Switchgears Industry Business Report

Switchgears - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Feb 5, 2015, 444 Pages
US$4,950.00
GIA-MCP6012

Switchgears Industry Business Report

This report analyzes the worldwide markets for Switchgears in US$ Million by the following Product Segments: LV Switchgear, MV Switchgear, and HV Switchgear. The US and Canadian Markets are analysed by the following Product Segments: LV Switchgear (By Product Categories - MCCB, Panel Boards, & Others), MV Switchgear (By Product Categories - Outdoor Circuit Breaker, Indoor Circuit Breaker, & Others; By Technology – SF6, Vacuum), and HV Switchgear (By Product Categories - Disconnectors, & Breakers; By Technology - GIS/Mixed-Gas, and Vacuum/Compact/AIS). Major End-Use markets also analyzed for the US and Canadian markets include Commercial, Utility, Institutional, and Industrial. 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. The report profiles 185 companies including many key and niche players such as -

ABB Ltd.
Alstom SA
Bharat Heavy Electricals Limited
China Xian Electric Group
Crompton Greaves Ltd.

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
       Low Voltage Switchgears                                          I-3
       Medium Voltage Switchgears                                       I-3
       High Voltage Switchgear                                          I-4


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Electric Power Transmission & Distribution Equipment: A
       Rudimentary Overview                                             II-1
       Key End-Users of Electric Power T&D Equipment                    II-2
        Table 1: Global Electric Power Transmission and Distribution
        Equipment Market (2006, 2014 & 2020): Percentage Share
        Breakdown of Revenues by Geographic Region/Country (includes
        corresponding Graph/Chart)                                      II-3

        Table 2: Global Electric Power Transmission and Distribution
        Equipment Market (2014E): Percentage Share Breakdown of
        Revenues by Segment (includes corresponding Graph/Chart)        II-3
      Switchgear: The Largest Product Segment within the Global
       Power T&D Equipment Market                                       II-3
      Spiraling Electricity Consumption and Increasing Power
       Production - A Business Case for Switchgears                     II-4
       Opportunity Indicators:                                          II-5
        Table 3: Global Electricity Consumption (2008-2012): Yearly
        Breakdown of Electricity Consumption Volume (in Billion kWh)
        (includes corresponding Graph/Chart)                            II-5

        Table 4: Global Electricity Consumption (2013): Percentage
        Share Breakdown of Electricity Consumption Volume by Country
        (includes corresponding Graph/Chart)                            II-5

        Table 5: Global Electricity Production (2008-2012): Yearly
        Breakdown of Electricity Production Volume (in Billion kWh)
        (includes corresponding Graph/Chart)                            II-6

        Table 6: World Electric Power Generation: Growth Trajectory
        for the Period 2004 & 2015 (in Billion KWh) (includes
        corresponding Graph/Chart)                                      II-6

        Table 7: Global Electricity Production (2013): Percentage
        Share Breakdown of Electricity Production Volume by Country
        (includes corresponding Graph/Chart)                            II-6

        Table 8: Global Per Capita Electricity Consumption (2010):
        Breakdown for Select Geographic Region/Country for the year
        2010 (in kWh Per Capita) (includes corresponding
        Graph/Chart)                                                    II-7

        Table 9: World Electricity Accessibility (2013): Percentage
        Share Breakdown of Countries by Access to Electricity as a
        Percentage of Population (includes corresponding
        Graph/Chart)                                                    II-8
      Growth Slips Amid Weak Economy During 2007-2009 Recession         II-9
      Led by Strong Demand from Developing Countries, Global
       Switchgears Market Recovers Growth Momentum in 2010              II-10
      Natural Calamities Dampen the Market Sentiment in Japan &
       Thailand in 2011                                                 II-11
      Switchgears Market in Europe Once Again Tested by Euro Debt
       Crisis in 2012 & 2013: A Review                                  II-11
      Growth Slips in US in 2013 Against the Backdrop of Fresh
       Economic Uncertainty in the Nation                               II-13
      Despite Slowdown in Developed Regions Between 2012 & 2013,
       Global Market Avoid Deep Erosions in Growth                      II-15
      Relatively Stable Economic Growth Forecasts for 2015 & Beyond
       to Benefit Global Switchgears Market                             II-15
      Market Outlook                                                    II-17
      Competitive Landscape                                             II-18
       Table 10: Global High Voltage Switchgear Market (2013):
       Percentage Market Share Breakdown By Leading Players
       (includes corresponding Graph/Chart)                             II-18
      Collaboration: The Ongoing Trend                                  II-19
      Customer Loyalty Building: Imperative for Sustenance              II-19

  2. NOTEWORTHY GROWTH DRIVERS, TRENDS AND ISSUES                       II-20
      Developing Countries to Turbo Charge Future Growth in the Market  II-20
       Railway Electrification and High Speed Railway Projects in
        the Developing Countries Offer Significant Opportunities        II-20
       Rural Electrification to Lend Traction in Developing Markets     II-20
      Replacement & Upgradation of Obsolete Systems to Spur Demand
       for Switchgears                                                  II-21
       Developed Markets - Key Beneficiaries of Strong Replacement
        Demand                                                          II-21
      Power Utilities - A Major Market for High and Medium Voltage
       Switchgears                                                      II-22
       Energy Sector Deregulation: A Review                             II-22
        Marching from Regulated Monopoly to Deregulation                II-22
        Rationale Underlying Deregulation                               II-22
        Deregulation: A Double-Edged Knife                              II-23
        Green Power                                                     II-23
        Implications for Switchgears in Electric Utilities              II-23
      Mega Trends Continue to Strengthen the Need for Expanding
       Electricity Infrastructure - Strengthen Market Prospects for
        Switchgears                                                     II-24
       Table 11: Global Population Estimates (2000-2050) (includes
       corresponding Graph/Chart)                                       II-24

       Table 12: Population Statistics for Select Countries: 2007,
       2010 & 2013E (in Million) (includes corresponding
       Graph/Chart)                                                     II-25

       Table 13: World’s Most Populous Cities: Percentage Breakdown
       by Total Urban Population for Tokyo, Delhi, Mexico City, New
       York, Shanghai and Others (includes corresponding
       Graph/Chart)                                                     II-26

       Table 14: Total Population Worldwide by Urban and Rural
       Population in Thousands: 1950-2050P (includes corresponding
       Graph/Chart)                                                     II-26

       Table 15: Total Population Worldwide: Percentage Breakdown by
       Urban and Rural Population for the Years 1950-2050P (includes
       corresponding Graph/Chart)                                       II-27

       Table 16: Estimated Percentage of Urbanization in World,
       China and India for the Years 2011 and 2018 (includes
       corresponding Graph/Chart)                                       II-28
       Continued Investments in Nuclear Power Plants to Boost Market
        Prospects                                                       II-28
        Opportunity Indicators:                                         II-29
         Table 17: World Market for Nuclear Power Generation (2011 &
         2017): Breakdown of Annual Power Generation in Billion
         Kilowatt-hours (kWh) by Region/Country (includes
         corresponding Graph/Chart)                                     II-29

         Table 18: World Market for Nuclear Power Reactors: Net
         Electrical Capacity by Leading Country (as of Mar 2013)
         (includes corresponding Graph/Chart)                           II-29

         Table 19: Number of Reactors In Operation by Region (as of
         Mar 2013) (includes corresponding Graph/Chart)                 II-30
       Growing Focus on Renewable Energy Augurs Well for Switchgears
        Market                                                          II-30
        Opportunity Indicators                                          II-32
         Table 20: World Installed Base of Wind Energy (In
         Megawatts) by Geographic Region for Years 2012 & 2017F
         (includes corresponding Graph/Chart)                           II-32

         Table 21: World Solar Panels Market (2011 & 2017):
         Breakdown of Annual Dollar Sales in US$ Million by
         Region/Country (includes corresponding Graph/Chart)            II-32
       Widespread Smart Grid Implementation Turbo Charges High and
        Medium-Voltage Switchgear Market                                II-33
      Non-Utility Electricity Generators also Lend Traction to
       Switchgears Market                                               II-33
      Switchgear Market to Benefit from Widespread Industrial,
       Commercial and Residential Use                                   II-33
      Low Voltage Switchgear Continue to Dominate the Market            II-34
      Gas Insulated Switchgears Exhibits Growth                         II-34
      Technology Advancements & Product Developments to Boost Market
       Prospects                                                        II-35
       Eco-Friendly Alternative for SF6 to Drive the Demand for GIS     II-35
       Intelligent Switchgears - Order of the Day                       II-35
       Arc Resistant Technology Imperative to the Efficiency of
        Switchgears                                                     II-36
       Magnetic Actuators Gain Prominence                               II-36
       Vacuum Circuit Breakers Makes the Cut                            II-36
       Auto-Reclosers Circuit Breakers Drives Switchgears Market        II-36
      Pricing Pressures & Volatile Raw Material Prices - Major
       Challenge for Manufacturers                                      II-37

  3. PRODUCT OVERVIEW                                                   II-38
      Switchgears - Definition                                          II-38
       Circuit Breaker                                                  II-38
       Fuses                                                            II-38
       Disconnectors                                                    II-38
       Contactor                                                        II-38
      Classification By Voltage Class                                   II-38
       Low Voltage Switchgears                                          II-38
       Medium Voltage Switchgears                                       II-39
       High Voltage Switchgear                                          II-39
      Classification by Insulating Medium                               II-39
       Air Circuit Breakers (ACB)                                       II-39
       Vacuum Circuit Breakers (VCBs)                                   II-39
       Gas Insulated Switchgear (GIS)                                   II-39
       Oil Circuit Breakers                                             II-39
       Hybrid Switchgear                                                II-40
      Classification by Construction Type                               II-40
       Indoor Switchgear                                                II-40
       Outdoor Switchgear                                               II-40
       Miniature circuit breakers (MCB)                                 II-40
       Residual Current Device (RCD)                                    II-40
       Switch Disconnector Fuse (SDF)                                   II-40
       Molded Case Circuit Breaker (MCCB)                               II-40
      Applications                                                      II-40
       Commercial                                                       II-40
       Industrial                                                       II-41
       Residential                                                      II-41
       Utilities                                                        II-41

  4. PRODUCT INTRODUCTIONS/INNOVATIONS                                  II-42
      S&C Electric Rolls Out Custom Metal-Enclosed Switchgear           II-42
      S&C Electric Launches Vista® SD Underground Distribution
       Switchgear                                                       II-42
      S&C Electric Unveils 6801M Automatic Switch Operator              II-42
      Mersen Electrical Power Unleashes New Compact Low Voltage
       Switchgear                                                       II-42
      Alstom Grid Unveils HYpact Hybrid Switchgear for Railway
       Energy Transmission Networks                                     II-42
      Siemens Launches New 320kV Compact Gas-Insulated Switchgear       II-42
      ABB Rolls Out 420kV High-Voltage Hybrid Switchgear                II-42
      ABB Develops Groundbreaking Alternative Insulation Gas Mixture
       for SF6                                                          II-43
      Voltamp Energy to Unveil New Medium Voltage Switchgears in Oman   II-43
      Cooper Power Systems Launches New Smart VFI Switchgear            II-43
      Eaton Introduces Capitole 40 Mechanical Test Position             II-43
      Eaton Develops Metal-Enclosed, Arc-Resistant Load Interrupter
       Switchgear Design                                                II-43
      Lucy Switchgear to Expand Switchgear Range                        II-43
      ABB Rolls Out Emax Link Abbreviated Switchgear                    II-44
      ABB Launches New-Generation Gas Insulated Switchgear              II-44
      Eaton Introduces Xiria E MV Switchgear                            II-44
      ABB Introduces New Disconnecting Circuit Breaker                  II-44
      Schneider Electric Launches Premset Switchgear                    II-44
      Richardson Group Introduces New Richardson E Line Series          II-44
      ABB Launches VersaPad™ Switchgear                                 II-44
      ABB Introduces 420kV GIS                                          II-45
      Eaton Introduces Power Xpert FMX Medium-Voltage Switchgear System II-45
      Eaton Introduces New Arc-Resistant Switchgear                     II-45
      Anchor Electricals Introduces Range of Panasonic Switchgear
       and Protection Devices                                           II-45
      Crabtree Introduces New Premium Range of Crabtree XPRO
       Switchgears                                                      II-45
      Havells India Launches Home Safe Protection Devices Range         II-45
      Schneider Electric Unveils Prisma iPM and Blokset Switchgear
       Products                                                         II-45

  5. RECENT INDUSTRY ACTIVITY                                           II-46
      ABB Wins Shell’s Global Supplier Contract for Low Voltage
       Switchgear                                                       II-46
      Toshiba Takes Over Vijai Electricals’ Power T&D Businesses        II-46
      Toshiba International Signs Distributorship Agreement with
       Switchgear Solutions                                             II-46
      Alstom Grid Inks Joint Venture Agreement with Soyuz Holding       II-46
      Havells India to Launch New Switchgear Plant                      II-46
      Avantha Group Company CG Signs Joint Venture Agreement with PLNE  II-46
      Elektrovat to Launch Power Switchgear Facility                    II-47
      Crompton Greaves to Launch a New Switchgear Production
       Facility in Brazil                                               II-47

  6. FOCUS ON SELECT PLAYERS                                            II-48
      ABB Ltd. (Switzerland)                                            II-48
      Alstom SA (France)                                                II-48
      Bharat Heavy Electricals Limited (India)                          II-49
      China Xian Electric Group (China)                                 II-49
      Crompton Greaves Ltd. (India)                                     II-49
      Eaton Corporation (USA)                                           II-50
      G&W Electric Company (USA)                                        II-50
      General Electric Company (USA)                                    II-50
      Hyosung (South Korea)                                             II-51
      Mitsubishi Electric Corporation (Japan)                           II-51
      Powell Industries Inc (USA)                                       II-51
      S&C Electric Company (USA)                                        II-52
      Schneider Electric SA (France)                                    II-52
      Siemens AG (Germany)                                              II-52
      Thomas & Betts Corporation (USA)                                  II-53

  7. GLOBAL MARKET PERSPECTIVE                                          II-54
      Table 22: Global Recent Past, Current & Future Analysis for
      Switchgears by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific, Latin America and Rest of World Markets
      Independently Analyzed with Annual Revenues in US$ Million for
      Years 2013 through 2020 (includes corresponding Graph/Chart)      II-54

      Table 23: Global Historic Review for Switchgears by Geographic
      Region - US, Canada, Japan, Europe, Asia-Pacific, Latin
      America and Rest of World Markets Independently Analyzed with
      Annual Revenues in US$ Million for Years 2006 through 2012
      (includes corresponding Graph/Chart)                              II-55

      Table 24: Global 15-Year Perspective for Switchgears by
      Geographic Region - Percentage Breakdown of Revenues for US,
      Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of
      World Markets for Years 2006, 2014 & 2020 (includes
      corresponding Graph/Chart)                                        II-56

      Table 25: Global Recent Past, Current & Future Analysis for
      Low Voltage Switchgears by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific, Latin America and Rest of World
      Markets Independently Analyzed with Annual Revenues in US$
      Million for Years 2013 through 2020 (includes corresponding
      Graph/Chart)                                                      II-57

      Table 26: Global Historic Review for Low Voltage Switchgears
      by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific, Latin America and Rest of World Markets
      Independently Analyzed with Annual Revenues in US$ Million for
      Years 2006 through 2012 (includes corresponding Graph/Chart)      II-58

      Table 27: Global 15-Year Perspective for Low Voltage
      Switchgears by Geographic Region - Percentage Breakdown of
      Revenues for US, Canada, Japan, Europe, Asia-Pacific, Latin
      America and Rest of World Markets for Years 2006, 2014 & 2020
      (includes corresponding Graph/Chart)                              II-59

      Table 28: Global Recent Past, Current & Future Analysis for
      Medium Voltage Switchgears by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific, Latin America and Rest of World
      Markets Independently Analyzed with Annual Revenues in US$
      Million for Years 2013 through 2020 (includes corresponding
      Graph/Chart)                                                      II-60

      Table 29: Global Historic Review for Medium Voltage
      Switchgears by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific, Latin America and Rest of World Markets
      Independently Analyzed with Annual Revenues in US$ Million for
      Years 2006 through 2012 (includes corresponding Graph/Chart)      II-61

      Table 30: Global 15-Year Perspective for Medium Voltage
      Switchgears by Geographic Region - Percentage Breakdown of
      Revenues for US, Canada, Japan, Europe, Asia-Pacific, Latin
      America and Rest of World Markets for Years 2006, 2014 & 2020
      (includes corresponding Graph/Chart)                              II-62

      Table 31: Global Recent Past, Current & Future Analysis for
      High Voltage Switchgears by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific, Latin America and Rest of World
      Markets Independently Analyzed with Annual Revenues in US$
      Million for Years 2013 through 2020 (includes corresponding
      Graph/Chart)                                                      II-63

      Table 32: Global Historic Review for High Voltage Switchgears
      by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific, Latin America and Rest of World Markets
      Independently Analyzed with Annual Revenues in US$ Million for
      Years 2006 through 2012 (includes corresponding Graph/Chart)      II-64

      Table 33: Global 15-Year Perspective for High Voltage
      Switchgears by Geographic Region - Percentage Breakdown of
      Revenues for US, Canada, Japan, Europe, Asia-Pacific, Latin
      America and Rest of World Markets for Years 2006, 2014 & 2020
      (includes corresponding Graph/Chart)                              II-65


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Outlook                                                         III-1
        Overview                                                        III-1
        American Government Bodies and Institutions - Investment
         Outlook                                                        III-1
        Growing Focus on Renewable Energy Projects to Drive Demand
         for Switchgears in US                                          III-2
         Table 34: US Energy Market (2014E): Percentage Share
         Breakdown of Net Energy Generated by Source (includes
         corresponding Graph/Chart)                                     III-2
        Replacement Demand to Boost Switchgear Market                   III-2
        Product Improvements to Drive Demand for High & Medium
         Voltage Switchgears                                            III-3
        Channels of Distribution                                        III-3
        Imported Products Put Pressure on Domestic Manufacturers        III-3
         Key Statistical Findings                                       III-4
          Table 35: Leading Players in the North American High
          Voltage Switchgear Market (2013): Percentage Share
          Breakdown of Revenue for ABB, Mitsubishi, Siemens AG, and
          Others (includes corresponding Graph/Chart)                   III-4

          Table 36: Leading Players in the North American Medium
          Voltage Switchgear Market (2013): Percentage Share
          Breakdown of Revenues for ABB, Powell Industries, S&C and
          Others (includes corresponding Graph/Chart)                   III-4

          Table 37: Leading Players in the North American Low
          Voltage Switchgear Market (2013): Percentage Share
          Breakdown of Revenues for Eaton, Schneider Electric,
          Siemens AG and Others (includes corresponding Graph/Chart)    III-4

          Table 38: North American Medium Switchgear Market (2014E):
          Percentage Share Breakdown of Dollar Sales by Voltage
          Range (includes corresponding Graph/Chart)                    III-5

          Table 39: North American Medium Voltage Switchgear Market
          (2014E): Percentage Share Breakdown of Dollar Sales by
          Equipment Type (includes corresponding Graph/Chart)           III-5

          Table 40: US High Voltage Switchgear Market (2014E):
          Percentage Share Breakdown by Type (includes corresponding
          Graph/Chart)                                                  III-5

          Table 41: North American Underground Switchgear Market
          (2014E): Percentage Share Breakdown of Revenues by End-Use
          Sector (includes corresponding Graph/Chart)                   III-6
        Product Launches                                                III-6
        Strategic Corporate Developments                                III-7
        Select Players                                                  III-7
      B.Market Analytics                                                III-9
        Table 42: US Recent Past, Current & Future Analysis for
        Switchgears by Product Segment - Low Voltage Switchgear,
        Medium Voltage Switchgear and High Voltage Switchgear
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-9

        Table 43: US Historic Review for Switchgears by Product
        Segment - Low Voltage Switchgear, Medium Voltage Switchgear
        and High Voltage Switchgear Markets Independently Analyzed
        with Annual Revenues in US$ Million for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-10

        Table 44: US 15-Year Perspective for Switchgears by Product
        Segment - Percentage Breakdown of Revenues for Low Voltage
        Switchgear, Medium Voltage Switchgear and High Voltage
        Switchgear Markets for Years 2006, 2014 & 2020 (includes
        corresponding Graph/Chart)                                      III-11

        Table 45: US Recent Past, Current & Future Analysis for Low
        Voltage Switchgears by Product Segment - MCCB, Panel Boards
        and Others Markets Independently Analyzed with Annual
        Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-12

        Table 46: US Historic Review for Low Voltage Switchgears by
        Product Segment - MCCB, Panel Boards and Others Markets
        Independently Analyzed with Annual Revenues in US$ Million
        for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-13

        Table 47: US 15-Year Perspective for Low Voltage Switchgears
        by Product Segment - Percentage Breakdown of Revenues for
        MCCB, Panel Boards and Others Markets for Years 2006, 2014 &
        2020 (includes corresponding Graph/Chart)                       III-14

        Table 48: US Recent Past, Current & Future Analysis for Low
        Voltage Switchgears by End Use Segment - Commercial,
        Utility, Institutional and Industrial Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-15

        Table 49: US Historic Review for Low Voltage Switchgears by
        End Use Segment - Commercial, Utility, Institutional and
        Industrial Markets Independently Analyzed with Annual
        Revenues in US$ Million for Years 2006 through 2012
        (includes corresponding Graph/Chart)                            III-16

        Table 50: US 15-Year Perspective for Low Voltage Switchgears
        by End Use Segment - Percentage Breakdown of Revenues for
        Commercial, Utility, Institutional and Industrial Markets
        for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-17

        Table 51: US Recent Past, Current & Future Analysis for
        Medium Voltage Switchgears by Product Segment - Outdoor
        Circuit Breaker, Indoor, Others Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-18

        Table 52: US Historic Review for Medium Voltage Switchgears
        by Product Segment - Outdoor Circuit Breaker, Indoor, Others
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-19

        Table 53: US 15-Year Perspective for Medium Voltage
        Switchgears by Product Segment - Percentage Breakdown of
        Revenues for Outdoor Circuit Breaker, Indoor, Others Markets
        for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-20

        Table 54: US Recent Past, Current & Future Analysis for
        Medium Voltage Switchgears by End Use Segment -
        Institutional & Commercial, Utility, Industrial and Others
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-21

        Table 55: US Historic Review for Medium Voltage Switchgears
        by End Use Segment - Institutional & Commercial, Utility,
        Industrial and Others Markets Independently Analyzed with
        Annual Revenues in US$ Million for Years 2006 through 2012
        (includes corresponding Graph/Chart)                            III-22

        Table 56: US 15-Year Perspective for Medium Voltage
        Switchgears by End Use Segment - Percentage Breakdown of
        Revenues for Institutional & Commercial, Utility, Industrial
        and Others Markets for Years 2006, 2014 & 2020 (includes
        corresponding Graph/Chart)                                      III-23

        Table 57: US Recent Past, Current & Future Analysis for
        Medium Voltage Switchgears by Technology - SF6 and Vacuum
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-24

        Table 58: US Historic Review for Medium Voltage Switchgears
        by Technology - SF6 and Vacuum Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-25

        Table 59: US 15-Year Perspective for Medium Voltage
        Switchgears by Technology - Percentage Breakdown of Revenues
        for SF6 and Vacuum Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-26

        Table 60: US Recent Past, Current & Future Analysis for High
        Voltage Switchgears by Product Segment - Disconnectors &
        Breakers Markets Independently Analyzed with Annual Revenues
        in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-27

        Table 61: US Historic Review for High Voltage Switchgears by
        Product Segment - Disconnectors & Breakers Markets
        Independently Analyzed with Annual Revenues in US$ Million
        for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-28

        Table 62: US 15-Year Perspective for High Voltage
        Switchgears by Product Segment - Percentage Breakdown of
        Revenues for Disconnectors & Breakers Markets for Years
        2006, 2014 & 2020 (includes corresponding Graph/Chart)          III-29

        Table 63: US Recent Past, Current & Future Analysis for High
        Voltage Switchgears by End Use Segment - Utility and
        Industrial Markets Independently Analyzed with Annual
        Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-30

        Table 64: US Historic Review for High Voltage Switchgears by
        End Use Segment - Utility and Industrial Markets
        Independently Analyzed with Annual Revenues in US$ Million
        for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-31

        Table 65: US 15-Year Perspective for High Voltage
        Switchgears by End Use Segment - Percentage Breakdown of
        Revenues for Utility and Industrial Markets for Years 2006,
        2014 & 2020 (includes corresponding Graph/Chart)                III-32

        Table 66: US Recent Past, Current & Future Analysis for High
        Voltage Switchgears by Technology - GIS/Mixed-Gas and
        Vacuum/Compact/AIS Markets Independently Analyzed with
        Annual Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-33

        Table 67: US Historic Review for High Voltage Switchgears by
        Technology - GIS/ Mixed-Gas and Vacuum/Compact/AIS Markets
        Independently Analyzed with Annual Revenues in US$ Million
        for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-34

        Table 68: US 15-Year Perspective for High Voltage
        Switchgears by Technology - Percentage Breakdown of Revenues
        for GIS/Mixed-Gas and Vacuum/ Compact/ AIS Markets for Years
        2006, 2014 & 2020 (includes corresponding Graph/Chart)          III-35

  2. CANADA                                                             III-36
      A.Market Analysis                                                 III-36
        Outlook                                                         III-36
        Market Overview                                                 III-36
        Key Statistical Findings                                        III-36
         Table 69: Canadian Switchgear Market (2013): Percentage
         Breakdown of Switchgear Exports by Country (includes
         corresponding Graph/Chart)                                     III-36

         Table 70: Canadian Switchgear Market (2013): Percentage
         Breakdown of Switchgear Imports by Country (includes
         corresponding Graph/Chart)                                     III-37
      B.Market Analytics                                                III-37
        Table 71: Canadian Recent Past, Current & Future Analysis
        for Switchgears by Product Segment - Low Voltage Switchgear,
        Medium Voltage Switchgear and High Voltage Switchgear
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-37

        Table 72: Canadian Historic Review for Switchgears by
        Product Segment - Low Voltage Switchgear, Medium Voltage
        Switchgear and High Voltage Switchgear Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-38

        Table 73: Canadian 15-Year Perspective for Switchgears by
        Product Segment - Percentage Breakdown of Revenues for Low
        Voltage Switchgear, Medium Voltage Switchgear and High
        Voltage Switchgear Markets for Years 2006, 2014 &
        2020(includes corresponding Graph/Chart)                        III-39

        Table 74: Canadian Recent Past, Current & Future Analysis
        for Low Voltage Switchgears by Product Segment - MCCB, Panel
        Boards and Others Markets Independently Analyzed with Annual
        Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-40

        Table 75: Canadian Historic Review for Low Voltage
        Switchgears by Product Segment - MCCB, Panel Boards and
        Others Markets Independently Analyzed with Annual Revenues
        in US$ Million for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-41

        Table 76: Canadian 15-Year Perspective for Low Voltage
        Switchgears by Product Segment - Percentage Breakdown of
        Revenues for MCCB, Panel Boards and Others Markets for Years
        2006, 2014 & 2020 (includes corresponding Graph/Chart)          III-42

        Table 77: Canadian Recent Past, Current & Future Analysis
        for Low Voltage Switchgears by End Use Segment - Commercial,
        Utility, Institutional and Industrial Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-43

        Table 78: Canadian Historic Review for Low Voltage
        Switchgears by End Use Segment - Commercial, Utility,
        Institutional and Industrial Markets Independently Analyzed
        with Annual Revenues in US$ Million for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-44

        Table 79: Canadian 15-Year Perspective for Low Voltage
        Switchgears by End Use Segment - Percentage Breakdown of
        Revenues for Commercial, Utility, Institutional and
        Industrial Markets for Years 2006, 2014 & 2020 (includes
        corresponding Graph/Chart)                                      III-45

        Table 80: Canadian Recent Past, Current & Future Analysis
        for Medium Voltage Switchgears by Product Segment - Outdoor
        Circuit Breaker, Indoor, Others Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-46

        Table 81: Canadian Historic Review for Medium Voltage
        Switchgears by Product Segment - Outdoor Circuit Breaker,
        Indoor, Others Markets Independently Analyzed with Annual
        Revenues in US$ Million for Years 2006 through 2012
        (includes corresponding Graph/Chart)                            III-47

        Table 82: Canadian 15-Year Perspective for Medium Voltage
        Switchgears by Product Segment - Percentage Breakdown of
        Revenues for Outdoor Circuit Breaker, Indoor, Others Markets
        for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-48

        Table 83: Canadian Recent Past, Current & Future Analysis
        for Medium Voltage Switchgears by End Use Segment -
        Institutional & Commercial, Utility, Industrial and Others
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-49

        Table 84: Canadian Historic Review for Medium Voltage
        Switchgears by End Use Segment - Institutional & Commercial,
        Utility, Industrial and Others Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-50

        Table 85: Canadian 15-Year Perspective for Medium Voltage
        Switchgears by End Use Segment - Percentage Breakdown of
        Revenues for Institutional & Commercial, Utility, Industrial
        and Others Markets for Years 2006, 2014 & 2020 (includes
        corresponding Graph/Chart)                                      III-51

        Table 86: Canadian Recent Past, Current & Future Analysis
        for Medium Voltage Switchgears by Technology - SF6 and
        Vacuum Markets Independently Analyzed with Annual Revenues
        in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-52

        Table 87: Canadian Historic Review for Medium Voltage
        Switchgears by Technology - SF6 and Vacuum Markets
        Independently Analyzed with Annual Revenues in US$ Million
        for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-53

        Table 88: Canadian 15-Year Perspective for Medium Voltage
        Switchgears by Technology - Percentage Breakdown of Revenues
        for SF6 and Vacuum Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-54

        Table 89: Canadian Recent Past, Current & Future Analysis
        for High Voltage Switchgears by Product Segment -
        Disconnectors & Breakers Markets Independently Analyzed with
        Annual Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-55

        Table 90: Canadian Historic Review for High Voltage
        Switchgears by Product Segment - Disconnectors & Breakers
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-56

        Table 91: Canadian 15-Year Perspective for High Voltage
        Switchgears by Product Segment - Percentage Breakdown of
        Revenues for Disconnectors & Breakers Markets for Years
        2006, 2014 & 2020 (includes corresponding Graph/Chart)          III-57

        Table 92: Canadian Recent Past, Current & Future Analysis
        for High Voltage Switchgears by End Use Segment - Utility
        and Industrial Markets Independently Analyzed with Annual
        Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-58

        Table 93: Canadian Historic Review for High Voltage
        Switchgears by End Use Segment - Utility and Industrial
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-59

        Table 94: Canadian 15-Year Perspective for High Voltage
        Switchgears by End Use Segment - Percentage Breakdown of
        Revenues for Utility and Industrial Markets for Years 2006,
        2014 & 2020 (includes corresponding Graph/Chart)                III-60

        Table 95: Canadian Recent Past, Current & Future Analysis
        for High Voltage Switchgears by Technology - GIS/Mixed-Gas
        and Vacuum/Compact/AIS Markets Independently Analyzed with
        Annual Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-61

        Table 96: Canadian Historic Review for High Voltage
        Switchgears by Technology - GIS/Mixed-Gas and
        Vacuum/Compact/AIS Markets Independently Analyzed with
        Annual Revenues in US$ Million for Years 2006 through 2012
        (includes corresponding Graph/Chart)                            III-62

        Table 97: Canadian 15-Year Perspective for High Voltage
        Switchgears by Technology - Percentage Breakdown of Revenues
        for GIS/Mixed-Gas and Vacuum/Compact/AIS Markets for Years
        2006, 2014 & 2020 (includes corresponding Graph/Chart)          III-63

  3. JAPAN                                                              III-64
      A.Market Analysis                                                 III-64
        Outlook                                                         III-64
        Mitsubishi Electric Corporation - A Select Japanese Player      III-64
      B.Market Analytics                                                III-65
        Table 98: Japanese Recent Past, Current & Future Analysis
        for Switchgears by Product Segment - Low Voltage Switchgear,
        Medium Voltage Switchgear and High Voltage Switchgear
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-65

        Table 99: Japanese Historic Review for Switchgears by
        Product Segment - Low Voltage Switchgear, Medium Voltage
        Switchgear and High Voltage Switchgear Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-66

        Table 100: Japanese 15-Year Perspective for Switchgears by
        Product Segment - Percentage Breakdown of Revenues for Low
        Voltage Switchgear, Medium Voltage Switchgear and High
        Voltage Switchgear Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-67

  4. EUROPE                                                             III-68
      A.Market Analysis                                                 III-68
        Outlook                                                         III-68
         High Demand for Low Voltage Switchgears Drives the European
          Switchgear Market                                             III-68
      B.Market Analytics                                                III-69
        Table 101: European Recent Past, Current & Future Analysis
        for Switchgears by Geographic Region - France, Germany,
        Italy, UK, Spain, Russia & Rest of Europe Markets
        Independently Analyzed with Annual Revenues in US$ Million
        for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-69

        Table 102: European Historic Review for Switchgears by
        Geographic Region - France, Germany, Italy, UK, Spain,
        Russia & Rest of Europe Markets Independently Analyzed with
        Annual Revenues in US$ Million for Years 2006 through 2012
        (includes corresponding Graph/Chart)                            III-70

        Table 103: European 15-Year Perspective for Switchgears by
        Geographic Region - Percentage Breakdown of Revenues for
        France, Germany, Italy, UK, Spain, Russia & Rest of Europe
        Markets for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-71

        Table 104: European Recent Past, Current & Future Analysis
        for Switchgears by Product Segment - Low Voltage Switchgear,
        Medium Voltage Switchgear and High Voltage Switchgear
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-72

        Table 105: European Historic Review for Switchgears by
        Product Segment - Low Voltage Switchgear, Medium Voltage
        Switchgear and High Voltage Switchgear Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-73

        Table 106: European 15-Year Perspective for Switchgears by
        Product Segment - Percentage Breakdown of Revenues for Low
        Voltage Switchgear, Medium Voltage Switchgear and High
        Voltage Switchgear Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-74

  4a. FRANCE                                                            III-75
      A.Market Analysis                                                 III-75
        Outlook                                                         III-75
        Product Launch                                                  III-75
        Select Players                                                  III-75
      B.Market Analytics                                                III-76
        Table 107: French Recent Past, Current & Future Analysis for
        Switchgears by Product Segment - Low Voltage Switchgear,
        Medium Voltage Switchgear and High Voltage Switchgear
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-76

        Table 108: French Historic Review for Switchgears by Product
        Segment - Low Voltage Switchgear, Medium Voltage Switchgear
        and High Voltage Switchgear Markets Independently Analyzed
        with Annual Revenues in US$ Million for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-77

        Table 109: French 15-Year Perspective for Switchgears by
        Product Segment - Percentage Breakdown of Revenues for Low
        Voltage Switchgear, Medium Voltage Switchgear and High
        Voltage Switchgear Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-78

  4b. GERMANY                                                           III-79
      A.Market Analysis                                                 III-79
        Outlook                                                         III-79
        Overview                                                        III-79
        Product Launches                                                III-79
        Siemens AG - A Key German Player                                III-80
      B.Market Analytics                                                III-81
        Table 110: German Recent Past, Current & Future Analysis for
        Switchgears by Product Segment - Low Voltage Switchgear,
        Medium Voltage Switchgear and High Voltage Switchgear
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-81

        Table 111: German Historic Review for Switchgears by Product
        Segment - Low Voltage Switchgear, Medium Voltage Switchgear
        and High Voltage Switchgear Markets Independently Analyzed
        with Annual Revenues in US$ Million for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-82

        Table 112: German 15-Year Perspective for Switchgears by
        Product Segment - Percentage Breakdown of Revenues for Low
        Voltage Switchgear, Medium Voltage Switchgear and High
        Voltage Switchgear Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-83

  4c. ITALY                                                             III-84
      A.Market Analysis                                                 III-84
        Outlook                                                         III-84
      B.Market Analytics                                                III-84
        Table 113: Italian Recent Past, Current & Future Analysis
        for Switchgears by Product Segment - Low Voltage Switchgear,
        Medium Voltage Switchgear and High Voltage Switchgear
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-84

        Table 114: Italian Historic Review for Switchgears by
        Product Segment - Low Voltage Switchgear, Medium Voltage
        Switchgear and High Voltage Switchgear Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-85

        Table 115: Italian 15-Year Perspective for Switchgears by
        Product Segment - Percentage Breakdown of Revenues for Low
        Voltage Switchgear, Medium Voltage Switchgear and High
        Voltage Switchgear Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-86

  4d. UNITED KINGDOM                                                    III-87
      A.Market Analysis                                                 III-87
        Outlook                                                         III-87
        Product Launch                                                  III-87
      B.Market Analytics                                                III-88
        Table 116: UK Recent Past, Current & Future Analysis for
        Switchgears by Product Segment - Low Voltage Switchgear,
        Medium Voltage Switchgear and High Voltage Switchgear
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-88

        Table 117: UK Historic Review for Switchgears by Product
        Segment - Low Voltage Switchgear, Medium Voltage Switchgear
        and High Voltage Switchgear Markets Independently Analyzed
        with Annual Revenues in US$ Million for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-89

        Table 118: UK 15-Year Perspective for Switchgears by Product
        Segment - Percentage Breakdown of Revenues for Low Voltage
        Switchgear, Medium Voltage Switchgear and High Voltage
        Switchgear Markets for Years 2006, 2014 & 2020 (includes
        corresponding Graph/Chart)                                      III-90

  4e. SPAIN                                                             III-91
      A.Market Analysis                                                 III-91
        Outlook                                                         III-91
      B.Market Analytics                                                III-91
        Table 119: Spanish Recent Past, Current & Future Analysis
        for Switchgears by Product Segment - Low Voltage Switchgear,
        Medium Voltage Switchgear and High Voltage Switchgear
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-91

        Table 120: Spanish Historic Review for Switchgears by
        Product Segment - Low Voltage Switchgear, Medium Voltage
        Switchgear and High Voltage Switchgear Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-92

        Table 121: Spanish 15-Year Perspective for Switchgears by
        Product Segment - Percentage Breakdown of Revenues for Low
        Voltage Switchgear, Medium Voltage Switchgear and High
        Voltage Switchgear Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-93

  4f. RUSSIA                                                            III-94
      A.Market Analysis                                                 III-94
        Outlook                                                         III-94
        Strategic Corporate Development                                 III-94
        Power Machines OJSC - A Prominent Russian Company               III-94
      B.Market Analytics                                                III-95
        Table 122: Russian Recent Past, Current & Future Analysis
        for Switchgears by Product Segment - Low Voltage Switchgear,
        Medium Voltage Switchgear and High Voltage Switchgear
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-95

        Table 123: Russian Historic Review for Switchgears by
        Product Segment - Low Voltage Switchgear, Medium Voltage
        Switchgear and High Voltage Switchgear Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-96

        Table 124: Russian 15-Year Perspective for Switchgears by
        Product Segment - Percentage Breakdown of Revenues for Low
        Voltage Switchgear, Medium Voltage Switchgear and High
        Voltage Switchgear Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-97

  4g. REST OF EUROPE                                                    III-98
      A.Market Analysis                                                 III-98
        Outlook                                                         III-98
        Product Launches                                                III-98
        Strategic Corporate Developments                                III-100
        Abb ltd. - A Select Swiss Player                                III-100
      B.Market Analytics                                                III-101
        Table 125: Rest of Europe Recent Past, Current & Future
        Analysis for Switchgears by Product Segment - Low Voltage
        Switchgear, Medium Voltage Switchgear and High Voltage
        Switchgear Markets Independently Analyzed with Annual
        Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-101

        Table 126: Rest of Europe Historic Review for Switchgears by
        Product Segment - Low Voltage Switchgear, Medium Voltage
        Switchgear and High Voltage Switchgear Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-102

        Table 127: Rest of Europe 15-Year Perspective for
        Switchgears by Product Segment - Percentage Breakdown of
        Revenues for Low Voltage Switchgear, Medium Voltage
        Switchgear and High Voltage Switchgear Markets for Years
        2006, 2014 & 2020 (includes corresponding Graph/Chart)          III-103

  5. ASIA-PACIFIC                                                       III-104
      A.Market Analysis                                                 III-104
        Outlook                                                         III-104
        Overview                                                        III-104
         High-Voltage and Medium-Voltage Switchgears Gathers Steam
          Amid Tough Economic Scenario                                  III-104
      B.Market Analytics                                                III-106
        Table 128: Asia-Pacific Recent Past, Current & Future
        Analysis for Switchgears by Geographic Region - China, India &
        Rest of Asia-Pacific Markets Independently Analyzed with
        Annual Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-106

        Table 129: Asia-Pacific Historic Review for Switchgears by
        Geographic Region - China, India & Rest of Asia-Pacific
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-107

        Table 130: Asia-Pacific 15-Year Perspective for Switchgears
        by Geographic Region - Percentage Breakdown of Revenues for
        China, India & Rest of Asia-Pacific Markets for Years 2006,
        2014 & 2020 (includes corresponding Graph/Chart)                III-108

        Table 131: Asia-Pacific Recent Past, Current & Future
        Analysis for Switchgears by Product Segment - Low Voltage
        Switchgear, Medium Voltage Switchgear and High Voltage
        Switchgear Markets Independently Analyzed with Annual
        Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-109

        Table 132: Asia-Pacific Historic Review for Switchgears by
        Product Segment - Low Voltage Switchgear, Medium Voltage
        Switchgear and High Voltage Switchgear Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-110

        Table 133: Asia-Pacific 15-Year Perspective for Switchgears
        by Product Segment - Percentage Breakdown of Revenues for
        Low Voltage Switchgear, Medium Voltage Switchgear and High
        Voltage Switchgear Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-111

  5a. CHINA                                                             III-112
      A.Market Analysis                                                 III-112
        Outlook                                                         III-112
        Overview                                                        III-112
        Strong Government Support Augurs Well for the Market            III-112
        The Northwest and Southeast Regions of China Continue to
         Bolster the Demand for Electric T&D Equipment                  III-113
        High Voltage Switchgear Industry: An Overview                   III-113
         Circuit Breaker                                                III-113
         Gas-Insulated Switchgear (GIS)                                 III-113
        China Xian Electric Group - A Key Chinese Player                III-113
      B.Market Analytics                                                III-114
        Table 134: Chinese Recent Past, Current & Future Analysis
        for Switchgears by Product Segment - Low Voltage Switchgear,
        Medium Voltage Switchgear and High Voltage Switchgear
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-114

        Table 135: Chinese Historic Review for Switchgears by
        Product Segment - Low Voltage Switchgear, Medium Voltage
        Switchgear and High Voltage Switchgear Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-115

        Table 136: Chinese 15-Year Perspective for Switchgears by
        Product Segment - Percentage Breakdown of Revenues for Low
        Voltage Switchgear, Medium Voltage Switchgear and High
        Voltage Switchgear Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-116

        Table 137: Chinese Recent Past, Current & Future Analysis
        for Low Voltage Switchgears by End Use Segment - Industrial,
        Utility and Others Markets Independently Analyzed with
        Annual Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-117

        Table 138: Chinese Historic Review for Low Voltage
        Switchgears by End Use Segment - Industrial, Utility and
        Others Markets Independently Analyzed with Annual Revenues
        in US$ Million for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-118

        Table 139: Chinese 15-Year Perspective for Low Voltage
        Switchgears by End Use Segment - Percentage Breakdown of
        Revenues for Industrial, Utility and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-119

        Table 140: Chinese Recent Past, Current & Future Analysis
        for Medium Voltage Switchgears by End Use Segment -
        Industrial, Utility and Others Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-120

        Table 141: Chinese Historic Review for Medium Voltage
        Switchgears by End Use Segment - Industrial, Utility and
        Others Markets Independently Analyzed with Annual Revenues
        in US$ Million for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-121

        Table 142: Chinese 15-Year Perspective for Medium Voltage
        Switchgears by End Use Segment - Percentage Breakdown of
        Revenues for Industrial, Utility and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-122

        Table 143: Chinese Recent Past, Current & Future Analysis
        for High Voltage Switchgears by End Use Segment - Industrial
        and Utility Markets Independently Analyzed with Annual
        Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-123

        Table 144: Chinese Historic Review for High Voltage
        Switchgears by End Use Segment - Industrial and Utility
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-124

        Table 145: Chinese 15-Year Perspective for High Voltage
        Switchgears by End Use Segment - Percentage Breakdown of
        Revenues for Industrial and Utility Markets for Years 2006,
        2014 & 2020 (includes corresponding Graph/Chart)                III-125

  5b. INDIA                                                             III-126
      A.Market Analysis                                                 III-126
        Outlook                                                         III-126
        Lack of Confidence Pulls Back Growth Prospects Temporarily
         in 2011                                                        III-126
        Government Efforts Keep Growth On Track                         III-126
        Opportunities                                                   III-127
        Huge Domestic Demand for Indian Medium and Low Voltage
         Switchgear Markets                                             III-127
        Challenges                                                      III-128
        Switchgear Manufacturers to Focus on Technology Enhancements    III-128
        Statistical Findings                                            III-129
         Table 146: Indian Switch Disconnector Fuses (SDF) Market
         (2014E): Percentage Share Breakdown of Dollar Sales by
         Distribution Channel (includes corresponding Graph/Chart)      III-129

         Table 147: Indian Medium Voltage Switchgear Market (2014E):
         Percentage Share Breakdown of Value Sales by Distribution
         Channel (includes corresponding Graph/Chart)                   III-129
        Product Launches                                                III-130
        Strategic Corporate Developments                                III-130
        Select Players                                                  III-131
      B.Market Analytics                                                III-132
        Table 148: Indian Recent Past, Current & Future Analysis for
        Switchgears by Product Segment - Low Voltage Switchgear,
        Medium Voltage Switchgear and High Voltage Switchgear
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-132

        Table 149: Indian Historic Review for Switchgears by Product
        Segment - Low Voltage Switchgear, Medium Voltage Switchgear
        and High Voltage Switchgear Markets Independently Analyzed
        with Annual Revenues in US$ Million for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-133

        Table 150: Indian 15-Year Perspective for Switchgears by
        Product Segment - Percentage Breakdown of Revenues for Low
        Voltage Switchgear, Medium Voltage Switchgear and High
        Voltage Switchgear Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-134

        Table 151: Indian Recent Past, Current & Future Analysis for
        Low Voltage Switchgears by Product Segment - Miniature
        Circuit Breakers, Contactors & Relays, Molded Case Circuit
        Breakers, Air Circuit Breakers and Others Markets
        Independently Analyzed with Annual Revenues in US$ Million
        for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-135

        Table 152: Indian Historic Review for Low Voltage
        Switchgears by Product Segment - Miniature Circuit Breakers,
        Contactors & Relays, Molded Case Circuit Breakers, Air
        Circuit Breakers and Others Markets Independently Analyzed
        with Annual Revenues in US$ Million for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-136

        Table 153: Indian 15-Year Perspective for Low Voltage
        Switchgears by Product Segment - Percentage Breakdown of
        Revenues for Miniature Circuit Breakers, Contactors &
        Relays, Molded Case Circuit Breakers, Air Circuit Breakers
        and Others Markets for Years 2006, 2014 & 2020 (includes
        corresponding Graph/Chart)                                      III-137

        Table 154: Indian Recent Past, Current & Future Analysis for
        Medium Voltage Switchgears by Product Segment - Ring Main
        Units, Outdoor Switchgear, Indoor Switchgear Markets
        Independently Analyzed with Annual Revenues in US$ Million
        for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-138

        Table 155: Indian Historic Review for Medium Voltage
        Switchgears by Product Segment - Ring Main Units, Outdoor
        Switchgear, Indoor Switchgear Markets Independently Analyzed
        with Annual Revenues in US$ Million for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-139

        Table 156: Indian 15-Year Perspective for Medium Voltage
        Switchgears by Product Segment - Percentage Breakdown of
        Revenues for Ring Main Units, Outdoor Switchgear, Indoor
        Switchgear Markets for Years 2006, 2014 & 2020 (includes
        corresponding Graph/Chart)                                      III-140

  5c. REST OF ASIA-PACIFIC                                              III-141
      A.Market Analysis                                                 III-141
        Outlook                                                         III-141
        Overview                                                        III-141
        T&D Equipment Market in ANZ (Australia and New Zealand): A
         Review                                                         III-141
         Key Challenges                                                 III-142
         Governing Bodies & Industry Standards                          III-142
        Product Launches                                                III-143
        Strategic Corporate Developments                                III-143
        Hyosung - A Key South Korean Player                             III-143
      B.Market Analytics                                                III-144
        Table 157: Rest of Asia-Pacific Recent Past, Current &
        Future Analysis for Switchgears by Product Segment - Low
        Voltage Switchgear, Medium Voltage Switchgear and High
        Voltage Switchgear Markets Independently Analyzed with
        Annual Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-144

        Table 158: Rest of Asia-Pacific Historic Review for
        Switchgears by Product Segment - Low Voltage Switchgear,
        Medium Voltage Switchgear and High Voltage Switchgear
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-145

        Table 159: Rest of Asia-Pacific 15-Year Perspective for
        Switchgears by Product Segment - Percentage Breakdown of
        Revenues for Low Voltage Switchgear, Medium Voltage
        Switchgear and High Voltage Switchgear Markets for Years
        2006, 2014 & 2020 (includes corresponding Graph/Chart)          III-146

        Table 160: Rest of Asia-Pacific Recent Past, Current &
        Future Analysis for Low Voltage Switchgears by Geographic
        Region - South Korea, Taiwan, Malaysia, Thailand, Vietnam,
        Others Markets Independently Analyzed with Annual Revenues
        in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-147

        Table 161: Rest of Asia-Pacific Historic Review for Low
        Voltage Switchgears by Geographic Region - South Korea,
        Taiwan, Malaysia, Thailand, Vietnam, Others Markets
        Independently Analyzed with Annual Revenues in US$ Million
        for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-148

        Table 162: Rest of Asia-Pacific 15-Year Perspective for Low
        Voltage Switchgears by Geographic Region - Percentage
        Breakdown of Revenues for South Korea, Taiwan, Malaysia,
        Thailand, Vietnam, Others Markets for Years 2006, 2014 &
        2020 (includes corresponding Graph/Chart)                       III-149

        Table 163: Rest of Asia-Pacific Recent Past, Current &
        Future Analysis for Medium Voltage Switchgears by Geographic
        Region - South Korea, Taiwan, Malaysia, Thailand, Vietnam,
        Others Markets Independently Analyzed with Annual Revenues
        in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-150

        Table 164: Rest of Asia-Pacific Historic Review for Medium
        Voltage Switchgears by Geographic Region - South Korea,
        Taiwan, Malaysia, Thailand, Vietnam, Others Markets
        Independently Analyzed with Annual Revenues in US$ Million
        for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-151

        Table 165: Rest of Asia-Pacific 15-Year Perspective for
        Medium Voltage Switchgears by Geographic Region - Percentage
        Breakdown of Revenues for South Korea, Taiwan, Malaysia,
        Thailand, Vietnam, Others Markets for Years 2006, 2014 &
        2020 (includes corresponding Graph/Chart)                       III-152

        Table 166: Rest of Asia-Pacific Recent Past, Current &
        Future Analysis for High Voltage Switchgears by Geographic
        Region - South Korea, Taiwan, Malaysia, Thailand, Vietnam,
        Others Markets Independently Analyzed with Annual Revenues
        in US$ Million for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-153

        Table 167: Rest of Asia-Pacific Historic Review for High
        Voltage Switchgears by Geographic Region - South Korea,
        Taiwan, Malaysia, Thailand, Vietnam, Others Markets
        Independently Analyzed with Annual Revenues in US$ Million
        for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-154

        Table 168: Rest of Asia-Pacific 15-Year Perspective for High
        Voltage Switchgears by Geographic Region - Percentage
        Breakdown of Revenues for South Korea, Taiwan, Malaysia,
        Thailand, Vietnam, Others Markets for Years 2006, 2014 &
        2020 (includes corresponding Graph/Chart)                       III-155

  6. LATIN AMERICA                                                      III-156
      A.Market Analysis                                                 III-156
        Outlook                                                         III-156
      B.Market Analytics                                                III-156
        Table 169: Latin American Recent Past, Current & Future
        Analysis for Switchgears by Geographic Region - Brazil &
        Rest of Latin America Markets Independently Analyzed with
        Annual Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-156

        Table 170: Latin American Historic Review for Switchgears by
        Geographic Region - Brazil & Rest of Latin America Markets
        Independently Analyzed with Annual Revenues in US$ Million
        for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-157

        Table 171: Latin American 15-Year Perspective for
        Switchgears by Geographic Region - Percentage Breakdown of
        Revenues for Brazil & Rest of Latin America Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-158

        Table 172: Latin American Recent Past, Current & Future
        Analysis for Switchgears by Product Segment - Low Voltage
        Switchgear, Medium Voltage Switchgear and High Voltage
        Switchgear Markets Independently Analyzed with Annual
        Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-159

        Table 173: Latin American Historic Review for Switchgears by
        Product Segment - Low Voltage Switchgear, Medium Voltage
        Switchgear and High Voltage Switchgear Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-160

        Table 174: Latin American 15-Year Perspective for
        Switchgears by Product Segment - Percentage Breakdown of
        Revenues for Low Voltage Switchgear, Medium Voltage
        Switchgear and High Voltage Switchgear Markets for Years
        2006, 2014 & 2020 (includes corresponding Graph/Chart)          III-161

  6a. BRAZIL                                                            III-162
      A.Market Analysis                                                 III-162
        Outlook                                                         III-162
        Projected Rise in Power Infrastructure Investments to Fuel
         Demand for Switchgear                                          III-162
        Strategic Corporate Development                                 III-162
      B.Market Analytics                                                III-163
        Table 175: Brazil Recent Past, Current & Future Analysis for
        Switchgears by Product Segment - Low Voltage Switchgear,
        Medium Voltage Switchgear and High Voltage Switchgear
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-163

        Table 176: Brazil Historic Review for Switchgears by Product
        Segment - Low Voltage Switchgear, Medium Voltage Switchgear
        and High Voltage Switchgear Markets Independently Analyzed
        with Annual Revenues in US$ Million for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-164

        Table 177: Brazil 15-Year Perspective for Switchgears by
        Product Segment - Percentage Breakdown of Revenues for Low
        Voltage Switchgear, Medium Voltage Switchgear and High
        Voltage Switchgear Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-165

  6b. REST OF LATIN AMERICA                                             III-166
      A.Market Analysis                                                 III-166
        Outlook                                                         III-166
      B.Market Analytics                                                III-166
        Table 178: Rest of Latin America Recent Past, Current &
        Future Analysis for Switchgears by Product Segment - Low
        Voltage Switchgear, Medium Voltage Switchgear and High
        Voltage Switchgear Markets Independently Analyzed with
        Annual Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-166

        Table 179: Rest of Latin America Historic Review for
        Switchgears by Product Segment - Low Voltage Switchgear,
        Medium Voltage Switchgear and High Voltage Switchgear
        Markets Independently Analyzed with Annual Revenues in US$
        Million for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-167

        Table 180: Rest of Latin America 15-Year Perspective for
        Switchgears by Product Segment - Percentage Breakdown of
        Revenues for Low Voltage Switchgear, Medium Voltage
        Switchgear and High Voltage Switchgear Markets for Years
        2006, 2014 & 2020 (includes corresponding Graph/Chart)          III-168

  7. REST OF WORLD                                                      III-169
      A.Market Analysis                                                 III-169
        Outlook                                                         III-169
        Middle East - An Overview                                       III-169
        South African Market - A Snapshot                               III-169
        Product Launch                                                  III-169
      B.Market Analytics                                                III-170
        Table 181: Rest of World Recent Past, Current & Future
        Analysis for Switchgears by Product Segment - Low Voltage
        Switchgear, Medium Voltage Switchgear and High Voltage
        Switchgear Markets Independently Analyzed with Annual
        Revenues in US$ Million for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-170

        Table 182: Rest of World Historic Review for Switchgears by
        Product Segment - Low Voltage Switchgear, Medium Voltage
        Switchgear and High Voltage Switchgear Markets Independently
        Analyzed with Annual Revenues in US$ Million for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-171

        Table 183: Rest of World 15-Year Perspective for Switchgears
        by Product Segment - Percentage Breakdown of Revenues for
        Low Voltage Switchgear, Medium Voltage Switchgear and High
        Voltage Switchgear Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-172


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 185 (including Divisions/Subsidiaries - 217)

     The United States (18)
     Canada (1)
     Japan (2)
     Europe (126)
     - France (5)
     - Germany (58)
     - The United Kingdom (23)
     - Italy (1)
     - Spain (2)
     - Rest of Europe (37)
     Asia-Pacific (Excluding Japan) (56)
     Middle East (11)
     Africa (3)
Additional Information:
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Date of Publication:
Feb 5, 2015
Number of Pages:
444 Pages
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