Distribution Transformers - Global Strategic Business Report

Distribution Transformers - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Feb 16, 2018, 575 Pages
US$4,950.00
GIA-MCP8135

This report analyzes the worldwide markets for Distribution Transformers in US$ by the following Equipment Class: Oil Filled Distribution Transformers, and Dry Type Distribution Transformers. The End-Use Sectors also analyzed in the report include Utility, and Non-Utility. 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 the period 2015 through 2022. Also, a six-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 145 companies including many key and niche players such as -

ASEA Brown Boveri
ASTOR TRANSFORMER A.S
Bharat Heavy Electricals Limited
Bowers Electricals
Crompton Greaves Ltd.
DAIHEN Corporation  

Distribution Transformers - Global Strategic Business Report
TABLE OF CONTENTS

 I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3
       Oil Filled Distribution Transformers                             I-4
       Dry Type Distribution Transformers                               I-4


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Distribution Transformers: Meeting the Distribution Needs of
       the Evolving Electric Power Industry                             II-1
      Deregulation and Its Impact on Power Sector: An Insight           II-5
      Market Fortunes Intrinsically Linked to T&D Network Trends        II-5
       Table 1: Global Installed Capacity (GVA) of Distribution
       Transformers by Region: 2005-2030 (includes corresponding
       Graph/Chart)                                                     II-8
      Spiraling Energy Consumption and Equally Robust Electric Power
       Production Drives the Need for Efficient Power Distribution      II-8
       Table 2: Estimated Global Demand for Primary Energy and
       Electricity for the Years 2015-2035 (includes corresponding
       Graph/Chart)                                                     II-9

       Table 3: Global Net Electricity Generation (in Trillion
       KiloWattHours (KWh)): Growth Trajectory for the Period
       1995-2035 (includes corresponding Graph/Chart)                   II-10

       Table 4: Global Electricity Production by Country (2016):
       Percentage Breakdown of Production Volume for Brazil, Canada,
       China, Germany, India, Japan, Russia, South Korea, United
       Kingdom, United States and Others (includes corresponding
       Graph/Chart)                                                     II-10

       Table 5: Global Electricity Consumption by Country (2016):
       Percentage Breakdown of Consumption Volume for Brazil,
       Canada, China, Germany, India, Japan, Russia, South Korea,
       United States, and Others (includes corresponding
       Graph/Chart)                                                     II-11
       T&D Technology Evolves over the Years to Suffice Surging Demand  II-11
      Global Market Outlook                                             II-13
      Stable Economic Scenario to Augment Market Prospects              II-16
       Table 6: Real GDP Growth Rates (%) in Major World Economies:
       2016-2018P (includes corresponding Graph/Chart)                  II-18

  2. COMPETITION                                                        II-19
      A Moderately Consolidated Market                                  II-19
      ABB: The Largest Transformer Company in the World Built by
       Path-breaking Innovations                                        II-19
       ABB’s Portfolio of High-Efficiency Transformers                  II-20
        Table 7: Leading Players in the World Distribution
        Transformers Market (2017E): Percentage Breakdown of Dollar
        Sales for ABB, Schneider, Siemens, and Others (includes
        corresponding Graph/Chart)                                      II-21
      Competition: Noteworthy Trends                                    II-21
       Competitive Pressures Continue to Build Up                       II-21
       Collaboration: A Buzzword in the Transformers Industry           II-21
       Distribution Transformers Market Undergoes Consolidation         II-22
        Select M&A Deals in the World Electrical Transformers Market
         (2014-2017)                                                    II-22
       Green Solutions Take Precedence in Transformer Designs           II-23
       Volatile Raw Material Costs Impact Distribution Transformer
        Pricing                                                         II-23
       Hardening Raw Material Prices Exert Significant Influence on
        Transformer Designs                                             II-23
       Customer Loyalty: Imperative for Sustenance                      II-24

  3. MARKET TRENDS, ISSUES & DRIVERS                                    II-25
      Surging Demand for Smart Transformers Drive Steady Market Growth  II-25
       Table 8: Global Smart Transformers Market - Annual Revenue
       Figures in US$ Million for Years 2014, 2016, 2018 & 2020
       (includes corresponding Graph/Chart)                             II-26
       Smart Transformers for Smarter Power Transmission and
        Distribution                                                    II-27
        Traditional Vs. Smart Transformers: A Comparison                II-28
       Smart Transformers for Effective Power Loss Management           II-29
       Smart Distribution Transformers: Vital to Asset Monitoring       II-29
       Spiraling Smart Grid Technologies Spend: An Important
        Opportunity Indicator for Smart Transformers                    II-30
        Table 9: Global Spend on Smart Grid Technologies by Region
        (2014, 2017E & 2020P): Cumulative Spending (in US$ Billion)
        for Asia-Pacific (incl. China), Europe, Latin America, and
        North America (includes corresponding Graph/Chart)              II-31
        Distribution Transformers with On-Load Tap Changers to Play
         Critical Role in Smart Grids                                   II-31
        Major Applications of Smart Transformers in the Smart Grid      II-32
         Connection between LV and MV Grids                             II-32
         Connection between Loads and MV Grid                           II-33
         Application between Distribution Grids                         II-33
         Application between Power Generation Source and
          Distribution Grid or Load                                     II-33
         Interface for Smart Grids and Distributed Generation           II-33
      Growing Need for Energy Savings Drive Demand for Higher
       Efficiency Distribution Transformers                             II-33
       Huge Savings Potential of Higher Efficiency Distribution
        Transformers                                                    II-34
       Key Barriers to Adoption of Higher Efficiency Distribution
        Transformers                                                    II-34
       The Integrated Policy Approach for Transition to Higher
        Efficiency Distribution Transformers                            II-35
       Efforts for Making Energy Performance of Distribution
        Transformers More Visible                                       II-36
       Universal Adoption of MEPS Needed for More Savings               II-36
       Economic Incentives Encourage Distribution Networks to Adopt
        Higher Efficiency Transformers                                  II-37
       Need for Policy Frameworks                                       II-37
       Public Policies Concerning Transformers at the Product,
        Utility and Market Levels                                       II-37
        Product Level                                                   II-37
        Utility Level                                                   II-38
        Market Level                                                    II-38
      Surging New Capacity Additions: A Business Case for the Power
       Distribution Industry                                            II-38
      Upgrades & Expansion Projects Drive Strong Demand in Asian
       Countries                                                        II-39
       Table 10: Global Distribution Transformers Market -
       Geographic Regions Ranked by CAGR (Value) for 2015-2022:
       Asia-Pacific, Latin America, Rest of World, US, Canada,
       Europe, and Japan (includes corresponding Graph/Chart)           II-40
       Rural Electrification Promote Market Adoption                    II-40
        Table 11: World Electricity Accessibility (% of Population
        with Access to Electricity) in Select Countries (2014)
        (includes corresponding Graph/Chart)                            II-41
      Developed Markets Dependent on Replacement and Upgrades Demand    II-42
      Steady Demand from Industrial, Commercial & Residential
       Sectors Lend Traction to Market Growth                           II-42
       Positive Outlook for the Global Construction Industry
        Benefits Market Expansion                                       II-42
       Table 12: Global Electricity Consumption by Sector (2016):
       Percentage Breakdown of Electricity Consumed (in Mtoe) for
       Industry, Transport, and Others (includes corresponding
       Graph/Chart)                                                     II-44

       Table 13: Projected Expansion of the Construction Industry to
       Spur Robust Opportunities: World Construction Industry Size
       (in US$ Trillion) for the Year 2010, 2016, 2020P & 2025P
       (includes corresponding Graph/Chart)                             II-44

       Table 14: Growth in the Global Construction Market by Sector:
       2013-2020 (includes corresponding Graph/Chart)                   II-44

       Table 15: Global Construction Market by Region (2015 &
       2020P): Percentage Breakdown of Construction Spending for
       Asia, Western Europe, North America, Latin America, Eastern
       Europe, Africa, and Middle East (includes corresponding
       Graph/Chart)                                                     II-45

       Table 16: Global Infrastructure Investment by Investment Area
       (2014-2030): Breakdown of Investment (in US$ Trillion) for
       Airports, Ports, Power, Railways, Roadways, Telecom, and
       Water (includes corresponding Graph/Chart)                       II-46

       Table 17: Airport Construction Projects Worldwide by
       Geographic Region (2015): Breakdown of Investment (in US$
       Billion) and Number of Projects (includes corresponding
       Graph/Chart)                                                     II-47
      Disruptions in Transmission and Distribution Provide
       Opportunities                                                    II-48
      Stabilizing Regulatory Environment Benefits Market Expansion      II-48
       New Zealand and Australia                                        II-49
       Brazil                                                           II-49
       Canada                                                           II-49
       China                                                            II-50
       Europe                                                           II-50
       India                                                            II-51
       Israel                                                           II-51
       Japan                                                            II-51
       Korea                                                            II-52
       Mexico                                                           II-52
       The United States                                                II-52
       Implementation of Energy Efficiency Standards Bodes Well for
        the Market                                                      II-53
      Growing Threat of Global Warming Stokes Demand for Green
       Distribution Transformers                                        II-53
       Domestic Targets for Greenhouse Gas Emissions of Select
        Regions/Countries                                               II-54
       Green Transformer Program Supports Environmental Protection      II-54
       Benefits of Low-Loss Transformers                                II-55
       Transformers Going Green, Ester Used for Insulation Purposes     II-55
        Advantages of Natural Ester Fluid                               II-56
        Natural Ester Fluid-Based Amorphous Transformers                II-56
      Energy Losses during Electricity Distribution Reinforces the
       Need for Efficient Equipment                                     II-56
       Table 18: Global Estimated Network Losses (excluding Theft)
       (1980-2011): Electricity Losses (TWh) for Africa, Central &
       South America, China, India, Japan, Republic of Korea,
       Australia/New Zealand, Rest of Asia/Oceania, Europe, Former
       Soviet Union (FSU), Middle East, and North America (includes
       corresponding Graph/Chart)                                       II-58
      Favorable Demographic and Urbanization Trends Strengthens
       Market Prospects                                                 II-59
       Ballooning Global Population                                     II-59
        Table 19: World Population (in Millions) by Geographic
        Region: 2000, 2010, 2015, 2020, 2030, 2040, and 2050
        (includes corresponding Graph/Chart)                            II-60
       Exponential Increase in Global Urban Population                  II-60
        Table 20: World Urban Population in Thousands: 1950-2050P
        (includes corresponding Graph/Chart)                            II-61

        Table 21: Degree of Urbanization Worldwide: Urban Population
        as a % of Total Population by Geographic Region for the
        Years 1990, 2014 & 2050 (includes corresponding Graph/Chart)    II-62

        Table 22: Global Urbanization Rate (% of Total Population)
        in Developing Countries and Industrialized Countries: 1950
        through 2040 (includes corresponding Graph/Chart)               II-63

  4. TRANSFORMER INNOVATIONS & ADVANCEMENTS                             II-64
      Technological Advances to Transform Distribution Transformers
       Design and Functionality                                         II-64
       Notable Smart Transformer Innovations                            II-64
      Intelligent Transformer Substations Improve Distribution Grid
       Stability                                                        II-65
       Intelligent Solutions for Distribution Grids                     II-65
       Advanced Design                                                  II-66
       Adoption of Regulated Distribution Transformers                  II-66
      Neutron Grating Interferometry for Transformers                   II-67
      ABB Unveils Transformer Intelligence™                             II-67
      Modern Transformer Core Technology to Develop Low-Loss
       Transformers                                                     II-68
       Amorphous Core Helps to Reduce Iron Losses in Transformers       II-68
      Completely Self-Protected (CSP) Transformers                      II-69
       Primary Fuse                                                     II-69
       Secondary Circuit Breaker                                        II-69
       Surge Arrester                                                   II-69
      Whispering Transformer from Siemens: A Major Landmark in Eco-
       Friendly Energy Infrastructure                                   II-70
      Wireless Power Transmission: The Future of Energy Transmission
       Technology                                                       II-70
      Distribution Transformers to Benefit from the Nanotechnology
       Advantage                                                        II-70
      Dry-Type Transformers: Fast Replacing Oil-Type Transformers
       Owing to Superior Features                                       II-71
      Amorphous Metal Transformers Lowers Losses and Emissions          II-71
       AMTs Gain Wide Acceptance in Developing Countries                II-73
      Solid-state Transformers (SSTs)                                   II-73
       SST Design from FREEDM Center                                    II-73
      Advanced Distribution Devices from Duke Energy’s Pilot Project    II-74
      Hexaformers: A New Breed of Transformers                          II-74
      Voltage Regulated Distribution Transformers: Future of Solar
       Photovoltaic Installations                                       II-74
      Growing Adoption of High Voltage Direct Current (HVDC) Bodes
       Well for the Market                                              II-75
       Table 23: Installed Capacity of HVDC at 800 kV for the Years
       2005, 2010 & 2015 (includes corresponding Graph/Chart)           II-75
      Research & Development Initiatives that are Garnering
       Significant Market Interest                                      II-76
       Low Resistivity Contacts in Iron-Pnictide Based
        Superconductor Applications                                     II-76
       Aluminum-Alkaline Metal-Metal Composite Conductors               II-76
       Hydrogen Fluoride (HF) Gas Pressure Control for Enhanced High
        Temperature Superconductors                                     II-76
       Catalytic Substrates Based Super Conducting Cuprates             II-77
       Electro-Deposition for Substrate Based Bi-axial Textured Layers  II-77

  5. PRODUCT OVERVIEW                                                   II-78
      Transformers: Definition                                          II-78
       FIGURE: Electricity Generation and Transmission Ecosystem        II-78
        Table 24: Categorization of Distribution Transformers based
        on Their Capacities                                             II-79
      Architecture of Transformers                                      II-79
      Transformer Failure                                               II-80
       Reasons for Transformer Failure                                  II-81
        Contaminants                                                    II-81
        Fault Currents                                                  II-81
        Usage beyond Stipulated Thermal Limits                          II-81
        Corrosion                                                       II-81
        Electromagnetic Disturbances                                    II-81
       Transformer Efficiency                                           II-82
      Distribution Transformers                                         II-82
       Power Transformers and Distribution Transformers: A Comparison   II-83
       Classification of Distribution Transformers                      II-83
        Distribution Transformers by Insulation                         II-83
         Oil Filled Distribution Transformers                           II-84
         Dry Type Distribution Transformers                             II-84
        Distribution Transformers by Application                        II-84
       Uses of Distribution Transformers                                II-84
       Transformer Losses                                               II-85
        No-Load Loss                                                    II-85
        Load Loss                                                       II-85
        Cooling Loss                                                    II-85
      History of Transformers                                           II-85

  6. PRODUCT INTRODUCTIONS/INNOVATIONS                                  II-86
      Hammond Power Releases Sentinel G3 1PH DOE Transformer in US      II-86
      ABB Unveils Longer-Life Distribution Transformer TXtreme          II-86
      ABB Launches TXpert™ Digital Distribution Transformer             II-86
      Howard Industries Rolls Out Medium Voltage Dry-Type Transformers  II-86
      ABB Launches Innovative Traction Transformer                      II-86
      Siemens Receives Order to Supply Distribution Transformers to
       Netze BW                                                         II-86
      GE Launches Next-Generation Transformer                           II-86

  7. RECENT INDUSTRY ACTIVITY                                           II-87
      GE to Relocate Headquarters to Boston                             II-87
      Pioneer Power Bags New Contract to Supply Submersible
       Transformers                                                     II-87
      Pioneer Power Wins New Contract to Supply Liquid-Filled
       Network Transformers                                             II-87
      WEG Acquires CG Power USA                                         II-87
      ERMCO to Acquire GridBridge                                       II-87
      Hammond Power Appoints Jebco As Regional Distributor              II-87
      One Equity Partners Acquires SGB-SMIT                             II-87
      Kirloskar Electric Appoints Jakson and Company as Regional
       Distributor                                                      II-88
      Altron to Divest Stake in Powertech Transformers to SGB-SMIT      II-88
      Franklin Electric Acquires Assets of GridSense                    II-88
      Mitsubishi Electric Bags IRIS Certification for its Traction
       Transformers                                                     II-88
      Crompton Greaves Cancels T&D Business Sale Agreement with
       First Reserve                                                    II-88
      Transmission & Distribution Systems Bags Two Major Contracts
       in India                                                         II-88
      General Electric Renames Alstom India as GE Power India           II-88
      Wilson Transformer Launches Sales Office in Singapore             II-89
      ABB Inaugurates New Production Facility in Johannesburg           II-89
      ABB Receives Order to Supply Energy-Efficient Transformers        II-89
      ABB Receives Order to Supply Special Transformers for Wind
       Turbines                                                         II-89
      MR Takes over Majority Stake in CEDASPE power Srl.                II-89
      Siemens Receives Order to Supply Distribution Transformers to
       Iraq                                                             II-89
      PPI to Divest Power Partners to OpenGate Capital                  II-89
      Hitachi HVB Changes Name to Hitachi T&D Solutions                 II-89
      Toshiba Receives Supply Order from Kenya Power & Lighting Company II-90
      SP Energy Networks Receives Order for Electric Distribution
       Transformers                                                     II-90
      IMEFY Receives ERDF Approval for Oil Immersed Distribution
       Transformers                                                     II-90
      GE Acquires Alstom’s Power and Grid Businesses                    II-90
      CG Sells Canadian Power Transformer Business to PTI               II-90
      Avantha Receives Order for Power Transformers from PT PLN         II-90
      Hitachi Establishes JV with Soe Electric and Machinery            II-90
      Avantha Group Company CG to Supply Distribution Controllers to
       Energias de Portugal                                             II-91
      ABB Receives Order to Supply Transformers for Electric Rail
       Fleet in South Africa                                            II-91
      Grey Mountain Partners Takes Over Sunbelt Transformer             II-91
      IMEFY Renews Certificate for Distribution & Power Transformers    II-91
      Pioneer Power Solutions Receives Order for Supply of Energy-
       Efficient Transformers                                           II-91
      Pioneer Power Solutions to Merge Dry-Type Transformer Plants
       in North America                                                 II-91
      Energa Inks Supply Agreement with Imefy                           II-91
      IMEFY Wins Contract from Enea to Manufacture Distribution
       Transformers                                                     II-91
      IMEFY Receives Supply Order from PGE                              II-92
      Hydro-Quebec Inks Contract with Pioneer Transformers to
       Manufacture Distribution Transformers                            II-92
      Imefy Receives Order from TAURON to Supply Oil & Resin
       Transformers                                                     II-92

  8. FOCUS ON SELECT PLAYERS                                            II-93
      ASEA Brown Boveri (ABB) (Switzerland)                             II-93
      ASTOR TRANSFORMER A.S (Turkey)                                    II-93
      Bharat Heavy Electricals Limited (India)                          II-94
      Bowers Electricals (UK)                                           II-94
      Crompton Greaves Ltd. (India)                                     II-95
      DAIHEN Corporation (Japan)                                        II-96
      Diamond Power Infrastructure Limited (India)                      II-96
      Eaton Corporation plc (Ireland)                                   II-96
      EFACEC Group (Portugal)                                           II-97
      EMCO Ltd. (India)                                                 II-97
      Emerson Electric Co. (USA)                                        II-98
       Appleton Group (USA)                                             II-98
      ETEL Transformers Pty Ltd. (Australia)                            II-99
      Federal Pacific (USA)                                             II-99
      General Electric Company (USA)                                    II-99
      Hammond Power Solutions, Inc. (Canada)                            II-100
      Howard Industries, Inc. (USA)                                     II-100
      Hubbell Incorporated (USA)                                        II-101
      Hyosung Power & Industrial Systems Performance Group (South
       Korea)                                                           II-101
      Hyundai Heavy Industries Co., Ltd. (South Korea)                  II-102
      Imefy Group (Spain)                                               II-102
      IMP Power Limited (India)                                         II-103
      JSHP Transformer (China)                                          II-103
      Kirloskar Electric Company Limited (India)                        II-103
      KONCAR - Elektroindustrija d.d. (Croatia)                         II-104
      Marsons Limited (India)                                           II-104
      MGM Transformer Company (USA)                                     II-104
      Mitsubishi Electric Corporation (Japan)                           II-104
      Ormazabal Cotradis (Spain)                                        II-105
      Pioneer Power Solutions, Inc. (USA)                               II-105
       Bemag Transformer (Canada)                                       II-105
       Jefferson Electric (USA)                                         II-106
       Harmonics Limited (USA)                                          II-106
      Schneider Electric SE (France)                                    II-107
      SGB-SMIT Group (Germany)                                          II-107
      Shihlin Electric & Engineering Corporation (Taiwan)               II-107
      Siemens AG (Germany)                                              II-108
      Tebian Electric Apparatus Stock Co., Ltd. (TBEA) (China)          II-108
      Technical Associates Ltd. (India)                                 II-109
      VanTran Industries, Inc. (USA)                                    II-109
      Wilson Power Solutions (UK)                                       II-109
      Wilson Transformer Company (Australia)                            II-110

  9. GLOBAL MARKET PERSPECTIVE                                          II-111
      Table 25: 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
      Revenues in US$ Million for Years 2015 through 2022 (includes
      corresponding Graph/Chart)                                        II-111

      Table 26: 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 Revenues in US$ Million for
      Years 2009 through 2014 (includes corresponding Graph/Chart)      II-112

      Table 27: World 14-Year Perspective for Distribution
      Transformers by Geographic Region - Percentage Breakdown of
      Revenues for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets for
      Years 2009, 2017 & 2022 (includes corresponding Graph/Chart)      II-113

      Distribution Transformers by Equipment Class                      II-114
      Table 28: World Recent Past, Current & Future Analysis for Dry
      Type Distribution Transformers by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
      America and Rest of World Markets Independently Analyzed with
      Annual Revenues in US$ Million for Years 2015 through 2022
      (includes corresponding Graph/Chart)                              II-114

      Table 29: World Historic Review for Dry Type Distribution
      Transformers by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America and Rest of
      World Markets Independently Analyzed with Annual Revenues in
      US$ Million for Years 2009 through 2014 (includes
      corresponding Graph/Chart)                                        II-115

      Table 30: World 14-Year Perspective for Dry Type Distribution
      Transformers by Geographic Region - Percentage Breakdown of
      Revenues for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets for
      Years 2009, 2017 & 2022 (includes corresponding Graph/Chart)      II-116

      Table 31: World Recent Past, Current & Future Analysis for Oil
      Filled Distribution Transformers by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
      America and Rest of World Markets Independently Analyzed with
      Annual Revenues in US$ Million for Years 2015 through 2022
      (includes corresponding Graph/Chart)                              II-117

      Table 32: World Historic Review for Oil Filled Distribution
      Transformers by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America and Rest of
      World Markets Independently Analyzed with Annual Revenues in
      US$ Million for Years 2009 through 2014 (includes
      corresponding Graph/Chart)                                        II-118

      Table 33: World 14-Year Perspective for Oil Filled
      Distribution Transformers by Geographic Region - Percentage
      Breakdown of Revenues for US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America and Rest of
      World Markets for Years 2009, 2017 & 2022 (includes
      corresponding Graph/Chart)                                        II-119

      Distribution Transformers by Application                          II-120
      Table 34: World Recent Past, Current & Future Analysis for
      Distribution Transformers in Utility Applications by
      Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets
      Independently Analyzed with Annual Revenues in US$ Million for
      Years 2015 through 2022 (includes corresponding Graph/Chart)      II-120

      Table 35: World Historic Review for Distribution Transformers
      in Utility Applications by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Latin America
      and Rest of World Markets Independently Analyzed with Annual
      Revenues in US$ Million for Years 2009 through 2014 (includes
      corresponding Graph/Chart)                                        II-121

      Table 36: World 14-Year Perspective for Distribution
      Transformers in Utility Applications by Geographic Region -
      Percentage Breakdown of Revenues for US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Latin America and Rest
      of World Markets for Years 2009, 2017 & 2022 (includes
      corresponding Graph/Chart)                                        II-122

      Table 37: World Recent Past, Current & Future Analysis for
      Distribution Transformers in Non-Utility Applications by
      Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets
      Independently Analyzed with Annual Revenues in US$ Million for
      Years 2015 through 2022 (includes corresponding Graph/Chart)      II-123

      Table 38: World Historic Review for Distribution Transformers
      in Non-Utility Applications by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Latin America
      and Rest of World Markets Independently Analyzed with Annual
      Revenues in US$ Million for Years 2009 through 2014 (includes
      corresponding Graph/Chart)                                        II-124

      Table 39: World 14-Year Perspective for Distribution
      Transformers in Non-Utility Applications by Geographic Region - 
      Percentage Breakdown of Revenues for US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Latin America and Rest
      of World Markets for Years 2009, 2017 & 2022 (includes
      corresponding Graph/Chart)                                        II-125


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Bourgeoning Electricity Demand Fuels Healthy Market Growth      III-1
         Table 40: Electricity Demand (Billion KWh) in the United
         States: 1980-2040 (includes corresponding Graph/Chart)         III-2
        Transformer Replacements & Capacity Additions Drive Market
         Growth                                                         III-2
         Table 41: Transmission & Distribution Spending ($ Billion)
         in the United States: 1990-2009 & 2010-2030 (includes
         corresponding Graph/Chart)                                     III-3
         Infrastructure Spend by Government Bodies and Institutions
          Spur Demand                                                   III-3
        Higher Emphasis on Renewable Energy Triggers New Opportunities  III-3
         Table 42: US Power Generation Capacity by Energy Source
         (2010 & 2020P): Percentage Breakdown of Power Generation
         Capacity from Gas, Coal, Nuclear, Renewable Energy, Hydro,
         and Oil Sources (includes corresponding Graph/Chart)           III-4
        Industrial & Electric Utilities: Dominant End-use Sectors
         for T&D Equipment                                              III-4
         Table 43: US Electric Power T&D Equipment Market by End-use
         Sector (2017E): Breakdown of Demand for Residential,
         Commercial, Electric Utility, Industrial and Others
         (includes corresponding Graph/Chart)                           III-5

         Table 44: Energy Consumption in the United States by
         End-use Sector (2008, 2016 & 2020P): Breakdown of
         Electricity Consumption (in Billion Kilowatt Hours) for
         Residential, Commercial, and Industrial (includes
         corresponding Graph/Chart)                                     III-5
        Steady Recovery in Construction Activity Benefits Market
         Expansion                                                      III-6
         Residential Construction Outlook                               III-6
         Non-Residential Building Construction Outlook                  III-6
          Table 45: Residential Construction in the US (2007-2017P):
          Number of Housing Starts by Type - Single-Family Units and
          Multi-Family Units (in ‘000) (includes corresponding
          Graph/Chart)                                                  III-7

          Table 46: Projected Growth in the US Construction Market
          by Sector (2015-2022) (includes corresponding Graph/Chart)    III-8

          Table 47: US Non-Residential Construction Market by
          Segment (2017E): Percentage Breakdown of Investments for
          Commercial & Office, Industrial & Others, and
          Institutional (includes corresponding Graph/Chart)            III-8

          Table 48: Private Non-Residential Construction Market in
          the US by Sector (2017E): Percentage Breakdown of
          Construction Spend for Commercial, Communication,
          Education, Healthcare, Lodging, Manufacturing, Office,
          Power, and Others (includes corresponding Graph/Chart)        III-8

          Table 49: Public Non-Residential Construction Market in
          the US by Sector (2017E): Percentage Breakdown of
          Construction Spend for Educational, Health, Highway &
          Street, Office, Power, Sewage, Transportation, Water
          Supply, and Others (includes corresponding Graph/Chart)       III-9
        New DoE Regulations Poised to Increase Distribution
         Transformers Efficiency                                        III-9
         The New Standards                                              III-10
        Competitive Landscape                                           III-11
         Table 50: Leading Players in the US Electric Power T&D
         Equipment Market (2017E): Percentage Breakdown of Sales for
         ABB, Eaton, GE, Schneider, Siemens, and Others (includes
         corresponding Graph/Chart)                                     III-12
        North American T&D Infrastructure: A Macro Perspective          III-12
         Notable T&D Investments                                        III-12
         Primary Drivers                                                III-13
          Inadequate and Aging T&D Infrastructure                       III-13
          Need for Reliable Power Supply                                III-14
          Regulatory Landscape                                          III-14
          Demand for Outsourced Providers                               III-15
          Focus on Renewable Energy Generation                          III-15
          Proliferation of Oil & Gas Production                         III-15
          Transition from Coal to Natural Gas Generation                III-16
        Product Launches                                                III-16
        Strategic Corporate Developments                                III-17
        Select Key Players                                              III-19
      B.Market Analytics                                                III-24
        Table 51: US Recent Past, Current & Future Analysis for
        Distribution Transformers by Equipment Class - Dry Type Low
        Voltage, Dry Type Medium Voltage, Oil Filled Medium Voltage
        Single Phase, and Oil Filled Medium Voltage Three Phase
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-24

        Table 52: US Historic Review for Distribution Transformers
        by Equipment Class - Dry Type Low Voltage, Dry Type Medium
        Voltage, Oil Filled Medium Voltage Single Phase, and Oil
        Filled Medium Voltage Three Phase Transformer Markets
        Independently Analyzed with Annual Revenues in US$ Thousand
        for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-25

        Table 53: US 14-Year Perspective for Distribution
        Transformers by Equipment Class - Percentage Breakdown of
        Revenues for Dry Type Low Voltage, Dry Type Medium Voltage,
        Oil Filled Medium Voltage Single Phase, and Oil Filled
        Medium Voltage Three Phase Transformer Markets for Years
        2009, 2017 & 2022 (includes corresponding Graph/Chart)          III-26

        Table 54: US Recent Past, Current & Future Analysis for
        Distribution Transformers by Application - Utility and
        Non-Utility Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-27

        Table 55: US Historic Review for Distribution Transformers
        by Application - Utility and Non-Utility Markets
        Independently Analyzed with Annual Revenues in US$ Thousand
        for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-28

        Table 56: US 14-Year Perspective for Distribution
        Transformers by Application - Percentage Breakdown of
        Revenues for Utility and Non-Utility Markets for Years 2009,
        2017 & 2022 (includes corresponding Graph/Chart)                III-29

  2. CANADA                                                             III-30
      A.Market Analysis                                                 III-30
        Market Overview                                                 III-30
        Regulatory Scenario in Canada                                   III-30
         Table 57: Canada Voluntary Standards for Liquid-Type
         Distribution Transformers                                      III-31
        Strategic Corporate Developments                                III-31
        Select Key Players                                              III-32
      B.Market Analytics                                                III-33
        Table 58: Canadian Recent Past, Current & Future Analysis
        for Distribution Transformers by Equipment Class - Dry Type
        and Oil Filled Transformer Markets Independently Analyzed
        with Annual Revenues in US$ Thousand for Years 2015 through
        2022 (includes corresponding Graph/Chart)                       III-33

        Table 59: Canadian Historic Review for Distribution
        Transformers by Equipment Class - Dry Type and Oil Filled
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-34

        Table 60: Canadian 14-Year Perspective for Distribution
        Transformers by Equipment Class - Percentage Breakdown of
        Revenues for Dry Type and Oil Filled Transformer Markets for
        Years 2009, 2017 & 2022 (includes corresponding Graph/Chart)    III-35

        Table 61: Canadian Recent Past, Current & Future Analysis
        for Distribution Transformers by Application - Utility and
        Non-Utility Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-36

        Table 62: Canadian Historic Review for Distribution
        Transformers by Application - Utility and Non-Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-37

        Table 63: Canadian 14-Year Perspective for Distribution
        Transformers by Application - Percentage Breakdown of
        Revenues for Utility and Non-Utility Markets for Years 2009,
        2017 & 2022 (includes corresponding Graph/Chart)                III-38

  3. JAPAN                                                              III-39
      A.Market Analysis                                                 III-39
        Regulatory Scenario in Japan                                    III-39
         Table 64: Japanese Top Runner Program for 60 Hz
         Single-Phase and Three-Phase Oil-filled Transformers with
         Standards Converted to Efficiency                              III-39
        Strategic Corporate Developments                                III-40
        Select Key Players                                              III-40
      B.Market Analytics                                                III-41
        Table 65: Japanese Recent Past, Current & Future Analysis
        for Distribution Transformers by Equipment Class - Dry Type
        and Oil Filled Transformer Markets Independently Analyzed
        with Annual Revenues in US$ Thousand for Years 2015 through
        2022 (includes corresponding Graph/Chart)                       III-41

        Table 66: Japanese Historic Review for Distribution
        Transformers by Equipment Class - Dry Type and Oil Filled
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-42

        Table 67: Japanese 14-Year Perspective for Distribution
        Transformers by Equipment Class - Percentage Breakdown of
        Revenues for Dry Type and Oil Filled Transformer Markets for
        Years 2009, 2017 & 2022 (includes corresponding Graph/Chart)    III-43

        Table 68: Japanese Recent Past, Current & Future Analysis
        for Distribution Transformers by Application - Utility and
        Non-Utility Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-44

        Table 69: Japanese Historic Review for Distribution
        Transformers by Application - Utility and Non-Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-45

        Table 70: Japanese 14-Year Perspective for Distribution
        Transformers by Application - Percentage Breakdown of
        Revenues for Utility and Non-Utility Markets for Years 2009,
        2017 & 2022 (includes corresponding Graph/Chart)                III-46

  4. EUROPE                                                             III-47
      A.Market Analysis                                                 III-47
        Europe: A Matured Market for Transformers                       III-47
         Factual Snippets From Across Europe                            III-47
        Transformer Sales to Benefit from the Evolution of Smart Grids  III-48
        Value Added Services to Improve Growth Prospects                III-48
        Electric Utilities: Major End-user of Distribution Transformers III-48
        Life Span of Transformers                                       III-49
        Recession Alters Production and Demand Scenario                 III-49
        Overview of European Power Regulatory Framework                 III-50
         Establishment of Internal Energy Market                        III-50
        Overview of European Energy Efficiency Standards                III-50
         Table 71: Current European Distribution Transformer Loss
         Standards                                                      III-51
      B.Market Analytics                                                III-52
        Table 72: European Recent Past, Current & Future Analysis
        for Distribution Transformers by Geographic Region - France,
        Germany, Italy, UK, Spain, Russia and Rest of Europe Markets
        Independently Analyzed with Annual Revenues in US$ Thousand
        for Years 2015 through 2022 (includes corresponding
        Graph/Chart)                                                    III-52

        Table 73: European Historic Review for Distribution
        Transformers by Geographic Region - France, Germany, Italy,
        UK, Spain, Russia and Rest of Europe Markets Independently
        Analyzed with Annual Revenues in US$ Thousand for Years 2009
        through 2014 (includes corresponding Graph/Chart)               III-53

        Table 74: European 14-Year Perspective for Distribution
        Transformers by Geographic Region - Percentage Breakdown of
        Revenues for France, Germany, Italy, UK, Spain, Russia and
        Rest of Europe Markets for Years 2009, 2017 & 2022 (includes
        corresponding Graph/Chart)                                      III-54

        Table 75: European Recent Past, Current & Future Analysis
        for Distribution Transformers by Equipment Class - Dry Type
        and Oil Filled Transformer Markets Independently Analyzed
        with Annual Revenues in US$ Thousand for Years 2015 through
        2022 (includes corresponding Graph/Chart)                       III-55

        Table 76: European Historic Review for Distribution
        Transformers by Equipment Class - Dry Type and Oil Filled
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-56

        Table 77: European 14-Year Perspective for Distribution
        Transformers by Equipment Class - Percentage Breakdown of
        Revenues for Dry Type and Oil Filled Transformer Markets for
        Years 2009, 2017 & 2022 (includes corresponding Graph/Chart)    III-57

        Table 78: European Recent Past, Current & Future Analysis
        for Distribution Transformers by Application - Utility and
        Non-Utility Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-58

        Table 79: European Historic Review for Distribution
        Transformers by Application - Utility and Non-Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-59

        Table 80: European 14-Year Perspective for Distribution
        Transformers by Application - Percentage Breakdown of
        Revenues for Utility and Non-Utility Markets for Years 2009,
        2017 & 2022 (includes corresponding Graph/Chart)                III-60

  4a. FRANCE                                                            III-61
      A.Market Analysis                                                 III-61
        Key Player                                                      III-61
      B.Market Analytics                                                III-62
        Table 81: French Recent Past, Current & Future Analysis for
        Distribution Transformers by Equipment Class - Dry Type and
        Oil Filled Transformer Markets Independently Analyzed with
        Annual Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-62

        Table 82: French Historic Review for Distribution
        Transformers by Equipment Class - Dry Type and Oil Filled
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-63

        Table 83: French 14-Year Perspective for Distribution
        Transformers by Equipment Class - Percentage Breakdown of
        Revenues for Dry Type and Oil Filled Transformer Markets for
        Years 2009, 2017 & 2022 (includes corresponding Graph/Chart)    III-64

        Table 84: French Recent Past, Current & Future Analysis for
        Distribution Transformers by Application - Utility and
        Non-Utility Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-65

        Table 85: French Historic Review for Distribution
        Transformers by Application - Utility and Non-Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-66

        Table 86: French 14-Year Perspective for Distribution
        Transformers by Application - Percentage Breakdown of
        Revenues for Utility and Non-Utility Markets for Years 2009,
        2017 & 2022 (includes corresponding Graph/Chart)                III-67

  4b. GERMANY                                                           III-68
      A.Market Analysis                                                 III-68
        EU Regulation Paves Way for High Efficiency Amorphous
         Transformers in Germany                                        III-68
        Product Launch                                                  III-68
        Strategic Corporate Development                                 III-69
        Select Key Players                                              III-69
      B.Market Analytics                                                III-70
        Table 87: German Recent Past, Current & Future Analysis for
        Distribution Transformers by Equipment Class - Dry Type and
        Oil Filled Transformer Markets Independently Analyzed with
        Annual Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-70

        Table 88: German Historic Review for Distribution
        Transformers by Equipment Class - Dry Type and Oil Filled
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-71

        Table 89: German 14-Year Perspective for Distribution
        Transformers by Equipment Class - Percentage Breakdown of
        Revenues for Dry Type and Oil Filled Transformer Markets for
        Years 2009, 2017 & 2022 (includes corresponding Graph/Chart)    III-72

        Table 90: German Recent Past, Current & Future Analysis for
        Distribution Transformers by Application - Utility and
        Non-Utility Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-73

        Table 91: German Historic Review for Distribution
        Transformers by Application - Utility and Non-Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-74

        Table 92: German 14-Year Perspective for Distribution
        Transformers by Application - Percentage Breakdown of
        Revenues for Utility and Non-Utility Markets for Years 2009,
        2017 & 2022 (includes corresponding Graph/Chart)                III-75

  4c. ITALY                                                             III-76
      A.Market Analysis                                                 III-76
        Italian Electricity Regulatory Framework                        III-76
        Strategic Corporate Development                                 III-76
      B.Market Analytics                                                III-77
        Table 93: Italian Recent Past, Current & Future Analysis for
        Distribution Transformers by Equipment Class - Dry Type and
        Oil Filled Transformer Markets Independently Analyzed with
        Annual Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-77

        Table 94: Italian Historic Review for Distribution
        Transformers by Equipment Class - Dry Type and Oil Filled
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-78

        Table 95: Italian 14-Year Perspective for Distribution
        Transformers by Equipment Class - Percentage Breakdown of
        Revenues for Dry Type and Oil Filled Transformer Markets for
        Years 2009, 2017 & 2022 (includes corresponding Graph/Chart)    III-79

        Table 96: Italian Recent Past, Current & Future Analysis for
        Distribution Transformers by Application - Utility and
        Non-Utility Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-80

        Table 97: Italian Historic Review for Distribution
        Transformers by Application - Utility and Non-Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-81

        Table 98: Italian 14-Year Perspective for Distribution
        Transformers by Application - Percentage Breakdown of
        Revenues for Utility and Non-Utility Markets for Years 2009,
        2017 & 2022 (includes corresponding Graph/Chart)                III-82

  4d. THE UNITED KINGDOM                                                III-83
      A.Market Analysis                                                 III-83
        Strategic Corporate Development                                 III-83
        Select Key Players                                              III-83
      B.Market Analytics                                                III-84
        Table 99: UK Recent Past, Current & Future Analysis for
        Distribution Transformers by Equipment Class - Dry Type and
        Oil Filled Transformer Markets Independently Analyzed with
        Annual Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-84

        Table 100: UK Historic Review for Distribution Transformers
        by Equipment Class - Dry Type and Oil Filled Transformer
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-85

        Table 101: UK 14-Year Perspective for Distribution
        Transformers by Equipment Class - Percentage Breakdown of
        Revenues for Dry Type and Oil Filled Transformer Markets for
        Years 2009, 2017 & 2022 (includes corresponding Graph/Chart)    III-86

        Table 102: UK Recent Past, Current & Future Analysis for
        Distribution Transformers by Application - Utility and
        Non-Utility Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-87

        Table 103: UK Historic Review for Distribution Transformers
        by Application - Utility and Non-Utility Markets
        Independently Analyzed with Annual Revenues in US$ Thousand
        for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-88

        Table 104: UK 14-Year Perspective for Distribution
        Transformers by Application - Percentage Breakdown of
        Revenues for Utility and Non-Utility Markets for Years 2009,
        2017 & 2022 (includes corresponding Graph/Chart)                III-89

  4e. SPAIN                                                             III-90
      A.Market Analysis                                                 III-90
        New Regulatory Agency Established                               III-90
        Strategic Corporate Developments                                III-90
        Select Key Players                                              III-91
      B.Market Analytics                                                III-92
        Table 105: Spanish Recent Past, Current & Future Analysis
        for Distribution Transformers by Equipment Class - Dry Type
        and Oil Filled Transformer Markets Independently Analyzed
        with Annual Revenues in US$ Thousand for Years 2015 through
        2022 (includes corresponding Graph/Chart)                       III-92

        Table 106: Spanish Historic Review for Distribution
        Transformers by Equipment Class - Dry Type and Oil Filled
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-93

        Table 107: Spanish 14-Year Perspective for Distribution
        Transformers by Equipment Class - Percentage Breakdown of
        Revenues for Dry Type and Oil Filled Transformer Markets for
        Years 2009, 2017 & 2022 (includes corresponding Graph/Chart)    III-94

        Table 108: Spanish Recent Past, Current & Future Analysis
        for Distribution Transformers by Application - Utility and
        Non-Utility Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-95

        Table 109: Spanish Historic Review for Distribution
        Transformers by Application - Utility and Non-Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-96

        Table 110: Spanish 14-Year Perspective for Distribution
        Transformers by Application - Percentage Breakdown of
        Revenues for Utility and Non-Utility Markets for Years 2009,
        2017 & 2022 (includes corresponding Graph/Chart)                III-97

  4f. RUSSIA                                                            III-98
       Market Analysis                                                  III-98
        Table 111: Russian Recent Past, Current & Future Analysis
        for Distribution Transformers by Equipment Class - Dry Type
        and Oil Filled Transformer Markets Independently Analyzed
        with Annual Revenues in US$ Thousand for Years 2015 through
        2022 (includes corresponding Graph/Chart)                       III-98

        Table 112: Russian Historic Review for Distribution
        Transformers by Equipment Class - Dry Type and Oil Filled
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-99

        Table 113: Russian 14-Year Perspective for Distribution
        Transformers by Equipment Class - Percentage Breakdown of
        Revenues for Dry Type and Oil Filled Transformer Markets for
        Years 2009, 2017 & 2022 (includes corresponding Graph/Chart)    III-100

        Table 114: Russian Recent Past, Current & Future Analysis
        for Distribution Transformers by Application - Utility and
        Non-Utility Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-101

        Table 115: Russian Historic Review for Distribution
        Transformers by Application - Utility and Non-Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-102

        Table 116: Russian 14-Year Perspective for Distribution
        Transformers by Application - Percentage Breakdown of
        Revenues for Utility and Non-Utility Markets for Years 2009,
        2017 & 2022 (includes corresponding Graph/Chart)                III-103

  4g. REST OF EUROPE                                                    III-104
      A.Market Analysis                                                 III-104
        Product Launches                                                III-104
        Strategic Corporate Developments                                III-104
        Select Key Players                                              III-105
      B.Market Analytics                                                III-108
        Table 117: Rest of European Recent Past, Current & Future
        Analysis for Distribution Transformers by Equipment Class -
        Dry Type and Oil Filled Transformer Markets Independently
        Analyzed with Annual Revenues in US$ Thousand for Years 2015
        through 2022 (includes corresponding Graph/Chart)               III-108

        Table 118: Rest of European Historic Review for Distribution
        Transformers by Equipment Class - Dry Type and Oil Filled
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-109

        Table 119: Rest of European 14-Year Perspective for
        Distribution Transformers by Equipment Class - Percentage
        Breakdown of Revenues for Dry Type and Oil Filled
        Transformer Markets for Years 2009, 2017 & 2022 (includes
        corresponding Graph/Chart)                                      III-110

        Table 120: Rest of European Recent Past, Current & Future
        Analysis for Distribution Transformers by Application -
        Utility and Non-Utility Markets Independently Analyzed with
        Annual Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-111

        Table 121: Rest of European Historic Review for Distribution
        Transformers by Application - Utility and Non-Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-112

        Table 122: Rest of European 14-Year Perspective for
        Distribution Transformers by Application - Percentage
        Breakdown of Revenues for Utility and Non-Utility Markets
        for Years 2009, 2017 & 2022 (includes corresponding
        Graph/Chart)                                                    III-113

  5. ASIA-PACIFIC                                                       III-114
      A.Market Analysis                                                 III-114
        Asia-Pacific: Largest and the Fastest Growing Market Worldwide  III-114
         Table 123: Global Distribution Transformers Market -
         Geographic Regions Ranked by % CAGR (Value) for 2015-2022:
         Asia-Pacific, Latin America, Rest of World, the US, Canada,
         Europe, and Japan (includes corresponding Graph/Chart)         III-116
        Growing Electricity Demand and the Construction Sector Fuels
         Market Demand in South East Asia                               III-116
        Rural Electrification in Asian Countries Promote Growth         III-117
        Railway Electrification and High Speed Railway Projects
         Offer Lucrative Opportunities                                  III-117
      B.Market Analytics                                                III-118
        Table 124: Asia-Pacific Recent Past, Current & Future
        Analysis for Distribution Transformers by Geographic Region - 
        China, India and Rest of Asia-Pacific Markets
        Independently Analyzed with Annual Revenues in US$ Thousand
        for Years 2015 through 2022 (includes corresponding
        Graph/Chart)                                                    III-118

        Table 125: Asia-Pacific Historic Review for Distribution
        Transformers by Geographic Region - China, India and Rest of
        Asia-Pacific Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-119

        Table 126: Asia-Pacific 14-Year Perspective for Distribution
        Transformers by Geographic Region - Percentage Breakdown of
        Revenues for China, India and Rest of Asia-Pacific Markets
        for Years 2009, 2017 & 2022 (includes corresponding
        Graph/Chart)                                                    III-120

        Table 127: Asia-Pacific Recent Past, Current & Future
        Analysis for Distribution Transformers by Equipment Class -
        Dry Type and Oil Filled Transformer Markets Independently
        Analyzed with Annual Revenues in US$ Thousand for Years 2015
        through 2022 (includes corresponding Graph/Chart)               III-121

        Table 128: Asia-Pacific Historic Review for Distribution
        Transformers by Equipment Class - Dry Type and Oil Filled
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-122

        Table 129: Asia-Pacific 14-Year Perspective for Distribution
        Transformers by Equipment Class - Percentage Breakdown of
        Revenues for Dry Type and Oil Filled Transformer Markets for
        Years 2009, 2017 & 2022 (includes corresponding Graph/Chart)    III-123

        Table 130: Asia-Pacific Recent Past, Current & Future
        Analysis for Distribution Transformers by Application -
        Utility and Non-Utility Markets Independently Analyzed with
        Annual Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-124

        Table 131: Asia-Pacific Historic Review for Distribution
        Transformers by Application - Utility and Non-Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-125

        Table 132: Asia-Pacific 14-Year Perspective for Distribution
        Transformers by Application - Percentage Breakdown of
        Revenues for Utility and Non-Utility Markets for Years 2009,
        2017 & 2022 (includes corresponding Graph/Chart)                III-126

  5a. CHINA                                                             III-127
      A.Market Analysis                                                 III-127
        Rising Government Efforts to Address the Country’s Power
         Requirements Drive Strong Growth                               III-127
         Table 133: Electricity Consumption in China: 2000-2015 (in
         TWh) (includes corresponding Graph/Chart)                      III-128
         The Northwest and Southeast China to Bolster the Demand for
          Electric T&D Equipment                                        III-128
        Domestic Market Growth Attracts International Players           III-128
        Rising Demand for Chinese Transformers in Overseas Markets      III-129
        Industry Moves towards High-Voltage Transformers                III-129
        Issues Persist in the Chinese Transformer Industry              III-129
        Chinese Transformers Industry: Highly Competitive at the
         Lower End                                                      III-129
         Table 134: Leading Players in the Chinese Transformers
         Market (2017E): Percentage Breakdown of Sales for ABB,
         Baoding, TBEA, XD Electric and Others (includes
         corresponding Graph/Chart)                                     III-130
        Factors Driving the Distribution Transformers Market in China   III-130
         Investments in Interconnected Power Grid                       III-130
         Transmission over Long Distances                               III-130
         Energy Efficient Transformers                                  III-131
        Regulatory Scenario in China                                    III-131
         Table 135: China Financial Subsidies Provided for Promoting
         Use of Energy Efficient Transformers                           III-131
        Select Key Players                                              III-132
      B.Market Analytics                                                III-133
        Table 136: Chinese Recent Past, Current & Future Analysis
        for Distribution Transformers by Equipment Class - Dry Type
        and Oil Filled Transformer Markets Independently Analyzed
        with Annual Revenues in US$ Thousand for Years 2015 through
        2022 (includes corresponding Graph/Chart)                       III-133

        Table 137: Chinese Historic Review for Distribution
        Transformers by Equipment Class - Dry Type and Oil Filled
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-134

        Table 138: Chinese 14-Year Perspective for Distribution
        Transformers by Equipment Class - Percentage Breakdown of
        Revenues for Dry Type and Oil Filled Transformer Markets for
        Years 2009, 2017 & 2022 (includes corresponding Graph/Chart)    III-135

        Table 139: Chinese Recent Past, Current & Future Analysis
        for Distribution Transformers by Application - Utility and
        Non-Utility Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-136

        Table 140: Chinese Historic Review for Distribution
        Transformers by Application - Utility and Non-Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-137

        Table 141: Chinese 14-Year Perspective for Distribution
        Transformers by Application - Percentage Breakdown of
        Revenues for Utility and Non-Utility Markets for Years 2009,
        2017 & 2022 (includes corresponding Graph/Chart)                III-138

  5b. INDIA                                                             III-139
      A.Market Analysis                                                 III-139
        Need to Replace Aging Distribution Transformers Offers
         Significant Growth Opportunities                               III-139
        Revival in Orders and Planned Investments Offer Strong
         Business Case for Distribution Transformers                    III-139
        Rising Demand for Power to Drive Growth in the Distribution
         Transformer Market                                             III-140
        Government Initiatives to Improve Power Infrastructure
         Boosts Market Prospects                                        III-141
         Green Energy Corridor and the Restructured Accelerated
          Power Development and Reforms Programme: A Step in the
           Right Direction                                              III-142
          Table 142: Indian Power Generation Market (2013-2018):
          Total Planned Addition for Power Generation Capacity
          Addition by Power Source for Hydro Power and Thermal Power
          (in MW) (includes corresponding Graph/Chart)                  III-143
         Government Initiatives to Strengthen State Electricity
          Boards Benefits the Market                                    III-143
        Lower Efficiency of Distribution Transformers: A Major Cause
         for Concern?                                                   III-144
        State Electricity Boards (SEBs): Major Buyers of
         Distribution Transformers                                      III-145
         Industrial Sector to Generate Adequate Demand for Transformers III-145
        Regulatory Scenario in India                                    III-146
        Electrical Equipment Industry in India: A Macro Perspective     III-146
        Competitive Landscape: Indian Manufacturers Geared to Serve
         Growing Demand                                                 III-147
         Indian Transformers Market: A Peek into Market Tiers           III-147
          Table 143: Leading Players in the Indian Transformers
          Market (2017E): Percentage Breakdown of Production
          Capacities for ABB, GE Power India, Baoding Tianwei, BHEL,
          Crompton Greaves, Siemens, TBEA, Transformers & Rectifiers
          India, and Others (includes corresponding Graph/Chart)        III-147
         Major Distribution Transformer Companies in India: Snapshot
          Profiles                                                      III-148
          ABB Ltd.                                                      III-148
          GE Power India (formerly Alstom India)                        III-148
          Crompton Greaves                                              III-148
          Danish Private Limited                                        III-149
          Kirloskar Electric Company Limited                            III-149
          Gujarat Transformers Pvt. Ltd.                                III-149
          Kotsons Pvt. Ltd.                                             III-149
          Schneider Electric                                            III-149
          Siemens                                                       III-149
          Transformers & Rectifiers India Ltd.                          III-150
          Urja Techniques (India) Pvt. Ltd.                             III-150
          Uttam (Bharat) Electricals (P) Limited                        III-150
         India Growing Into a Major Global Export Hub for Transformers  III-150
         CRGO Supply Bottlenecks Constrain Domestic Producers           III-150
         Overseas Players Keenly Eye Indian Shores, Market Headed
          for Consolidation                                             III-151
         Local Players Turn to Government to Shield Market from
          Threat of Cheap Imports                                       III-151
         Domestic Players Call for Higher Government Investment into
          RDT&E Infrastructure and Branding                             III-152
         UHVAC Transformers: An Emerging Lucrative Segment for OEMs     III-152
        Strategic Corporate Developments                                III-153
        Select Key Players                                              III-154
      B.Market Analytics                                                III-158
        Table 144: Indian Recent Past, Current & Future Analysis for
        Distribution Transformers by Equipment Class - Dry Type and
        Oil Filled Transformer Markets Independently Analyzed with
        Annual Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-158

        Table 145: Indian Historic Review for Distribution
        Transformers by Equipment Class - Dry Type and Oil Filled
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-159

        Table 146: Indian 14-Year Perspective for Distribution
        Transformers by Equipment Class - Percentage Breakdown of
        Revenues for Dry Type and Oil Filled Transformer Markets for
        Years 2009, 2017 & 2022 (includes corresponding Graph/Chart)    III-160

        Table 147: Indian Recent Past, Current & Future Analysis for
        Distribution Transformers by Application - Utility and
        Non-Utility Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-161

        Table 148: Indian Historic Review for Distribution
        Transformers by Application - Utility and Non-Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-162

        Table 149: Indian 14-Year Perspective for Distribution
        Transformers by Application - Percentage Breakdown of
        Revenues for Utility and Non-Utility Markets for Years 2009,
        2017 & 2022 (includes corresponding Graph/Chart)                III-163

  5c. REST OF ASIA-PACIFIC                                              III-164
      A.Market Analysis                                                 III-164
        Focus on Select Regional Markets                                III-164
         Australia and New Zealand                                      III-164
          Governing Bodies & Industry Standards                         III-164
           Table 150: Australian Current and Proposed Specification
           for MEPS and HEPS for Oil-filled Transformers                III-165
         Afghanistan                                                    III-166
         Bangladesh                                                     III-166
         Hong Kong                                                      III-166
         Singapore                                                      III-166
          Table 151: Singapore Minimum Efficiency Standards for
          Oil-filled Distribution Transformers for Voluntary Green
          Building Certification                                        III-167
         South Korea                                                    III-167
          Table 152: South Korean MEPS and TEPS Specifications for
          KSC 4316 and KSC 4317 Type Oil-filled Low Voltage
          Distribution Transformers                                     III-168
         Thailand                                                       III-169
         Taiwan                                                         III-170
         Vietnam                                                        III-170
          Table 153: Vietnamese MEPS for 3-Phase Oil-filled
          Transformers                                                  III-170
        Strategic Corporate Developments                                III-171
        Select Key Players                                              III-171
      B.Market Analytics                                                III-174
        Table 154: Rest of Asia-Pacific Recent Past, Current &
        Future Analysis for Distribution Transformers by Equipment
        Class - Dry Type and Oil Filled Transformer Markets
        Independently Analyzed with Annual Revenues in US$ Thousand
        for Years 2015 through 2022 (includes corresponding
        Graph/Chart)                                                    III-174

        Table 155: Rest of Asia-Pacific Historic Review for
        Distribution Transformers by Equipment Class - Dry Type and
        Oil Filled Transformer Markets Independently Analyzed with
        Annual Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-175

        Table 156: Rest of Asia-Pacific 14-Year Perspective for
        Distribution Transformers by Equipment Class - Percentage
        Breakdown of Revenues for Dry Type and Oil Filled
        Transformer Markets for Years 2009, 2017 & 2022 (includes
        corresponding Graph/Chart)                                      III-176

        Table 157: Rest of Asia-Pacific Recent Past, Current &
        Future Analysis for Distribution Transformers by Application - 
        Utility and Non-Utility Markets Independently Analyzed
        with Annual Revenues in US$ Thousand for Years 2015 through
        2022 (includes corresponding Graph/Chart)                       III-177

        Table 158: Rest of Asia-Pacific Historic Review for
        Distribution Transformers by Application - Utility and
        Non-Utility Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-178

        Table 159: Rest of Asia-Pacific 14-Year Perspective for
        Distribution Transformers by Application - Percentage
        Breakdown of Revenues for Utility and Non-Utility Markets
        for Years 2009, 2017 & 2022 (includes corresponding
        Graph/Chart)                                                    III-179

  6. LATIN AMERICA                                                      III-180
       Market Analysis                                                  III-180
        Table 160: Latin American Recent Past, Current & Future
        Analysis for Distribution Transformers by Geographic Region - 
        Brazil and Rest of Latin America Markets Independently
        Analyzed with Annual Revenues in US$ Thousand for Years 2015
        through 2022 (includes corresponding Graph/Chart)               III-180

        Table 161: Latin American Historic Review for Distribution
        Transformers by Geographic Region - Brazil and Rest of Latin
        America Markets Independently Analyzed with Annual Revenues
        in US$ Thousand for Years 2009 through 2014 (includes
        corresponding Graph/Chart)                                      III-181

        Table 162: Latin American 14-Year Perspective for
        Distribution Transformers by Geographic Region - Percentage
        Breakdown of Revenues for Brazil and Rest of Latin America
        Markets for Years 2009, 2017 & 2022 (includes corresponding
        Graph/Chart)                                                    III-182

        Table 163: Latin American Recent Past, Current & Future
        Analysis for Distribution Transformers by Equipment Class -
        Dry Type and Oil Filled Transformer Markets Independently
        Analyzed with Annual Revenues in US$ Thousand for Years 2015
        through 2022 (includes corresponding Graph/Chart)               III-183

        Table 164: Latin American Historic Review for Distribution
        Transformers by Equipment Class - Dry Type and Oil Filled
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-184

        Table 165: Latin American 14-Year Perspective for
        Distribution Transformers by Equipment Class - Percentage
        Breakdown of Revenues for Dry Type and Oil Filled
        Transformer Markets for Years 2009, 2017 & 2022 (includes
        corresponding Graph/Chart)                                      III-185

        Table 166: Latin American Recent Past, Current & Future
        Analysis for Distribution Transformers by Application -
        Utility and Non-Utility Markets Independently Analyzed with
        Annual Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-186

        Table 167: Latin American Historic Review for Distribution
        Transformers by Application - Utility and Non-Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-187

        Table 168: Latin American 14-Year Perspective for
        Distribution Transformers by Application - Percentage
        Breakdown of Revenues for Utility and Non-Utility Markets
        for Years 2009, 2017 & 2022 (includes corresponding
        Graph/Chart)                                                    III-188

  6a. BRAZIL                                                            III-189
      A.Market Analysis                                                 III-189
        Rising Electricity Consumption to Drive Market Demand           III-189
      B.Market Analytics                                                III-190
        Table 169: Brazilian Recent Past, Current & Future Analysis
        for Distribution Transformers by Equipment Class - Dry Type
        and Oil Filled Transformer Markets Independently Analyzed
        with Annual Revenues in US$ Thousand for Years 2015 through
        2022 (includes corresponding Graph/Chart)                       III-190

        Table 170: Brazilian Historic Review for Distribution
        Transformers by Equipment Class - Dry Type and Oil Filled
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-191

        Table 171: Brazilian 14-Year Perspective for Distribution
        Transformers by Equipment Class - Percentage Breakdown of
        Revenues for Dry Type and Oil Filled Transformer Markets for
        Years 2009, 2017 & 2022 (includes corresponding Graph/Chart)    III-192

        Table 172: Brazilian Recent Past, Current & Future Analysis
        for Distribution Transformers by Application - Utility and
        Non-Utility Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-193

        Table 173: Brazilian Historic Review for Distribution
        Transformers by Application - Utility and Non-Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-194

        Table 174: Brazilian 14-Year Perspective for Distribution
        Transformers by Application - Percentage Breakdown of
        Revenues for Utility and Non-Utility Markets for Years 2009,
        2017 & 2022 (includes corresponding Graph/Chart)                III-195

  6b. REST OF LATIN AMERICA                                             III-196
      A.Market Analysis                                                 III-196
        Overview of Select Regional Markets                             III-196
         Mexico                                                         III-196
        Mexico’s Plans for Smart Grid to Drive Distribution
         Transformers Market                                            III-197
        Regulatory Overview                                             III-197
         Table 175: Mexican Proposed Minimum Efficiency Standards
         for Oil-filled Distribution Transformers                       III-198
         Peru                                                           III-198
          Table 176: Peruvian Proposed Efficiency Standards for
          Single-Phase Oil-Filled Distribution Transformers             III-199

          Table 177: Peruvian Proposed Efficiency Standards for
          Three-Phase Oil-Filled Distribution Transformers              III-199
         Chile                                                          III-199
          Table 178: Chilean Voluntary Energy-Efficiency Standard
          for Single-phase and Three-phase Oil-filled Distribution
          Transformers                                                  III-200
        Product Launches                                                III-200
      B.Market Analytics                                                III-201
        Table 179: Rest of Latin American Recent Past, Current &
        Future Analysis for Distribution Transformers by Equipment
        Class - Dry Type and Oil Filled Transformer Markets
        Independently Analyzed with Annual Revenues in US$ Thousand
        for Years 2015 through 2022 (includes corresponding
        Graph/Chart)                                                    III-201

        Table 180: Rest of Latin American Historic Review for
        Distribution Transformers by Equipment Class - Dry Type and
        Oil Filled Transformer Markets Independently Analyzed with
        Annual Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-202

        Table 181: Rest of Latin American 14-Year Perspective for
        Distribution Transformers by Equipment Class - Percentage
        Breakdown of Revenues for Dry Type and Oil Filled
        Transformer Markets for Years 2009, 2017 & 2022 (includes
        corresponding Graph/Chart)                                      III-203

        Table 182: Rest of Latin American Recent Past, Current &
        Future Analysis for Distribution Transformers by Application - 
        Utility and Non-Utility Markets Independently Analyzed
        with Annual Revenues in US$ Thousand for Years 2015 through
        2022 (includes corresponding Graph/Chart)                       III-204

        Table 183: Rest of Latin American Historic Review for
        Distribution Transformers by Application - Utility and
        Non-Utility Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-205

        Table 184: Rest of Latin American 14-Year Perspective for
        Distribution Transformers by Application - Percentage
        Breakdown of Revenues for Utility and Non-Utility Markets
        for Years 2009, 2017 & 2022 (includes corresponding
        Graph/Chart)                                                    III-206

  7. REST OF WORLD                                                      III-207
      A.Market Analysis                                                 III-207
        Energy Infrastructure Needs in the Middle East Drive Market
         Growth                                                         III-207
         Upgrade of Electric Power and Distribution Infrastructure
          Drive Demand in Saudi Arabia                                  III-207
         Saudi Arabia’s Ambitious Solar Energy Plans to Boost Smart
          Grids                                                         III-208
        Rising Popularity of Smart Grid Systems Drive Demand for
         Small Distribution Transformers in the Middle East             III-208
        Privatization of the Electricity Sector Benefits Market
         Adoption in the Middle East                                    III-209
        Middle East: Competitive Landscape                              III-209
        Energy Challenges Open Avenues for Huge Investment
         Opportunities in Africa                                        III-209
        The Urgent Need to Provide Proper Access to Electricity: A
         Strong Growth Driver in Africa                                 III-210
        Growing Investments in Large-Scale Power Infrastructure
         Projects Bodes Well for the African Market                     III-210
         Understanding Losses Related to Transformers                   III-211
         Africa Incurs Highest Levels of Power Transmission and
          Distribution Losses Globally                                  III-211
        Strategic Corporate Developments                                III-212
      B.Market Analytics                                                III-213
        Table 185: Rest of World Recent Past, Current & Future
        Analysis for Distribution Transformers by Equipment Class -
        Dry Type and Oil Filled Transformer Markets Independently
        Analyzed with Annual Revenues in US$ Thousand for Years 2015
        through 2022 (includes corresponding Graph/Chart)               III-213

        Table 186: Rest of World Historic Review for Distribution
        Transformers by Equipment Class - Dry Type and Oil Filled
        Transformer Markets Independently Analyzed with Annual
        Revenues in US$ Thousand for Years 2009 through 2014
        (includes corresponding Graph/Chart)                            III-214

        Table 187: Rest of World 14-Year Perspective for
        Distribution Transformers by Equipment Class - Percentage
        Breakdown of Revenues for Dry Type and Oil Filled
        Transformer Markets for Years 2009, 2017 & 2022 (includes
        corresponding Graph/Chart)                                      III-215

        Table 188: Rest of World Recent Past, Current & Future
        Analysis for Distribution Transformers by Application -
        Utility and Non-Utility Markets Independently Analyzed with
        Annual Revenues in US$ Thousand for Years 2015 through 2022
        (includes corresponding Graph/Chart)                            III-216

        Table 189: Rest of World Historic Review for Distribution
        Transformers by Application - Utility and Non-Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Thousand for Years 2009 through 2014 (includes corresponding
        Graph/Chart)                                                    III-217

        Table 190: Rest of World 14-Year Perspective for
        Distribution Transformers by Application - Percentage
        Breakdown of Revenues for Utility and Non-Utility Markets
        for Years 2009, 2017 & 2022 (includes corresponding
        Graph/Chart)                                                    III-218


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 145 (including Divisions/Subsidiaries - 182)

     The United States (31)
     Canada (4)
     Japan (3)
     Europe (44)
     - France (3)
     - Germany (6)
     - The United Kingdom (3)
     - Italy (5)
     - Spain (4)
     - Rest of Europe (23)
     Asia-Pacific (Excluding Japan) (80)
     Middle East (8)
     Latin America (4)
     Africa (8)
Additional Information:
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Date of Publication:
Feb 16, 2018
File Format:
PDF via E-mail
Number of Pages:
575 Pages