $156.00

        5. 7.8.5 Basler Electric Company

          $82.00

        6. 7.8.6 Carling Technologies Incorporated

          $115.00

        7. 7.8.7 Central Moloney Incorporated

          $82.00

        8. 7.8.8 Crompton Greaves Limited

          $82.00

        9. 7.8.9 Eaton Corporation plc

          $447.00

        10. 7.8.10 Electro-Mechanical Corporation

          $143.00

        11. 7.8.11 G&W Electric Company

          $122.00

        12. 7.8.12 General Electric Company

          $440.00

        13. 7.8.13 Hammond Power Solutions Incorporated

          $147.00

        14. 7.8.14 Hitachi Limited

          $160.00

        15. 7.8.15 Howard Industries Incorporated

          $113.00

        16. 7.8.16 Hubbell Incorporated

          $243.00

        17. 7.8.17 Itron Incorporated

          $133.00

        18. 7.8.18 Kohler Company

          $82.00

        19. 7.8.19 LAPP Insulators Holding GmbH

          $88.00

        20. 7.8.20 Littelfuse Incorporated

          $112.00

        21. 7.8.21 Melrose Industries plc

          $196.00

        22. 7.8.22 Mersen SA

          $125.00

        23. 7.8.23 Mitsubishi Electric Corporation

          $93.00

        24. 7.8.24 Panasonic Corporation

          $82.00

        25. 7.8.25 Powell Industries Incorporated

          $160.00

        26. 7.8.26 Power Products LLC

          $201.00

        27. 7.8.27 Royal Philips NV

          $96.00

        28. 7.8.28 S&C Electric Company

          $204.00

        29. 7.8.29 Schneider Electric SA

          $236.00

        30. 7.8.30 Sensus USA Incorporated

          $82.00

        31. 7.8.31 Siemens AG

          $261.00

        32. 7.8.32 SPX Corporation

          $178.00

        33. 7.8.33 TE Connectivity Limited

          $88.00

        34. 7.8.34 Toshiba Corporation

          $225.00

      9. 7.9 Additional Companies in Electric Power Transmission & Distribution Equipment

        $82.00

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