Abstract
Global demand to rise 4.4% annually through 2011
World transmission and distribution electric power equipment demand is
forecast to rise 4.4 percent per year through 2011 to $105 billion. The
largest regional markets for electric power equipment will remain the
Asia/Pacific region and North America, with Western Europe also important.
While the main product categories -- transformers, and switchgear and
switchboard apparatus -- will register similar gains, certain products within
these categories will perform more favorably than others.
Industrial and commercial market to see best gains
Strongest gains in demand for electric power equipment are forecast for the
industrial and commercial sector. Demand in the electric utilities sector will
continue to see the slowest gains, a result of deregulation in the electricity
sectors in virtually all parts of the globe. Competition from industrial
cogeneration, independent power providers (IPPs) and renewable energy sources
will force utilities to become more competitive via a combination of
privatization, production cuts, and electricity purchases from IPPs and
industrial producers with surpluses.
Study coverage
It presents historical demand data for 1996, 2001 and 2006 plus forecasts for
2011 and 2016 by electric power equipment product, market, and global region,
as well as for 17 countries. This study also considers market environment
factors, assesses the industry structure, evaluates company market share and
profiles 26 industry competitors worldwide.
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