The Asian Markets For High Voltage Switchgear 2012 - 2022
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1.1 OBJECTIVES AND SCOPE
1.2 METHODOLOGY
2. SUMMARY
2.1 SUMMARY TABLES
3. THE WORLD MARKET
3.1 FORECAST WORLD MARKET 2013 - 2022
4. MAJOR HIGH VOLTAGE SWITCHGEAR MANUFACTURERS
4.1 HV SWITCHGEAR INDUSTRY CONTACT DETAILS
4.2 Australia
4.3 China
4.4 Indonesia
4.5 Japan
4.6 Malaysia
4.7 New Zealand
4.8 Philippines
4.9 South Korea
4.10 Taiwan
4.11 Thailand
5. REGIONAL MARKETS
5.1 ASIA
5.2 OCEANIA
6. PRODUCTION
7. TRADE ANALYSIS
7.1 TOP 25 EXPORTERS
7.2 TOP 25 IMPORTERS
7.3 EXPORT VALUES
7.4 EXPORT PERCENTAGES
7.5 IMPORT VALUES
7.6 IMPORT VALUES
7.6.1 HV Switchgear Imports by Country Alphabetical 2012
7.6.2 HV Switchgear Imports by Region, by Country 2008 to 2012
8. APPENDICES
8.1 EXCHANGE RATES
8.2 ESTIMATED PRODUCTION BY COMPANY BY COUNTRY
9. COUNTRY PROFILES BY REGION
9.1 Asia
9.2 Australasia
1. INTRODUCTION
1.1 OBJECTIVES AND SCOPE
1.2 METHODOLOGY
2. SUMMARY
2.1 SUMMARY TABLES
The Fastest Growing National Markets for HV Switchgear 2008 - 2012 (US$ Million)
The Fastest Growing National Markets for HV Switchgear 2010 - 2012 (US$ Million)
The Fastest Declining National Markets for HV Switchgear 2008 - 2012 (US$ Million)
The Fastest Declining National Markets for HV Switchgear 2010 – 2012 (US$ Million)
The Largest National Markets for HV Switchgear 2012 (US$ Million)
The Largest National Markets for HV Switchgear 2022 (US$ Million)
3. THE WORLD MARKET
The World Market for HV Switchgear, by Region, 2008- 2013 (US$ Million)
The World Market for HV Switchgear, by Region, 2008 - 2013 (% Change)
The World Market for HV Switchgear, by Region, by Equipment Type 2012 (US$ Million)
The World Market for HV Switchgear, by Region, by Voltage Level 2012 (US$ Million)
The World Market for HV Distribution Switchgear, by Region, by Location 2012 (US$ Million)
The World Market for HV Switchgear, by Region, by Type of Use 2012 (US$ Million)
The World Market for HV Switchgear, by Region, by End Use Customer 2012 (US$ Million)
3.1 FORECAST WORLD MARKET 2013 - 2022
The Forecast World Market for HV Switchgear, by Region, 2013 to 2022 (US$ Million)
The Forecast World Market for HV Switchgear, by Region, 2013 to 2022 (% Change)
The World Market for HV Switchgear, by Region, by Equipment Type 2022 (US$ Million)
The World Market for HV Switchgear, by Region, by Voltage Level 2022 (US$ Million)
The World Market for HV Distribution Switchgear, by Region, by Location 2022 (US$ Million)
The World Market for HV Switchgear, by Region, by Type of Use 2022 (US$ Million)
The World Market for HV Switchgear, by Region, by End Use Customer 2022 (US$ Million)
4. MAJOR HIGH VOLTAGE SWITCHGEAR MANUFACTURERS
Leading Manufacturers’ Sales of HV Switchgear 2012 (US$ Million)
Leading Manufacturers’ Sales of HV Switchgear, per Region, 2012 (US$ Million) - continued
4.1 HV SWITCHGEAR INDUSTRY CONTACT DETAILS
4.2 Australia
4.3 China
4.4 Indonesia
4.5 Japan
4.6 Malaysia
4.7 New Zealand
4.8 Philippines
4.9 South Korea
4.10 Taiwan
4.11 Thailand
5. REGIONAL MARKETS
5.1 ASIA
Asia: Market for HV Switchgear, by Country, 2008 - 2013 (US$ Million)
Asia: The Market for HV Switchgear, by Country, 2008- 2013 (% Change)
Asia: The Market for HV Switchgear, by Country, by Equipment Type 2012 (US$ Million)
Asia: The Market for HV Switchgear, by Country, by Voltage 2012 (US$ Million)
Asia: The Market for HV Switchgear, by Country, by Location 2012 (US$ Million)
Asia: The Market for HV Switchgear, by Country, by Type of Use 2012 (US$ Million)
Asia: The Market for HV Switchgear, by Country, by End Use Customer 2012 (US$ Million)
Asia: The Market for HV Switchgear, by Country, 2013 to 2022 (US$ Million)
Asia: The Market for HV Switchgear, by Country, 2013 to 2022 (% Change)
Asia: The Market for HV Switchgear, by Country, by Equipment Type 2022 (US$ Million)
Asia: The Market for HV Switchgear, by Country, by Voltage 2022 (US$ Million)
The Asian Markets for HV Switchgear, 2012 - 2022
Asia: The Market for HV Switchgear, by Country, by Location 2022 (US$ Million)
Asia: The Market for HV Switchgear, by Country, by Type of Use 2022 (US$ Million)
Asia: The Market for HV Switchgear, by Country, by End Use Customer 2022 (US$ Million)
5.2 OCEANIA
Oceania: The Market for HV Switchgear, by Country, 2008 - 2012 (US$ Million)
Oceania: The Market for HV Switchgear, by Country, 2008 - 2012 (% Change)
Oceania: The Market for HV Switchgear, by Country, by Equipment Type 2012 (US$ Million)
Oceania: The Market for HV Switchgear, by Country, by Voltage 2012 (US$ Million)
Oceania: The Market for HV Switchgear, by Country, by Location 2012 (US$ Million)
Oceania: The Market for HV Switchgear, by Country, by Type of Use 2012 (US$ Million)
Oceania: The Market for HV Switchgear, by Country, by End Use Customer 2012 (US$ Million)
Oceania: The Market for HV Switchgear, by Country, 2013 to 2022 (US$ Million)
Oceania: The Market for HV Switchgear, by Country, 2013 to 2022 (% Change)
Oceania: The Market for HV Switchgear, by Country, by Equipment Type 2022 (US$ Million)
Oceania: The Market for HV Switchgear, by Country, by Voltage 2022 (US$ Million)
Oceania: The Market for HV Switchgear, by Country, by Location 2022 (US$ Million)
Oceania: The Market for HV Switchgear, by Country, by Type of Use 2022 (US$ Million)
Oceania: The Market for HV Switchgear, by Country, by End Use Customer 2022 (US$ Million)
6. PRODUCTION
The Top 25 Producers of HV Switchgear, 2012 (US$ Million)
7. TRADE ANALYSIS
7.1 TOP 25 EXPORTERS
The Top 25 Exporters of HV Switchgear, 2010 to 2012 (US$ Millions)
The Top 25 Exporters of HV Fuses, 2012 (US$ Thousands)
The Top 25 Exporters of HV Circuit Breakers 1-72.5kV, 2012 (US$ Thousands)
The Top 25 Exporters of HV Circuit Breakers >72.5kV, 2012 (US$ Thousands)
The Top 25 Exporters of HV Switches, 2012 (US$ Thousands)
The Top 25 Exporters of Lightning Arresters, 2012 (US$ Thousands)
The Top 25 Exporters of Other HV Apparatus, 2012 (US$ Thousands)
The Top 25 Exporters of HV Distribution Boards and Panels, 2012 (US$ Thousands)
7.2 TOP 25 IMPORTERS
The Top 25 Importers of HV Switchgear, 2010 to 2012 (US$ Millions)
The Top 25 Importers of HV Fuses, 2012 (US$ Thousands)
The Top 25 Importers of HV Circuit breakers 1 to 72.5kV, 2012 (US$ Thousands)
The Top 25 Importers of HV Circuit Breakers >72.5kV, 2012 (US$ Thousands)
The Top 25 Importers of HV Switches, 2012 (US$ Thousands)
The Top 25 Importers of HV Lightning Arresters, 2012 (US$ Thousands)
The Top 25 Importers of Other HV Apparatus, 2012 (US$ Thousands)
The Top 25 Importers of HV Distribution Boards and Panels, 2012 (US$ Thousands)
7.3 EXPORT VALUES
The Top Regional Exporters of HV Switchgear to Principal Destinations, China – Korea South, 2012 (US$ Thousand)
The Top Regional Exporters of HV Switchgear to Principal Destinations, Malaysia - Singapore 2012 (US$ Thousand)
7.4 EXPORT PERCENTAGES
The Top Regional Exporters of HV Switchgear to Principal Destinations, China – Korea South, 2012 (% by Value)
The Top Regional Exporters of HV Switchgear to Principal Destinations, Malaysia - Singapore, 2012 (% by Value)
7.5 IMPORT VALUES
Importers of HV Switchgear by Type, 2010 to 2012 Averaged (US$ Thousands)
7.6 IMPORT VALUES
7.6.1 HV Switchgear Imports by Country Alphabetical 2012
Imports of HV Switchgear, by Country, Australia - China 2012 (US$ Thousand)
Imports of HV Switchgear, by Country, China Hong Kong - Fiji 2012 (US$ Thousand)
Imports of HV Switchgear, by Country, French Polynesia - Japan 2012 (US$ Thousand)
Imports of HV Switchgear, by Country, Korea South – New Caledonia 2012 (US$ Thousand)
Imports of HV Switchgear, by Country, New Zealand - Philippines 2012 (US$ Thousand)
Imports of HV Switchgear, by Country, Singapore - Thailand 2012 (US$ Thousand)
Imports of HV Switchgear, by Country, Tonga - Vietnam 2012 (US$ Thousand)
7.6.2 HV Switchgear Imports by Region, by Country 2008 to 2012
Imports of HV Switchgear, Asia, by Country, 2008 to 2012 Values (US$ Thousand)
Imports of HV Switchgear, Australasia, by Country, 2008 to 2012 Values (US$ Thousand)
8. APPENDICES
8.1 EXCHANGE RATES
Exchange Rates for Major Currencies against US Dollar 2008-2013
8.2 ESTIMATED PRODUCTION BY COMPANY BY COUNTRY
Estimated production by Country by Company-2012 (US$ Million)
9. COUNTRY PROFILES BY REGION
9.1 Asia
Asia – Country by Country Profiles
Asia – Country by Country Profiles - continued
9.2 Australasia
Australasia – Country by Country Profiles
The market for distribution switchgear in the range nominally up to 50kV clearly declined globally in 2009 as a short term reaction to the financial crash and was not back on trend until 2012.
Switchgear demand at higher voltages continued to increase during that period but has virtually flat lined from 2010 and the future growth is expected to be at very modest rates until the end of the decade.
The market in Western Europe fell steeply in 2008, shows a double dip but then increases gradually for the forecast period. This pattern is mirrored by Asia (not including China) but commencing a year later in 2009.
North America also fell in 2009 but does not show a second dip and is forecast to grow at a higher rate.
The market in China stagnated in 2008/2009, increased until 2011 and then slowed again in 2012. The growth through to the end of the forecast period will be in the order of ** to **% cagr – roughly half the rates experienced up to 2008.
The supplier base continues to evolve in reaction to the markets. ABB is the largest producer of HV Switchgear with products across the full spectrum of the high voltage range and the company’s world market share is estimated to be a little under *****%. Siemens is second at a little over *****% and Alstom remains in third place as the amalgamation of the old Areva T&D business into Alstom and Schneider (HV and MV parts respectively) unfolds. The Alstom share of the global market has settled at about *****% but the Schneider share which we originally estimated at *****% has now increased to over 6%. How much is due to their increased market penetration and how much is due to the distribution switchgear sector increasing is not clear.
The US$11.8 billion acquisition of Cooper Industries by Eaton Corp which was completed at the end of 2012 has also impacted on the market, especially in the 1 to 50kV segment where both had activities. Pre-merger we estimated their global shares at *****% with Cooper at *****% and Eaton at *****%. It seems that the greatest effect of the combined entity will be in the low voltage sector; nevertheless, together we now estimate their combined share of the HV market at *****% on a market that has also grown in the interim.
The current (as at the time of going to press) uncertainty as to which suitor will be successful in the acquisition of the Alstom Grid business is still playing out.
With respect to HV Switchgear, a glance at table 21 shows the overall position. ABB are top of the league with *****% share, GE + Alstom Grid will result in a combined share in the order of *****%; which places the combined business in third place behind Siemens. A combination of Siemens + Mitsubishi + Alstom Grid; gives a combined share in the order of *****%. In reality this would net down to much less than that because of the large areas (geographically and product) of overlap within the combined group; particularly between Siemens and Alstom Grid in Europe. GE on the other hand appears to be a much better fit both product-wise and from a geographical perspective. No doubt money rather than logic will decide; all of which will be reported in the next edition of this report.
