Exclusive extracts from this 231-page-long report:
-What is the business?
This report focuses on the electrical equipment sector: companies that design and manufacture power transmission and distribution products and associated services. The market is generally divided into three main segments:
transmission equipment, namely high-voltage products;
groups are also present in the automation business, whose products are designed to enhance energy efficiency for industrial plants and buildings
-Who are the key players?
The power transmission equipment market is an oligopoly marked by the dominance of large global companies (Siemens, ABB, GE, Schneider and Toshiba, among others). The power distribution equipment market is more fragmented and less globalised, with national and regional players dominating [...] Companies analysed in the report include:
General Electric, Siemens Energy Management, ABB, Schneider Electric, EATON, Hitachi, Toshiba, Mitsubishi Electric, Shanghai Electric, Bharat Heavy, Crompton Greaves, China XD Electric, and Chint Electric.
-How intense is competition?
Electrical equipment companies are under pressure to demonstrate responsible practices, innovation, flexibility, sustainability and resilience. To expand, improve their profitability, continue gaining a competitive advantage and maintain their commitment to high levels of environmental performance, groups will have to make changes to their strategy and operational models [...]
-What are the main markets?
Historically the power sector has been characterized by mature technology and a relatively stable legal framework that guaranteed the profitability of the business. Nevertheless, due to the industry's social and economic impact, more and more companies are under growing pressure to improve their efficiency to achieve greater cost competitiveness and an outstanding level of environmental performance. This situation differs from one region to another due to the different market growth levels.
Mature markets, characterized by slow growth, typically experience a high level of competitiveness between players, particularly in the European Union and the United States.
Developing markets such as Asia and Latin America have higher rates of growth, in spite of the current economic slowdown, coupled with a lower level of competitiveness. These circumstances tend to create more market opportunities [...]