1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power Market Trends

US Electric Power Transmission & Distribution Equipment Market

  • February 2015
  • 318 pages
  • Freedonia
Report ID: 2682226

Summary

Table of Contents

US demand to rise 5.2% annually through 2019

US demand for electric power transmission and distribution (T&D) equipment is expected to rise 5.5 percent annually through 2019 to $33.4 billion. Growth in electricity generation by independent power producers (IPPs) and nonutility generators (NUGs), as well as greater electrical output utilizing renewable resources, will result in increased product sales, since these operations need to be appropriately equipped to deliver power to the electric grid. Furthermore, efforts to modernize the electric grid and improve efficiency and reliability will support market advances via the incorporation of “smart” technologies that provide a number of advantages, but also cost considerably more than conventional equipment.

IPPs & NUGs to drive growth in largest markets

The largest markets for electric power T&D equipment are the electric utility and industrial sectors. In 2014, electric utilities accounted for just over half of total demand, with the industrial sector -- including NUGs -- representing an additional one-third of the industry. Growth in these markets through 2019 will be supported by increasing electricity generation by IPPs and NUGs, which will require heavy investment by these firms to protect sensitive industrial machinery and connect new facilities to the grid. In addition, rising electric utility equipment spending will provide sales growth opportunities -- even though these increases will moderate from the strong pace of the past decade. The much smaller residential electric power T&D equipment market will post the fastest gains through 2019 as residential construction continues its recovery from 2009 lows and updates to the National Electric Code favor more advanced and more expensive arc-fault circuit interrupters. In contrast, the commercial, and government and institutional markets will post below average increases, with the latter expanding the slowest due to ongoing efforts to reduce budget deficits.

Advanced meters to record strongest demand gains

Advanced metering infrastructure meters are forecast to record the strongest demand gains of any electric power T&D equipment product. Suppliers will benefit from the ongoing development of the “smart grid” and related sales of “smart meters.” The ability of these meters to automatically read electricity inflows and outflows, which are necessary for participation in distributed generation and net metering programs, will also boost product demand. Sales of power circuit breakers, metal-clad and metal-enclosed switchgear, and molded case circuit breakers, as well as power and nonutility transformers, will also grow through 2019 as the industrial and NUG market continues to expand.

Growth in US shipments to slightly lag demand

US shipments of electric power T&D equipment are projected to climb 4.7 percent per year through 2019 to $27.4 billion. The US has historically been a net importer of these products, and the country’s trade deficit in electric power T&D equipment will rise through 2019, when it will be equivalent to 15 percent of domestic demand. Canada and Mexico are both significant markets for US exports and important foreign sources of supply. However, the best export opportunities for US manufacturers will likely be in developing countries in Asia and South America, as these areas continue to build their electricity infrastructure.

Study coverage

This upcoming industry study, Electric Power Transmission & Distribution Equipment, presents historical demand data (2004, 2009 and 2014) plus forecasts (2019 and 2024) by product and market. The study also considers key market environment factors, evaluates company market share, and profiles 34 industry competitors.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Power Bank Market by Capacity Range, Number of USB Port, Energy Source, Battery Type, Application, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

“Power Bank market to exhibit a high growth between 2017 and 2022” The power bank market is expected to grow at a CAGR of 21.22% between 2017 and 2022 and is likely to be valued at USD 25.16 billion ...

Electrical Power Storage Technologies for Alternative Energy Sources

  • $ 5501
  • Industry report
  • June 2017
  • by BCC Research

• The global market for alternative energy storage market reached $847 million in 2016. This market should reach $1.3 billion in 2017 and nearly $5.7 billion by 2022 under a consensus scenario at a ...

Thermal Power in Republic of Korea, Market Outlook to 2030, Update 2017 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles

  • $ 2500
  • Industry report
  • June 2017
  • by GlobalData

Thermal Power in Republic of Korea, Market Outlook to 2030, Update 2017 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles Summary "Thermal Powe ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.