New Report from ABS Energy Research Reveals Surge in Global Transmission and Distribution Market
ABS Energy Research reports that the transmission and distribution market saw tremendous growth in 2007 and should see similar figures until 2012.
London, UK (PRWEB) April 2, 2008 -- The newly released 7th Edition of the ABS T&D Report from ABS Energy Research states that the global transmission and distribution (T&D) market surged in 2007 and should remain strong for the next five years.
“The years 2006 and 2007 were significant for the world T&D industry and in the future they may well be seen as a milestone in the industry’s history,” says Euan Blauvelt, Research Director of ABS.
ABS estimates the total 2007 T&D equipment market at US$90.5 billion (2007 dollars) for the eight segments of equipment and services, including products and systems. Total capital expenditure including labour and all other finance and construction elements is $154.6 billion. The estimate for the higher technology market of transformers, switchgear, insulators, utility automation and power systems, excluding two product groups of cables and lines, is $62 billion, compared to $54 billion in 2006.
At 39 percent, or $35 billion, Asia has the largest share of the total of product/business sales in 2007, followed by Europe with 23 percent ($20.9 billion) and North America with 15 percent ($13.8 billion).
At the same time, the report notes increases in transmission expenditure allocations to replace aging assets. The combined T&D capital expenditure of China, India, France, Germany, the U.K. and the U.S. increased 10.9 percent, from $59.7 billion in 2006 to $65.2 billion in 2007.
ABS forecasts that after this surge the total global T&D market will grow 6-7 percent annually in current values until 2012, with inflation of 2-4 percent, with higher growth in some segments.
According to ABS, two factors account for the optimistic outlook for the T&D industry. Higher levels of capital expenditure investment have been sanctioned in industrialized countries to address aging infrastructure, on average rising 24 to 30 percent, to be continued for some years. At the same time, a huge surge in authorised T&D investment has taken place in China. Industry leaders, long present in China, are now intensifying their efforts there.
For more information on ABS Energy Research or to purchase the 458-page transmission and distribution report, visit www.ABSEnergyResearch.com.
Contact:
Melany Krangle
melanykrangle @ absenergyresearch.com
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