Power Transformers - Global Strategic Business Report

Power Transformers - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Feb 5, 2015, 336 Pages
US$4,950.00
GIA-MCP8134

Power Transformers - Global Strategic Business Report

This report analyzes the worldwide markets for Power Transformers in US$ Million by the following Product categories based on capacity rating: 100 MVA - 500 MVA, 501 MVA - 800 MVA, and 801 MVA - 1200 MVA. 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 2013 through 2020. Also, a seven-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 75 companies including many key and niche players such as -

Alstom
Asea Brown Boveri
Bharat Heavy Electricals Limited
Changzhou XD Transformer Co., Ltd.
Crompton Greaves Ltd.

More information can be obtained upon the request of sample pages.

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


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      A Prelude                                                         II-1
      Competitive Landscape                                             II-2
       Oligopolistic Nature of the High Voltage Power Transmission
        Market                                                          II-2
        Table 1: Leading Players in the Global High Power
        Transmission Equipment, Systems and Services Market (2013):
        Market Share Breakdown for ABB Ltd, Alstom SA, Siemens
        Energy, and Others (includes corresponding Graph/Chart)         II-3
       Competitive Pressures Continue to Build Up in Power
        Transformers Business                                           II-3
       Noteworthy Mergers, Acquisitions & Divestitures during the
        Years 2005 to 2014                                              II-5
        Proposed Acquisition of Alstom by GE: A Major Game Changer?     II-5
      Deregulation and Its Impact on the Power Sector: An Insight       II-6
      Recession in Retrospect and the Road Ahead                        II-6
       Power Transformers Hard Hit during Recession                     II-7
       Market Stages a Recovery in 2010                                 II-8
       ‘Eurozone’ Debt Crisis Impact the T&D Equipment Market Again
        in 2012 & 2013                                                  II-8
       2014 & Beyond: Growth in the Global Market Supported by
        Steady Improvement in GDP                                       II-10
        Table 2: World Real GDP Growth Rates (%) by Country: 2012
        through 2015F (includes corresponding Graph/Chart)              II-11

        Table 3: World GDP (2013): Percentage Breakdown of Nominal
        GDP Value by Country (includes corresponding Graph/Chart)       II-12
       Eurozone Economic Outlook Favors an Optimistic Future for the
        Region                                                          II-12
        Table 4: EU Real GDP Growth Rates (%) by Country: 2014 &
        2015 (includes corresponding Graph/Chart)                       II-13

        Table 5: Business Climate indicator in the Eurozone Area
        from July 2013 to July 2014: Breakdown by Month (includes
        corresponding Graph/Chart)                                      II-14
       Outlook                                                          II-14

  2. MARKET TRENDS, ISSUES & DRIVERS                                    II-16
      Rising Demand for Energy Efficient and Eco-Friendly Power
       Transformers: A Strong Growth Driver                             II-16
       Domestic Targets for Greenhouse Gas Emissions of Select
        Regions/Countries                                               II-17
      Power Transformer Advancements: Spearheading Growth               II-17
       Dryformer: New Technology in the Offing                          II-17
       Superconductor Based Power Transformers: The Newest
        Innovation from China                                           II-18
       HTS Transformers: Energy Efficient, Lightweight, and Small Sized II-18
       Gas-Insulated Power Transformers Gain Popularity                 II-19
        Future for Gas-Insulated Transformers Appears Bright            II-19
        IEC Standards for Gas-Insulated Transformers                    II-19
       Powerformer: A Superior Replacement for Step-Up Transformer      II-20
      Expanding Global Population Spur Spiraling Energy Consumption
       and Equally Robust Electric Power Production                     II-20
       Table 6: Global Population Estimates (2000-2050) (includes
        corresponding Graph/Chart)                                      II-21
       Table 7: Estimated Global Demand for Primary Energy:
       2015-2035 (includes corresponding Graph/Chart)                   II-21

       Table 8: Global Electricity Consumption in TWh for Years
       2000, 2015 & 2030 (includes corresponding Graph/Chart)           II-21

       Table 9: Population Statistics for Select Countries: 2007,
       2010 & 2013 (in Millions) (includes corresponding
       Graph/Chart)                                                     II-22

       Table 10: World Electric Power Generation for 2004 & 2015 (in
       Billion KWh) (includes corresponding Graph/Chart)                II-23

       Table 11: Global Electricity Production by Country (2013):
       Percentage Breakdown of Electricity Production Volume for
       China, United States, India, Russia, Japan, Canada, Germany,
       Brazil, France, South Korea, and Others (includes
       corresponding Graph/Chart)                                       II-23

       Table 12: Global Electricity Consumption by Country (2013):
       Percentage Breakdown of Electricity Consumption Volume for
       China, United States, Japan, Russia, India, Germany, Canada,
       Brazil, South Korea, France, and Others (includes
       corresponding Graph/Chart)                                       II-24

       Table 13: Global Total Primary Energy Supply (Excluding
       Energy Stored in International Marine and Aviation Bunkers)
       in Units by Region (2013): Percentage Breakdown of Supply
       Volumes for OECD, China, Asia (excluding China), Non-OECD
       Europe and Eurasia, Africa, Middle East, and Non-OECD
       Americas (includes corresponding Graph/Chart)                    II-24

       Table 14: Total Demand for Electricity in Thousand Gigawatt
       Hour for Select Countries: 2012 & 2013 (includes
       corresponding Graph/Chart)                                       II-25
      Rapid Urbanization: A Mega Growth Driver                          II-25
       Table 15: Total Population Worldwide by Urban and Rural
       Population in Thousands: 1950-2050P (includes corresponding
       Graph/Chart)                                                     II-26

       Table 16: World’s Most Populous Cities: Percentage Breakdown
       by Total Urban Population for Tokyo, Delhi, Mexico City, New
       York - Newark, Shanghai and Others (includes corresponding
       Graph/Chart)                                                     II-27

       Table 17: Estimated Percentage of Urbanization in World,
       China and India for the Years 2011 and 2018 (includes
       corresponding Graph/Chart)                                       II-27
      Upgrade & Expansion Projects in Developing Countries Offer
       Significant Growth Opportunities                                 II-28
       Table 18: Estimated Global Power Generation Infrastructure
       Requirement (US$ Billion) for China, India and Latin America
       Over the Period 2010-2030 (includes corresponding
       Graph/Chart)                                                     II-29
       Rural Electrification Drive in Developing Countries Promote
        Growth                                                          II-29
        Table 19: World Electricity Accessibility by Country (2013)
        Percentage of Population with Access to Electricity for
        Argentina, Bangladesh, Bahrain, Bolivia, Brazil, Brunei,
        China, Cambodia, Egypt, Ecuador, Iran, Iraq, India,
        Indonesia, Jordon, Kenya, Libya, Myanmar, Sri Lanka,
        Malaysia, Nigeria, Oman, Pakistan, Philippines, Qatar, Saudi
        Arabia, South Africa, Venezuela, and Vietnam (includes
        corresponding Graph/Chart)                                      II-30
      Aging Large Power Transformer Fleet Underscores Need for
       Replacement and Upgrades in Developed Markets                    II-31
      Rising Focus on Renewable Energy Sources Fuel Demand for Smart
       Grids                                                            II-31
      Disruption in Transmission and Distribution Throws Up
       Opportunities                                                    II-32
      Stabilizing Regulatory Environment Augurs Well for the Market     II-32
       Proposed/Approved Standards for Transformers in Select Countries II-33
      Despite Growing Demand, Sourcing Bottlenecks Continue to
       Impact Global LPT Exports                                        II-33
      Increasing Popularity of HVDC at 800kV Bodes Well for the Market  II-33
      Volatile Raw Material Prices: A Cause for Concern                 II-34
       Table 20: Power Transformers Cost Breakdown (includes
       corresponding Graph/Chart)                                       II-34
       Raw Material Prices Alter Transformer Designs                    II-35

  3. PRODUCT OVERVIEW                                                   II-36
      Introduction                                                      II-36
      Transformers in an Electricity Supply System                      II-36
      Transformers Defined                                              II-37
       Power Transformers                                               II-37
        Functions of a Power Transformer                                II-38
        Architecture of Transformers                                    II-38
        What Does a Transformer Do?                                     II-39
        Transformer Failure                                             II-39
      Reasons for Transformer Failure                                   II-40
       Contaminants                                                     II-40
       Fault Currents                                                   II-40
       Usage beyond Stipulated Thermal Limits                           II-40
       Corrosion                                                        II-40
       Electromagnetic Disturbances                                     II-41

  4. PRODUCT INTRODUCTIONS/INNOVATIONS                                  II-42
      GE Unveils Safe-NET Transformer                                   II-42
      ABB Showcases New Traction Transformer                            II-42
      GE Digital Energy Unveils New PROLEC-GE Flexible Integrated
       Transformer                                                      II-42
      Revive Electrical Transformers Introduces Dry-Type Transformer    II-42
      Siemens Launches Large Scale Transformer                          II-42
      Bharat Heavy Electricals Develops 1200 kV, 333 MVA UHVAC
       Transformers                                                     II-42
      Yarenergo Announces Power Transformer Installation in 110/10-
       10 kV Novoselki Substation                                       II-42
      Larson Electronics Launches Magnalight TX-1000VA-4XAO Power
       Transformer                                                      II-43
      Pulse Electronics Launches High Isolation Switch Mode
       Transformers                                                     II-43
      Payton Launches Highest Power Planar Transformer for SMPS Use     II-43
      Larson Introduces New Explosion Proof Power Transformer           II-43

  5. RECENT INDUSTRY ACTIVITY                                           II-44
      Blackford Capital Takes Over Grand Transformers                   II-44
      Toshiba Purchases T&D Business from Vijai Electricals             II-44
      WEG to Acquire Efacec Transformer Service                         II-44
      Toshiba Corporation to Ramp up Production Capacity at Toshiba
       Transmission & Distribution Systems                              II-44
      SGB-SMIT Takes Over Businesses of RETRASIB and TRAFO PROIECT      II-44
      State Grid Corporation of China Commences Massive UHV Power
       Project                                                          II-44
      Alstom to Divest Power and Grid businesses to GE                  II-44
      Avantha Group Wins Transformers Order from Administracion
       Nacional de Electricidad                                         II-45
      ABB Secures Contract from DEWA for Setting up Substation in Dubai II-45
      Alstom Commences Shipment of 800kV Transformer to Champa Power
       Station                                                          II-45
      Alstom T&D India Wins Transformer Contract from PGCIL             II-45
      ABB Secures Transformer Order from Saudi Electricity Company      II-45
      Alstom T&D India Wins Transformer Contract from Mangdechhu
       Hydroelectric Project Authority                                  II-45
      Alstom Delivers 420 kV TRANSFORMER to Power Grid Company of
       Bangladesh                                                       II-45
      ABBS Secures Deal for Two 800MW Transformers from NTPC            II-45
      PMTT Commences Production of Transformers at New Russian Plant    II-46
      Alstom T&D India Secures Transformer Contract from Reliance
       Industries Limited                                               II-46
      Mitsubishi Electric Power Products Opens Production Plant in
       Memphis                                                          II-46
      Siemens Limited Completes Delivery of 1200kV Transformer for
       Power Grid Corporation                                           II-46
      ABB Secures Substation Contract Kuwait Ministry of Electricity
       and Water                                                        II-46
      ABB Commissions 3,150 MW Rio Madeira HVDC Power Transmission Link II-46
      Alstom Secures Transformer Contract from TenneT                   II-46
      Hyundai E&C Wins Deal for Constructing 380 kV Substation from
       Saudi Electricity Company                                        II-47
      Zest WEG Supplies Transformers to Eskom’s Kusile power station    II-47
      SPTC Inaugurates Flagship 5000 MVA Capacity Power Transformer
       Manufacturing Plant in Saudi Arabia                              II-47
      Alstom Grid Commissions 780 MVA for Yangxi Power Plant            II-47
      ABB Secures Transformer Contract from Tencent                     II-47
      Crompton to Divest or Close Canadian Power Transformer Plant      II-47
      Power Machines Toshiba High-Voltage Transformers Manufacturing
       Plant Commences Operation                                        II-47
      L&T Construction Bags Global EPC Order                            II-48
      Alstom T&D India Secures Two Contracts                            II-48
      ABB Bags an Order from PSE                                        II-48
      Emerson Inks an Agreement with SPX Corporation                    II-48
      ABB Bags Contract from Tencent                                    II-48
      Hyundai Heavy Industries and Sidem Bags a Contract from SHAMAL
       AZ-ZOUR AL-OULAon                                                II-48
      Siemens Energy Unveils New Assembly Line                          II-48
      Celme’s 1600 kV Transformer Secures ATEX Certification            II-49
      Siemens to Provide Infrastructure Solutions in Brazil             II-49
      SPX Unveils Expanded Manufacturing Plant                          II-49
      ABB Bags $100 M Power Contracts from Rio Tinto to Boost
       Production from Iron Ore Mines                                   II-49
      SPX Expands Transformer Production Facility in Wisconsin          II-49
      Siemens Energy Bags €26 Million Deal to Build DEWA Substation     II-49
      Alstom Secures Multiple Contracts in Colombia                     II-49
      General Electric Enters into Partnership with XD Electric Group   II-49
      Exelon Announces Replacement of Transformers at Braidwood
       Generating Station                                               II-50
      Powerstax Takes Over DP Energy                                    II-50
      Alstom Expands Power Transformer Production Unit                  II-50
      Alstom Bags Two Contracts for Providing Power Transformers and
       Constructing Gas- Insulated Substations                          II-50
      Toshiba Establishes Joint Venture with Power Machines             II-50
      ABB to Invest $30 Million in Poland-based Transformer
       Component Plant                                                  II-50
      China Sunergy and China Electric Equipment Inks LOI with DuPont   II-50
      Uzbekenergo Inks Framework Agreement with Holley Metering         II-51
      Crompton Greaves Deploys Ultra High Voltage Transmission
       Equipment at National UHV Test Substation                        II-51
      Crompton Greaves Secures Substation Deployment Contract from E.ON II-51
      EMCO Secures Power Transformers Order from NTPC                   II-51

  6. FOCUS ON SELECT MAJOR PLAYERS                                      II-52
      Alstom (France)                                                   II-52
      Asea Brown Boveri (ABB) (Switzerland)                             II-53
      Bharat Heavy Electricals Limited (India)                          II-53
      Changzhou XD Transformer Co., Ltd. (China)                        II-54
      Crompton Greaves Ltd. (India)                                     II-54
      DAIHEN Corporation (Japan)                                        II-55
      Diamond Power Infrastructure Limited (India)                      II-55
      EFACEC Group (Portugal)                                           II-56
      EMCO Ltd. (India)                                                 II-56
      General Electric Company (US)                                     II-56
      Hyosung Power & Industrial Systems Performance Group (South
       Korea)                                                           II-57
      Hyundai Heavy Industries Co., Ltd. (South Korea)                  II-57
      IMP Power Limited (India)                                         II-58
      Kirloskar Electric Company Limited (India)                        II-58
      KONCAR Group (Croatia)                                            II-58
      Mitsubishi Electric Corporation (Japan)                           II-59
      Powertech Transformers (Pty) Ltd. (South Africa)                  II-59
      Schneider Electric SA (France)                                    II-60
      Siemens AG (Germany)                                              II-60
      Shihlin Electric & Engineering Corporation (Taiwan)               II-60
      SPX Transformer Solutions, Inc. (US)                              II-61
      Tebian Electric Apparatus Stock Co., Ltd. (TBEA) (China)          II-61

  7. GLOBAL MARKET PERSPECTIVE                                          II-62
      Table 21: World Recent Past, Current & Future Analysis for
      Power Transformers by Geographic Region - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Latin America and Rest
      of World Markets Independently Analyzed with Annual Sales
      Figures in US$ Million for Years 2013 through 2020 (includes
      corresponding Graph/Chart)                                        II-62

      Table 22: World Historic Review for Power Transformers by
      Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets
      Independently Analyzed with Annual Sales Figures in US$
      Million for Years 2006 through 2012 (includes corresponding
      Graph/Chart)                                                      II-63

      Table 23: World 15-Year Perspective for Power Transformers by
      Geographic Region - Percentage Breakdown of Dollar Sales for
      US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
      Latin America and Rest of World Markets for Years 2006, 2014 &
      2020 (includes corresponding Graph/Chart)                         II-64

      Table 24: World Recent Past, Current & Future Analysis for
      Power Transformers with 100 MVA - 500 MVA by Geographic Region - 
      US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
      Latin America and Rest of World Markets Independently Analyzed
      with Annual Sales Figures in US$ Million for Years 2013
      through 2020 (includes corresponding Graph/Chart)                 II-65

      Table 25: World Historic Review for Power Transformers with
      100 MVA - 500 MVA by Geographic Region - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Latin America and Rest
      of World Markets Independently Analyzed with Annual Sales
      Figures in US$ Million for Years 2006 through 2012 (includes
      corresponding Graph/Chart)                                        II-66

      Table 26: World 15-Year Perspective for Power Transformers
      with 100 MVA - 500 MVA by Geographic Region - Percentage
      Breakdown of Dollar Sales for US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America and Rest of
      World Markets for Years 2006, 2014 & 2020 (includes
      corresponding Graph/Chart)                                        II-67

      Table 27: World Recent Past, Current & Future Analysis for
      Power Transformers with 501 MVA - 800 MVA by Geographic Region - 
      US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
      Latin America and Rest of World Markets Independently Analyzed
      with Annual Sales Figures in US$ Million for Years 2013
      through 2020 (includes corresponding Graph/Chart)                 II-68

      Table 28: World Historic Review for Power Transformers with
      501 MVA - 800 MVA by Geographic Region - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Latin America and Rest
      of World Markets Independently Analyzed with Annual Sales
      Figures in US$ Million for Years 2006 through 2012 (includes
      corresponding Graph/Chart)                                        II-69

      Table 29: World 15-Year Perspective for Power Transformers
      with 501 MVA - 800 MVA by Geographic Region - Percentage
      Breakdown of Dollar Sales for US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America and Rest of
      World Markets for Years 2006, 2014 & 2020 (includes
      corresponding Graph/Chart)                                        II-70

      Table 30: World Recent Past, Current & Future Analysis for
      Power Transformers with 801 MVA - 1200 MVA by Geographic
      Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
      Japan), Latin America and Rest of World Markets Independently
      Analyzed with Annual Sales Figures in US$ Million for Years
      2013 through 2020 (includes corresponding Graph/Chart)            II-71

      Table 31: World Historic Review for Power Transformers with
      801 MVA - 1200 MVA by Geographic Region - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Latin America and Rest
      of World Markets Independently Analyzed with Annual Sales
      Figures in US$ Million for Years 2006 through 2012 (includes
      corresponding Graph/Chart)                                        II-72

      Table 32: World 15-Year Perspective for Power Transformers
      with 801 MVA - 1200 MVA by Geographic Region - Percentage
      Breakdown of Dollar Sales for US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America and Rest of
      World Markets for Years 2006, 2014 & 2020 (includes
      corresponding Graph/Chart)                                        II-73


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Recession & Beyond                                              III-1
        Replacement Demand to Boost Spending on Larger Power
         Transformers                                                   III-1
         Table 33: US Transmission & Distribution Spending for the
         Period 2011-2035: Percentage (%) Breakdown of Spending for
         New Equipment and Replacements for Electric Power
         Transmission and Distribution (includes corresponding
         Graph/Chart)                                                   III-2
        Revival of Housing Market to Benefit Power Transformers Market  III-3
         Table 34: The US Construction Spending by Type of
         Construction (2012 & 2013): Percentage Breakdown of Annual
         Spending for Non-Residential and Residential Constructions
         (includes corresponding Graph/Chart)                           III-3

         Table 35: Residential Construction in the US (2007-2014):
         Number of Housing Starts by Type - Single-Family Units and
         Multi-Family Units (in ‘000) (includes corresponding
         Graph/Chart)                                                   III-4
         Soaring Adoption of Renewable Energy Sources in Power
          Generation Set to Power Growth                                III-4
          Table 36: US Power Generation Capacity by Energy Source
          (2010 & 2020): Percentage Breakdown of Power Generation
          Capacity from Gas, Coal, Nuclear, Renewable Energy, Hydro,
          and Oil Sources (includes corresponding Graph/Chart)          III-5
         Industrial & Electric Utilities: Dominant End-use Sectors
          for T&D Equipment                                             III-6
          Table 37: Electric Power Transmission & Distribution
          Equipment Market in the United States (2014): Breakdown of
          Demand (in US$ Million) by Key End-Use Sectors:
          Residential, Commercial, Electric Utilities Industrial and
          Others (includes corresponding Graph/Chart)                   III-6

          Table 38: Energy Consumption in the United States (2008,
          2016 & 2020): Breakdown of Electricity Consumption (in
          Billion Kilowatt Hours) by Key End-Use Industries -
          Residential, Commercial, and Industrial (includes
          corresponding Graph/Chart)                                    III-7
        Energy Efficiency: The In Thing                                 III-7
        US Manufacturers Face Challenges in Raw Material Supply
         Procurement                                                    III-7
        Key Statistical Data                                            III-8
         Table 39: US Transformer Industry by End-Use Markets
         (2014): Percentage Breakdown of Demand for Utility,
         Industrial & Non-Utility, and Others (includes
         corresponding Graph/Chart)                                     III-8
        Competitive Scenario in the US Power T&D Market                 III-8
         Table 40: Leading Players in the US Electric Power
         Transmission and Distribution Equipment Market: Percentage
         Sales Breakdown for 2013 (includes corresponding
         Graph/Chart)                                                   III-8
         US Power Transformers Market: An Oligopoly                     III-9
          Table 41: Leading Players in the US Power Transformers
          Market (2013): Market Share Breakdown for ABB, Alstom
          Grid, GE, Siemens, and Others (includes corresponding
          Graph/Chart)                                                  III-9
         Presence of Leading Suppliers in Medium and Large Power
          Transformers                                                  III-9
        Rising Demand for and Production of LPTs with Capacity Rating   III-9
        Key Import Export Statistics                                    III-10
         Table 42: The US Imports of Power, Distribution & Specialty
         Transformers by Origin Country (2014): Percentage Breakdown
         of Import Value for Mexico, China, Canada, South Korea,
         Netherlands, Germany, Austria, Japan, Taiwan, Brazil, and
         Others (includes corresponding Graph/Chart)                    III-10

         Table 43: The US Imports of Power, Distribution & Specialty
         Transformers by Origin Country (2013): Percentage Breakdown
         of Import Value for Mexico, China, Canada, South Korea,
         Japan, Netherlands, Austria, Germany, Brazil, Taiwan, and
         Others (includes corresponding Graph/Chart)                    III-11

         Table 44: The US Exports of Power, Distribution & Specialty
         Transformers by Destination Country (2014): Percentage
         Breakdown of Export Value for Canada, Mexico, Saudi Arabia,
         South Korea, Venezuela, China, Japan, Hong Kong, Germany,
         Colombia and Others (includes corresponding Graph/Chart)       III-11

         Table 45: The US Exports of Power, Distribution & Specialty
         Transformers by Destination Country (2013): Percentage
         Breakdown of Export Value for Canada, Mexico, Saudi Arabia,
         South Korea, China, Venezuela, Hong Kong, Singapore, Japan,
         Colombia, and Others (includes corresponding Graph/Chart)      III-12
        Product Launches                                                III-12
        Strategic Corporate Developments                                III-13
        Select Key Players                                              III-14
      B.Market Analytics                                                III-16
        Table 46: The US Recent Past, Current & Future Analysis for
        Power Transformers by Capacity Rating - 100 MVA - 500 MVA;
        501 MVA - 800 MVA; and 801 MVA - 1200 MVA Transformer
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-16

        Table 47: The US Historic Review for Power Transformers by
        Capacity Rating - 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2006 through 2012 (includes corresponding Graph/Chart)          III-17

        Table 48: The US 15-Year Perspective for Power Transformers
        by Capacity Rating - Percentage Breakdown of Dollar Sales
        for 100 MVA - 500 MVA; 501 MVA - 800 MVA; and 801 MVA - 1200
        MVA Transformer Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-18

  2. CANADA                                                             III-19
      A.Market Analysis                                                 III-19
        Current & Future Analysis                                       III-19
        Key Trade Statistics                                            III-19
         Table 49: Canadian Power, Distribution and Specialty
         Transformers Export by Destination Country (2009-2013):
         Percentage Breakdown of Export Value for The United States,
         Cuba, China, Australia, Brazil, Netherlands, Jamaica,
         Ireland, Singapore, Poland, and Others (includes
         corresponding Graph/Chart)                                     III-19

         Table 50: Canadian Power, Distribution and Specialty
         Transformers Imports by Origin Country (2009-2013):
         Percentage Breakdown of Export Value for The United States,
         Cuba, China, Australia, Brazil, Netherlands, Jamaica,
         Ireland, Singapore, Poland, and Others (includes
         corresponding Graph/Chart)                                     III-20

         Table 51: Canadian Power, Distribution and Specialty
         Transformers Re-Exports by Origin Country (2009-2013):
         Percentage Breakdown of Export Value for The United States,
         Cuba, China, Australia, Brazil, Netherlands, Jamaica,
         Ireland, Singapore, Poland, and Others (includes
         corresponding Graph/Chart)                                     III-21
        Strategic Corporate Developments                                III-21
      B.Market Analytics                                                III-22
        Table 52: Canadian Recent Past, Current & Future Analysis
        for Power Transformers by Capacity Rating - 100 MVA - 500
        MVA; 501 MVA - 800 MVA; and 801 MVA - 1200 MVA Transformer
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-22

        Table 53: Canadian Historic Review for Power Transformers by
        Capacity Rating - 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2006 through 2012 (includes corresponding Graph/Chart)          III-23

        Table 54: Canadian 15-Year Perspective for Power
        Transformers by Capacity Rating - Percentage Breakdown of
        Dollar Sales for 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets for Years 2006, 2014
        & 2020 (includes corresponding Graph/Chart)                     III-24

  3. JAPAN                                                              III-25
      A.Market Analysis                                                 III-25
        Current & Future Analysis                                       III-25
        Select Key Players                                              III-25
      B.Market Analytics                                                III-26
        Table 55: Japanese Recent Past, Current & Future Analysis
        for Power Transformers by Capacity Rating - 100 MVA - 500
        MVA; 501 MVA - 800 MVA; and 801 MVA - 1200 MVA Transformer
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-26

        Table 56: Japanese Historic Review for Power Transformers by
        Capacity Rating - 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2006 through 2012 (includes corresponding Graph/Chart)          III-27

        Table 57: Japanese 15-Year Perspective for Power
        Transformers by Capacity Rating - Percentage Breakdown of
        Dollar Sales for 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets for Years 2006, 2014 & 
        2020 (includes corresponding Graph/Chart)                     III-28

  4. EUROPE                                                             III-29
      A.Market Analysis                                                 III-29
        Current & Future Analysis                                       III-29
        Overview                                                        III-29
         Transformer Sales to Ride on the Advent of Smart Grids         III-30
          Table 58: Net Electricity Consumption in Europe (in
          Terawatt-Hours (TWh)) by Country: 2007-2011                   III-31
         Value Added Services to Improve Growth Prospects               III-32
         Manufacturing Sector: An Overview                              III-32
         Research and Development Activities                            III-32
         Customer Profile                                               III-33
         Life Span of Transformers                                      III-33
         Value Added Services to Improve Growth Prospects for
          Domestic Manufacturers                                        III-34
        Overview of European Power Regulatory Framework                 III-34
         EC to Establish Internal Energy Market                         III-35
      B.Market Analytics                                                III-36
        Table 59: European Recent Past, Current & Future Analysis
        for Power Transformers by Geographic Region - France,
        Germany, Italy, UK, Spain, Russia and Rest of Europe Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-36

        Table 60: European Historic Review for Power Transformers
        Market by Geographic Region - France, Germany, Italy, UK,
        Spain, Russia and Rest of Europe Markets Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2006 through 2012 (includes corresponding Graph/Chart)          III-37

        Table 61: European 15-Year Perspective for Power
        Transformers Market by Geographic Region - Percentage
        Breakdown of Dollar Sales for France, Germany, Italy, UK,
        Spain, Russia and Rest of Europe Markets for Years 2006,
        2014 & 2020 (includes corresponding Graph/Chart)                III-38

        Table 62: European Recent Past, Current & Future Analysis
        for Power Transformers by Capacity Rating - 100 MVA - 500
        MVA; 501 MVA - 800 MVA; and 801 MVA - 1200 MVA Transformer
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-39

        Table 63: European Historic Review for Power Transformers by
        Capacity Rating - 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2006 through 2012 (includes corresponding Graph/Chart)          III-40

        Table 64: European 15-Year Perspective for Power
        Transformers by Capacity Rating - Percentage Breakdown of
        Dollar Sales for 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets for Years 2006, 2014 & 2020 
        (includes corresponding Graph/Chart)                            III-41

  4a. FRANCE                                                            III-42
      A.Market Analysis                                                 III-42
        Current & Future Analysis                                       III-42
        Product Introduction                                            III-42
        Strategic Corporate Development                                 III-42
        Select Key Players                                              III-42
      B.Market Analytics                                                III-44
        Table 65: French Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-44

        Table 66: French Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-45

  4b. GERMANY                                                           III-46
      A.Market Analysis                                                 III-46
        Current & Future Analysis                                       III-46
        Product Introduction                                            III-46
        Strategic Corporate Development                                 III-46
        Siemens Ag - A Leading German Company                           III-46
      B.Market Analytics                                                III-47
        Table 67: German Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-47

        Table 68: German Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-48

  4c. ITALY                                                             III-49
      A.Market Analysis                                                 III-49
        Current & Future Analysis                                       III-49
        Electricity Consumption                                         III-49
         Table 69: Italian Domestic Power Generation by Energy
         Source (2013): Percentage Breakdown of Power Production for
         Thermal, Hydroelectric, Wind, Geothermal, and Solar PV
         Sources (includes corresponding Graph/Chart)                   III-49
        Italian Electricity Regulatory Framework                        III-50
        Strategic Corporate Development                                 III-50
      B.Market Analytics                                                III-51
        Table 70: Italian Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-51

        Table 71: Italian Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-52

  4d. THE UNITED KINGDOM                                                III-53
      A.Market Analysis                                                 III-53
        Current & Future Analysis                                       III-53
        Strategic Corporate Developments                                III-53
      B.Market Analytics                                                III-54
        Table 72: The UK Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-54

        Table 73: The UK Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-55

  4e. SPAIN                                                             III-56
      A.Market Analysis                                                 III-56
        Current & Future Analysis                                       III-56
        New Regulatory Agency Established                               III-56
      B.Market Analytics                                                III-57
        Table 74: Spanish Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-57

        Table 75: Spanish Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-58

  4f. RUSSIA                                                            III-59
      A.Market Analysis                                                 III-59
        Current & Future Analysis                                       III-59
         Table 76: Russian Power Generation Capacity by Energy
         Source (2010 & 2020): Percentage Breakdown of Power
         Generation Capacity from Gas, Coal, Hydro, Nuclear, and Oil
         (includes corresponding Graph/Chart)                           III-59
        Product Launch                                                  III-60
        Strategic Corporate Developments                                III-60
        Ojsc Power Machines - A Key Player                              III-60
      B.Market Analytics                                                III-61
        Table 77: Russian Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-61

        Table 78: Russian Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-62

  4g. REST OF EUROPE                                                    III-63
      A.Market Analysis                                                 III-63
        Current & Future Analysis                                       III-63
        Product Launch                                                  III-63
        Strategic Corporate Developments                                III-63
        Select Key Players                                              III-64
      B.Market Analytics                                                III-66
        Table 79: Rest of European Recent Past, Current & Future
        Analysis for Power Transformers Market Analyzed with Annual
        Sales Figures in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-66

        Table 80: Rest of European Historic Review for Power
        Transformers Market Analyzed with Annual Sales Figures in
        US$ Million for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-67

  5. ASIA-PACIFIC                                                       III-68
      A.Market Analysis                                                 III-68
        Current & Future Analysis                                       III-68
        Asian Countries Offer Significant Growth Opportunities          III-68
        Rural Electrification in Asian Countries Promote Growth         III-70
        Railway Electrification and High Speed Railway Projects
         Benefit Market Growth                                          III-70
      B.Market Analytics                                                III-71
        Table 81: Asia-Pacific Recent Past, Current & Future
        Analysis for Power Transformers Market by Geographic Region - 
        China, India and Rest of Asia-Pacific Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-71

        Table 82: Asia-Pacific Historic Review for Power
        Transformers Market by Geographic Region - China, India and
        Rest of Asia-Pacific Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-72

        Table 83: Asia-Pacific 15-Year Perspective for Power
        Transformers Market by Geographic Region - Percentage
        Breakdown of Dollar Sales for China, India and Rest of
        Asia-Pacific Markets for Years 2006, 2014 & 2020 (includes
        corresponding Graph/Chart)                                      III-73

        Table 84: Asia-Pacific Recent Past, Current & Future
        Analysis for Power Transformers by Capacity Rating - 100 MVA - 
        500 MVA; 501 MVA - 800 MVA; and 801 MVA - 1200 MVA
        Transformer Markets Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-74

        Table 85: Asia-Pacific Historic Review for Power
        Transformers by Capacity Rating - 100 MVA - 500 MVA; 501 MVA - 
        800 MVA; and 801 MVA - 1200 MVA Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-75

        Table 86: Asia-Pacific 15-Year Perspective for Power
        Transformers by Capacity Rating - Percentage Breakdown of
        Dollar Sales for 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets for Years 2006, 2014 & 
        2020 (includes corresponding Graph/Chart)                     III-76

  5a. CHINA                                                             III-77
      A.Market Analysis                                                 III-77
        Current & Future Analysis                                       III-77
        Market Overview                                                 III-77
         Table 87: Electricity Consumption in China: 2000-2013 (in
         TWh) (includes corresponding Graph/Chart)                      III-78

         Table 88: China Power Generation Capacity by Fuel Type
         (2010 & 2020E): Breakdown of Capacity in Gigawatts for
         Coal, Hydro, Wind, Nuclear, Gas, Pumped Storage, Solar,
         Biomass, and Others (includes corresponding Graph/Chart)       III-78
         The Northwest and Southeast Regions of China to Bolster the
          Demand for Electric T&D Equipment                             III-79
        Domestic Market Growth Attracts International Players           III-79
        Rising Demand for Chinese Transformers in Overseas Markets      III-79
        Industry Moves Towards High-Voltage Transformers                III-79
        Issues Persist in the Chinese Transformer Industry              III-80
        Chinese Transformers Industry - Highly Competitive at the
         Lower End                                                      III-80
         Table 89: Leading Players in the Chinese Transformers
         Market (2013): Percentage Market Share Breakdown for ABB,
         Baoding, TBEA, XD Electric and Others (includes
         corresponding Graph/Chart)                                     III-80
         Ranking of Leading Domestic Transformer Manufacturers: 2014    III-81
        Strategic Corporate Developments                                III-81
        Select Key Players                                              III-82
      B.Market Analytics                                                III-83
        Table 90: Chinese Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-83

        Table 91: Chinese Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-84

  5b. INDIA                                                             III-85
      A.Market Analysis                                                 III-85
        Current & Future Analysis                                       III-85
        Transformers Market Overview                                    III-85
         Table 92: Indian Market for T&D Electrical Equipment by
         Product (FY 2013-2014): Market Share Breakdown for
         Transmission Lines, Cables, Transformers, Switchgear,
         Rotating Machines, Energy Meters, and Capacitors (includes
         corresponding Graph/Chart)                                     III-85
        Indian Transformers Market Sails through Turbulent Waters       III-86
        Government Investment into Power Generation and T&D Grid to
         Revitalize the Market                                          III-86
         Table 93: Indian Installed Power Generation Capacity by
         Type of Energy Source (2013): Percentage Breakdown of
         Capacity for Thermal, Hydro, Nuclear, and Renewable Energy
         Source (includes corresponding Graph/Chart)                    III-87

         Table 94: Indian Power Generation Market (2013-2018): Total
         Planned Power Generation Capacity Addition by Power Source
         for Hydro Power and Thermal Power (in MW) (includes
         corresponding Graph/Chart)                                     III-88
         Government Initiatives to Strengthen State Electricity
          Boards Benefits the Market                                    III-88
        Indian Transformers Industry - Geared to Serve Growing Demand   III-89
        Indian Transformers Market: List of Leading Players in Tier
         1, Tier 2, and Tier 3                                          III-89
         Table 95: Leading Players in the Indian Transformers Market
         (2014): Percentage Breakdown of Production Capacities for
         ABB, Alstom, Baoding Tianwei, BHEL, Crompton Greaves,
         Siemens, TBEA, Transformers & Rectifiers India, and Others
         (includes corresponding Graph/Chart)                           III-90
         India Growing Into a Major Global Export Hub for Transformers  III-91
         Tough Times for Domestic Manufacturers                         III-91
         CRGO Supply Bottlenecks Constrain Domestic Producers           III-91
         Overseas Players Keenly Eye Indian Shores, Market Headed
          for Consolidation                                             III-92
         Local Players Turn to Government to Shield Market from
          Threat of Cheap Imports                                       III-92
         Domestic Players Call for Higher Government Investment into
          RDT&E Infrastructure and Branding                             III-93
        Higher Voltage Systems Highlight the Way to New Opportunities   III-93
         Table 96: Leading Players in the Indian High Power
         Transformer Market: Percentage Market Shares for 2012
         (includes corresponding Graph/Chart)                           III-94
        Wound Core Designs Replace Stacked Core Models in India         III-94
        Product Introductions                                           III-94
        Strategic Corporate Developments                                III-95
        Select Key Players                                              III-96
      B.Market Analytics                                                III-101
        Table 97: Indian Recent Past, Current & Future Analysis for
        Power Transformers Market Analyzed with Annual Sales Figures
        in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-101

        Table 98: Indian Historic Review for Power Transformers
        Market Analyzed with Annual Sales Figures in US$ Million for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-102

  5c. REST OF ASIA-PACIFIC                                              III-103
      A.Market Analysis                                                 III-103
        Current & Future Analysis                                       III-103
        Focus on Select Regional Markets                                III-103
         Australia and New Zealand: Market Overview                     III-103
          Governing Bodies & Industry Standards                         III-103
         Afghanistan                                                    III-104
         Bangladesh                                                     III-104
         Singapore                                                      III-104
         Thailand                                                       III-104
         Taiwan                                                         III-104
          Key Regional Statistics on Energy Sources for Power
           Generation                                                   III-105
           Table 99: Taiwanese Power Generation Capacity by Energy
           Source (2010 & 2020): Percentage Breakdown of Power
           Generation Capacity from Coal, Gas, Nuclear, Hydro, Oil,
           and Renewable Energy Sources (includes corresponding
           Graph/Chart)                                                 III-105

           Table 100: Malaysia Power Generation Capacity by Energy
           Source (2010 & 2020): Percentage Breakdown of Power
           Generation Capacity from Gas, Coal, Hydro, Renewable
           Energy, and Oil Sources (includes corresponding
           Graph/Chart)                                                 III-106

           Table 101: Thailand Power Generation Capacity by Energy
           Source (2010 & 2020): Percentage Breakdown of Power
           Generation Capacity from Gas, Renewable Energy, Coal,
           Hydro, and Oil Sources (includes corresponding
           Graph/Chart)                                                 III-106

           Table 102: Philippines Power Generation Capacity by
           Energy Source (2010 & 2020): Percentage Breakdown of
           Power Generation Capacity from Coal, Gas, Hydro, Oil, and
           Renewable Energy Sources (includes corresponding
           Graph/Chart)                                                 III-107
        Strategic Corporate Developments                                III-107
        Select Key Players                                              III-108
      B.Market Analytics                                                III-110
        Table 103: Rest of Asia-Pacific Recent Past, Current &
        Future Analysis for Power Transformers Market Analyzed with
        Annual Sales Figures in US$ Million for Years 2013 through
        2020 (includes corresponding Graph/Chart)                       III-110

        Table 104: Rest of Asia-Pacific Historic Review for Power
        Transformers Market Analyzed with Annual Sales Figures in
        US$ Million for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-111

  6. LATIN AMERICA                                                      III-112
      A.Market Analysis                                                 III-112
        Current & Future Analysis                                       III-112
        Mexico                                                          III-112
        Mexico’s Plans for Smart Grid to Drive Distribution
         Transformers Market                                            III-113
        Government: The Regulatory Body                                 III-113
      B.Market Analytics                                                III-114
        Table 105: Latin American Recent Past, Current & Future
        Analysis for Power Transformers by Geographic Region -
        Brazil and Rest of Latin America Markets Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2013 through 2020 (includes corresponding Graph/Chart)          III-114

        Table 106: Latin American Historic Review for Power
        Transformers by Geographic Region - Brazil and Rest of Latin
        America Markets Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-115

        Table 107: Latin American 15-Year Perspective for Power
        Transformers by Geographic Region - Percentage Breakdown of
        Dollar Sales for Brazil and Rest of Latin America Markets
        for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-116

        Table 108: Latin American Recent Past, Current & Future
        Analysis for Power Transformers by Capacity Rating - 100 MVA - 
        500 MVA; 501 MVA - 800 MVA; and 801 MVA - 1200 MVA
        Transformer Markets Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-117

        Table 109: Latin America Historic Review for Power
        Transformers by Capacity Rating - 100 MVA - 500 MVA; 501 MVA - 
        800 MVA; and 801 MVA - 1200 MVA Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-118

        Table 110: Latin American 15-Year Perspective for Power
        Transformers by Capacity Rating - Percentage Breakdown of
        Dollar Sales for 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets for Years 2006, 2014 & 
        2020 (includes corresponding Graph/Chart)                     III-119

  6a. BRAZIL                                                            III-120
      A.Market Analysis                                                 III-120
        Current and Future Analysis                                     III-120
        Rising Energy Consumption to Drive Demand for Power
         Transformers                                                   III-120
         Table 111: Brazilian Electricity Production by Energy
         Source (2013): Percentage Breakdown of Installed Capacity
         for Hydro, Thermal, Renewable Energy, Imports, and Nuclear
         Power (includes corresponding Graph/Chart)                     III-121
        Strategic Corporate Developments                                III-121
      B.Market Analytics                                                III-122
        Table 112: Brazilian Recent Past, Current & Future Analysis
        for Power Transformers Analyzed with Annual Sales Figures in
        US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-122

        Table 113: Brazilian Historic Review for Power Transformers
        Analyzed with Annual Sales Figures in US$ Million for Years
        2006 through 2012 (includes corresponding Graph/Chart)          III-123

  6b. REST OF LATIN AMERICA                                             III-124
      A.Market Analysis                                                 III-124
        Current and Future Analysis                                     III-124
        Key Power Generation Statistics                                 III-124
         Table 114: Peru Power Generation Capacity by Energy Source
         (2010 & 2020): Percentage Breakdown of Power Generation
         Capacity from Hydro, Coal, Gas, Oil, and Renewable Energy
         Sources (includes corresponding Graph/Chart)                   III-124

         Table 115: Chile Power Generation Capacity by Energy Source
         (2010 & 2020): Percentage Breakdown of Power Generation
         Capacity from Hydro, Coal, Gas, Oil, and Renewable Energy
         Sources (includes corresponding Graph/Chart)                   III-125
        Strategic Corporate Development                                 III-125
      B.Market Analytics                                                III-126
        Table 116: Rest of Latin America Recent Past, Current &
        Future Analysis for Power Transformers Analyzed with Annual
        Sales Figures in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-126

        Table 117: Rest of Latin America Historic Review for Power
        Transformers Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-127

  7. REST OF WORLD                                                      III-128
      A.Market Analysis                                                 III-128
        Current & Future Analysis                                       III-128
        GCC Countries to Ramp up Transmission Infrastructure to Meet
         Growing Consumer and Industrial Demand                         III-128
        African Governments to Improve Power Generation and
         Transmission Infrastructure                                    III-128
        Electricity Crisis to Drive Transformer Equipment Demand in
         South Africa                                                   III-129
        Major Technological Trends in the South African Market          III-129
         Table 118: South African Power Transformer by End-User
         (2014): Market Share Breakdown for ESKOM, Industry, and
         Municipality (includes corresponding Graph/Chart)              III-130
        Product Introduction                                            III-130
        Strategic Corporate Developments                                III-130
        Powertech Transformers (Pty) Ltd. - A South African Key Player  III-131
      B.Market Analytics                                                III-133
        Table 119: Rest of World Recent Past, Current & Future
        Analysis for Power Transformers by Capacity Rating - 100 MVA
        - 500 MVA; 501 MVA - 800 MVA; and 801 MVA - 1200 MVA
        Transformer Markets Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-133

        Table 120: Rest of World Historic Review for Power
        Transformers by Capacity Rating - 100 MVA - 500 MVA; 501 MVA - 
        800 MVA; and 801 MVA - 1200 MVA Transformer Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-134

        Table 121: Rest of World 15-Year Perspective for Power
        Transformers by Capacity Rating - Percentage Breakdown of
        Dollar Sales for 100 MVA - 500 MVA; 501 MVA - 800 MVA; and
        801 MVA - 1200 MVA Transformer Markets for Years 2006, 2014 & 
        2020 (includes corresponding Graph/Chart)                     III-135


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 75 (including Divisions/Subsidiaries - 100)

     The United States (10)
     Canada (1)
     Japan (4)
     Europe (25)
     - France (1)
     - Germany (4)
     - The United Kingdom (1)
     - Italy (4)
     - Spain (2)
     - Rest of Europe (13)
     Asia-Pacific (Excluding Japan) (49)
     Africa (3)
     Latin America (3)
     Middle East (5)
Additional Information:
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Date of Publication:
Feb 5, 2015
Number of Pages:
336 Pages
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