Market Report on Electric Power Transmission & Distribution Equipment

Bharat Book Bureau provides the report, on “Market Report on Electric Power Transmission & Distribution Equipment”. http://bit.ly/1NhkxZL The Electric Power study also considers key market environment factors, evaluates company market share, and profiles.

9th, Sep, 2015- Mumbai, India: Bharatbook. “Market Report on Electric Power Transmission & Distribution Equipment”. TheElectric Power on presents historical demand data (2004, 2009 and 2014) plus forecasts (2019 and 2024) by product and market.

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. http://bit.ly/1NhkxZL 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...