NORTH AMERICA DISTRIBUTION TRANSFORMER MARKET FORECAST 2017-2025
KEY FINDINGS
The North American distribution transformers market was valued at $3153 million in 2016. It is expected to grow at a CAGR of 5.83% during the forecast period of 2017-2025 and reach $5195 million by the end of 2025. The fact that renewable energy is expected to gain a traction in the region coupled with the continuous digital transformation of utilities is presenting the market with plenty of growth opportunities.
MARKET INSIGHTS
The primary drivers for the market growth include smart grid electrifying market, advances in transformer industry, growing focus on green energy and modernization of aging power infrastructure. Although the prospects look promising, the market may have to face certain challenges concerning standardization of equipment and stress causing failures that might restrain the market growth. At present, the market is being segmented on the basis of phase (single or three phase), on the basis of insulation (dry or oil-filled) and on the basis of the mount (pole, pad, underground vault, etc.).
COMPETITIVE INSIGHTS
Some of the prominent players in the market include Celme S.R.L, ABB Ltd, Diamond Power Infrastructure Ltd, Eremu, Emerson Electric Co, General Electric, Schneider Electric, Hammond Power Solutions, Inc, Siemens Ag and Wilson Power Solutions
The North American distribution transformers market was valued at $3153 million in 2016. It is expected to grow at a CAGR of 5.83% during the forecast period of 2017-2025 and reach $5195 million by the end of 2025. The fact that renewable energy is expected to gain a traction in the region coupled with the continuous digital transformation of utilities is presenting the market with plenty of growth opportunities.
MARKET INSIGHTS
The primary drivers for the market growth include smart grid electrifying market, advances in transformer industry, growing focus on green energy and modernization of aging power infrastructure. Although the prospects look promising, the market may have to face certain challenges concerning standardization of equipment and stress causing failures that might restrain the market growth. At present, the market is being segmented on the basis of phase (single or three phase), on the basis of insulation (dry or oil-filled) and on the basis of the mount (pole, pad, underground vault, etc.).
COMPETITIVE INSIGHTS
Some of the prominent players in the market include Celme S.R.L, ABB Ltd, Diamond Power Infrastructure Ltd, Eremu, Emerson Electric Co, General Electric, Schneider Electric, Hammond Power Solutions, Inc, Siemens Ag and Wilson Power Solutions
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
3. 2.1. TOP DOWN APPROACH
3.1. BOTTOM-UP APPROACH
3.2. DATA TRIANGULATION
4. EXECUTIVE SUMMARY
4.1. KEY FINDINGS
4.1.1. DRY TYPE INSULATION MARKET IS GROWING SIGNIFICANTLY
4.1.2. PAD MOUNTED MARKET HOLDS THE LARGEST MARKET SHARE
4.1.3. THREE PHASE SEGMENT IS THE MARKET LEADER
5. MARKET OVERVIEW
5.1. MARKET DEFINITION
5.2. MARKET DETERMINANTS
5.2.1. DRIVERS
5.2.1.1. SMART GRID ELECTRIFYING THE MARKET
5.2.1.2. FOCUS ON GREEN ENERGY
5.2.1.3. ADVANCES IN TRANSFORMER INDUSTRY
5.2.1.4. REBUILDING AND MODERNIZATION OF AGING POWER INFRASTRUCTURE
5.2.2. RESTRAINTS
5.2.2.1. STANDARDIZATION OF EQUIPMENT
5.2.2.2. STRESS CAUSING FAILURES
5.2.3. OPPORTUNITIES
5.2.3.1. DIGITAL TRANSFORMATION OF UTILITIES
5.2.3.2. RENEWABLE ENERGY GAINING TRACTION
5.2.4. CHALLENGES
5.2.4.1. OPERATIONAL INEFFICIENCIES LEADING TO DELAYS AND SUSPENSIONS
6. MARKET SEGMENTATION
6.1. BY INSULATION TYPE
6.1.1. DRY TYPE
6.1.2. OIL-FILLED
6.2. BY MOUNTING
6.2.1. PAD- MOUNTED
6.2.2. POLE-MOUNTED
6.2.3. UNDERGROUND VAULT
6.3. BY PHASE
6.3.1. SINGLE-PHASE
6.3.2. THREE-PHASE
7. KEY ANALYTICS
7.1. PORTER’S FIVE FORCE MODEL
7.1.1. THREAT OF NEW ENTRANTS
7.1.2. BARGAINING POWER OF BUYERS
7.1.3. BARGAINING POWER OF SUPPLIERS
7.1.4. THREAT OF SUBSTITUTE PRODUCTS
7.1.5. COMPETITIVE RIVALRY BETWEEN EXISTING PLAYERS
7.2. KEY BUYING CRITERIA
7.2.1. APPLICATION
7.2.2. EFFICIENCY
7.2.3. RELIABILITY
7.2.4. SUPERIOR TECHNOLOGY
7.3. STRATEGIC RECOMMENDATION & STRATEGIC CONCLUSIONS
8. GEOGRAPHIC ANALYSIS
8.1. NORTH AMERICA
8.1.1. US
8.1.2. CANADA
9. COMPETITIVE LANDSCAPE
9.1. MARKET SHARE ANALYSIS
9.2. STRATEGIC INITIATIVES
10. COMPANY PROFILES
10.1. ABB LTD
10.1.1. OVERVIEW
10.1.2. PRODUCT PORTFOLIO
10.1.3. SCOT ANALYSIS
10.1.4. STRATEGIC ANALYSIS
10.2. CROMPTON GREAVES LTD.
10.2.1. OVERVIEW
10.2.2. PRODUCT PORTFOLIO
10.2.3. SCOT ANALYSIS
10.2.4. STRATEGIC ANALYSIS
10.3. EATON CORPORATION PLC.
10.3.1. OVERVIEW
10.3.2. PRODUCT PORTFOLIO
10.3.3. STRATEGIC INITIATIVES
10.3.4. SCOT ANALYSIS
10.3.5. STRATEGIC ANALYSIS
10.4. GENERAL ELECTRIC
10.4.1. OVERVIEW
10.4.2. PRODUCT PORTFOLIO
10.4.3. STRATEGIC INITIATIVES
10.4.4. SCOT ANALYSIS
10.4.5. STRATEGIC ANALYSIS
10.5. SIEMENS AG
10.5.1. OVERVIEW
10.5.2. PRODUCT PORTFOLIO
10.5.3. SCOT ANALYSIS
10.5.4. STRATEGIC ANALYSIS
10.6. SCHNEIDER ELECTRIC
10.6.1. OVERVIEW
10.6.2. PRODUCT PORTFOLIO
10.6.3. STRATEGIC INITIATIVES
10.6.4. SCOT ANALYSIS
10.6.5. STRATEGIC ANALYSIS
10.7. STARKSTROM-GERÄTEBAU GMBH
10.7.1. OVERVIEW
10.7.2. PRODUCT PORTFOLIO
10.7.3. SCOT ANALYSIS
10.7.4. STRATEGIC ANALYSIS
10.8. WILSON POWER SOLUTIONS
10.8.1. OVERVIEW
10.8.2. PRODUCT PORTFOLIO
10.8.3. SCOT ANALYSIS
10.8.4. STRATEGIC ANALYSIS
10.9. LEMI TRAFO JSC
10.9.1. OVERVIEW
10.9.2. PRODUCT PORTFOLIO
10.9.3. SCOT ANALYSIS
10.10. HYOSUNG CORPORATION
10.10.1. OVERVIEW
10.10.2. PRODUCT PORTFOLIO
10.10.3. SCOT ANALYSIS
10.10.4. STRATEGIC ANALYSIS
10.11. BRUSH ELECTRICAL MACHINES LTD
10.11.1. OVERVIEW
10.11.2. PRODUCT PORTFOLIO
10.11.3. STRATEGIC INITIATIVES
10.11.4. SCOT ANALYSIS
10.11.5. STRATEGIC ANALYSIS
10.12. HAMMOND POWER SOLUTIONS, INC
10.12.1. OVERVIEW
10.12.2. PRODUCT PORTFOLIO
10.12.3. STRATEGIC INITIATIVES
10.12.4. SCOT ANALYSIS
10.12.5. STRATEGIC ANALYSIS
10.13. EMERSON ELECTRIC CO
10.13.1. OVERVIEW
10.13.2. PRODUCT PORTFOLIO
10.13.3. SCOT ANALYSIS
10.13.4. STRATEGIC ANALYSIS
TABLE LIST
TABLE 1 NORTH AMERICA DISTRIBUTION TRANSFORMER MARKET 2017 -2025 ($ MILLION)
TABLE 2 CAUSES OF FAILURES IN DISTRIBUTION TRANSFORMER
TABLE 3 NORTH AMERICA DISTRIBUTION TRANSFORMER BY INSULATION TYPE 2017-2025 ($ MILLION)
TABLE 4 NORTH AMERICA DRY TYPE DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
TABLE 5 NORTH AMERICA OIL FILLED DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
TABLE 6 NORTH AMERICA DISTRIBUTION TRANSFORMER MARKET BY MOUNTING 2017-2025($MILLION)
TABLE 7 NORTH AMERICA PAD – MOUNTED DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
TABLE 8 NORTH AMERICA POLE MOUNTED DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
TABLE 9 NORTH AMERICA UNDERGROUND VAULT DISTRIBUTION TRANSFORMER MARKET 2017-2025($MILLION)
TABLE 10 NORTH AMERICA DISTRIBUTION TRANSFORMER MARKET BY PHASE 2017-2025 ($ MILLION)
TABLE 11 NORTH AMERICA SINGLE PHASE POWER DISTRIBUTION TRANSFORMER MARKET BY REGION 2017-2025($ MILLION)
TABLE 12 NORTH AMERICA THREE PHASE POWER DISTRIBUTION TRANSFORMER MARKET BY REGION 2017-2025($ MILLION)
TABLE 13 THREAT OF NEW ENTRANTS ANALYSIS IN DISTRIBUTION TRANSFORMERS MARKET
TABLE 14 BARGAINING POWER OF BUYER ANALYSIS IN DISTRIBUTION TRANSFORMERS MARKET
TABLE 15 BARGAINING POWER OF SUPPLIERS ANALYSIS IN DISTRIBUTION TRANSFORMERS MARKET
TABLE 16 THREAT OF SUBSTITUTE PRODUCTS ANALYSIS IN DISTRIBUTION MARKET
TABLE 17 COMPETITIVE RIVALRY BETWEEN EXISTING PLAYERS ANALYSIS IN DISTRIBUTION TRANSFORMERS MARKET
TABLE 18 NORTH AMERICA DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
1.1. STUDY GOALS
1.2. SCOPE OF MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
3. 2.1. TOP DOWN APPROACH
3.1. BOTTOM-UP APPROACH
3.2. DATA TRIANGULATION
4. EXECUTIVE SUMMARY
4.1. KEY FINDINGS
4.1.1. DRY TYPE INSULATION MARKET IS GROWING SIGNIFICANTLY
4.1.2. PAD MOUNTED MARKET HOLDS THE LARGEST MARKET SHARE
4.1.3. THREE PHASE SEGMENT IS THE MARKET LEADER
5. MARKET OVERVIEW
5.1. MARKET DEFINITION
5.2. MARKET DETERMINANTS
5.2.1. DRIVERS
5.2.1.1. SMART GRID ELECTRIFYING THE MARKET
5.2.1.2. FOCUS ON GREEN ENERGY
5.2.1.3. ADVANCES IN TRANSFORMER INDUSTRY
5.2.1.4. REBUILDING AND MODERNIZATION OF AGING POWER INFRASTRUCTURE
5.2.2. RESTRAINTS
5.2.2.1. STANDARDIZATION OF EQUIPMENT
5.2.2.2. STRESS CAUSING FAILURES
5.2.3. OPPORTUNITIES
5.2.3.1. DIGITAL TRANSFORMATION OF UTILITIES
5.2.3.2. RENEWABLE ENERGY GAINING TRACTION
5.2.4. CHALLENGES
5.2.4.1. OPERATIONAL INEFFICIENCIES LEADING TO DELAYS AND SUSPENSIONS
6. MARKET SEGMENTATION
6.1. BY INSULATION TYPE
6.1.1. DRY TYPE
6.1.2. OIL-FILLED
6.2. BY MOUNTING
6.2.1. PAD- MOUNTED
6.2.2. POLE-MOUNTED
6.2.3. UNDERGROUND VAULT
6.3. BY PHASE
6.3.1. SINGLE-PHASE
6.3.2. THREE-PHASE
7. KEY ANALYTICS
7.1. PORTER’S FIVE FORCE MODEL
7.1.1. THREAT OF NEW ENTRANTS
7.1.2. BARGAINING POWER OF BUYERS
7.1.3. BARGAINING POWER OF SUPPLIERS
7.1.4. THREAT OF SUBSTITUTE PRODUCTS
7.1.5. COMPETITIVE RIVALRY BETWEEN EXISTING PLAYERS
7.2. KEY BUYING CRITERIA
7.2.1. APPLICATION
7.2.2. EFFICIENCY
7.2.3. RELIABILITY
7.2.4. SUPERIOR TECHNOLOGY
7.3. STRATEGIC RECOMMENDATION & STRATEGIC CONCLUSIONS
8. GEOGRAPHIC ANALYSIS
8.1. NORTH AMERICA
8.1.1. US
8.1.2. CANADA
9. COMPETITIVE LANDSCAPE
9.1. MARKET SHARE ANALYSIS
9.2. STRATEGIC INITIATIVES
10. COMPANY PROFILES
10.1. ABB LTD
10.1.1. OVERVIEW
10.1.2. PRODUCT PORTFOLIO
10.1.3. SCOT ANALYSIS
10.1.4. STRATEGIC ANALYSIS
10.2. CROMPTON GREAVES LTD.
10.2.1. OVERVIEW
10.2.2. PRODUCT PORTFOLIO
10.2.3. SCOT ANALYSIS
10.2.4. STRATEGIC ANALYSIS
10.3. EATON CORPORATION PLC.
10.3.1. OVERVIEW
10.3.2. PRODUCT PORTFOLIO
10.3.3. STRATEGIC INITIATIVES
10.3.4. SCOT ANALYSIS
10.3.5. STRATEGIC ANALYSIS
10.4. GENERAL ELECTRIC
10.4.1. OVERVIEW
10.4.2. PRODUCT PORTFOLIO
10.4.3. STRATEGIC INITIATIVES
10.4.4. SCOT ANALYSIS
10.4.5. STRATEGIC ANALYSIS
10.5. SIEMENS AG
10.5.1. OVERVIEW
10.5.2. PRODUCT PORTFOLIO
10.5.3. SCOT ANALYSIS
10.5.4. STRATEGIC ANALYSIS
10.6. SCHNEIDER ELECTRIC
10.6.1. OVERVIEW
10.6.2. PRODUCT PORTFOLIO
10.6.3. STRATEGIC INITIATIVES
10.6.4. SCOT ANALYSIS
10.6.5. STRATEGIC ANALYSIS
10.7. STARKSTROM-GERÄTEBAU GMBH
10.7.1. OVERVIEW
10.7.2. PRODUCT PORTFOLIO
10.7.3. SCOT ANALYSIS
10.7.4. STRATEGIC ANALYSIS
10.8. WILSON POWER SOLUTIONS
10.8.1. OVERVIEW
10.8.2. PRODUCT PORTFOLIO
10.8.3. SCOT ANALYSIS
10.8.4. STRATEGIC ANALYSIS
10.9. LEMI TRAFO JSC
10.9.1. OVERVIEW
10.9.2. PRODUCT PORTFOLIO
10.9.3. SCOT ANALYSIS
10.10. HYOSUNG CORPORATION
10.10.1. OVERVIEW
10.10.2. PRODUCT PORTFOLIO
10.10.3. SCOT ANALYSIS
10.10.4. STRATEGIC ANALYSIS
10.11. BRUSH ELECTRICAL MACHINES LTD
10.11.1. OVERVIEW
10.11.2. PRODUCT PORTFOLIO
10.11.3. STRATEGIC INITIATIVES
10.11.4. SCOT ANALYSIS
10.11.5. STRATEGIC ANALYSIS
10.12. HAMMOND POWER SOLUTIONS, INC
10.12.1. OVERVIEW
10.12.2. PRODUCT PORTFOLIO
10.12.3. STRATEGIC INITIATIVES
10.12.4. SCOT ANALYSIS
10.12.5. STRATEGIC ANALYSIS
10.13. EMERSON ELECTRIC CO
10.13.1. OVERVIEW
10.13.2. PRODUCT PORTFOLIO
10.13.3. SCOT ANALYSIS
10.13.4. STRATEGIC ANALYSIS
TABLE LIST
TABLE 1 NORTH AMERICA DISTRIBUTION TRANSFORMER MARKET 2017 -2025 ($ MILLION)
TABLE 2 CAUSES OF FAILURES IN DISTRIBUTION TRANSFORMER
TABLE 3 NORTH AMERICA DISTRIBUTION TRANSFORMER BY INSULATION TYPE 2017-2025 ($ MILLION)
TABLE 4 NORTH AMERICA DRY TYPE DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
TABLE 5 NORTH AMERICA OIL FILLED DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
TABLE 6 NORTH AMERICA DISTRIBUTION TRANSFORMER MARKET BY MOUNTING 2017-2025($MILLION)
TABLE 7 NORTH AMERICA PAD – MOUNTED DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
TABLE 8 NORTH AMERICA POLE MOUNTED DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
TABLE 9 NORTH AMERICA UNDERGROUND VAULT DISTRIBUTION TRANSFORMER MARKET 2017-2025($MILLION)
TABLE 10 NORTH AMERICA DISTRIBUTION TRANSFORMER MARKET BY PHASE 2017-2025 ($ MILLION)
TABLE 11 NORTH AMERICA SINGLE PHASE POWER DISTRIBUTION TRANSFORMER MARKET BY REGION 2017-2025($ MILLION)
TABLE 12 NORTH AMERICA THREE PHASE POWER DISTRIBUTION TRANSFORMER MARKET BY REGION 2017-2025($ MILLION)
TABLE 13 THREAT OF NEW ENTRANTS ANALYSIS IN DISTRIBUTION TRANSFORMERS MARKET
TABLE 14 BARGAINING POWER OF BUYER ANALYSIS IN DISTRIBUTION TRANSFORMERS MARKET
TABLE 15 BARGAINING POWER OF SUPPLIERS ANALYSIS IN DISTRIBUTION TRANSFORMERS MARKET
TABLE 16 THREAT OF SUBSTITUTE PRODUCTS ANALYSIS IN DISTRIBUTION MARKET
TABLE 17 COMPETITIVE RIVALRY BETWEEN EXISTING PLAYERS ANALYSIS IN DISTRIBUTION TRANSFORMERS MARKET
TABLE 18 NORTH AMERICA DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
FIGURES LIST
FIGURE 1 REASON FOR FAILURE IN DISTRIBUTION TRANSFORMERS
FIGURE 2 NORTH AMERICA DRY TYPE DISTRIBUTION TRANSFORMERS MARKET 2017-2025($ MILLION)
FIGURE 3 NORTH AMERICA OIL FILLED DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
FIGURE 4 NORTH AMERICA PAD MOUNTED DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
FIGURE 5 NORTH AMERICA POLE MOUNTED DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
FIGURE 6 NORTH AMERICA UNDERGROUND VAULT DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
FIGURE 7 NORTH AMERICA SINGLE PHASE POWER DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
FIGURE 8 NORTH AMERICA THREE PHASE POWER DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
FIGURE 9 GROWTH OF THE COUNTRIES CAGR FOR THE FORECASTED PERIOD
FIGURE 10 THREE PHASE SEGMENT OUTLOOK 2016 & 2025 ($ MILLION)
FIGURE 11 POLE MOUNTED SEGMENT OUTLOOK 2017-2025($ MILLION)
FIGURE 12 PORTER’S 5 FORCE MODEL OF DISTRIBUTION TRANSFORMER MARKET
FIGURE 13 US DISTRIBUTION TRANSFORMERS MARKET 2017-2025($ MILLION)
FIGURE 14 CANADA DISTRIBUTION TRANSFORMERS MARKET 2017-2025($ MILLION)
FIGURE 15 MARKET SHARE ANALYSIS OF DISTRIBUTION TRANSFORMERS MARKET (2016)
COMPANIES MENTIONED
2. ABB LTD
3. CROMPTON GREAVES LTD.
4. EATON CORPORATION PLC.
5. GENERAL ELECTRIC
6. SIEMENS AG
7. SCHNEIDER ELECTRIC
8. TRANSFORMERS AND RECTIFIERS INDIA LIMITED
9. WILSON POWER SOLUTIONS
10. HYOSUNG CORPORATION
11. BRUSH ELECTRICAL MACHINES LTD
12. HAMMOND POWER SOLUTIONS, INC
13. KIRLOSKAR ELECTRIC COMPANY LIMITED.
14. EMERSON ELECTRIC CO
FIGURE 1 REASON FOR FAILURE IN DISTRIBUTION TRANSFORMERS
FIGURE 2 NORTH AMERICA DRY TYPE DISTRIBUTION TRANSFORMERS MARKET 2017-2025($ MILLION)
FIGURE 3 NORTH AMERICA OIL FILLED DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
FIGURE 4 NORTH AMERICA PAD MOUNTED DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
FIGURE 5 NORTH AMERICA POLE MOUNTED DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
FIGURE 6 NORTH AMERICA UNDERGROUND VAULT DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
FIGURE 7 NORTH AMERICA SINGLE PHASE POWER DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
FIGURE 8 NORTH AMERICA THREE PHASE POWER DISTRIBUTION TRANSFORMER MARKET 2017-2025($ MILLION)
FIGURE 9 GROWTH OF THE COUNTRIES CAGR FOR THE FORECASTED PERIOD
FIGURE 10 THREE PHASE SEGMENT OUTLOOK 2016 & 2025 ($ MILLION)
FIGURE 11 POLE MOUNTED SEGMENT OUTLOOK 2017-2025($ MILLION)
FIGURE 12 PORTER’S 5 FORCE MODEL OF DISTRIBUTION TRANSFORMER MARKET
FIGURE 13 US DISTRIBUTION TRANSFORMERS MARKET 2017-2025($ MILLION)
FIGURE 14 CANADA DISTRIBUTION TRANSFORMERS MARKET 2017-2025($ MILLION)
FIGURE 15 MARKET SHARE ANALYSIS OF DISTRIBUTION TRANSFORMERS MARKET (2016)
COMPANIES MENTIONED
2. ABB LTD
3. CROMPTON GREAVES LTD.
4. EATON CORPORATION PLC.
5. GENERAL ELECTRIC
6. SIEMENS AG
7. SCHNEIDER ELECTRIC
8. TRANSFORMERS AND RECTIFIERS INDIA LIMITED
9. WILSON POWER SOLUTIONS
10. HYOSUNG CORPORATION
11. BRUSH ELECTRICAL MACHINES LTD
12. HAMMOND POWER SOLUTIONS, INC
13. KIRLOSKAR ELECTRIC COMPANY LIMITED.
14. EMERSON ELECTRIC CO
