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Global Electrical Equipment Market for the Power Distribution Industry 2016-2020

Global Electrical Equipment Market for the Power Distribution Industry 2016-2020

About Electrical Equipments

Electrical equipment in the power industry is dependent on electric current or electromagnetic field involved in generation, transmission, and distribution of electricity. In the recent years, the transformation of the global power distribution sector through reforms and infrastructure upgrades has triggered the demand for electrical equipment. Rise in environmental concerns has led to significant growth of the renewable energy sector across utilities, residential, and commercial segments worldwide.

Technavio’s analysts forecast the global electrical equipment market for power distribution industry to grow at a CAGR of 8.9% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global electrical equipment market for power distribution industry for 2016-2020. To calculate the market size, the report estimates the demand for electrical equipment in the power distribution industry across the Americas, APAC, and EMEA.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Electrical Equipment Market for Power Distribution Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Eaton
  • Emerson Electric
  • Schneider Electric
  • Siemens
Other prominent vendors
  • Aggreko
  • Carling Technologies
  • General Electric
  • Honeywell
  • Universal Electric
  • 3M
Market driver
  • Transformation of Indian electricity sector
  • For a full, detailed list, view our report
Market challenge
  • Lack of electrical equipment manufacturing capacity in India
  • For a full, detailed list, view our report
Market trend
  • Rising cyber-attacks on power grids
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Electrical Equipment Market for Power Distribution Industry 2016-2020

Technavio recognizes the following companies as the key players in the global electrical equipment market for power distribution industry: ABB, Eaton, Emerson Electric, Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: Aggreko, Carling Technologies, General Electric, Honeywell, Universal Electric, and 3M.

Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be the delay in commissioning of power projects in India. India has a large scope for upgrading distribution networks, as the country’s T&D and AT&C losses is one of the highest in the world. India's AT&C losses stand at 22.7% and T&D losses stand at about 21.46%. Though the government had launched several schemes such as IPDS and R-APDRP in the past, implementation of power projects is delayed due to delay in transmission and sub-transmission projects. These projects are delayed due to various reasons such as the need for environmental clearances, land acquisitions, signing of PPAs, and the high cost of finance. In addition, the DISCOMs in India are not financially strong, which is one of the key reasons for implementation of projects. Distribution is considered to be the weakest link in the value chain, with DISCOM losses mounting upto $64 billion as of March 2015. The delay in commissioning of projects or hindrances at various stages will affect the revenues of companies that are involved in the contracts.”

According to the report, growing implementation of smart grid technology will be a key driver for market growth. The global electricity sector is transforming from centralized power generation to decentralized distributed power generation. This has resulted in transformation of customers into prosumers. A prosumer consumes as well as generates power, which will be supplied to the grid. In the recent years, rooftop PV has emerged as one of the fastest growing renewable energy technology in the world. Policies at state and federal levels have encouraged widespread deployment of distribution systems.

Further, the report states that damage to distribution systems due to grid instability will be a major challenge for the market. The majority of current distribution systems across the world is prone to grid failures due to aging infrastructure. The growing environmental concerns across countries have triggered massive deployment of renewables. However, renewable energy is intermittent in nature and the energy storage facilities are in the developing phase. As existing grid infrastructures are not adequate to integrate renewable energy, this has resulted in grid instability causing grid failures.

Companies Mentioned

ABB, Eaton, Emerson Electric, Schneider Electric, Siemens, Aggreko, Carling Technologies, General Electric, Honeywell, Universal Electric, 3M.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Global investment in various segments of power sector 2014-2035
  • Market landscape
    • Market overview
      • Table Overview of global electrical equipment market for power distribution industry
    • Market size and forecast
      • Table Global electrical equipment market for power distribution industry 2015-2020 ($ billions)
      • Table Investments and distribution lines in global power distribution sector 2014-2035
      • Table Share of global investments in transmission and distribution sectors 2014-2035
    • Five forces analysis
      • Table Five forces analysis
  • Market drivers
    • Transformation of Indian electricity sector
      • Table AT&C and T&D losses of major global economies as of 2013
      • Table AT&C losses of India 2010-2014
    • Growing implementation of smart grid technology
      • Table Global smart grid evolution
      • Table Various operational stages of smart grids
    • Increased demand for upgrade of distribution systems
      • Table Investment in distribution segment 2014-2035 ($ billions)
      • Table Global investment type in distribution segment 2014-2035 ($ billions)
    • Microgrid development projects in Southeast Asia and Africa
      • Table Energy use pattern of Pwani Region in Tanzania
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Lack of electrical equipment manufacturing capacity in India
      • Table Electrical equipment import share by Chinese manufacturers 2013-2014
      • Table Major Indian cities and states that have awarded SCADA contracts to Chinese firms
    • High cost of upgrading distribution networks and weak financial health of DISCOMs
      • Table Minimum construction cost of distribution network per mile in US ($ millions)
      • Table Maximum construction cost of distribution network per mile in US ($ millions)
    • Damage to distribution systems due to grid instability
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Rising cyber attacks on power grids
    • Delay in commissioning of power projects in India
  • Market segmentation by equipment
    • Global electrical equipment market for power distribution industry by equipment
      • Table Segmentation of global electrical equipment market for power distribution industry by equipment 2015 and 2020
    • Switchgear
      • Table Global electrical equipment market for power distribution industry by switchgear 2015-2020 ($ billions)
    • Power cables
      • Table Global electrical equipment market for power distribution industry by power cables 2015-2020 ($ billions)
      • Table Global HTS power cable projects
      • Table Distribution line additions and refurbishments 2014-2035 (in km)
    • Distribution transformers
      • Table Global electrical equipment market for power distribution industry by distribution transformers 2015-2020 ($ billions)
      • Table Villages electrified in India from 2003 to 2015
    • Smart meters
      • Table Global electrical equipment market for power distribution industry by smart meters 2015-2020 ($ billions)
      • Table Smart meter installations in US 2007-2014
  • Geographical segmentation
    • Global electrical equipment market for power distribution industry by geography
      • Table Overview of geographical segmentation 2015-2020
    • Electrical equipment market for power distribution industry in APAC
      • Table Electrical equipment market for power distribution industry in APAC 2015-2020 ($ billions)
      • Table Estimated distribution lines in APAC 2014-2035 (in km)
      • Table Estimated investments in distribution in APAC 2014-2035 ($ billions)
      • Table Villages and households electrified in India 2015 (%)
    • Electrical equipment market for power distribution industry in EMEA
      • Table Electrical equipment market for power distribution industry in EMEA 2015-2020 ($ billions)
      • Table Estimated investments in distribution sector in EMEA 2014-2035 ($ billions)
      • Table Electrification rate by country in Africa
    • Electrical equipment market for power distribution industry in Americas
      • Table Electrical equipment market for power distribution industry in Americas 2015-2020 ($ billions)
      • Table Annual residential solar PV installations in US 2010-2015 (GW)
      • Table Estimated investment and distribution lines 2014-2035
      • Table Expected investments in distribution sector of Latin America and Brazil 2014-2035 ($ billions)
      • Table Expected total distribution line length in Latin America and Brazil 2014-2035 (in km)
  • Vendor landscape
    • Competitive landscape
      • Table Geographical presence of vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ABB
    • Eaton
    • Emerson Electric
    • Schneider Electric
    • Siemens
  • Appendix
    • List of abbreviations
  • Explore Technavio

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