GLOBAL MARKETS FOR ELECTRICAL ENCLOSURES

GLOBAL MARKETS FOR ELECTRICAL ENCLOSURES IAS097A November 2014 Aneesh Kumar Project Analyst ISBN: 1-56965-991-5 BCC Research 49 Walnut Park, Building 2 Wellesley, MA 02481 USA 866-285-7215 (toll-free within the USA), or (+1) 781-489-7301 www.bccresearch.com information@bccresearch.com

TABLE OF CONTENTS CHAPTER 1 INTRODUCTION 2 STUDY GOALS AND OBJECTIVES 2 REASONS FOR DOING THE STUDY 2 SCOPE OF REPORT 3 INTENDED AUDIENCE 3 INFORMATION SOURCES 4 ANALYST'S CREDENTIALS 4 RELATED BCC RESEARCH REPORTS 4 BCC RESEARCH WEBSITE 5 DISCLAIMER 5 CHAPTER 2 SUMMARY 7 SUMMARY TABLE GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY MATERIAL TYPE, SUMMARY FIGURE GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY MATERIAL TYPE, 2013-2019 ($ 7 8 CHAPTER 3 OVERVIEW 11 DEFINITION 11 ELECTRICAL ENCLOSURE TYPE BY MATERIALS USED 11 METALLIC 11 NONMETALLIC 11 ELECTRICAL ENCLOSURE TYPE BY SIZE 11 SMALL ENCLOSURE 11 MEDIUM ENCLOSURE 11 LARGE ENCLOSURE SYSTEMS 12 ELECTRICAL ENCLOSURE TYPES BY APPLICATION 12 ENERGY AND POWER 12 PROCESS INDUSTRY 12 MANUFACTURING 12 OTHERS 12 ELECTRICAL ENCLOSURE TYPE BY PRODUCTION 13 FAST-TRACK PRODUCTION 13 CUSTOM-MADE 13 BUILD-TO-PRINT 13 ELECTRICAL ENCLOSURE STANDARDS AND REGULATIONS 13 INTERNATIONAL ELECTROTECHNICAL COMMISSION (IEC) STANDARD 60529 NATIONAL ELECTRICAL MANUFACTURER'S ASSOCIATION STANDARD 250 13 UNDERWRITER LABORATORIES (UL) 50,50E 14 CONFORMITE EUROPEENE 14 NEMA CLASSIFICATIONS AND FIELD OF APPLICATION 14 NON-HAZARDOUS LOCATIONS 14 HAZARDOUS LOCATIONS 15 IP CLASSIFICATIONS 16 DEGREES OF PROTECTION DENOTED BY FIRST DIGIT 16 13

DEGREES OF PROTECTION DENOTED BY SECOND DIGIT 17 CHAPTER 4 ELECTRICAL ENCLOSURE MARKET 19 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES 19 TABLE 1 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES, THROUGH 2019 ($ FIGURE 1 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY MATERIAL TYPE, 2014 AND 2019 (%) GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY SIZE (HEIGHT) 22 TABLE 2 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY SIZE (HEIGHT), FIGURE 2 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY SIZE (HEIGHT), 2014 AND 2019 (%) GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY TYPE OF PRODUCTION 24 TABLE 3 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY TYPE OF PRODUCTION, FIGURE 3 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY TYPE OF PRODUCTION, 2014 AND 2019 (%) GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY USABILITY 26 TABLE 4 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY USABILITY, THROUGH 2019 ($ FIGURE 4 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY USABILITY, 2014 AND 2019 (%) GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY MATERIAL TYPE 28 TABLE 5 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY MATERIAL TYPE, FIGURE 5 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY MATERIAL TYPE, 2014 AND 2019 (%) TABLE 6 GLOBAL MARKET FOR METALLIC ELECTRICAL ENCLOSURES BY MATERIAL TYPE, FIGURE 6 GLOBAL MARKET SHARES OF METALLIC ELECTRICAL ENCLOSURES BY MATERIAL TYPE, 2014 AND 2019 (%) TABLE 7 GLOBAL MARKET FOR NONMETALLIC ELECTRICAL ENCLOSURES BY MATERIAL TYPE, FIGURE 7 GLOBAL MARKET SHARES OF NONMETALLIC ELECTRICAL ENCLOSURES BY MATERIAL TYPE, 2014 AND 2019 (%) GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY REGION 34 TABLE 8 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY REGION, THROUGH 2019 ($ FIGURE 8 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY REGION, 2014 AND 2019 (%) TABLE 9 GLOBAL MARKET FOR METALLIC ELECTRICAL ENCLOSURES BY REGION, FIGURE 9 GLOBAL MARKET SHARES OF METALLIC ELECTRICAL ENCLOSURES BY REGION, 2014 AND 2019 (%) TABLE 10 GLOBAL MARKET FOR NONMETALLIC ELECTRICAL ENCLOSURES BY REGION, FIGURE 10 GLOBAL MARKET SHARES OF NONMETALLIC ELECTRICAL ENCLOSURES BY REGION, 2014 AND 2019 (%) GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY APPLICATION 41 19 20 22 22 24 24 26 26 28 28 30 31 32 32 34 34 37 37 39 39

TABLE 11 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY APPLICATION, FIGURE 11 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY APPLICATION, 2014 AND 2019 (%) TABLE 12 GLOBAL MARKET FOR METALLIC ELECTRICAL ENCLOSURES BY APPLICATION, FIGURE 12 GLOBAL MARKET SHARES OF METALLIC ELECTRICAL ENCLOSURES BY APPLICATION, 2014 AND 2019 (%) TABLE 13 GLOBAL MARKET FOR NONMETALLIC ELECTRICAL ENCLOSURES BY APPLICATION, FIGURE 13 GLOBAL MARKET SHARES OF NONMETALLIC ELECTRICAL ENCLOSURES BY APPLICATION, 2014 AND 2019 (%) GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY MARKET STRUCTURE 47 TABLE 14 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY MARKET STRUCTURE, FIGURE 14 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY MARKET STRUCTURE, 2014 AND 2019 (%) NORTH AMERICA 49 TABLE 15 ELECTRICAL ENCLOSURE MARKET BY MARKET STRUCTURE IN NORTH AMERICA, FIGURE 15 MARKET SHARES OF ELECTRICAL ENCLOSURES BY MARKET STRUCTURE IN NORTH AMERICA, 2014 AND 2019 (%) EUROPE 50 TABLE 16 ELECTRICAL ENCLOSURE MARKET BY MARKET STRUCTURE IN EUROPE, FIGURE 16 MARKET SHARES OF ELECTRICAL ENCLOSURES BY MARKET STRUCTURE IN EUROPE, 2014 AND 2019 (%) ASIA-PACIFIC 52 TABLE 17 ELECTRICAL ENCLOSURE MARKET BY MARKET STRUCTURE IN ASIA-PACIFIC, FIGURE 17 MARKET SHARES OF ELECTRICAL ENCLOSURES BY MARKET STRUCTURE IN ASIA-PACIFIC, 2014 AND 2019 (%) SOUTH AMERICA 54 TABLE 18 ELECTRICAL ENCLOSURE MARKET BY MARKET STRUCTURE IN SOUTH AMERICA, FIGURE 18 MARKET SHARES OF ELECTRICAL ENCLOSURES BY MARKET STRUCTURE IN SOUTH AMERICA, 2014 AND 2019 (%) REST OF WORLD 56 TABLE 19 ELECTRICAL ENCLOSURE MARKET BY MARKET STRUCTURE IN THE ROW, FIGURE 19 MARKET SHARES OF ELECTRICAL ENCLOSURES BY MARKET STRUCTURE IN THE ROW, 2014 AND 2019 (%) 41 42 43 43 45 46 47 48 49 49 50 51 52 53 54 55 56 56 CHAPTER 5 INDUSTRY DRIVERS 59 FAVORABLE STANDARDS AND GOVERNMENT REGULATIONS 59 GLOBAL STANDARDS 59 International Electrotechnical Commission (IEC) 59 National Electrical Manufacturer's Association (NEMA) 59 Underwriter Laboratories (UL) 59 Canadian Standard Association (CSA) 60 Joint Industry Council (JIC) 60

Electronic Industries Association (EIA) 60 Conformite Europeene (CE) 60 American National Standards Institute (ANSI) 60 TABLE 20 NEMA AND UL ENCLOSURES USE AND DESCRIPTION 61 NORTH AMERICAN STANDARDS 62 EUROPEAN STANDARDS 62 ASIA-PACIFIC STANDARDS 62 RISING ELECTRICITY DEMAND 63 TABLE 21 GLOBAL ELECTRICITY DEMAND, 2000-2040 (QUADRILLION BTU) 63 FIGURE 20 TOTAL SHARES OF ENERGY SOURCES FOR ELECTRICITY GENERATION, 2013 (%) FIGURE 21 GLOBAL ELECTRICITY PRODUCTION, 2009-2013 (TWH) 65 FIGURE 22 GLOBAL ELECTRICITY CONSUMPTION, 2009-2013 (TWH) 66 NORTH AMERICA 67 FIGURE 23 NORTH AMERICAN ELECTRICITY PRODUCTION, 2009-2013 (TWH) 67 FIGURE 24 NORTH AMERICAN ELECTRICITY CONSUMPTION, 2009-2013 (TWH) 67 EUROPE 68 FIGURE 25 EUROPEAN ELECTRICITY PRODUCTION, 2009-2013 (TWH) 68 FIGURE 26 EUROPEAN ELECTRICITY CONSUMPTION, 2009-2013 (TWH) 69 ASIA-PACIFIC 69 FIGURE 27 ASIA-PACIFIC ELECTRICITY PRODUCTION, 2009-2013 (TWH) 70 FIGURE 28 ASIA-PACIFIC ELECTRICITY CONSUMPTION, 2009-2013 (TWH) 70 SOUTH AMERICA 71 FIGURE 29 SOUTH AMERICAN ELECTRICITY PRODUCTION, 2009-2013 (TWH) 71 FIGURE 30 SOUTH AMERICAN ELECTRICITY CONSUMPTION, 2009-2013 (TWH) 72 REST OF WORLD 72 FIGURE 31 ROW ELECTRICITY PRODUCTION, 2009-2013 (TWH) 72 FIGURE 32 ROW ELECTRICITY CONSUMPTION, 2009-2013 (TWH) 73 INCREASING CONSOLIDATION IN THE ELECTRICAL ENCLOSURE MARKET 74 INCREASING INDUSTRIALIZATION 75 FIGURE 33 INDUSTRIAL PRODUCTION EXCLUDING CONSTRUCTION, 2011-2014 (FIXED BASE 2005=100) RENEWAL AND UPGRADING OF ENERGY NETWORK 77 LARGE MARKET INVESTMENT ON ELECTRICITY TRANSMISSION 78 63 76 CHAPTER 6 INDUSTRY CONSTRAINTS 81 REDUCED DEMAND FOR METALLIC ENCLOSURES MAINLY DUE TO RUST 81 INCREASING RAW MATERIAL COST 81 METALLIC RAW MATERIALS 82 Steel 82 TABLE 22 GLOBAL AVERAGE STEEL PRICING, THROUGH 2013 ($/TON) 82 TABLE 23 GLOBAL STEEL PRODUCTION, THROUGH 2013 (MILLION TONS) 82 TABLE 24 GLOBAL STEEL CONSUMPTION, THROUGH 2013 (MILLION TONS) 82 Stainless Steel 83 TABLE 25 GLOBAL STAINLESS STEEL PRICING, THROUGH 2013 ($/TON) 83 TABLE 26 GLOBAL STAINLESS STEEL CONSUMPTION, THROUGH 2013 (MILLION TONS) 84

TABLE 27 GLOBAL STAINLESS STEEL PRODUCTION, THROUGH 2013 (MILLION TONS) NONMETALLIC RAW MATERIALS 84 Polystyrene 84 TABLE 28 GLOBAL POLYSTYRENE CONSUMPTION, THROUGH 2013 (MILLION TONS) 85 Fiberglass 85 INCREASING COMPETITION FROM UNORGANIZED MARKET 86 CHEAP IMPORTS FROM ASIAN COUNTRIES POSE A THREAT TO DEVELOPED MARKET PLAYERS 84 87 CHAPTER 7 SUPPLIER LANDSCAPE AND COMPANY PROFILES 89 TABLE 29 ELECTRICAL ENCLOSURE TYPES AND SAFETY STANDARDS OF MAJOR COMPANIES TABLE 30 GLOBAL ORGANIZED AND UNORGANIZED MARKET SHARES OF ELECTRICAL ENCLOSURES BY REGION, 2013 (%) COMPANY PROFILES 91 ADALET 91 ALLIED MOULDED PRODUCTS INC. 92 ALTECH CORP. 92 APX ENCLOSURES INC. 93 ATLAS MANUFACTURING 93 ATTABOX 94 AUSTIN ELECTRICAL ENCLOSURES 94 B&R ENCLOSURES 95 BARTAKKE ELECTROFAB PVT. LTD. 96 BISON PROFAB INC. 97 BUD INDUSTRIES 97 DURHAM CO. 98 EATON CORP. 98 TABLE 31 EATON'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ FIGURE 34 EATON'S REVENUE SHARES BY REGION, 2013 (%) 100 FIGURE 35 EATON'S REVENUE SHARES BY SEGMENT, 2013 (%) 100 ELDON HOLDING 101 EMERSON ELECTRIC CO. 102 TABLE 32 EMERSON ELECTRIC'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ FIGURE 36 EMERSON ELECTRIC'S REVENUE SHARES BY BUSINESS SEGMENT, 2013 (%) FIGURE 37 EMERSON ELECTRIC'S REVENUE SHARES BY REGION, 2013 (%) 105 ENSTO GROUP 105 FIBOX ENCLOSURES 106 GE INDUSTRIAL SOLUTIONS 107 TABLE 33 GENERAL ELECTRIC'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ FIGURE 38 GENERAL ELECTRIC'S REVENUE SHARES BY BUSINESS SEGMENT, 2013 (%) FIGURE 39 GENERAL ELECTRIC'S REVENUE SHARES BY REGION, 2013 (%) 109 HAMMOND MANUFACTURING 110 90 91 100 103 103 108 109

HUBBELL INC. 110 TABLE 34 HUBBELL'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ FIGURE 40 HUBBELL'S REVENUE SHARES BY BUSINESS SEGMENT, 2013 (%) 112 INTEGRA ENCLOSURES 112 MILBANK MANUFACTURING CO. 113 OEM ENCLOSURE INC. 114 PENN PANEL AND BOX CO. 114 PENTAIR LTD. 115 TABLE 35 PENTAIR'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ FIGURE 41 PENTAIR'S REVENUE SHARES BY BUSINESS SEGMENT, 2013 (%) 116 FIGURE 42 PENTAIR'S REVENUE SHARES BY REGION, 2013 (%) 117 PHOENIX MECANO 118 TABLE 36 PHOENIX MECANO'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ FIGURE 43 PHOENIX MECANO'S REVENUE SHARES BY REGION, 2013 (%) 118 FIGURE 44 PHOENIX MECANO'S REVENUE SHARES BY SEGMENT, 2013 (%) 119 R. STAHL INC. 120 TABLE 37 R. STAHL'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ FIGURE 45 R. STAHL'S REVENUE SHARES BY REGION, 2013 (%) 121 FIGURE 46 R. STAHL'S REVENUE SHARES BY SEGMENT, 2013 (%) 121 RALSTON METAL PRODUCTS LTD. 122 RITTAL GMBH & CO. KG. 123 TABLE 38 RITTAL'S PLANT LOCATION BY REGION (SQUARE METER) 124 ROBROY INDUSTRIES INC. 125 SAGINAW CONTROL AND ENGINEERING 126 SCHAEFER'S ELECTRICAL ENCLOSURES 126 SCHNEIDER ELECTRIC 127 TABLE 39 SCHNEIDER ELECTRIC'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ SIEMENS 128 TABLE 40 SIEMENS' RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ FIGURE 47 SIEMENS' REVENUE SHARES BY REGION, 2013 (%) 129 FIGURE 48 SIEMENS' REVENUE SHARES BY SEGMENT, 2013 (%) 130 SRO GROUP PTY LTD. 131 TEGREL LTD. 131 TEJAS ELECTRICAL ENCLOSURES 132 THOMAS & BETTS CORP. 133 TABLE 41 ABB'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ 134 FIGURE 49 ABB'S REVENUE SHARES BY REGION, 2013 (%) 135 FIGURE 50 ABB'S REVENUE SHARES BY SEGMENT, 2013 (%) 135 VYNCKIER ENCLOSURE SYSTEMS 136 112 116 118 121 128 129

LIST OF TABLES TABLE HEADING SUMMARY TABLE GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY MATERIAL TYPE, TABLE 1 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES, THROUGH 2019 ($ TABLE 2 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY SIZE (HEIGHT), TABLE 3 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY TYPE OF PRODUCTION, TABLE 4 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY USABILITY, THROUGH 2019 ($ TABLE 5 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY MATERIAL TYPE, TABLE 6 GLOBAL MARKET FOR METALLIC ELECTRICAL ENCLOSURES BY MATERIAL TYPE, TABLE 7 GLOBAL MARKET FOR NONMETALLIC ELECTRICAL ENCLOSURES BY MATERIAL TYPE, TABLE 8 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY REGION, THROUGH 2019 ($ TABLE 9 GLOBAL MARKET FOR METALLIC ELECTRICAL ENCLOSURES BY REGION, TABLE 10 GLOBAL MARKET FOR NONMETALLIC ELECTRICAL ENCLOSURES BY REGION, TABLE 11 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY APPLICATION, TABLE 12 GLOBAL MARKET FOR METALLIC ELECTRICAL ENCLOSURES BY APPLICATION, TABLE 13 GLOBAL MARKET FOR NONMETALLIC ELECTRICAL ENCLOSURES BY APPLICATION, TABLE 14 GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY MARKET STRUCTURE, TABLE 15 ELECTRICAL ENCLOSURE MARKET BY MARKET STRUCTURE IN NORTH AMERICA, TABLE 16 ELECTRICAL ENCLOSURE MARKET BY MARKET STRUCTURE IN EUROPE, TABLE 17 ELECTRICAL ENCLOSURE MARKET BY MARKET STRUCTURE IN ASIA-PACIFIC, TABLE 18 ELECTRICAL ENCLOSURE MARKET BY MARKET STRUCTURE IN SOUTH AMERICA, TABLE 19 ELECTRICAL ENCLOSURE MARKET BY MARKET STRUCTURE IN THE ROW, TABLE 20 NEMA AND UL ENCLOSURES USE AND DESCRIPTION 61 TABLE 21 GLOBAL ELECTRICITY DEMAND, 2000-2040 (QUADRILLION BTU) 63 TABLE 22 GLOBAL AVERAGE STEEL PRICING, THROUGH 2013 ($/TON) 82 TABLE 23 GLOBAL STEEL PRODUCTION, THROUGH 2013 (MILLION TONS) 82 TABLE 24 GLOBAL STEEL CONSUMPTION, THROUGH 2013 (MILLION TONS) 82 TABLE 25 GLOBAL STAINLESS STEEL PRICING, THROUGH 2013 ($/TON) 83 TABLE 26 GLOBAL STAINLESS STEEL CONSUMPTION, THROUGH 2013 (MILLION TONS) TABLE 27 GLOBAL STAINLESS STEEL PRODUCTION, THROUGH 2013 (MILLION TONS) 84 TABLE 28 GLOBAL POLYSTYRENE CONSUMPTION, THROUGH 2013 (MILLION TONS) 85 7 19 22 24 26 28 30 32 34 37 39 41 43 45 47 49 50 52 54 56 84

TABLE HEADING TABLE 29 ELECTRICAL ENCLOSURE TYPES AND SAFETY STANDARDS OF MAJOR COMPANIES TABLE 30 GLOBAL ORGANIZED AND UNORGANIZED MARKET SHARES OF ELECTRICAL ENCLOSURES BY REGION, 2013 (%) TABLE 31 EATON'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ 100 TABLE 32 EMERSON ELECTRIC'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ TABLE 33 GENERAL ELECTRIC'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ TABLE 34 HUBBELL'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ TABLE 35 PENTAIR'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ TABLE 36 PHOENIX MECANO'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ TABLE 37 R. STAHL'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ TABLE 38 RITTAL'S PLANT LOCATION BY REGION (SQUARE METER) 124 TABLE 39 SCHNEIDER ELECTRIC'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ TABLE 40 SIEMENS' RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ TABLE 41 ABB'S RECENT FINANCIAL PERFORMANCE, THROUGH 2013 ($ 134 90 91 103 108 112 116 118 121 128 129

LIST OF FIGURES FIGURE TITLE SUMMARY FIGURE GLOBAL MARKET FOR ELECTRICAL ENCLOSURES BY MATERIAL TYPE, 2013-2019 ($ FIGURE 1 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY MATERIAL TYPE, 2014 AND 2019 (%) FIGURE 2 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY SIZE (HEIGHT), 2014 AND 2019 (%) FIGURE 3 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY TYPE OF PRODUCTION, 2014 AND 2019 (%) FIGURE 4 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY USABILITY, 2014 AND 2019 (%) FIGURE 5 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY MATERIAL TYPE, 2014 AND 2019 (%) FIGURE 6 GLOBAL MARKET SHARES OF METALLIC ELECTRICAL ENCLOSURES BY MATERIAL TYPE, 2014 AND 2019 (%) FIGURE 7 GLOBAL MARKET SHARES OF NONMETALLIC ELECTRICAL ENCLOSURES BY MATERIAL TYPE, 2014 AND 2019 (%) FIGURE 8 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY REGION, 2014 AND 2019 (%) FIGURE 9 GLOBAL MARKET SHARES OF METALLIC ELECTRICAL ENCLOSURES BY REGION, 2014 AND 2019 (%) FIGURE 10 GLOBAL MARKET SHARES OF NONMETALLIC ELECTRICAL ENCLOSURES BY REGION, 2014 AND 2019 (%) FIGURE 11 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY APPLICATION, 2014 AND 2019 (%) FIGURE 12 GLOBAL MARKET SHARES OF METALLIC ELECTRICAL ENCLOSURES BY APPLICATION, 2014 AND 2019 (%) FIGURE 13 GLOBAL MARKET SHARES OF NONMETALLIC ELECTRICAL ENCLOSURES BY APPLICATION, 2014 AND 2019 (%) FIGURE 14 GLOBAL MARKET SHARES OF ELECTRICAL ENCLOSURES BY MARKET STRUCTURE, 2014 AND 2019 (%) FIGURE 15 MARKET SHARES OF ELECTRICAL ENCLOSURES BY MARKET STRUCTURE IN NORTH AMERICA, 2014 AND 2019 (%) FIGURE 16 MARKET SHARES OF ELECTRICAL ENCLOSURES BY MARKET STRUCTURE IN EUROPE, 2014 AND 2019 (%) FIGURE 17 MARKET SHARES OF ELECTRICAL ENCLOSURES BY MARKET STRUCTURE IN ASIA-PACIFIC, 2014 AND 2019 (%) FIGURE 18 MARKET SHARES OF ELECTRICAL ENCLOSURES BY MARKET STRUCTURE IN SOUTH AMERICA, 2014 AND 2019 (%) FIGURE 19 MARKET SHARES OF ELECTRICAL ENCLOSURES BY MARKET STRUCTURE IN THE ROW, 2014 AND 2019 (%) FIGURE 20 TOTAL SHARES OF ENERGY SOURCES FOR ELECTRICITY GENERATION, 2013 (%) FIGURE 21 GLOBAL ELECTRICITY PRODUCTION, 2009-2013 (TWH) 65 FIGURE 22 GLOBAL ELECTRICITY CONSUMPTION, 2009-2013 (TWH) 66 FIGURE 23 NORTH AMERICAN ELECTRICITY PRODUCTION, 2009-2013 (TWH) 67 FIGURE 24 NORTH AMERICAN ELECTRICITY CONSUMPTION, 2009-2013 (TWH) 67 FIGURE 25 EUROPEAN ELECTRICITY PRODUCTION, 2009-2013 (TWH) 68 FIGURE 26 EUROPEAN ELECTRICITY CONSUMPTION, 2009-2013 (TWH) 69 FIGURE 27 ASIA-PACIFIC ELECTRICITY PRODUCTION, 2009-2013 (TWH) 70 FIGURE 28 ASIA-PACIFIC ELECTRICITY CONSUMPTION, 2009-2013 (TWH) 70 8 20 22 24 26 28 31 32 34 37 39 42 43 46 48 49 51 53 55 56 63

FIGURE TITLE FIGURE 29 SOUTH AMERICAN ELECTRICITY PRODUCTION, 2009-2013 (TWH) 71 FIGURE 30 SOUTH AMERICAN ELECTRICITY CONSUMPTION, 2009-2013 (TWH) 72 FIGURE 31 ROW ELECTRICITY PRODUCTION, 2009-2013 (TWH) 72 FIGURE 32 ROW ELECTRICITY CONSUMPTION, 2009-2013 (TWH) 73 FIGURE 33 INDUSTRIAL PRODUCTION EXCLUDING CONSTRUCTION, 2011-2014 (FIXED BASE 2005=100) FIGURE 34 EATON'S REVENUE SHARES BY REGION, 2013 (%) 100 FIGURE 35 EATON'S REVENUE SHARES BY SEGMENT, 2013 (%) 100 FIGURE 36 EMERSON ELECTRIC'S REVENUE SHARES BY BUSINESS SEGMENT, 2013 (%) FIGURE 37 EMERSON ELECTRIC'S REVENUE SHARES BY REGION, 2013 (%) 105 FIGURE 38 GENERAL ELECTRIC'S REVENUE SHARES BY BUSINESS SEGMENT, 2013 (%) FIGURE 39 GENERAL ELECTRIC'S REVENUE SHARES BY REGION, 2013 (%) 109 FIGURE 40 HUBBELL'S REVENUE SHARES BY BUSINESS SEGMENT, 2013 (%) 112 FIGURE 41 PENTAIR'S REVENUE SHARES BY BUSINESS SEGMENT, 2013 (%) 116 FIGURE 42 PENTAIR'S REVENUE SHARES BY REGION, 2013 (%) 117 FIGURE 43 PHOENIX MECANO'S REVENUE SHARES BY REGION, 2013 (%) 118 FIGURE 44 PHOENIX MECANO'S REVENUE SHARES BY SEGMENT, 2013 (%) 119 FIGURE 45 R. STAHL'S REVENUE SHARES BY REGION, 2013 (%) 121 FIGURE 46 R. STAHL'S REVENUE SHARES BY SEGMENT, 2013 (%) 121 FIGURE 47 SIEMENS' REVENUE SHARES BY REGION, 2013 (%) 129 FIGURE 48 SIEMENS' REVENUE SHARES BY SEGMENT, 2013 (%) 130 FIGURE 49 ABB'S REVENUE SHARES BY REGION, 2013 (%) 135 FIGURE 50 ABB'S REVENUE SHARES BY SEGMENT, 2013 (%) 135 76 103 109