High Voltage Switchgear for AC Transmission Systems - Global Market Size, Segmentation and Average Pricing Analysis to 2020

Transcription

1 High Voltage Switchgear for AC Transmission Systems - Global Market Size, Segmentation and Average Pricing Analysis to 2020 Reference Code: GDPE1043MAR Publication Date: June 2012 Expansion and Upgrade of the Transmission Network to drive the High Voltage Switchgear Market In 2010, the total high voltage switchgear market stood at $XXm, and it is expected to reach $XXm in It is expected that it will surpass $XXm in 2020, growing at a compound annual growth rate (CAGR) of XX% between 2010 and The increasing population and industrialization is driving the global electricity demand necessitating the increase in installed power generation capacity. This in turn necessitates an expansion of the existing power transmission network which is expected to primarily continue driving the high voltage switch gear market in the future. The market is expected to be also driven by the need to upgrade the existing power transmission network round the world in an effort to reduce power transmission losses and to incorporate power generation from renewable sources into the grid. Global High Voltage Switchgear Market, Market Value, $m, Maket Value ($m) However, during the forecast period, Russia is expected to join them and become a promising market. The cumulative market value contribution of these three countries is expected to amount to more than XX% by During the period, cumulative high voltage switchgear market in China and the US will be over $XXm and $XXm respectively. The main driver for the growing high voltage switchgear market in China will be the new build market. A number of generation and transmission projects are already under construction and many more will enter the pipeline during the forecast period. According to the Chinese Electricity Council s investment plan, around $XX billion will be spent on grid construction by In the US, growth is expected to be driven by increased investment in T&D infrastructure and replacements. According to the Edison Electric Institute (EEI), electric utilities are planning to continue increasing their transmission investments, from approximately $XX billion in 2011 to $XX billion in In Russia, the high voltage switchgear market is expected to be driven by a need to upgrade the existing power transmission network and lay new power transmission lines. The country has big investment plans for the modernization of the existing transmission network. Under the revised investment plan for the period, the Federal Grid Company (FGC) plans to invest a total of $XX billion (from total of $XX billion) on grid infrastructure upgrades and new power transmission lines. High Voltage Switchgear Market, China and the US, Market Value (%), 2011 China Source: GlobalData, Interviews with Power Industry Professionals US China and the US: Leading Markets for High Voltage Switchgear China and the US are two leading high voltage switchgear markets globally. In 2011, China and the US respective contributions to the total global high voltage switchgear market was XX% and XX%. Rest of World Source: GlobalData, Interviews with Power Industry Professionals Page 1

2 1 Table of Contents 1 Table of Contents List of Tables List of Figures Introduction High Voltage Switchgear Market, Technical Overview High Voltage Switchgear Market, Product Description Scope of the Report GlobalData Report Guidance Global High Voltage Switchgear Market Analysis Global High Voltage Switchgear Market, Market Overview Global High Voltage Switchgear Market, Power Transmission Overview, High Voltage Switchgear Market, Drivers and Impact Analysis, Huge Investments in Transmission Infrastructure Replacement of Old Switchgears Deregulated and Competitive Electricity Market Upcoming Power Generation Projects High Voltage Switchgear Market, Restraints, Pricing Pressure Increasing Price of Raw Material Global Financial Crisis Global High Voltage Switchgear Market, Volume (in units), Global High Voltage Switchgear Market, Market Value Analysis ($m), Global High Voltage Switchgear Market, Market Share Analysis by Market Value (%) Key Market Player Analysis High Voltage Switchgear Market, Key Market Players Analysis Global High Voltage Switchgear Market, Key Countries The US, High Voltage Switchgear Market, Market Analysis The US, High Voltage Switchgear Market, Overview The US, High Voltage Switchgear Market, Regulations and Key Initiatives The US, High Voltage Switchgear Market, Power Transmission Overview, The US, High Voltage Switchgear Market, Volume (in units), The US, High Voltage Switchgear Market, Market Value Analysis ($m), The US High Voltage Switchgear Market, Average Price, $ 000/unit, The US High Voltage Switchgear Market, Key Market Players Brazil, High Voltage Switchgear Market, Market Analysis Brazil, High Voltage Switchgear Market, Overview Brazil, High Voltage Switchgear Market, Regulations and Key Initiatives Brazil, High Voltage Switchgear Market, Power Transmission Overview, Brazil, High Voltage Switchgear Market, Volume (in units), Brazil, High Voltage Switchgear Market, Market Value Analysis, ($m), Brazil, High Voltage Switchgear Market, Average Price, $ 000/unit, Brazil, High Voltage Switchgear Market, Key Market Players China, High Voltage Switchgear Market, Market Analysis China, High Voltage Switchgear Market, Overview China, High Voltage Switchgear Market, Regulations and Key Initiatives China, High Voltage Switchgear Market, Power Transmission Overview, China, High Voltage Switchgear Market, Volume (in units), China, High Voltage Switchgear Market, Market Value Analysis ($m), China, High Voltage Switchgear Market, Average Price, $ 000/unit, China, High Voltage Switchgear Market, Key Market Players India, High Voltage Switchgear Market, Market Analysis India, High Voltage Switchgear Market, Overview India, High Voltage Switchgear Market, Regulations and Key Initiatives India, High Voltage Switchgear Market, Power Transmission Overview, India, High Voltage Switchgear Market, Volume (in units), India, High Voltage Switchgear Market, Market Value Analysis, $m, India, High Voltage Switchgear Market, Average Price, $ 000/unit, India, High Voltage Switchgear Market, Key Market Players Page 2

3 5.5 The UK, High Voltage Switchgear, Market Analysis The UK, High Voltage Switchgear Market, Overview The UK, High Voltage Switchgear Market, Regulations and Key Initiatives The UK, High Voltage Switchgear Market, Power Transmission Overview, The UK, High Voltage Switchgear Market, Volume (in units), The UK, High Voltage Switchgear Market, Market Value Analysis, $m, The UK, High Voltage Switchgear Market, Average Price, $ 000/unit, The UK, High Voltage Switchgear Market, Key Market Players Russia, High Voltage Switchgear Market, Market Analysis Russia, High Voltage Switchgear Market, Overview Russia, High Voltage Switchgear Market, Regulations and Key Initiatives Russia, High Voltage Switchgear Market, Power Transmission Overview, Russia, High Voltage Switchgear Market, Volume (in units), Russia, High Voltage Switchgear Market, Market Value Analysis, $m, Russia, High Voltage Switchgear Market, Average Price, $ 000/unit, Russia, High Voltage Switchgear Market, Key Market Players Italy, High Voltage Switchgear Market, Market Analysis Italy, High Voltage Switchgear Market, Overview Italy, High Voltage Switchgear Market, Regulations and Key Initiatives Italy, High Voltage Switchgear Market, Power Transmission Overview, Italy, High Voltage Switchgear Market, Volume (in units), Italy, High Voltage Switchgear Market, Market Value Analysism, $m, Italy, High Voltage Switchgear Market, Average Price, $ 000/unit, Italy, High Voltage Switchgear Market, Key Market Players Saudi Arabia, High Voltage Switchgear Market, Market Analysis Saudi Arabia, High Voltage Switchgear Market, Overview Saudi Arabia, High Voltage Switchgear Market, Regulations and Key Initiatives Saudi Arabia, High Voltage Switchgear Market, Power Transmission Overview, Saudi Arabia, High Voltage Switchgear Market, Volume (in units), Saudi Arabia, High Voltage Switchgear Market, Market Value Analysis, $m, Saudi Arabia, High Voltage Switchgear Market, Average Price, $ 000/unit, Saudi Arabia, High Voltage Switchgear Market, Key Market Players Appendix Abbreviations Bibliography Definitions Power Installed Capacity Active Installed Capacity Electricity Generation Electricity Consumption Thermal Power Plant Hydropower Plant Nuclear Power Renewable Energy Resources Coverage Methodology Contact Us Disclaimer Page 3

4 1.1 List of Tables Table 1: Global High Voltage Switchgear Market, Transmission Capacity, MVA, Table 2: High Voltage Switchgear Market, Drivers and Impact Analysis, Table 3: High Voltage Switchgear Market, Restraints and Impact Analysis, Table 4: Global High Voltage Switchgear Market, Volume (in units), Table 5: Global High Voltage Switchgear Market, Market Value, $m, Table 6: High Voltage Switchgear Market, Global, Market Share (%) by Market Value Table 7: High Voltage Switchgear Market, the US, Transmission Capacity, MVA, Table 8: High Voltage Switchgear Market, the US, Volume (in units), Table 9: High Voltage Switchgear Market, the US, Market Value, $m, Table 10: High Voltage Switchgear Market, the US, Average Price, $ 000/unit, Table 11: High Voltage Switchgear Market, Brazil, Transmission Capacity, MVA, Table 12: High Voltage Switchgear Market, Brazil, Volume (in units), Table 13: High Voltage Switchgear Market, Brazil, Market Value, $m, Table 14: High Voltage Switchgear Market, Brazil, Average Price, $ 000/unit, Table 15: High Voltage Switchgear Market, China, Transmission Capacity, MVA, Table 16: High Voltage Switchgear Market, China, Volume (in Units), Table 17: High Voltage Switchgear Market, China, Market Value, $m, Table 18: High Voltage Switchgear Market, China, Average Price, $ 000/unit, Table 19: High Voltage Switchgear Market, India, Transmission Capacity, MVA, Table 20: High Voltage Switchgear Market, India, Volume (in units), Table 21: High Voltage Switchgear Market, India, Market Value, $m, Table 22: High Voltage Switchgear Market, India, Average Price, $ 000/unit, Table 23: High Voltage Switchgear Market, the UK, Transmission Capacity, MVA, Table 24: High Voltage Switchgear Market, the UK, Volume (in units), Table 25: High Voltage Switchgear Market, the UK, Market Value, $m, Table 26: High Voltage Switchgear Market, the UK, Average Price, $ 000/unit, Table 27: High Voltage Switchgear Market, Russia, Transmission Capacity, MVA, Table 28: High Voltage Switchgear Market, Russia, Volume (in units), Table 29: High Voltage Switchgear Market, Russia, Market Value, $m, Table 30: High Voltage Switchgear Market, Russia, Average Price, $ 000/unit, Table 31: High Voltage Switchgear Market, Italy, Transmission Capacity, MVA, Table 32: High Voltage Switchgear Market, Italy, Volume (in units), Table 33: High Voltage Switchgear Market, Italy, Market Value, $m, Table 34: High Voltage Switchgear Market, Italy, Average Price $ 000/unit, Table 35: High Voltage Switchgear Market, Saudi Arabia, Transmission Capacity, MVA, Table 36: High Voltage Switchgear Market, Saudi Arabia, Volume (in units), Table 37: High Voltage Switchgear Market, Saudi Arabia, Market Value, $m, Table 38: High Voltage Switchgear Market, Saudi Arabia, Average Price, $ 000/unit, Table 39: Abbreviations Page 4

5 1.2 List of Figures Figure 1: Global High Voltage Switchgear Market, Transmission Capacity, MVA, Figure 2: Global High Voltage Switchgear Market, Volume (in units), Figure 3: Global High Voltage Switchgear Market, Market Value, $m, Figure 4: Global High Voltage Switchgear Market, Market Share (%) by Market Value Figure 5: High Voltage Switchgear Market, the US, Transmission Capacity, MVA, Figure 6: High Voltage Switchgear Market, the US, Volume (in units), Figure 7: High Voltage Switchgear Market, the US, Market Value, $m, Figure 8: High Voltage Switchgear Market, the US, Average Price, $ 000/unit, Figure 9: High Voltage Switchgear Market, Brazil, Transmission Capacity, MVA, Figure 10: High Voltage Switchgear Market, Brazil, Volume (in units), Figure 11: High voltage switchgears Market, Brazil, Market Value, $m, Figure 12: High Voltage Switchgear Market, Brazil, Average Price, $ 000/unit, Figure 13: High Voltage Switchgear Market, China, Transmission Capacity, MVA, Figure 14: High Voltage Switchgear Market, China, Volume (in units), Figure 15: High Voltage Switchgear Market, China, Market Value, $m, Figure 16: High Voltage Switchgear Market, China, Average Price, $ 000/unit, Figure 17: High Voltage Switchgear Market, India, Transmission Capacity, MVA, Figure 18: High Voltage Switchgear Market, India, Volume (in units), Figure 19: High Voltage Switchgear Market, India, Market Value, $m, Figure 20: High Voltage Switchgear Market, India, Average Price, $ 000/unit, Figure 21: High Voltage Switchgear Market, the UK, Transmission Capacity, MVA, Figure 22: High Voltage Switchgear Market, the UK, Volume (in units), Figure 23: High Voltage Switchgear Market, the UK, Market Value ($m), Figure 24: High Voltage Switchgear Market, the UK, Average Price, $ 000/unit, Figure 25: High Voltage Switchgear Market, Russia, Transmission Capacity, MVA, Figure 26: High Voltage Switchgear Market, Russia, Volume (in units), Figure 27: High Voltage Switchgear Market, Russia, Market Value, $m, Figure 28: High Voltage Switchgear Market, Russia, Average Price, $ 000/unit, Figure 29: High Voltage Switchgear Market, Italy, Transmission Capacity, MVA, Figure 30: High Voltage Switchgear Market, Italy, Volume (in units), Figure 31: High Voltage Switchgear Market, Italy, Market Value, $m, Figure 32: High Voltage Switchgear Market, Italy, Average Price, $ 000/unit, Figure 33: High Voltage Switchgear Market, Saudi Arabia, Transmission Capacity, MVA, Figure 34: High Voltage Switchgear Market, Saudi Arabia, Volume (in units), Figure 35: High Voltage Switchgear Market, Saudi Arabia, Market Value, $m, Figure 36: High Voltage Switchgear Market, Saudi Arabia, Average Price, $ 000/unit, Page 5

6 2 Introduction 2.1 High Voltage Switchgear Market, Technical Overview The ever-growing demand for an electric power grid system to feed electricity with reliability and safety is pushing the demand for better switching devices worldwide. Today, in the deregulated energy market, power utilities are striving to improve their productivity and efficiency. Most of the existing transmission network and generating plants are operating closer to their limits. In such a scenario it becomes imperative to ensure high system availability and reliability for a continuous electricity supply with minimum damage to life, equipment and property. Overloading or short circuiting causes damage to electrical equipment and appliances. Embryonic faults may become serious if the faulty equipment is not isolated immediately after the fault is detected. It is the function of switchgear and protection systems to detect the fault and isolate the affected equipment or circuit under an operating voltage which may be several thousands of volts. Page 6

7 2.4 GlobalData Report Guidance This report begins with an executive summary capturing the key growth trends in the market for high voltage switchgear equipment used in AC transmission systems. The second chapter is the introduction, explaining the technical overview and a product description of high voltage switchgear. The third chapter discusses the global market for high voltage switchgear in terms of units sold, market value and market share analysis. It also discusses the key drivers and restraints impacting the market. The fourth chapter provides key market player analysis for the high voltage switchgear market. The fifth chapter provides an in-depth analysis of the eight key global high voltage switchgear markets- the US, Brazil, China, India, the UK, Russia, Italy and Saudi Arabia. It provides data and analysis relating to the units sold, market value and average price of high voltage switchgear in each of these countries. Page 9

8 3.6 Global High Voltage Switchgear Market, Market Value Analysis ($m), The global high voltage switchgear market, in terms of market value, has experienced varied growth over the period. During this period, the high voltage switchgear market realized a total sales value of over $XXm across the globe. In 2006, the value of high voltage switchgear sold was $XXm. This figure decreased to $XXm in From then on, a mixed trend was observed through and 2011 witnessed total sales of $XXm and $XXm respectively. In 2011, the contribution of China and the US to the total global high voltage switchgear market value was XX% and XX% respectively. The high market value in 2008 can be attributed to the demand for high voltage switchgear across many countries, which was as high as XX units. The high sales during the period can be mainly attributed to new builds resulting from the expansion of the transmission network in countries such as China and India. However, given the steady growth of transmission lines during the forecast period, the high voltage switchgear market is estimated to grow at a CAGR of XX% and realize a total sales value of $XXm. In this period, again the global high voltage switchgear market is expected to be guided by expanding transmission infrastructure in countries such as China and India. The chart below shows the global high voltage switchgear market value, from 2006 to Figure 3: Global High Voltage Switchgear Market, Market Value, $m, Market Value ($m) Source: GlobalData, Interviews with Power Industry Professionals Isolators CT CB PT LA PP Page 17

9 The table below represents the global high voltage switchgear market value, from 2006 to Table 5: Global High Voltage Switchgear Market, Market Value, $m, Years Isolators CT CB PT LA PP Total Source: GlobalData, Interviews with Power Industry Professionals Page 18

10 3.7 Global High Voltage Switchgear Market, Market Share Analysis by Market Value (%) The major players in the high voltage switchgear market are companies with a global presence such as ABB, Siemens and Alstom Grid. The two major factors which have benefited their dominance are prior experience and technological expertise in the field. However, in China and Russia, the companies like Xi'an Xd Switchgear Electric, HeNan PingGao Toshiba High-voltage Switchgear, OJSC Energomash, JSC VO Electroapparat and OJSC Power Machines have captured significant market share. In 2011, ABB claimed a market share of XX% in the global high voltage switchgear market, followed by Siemens and Alstom Grid which had a market share of XX% and XX% respectively. The remaining XX% of the market was estimated by industry experts in primary research interviews to be made up of other players such as Mitsubishi Electric Corporation, Bharat Heavy Electricals Limited, Crompton Greaves Limited, General Electric Company, ACTOM High Voltage Equipment, Eaton Corporation and Hyosung Corporation. The chart below represents the shares of major companies by market value, in the global high voltage switchgear market. Figure 4: Global High Voltage Switchgear Market, Market Share (%) by Market Value Others ABB Alstom Siemens Source: GlobalData, Interviews with Power Industry Professionals The table below shows the shares of major companies by market value, in the global high voltage switchgear market. Table 6: High Voltage Switchgear Market, Global, Market Share (%) by Market Value Company Market Share (%) ABB Siemens Alstom Others Source: GlobalData, Interviews with Power Industry Professionals Page 19

11 5.1.5 The US, High Voltage Switchgear Market, Market Value Analysis ($m), The high voltage switchgear market in the US, in terms of market value, has witnessed an unsteady trend between 2006 and During this period the high voltage switchgear market realized a total sales value of $XXm within the country. In 2008, the value of the high voltage switchgear market sold in the country was $XXm. This figure decreased to $XXm in and 2011 witnessed a total sale of $XXm and $XXm respectively. During the forecast period, the high voltage switchgear market is estimated to grow at an average annual growth rate of XX% from $XXm in 2012 to $XXm in 2020, and is expected to realize a total sales value of $XXm. The high voltage switchgear market is expected to be driven by new builds and upgrade projects. There are several large transmission projects in the pipeline such as the Northern Pass Transmission Line and the Northeast Energy Link, as well as several upcoming offshore wind power plants in the country. These new transmission systems will help to accommodate renewable sources of energy in the grid. The chart below represents the high voltage switchgear market value in the US between 2006 and Figure 7: High Voltage Switchgear Market, the US, Market Value, $m, Market Value ($m) Isolators CT CB PT LA PP Source: GlobalData, Interviews with Power Industry Professionals in the US Page 26

12 The table below represents the high voltage switchgear market value in the US between 2006 and Table 9: High Voltage Switchgear Market, the US, Market Value, $m, Isolators CT CB PT LA PP Total Source: GlobalData, Interviews with Power Industry Professionals in the US Some of the major contracts signed from 2009 to 2011 were: Ferguson Electric winning a $XXm contract in 2010 from New York Power Authority for the installation of circuit breakers in Lewiston, New York. Black and Veatch being awarded a contract in 2010, worth $XXm, by United Illuminating company for upgrade of transmission network. Siemens receiving a contract worth $XXm in 2009 from O&G Industries to provide a XX KV GIS substation in Connecticut. Page 27

13 6 Appendix 6.1 Abbreviations Table 39: Abbreviations Abbreviations Full Form AC Alternating Current ADWEA Abu Dhabi Water and Electricity Authority ANEEL Agencia Nacional de Energia Eletrica ARRA American Recovery and Reinvestment Act BEE Black Economic Empowerment CAGR Compound Annual Growth Rate Ckm Circuit kilometres EC European Commission EFYP Eleventh five year plan ECRA Electricity Services Regulatory Authority EHV Extra high voltage EPC Engineering, Procurement and Construction EPRI The Electric Power Research Institute ERCOT Electric Reliability Council of Texas EPE Empresa de Pesquisa Energetica EU European Union FACTS flexible alternating current transmission systems FERC Federal Energy Regulatory Commission FEWA Federal Electricity and Water Authority GSE Gestore Servizi Energetici kv kilovolts Ofgem Gas and Electricity Markets Authority IPP Independent power producers NDRC National Development and Reform Commission NERC North American Electric Reliability Council NERSA National Energy Regulator of Italy MVA Megavolt- Ampere RPS Renewable portfolio standards SEC Saudi Electricity Company SF6 Sulfurhexaflouride gas SEBs State electricity boards SGCC State Grid Corporation of China T&D Transmission and distribution TSOs Transmission system operators EU European Union FGC UES Federal Grid Company of Unified Energy System TFYP Twelfth five year plan UHV Ultra High Voltage UNFCCC United Nations Framework Convention on Climate Change WEC Saudi Arabia's Water and Electricity Company Source: GlobalData Page 98

14 6.2 Bibliography ABB, (2010a), ABB $34m Power equipment order in Italy. Available from: [Accessed on May 7, 2012]. ABB, (2011a), ABB to build transmission and distribution substation in Brazil. Available from: [Accessed on May 7, 2012]. ABB, (2011b), ABB wins $19 million power order in Brazil. Available from: [Accessed on May 7, 2012]. BS, (2012), PPP draft rules to attract investments. Available from: [Accessed on Apr 11, 2012]. DECC, (2011), UK, US to strengthen cooperation on clean energy. Available from: [Accessed on Apr 27, 2012]. DECC, (2011), Electricity Market Reform (EMR) White Paper Available from: spx pdf [Accessed on Apr 27, 2012]. EEI, (2010), US Industry Data on Transmission. Available from: [Accessed on Apr 17, 2012]. EPE, (2011) via Business News Americas, New transmission expansion plan in line with expectations- Brazil. Available from: [Accessed on May 12, 2012]. EU-GCC, (2011), Electricity Interconnection and Market Integration in the GCC: Available from Challenges and Opportunities, EU-GCC Clean Energy Network Discussion Groups Meeting November, 2011, Athens, Greece. [Accessed on May 15, 2012]. HHI, (2011), Hyundai Heavy Builds GIS Plant in Russia. Available from: [Accessed on May 7, 2012]. ICGI, (2008). Final report on the Indian Capital Goods Industry. Available from: [Accessed on May 5, 2012]. IMF, 2011: World Economic Outlook Databases, September Available from: [Accessed on: May 1, 2012] Tdworld, (2006), Italy's HERA Orders HV, MV Switchgear for Eight Combined Heat and Power Plants. Available from: [Accessed on May 7, 2012]. US Dept. of Energy, (2008), 20% Wind Energy by 2030 (2008). Available from: [Accessed on May 4, 2012]. U.S. EPA, (2011), SF6 Leak Rates from High voltage switchgears - Investigates Potential Greenhouse Gas Emissions Source. Available from: [Accessed on Jan 12, 2012]. Page 99

15 6.3 Definitions Power According to "Energy Information Administration" power is defined as the rate of producing, transferring, or using energy, most commonly associated with electricity. Power is measured in watts and often expressed in kilowatts (kw) or megawatts (MW) Installed Capacity According to "Energy Information Administration" installed capacity is defined as the amount of electric power delivered or required for which a generator, turbine, transformer, transmission circuit, station, or system is rated by the manufacturer Active Installed Capacity Active installed capacity refers to that component of electric power that actually performs work. It is given in Kilowatts (KW) or Megawatts (MW) Electricity Generation According to "Energy Information Administration" electricity generation is defined as the process of producing electric energy by transforming other forms of energy; also, the amount of electric energy produced, expressed Gigawatt hours (GWh) Electricity Consumption Electricity consumption is computed as electricity generated, plus imports, minus exports, minus transmission and distribution losses. It is measured in Gigawatt-hours (GWh) Thermal Power Plant A plant in which turbine generators are driven by burning fossil fuels Hydropower Plant A plant in which the turbine generators are driven by falling water Nuclear Power Nuclear power is defined as the electricity generated by the use of the thermal energy released from the fission of nuclear fuel in a reactor Renewable Energy Resources Naturally replenishing energy resources limited in the amount of energy that is available per unit of time. For example, biomass, geothermal, solar, and wind can all be termed as renewable resources. 6.4 Coverage This report gives detailed information on the global high voltage switchgear market and examines the high voltage switchgear market in the key countries of the US, Brazil, China, India, the UK, Russia, Italy and Saudi Arabia. The report provides: Analysis on high voltage switchgear market used in AC power transmission systems at 110KV and above. Data on the market value generated from the high voltage switchgear sales, globally and for the above listed eight countries. Following six different products have been covered for analyzing the high voltage switchgear market Circuit Breaker (CB), Isolator, Current Transformer (CT), Potential Transformer (PT), Lightening Arrestor (LA) and Protection Panel (PP). Data on the pricing and volume analysis of the high voltage switchgear market for global and for the listed countries Market share analysis of the top market participants, such as ABB, Siemens and Alstom Grid globally. Page 100

16 Power regulations and key initiatives impacting the high voltage switchgear markets. 6.5 Methodology GlobalData s dedicated research and analysis teams consist of experienced professionals with a pedigree in marketing and market research, consulting backgrounds in the energy industry, and advanced levels of statistical expertise. GlobalData adheres to the Codes of Practice of the Market Research Society ( and the Strategic and Competitive Intelligence Professionals ( All GlobalData s databases are continuously updated and revised. The following methodology has been followed for the collection and analysis of data presented in this report. Secondary Research The research process begins with exhaustive secondary research within GlobalData's own databases and external sources. Market values and volumes, pricing estimates and market growth rates are arrived at by taking the following into consideration: Statistics and historic trends provided by government bodies, industry associations and equipment vendors Utility expansion plans Government and private sector investments Government regulations and policies GlobalData s proprietary databases like Capacity and Generation Database and Transmission and Distribution Database. For different countries, these databases were analyzed for the historic and forecast trends in power generation, transmission capacity and substation additions. Other insights built through secondary research and analysis of company websites, annual reports, investor presentations, industry and trade journals, association data. Primary Research A number of primary interviews are conducted with personnel across the value chain to verify and finetune the market numbers obtained from secondary research and get first hand information on industry trends. Participants are then drawn from a diverse set of backgrounds including equipment manufacturers, industry associations, government bodies, utilities. Participants include, but are not limited to, business development and sales managers, C- level executives, industry consultants and purchasing managers. Definitions, Market Estimates and Assumptions The volume switchgear components sold in a year has been calculated by multiplying the number of substations added in a year with the typical number of components used per substation. The number of substations added in a year for the historic period has been collected from secondary sources and forecasts are based on planned capacity additions and transmission network investments in the country. The typical number of components used per substation has been obtained from secondary sources like regulator websites and validated through primary interviews. The average price of a switchgear component is the price at which the end-user buys the switchgear component. The historic price of component is collected from secondary sources and is forecast based on the Producer Price Index (PPI). PPI has also been used to estimate the historic price of component, where data is not available through secondary sources. The value of the volume of switchgear components sold in a year has been calculated by multiplying the volume of a switchgear component sold in a year by the average price of switchgear component during that year. Page 101

17 Various qualitative and quantitative insights have been considered for estimating the market size. The forecast data and model has been validated through various industry experts. 6.7 Disclaimer All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData. This report is a licensed product and should not to be reproduced without prior permission. Page 102