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US Electric Power Transmission & Distribution Equipment Market
LONDON, Feb. 24, 2015 /PRNewswire/ -- US demand to rise 5.2% annually through 2019 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. Download the full report: https://www.reportbuyer.com/product/2682226/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-electric-power-transmission--distribution-equipment-market-300040507.html SOURCE ReportBuyer |