The report
“World Electric Power Transmission & Distribution
Equipment to 2017” by Freedonia
Group is now available at RnRMarketResearch.com.com. Contact sales@rnrmarketresearch.com with report name in subject
line and your contact details to purchase this report or get your questions
answered.
World demand to rise 6.7% annually
through 2017
Global
demand for electric transmission and distribution equipment is forecast to rise
6.7 percent per year to nearly $178 billion in 2017. Sales growth will
accelerate relative to the 2007-2012 period, aided by both continued strong
growth in electricity consumption in developing regions and economic recovery
in developed countries. China, which accounted for 32 percent of global demand
in 2012, will continue to be the largest and fastest growing national market
for electric transmission and distribution equipment.
Offshore wind turbines to boost
niche market demand
Offshore
wind power installations are becoming increasingly common, especially in the
North Sea. Such projects consume a variety of electric transmission and
distribution equipment, including power transformers and distribution
transformers. Offshore wind projects also commonly are linked to high voltage
direct current (HVDC) transmission lines, which consume specialized
transformers and advanced switchgear.
Complete report available @ http://www.rnrmarketresearch.com/world-electric-power-transmission-distribution-equipment-to-2017-market-report.html
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Industrial, nonutility markets to
outpace electric utilities in developed areas
At the
global level, gains in demand in the key electric utilities market will be
similar to gains in the industrial and nonutility generators market. However,
these markets will typically exhibit different trends in developed regions than
in developing regions. In developed areas, particularly North America and
Western Europe, gains are expected to be fastest for industrial and nonutility
generators, as independent power producers (IPPs) flourish. In developing
regions, investment in large-scale expansion of basic electrification
infrastructure will drive above-average gains in the electric utilities market,
although liberalization of electricity sectors will also benefit electric
transmission and distribution demand in the industrial and nonutility segment.
Asia/Pacific region to remain
fastest growing market
The
Asia/Pacific region, led by China, will continue to post the fastest gains in
consumption of electric transmission and distribution equipment. India and
Indonesia will also see rapid increases, ranking second and third,
respectively, for projected demand growth through 2017. These countries will
benefit from both expansion of basic electrification infrastructure and
increased electricity consumption in their industrial and manufacturing
sectors. Japan, which held the world’s fourth largest market for electric
transmission and distribution equipment in 2012, will see improved gains
through 2017, though growth will continue to be well below the regional
average.
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In North
America and Western Europe, advances will be driven by increasing proliferation
of renewable energy projects, which will require significant quantities of
electric transmission and distribution equipment in order to integrate with
electric grids. In Western Europe, investment in electric transmission and
distribution equipment will be driven by the need to connect new energy sources
to meet the aggressive renewable energy targets set by the EU for 2020.
Company Profiles
Profiles
global players such as ABB, Alstom, Hitachi, Mitsubishi Electric, Schneider
Electric and Siemens
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copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=117191
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