Abstract
Demand in China to rise 10% yearly through 2013
Demand for electric power transmission and distribution equipment in China is
projected to advance at a 10.0 percent annual rate to ¥288 billion in 2013.
Growth in electricity consumption will drive investment in electric power grid
construction and capacity installation, in turn supporting related electric
power transmission and distribution equipment sales. Expansion in construction
activity (especially in the industrial sector) will both contribute to
increases in such investment due to rising electricity consumption and provide
new opportunities for direct product sales. Replacement and improvement of
existing electric power transmission and distribution equipment will also
boost increases.
Transformer products to see strongest growth
Sales of transformer products will see the strongest growth, with demand
increasing 10.5 percent per annum through 2013. Gains will be supported by
efforts to provide more stable and reliable electricity transmission and
distribution. Demand for switchgear products will continue to account for the
largest share of the total electric power transmission and distribution
equipment market. Sales of meters are forecast to climb 9.4 percent annually,
roughly in line with those of pole and transmission line hardware products.
Industrial market to register most rapid gains
Electric utilities will continue to represent the largest market for electric
power transmission and distribution equipment, accounting for 52 percent of
overall demand in 2013. Gains will be derived from expanding electric
utilities investment in new electric generating capacity and power grid
construction. The industrial market segment (including industrial
cogenerators) will register the strongest gains through 2013. Growth will be
fueled by increases in industrial construction and rising use of electrical
and electronic equipment in industrial applications.
Northwest, Southwest regions to grow fastest
The Central-East is the largest regional market for electric power
transmission and distribution equipment, accounting for 38 percent of total
national demand in 2008. However, the Northwest and Southwest will register
the fastest gains in electric power transmission and distribution equipment
sales. Advances will be stimulated by increases in electric generating
capacity, electric grid investment and construction expenditures, much of
which is related to the government' s Great Western Development strategy. In
addition, the ongoing West- East Electricity Transmission project will spur
regional gains.
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