This report analyzes the worldwide markets for Transformers (Electricity) in US$ Million and Units by the following product segments: 500-10,000 kVA Transformers, 10,001-30,000 kVA Transformers, 30,001-100,000 kVA Transformers, and >100,001 kVA Transformers. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for each region for the period 2009 through 2017. A six-year historic analysis is also provided for these markets. The report profiles 203  companies including many key and niche players such as Alstom, Asea Brown Boveri (ABB), ABB Kuhlman, Bharat Heavy Electricals Limited, Crompton Greaves Ltd., EFACEC Group, Ekarat Engineering Public Company Limited, Hammond Power Solutions Inc., Areva T&D, Asea Brown Boveri, Bharat Heavy Electricals Limited, Crompton Greaves Ltd., EFACEC Group, Ekarat Engineering Public Company Limited, Hammond Power Solutions, Inc., IMP Power Limited, Kirloskar Electric Company Limited., Kuhlman Electric Corporation, Nissin Electric Company Limited, Powertech Transformers (Pty) Ltd.., Schneider Electric SA, Siemens AG, VA Technologie AG, Shihlin Electric & Engineering Corporation, Smit Transformatoren BV, and Waukesha Electric Systems Inc.  Market data and analytics are derived from primary and secondary research.

TABLE OF CONTENTS

TRANSFORMERS (ELECTRICITY)							MCP-2578
A GLOBAL STRATEGIC BUSINESS REPORT	



                                                  CONTENTS



  1. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS                       1
      Study Reliability and Reporting Limitations                          1
      Disclaimers                                                          2
      Data Interpretation & Reporting Level                                3
       Quantitative Techniques & Analytics                                 3
      Product Definitions and Scope of Study                               3
       Power Transformers                                                  4
       Distribution Transformers                                           4

  2. INDUSTRY OVERVIEW                                                     5
      Recession Derails Global Transformers Market Growth                  5
       Value Analysis                                                      5
       Volume Analysis                                                     6
      Global Electrical Equipment Market Outlook                           6
      Energy-Efficiency Norms Offer Respite to Manufacturers               7
      Barriers Hinder Espousal of Energy Efficient Technologies            7
      Gas-Insulated Power Transformers Gain Popularity                     8
       Future for Gas-Insulated Transformers Appears Bright                8
       IEC Standards for Gas-Insulated Transformers                        8
      Raw Material Prices Altering Transformer Designs                     9
       Raw Material Prices - A Key Determinant in Transformer Cost         9
       Transformer Pricing Trends                                          9
      Global Electric Power Sector - An Overview                           9
       Table 1: World Electric Power Generation: Growth Trajectory
       for the Period 2004-2015 (In Billion KWh) (includes
       corresponding Graph/Chart)                                          10

       Table 2: Global Electricity Transmission Equipment Market by
       Country/Region (2010): Percentage Breakdown of Value for Asia
       (China, India and Rest of Asia), Europe, US, Middle East and
       Africa, and Latin America (includes corresponding
       Graph/Chart)                                                        10

       Table 3: Global Power Transmission Equipment Market by
       Leading Players (2009): Market Share Breakdown of Revenues
       for Siemens, General Electric, ABB, Alstom, Areva, Mitsubishi
       Heavy Industries, and Others (includes corresponding
       Graph/Chart)                                                        11

       Table 4: Global Transmission & Distribution Market by Leading
       Players (2009): Market Share Breakdown of Revenues for ABB,
       Siemens, Areva, and Others (includes corresponding
       Graph/Chart)                                                        11
      Emergence of HTS Transformers                                        11
      Major Producers                                                      12
      Competitive Scenario                                                 12
       Table 5: Global Transformers Market (2009): Market Shares of
       Leading Players- ABB, Siemens, Areva, and Others (includes
       corresponding Graph/Chart)                                          12
       Distribution Transformers                                           13
        Table 6: Global Distribution Transformers Market by Capacity
        (2009): Percentage Breakdown for China, North America,
        Western Europe, India, and Rest of World (includes
        corresponding Graph/Chart)                                         13

        Table 7: Global Distribution Transformers Market by Leading
        Players (2009): Market Share Breakdown for ABB, Schneider,
        Siemens, Areva T&D, and Others (includes corresponding
        Graph/Chart)                                                       13
       Utilities - The Largest End-Use Market                              14
        Table 8: Global Distribution Transformers Market by End-Use
        Sector (2010): Percentage Breakdown for Utilities,
        Industrial, and Construction (includes corresponding
        Graph/Chart)                                                       14
       Power Transformers                                                  14
        Table 9: Power Transformers Cost Breakdown: 2010 (includes
        corresponding Graph/Chart)                                         14

        Table 10: Global Power Transformer Market (2009): Percentage
        Breakdown for Leading Players- ABB, Siemens, Alstom, and
        Others (includes corresponding Graph/Chart)                        15
       Utilities - The Leading Consumers of Power Transformers             15
        Table 11: Global Power Transformer Market by End-Use Sector
        (2010): Percentage Breakdown for Utilities and Industrial          15
      Factors Affecting Demand                                             15
       Replacement Cycle                                                   15
       Expansion and Maintenance                                           16
       Maturity of Markets                                                 16
       Reliability of Transformers                                         16
      Transformers - Major Preference Factors                              16
      Major Issues                                                         16
       Environmental                                                       16
       Transformer Failure                                                 17
        Reasons for Transformer Failure                                    17
        Contaminants                                                       17
        Fault Currents                                                     18
        Usage beyond Stipulated Thermal Limits                             18
        Corrosion                                                          18
        Electromagnetic Disturbances                                       18
       Energy Losses                                                       19

  3. PRODUCT OVERVIEW                                                      20
      Introduction                                                         20
      Transformers in an Electricity Supply System                         20
      Transformers Defined                                                 20
      Types of Transformers                                                21
       Power Transformers                                                  21
       Distribution Transformers                                           22
        Role of Tap Changers in Distribution Transformers                  22
       Other Transformers                                                  23
        Liquid Immersed Distribution Transformers                          23
        Ferroresonant Transformers                                         23
        Ferrups                                                            23
        Optical Instrument Transformers                                    23
        Instrument Transformers                                            23
        Electromagnetic Voltage Transformers                               24
        Linear Variable Differential Transformer                           24
        Capacitative Voltage Transformers                                  25
        Transformers < 1kVA                                                25
      Applications of Transformers                                         26
      Technologies in Power Systems                                        26
      Safety Enhancement and Repair of Transformers                        27
       On-site repair of Transformers                                      27

  4. PRODUCT INTRODUCTIONS/INNOVATIONS                                     28
      BHEL Rolls Out Country's First Indigenous UHVAC 1200 kV
       Transformer                                                         28
      Efficient Toroidal Coil Rolls Out Toroidal Power Transformer         28
      BHEL Rolls Out 1,200 KVA Transformers                                28
      Crompton Greaves Rolls Out First Indigenous 1200 KV Transformer      28
      Siemens Produces the Largest Single-Phase HVDC Transformer           29
      Hammond Power Introduces the HPS Spartan™ Range of Open Core
       and Coil Control Transformers                                       29
      BRUSH Transformers Re-Introduces Transaction Distribution
       Transformer                                                         29
      Hammond Power Launches the HPS Millennium™ Range of Dry-type
       Distribution Transformers                                           29
      MPS Industries Develops M6201 Series                                 30
      Pacific Crest Introduces Small Power Transformers                    30
      Hammond Power Introduces the HPS Fortress™ Range of Commercial
       Transformers                                                        30
      BHEL Introduces HTSC Transformer                                     31
      GlobTek Launches Linear Power Transformers                           31
      PDI Launches Powercube Family                                        31
      PLP Unveils Amorphous Metal Distribution Transformers                31
      Hammond Power Announces Expansion of Transformer Product Line        31
      GE Digital Energy Launches Zenith ZTE Series 40-4000 Amp ATS
       Solution                                                            32
      ABB Launches 800 kV Transformer                                      33
      Siemens Introduces 800 kV Converter Transformer                      34
      ABB Develops Ultrahigh-Voltage Transformer                           34
      GE Digital Energy Launches Zenith 1600-3000 Amp ATS Solution         34
      Honeywell Rolls Out Protective Enclosure ‘HPTCOVER’ for Plug-
       In Transformers                                                     35
      ABB Unveils New Generation MOCT-P Optical Instrument Transformers    35
      Marelco Expands Product Portfolio with Isolation Transformers        36
      Tianwei Baobian Tests EHVAC Transformer                              36
      Siemens Energy Builds Plant Oil-Based Power Transformer for
       Germany’s EnBW                                                      37
      Tianwei Fabricates First Highest Voltage and Largest Capacity
       Auto Transformer                                                    37

  5. PRODUCT INNOVATIONS/LAUNCHES IN RECENT PAST - A PERSPECTIVE
      BUILDER                                                              38
      EVN Unveils New Transformer                                          38
      ABB Launches Vegetable Oil Transformer                               38
      Pan Electro Technic Enterprises Unveils Oil Less Transformer         38
      GE Energy Launches Mobile Substation Transformer                     38
      TDK Corp Introduces New Power Supply Transformers                    38
      FISO Technologies Launches Nortech TT                                39
      Zettler Magnetics Products Receives Class 2,3 Approval               39
      ABB Zaragoza Launches Advanced Dry Type Transformers                 39
      Bicron Designs New Transformer Range                                 39
      Foster Transformers Introduces New Range of Current Transformers     39
      Toroid Launches Custom Built Transformers                            40
      Zettler Launches AHR Series Power Transformers                       40

  6. RECENT INDUSTRY ACTIVITY                                              41
      ABB to Take Over the Trasfor Group                                   41
      CG to Construct Power Transformers Plant in Brazil                   41
      Tanelec Acquires Controlling Stake in Pende Electrical               41
      Niagara Transformer Corp. Announces Expansion Plans                  42
      Astrodyne Acquires Jerome Industries                                 42
      ABB to Supply Parts and Technology for A UHVDC Power Project
       in China                                                            42
      XD-EGEMAC and China XD Commences Production at Egypt Electric
       Equipment Facility                                                  42
      Alstom Grid Receives Contract for Power Equipment Supply from
       Saudi Electricity                                                   43
      Addis Transformer and Switchgears to Commence Operations at
       Ethiopian Factory                                                   43
      ABB Bags Traction Transformer Orders                                 43
      ABB Wins Order for Equipment and Engineering Services from
       SGCC Power                                                          43
      ABB Bags a Power Order from Rio Tinto                                44
      Central Moloney to Expand its Pine Bluff Plant                       44
      Hammond Power Signs Formal Agreement to Acquire Transformer
       Business of Euroelettro                                             44
      EEMC to Roll Out Vietnam’s Self-Built First 500-kV Transformer       44
      ABB Receives Order for 800kV Transformer from China Southern
       Power Grid                                                          45
      Areva Installs 765 KV Transformer in India                           45
      Mitsubishi Electric Selects Memphis for Setting up New Power
       Transformer Plant                                                   45
      Areva T&D India Wins eBOP Contract from GMR                          46
      ABB Wins a Contract from Oman Electricity Transmission               46
      Mitsubishi Launches Energy-Saving Transformer                        46
      ABB Bags Order for Substations and Transmission Lines from
       Renova Energia                                                      46
      Universal Power Transformers and SPECO Ink Technology Transfer
       Deal                                                                47
      Alstom Inaugurates New Power Transformers Repair Facility            47
      Siemens Energy Takes Over eHouse Production Division of
       Integrated Electrical Services                                      47
      Hyundai Receives Transformer Orders from UK’s National Grid          47
      Siemens Completes Construction of its Third Transformer
       Insulating Part Facility                                            47
      PLN to Build 16 Interbus Transformers to Boost Java-Bali
       Interconnection System                                              48
      Siemens Commences Construction of Transformer Facility in
       Voronezh                                                            48
      Ormazabal to Supply Distribution Transformers to Energa              48
      Marson's Initiates Construction of Jaipur Transformer Facility       49
      Hyundai Commences Construction of Transformer Facility in Alabama    49
      Opsens Inks Licensing Deal with LumaSense to Transfer
       Transformers Business                                               49
      CG and EIC Group Enters into MoU                                     49
      Schneider Electric and Alstom Acquires Areva’s Business              50
      CG Power Systems Opens New Transformer Production Facility in
       the US                                                              50
      Diamond Power Receives Electrical Supplies Order                     51
      BS Group to Build Transformer Unit                                   51
      Raychem Forges Deal with Hexaformer to Produce Large-Scale
       Transformers                                                        51
      Powertech Transformers Obtains Contract for Step-Up Transformers     51
      Crompton Greaves Builds Transformer Manufacturing Center in US       52
      BHEL Sets-Up New Unit to Boost its Capacity                          52
      Siemens Energy Bags Order from Abu Dhabi Transmission &
       Dispatch Company for Transformer Substations                        52
      ABB India Receives INR 630 Million Worth Contract from HVPNL         52
      AREVA Secures Order from UAE to Supply GIS Substation                52
      Hyundai Receives Long-Term Contract from Southern California
       Edison                                                              53
      SPX to Expand Manufacturing Facility at Waukesha Electric Systems    53
      HHI Inks Deal with Southern California Edison for Transformers       53
      NPPD Commences Third Phase of NPPD Voltage Conversion Project
       for Aurora                                                          53
      ABB Receives BRBCL Order For Supplying 16 Low-Loss Transformers      54
      EFACEC Commences Transformer Plant in Effingham, Georgia             54
      Pioneer Takes Over Jefferson Electric                                54
      ECG Purchases Mobile Transformers and Mobile Sub-Station             54
      Siemens Acquires Siemens High Voltage Products OOO                   55
      Sumida to Construct Electronic Accessories Plant in Japan            55
      Mouser Electronics Expands Distribution Agreement                    55
      Siemens Carries Out Expansion of Power Transformers Plant            55
      Kerala Electrical and Allied Engineering Initiates Transformer
       Plant                                                               56
      ABB Launches Transformer Manufacturing Unit in Perth, Australia      56
      SPX to Develop Superconducting Transformer                           56
      BHEL to Supply Phase Shifting Transformer                            56
      BHEL Establishes UHV Transformer Manufacturing Facility              57
      ABB to Acquire Comem                                                 57
      ABB to Supply Transformers to NTPC                                   57
      ABB Bags Transformers Supply Order from SGCC                         58
      ABB to Provide Automation and Electrical Equipment to Eskom          58
      AREVA T&D Takes Over Megatran Electric                               58
      Pauwels Transformers Changes Name to CG Power Systems                59
      Areva T&D India Receives Order from Haryana Vidyut Prasaran Nigam    59
      Prime Electric to Establish Power Transformers Plant                 59
      Vietnamese Firms to Produce Transformers for Power
       Transmission Company                                                59
      Crompton Greaves' Subsidiary Forms Joint Venture with EIC Group      59
      Powertech Expands Empowerment Shareholding                           60
      ITC, Mitshubishi Electric Expand Alliance                            60
      Areva Receives Jindal Steel and Power Contract                       60
      NTPC Acquires Stake in Transformers and Electricals Kerala           61
      Areva Receives Contract for India's Most Powerful Transformer        61
      Prolec GE Snaps Up Majority Interest in Indo Tech                    61
      Areva, SEC to Co-operate on Transformer Plant                        61
      Areva T&D India Sets Up New Facilities                               62
      Zaporizhtransformator to Supply Transformers to
       Uzelektroapparat-Elektroschit                                       62
      BHEL Negotiates with Areva and Toshiba to Set Up Transmission
       Joint Venture                                                       62
      ABB to Supply Transformers to SGCC                                   62
      AREVA T&D Establishes Plant in Hosur                                 63
      ABB to Build Laboratory for Higher Transmission Transformers
       in China                                                            63
      AREVA T&D Establishes Four Factories in Vadodara                     63
      Siemens Commences Operations in Hubei Province in China              64
      Areva T&D Receives Orders from Lanco Infratech                       64
      Chint Begins delivery of Transformers to Manabi                      64
      TBEA Wins Order from State Grid                                      65
      Unison Networks Acquires Assets and Business of ETEL                 65
      Dongan Forays into Indian Market                                     65
      Weidmann and LumaSense Enter Strategic Partnership for
       Transformer Systems                                                 65
      Lagos Commences Electric Transformer Production                      66
      Zaporizhtransformator Inks a Deal with MAPNA                         66
      ICSA to Take Over a US Power Company                                 66
      ABB to Upgrade Power Substations in Saudi Arabia                     67
      RAF Tabtronics and MicroSpire Enters into Technology Partnership     67
      Tianwei Baobian Receives Order from State Grid                       68
      AREVA Forms Strategic Partnership with Times Electric                68
      BHEL Wins Order from Powergen Infrastructure                         68
      Power Partners to Acquire Transformer Equipment Lines of
       Kuhlman Electric                                                    69
      AREVA Provides IDMS Technology to Alabama Power                      69
      ABB to Deliver Capacitor Banks to Eskom                              69
      AREVA T&D Acquire Powermann and RB Watkins                           70
      Efacec to Supply Energy Equipment to CADAFE in Venezuela             70
      Emco Plans to Commence Transformer Manufacturing Unit in South
       Africa                                                              70
      AREVA Enters into Alliances with Electronuclear and
       Eletronorte of Brazil                                               71
      Toshiba Acquires CCES                                                71
      Classic Technoline Plans on Setting-Up Transformer
       Manufacturing Unit                                                  71
      Siemens Inks an Agreement with Dubai Electricity and Water
       Authority                                                           71
      BHEL Bags Mundra Power Project Contract                              72
      Joint Stock Company Delivers 414 Transformers to Cambodia            72
      BRPH Receives Contract for Design Services to EFACEC Transformers    72
      BC Partners Acquires Starkstrom                                      72
      IDGC Center Plans to Roll Out 4.6 MW DTS in Orel Region              73
      Areva Takes Over Waltec                                              73
      Siemens to Deploy 800-kV HVDC Transformer Systems                    73
      H&Q Asia-Pacific Acquires Taiwan Sumida Electronics                  73
      AREVA T&D India Joins Hands with GE Consumer & Industrial India      74
      AREVA Enters into a Contract with Shanghai Electric Group            74
      Electra Sells Off Enerco to Von Roll Holdings                        75
      ABB Secures Maintenance Contract in Spain                            75
      Siemens Commissions Transformer Facility in Aurangabad               76
      Schneider Electric Inks JV Agreement with Fuji Electric              76
      Epen Takes Delivery of Transformers                                  77
      Powertech Transformers Bags Contract for Supply of
       Transformers to Eskom                                               77
      ZATR Bags Ukrenergo Contract                                         77
      AREVA Obtains Turnkey Switchyard Contract from UPRVUNL, India        78
      KESCo to Purchase 50 New Transformer Systems                         78
      ABS Holdings Inks Supply Contract with E.ON                          78
      ABB Completes Expansion of Company’s South Boston Facility           79
      IDGC of North-West to Purchase New Grid Infrastructure Equipment     79
      IBERDROLA Selects Prolec GE Transformers for Wind Farms              79
      ABB Acquires Kuhlman Electric Corporation                            80
      Waytronx Takes Over CUI                                              80
      Hefei Transformer Inks J V Agreement with Mitsubishi Electric        81
      ABB Bags Power Equipment Supply Order from India                     81
      UPT Takes Over Moloney Electric                                      82
      AREVA Obtains Switchgear and Transformer Order from Algeria          82
      Sarini to Acquire Remaining Stakes in Etra 33                        82
      Efacec Wins Call for Bid for Substations Extension in Paraguay       82
      Prolec GE to Expand Monterrey Manufacturing Plant                    83
      Prolec GE Announces USD50 Million Investment                         83
      Siemens Bags HVDC Transmission System Contract                       84
      Powertech Properties and Investments Merges with ABB Powertech
       Transformers                                                        84
      ABB Launches Center for Transformer Design                           84
      AREVA Receives Contract for Delivery of Substations from DEWA        85
      Universal Power Transformers Receives Investment from Peepul
       Capital.                                                            86
      Hammond Power Solutions Take Over Delta Group                        86
      Siemens Brazil Receives Contract from Canadian BC Hydro for
       Transformers                                                        86
      Indo Tech Transformers to Launch Fifth Manufacturing Facility        86
      AREVA Receives Contracts from NTPC and POWERGRID                     87
      AREVA Obtains Contracts from Qatar Utility                           87
      Hammond Acquires Delta Group                                         88
      GridSense Acquires Transformer Contracting                           88
      BPL Global Acquires Serveron                                         88
      Hammond Power Divests Moloney Electric                               88
      EMCO to Form Joint Venture with Edison Power                         88
      AREVA Bags Contracts from POWERGRID and NTPC                         89
      ABB Bags Orders from Powergrid Corporation                           89
      BHEL Secures Export Order for Transformers                           90
      ABB Australia Bags Power Transformers Supply Contract                90
      VIZ-Stal Commences Production of Transformer Steel Sheets            90
      Power Technologies Acquires Remaining Stake in ABB Powertech
       Transformers                                                        90

  7. CORPORATE ACTIVITY IN RECENT PAST - A PERSPECTIVE BUILDER             91
      Wurth Electronics Acquires Midcom                                    91
      Reliance Capital Acquires 26% Stake in Victory Transformer           91
      AREVA Takes Over Passoni & Villa                                     91
      AREVA Acquires VEI Power Distribution’s Operations                   91
      ACC Acquires Majority Stake in Electroputere                         91
      Diamond Cables Acquires Stake in Apex Group                          92
      AREVA Establishes Joint Venture with UC RUSAL                        92
      AREVA Bags Contract from SEC                                         92
      AREVA Signs Contracts with GECOL                                     93
      AREVA Bags Contract from ALCAN                                       93
      BHEL Secures Contract from Adani                                     93
      BHEL Secures Contract from NTPC                                      94
      Siemens Expands Transformer Plant in Brazil                          94
      EFACEC Secures Order from Nevada Power                               94
      Siemens Opens Power Transformer Factory                              94
      Brush Transformers Establishes Middle East’s First Power
       Transformer Plant                                                   95
      Siemens Receives Scandinavian Order for Power Transformers           95
      AREVA Enters into a Supply Contract with Northeast Utilities         95
      Emco Inks Technical Assistance Agreement with Chinese
       Transformer Maker                                                   96
      NTPC Forms Joint Venture with TELK                                   96
      Sarini Raises Stake in Etra 33 to 55.67% through Buyout Bid          96
      OpenGate Capital Acquires Medford Transformer Facility of
       AREVA T&D                                                           96
      ElektronikGruppen BK AB Acquires Profec Technologies Oy              96
      Weg Equipamentos Industriais Acquires Trafo in Brazil                97
      Areva Inks Transformers JV with China’s Sunten Electric              97
      Versatile Processing Acquires Florida Transformer                    97
      WEG Acquires Voltran Ltd                                             97
      ABB Enters into Agreement with TVA                                   97
      EFACEC Bags Autotransformer Order from Progress Energy               98
      Hyosung Corp. Acquires Nantongyaubong Transformer Co.                98
      Technitrol Acquires ERA Group                                        98
      Actuant Corp. Acquires Actown-Electrocoil, Inc.                      98
      Sirenza Microdevices, Inc. Acquires Premier Devices, Inc.            98
      Areva T&D Acquires RITZ High Voltage                                 98
      Serveron Corp Signs an Agreement with SPTD                           99
      AREVA T&D Develops Electric Arc Furnace Transformer                  99
      API Electronics Acquires Keytronics                                  99
      Regal-Beloit Corp Acquires Changzhou Sinya Electromotor Co Ltd       99
      Weg Commences Transformer Manufacturing Plant                        99
      KEC Signs a Marketing Agreement with TPC                             100
      PESCO Sets Up New Transformers                                       100

  8. FOCUS ON SELECT MAJOR PLAYERS                                         101
      Alstom (France)                                                      101
      Asea Brown Boveri (ABB) (Switzerland)                                101
       ABB Kuhlman (USA)                                                   102
      Bharat Heavy Electricals Limited (India)                             102
      Crompton Greaves Ltd. (India)                                        103
      EFACEC Group (Portugal)                                              103
      Ekarat Engineering Public Company Limited (Thailand)                 104
      Hammond Power Solutions Inc. (Canada)                                104
      IMP Power Limited (India)                                            104
      Kirloskar Electric Company Limited (India)                           105
      Nissin Electric Co. Ltd. (Japan)                                     105
      Powertech Transformers (Pty) Ltd. (South Africa)                     105
      Schneider Electric SA (France)                                       106
      Siemens AG (Germany)                                                 106
       VA Technologie AG (Austria)                                         107
      Shihlin Electric & Engineering Corporation (Taiwan)                  107
      Smit Transformatoren BV (The Netherlands)                            107
      Waukesha Electric Systems Inc. (USA)                                 107

  9. GLOBAL MARKET PERSPECTIVE                                             108
      Table 12: World Recent Past, Current & Future Analysis for
      Transformers (Electricity) by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Latin America
      and Rest of World Markets Independently Analyzed with Annual
      Sales Figures in US$ Million for Years 2009 through 2017
      (includes corresponding Graph/Chart)                                 108

      Table 13: World Historic Review for Transformers (Electricity)
      by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets
      Independently Analyzed with Annual Sales Figures in US$
      Million for Years 2003 through 2008 (includes corresponding
      Graph/Chart)                                                         109

      Table 14: World 15-Year Perspective for Transformers
      (Electricity) by Geographic Region - Percentage Breakdown of
      Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets for
      Years 2003, 2010 & 2017 (includes corresponding Graph/Chart)         110

      Table 15: World Recent Past, Current & Future Analysis for
      Transformers (Electricity) by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Latin America
      and Rest of World Markets Independently Analyzed with Annual
      Sales Figures in Units for Years 2009 through 2017 (includes
      corresponding Graph/Chart)                                           111

      Table 16: World Historic Review for Transformers (Electricity)
      by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets
      Independently Analyzed with Annual Sales Figures in Units for
      Years 2003 through 2008 (includes corresponding Graph/Chart)         112

      Table 17: World 15-Year Perspective for Transformers
      (Electricity) by Geographic Region - Percentage Breakdown of
      Unit Sales for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets for
      Years 2003, 2010 & 2017 (includes corresponding Graph/Chart)         113

      Table 18: World Recent Past, Current & Future Analysis for
      Power Transformers by Geographic Region - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Latin America and Rest
      of World Markets Independently Analyzed with Annual Sales
      Figures in US$ Million for Years 2009 through 2017 (includes
      corresponding Graph/Chart)                                           114

      Table 19: World Historic Review for Power Transformers by
      Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets
      Independently Analyzed with Annual Sales Figures in US$
      Million for Years 2003 through 2008 (includes corresponding
      Graph/Chart)                                                         115

      Table 20: World 15-Year Perspective for Power Transformers by
      Geographic Region - Percentage Breakdown of Dollar Sales for
      US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
      Latin America and Rest of World Markets for Years 2003, 2010 &
      2017 (includes corresponding Graph/Chart)                            116

      Table 21: World Recent Past, Current & Future Analysis for
      Distribution Transformers by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Latin America
      and Rest of World Markets Independently Analyzed with Annual
      Sales Figures in US$ Million for Years 2009 through 2017
      (includes corresponding Graph/Chart)                                 117

      Table 22: World Historic Review for Distribution Transformers
      by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets
      Independently Analyzed with Annual Sales Figures in US$
      Million for Years 2003 through 2008 (includes corresponding
      Graph/Chart)                                                         118

      Table 23: World 15-Year Perspective for Distribution
      Transformers by Geographic Region - Percentage Breakdown of
      Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets for
      Years 2003, 2010 & 2017 (includes corresponding Graph/Chart)         119

      Table 24: World Recent Past, Current & Future Analysis for
      500-10,000 Kva Transformers by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Latin America
      and Rest of World Markets Independently Analyzed with Annual
      Sales Figures in Units for Years 2009 through 2017 (includes
      corresponding Graph/Chart)                                           120

      Table 25: World Historic Review for 500-10,000 Kva
      Transformers by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America and Rest of
      World Markets Independently Analyzed with Annual Sales Figures
      in Units for Years 2003 through 2008 (includes corresponding
      Graph/Chart)                                                         121

      Table 26: World 15-Year Perspective for 500-10,000 Kva
      Transformers by Geographic Region - Percentage Breakdown of
      Unit Sales for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets for
      Years 2003, 2010 & 2017 (includes corresponding Graph/Chart)         122

      Table 27: World Recent Past, Current & Future Analysis for
      10,001-30,000 Kva Transformers by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
      America and Rest of World Markets Independently Analyzed with
      Annual Sales Figures in Units for Years 2009 through 2017
      (includes corresponding Graph/Chart)                                 123

      Table 28: World Historic Review for 10,001-30,000 Kva
      Transformers by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America and Rest of
      World Markets Independently Analyzed with Annual Sales Figures
      in Units for Years 2003 through 2008 (includes corresponding
      Graph/Chart)                                                         124

      Table 29: World 15-Year Perspective for 10,001-30,000 Kva
      Transformers by Geographic Region - Percentage Breakdown of
      Unit Sales for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets for
      Years 2003, 2010 & 2017 (includes corresponding Graph/Chart)         125

      Table 30: World Recent Past, Current & Future Analysis for
      30,001-100,000 Kva Transformers by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
      America and Rest of World Markets Independently Analyzed with
      Annual Sales Figures in Units for Years 2009 through 2017
      (includes corresponding Graph/Chart)                                 126

      Table 31: World Historic Review for 30,001-100,000 Kva
      Transformers by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America and Rest of
      World Markets Independently Analyzed with Annual Sales Figures
      in Units for Years 2003 through 2008 (includes corresponding
      Graph/Chart)                                                         127

      Table 32: World 15-Year Perspective for 30,001-100,000 Kva
      Transformers by Geographic Region - Percentage Breakdown of
      Unit Sales for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets for
      Years 2003, 2010 & 2017 (includes corresponding Graph/Chart)         128

      Table 33: World Recent Past, Current & Future Analysis for
      >100,000 Kva Transformers by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Latin America
      and Rest of World Markets Independently Analyzed with Annual
      Sales Figures in Units for Years 2009 through 2017 (includes
      corresponding Graph/Chart)                                           129

      Table 34: World Historic Review for >100,000 Kva Transformers
      by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets
      Independently Analyzed with Annual Sales Figures in Units for
      Years 2003 through 2008 (includes corresponding Graph/Chart)         130

      Table 35: World 15-Year Perspective for >100,000 Kva
      Transformers Kva Transformers by Geographic Region -
      Percentage Breakdown of Unit Sales for US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Latin America and Rest
      of World Markets for Years 2003, 2010 & 2017 (includes
      corresponding Graph/Chart)                                           131

  10. THE UNITED STATES                                                    132
      A.Market Analysis                                                    132
        Current & Future Analysis                                          132
         Value Analysis                                                    132
         Volume Analysis                                                   132
        Replacement Demand to Surge Transformers Market                    132
        US Power Transformers Market                                       133
        US Distribution Transformers Market                                133
         Table 36: US Distribution Transformers Market (2010):
         Percentage Breakdown by Product Category - Overhead, Pad,
         3-Phase, Subsurface and Others (includes corresponding
         Graph/Chart)                                                      133
         Replacements Bolster Demand for Distribution Transformers
          in North America                                                 133
        Demand Patterns                                                    134
        Energy Efficiency: The In Thing                                    134
        Exports and Imports of Transformers                                135
         Table 37: US Exports of Electric Transformers, Inductors
         and Static Conductors (2009 & 2010): Breakdown of Value
         Exports by Destination Country (In US$ Million) (includes
         corresponding Graph/Chart)                                        135

         Table 38: US Imports of Electric Transformers, Inductors
         and Static Converters (2009 & 2010): Breakdown of Value
         Imports by Country of Origin (In US$ Million) (includes
         corresponding Graph/Chart)                                        135
        Competitive Scenario                                               136
        Market Share Data                                                  136
         Table 39: US Market for Electric Transmission and Power
         Distribution (2009): Market Shares of Leading Players -
         ABB, Eaton, Siemens, General Electric, Schneider, Cooper,
         and Others (includes corresponding Graph/Chart)                   136

         Table 40: US Distribution Transformer Market (2009): Market
         Shares of Leading Players - Howard, ABB, Cooper and Others
         (includes corresponding Graph/Chart)                              136
        Product Launches                                                   137
        Strategic Corporate Developments                                   140
        Focus on Select Key Players                                        150
      B.Market Analytics                                                   152
        Table 41: The US Recent Past, Current & Future Analysis for
        Transformers (Electricity) by Product Type - Power
        Transformer and Distribution Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       152

        Table 42: The US Historic Review for Transformers
        (Electricity) by Product Type - Power Transformer and
        Distribution Transformer Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2003 through
        2008 (includes corresponding Graph/Chart)                          153

        Table 43: The US 15-Year Perspective for Transformers
        (Electricity) by Product Type - Percentage Breakdown of
        Dollar Sales for Power Transformer and Distribution
        Transformer Markets for 2003, 2010 & 2017 (includes
        corresponding Graph/Chart)                                         154

        Table 44: The US Recent Past, Current & Future Analysis for
        Transformers (Electricity) by Product Group/Segment -
        500-10,000 Kva Transformers, 10,001-30,000 Kva Transformers,
        30,001-100,000 Kva Transformers, and >100,001 Kva
        Transformers Markets Independently Analyzed with Annual
        Sales Figures in Units for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         155

        Table 45: The US Historic Review for Transformers
        (Electricity) by Product Group/Segment - 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets
        Independently Analyzed with Annual Sales Figures in Units
        for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       156

        Table 46: The US 15-Year Perspective for Transformers
        (Electricity) by Product Group/Segment - Percentage
        Breakdown of Unit Sales for 500-10,000 Kva Transformers,
        10,001-30,000 Kva Transformers, 30,001-100,000 Kva
        Transformers, and >100,001 Kva Transformers Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             157

  11. CANADA                                                               158
      A.Market Analysis                                                    158
        Canadian Electricity Sector: An Overview                           158
        Current & Future Analysis                                          158
         Value Analysis                                                    158
         Volume Analysis                                                   159
        Exports and Imports Statistics of Transformers in Canada           159
         Table 47: Canadian Exports of Electric Transformers,
         Inductors and Static Converters (2009 & 2010): Breakdown of
         Value Exports by Destination Country (In US$ Million)
         (includes corresponding Graph/Chart)                              159

         Table 48: Canadian Imports of Electric Transformers,
         Inductors and Static Converters (2009 & 2010): Breakdown of
         Value Imports by Country of Origin (In US$ Million)
         (includes corresponding Graph/Chart)                              160
        Product Launches                                                   160
        Strategic Corporate Developments                                   162
        Hammond Power Solutions Inc. - A Key Canadian Transformer
         Manufacturer                                                      164
      B.Market Analytics                                                   165
        Table 49: Canadian Recent Past, Current & Future Analysis
        for Transformers (Electricity) by Product Type - Power
        Transformer and Distribution Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       165

        Table 50: Canadian Historic Review for Transformers
        (Electricity) by Product Type - Power Transformer and
        Distribution Transformer Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2003 through
        2008 (includes corresponding Graph/Chart)                          166

        Table 51: Canadian 15-Year Perspective for Transformers
        (Electricity) by Product Type - Percentage Breakdown of
        Dollar Sales for Power Transformer and Distribution
        Transformer Markets for 2003, 2010 & 2017 (includes
        corresponding Graph/Chart)                                         167

        Table 52: Canadian Recent Past, Current & Future Analysis
        for Transformers (Electricity) by Product Group/Segment -
        500-10,000 Kva Transformers, 10,001-30,000 Kva Transformers,
        30,001-100,000 Kva Transformers, and >100,001 Kva
        Transformers Markets Independently Analyzed with Annual
        Sales Figures in Units for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         168

        Table 53: Canadian Historic Review for Transformers
        (Electricity) by Product Group/Segment - 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets
        Independently Analyzed with Annual Sales Figures in Units
        for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       169

        Table 54: Canadian 15-Year Perspective for Transformers
        (Electricity) by Product Group/ Segment - Percentage
        Breakdown of Unit Sales for 500-10,000 Kva Transformers,
        10,001-30,000 Kva Transformers, 30,001-100,000 Kva
        Transformers, and >100,001 Kva Transformers Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             170

  12. JAPAN                                                                171
      A.Market Analysis                                                    171
        Current & Future Analysis                                          171
         Value Analysis                                                    171
         Volume Analysis                                                   171
        Strategic Corporate Developments                                   171
        Nissin Electric Co. Ltd. - A Key Japanese Transformer
         Manufacturer                                                      173
      B.Market Analytics                                                   173
        Table 55: Japanese Recent Past, Current & Future Analysis
        for Transformers (Electricity) by Product Type - Power
        Transformer and Distribution Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       173

        Table 56: Japanese Historic Review for Transformers
        (Electricity) by Product Type - Power Transformer and
        Distribution Transformer Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2003 through
        2008 (includes corresponding Graph/Chart)                          174

        Table 57: Japanese 15-Year Perspective for Transformers
        (Electricity) by Product Type - Percentage Breakdown of
        Dollar Sales for Power Transformer and Distribution
        Transformer Markets for 2003, 2010 & 2017 (includes
        corresponding Graph/Chart)                                         175

        Table 58: Japanese Recent Past, Current & Future Analysis
        for Transformers (Electricity) by Product Group/ Segment -
        500-10,000 Kva Transformers, 10,001-30,000 Kva Transformers,
        30,001-100,000 Kva Transformers, and >100,001 Kva
        Transformers Markets Independently Analyzed with Annual
        Sales Figures in Units for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         176

        Table 59: Japanese Historic Review for Transformers
        (Electricity) by Product Group/Segment - 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets
        Independently Analyzed with Annual Sales Figures in Units
        for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       177

        Table 60: Japanese 15-Year Perspective for Transformers
        (Electricity) by Product Group/Segment - Percentage
        Breakdown of Unit Sales for 500-10,000 Kva Transformers,
        10,001-30,000 Kva Transformers, 30,001-100,000 Kva
        Transformers, and >100,001 Kva Transformers Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             178

  13. EUROPE                                                               179
      A.Market Analysis                                                    179
        Current & Future Analysis                                          179
         Value Analysis                                                    179
         Volume Analysis                                                   179
        Regional Perspective                                               179
        Transformer Sales to Ride on Advent of Smart Grids                 179
        Value Added Services to Improve Growth Prospects                   180
        An Overview of the Electric Sector                                 180
         Table 61: Consumption of Electricity in Select European
         Markets - Germany, France, UK, Italy, Spain, Sweden,
         Netherlands, Belgium, Finland, Austria, and Greece (2005 &
         2010) (In TWh) (includes corresponding Graph/Chart)               181
         Utilities vs. Non-Utilities                                       182
        Southern Europe Sustains Transformer Market                        182
        Manufacturing Sector: An Overview                                  183
         Research and Development Activities                               183
         Customer Profile                                                  184
         Life Span of Transformers                                         184
        Competitive Scenario                                               185
         Table 62: European Transformers Market (2009): Percentage
         Breakdown of Value Sales by Company - ABB, Siemens, Areva,
         Schneider, and Others (includes corresponding Graph/Chart)        185
         Competition in European Electric Equipment Market                 185
      B.Market Analytics                                                   186
        Table 63: European Recent Past, Current & Future Analysis
        for Transformers (Electricity) by Geographic Region -
        France, Germany, Italy, UK, Spain, Russia and Rest of Europe
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         186

        Table 64: European Historic Review for Transformers
        (Electricity) by Geographic Region - France, Germany, Italy,
        UK, Spain, Russia and Rest of Europe Markets Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2003 through 2008 (includes corresponding Graph/Chart)             187

        Table 65: European 15-Year Perspective for Transformers
        (Electricity) by Geographic Region - Percentage Breakdown of
        Dollar Sales for France, Germany, Italy, UK, Spain, Russia
        and Rest of Europe Markets for Years 2003, 2010 & 2017
        (includes corresponding Graph/Chart)                               188

        Table 66: European Recent Past, Current & Future Analysis
        for Transformers (Electricity) by Geographic Region -
        France, Germany, Italy, UK, Spain, Russia and Rest of Europe
        Markets Independently Analyzed with Annual Sales Figures in
        Units for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       189

        Table 67: European Historic Review for Transformers
        (Electricity) by Geographic Region - France, Germany, Italy,
        UK, Spain, Russia and Rest of Europe Markets Independently
        Analyzed with Annual Sales Figures in Units for Years 2003
        through 2008 (includes corresponding Graph/Chart)                  190

        Table 68: European 15-Year Perspective for Transformers
        (Electricity) by Geographic Region - Percentage Breakdown of
        Unit Sales for France, Germany, Italy, UK, Spain, Russia and
        Rest of Europe Markets for Years 2003, 2010 & 2017 (includes
        corresponding Graph/Chart)                                         191

        Table 69: European Recent Past, Current & Future Analysis
        for Transformers (Electricity) by Product Type - Power
        Transformer and Distribution Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       192

        Table 70: European Historic Review for Transformers
        (Electricity) by Product Type - Power Transformer and
        Distribution Transformer Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2003 through
        2008 (includes corresponding Graph/Chart)                          193

        Table 71: European 15-Year Perspective for Transformers
        (Electricity) by Product Type - Percentage Breakdown of
        Dollar Sales for Power Transformer and Distribution
        Transformer Markets for 2003, 2010 & 2017 (includes
        corresponding Graph/Chart)                                         194

        Table 72: European Recent Past, Current & Future Analysis
        for Transformers (Electricity) by Product Group/Segment -
        500-10,000 Kva Transformers, 10,001-30,000 Kva Transformers,
        30,001-100,000 Kva Transformers, and >100,001 Kva
        Transformers Markets Independently Analyzed with Annual
        Sales Figures in Units for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         195

        Table 73: European Historic Review for Transformers
        (Electricity) by Product Group/Segment - 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets
        Independently Analyzed with Annual Sales Figures in Units
        for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       196

        Table 74: European 15-Year Perspective for Transformers
        (Electricity) by Product Group/Segment - Percentage
        Breakdown of Unit Sales for 500-10,000 Kva Transformers,
        10,001-30,000 Kva Transformers, 30,001-100,000 Kva
        Transformers, and >100,001 Kva Transformers Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             197

  13a. FRANCE                                                              198
      A.Market Analysis                                                    198
        Current & Future Analysis                                          198
         Value Analysis                                                    198
         Volume Analysis                                                   198
        Strategic Corporate Developments                                   198
        Focus on Select Key Players                                        200
      B.Market Analytics                                                   202
        Table 75: French Recent Past, Current & Future Analysis for
        Transformers (Electricity) by Product Type - Power
        Transformer and Distribution Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       202

        Table 76: French Historic Review for Transformers
        (Electricity) by Product Type - Power Transformer and
        Distribution Transformer Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2003 through
        2008 (includes corresponding Graph/Chart)                          203

        Table 77: French 15-Year Perspective for Transformers
        (Electricity) by Product Type - Percentage Breakdown of
        Dollar Sales for Power Transformer and Distribution
        Transformer Markets for 2003, 2010 & 2017 (includes
        corresponding Graph/Chart)                                         204

        Table 78: French Recent Past, Current & Future Analysis for
        Transformers (Electricity) by Product Group/Segment -
        500-10,000 Kva Transformers, 10,001-30,000 Kva Transformers,
        30,001-100,000 Kva Transformers, and >100,001 Kva
        Transformers Markets Independently Analyzed with Annual
        Sales Figures in Units for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         205

        Table 79: French Historic Review for Transformers
        (Electricity) by Product Group/Segment - 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets
        Independently Analyzed with Annual Sales Figures in Units
        for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       206

        Table 80: French 15-Year Perspective for Transformers
        (Electricity) by Product Group/Segment - Percentage
        Breakdown of Unit Sales for 500-10,000 Kva Transformers,
        10,001-30,000 Kva Transformers, 30,001-100,000 Kva
        Transformers, and >100,001 Kva Transformers Markets for2003,
        2010 & 2017 (includes corresponding Graph/Chart)                   207

  13b. GERMANY                                                             208
      A.Market Analysis                                                    208
        Current & Future Analysis                                          208
         Value Analysis                                                    208
         Volume Analysis                                                   208
        Product Launches                                                   208
        Strategic Corporate Development                                    209
        Siemens AG - A Major German Transformer Manufacturer               210
      B.Market Analytics                                                   210
        Table 81: German Recent Past, Current & Future Analysis for
        Transformers (Electricity) by Product Type - Power
        Transformer and Distribution Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       210

        Table 82: German Historic Review for Transformers
        (Electricity) by Product Type - Power Transformer and
        Distribution Transformer Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2003 through
        2008 (includes corresponding Graph/Chart)                          211

        Table 83: German 15-Year Perspective for Transformers
        (Electricity) by Product Type - Percentage Breakdown of
        Dollar Sales for Power Transformer and Distribution
        Transformer Markets for 2003, 2010 & 2017 (includes
        corresponding Graph/Chart)                                         212

        Table 84: German Recent Past, Current & Future Analysis for
        Transformers (Electricity) by Product Group/Segment -
        500-10,000 Kva Transformers, 10,001-30,000 Kva Transformers,
        30,001-100,000 Kva Transformers, and >100,001 Kva
        Transformers Markets Independently Analyzed with Annual
        Sales Figures in Units for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         213

        Table 85: German Historic Review for Transformers
        (Electricity) by Product Group/Segment - 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets
        Independently Analyzed with Annual Sales Figures in Units
        for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       214

        Table 86: German 15-Year Perspective for Transformers
        (Electricity) by Product Group/Segment - Percentage
        Breakdown of Unit Sales for 500-10,000 Kva Transformers,
        10,001-30,000 Kva Transformers, 30,001-100,000 Kva
        Transformers, and >100,001 Kva Transformers Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             215

  13c. ITALY                                                               216
      A.Market Analysis                                                    216
        Current & Future Analysis                                          216
         Value Analysis                                                    216
         Volume Analysis                                                   216
        Strategic Corporate Developments                                   216
      B.Market Analytics                                                   218
        Table 87: Italian Recent Past, Current & Future Analysis for
        Transformers (Electricity) by Product Type - Power
        Transformer and Distribution Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       218

        Table 88: Italian Historic Review for Transformers
        (Electricity) by Product Type - Power Transformer and
        Distribution Transformer Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2003 through
        2008 (includes corresponding Graph/Chart)                          219

        Table 89: Italian 15-Year Perspective for Transformers
        (Electricity) by Product Type - Percentage Breakdown of
        Dollar Sales for Power Transformer and Distribution
        Transformer Markets for 2003, 2010 & 2017 (includes
        corresponding Graph/Chart)                                         220

        Table 90: Italian Recent Past, Current & Future Analysis for
        Transformers (Electricity) by Product Group/Segment -
        500-10,000 Kva Transformers, 10,001-30,000 Kva Transformers,
        30,001-100,000 Kva Transformers, and >100,001 Kva
        Transformers Markets Independently Analyzed with Annual
        Sales Figures in Units for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         221

        Table 91: Italian Historic Review for Transformers
        (Electricity) by Product Group/Segment - 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets
        Independently Analyzed with Annual Sales Figures in Units
        for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       222

        Table 92: Italian 15-Year Perspective for Transformers
        (Electricity) by Product Group/Segment - Percentage
        Breakdown of Unit Sales for 500-10,000 Kva Transformers,
        10,001-30,000 Kva Transformers, 30,001-100,000 Kva
        Transformers, and >100,001 Kva Transformers Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             223

  13d. THE UNITED KINGDOM                                                  224
      A.Market Analysis                                                    224
        Current & Future Analysis                                          224
         Value Analysis                                                    224
         Volume Analysis                                                   224
        Recession Hits Scottish Electrical Equipment Industry              224
        Product Launch                                                     225
      B.Market Analytics                                                   225
        Table 93: The UK Recent Past, Current & Future Analysis for
        Transformers (Electricity) by Product Type - Power
        Transformer and Distribution Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       225

        Table 94: The UK Historic Review for Transformers
        (Electricity) by Product Type - Power Transformer and
        Distribution Transformer Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2003 through
        2008 (includes corresponding Graph/Chart)                          226

        Table 95: The UK 15-Year Perspective for Transformers
        (Electricity) by Product Type - Percentage Breakdown of
        Dollar Sales for Power Transformer and Distribution
        Transformer Markets for 2003, 2010 & 2017 (includes
        corresponding Graph/Chart)                                         227

        Table 96: The UK Recent Past, Current & Future Analysis for
        Transformers (Electricity) by Product Group/Segment -
        500-10,000 Kva Transformers, 10,001-30,000 Kva Transformers,
        30,001-100,000 Kva Transformers, and >100,001 Kva
        Transformers Markets Independently Analyzed with Annual
        Sales Figures in Units for Years 2007 through 2015 (includes
        corresponding Graph/Chart)                                         228

        Table 97: The UK Historic Review for Transformers
        (Electricity) by Product Group/Segment - 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets
        Independently Analyzed with Annual Sales Figures in Units
        for Years 2001 through 2006 (includes corresponding
        Graph/Chart)                                                       229

        Table 98: The UK 15-Year Perspective for Transformers
        (Electricity) by Product Group/Segment - Percentage
        Breakdown of Unit Sales for 500-10,000 Kva Transformers,
        10,001-30,000 Kva Transformers, 30,001-100,000 Kva
        Transformers, and >100,001 Kva Transformers Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             230

  13e. SPAIN                                                               231
      A.Market Analysis                                                    231
        Current & Future Analysis                                          231
         Value Analysis                                                    231
         Volume Analysis                                                   231
        Strategic Corporate Development                                    231
      B.Market Analytics                                                   232
        Table 99: Spanish Recent Past, Current & Future Analysis for
        Transformers (Electricity) by Product Type - Power
        Transformer and Distribution Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       232

        Table 100: Spanish Historic Review for Transformers
        (Electricity) by Product Type - Power Transformer and
        Distribution Transformer Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2003 through
        2008 (includes corresponding Graph/Chart)                          233

        Table 101: Spanish 15-Year Perspective for Transformers
        (Electricity) by Product Type - Percentage Breakdown of
        Dollar Sales for Power Transformer and Distribution
        Transformer Markets for 2003, 2010 & 2017 (includes
        corresponding Graph/Chart)                                         234

        Table 102: Spanish Recent Past, Current & Future Analysis
        for Transformers (Electricity) by Product Group/Segment -
        500-10,000 Kva Transformers, 10,001-30,000 Kva Transformers,
        30,001-100,000 Kva Transformers, and >100,001 Kva
        Transformers Markets Independently Analyzed with Annual
        Sales Figures in Units for Years 2007 through 2015 (includes
        corresponding Graph/Chart)                                         235

        Table 103: Spanish Historic Review for Transformers
        (Electricity) by Product Group/Segment - 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets
        Independently Analyzed with Annual Sales Figures in Units
        for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       236

        Table 104: Spanish 15-Year Perspective for Transformers
        (Electricity) by Product Group/ Segment - Percentage
        Breakdown of Unit Sales for 500-10,000 Kva Transformers,
        10,001-30,000 Kva Transformers, 30,001-100,000 Kva
        Transformers, and >100,001 Kva Transformers Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             237

  13f. RUSSIA                                                              238
      A.Market Analysis                                                    238
        Current & Future Analysis                                          238
         Value Analysis                                                    238
         Volume Analysis                                                   238
        Russian Transformer Sector Faces Tough Times Amid Recession        238
        Ripples of Economic Turmoil Also Seen in Transformer Trade         239
         Table 105: Russian Imports of Transformers in Value and
         Volume: 2008 & 2009                                               239

         Table 106: Russian Exports of Transformers in Value and
         Volume: 2008 & 2009                                               239
        Low-Capacity Transformers Weather Economic Crisis                  239
        Recession Kindles Volatility in Transformer Prices                 240
        Dry-Type Transformers Face the Heat of Recession                   240
        Increasing Competition Brings Innovative Market Approaches
         to the Fore                                                       241
        Russian Dependence on Imports for Voltage Measuring
         Transformers Continues                                            241
        Strategic Corporate Developments                                   241
      B.Market Analytics                                                   243
        Table 107: Russian Recent Past, Current & Future Analysis
        for Transformers (Electricity) by Product Type - Power
        Transformer and Distribution Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       243

        Table 108: Russian Historic Review for Transformers
        (Electricity) by Product Type - Power Transformer and
        Distribution Transformer Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2003 through
        2008 (includes corresponding Graph/Chart)                          244

        Table 109: Russian 15-Year Perspective for Transformers
        (Electricity) by Product Type - Percentage Breakdown of
        Dollar Sales for Power Transformer and Distribution
        Transformer Markets for 2003, 2010 & 2017 (includes
        corresponding Graph/Chart)                                         245

        Table 110: Russian Recent Past, Current & Future Analysis
        for Transformers (Electricity) by Product Group/Segment -
        500-10,000 Kva Transformers, 10,001-30,000 Kva Transformers,
        30,001-100,000 Kva Transformers, and >100,001 Kva
        Transformers Markets Independently Analyzed with Annual
        Sales Figures in Units for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         246

        Table 111: Russian Historic Review for Transformers
        (Electricity) by Product Group/ Segment - 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets
        Independently Analyzed with Annual Sales Figures in Units
        for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       247

        Table 112: Russian 15-Year Perspective for Transformers
        (Electricity) by Product Group/ Segment - Percentage
        Breakdown of Unit Sales for 500-10,000 Kva Transformers,
        10,001-30,000 Kva Transformers, 30,001-100,000 Kva
        Transformers, and >100,001 Kva Transformers Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             248

  13g. REST OF EUROPE                                                      249
      A.Market Analysis                                                    249
        Current & Future Analysis                                          249
         Value Analysis                                                    249
         Volume Analysis                                                   249
        Turkey                                                             249
         Transformer Industry Overview                                     249
          Table 113: Turkish Exports of Transformers in US$ Million:
           2007-2010 (includes corresponding Graph/Chart)                  250
        Product Launches                                                   250
        Strategic Corporate Developments                                   251
        Key Players                                                        253
      B.Market Analytics                                                   255
        Table 114: Rest of European Recent Past, Current & Future
        Analysis for Transformers (Electricity) by Product Type -
        Power Transformer and Distribution TransformerMarkets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       255

        Table 115: Rest of European Historic Review for Transformers
        (Electricity) by Product Type - Power Transformer and
        Distribution Transformer Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2003 through
        2008 (includes corresponding Graph/Chart)                          256

        Table 116: Rest of European 15-Year Perspective for
        Transformers (Electricity) by Product Type - Percentage
        Breakdown of Dollar Sales for Power Transformer and
        Distribution Transformer Markets for 2003, 2010 & 2017
        (includes corresponding Graph/Chart)                               257

        Table 117: Rest of European Recent Past, Current & Future
        Analysis for Transformers (Electricity) by Product
        Group/Segment - 500-10,000 Kva Transformers, 10,001-30,000
        Kva Transformers, 30,001-100,000 Kva Transformers, and
        >100,001 Kva Transformers Markets Independently Analyzed
        with Annual Sales Figures in Units for Years 2009 through
        2017 (includes corresponding Graph/Chart)                          258

        Table 118: Rest of European Historic Review for Transformers
        (Electricity) by Product Group/Segment - 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets
        Independently Analyzed with Annual Sales Figures in Units
        for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       259

        Table 119: Rest of European 15-Year Perspective for
        Transformers (Electricity) by Product Group/Segment -
        Percentage Breakdown of Unit Sales for 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets or
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             260

  14. ASIA-PACIFIC                                                         261
      A.Market Analysis                                                    261
        Current & Future Analysis                                          261
         Value Analysis                                                    261
         Volume Analysis                                                   261
        Major Regional Markets                                             261
         Table 120: Transformer Market in the Asia-Pacific (2006)-
         Per Capita Transformer Capacity for Select Countries (In
         MVA/ Million Persons) (includes corresponding Graph/Chart)        262
      B.Market Analytics                                                   263
        Table 121: Asia-Pacific Recent Past, Current & Future
        Analysis for Transformers (Electricity) by Geographic Region
        - China and Rest of Asia-Pacific Markets Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2009 through 2017 (includes corresponding Graph/Chart)             263

        Table 122: Asia-Pacific Historic Review for Transformers
        (Electricity) by Geographic Region - China and Rest of
        Asia-Pacific Markets Independently Analyzed with Annual
        Sales Figures in US$ Million for Years 2003 through 2008
        (includes corresponding Graph/Chart)                               264

        Table 123: Asia-Pacific 15-Year Perspective for Transformers
        (Electricity) by Geographic Region - Percentage Breakdown of
        Dollar Sales for China and Rest of Asia-Pacific Markets for
        Years 2003, 2010 & 2017 (includes corresponding Graph/Chart)       265

        Table 124: Asia-Pacific Recent Past, Current & Future
        Analysis for Transformers (Electricity) by Geographic Region
        - China and Rest of Asia-Pacific Markets Independently
        Analyzed with Annual Sales Figures in Units for Years 2009
        through 2017 (includes corresponding Graph/Chart)                  266

        Table 125: Asia-Pacific Historic Review for Transformers
        (Electricity) by Geographic Region - China and Rest of
        Asia-Pacific Markets Independently Analyzed with Annual
        Sales Figures in Units for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         267

        Table 126: Asia-Pacific 15-Year Perspective for Transformers
        (Electricity) by Geographic Region - Percentage Breakdown of
        Unit Sales for China and Rest of Asia-Pacific Markets for
        Years 2003, 2010 & 2017 (includes corresponding Graph/Chart)       268

        Table 127: Asia-Pacific Recent Past, Current & Future
        Analysis for Transformers (Electricity) by Product Type -
        Power Transformer and Distribution Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       269

        Table 128: Asia-Pacific Historic Review for Transformers
        (Electricity) by Product Type - Power Transformer and
        Distribution Transformer Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2003 through
        2008 (includes corresponding Graph/Chart)                          270

        Table 129: Asia-Pacific 15-Year Perspective for Transformers
        (Electricity) by Product Type - Percentage Breakdown of
        Dollar Sales for Power Transformer and Distribution
        Transformer Markets for 2003, 2010 & 2017 (includes
        corresponding Graph/Chart)                                         271

        Table 130: Asia-Pacific Recent Past, Current & Future
        Analysis for Transformers (Electricity) by Product Group/
        Segment - 500-10,000 Kva Transformers, 10,001-30,000 Kva
        Transformers, 30,001-100,000 Kva Transformers, and >100,001
        Kva Transformers Markets Independently Analyzed with Annual
        Sales Figures in Units for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         272

        Table 131: Asia-Pacific Historic Review for Transformers
        (Electricity) by Product Group/ Segment - 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets
        Independently Analyzed with Annual Sales Figures in Units
        for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       273

        Table 132: Asia-Pacific 15-Year Perspective for Transformers
        (Electricity) by Product Group/ Segment - Percentage
        Breakdown of Unit Sales for 500-10,000 Kva Transformers,
        10,001-30,000 Kva Transformers, 30,001-100,000 Kva
        Transformers, and >100,001 Kva Transformers Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             274

  14a. CHINA                                                               275
      A.Market Analysis                                                    275
        Current & Future Analysis                                          275
         Value Analysis                                                    275
         Volume Analysis                                                   275
        Market Primer                                                      275
        Transformers Market to Witness Growth                              276
         Table 133: Chinese Transformer Production in Million KVA:
         2005-2009 (includes corresponding Graph/Chart)                    276
        Domestic Market Growth Attracts International Players              276
        Rising Demand for Chinese Transformers in Overseas Markets         277
        Industry Moves Towards High-Voltage Transformers                   277
        Issues Persist in the Chinese Transformer Industry                 277
        Chinese Transformers Industry - Highly Competitive at the
         Lower End                                                         278
        Competition Intensifies in the Chinese Transformer Industry        278
         Table 134: Leading Chinese Transformer Manufacturers by
         Sales in US$ Million: 2008 & 2009 (includes corresponding
         Graph/Chart)                                                      279
        Chinese Power and T&D Market - An Overview                         279
        Power Industry Structure in China                                  280
        Chinese Electricity Market                                         280
         Table 135: Electricity Consumption in China: 2000-2010
         (includes corresponding Graph/Chart)                              280
        Chinese State Grid Transformer Procurement by Company              281
         Table 136: Chinese State Grid Transformer Procurement by
         Companies (2007 - 2009): Percentage Breakdown of Orders in
         kVA for TBEA, Toshiba, ABB, XD Electric, Huapeng, Siemens,
         Areva, Baoding Tianwei and Others (includes corresponding
         Graph/Chart)                                                      281

         Table 137: Chinese State Grid 500 kV Transformer
         Procurement by Company(2007 - 2009): Percentage Breakdown
         of Orders in kVA for Toshiba, ABB, TBEA, XD Electric,
         Siemens, Areva, Baoding Tianwei and Others (includes
         corresponding Graph/Chart)                                        282

         Table 138: Chinese State Grid 330 kV Transformer
         Procurement by Companies (2007 - 2009): Percentage
         Breakdown of Orders in kVA for TBEA, XD Electric, Siemens,
         ABB, Areva, Toshiba, Baoding Tianwei and Others (includes
         corresponding Graph/Chart)                                        283
        Market Share Data                                                  284
         Table 139: Chinese Transformer Market (2006): Production
         Capacity for Select Transformer Types (In '000 KVA)
         (includes corresponding Graph/Chart)                              284

         Table 140: Chinese Transformer Market by Power Output:
         Market Share of Leading Players - TBEA, XD Electric,
         Siemens, ABB, and Others for the Years 2006 - 2010
         (includes corresponding Graph/Chart)                              284

         Table 141: Chinese Power Transformers Market: Percentage
         Breakdown of Unit Sales for TBEA, ABB, XD Group, Jiangsu
         Huapeng, Taishan Electric, Tianwei Baobian, and Others for
         the years 2007-2009 (includes corresponding Graph/Chart)          285

         Table 142: Chinese Power Transformer Market (2006):
         Breakdown of Production by Company (In Million KVA)
         (includes corresponding Graph/Chart)                              286
        Chinese Exports and Imports of Transformers - A Recent Past
         Review                                                            286
         Table 143: Chinese Exports of Transformers: Value (US$
         Million) and Volume (In Million Units) Exports for the
         Years 2005 and 2006                                               286

         Table 144: Chinese Imports of Electric Transformers,
         Inductors and Rectifiers and their Parts: Value Imports for
         the Years 2005 and 2006                                           286
        Product Launches                                                   287
        Strategic Corporate Developments                                   287
      B.Market Analytics                                                   295
        Table 145: Chinese Recent Past, Current & Future Analysis
        for Transformers (Electricity) by Product Type - Power
        Transformer and Distribution Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       295

        Table 146: Chinese Historic Review for Transformers
        (Electricity) by Product Type - Power Transformer and
        Distribution Transformer Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2003 through
        2008 (includes corresponding Graph/Chart)                          296

        Table 147: Chinese 15-Year Perspective for Transformers
        (Electricity) by Product Type - Percentage Breakdown of
        Dollar Sales for Power Transformer and Distribution
        Transformer Markets for 2003, 2010 & 2017 (includes
        corresponding Graph/Chart)                                         297

        Table 148: Chinese Recent Past, Current & Future Analysis
        for Transformers (Electricity) by Product Group/Segment -
        500-10,000 Kva Transformers, 10,001-30,000 Kva Transformers,
        30,001-100,000 Kva Transformers, and >100,001 Kva
        Transformers Markets Independently Analyzed with Annual
        Sales Figures in Units for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         298

        Table 149: Chinese Historic Review for Transformers
        (Electricity) by Product Group/ Segment - 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets
        Independently Analyzed with Annual Sales Figures in Units
        for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       299

        Table 150: Chinese 15-Year Perspective for Transformers
        (Electricity) by Product Group/Segment - Percentage
        Breakdown of Unit Sales for 500-10,000 Kva Transformers,
        10,001-30,000 Kva Transformers, 30,001-100,000 Kva
        Transformers, and >100,001 Kva Transformers Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             300

  14b. REST OF ASIA-PACIFIC                                                301
      A.Market Analysis                                                    301
        Current & Future Analysis                                          301
         Value Analysis                                                    301
         Volume Analysis                                                   301
        Focus on Select Markets                                            301
         India                                                             301
          Market Primer                                                    301
           Table 151: Indian Recent Past, Current & Future Analysis
           for Transformers (Electricity) by Product Type - Power
           Transformer and Distribution Transformer Markets
           Independently Analyzed with Annual Sales Figures in US$
           Million for Years 2009 through 2017 (includes
           corresponding Graph/Chart)                                      302

           Table 152: Indian Historic Review for Transformers
           (Electricity) by Product Type - Power Transformer and
           Distribution Transformer Markets Independently Analyzed
           with Annual Sales Figures in US$ Million for Years 2003
           through 2008 (includes corresponding Graph/Chart)               303

           Table 153: Indian 15-Year Perspective for Transformers
           (Electricity) by Product Type - Percentage Breakdown of
           Dollar Sales for Power Transformer and Distribution
           Transformer Markets for 2003, 2010 & 2017 (includes
           corresponding Graph/Chart)                                      304
          SWOT Analysis of the Indian Transformer Industry                 304
          Recession Mauls Indian Transformers Sector                       305
          Transformer Industry Sees Revival in 2010                        305
          Demand for Transformers to Surge                                 306
          Indian Transformers Industry - Geared to Serve Growing Demand    306
          New and Replacement Demand to Keep Transformer Market
           Prospering                                                      307
          Transformer Demand from Other Sources to be Strong               307
          Rising Demand for Higher Voltage Systems                         307
           Table 154: Leading Players in the Indian 765 KV
           Transformer Market (2009): Market Share Breakdown of
           Volume Orders from PGCIL for Crompton-Ganz JV, Hyosung,
           TBEA, Baoding, and ABB India-ABB Sweden JV (includes
           corresponding Graph/Chart)                                      308
          Industry Deterrents                                              308
          Transformer Exports Plummet, Imports Gain Momentum               309
           Table 155: Indian Exports of Transformers by Capacity in
           US$ Million: FY2008 to FY2010 (includes corresponding
           Graph/Chart)                                                    309

           Table 156: Indian Imports of Transformers by Capacity in
           US$ Million: FY2008 to FY2010 (includes corresponding
           Graph/Chart)                                                    310
          Government Initiatives                                           310
           Production                                                      311
            Table 157: Indian Transformer Market: Breakdown of
            Production by Transformer Type for the Year Ending March
            2007 (In MVA)                                                  311
           Technology                                                      311
           Competitive Scenario                                            311
            Organized Players Rule the Roost                               311
             Table 158: Indian Transformer Manufacturing Capacity by
             Company (2010): Breakdown of Capacity in MVA for BHEL
             Crompton Greaves, Areva, Vijay, TRIL, EMCO, ABB,
             Siemens, Voltamp, Unorganized Sector and Others
             (includes corresponding Graph/Chart)                          312

             Table 159: Indian High Power Transformer Market (2009):
             Market Shares Breakdown of Leading Players- BHEL,
             Crompton Greaves Ltd, EMCO Limited, and Others
             (includes corresponding Graph/Chart)                          312
            Multinational Companies Make Rapid Inroads                     313
             Table 160: Leading Players in the Indian
             Transformers/Reactors Market (2009-2011): Percentage
             Breakdown for Baoding, CGL India & CG Hungary, Siemens,
             Vijay, Hyosung and Others (includes corresponding
             Graph/Chart)                                                  313

             Table 161: Indian Transformers Market (2009-2011):
             Percentage Shares for Domestic Companies and Overseas
             Companies (includes corresponding Graph/Chart)                314
            Competition to Surge in the Substation Market with
             Change in Rules                                               314
            Challenges Worry Industry Players                              314
          Raw Material Supply Scenario                                     315
          Indian Power Sector Overview & Outlook                           315
           Table 162: Planned Capacity Additions in India in the
           Tenth and Eleventh Five-Year Plans by Voltage Class
           (includes corresponding Graph/Chart)                            316
         Australia & New Zealand                                           316
          Bright Prospects Ahead for Transformers and Switchgears          316
          Refurbishment Market                                             317
          Growing Energy Efficiency Concerns                               317
         Southeast Asian Transformers Market - A Review                    318
          Market for Transformers Surges Relentlessly                      318
          Effective Lead Time and Cost-Efficiency Enabling Deeper
           Market Penetration                                              318
         Thailand                                                          319
          Industry Overview                                                319
          Electricity Consumption Revives from Economic Slump              319
          Power Transformers in Thailand - A Highly Consolidated Market    319
          EXIM Trade                                                       320
           Table 163: Thai Exports and Imports of Transformers in
           US$ Million: 2006-2010 (includes corresponding
           Graph/Chart)                                                    320
         South Korea                                                       321
          Table 164: Leading Players in the South Korean
          High-Voltage Transformer Market (2010): Market Share
          Breakdown of Revenues for Hyosung, HHI and Others
          (includes corresponding Graph/Chart)                             321
        Product Launches                                                   321
        Strategic Corporate Developments                                   323
        Focus on Select Key Players                                        336
      B.Market Analytics                                                   339
        Table 165: Rest of Asia-Pacific Recent Past, Current &
        Future Analysis for Transformers (Electricity) by Product
        Type - Power Transformer and Distribution Transformer
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         339

        Table 166: Rest of Asia-Pacific Historic Review for
        Transformers (Electricity) by Product Type - Power
        Transformer and Distribution Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       340

        Table 167: Rest of Asia-Pacific 15-Year Perspective for
        Transformers (Electricity) by Product Type - Percentage
        Breakdown of Dollar Sales for Power Transformer and
        Distribution Transformer Markets for 2003, 2010 & 2017
        (includes corresponding Graph/Chart)                               341

        Table 168: Rest of Asia-Pacific Recent Past, Current &
        Future Analysis for Transformers (Electricity) by Product
        Group/Segment - 500-10,000 Kva Transformers, 10,001-30,000
        Kva Transformers, 30,001-100,000 Kva Transformers, and
        >100,001 Kva Transformers Markets Independently Analyzed
        with Annual Sales Figures in Units for Years 2009 through
        2017 (includes corresponding Graph/Chart)                          342

        Table 169: Rest of Asia-Pacific Historic Review for
        Transformers (Electricity) by Product Group/Segment -
        500-10,000 Kva Transformers, 10,001-30,000 Kva Transformers,
        30,001-100,000 Kva Transformers, and >100,001 Kva
        Transformers Markets Independently Analyzed with Annual
        Sales Figures in Units for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         343

        Table 170: Rest of Asia-Pacific 15-Year Perspective for
        Transformers (Electricity) by Product Group/Segment -
        Percentage Breakdown of Unit Sales for 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             344

  15. LATIN AMERICA                                                        345
      A.Market Analysis                                                    345
        Current & Future Analysis                                          345
         Value Analysis                                                    345
         Volume Analysis                                                   345
        Select Regional Markets                                            346
         Brazil                                                            346
          Table 171: Brazilian Exports of Transformers in US$
          Million: 2004-2008 (includes corresponding Graph/Chart)          346
         Mexico                                                            346
          Table 172: Mexican Imports of Transformers in US$ Million
          by Country of Origin: 2007-2010 (includes corresponding
          Graph/Chart)                                                     347
          Factors Influencing the Market                                   347
          Domestic Production                                              347
          Energy Efficiency Standard                                       347
         Peru                                                              348
          Potential Market for Power Transformers                          348
         Guatemala                                                         348
        Strategic Corporate Developments                                   348
      B.Market Analytics                                                   353
        Table 173: Latin American Recent Past, Current & Future
        Analysis for Transformers (Electricity) by Product Type -
        Power Transformer and Distribution Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       353

        Table 174: Latin American Historic Review for Transformers
        (Electricity) by Product Type - Power Transformer and
        Distribution Transformer Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2003 through
        2008 (includes corresponding Graph/Chart)                          354

        Table 175: Latin American 15-Year Perspective for
        Transformers (Electricity) by Product Type - Percentage
        Breakdown of Dollar Sales for Power Transformer and
        Distribution Transformer Markets for 2003, 2010 & 2017
        (includes corresponding Graph/Chart)                               355

        Table 176: Latin American Recent Past, Current & Future
        Analysis for Transformers (Electricity) by Product
        Group/Segment - 500-10,000 Kva Transformers, 10,001-30,000
        Kva Transformers, 30,001-100,000 Kva Transformers, and
        >100,001 Kva Transformers Markets Independently Analyzed
        with Annual Sales Figures in Units for Years 2009 through
        2017 (includes corresponding Graph/Chart)                          356

        Table 177: Latin American Historic Review for Transformers
        (Electricity) by Product Group/Segment - 500-10,000 Kva
        Transformers, 10,001- 30,000 Kva Transformers,
        30,001-100,000 Kva Transformers, and >100,001 Kva
        Transformers Markets Independently Analyzed with Annual
        Sales Figures in Units for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         357

        Table 178: Latin American 15-Year Perspective for
        Transformers (Electricity) by Product Group/Segment -
        Percentage Breakdown of Unit Sales for 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             358

  16. REST OF WORLD                                                        359
      A.Market Analysis                                                    359
        Current & Future Analysis                                          359
         Value Analysis                                                    359
         Volume Analysis                                                   359
        South African Transformer Market                                   359
         Energy Efficiency Takes Center Stage                              360
         Electricity Crisis to Drive Transformer Equipment Demand in
          South Africa                                                     360
         Major Technological Trends in the Market                          360
         Competitive Scenario                                              361
          Table 179: Leading Players in the South African Power
          Transformer Market by Revenues: 2009 (includes
          corresponding Graph/Chart)                                       361

          Table 180: Leading Players in the South African
          Distribution Transformer Market by Revenues: 2009
          (includes corresponding Graph/Chart)                             361
          Table 181: South African Power Transformer Market Share
           Breakup by End-User: 2010 (includes corresponding Graph/
            Chart)                                                         362
          Table 182: South African Distribution Transformer Market
          Share Breakup by End-User: 2010 (includes corresponding
          Graph/Chart)                                                     362
        The Middle East Market Overview                                    362
         Major Markets                                                     362
         New Challenges Emerge for the Transformers Market                 363
        Strategic Corporate Developments                                   363
        Powertech Transformers (Pty) Ltd. - A Major Transformer
         Manufacturer in South Africa                                      371
      B.Market Analytics                                                   372
        Table 183: Rest of World Recent Past, Current & Future
        Analysis for Transformers (Electricity) by Product Type -
        Power Transformer and Distribution Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2009 through 2017 (includes corresponding
        Graph/Chart)                                                       372

        Table 184: Rest of World Historic Review for Transformers
        (Electricity) by Product Type - Power Transformer and
        Distribution Transformer Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2003 through
        2008 (includes corresponding Graph/Chart)                          373

        Table 185: Rest of World 15-Year Perspective for
        Transformers (Electricity) by Product Type - Percentage
        Breakdown of Dollar Sales for Power Transformer and
        Distribution Transformer Markets for 2003, 2010 & 2018
        (includes corresponding Graph/Chart)                               374

        Table 186: Rest of World Recent Past, Current & Future
        Analysis for Transformers (Electricity) by Product
        Group/Segment - 500-10,000 Kva Transformers, 10,001-30,000
        Kva Transformers, 30,001-100,000 Kva Transformers, and
        >100,001 Kva Transformers Markets Independently Analyzed
        with Annual Sales Figures in Units for Years 2009 through
        2017 (includes corresponding Graph/Chart)                          375

        Table 187: Rest of World Historic Review for Transformers
        (Electricity) by Product Group/Segment - 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets
        Independently Analyzed with Annual Sales Figures in Units
        for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       376

        Table 188: Rest of World 15-Year Perspective for
        Transformers (Electricity) by Product Group/Segment -
        Percentage Breakdown of Unit Sales for 500-10,000 Kva
        Transformers, 10,001-30,000 Kva Transformers, 30,001-100,000
        Kva Transformers, and >100,001 Kva Transformers Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             377


 COMPETITIVE LANDSCAPE

     Total Companies Profiled: 203 (including Divisions/Subsidiaries - 250)

     ------------------------------------------
     Region/Country                     Players
     ------------------------------------------
     The United States                     46
     Canada                                 6
     Japan                                  6
     Europe                                70
      France                                8
      Germany                              11
      The United Kingdom                    6
      Italy                                10
      Spain                                 9
      Rest of Europe                       26
     Asia-Pacific (Excluding Japan)       104
     Latin America                          5
     Africa                                 9
     Middle East                            4
     ------------------------------------------