Market for Electric Power Transmission and Distribution Equipment to Reach $117 Billion by 2015, According to New Report by Global Industry Analysts

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Enthused by rising per capita consumption of energy worldwide, upgradation of power transmission and distribution infrastructure (especially in developing countries), and innovation in enabling technologies, world market for Electric Power Transmission and Distribution Equipment is forecast to reach $117 billion by the year 2015.

Electric Power Transmission and Distribution Equipment: A Global Market Report

With electricity consumption waxing at a robust rate in residential, commercial and industrial end-use markets, there exists strong demand potential for electric power transmission, distribution, and generation equipments, despite the short-term challenges in store. Power generation, transmission and distribution equipments are susceptible to changes in the regulatory environment, and economic cycles. Periods of downturn in key end-markets tend to influence demand patterns. Additionally, fortunes of this industry are directly proportional to spending by utilities for expansions, replacements and efficiency improvements.

Given the market's high levels of dependence on economic health, the ongoing recession in the US economy and the slowdown in the world economy are expected to take a large bite out of the market's growth, and revenue generation. Spreading financial crises, tightening credit, and rising inflation, decreased consumer, industrial spending, postponement of electric utility upgradation programs, and shelving of new expansion and equipment purchase plans, are all expected to thwart sales of electric power transmission and distribution equipments, and services in the immediate short-term. Though, there exists a need to replace/upgrade the existing transformer units, utilities would be fraught with budget constraints, as these projects demand high capital investment. However, in the medium to long term, the market is expected to gradually recover poise with an inevitable improvement in investments in nonresidential projects and a bounce back in electric utility capital spending. Growth will be triggered to a large extent by strong government emphasis on preventing blackouts and the ensuing state and federal level intervention in developing countries to ensure continued and reliable power supply at affordable prices.

Asia-Pacific dominates the world market for electric power transmission and distribution (T&D) equipment with developing countries in Asia holding the key to future growth. Price will continue to play a decisive role in influencing the purchase decisions of end-users in most of these regions. Asia-Pacific, Africa, Commonwealth of Independent States (CIS), and Middle East, are forecast to be the fastest growing markets worldwide. Strong economic growth, coupled with rise in fixed investment spending, and rapid urbanization, have together contributed towards increasing the demand for electric power T&D equipment in these markets in recent years. Enhanced regulatory environment encouraging investment in electric grid and increase in non-utility generation are expected to provide gains in this region during the forecast period. In comparison, developed geographic markets, such as, North America and Western Europe will post below average growth, given the saturated level of access to and distribution of electricity, and national electric grid supplies.

Key players dominating the global market include ABB, Actuant Corporation, Acme Electric Corporation, AREVA T&D SA, Bharat Heavy Electricals Limited, Cooper Industries Limited, Crompton Greaves, Eaton Corporation, EGS Electrical Group, Federal Pacific Company, G&W Electric Company, GE Electric Company, Hammond Power Solutions Inc, Howard Industries Inc., Kirloskar Electric Company Limited, Larsen & Toubro Limited, Mitsubishi Electric Corporation, Powell Industries Inc., S&C Electric Company, Schneider Electric SA, and Siemens AG, among others.

The report titled "Electric Power Transmission and Distribution Equipment: A Global Market Report" published by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, market trends, issues and drivers, product overview, profiles of major players, and recent industry activity. The study quantifies latent demand potential in geographic markets, such as, United States, Europe and Asia-Pacific (Including Japan), among others.

For more details about this research report, please visit
http://www.strategyr.com/Electric_Power_Transmission_and_Distribution_Equipment_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press (at) StrategyR (dot) com
Web Site http://www.StrategyR.com

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