The World Market for HV Insulators & Bushings 2004 - 2010

The World Market for High Voltage Insulators &

Bushings

2004 - 2010

© GOULDEN REPORTS JUNE 2004

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The World Market for HV Insulators & Bushings, 2004 - 2010


NOTE

The information given in this report has been compiled from published sources and interpreted from fieldwork based on informed opinions. Whilst every care has been taken in the preparation of the report, there may have been some errors in the information obtained. Although it is impossible to verify every single detail by cross checking, we believe the general picture provided is reasonably accurate and comprehensive.

Many Goulden Reports publications contain an overview of selected company financial information and capabilities based on published sources where available. Although the companies represented are believed to be the major suppliers the profiles are meant to be indicative rather than definitive.

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CONTENTS

1. INTRODUCTION............................................................................................................................................... 1 1.1 OBJECTIVE AND SCOPE.................................................................................................................................. 1 1.2 METHODOLOGY....................................................................................................................................... 3 1.3 SUMMARY................................................................................................................................................. 5 1.4 SUMMARY TABLES ........................................................................................................................................ 7

2. THE WORLD MARKET................................................................................................................................. 15

3. THE WORLD’S MANUFACTURERS........................................................................................................... 21 3.1 CONTACT INFORMATION FOR LEADING MANUFACTURERS........................................................................... 25

4. REGIONAL MARKETS.................................................................................................................................. 31 4.1 WESTERN EUROPE ....................................................................................................................................... 31 4.1.1 Insulators ................................................................................................................................................... 31 4.1.2 Bushings..................................................................................................................................................... 34 4.2 EASTERN EUROPE ........................................................................................................................................ 37 4.2.1 Insulators ................................................................................................................................................... 37 4.2.2 Bushings..................................................................................................................................................... 40 4.3 FORMER USSR.............................................................................................................................................. 43 4.3.1 Insulators ................................................................................................................................................... 43 4.3.2 Bushings..................................................................................................................................................... 46 4.4 NORTH AFRICA ............................................................................................................................................ 49 4.4.1 Insulators ................................................................................................................................................... 49 4.4.2 Bushings..................................................................................................................................................... 50 4.5 WEST AFRICA .............................................................................................................................................. 53 4.5.1 Insulators ................................................................................................................................................... 53 4.5.2 Bushings..................................................................................................................................................... 55 4.6 CENTRAL AND EASTERN AFRICA.................................................................................................................. 57 4.6.1 Insulators ................................................................................................................................................... 57 4.6.2 Bushings..................................................................................................................................................... 60 4.7 SOUTHERN AFRICA ...................................................................................................................................... 61 4.7.1 Insulators ................................................................................................................................................... 61 4.7.2 Bushings..................................................................................................................................................... 62 4.8 MIDDLE EAST .............................................................................................................................................. 65 4.8.1 Insulators ................................................................................................................................................... 65 4.8.2 Bushings..................................................................................................................................................... 68 4.9 SOUTH ASIA................................................................................................................................................. 71 4.9.1 Insulators ................................................................................................................................................... 71 4.9.2 Bushings..................................................................................................................................................... 72 4.10 FAR EAST..................................................................................................................................................... 75 4.10.1 Insulators ................................................................................................................................................... 75 4.10.2 Bushings..................................................................................................................................................... 78 4.11 SOUTH AMERICA ......................................................................................................................................... 81 4.11.1 Insulators ................................................................................................................................................... 81 4.11.2 Bushings..................................................................................................................................................... 84 4.12 CENTRAL AMERICA & CARIBBEAN .............................................................................................................. 87 4.12.1 Insulators ................................................................................................................................................... 87 4.12.2 Bushings..................................................................................................................................................... 90 4.13 NORTH AMERICA ......................................................................................................................................... 91 4.13.1 Insulators ................................................................................................................................................... 91 4.13.2 Bushings..................................................................................................................................................... 92


4.14 OCEANIA ..................................................................................................................................................... 93 4.14.1 Insulators ................................................................................................................................................... 93 4.14.2 Bushings..................................................................................................................................................... 94

5. PRODUCTION ................................................................................................................................................. 97

6. TRADE ANALYSIS ....................................................................................................................................... 103 6.1 TOP 20 EXPORTERS.................................................................................................................................... 103 TOP 25 IMPORTERS .................................................................................................................................................. 108 TOP 25 IMPORTERS .................................................................................................................................................. 108 6.2 EXPORT VALUES........................................................................................................................................ 113 6.2.1 Glass Insulators ....................................................................................................................................... 113 6.2.2 Ceramic Insulators................................................................................................................................... 114 6.2.3 Composite Insulators ............................................................................................................................... 115 6.3 IMPORT VALUES ........................................................................................................................................ 116 6.3.1 Glass Insulators ....................................................................................................................................... 116 6.3.2 Ceramic Insulators................................................................................................................................... 122 6.3.3 Composite Insulators ............................................................................................................................... 128 6.4 IMPORT PERCENTAGES .............................................................................................................................. 135 6.4.1 Western Europe........................................................................................................................................ 135 6.4.2 Eastern Europe ........................................................................................................................................ 136 6.4.3 Former USSR ........................................................................................................................................... 137 6.4.4 Africa........................................................................................................................................................ 138 6.4.5 Middle East .............................................................................................................................................. 140 6.4.6 South Asia ................................................................................................................................................ 141 6.4.7 Far East ................................................................................................................................................... 142 6.4.8 South America .......................................................................................................................................... 143 6.4.9 Central America & Caribbean................................................................................................................. 144 6.4.10 North America.......................................................................................................................................... 145 6.4.11 Oceania .................................................................................................................................................... 145

7. DIRECTORY OF MANUFACTURERS ...................................................................................................... 147 7.1 ARGENTINA............................................................................................................................................... 147 7.2 AUSTRALIA ............................................................................................................................................... 147 7.3 AUSTRIA.................................................................................................................................................... 148 7.4 BANGLADESH ............................................................................................................................................ 148 7.5 BELGIUM ................................................................................................................................................... 149 7.6 BRAZIL ...................................................................................................................................................... 149 7.7 CANADA.................................................................................................................................................... 150 7.8 CHINA ....................................................................................................................................................... 151 7.9 CROATIA ................................................................................................................................................... 152 7.10 CZECH REPUBLIC ....................................................................................................................................... 152 7.11 DENMARK ................................................................................................................................................. 153 7.12 EGYPT ....................................................................................................................................................... 153 7.13 FINLAND.................................................................................................................................................... 153 7.14 FRANCE..................................................................................................................................................... 153 7.15 GERMANY ................................................................................................................................................. 155 7.16 GREECE ..................................................................................................................................................... 156 7.17 HUNGARY.................................................................................................................................................. 156 7.18 INDIA ........................................................................................................................................................ 157 7.19 INDONESIA ................................................................................................................................................ 158 7.20 IRAN.......................................................................................................................................................... 158 7.21 ITALY ........................................................................................................................................................ 159 7.22 JAPAN........................................................................................................................................................ 159 7.23 LATVIA...................................................................................................................................................... 161 7.24 LITHUANIA ................................................................................................................................................ 161 7.25 MACEDONIA .............................................................................................................................................. 161 7.26 MALAYSIA................................................................................................................................................. 162 7.27 MEXICO ..................................................................................................................................................... 162 7.28 NETHERLANDS .......................................................................................................................................... 162


7.29 NEW ZEALAND .......................................................................................................................................... 162 7.30 NORWAY ................................................................................................................................................... 163 7.31 OMAN........................................................................................................................................................ 163 7.32 PHILIPPINES............................................................................................................................................... 163 7.33 POLAND..................................................................................................................................................... 164 7.34 PORTUGAL................................................................................................................................................. 165 7.35 QATAR....................................................................................................................................................... 165 7.36 ROMANIA .................................................................................................................................................. 166 7.37 RUSSIA ...................................................................................................................................................... 166 7.38 SAUDI ARABIA........................................................................................................................................... 167 7.39 SLOVAKIA ................................................................................................................................................. 167 7.40 SOUTH AFRICA .......................................................................................................................................... 167 7.41 SOUTH KOREA ........................................................................................................................................... 168 7.42 SPAIN ........................................................................................................................................................ 168 7.43 SRI LANKA................................................................................................................................................. 169 7.44 SWEDEN .................................................................................................................................................... 169 7.45 SWITZERLAND........................................................................................................................................... 169 7.46 TAIWAN..................................................................................................................................................... 170 7.47 THAILAND ................................................................................................................................................. 171 7.48 UAE ........................................................................................................................................................... 171 7.49 UKRAINE ................................................................................................................................................... 171 7.50 UNITED KINGDOM...................................................................................................................................... 172 7.51 USA ........................................................................................................................................................... 173 7.52 VENEZUELA............................................................................................................................................... 177

8. APPENDICES ................................................................................................................................................. 179 8.1 BACKGROUND COUNTRY INFORMATION..................................................................................... 179 8.1.1 Europe...................................................................................................................................................... 179 8.1.2 Africa........................................................................................................................................................ 182 8.1.3 Asia .......................................................................................................................................................... 185 8.1.4 South America .......................................................................................................................................... 188 8.1.5 North and Central America and Caribbean............................................................................................. 189 8.1.6 Oceania .................................................................................................................................................... 192 8.2 EXCHANGE RATES .............................................................................................................................. 193 8.3 MANUFACTURERS PRODUCTION ................................................................................................................ 195



TABLE OF TABLES

1. INTRODUCTION............................................................................................................................................... 1 1.1 OBJECTIVE AND SCOPE.................................................................................................................................. 1 1.2 METHODOLOGY....................................................................................................................................... 3 1.3 SUMMARY................................................................................................................................................. 5 1.4 SUMMARY TABLES ........................................................................................................................................ 7

The Fastest Growing National Markets for High Voltage Insulators 1999 - 2004 (US$ thousand)...............................7 The Fastest Growing National Markets for High Voltage Bushings 1999 - 2004 (US$ Thousand) ..............................8 The Fastest Declining National Markets for High Voltage Insulators 1999 - 2004 (US$ Thousand)............................9 The Fastest Declining National Markets for High Voltage Bushings 1999 - 2004 (US$ Thousand)...........................10 The Largest National Markets for High Voltage Insulators, 2003 (US$ Thousands) ...................................................11 The Largest National Markets for High Voltage Glass Insulators, 2003 (US$ Thousand)...........................................11 The Largest National Markets for High Voltage Ceramic Insulators, 2003 (US$ Thousand) ......................................12 The Largest National Markets for High Voltage Composite Insulators, 2003 (US$ Thousand)...................................12 The Largest National Markets for High Voltage Bushings, 2003 (US$ Thousand)......................................................13 The Largest National Markets for High Voltage Transformer Bushings, 2003 (US$ Thousand).................................13 The Largest National Markets for High Voltage Switchgear Bushings, 2003 (US$ Thousand)...................................14 The Largest National Markets for High Voltage Bushings - Other, 2003 (US$ Thousand) .........................................14

2. THE WORLD MARKET................................................................................................................................. 15 The World Market for High Voltage Insulators, by Region, 1999 – 2004 (US$ Million) ............................................15 The World Market for High Voltage Insulators, by Region, 2004 – 2010 (US$ Million) ............................................16 The World Market for High Voltage Insulators, by Region, by Product, 2003 (US$ Million).....................................17 The World Market for High Voltage Bushings, by Region, 1999 – 2004 (US$ Million) .............................................18 The World Market for High Voltage Bushings, by Region, 2004 – 2010 (US$ Million) .............................................19 The World Market for High Voltage Bushings, by Region, by Product, 2003 (US$ Million)......................................20

3. THE WORLD’S MANUFACTURERS........................................................................................................... 21 Leading Manufacturers’ Sales of High Voltage Insulators by Region, 2003 (US$ Million) ........................................21 Leading Manufacturers’ Sales of High Voltage Insulators by Region, 2003 (US$ Million) ........................................22 Leading Manufacturers’ Sales of High Voltage Bushings by Region, 2003 (US$ Million) .........................................23 Leading Manufacturers’ Sales of High Voltage Bushings by Region, 2003 (US$ Million) .........................................24

3.1 CONTACT INFORMATION FOR LEADING MANUFACTURERS........................................................................... 25 4. REGIONAL MARKETS.................................................................................................................................. 31

4.1 WESTERN EUROPE ....................................................................................................................................... 31 Western Europe: The Market for High Voltage Insulators, by Country, 1999 - 2004 (US$ Million)...........................31 Western Europe: The Market for High Voltage Insulators, by Country, 2004 - 2010 (US$ Million)...........................32 Western Europe: The Market for High Voltage Insulators, by Country, by Product, 2003 (US$ Million)...................33 Western Europe: The Market for High Voltage Bushings, by Country, 1999 - 2004 (US$ Million)............................34 Western Europe: The Market for High Voltage Bushings, by Country, 2004 - 2010 (US$ Million)............................35 Western Europe: The Market for High Voltage Bushings, by Country, by Product, 2003 (US$ Million)....................36

4.2 EASTERN EUROPE ........................................................................................................................................ 37 Eastern Europe: The Market for High Voltage Insulators, by Country, 1999 - 2004 (US$ Million) ............................37 Eastern Europe: The Market for High Voltage Insulators, by Country, 2004 - 2010 (US$ Million) ............................38 Eastern Europe: The Market for High Voltage Insulators, by Country, by Product, 2003 (US$ Million) ....................39 Eastern Europe: The Market for High Voltage Bushings, by Country, 1999 - 2004 (US$ Million).............................40 Eastern Europe: The Market for High Voltage Bushings, by Country, 2004 - 2010 (US$ Million).............................41 Eastern Europe: The Market for High Voltage Bushings, by Country, by Product, 2003 (US$ Million).....................42

4.3 FORMER USSR.............................................................................................................................................. 43 Former USSR: The Market for High Voltage Insulators, by Country, 1999 - 2004 (US$ Million)..............................43 Former USSR: The Market for High Voltage Insulators, by Country, 2004 - 2010 (US$ Million)..............................44 Former USSR: The Market for High Voltage Insulators, by Country, by Product 2003 (US$ Million).......................45 Former USSR: The Market for High Voltage Bushings, by Country, 1999 - 2004 (US$ Million)...............................46 Former USSR: The Market for High Voltage Bushings, by Country, 2004 - 2010 (US$ Million)...............................47 Former USSR: The Market for High Voltage Bushings, by Country, by Product 2003 (US$ Million)........................48

4.4 NORTH AFRICA ............................................................................................................................................ 49 North Africa: The Market for High Voltage Insulators, by Country, 1999 - 2004 (US$ Million) ................................49


North Africa: The Market for High Voltage Insulators, by Country, 2004 - 2010 (US$ Million) ................................49 North Africa: The Market for High Voltage Insulators, by Country, by Product 2003 (US$ Million).........................50 North Africa: The Market for High Voltage Bushings, by Country, 1999 - 2004 (US$ Million).................................50 North Africa: The Market for High Voltage Bushings, by Country, 2004 - 2010 (US$ Million).................................51 North Africa: The Market for High Voltage Bushings, by Country, by Product 2003 (US$ Million)..........................51

4.5 WEST AFRICA .............................................................................................................................................. 53 West Africa: The Market for High Voltage Insulators, by Country, 1999 - 2004 (US$ Thousands)............................53 West Africa: The Market for High Voltage Insulators, by Country, 2004 - 2010 (US$ Thousand) .............................54 West Africa: The Market for High Voltage Insulators, by Country, by Product, 2003 (US$ Thousand) .....................55

4.6 CENTRAL AND EASTERN AFRICA.................................................................................................................. 57 Central & Eastern Africa: The Market for High Voltage Insulators, by Country, 1999 - 2004 (US$ Thousand) .........57 Central & Eastern Africa: The Market for High Voltage Insulators, by Country, 2004 - 2010 (US$ Thousand) .........58 Central & Eastern Africa: .............................................................................................................................................59 The Market for High Voltage Insulators, by Country, by Product, 2003 (US$ Thousand)...........................................59

4.7 SOUTHERN AFRICA ...................................................................................................................................... 61 Southern Africa: The Market for High Voltage Insulators, by Country, 1999 - 2004 (US$ Thousand) .......................61 Southern Africa: The Market for High Voltage Insulators, by Country, 2004 - 2010 (US$ Thousand) .......................61 Southern Africa: The Market for High Voltage Insulators, by Country, by Product, 2003 (US$ Thousand) ...............62 Southern Africa: The Market for High Voltage Bushings, by Country, 1999 - 2004 (US$ Thousand) ........................62 Southern Africa: The Market for High Voltage Bushings, by Country, 2004 - 2010 (US$ Thousand) ........................63 Southern Africa: The Market for High Voltage Bushings, by Country, by Product, 2003 (US$ Thousand) ................63

4.8 MIDDLE EAST .............................................................................................................................................. 65 Middle East: The Market for High Voltage Insulators, by Country, 1999 - 2004 (US$ Million) .................................65 Middle East: The Market for High Voltage Insulators, by Country, 2004 - 2010 (US$ Million) .................................66 Middle East: The Market for High Voltage Insulators, by Country, by Product, 2003 (US$ Million) .........................67 Middle East: The Market for High Voltage Bushings, by Country, 1999 - 2004 (US$ Million)..................................68 Middle East: The Market for High Voltage Bushings, by Country, 2004 - 2010 (US$ Million)..................................69 Middle East: The Market for High Voltage Bushings, by Country, by Product, 2003 (US$ Million)..........................70

4.9 SOUTH ASIA................................................................................................................................................. 71 South Asia: The Market for High Voltage Insulators, by Country, 1999 - 2004 (US$ Million)...................................71 South Asia: The Market for High Voltage Insulators, by Country, 2004 - 2010 (US$ Million)...................................71 South Asia: The Market for High Voltage Insulators, by Country, by Product, 2003 (US$ Million)...........................72 South Asia: The Market for High Voltage Bushings, by Country, 1999 - 2004 (US$ Million)....................................72 South Asia: The Market for High Voltage Bushings, by Country, 2004 - 2010 (US$ Million)....................................73 South Asia: The Market for High Voltage Bushings, by Country, by Product, 2003 (US$ Million)............................73

4.10 FAR EAST..................................................................................................................................................... 75 Far East: The Market for High Voltage Insulators, by Country, 1999 - 2004 (US$ Million) .......................................75 Far East: The Market for High Voltage Insulators, by Country, 2004 - 2010 (US$ Million) .......................................76 Far East: The Market for High Voltage Insulators, by Country, by Product, 2003 (US$ Million) ...............................77 Far East: The Market for High Voltage Bushings, by Country, 1999 - 2004 (US$ Million) ........................................78 Far East: The Market for High Voltage Bushings, by Country, 2004 - 2010 (US$ Million) ........................................79 Far East: The Market for High Voltage Bushings, by Country, by Product, 2003 (US$ Million) ................................80

4.11 SOUTH AMERICA ......................................................................................................................................... 81 South America: The Market for High Voltage Insulators, by Country, 1999 - 2004 (US$ Million) ............................81 South America: The Market for High Voltage Insulators, by Country, 2004 - 2010 (% Change) ................................82 South America: The Market for High Voltage Insulators, by Country, by Product, 2003 (US$ Million) ....................83 South America: The Market for High Voltage Bushings, by Country, 1999 - 2004 (US$ Million) .............................84 South America: The Market for High Voltage Bushings, by Country, 2004 - 2010 (US$ Million) .............................85 South America: The Market for High Voltage Bushings, by Country, by Product, 2003 (US$ Million) .....................86

4.12 CENTRAL AMERICA & CARIBBEAN .............................................................................................................. 87 Central America: The Market for High Voltage Insulators, by Country, 1999 - 2004 (US$ Million) ..........................87 Central America: The Market for High Voltage Insulators, by Country, 2004 - 2010 (US$ Million) ..........................88 Central America: The Market for High Voltage Insulators, by Country, by Product, 2003 (US$ Million) ..................89 Central America: The Market for High Voltage Bushings, by Country, 1999 - 2004 (US$ Thousand) .......................90 Central America: The Market for High Voltage Bushings, by Country, 2004 - 2010 (US$ Thousand) .......................90 Central America: The Market for High Voltage Bushings, by Country, by Product, 2003 (US$ Thousand) ...............90

4.13 NORTH AMERICA ......................................................................................................................................... 91 North America: The Market for High Voltage Insulators, by Country, 1999 - 2004 (US$ Million) ............................91 North America: The Market for High Voltage Insulators, by Country, 2004 - 2010 (US$ Million) ............................91 North America: The Market for High Voltage Insulators, by Country, by Product, 2003 (US$ Million) ....................91 North America: The Market for High Voltage Bushings, by Country, 1999 - 2004 (US$ Million) .............................92 North America: The Market for High Voltage Bushings, by Country, 2004 - 2010 (US$ Million) .............................92 North America: The Market for High Voltage Bushings, by Country, by Product, 2003 (US$ Million) .....................92

4.14 OCEANIA ..................................................................................................................................................... 93 Oceania: The Market for High Voltage Insulators, by Country, 1999 - 2004 (US$ Million) .......................................93


Oceania: The Market for High Voltage Insulators, by Country, 2004 - 2010 (US$ Million) .......................................93 Oceania: The Market for High Voltage Insulators, by Country, by Product, 2003 (US$ Million) ...............................94 Oceania: The Market for High Voltage Bushings, by Country, 1999 - 2004 (US$ Million) ........................................94 Oceania: The Market for High Voltage Bushings, by Country, 2004 - 2010 (US$ Million) ........................................95 Oceania: The Market for High Voltage Insulators, by Country, by Product, 2003 (US$ Million) ...............................95

5. PRODUCTION ................................................................................................................................................. 97 The Top 25 Producers of High Voltage Insulators, 2003 (US$ Million) ......................................................................97 The Top 25 Producers of High Voltage Glass Insulators, 2003 (US$ Million) ............................................................98 The Top 25 Producers of High Voltage Ceramic Insulators, 2003 (US$ Million)........................................................99 The Top 25 Producers of High Voltage Composite Insulators, 2003 (US$ Million)..................................................100 The Top 25 Producers of High Voltage Bushings, 2003 (US$ Million).....................................................................101

6. TRADE ANALYSIS ....................................................................................................................................... 103 6.1 TOP 20 EXPORTERS.................................................................................................................................... 103

The Top 20 Exporters of Insulators (All Types), 2003 (US$ Million)........................................................................103 The Top 25 Exporters of Glass Insulators, 2003 (US$ Million) .................................................................................104 The Top 25 Exporters of Ceramic Insulators, 2003 (US$ Million) ............................................................................105 The Top 25 Exporters of Composite Insulators, 2003 (US$ Million).........................................................................106

TOP 25 IMPORTERS .................................................................................................................................................. 108 TOP 25 IMPORTERS .................................................................................................................................................. 108

The Top 25 Importers of Insulators (all Types), 2003 (US$ Million)........................................................................108 The Top 25 Importers of Glass Insulators, 2003 (US$ Million) .................................................................................109 The Top 25 Importers of Ceramic Insulators, 2003 (US$ Million) ............................................................................110 The Top 25 Importers of Composite Insulators, 2003 (US$ Million)........................................................................111

6.2 EXPORT VALUES........................................................................................................................................ 113 The Top 25 Exporters of High Voltage Glass Insulators 5 Year average 1998 to 2002 (US$ Thousand) .................113 The Top 25 Exporters of High Voltage Ceramic Insulators 5 Year average 1998 to 2002 (US$ Thousand).............114 The Top 25 Exporters of High Voltage Composite Insulators 5 Year average 1998 to 2002 (US$ Thousand).........115

6.3 IMPORT VALUES ........................................................................................................................................ 116 Total Importers of High Voltage Glass Insulators Albania - China, 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................116 Total Importers of High Voltage Glass Insulators Hong Kong - Guatemala, 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................117 Total Importers of High Voltage Glass Insulators Honduras - Mexico, 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................118 Total Importers of High Voltage Glass Insulators Mongolia - Russia, 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................119 Total Importers of High Voltage Glass Insulators Rwanda - Uganda 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................120 Total Importers of High Voltage Glass Insulators Ukraine - Zimbabwe, 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................121 Total Importers of High Voltage Ceramic Insulators Albania – Cote d’Ivoire, 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................122 Total Importers of High Voltage Ceramic Insulators Chile - Greece, 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................123 Total Importers of High Voltage Ceramic Insulators Grenada - Malaysia, 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................124 Total Importers of High Voltage Ceramic Insulators Malta - Moldova, 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................125 Total Importers of High Voltage Ceramic Insulators Romania – Trinidad & Tobago, 5 year Average 1998 to 2002 (US$ Thousand).................................................................................................................................................126 Total Importers of High Voltage Ceramic Insulators Tunisia - Zimbabwe, 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................127 Total Importers of High Voltage Composite Insulators Albania - Cameroon, 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................128 Total Importers of High Voltage Composite Insulators Canada - Georgia, 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................129 Total Importers of High Voltage Composite Insulators Germany - Lesotho, 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................130 Total Importers of High Voltage Composite Insulators Lithuania – Papua New Guinea, 5 year Average 1998 to 2002 (US$ Thousand).................................................................................................................................................131 Total Importers of High Voltage Composite Insulators Paraguay – Sri Lanka, 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................132


Total Importers of High Voltage Composite Insulators Sudan - Zimbabwe, 5 year Average 1998 to 2002 (US$ Thousand)...................................................................................................................................................................133

6.4 IMPORT PERCENTAGES .............................................................................................................................. 135 Western Europe: Imports of High Voltage Insulators, by Country, by Type, 2002 (%) ............................................135 Eastern Europe: Imports of High Voltage Insulators, by Country, by Type, 2002 (%) ............................................136 Former USSR: Imports of High Voltage Insulators, by Country, by Type, 2002 (%) ..............................................137 North Africa: Imports of High Voltage Insulators, by Country, by Type, 2002 (%) ................................................138 North Africa: Imports of High Voltage Insulators, by Country, by Type, 2002 (%) ................................................139 Middle East: Imports of High Voltage Insulators, by Country, by Type 2002 (%) ...................................................140 South Asia: Imports of High Voltage Insulators, by Country, by Type 2002 (%) ....................................................141 Far East: Imports of High Voltage Insulators, by Country, by Type, 2002 (%)........................................................142 South America: Imports of High Voltage Insulators, by Country, by Type 2002 (%)..............................................143 Central America: Imports of High Voltage Insulators, by Country, by Type 2002 (%) ...........................................144 North America: Imports of High Voltage Insulators, by Country, by Type 2002 (%)..............................................145 Oceania: Imports of High Voltage Insulators, by Country, by Type 2002 (%).........................................................145

7. DIRECTORY OF MANUFACTURERS ...................................................................................................... 147 7.1 ARGENTINA............................................................................................................................................... 147 7.2 AUSTRALIA ............................................................................................................................................... 147 7.3 AUSTRIA.................................................................................................................................................... 148 7.4 BANGLADESH ............................................................................................................................................ 148 7.5 BELGIUM ................................................................................................................................................... 149 7.6 BRAZIL ...................................................................................................................................................... 149 7.7 CANADA.................................................................................................................................................... 150 7.8 CHINA ....................................................................................................................................................... 151 7.9 CROATIA ................................................................................................................................................... 152 7.10 CZECH REPUBLIC ....................................................................................................................................... 152 7.11 DENMARK ................................................................................................................................................. 153 7.12 EGYPT ....................................................................................................................................................... 153 7.13 FINLAND.................................................................................................................................................... 153 7.14 FRANCE..................................................................................................................................................... 153 7.15 GERMANY ................................................................................................................................................. 155 7.16 GREECE ..................................................................................................................................................... 156 7.17 HUNGARY.................................................................................................................................................. 156 7.18 INDIA ........................................................................................................................................................ 157 7.19 INDONESIA ................................................................................................................................................ 158 7.20 IRAN.......................................................................................................................................................... 158 7.21 ITALY ........................................................................................................................................................ 159 7.22 JAPAN........................................................................................................................................................ 159 7.23 LATVIA...................................................................................................................................................... 161 7.24 LITHUANIA ................................................................................................................................................ 161 7.25 MACEDONIA .............................................................................................................................................. 161 7.26 MALAYSIA................................................................................................................................................. 162 7.27 MEXICO ..................................................................................................................................................... 162 7.28 NETHERLANDS .......................................................................................................................................... 162 7.29 NEW ZEALAND .......................................................................................................................................... 162 7.30 NORWAY ................................................................................................................................................... 163 7.31 OMAN........................................................................................................................................................ 163 7.32 PHILIPPINES............................................................................................................................................... 163 7.33 POLAND..................................................................................................................................................... 164 7.34 PORTUGAL................................................................................................................................................. 165 7.35 QATAR....................................................................................................................................................... 165 7.36 ROMANIA .................................................................................................................................................. 166 7.37 RUSSIA ...................................................................................................................................................... 166 7.38 SAUDI ARABIA........................................................................................................................................... 167 7.39 SLOVAKIA ................................................................................................................................................. 167 7.40 SOUTH AFRICA .......................................................................................................................................... 167 7.41 SOUTH KOREA ........................................................................................................................................... 168 7.42 SPAIN ........................................................................................................................................................ 168 7.43 SRI LANKA................................................................................................................................................. 169 7.44 SWEDEN .................................................................................................................................................... 169


7.45 SWITZERLAND........................................................................................................................................... 169 7.46 TAIWAN..................................................................................................................................................... 170 7.47 THAILAND ................................................................................................................................................. 171 7.48 UAE ........................................................................................................................................................... 171 7.49 UKRAINE ................................................................................................................................................... 171 7.50 UNITED KINGDOM...................................................................................................................................... 172 7.51 USA ........................................................................................................................................................... 173 7.52 VENEZUELA............................................................................................................................................... 177

8. APPENDICES ................................................................................................................................................. 179 8.1 BACKGROUND COUNTRY INFORMATION..................................................................................... 179

Europe: Basic Demographics Line Lengths and Power Loading, by Country............................................................179 Europe: Basic Demographics, Line Lengths and Power Loading, by Country - continued........................................180 Europe: Basic Demographics, Line Lengths and Power Loading, by Country - continued........................................181 Africa: Basic Demographics, Line Lengths and Power Loading, by Country ............................................................182 Africa: Basic Demographics, Line Lengths and Power Loading, by Country - continued .........................................183 Africa: Basic Demographics, Line Lengths and Power Loading, by Country - continued .........................................184 Asia: Basic Demographics, Line Lengths and Power Loading, by Country...............................................................185 Asia: Basic Demographics, Line Lengths and Power Loading, by Country...............................................................186 Continued …….. ........................................................................................................................................................186 Asia: Basic Demographics and Power Loading, by Country - continued ...................................................................187 South America: Basic Demographics, Line Lengths and Power Loading, by Country ..............................................188 North & Central America & Caribbean: Basic Demographics, Line Lengths and Power Loading, by Country ........189 North & Central America & Caribbean: Basic Demographics, Line Lengths and Power Loading, by Country ........190 North & Central America & Caribbean: Basic Demographics and Power Loading, by Country - continued.............191 Oceania: Basic Demographics and Power Loading, by Country ................................................................................192

8.2 EXCHANGE RATES .............................................................................................................................. 193 Exchange Rates for Major Currencies against US Dollar 1998-2003.........................................................................193

8.3 MANUFACTURERS PRODUCTION ................................................................................................................ 195 Estimated Insulator Production Values and Employees per Company 2003 ..............................................................195 Estimated Bushings Production Values and Employees per Company 2003..............................................................203



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1. INTRODUCTION

1.1 OBJECTIVE AND SCOPE

The objective of this report is to provide a concise overview of the global high voltage insulator and bushings market for the period 2004 to 2010. The report gives an estimate of the value of high voltage insulator consumption and high voltage bushings consumption in each national market, broken down into; insulators made from glass, ceramic and composite materials, and bushings for transformers and switchgear. The data given are 1999 to 2003, actual market values and estimated 2004 to 2010 market values. For the purposes of this report the term high voltage insulator is used to describe electric insulators, for use in the electricity transmission and distribution industry, split into three main segments:

• Electric Insulators of glass

• Electric Insulators of ceramics

• Electric Insulators of composite material Bushings are divided by application and are split into three main segments:

• Bushings for Transformers

• Bushings for Switchgear

• Other Bushings The scope for this report is global - that is, every country having a significant high voltage insulator customer base. The report is designed to be used as a first-line planning tool by companies interested in the global market for insulators and insulator products and as a screen on which to identify national markets worthy of further investigation.


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1.2 METHODOLOGY

Data in the markets report are presented in millions of US dollars.

The survey was based primarily on desk research, including a review of available published production and trade statistics. Import and export figures are calculated from national and United Nations’ figures for 2003 - the most comprehensive and up-to-date statistics available. Market values are assumed to be equal to Production + (Imports - Exports). National production estimates are based on statistics provided by national governments and trade associations. They are also derived from an analysis of the size and location of known production plants. Market sizes for 2004 are estimated by analysing the pattern of market size growth over the period 1999-2003.

Market values are at factory gate prices - they reflect the prices for the products by the importer and do not include trade mark-ups and installation costs. It should be noted that published classifications of products, especially with respect to trade statistics, are sometimes inaccurate, as products may be shipped under generic titles.

It should also be noted that Goulden Reports chronicles shipments rather than contracts. A contract to supply goods over a number of years will not appear as a one-off event in a Goulden Reports publication, but rather will be recorded from the trade statistics. The nature of the market means that demand within countries, especially developing ones, can fluctuate greatly from year to year as purchases are often made on a one-off basis rather than spread evenly over a number of years.

Within national markets, where published figures were unavailable to us, the breakdown between different product categories is based on intelligence based on the pattern of consumption in the country concerned. In these cases the breakdown is made from an estimate of the total market size rather than the value of the entire market being calculated from the individual product categories.

Figures for non-UN countries are based on data obtained from individual countries and are consequently not necessarily comparable with UN-derived information. Clearly the report is only as accurate as the information upon which it draws - the sources are regarded as being the best and most comprehensive available.

There are no reliable production, import or export statistics for bushings and unlike insulators the purchasers are not electrical utility companies but are OEM (Original Equipment Manufacturers) companies producing transformers and switchgear. There is international trade in bushings but the vast majority of these products are imported and exported as integral parts of the finished products.

A percentage of the sales of insulators are hollow insulators that are used in the production of bushings. Some insulator manufacturers have vertically integrated production and do produce bushings, but the increasing trend is for insulators to be sold to bushings manufacturers, or transformer and switchgear manufacturers that produce bushings for their own consumption.

Therefore the markets for Bushings are calculated using a different methodology.


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For the purposes of this report the supply chain is less important than the end-market data. We have therefore compiled separate market estimates for insulators and bushings. A part of the market for insulators is derived from bushing manufacturers and our market estimates for insulators include this demand, but at insulator manufacturers factory gate prices. Separate to this we have provided estimates for the market for bushings, which is generally limited to those countries where transformers, switchgear and lightening arresters are produced.

We have recently produced two other world market reports:

The World Market for Transformers

The World Market for High Voltage Switchgear

Our estimates for the market for bushings are derived from these reports and the production of these products given in them. These estimates have been, where possible, cross checked against the production of insulators and the production of bushings.

The future market developments 2004 to 2010 have been assessed using three methods. Firstly, the published development plans of the electrical utility sector. Secondly, qualitatively by canvassing the views of market players; and thirdly by assessing the replacement markets that are developing as a result of retiring old plant and equipment.

The results of this analysis are produced in the following pages.


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1.3 SUMMARY

• The global market for High Voltage Insulators was valued at US$xxxxx million in 2003.

• The largest national market in 2003 was that of the USA, which was valued at US$xxxxx million and which accounted for over 17% of the overall world market.

• The second largest national market was that of China (US$xxxxx million) followed by the Germany (US$xxxxx million) and India (US$xxxxx million).

• The largest regional market for High Voltage Insulators in 2003 was Western Europe (US$xxx million) followed by North America (US$xxx million) and Far East (US$xxx million).

• During the period 1999 to 2003 most regions have shown a little growth of between 2 and 4% cagr. Western Europe, Eastern Europe and North America particularly have been static. Africa has shown highest growth of up to 12% cagr albeit on low volumes of business.

• We forecast that the Far East – headed by China - will show the greatest growth until 2010 with regional growth of 7.8% cagr expected. The Middle East will grow at up to 6.7% and Eastern Europe will exceed 5% growth.

• Global production of High Voltage Insulators is dominated by the xxxxxx with sales estimated to be US$xxx million in 2003 a global market share of 13%. xxx is followed by xxxx and xxxxx, each producing approximately US$xxx million. The top 6 producers have 36% market share.

• The world market for bushings is estimated to be worth US$xxx million in 2003 and will grow at 4.8% cagr between 2004 and 2010.

• The largest regional market for bushings is the Far East which is valued at US$xxxx million; followed by Western Europe at US$xxxx million.

• The largest national market in 2003 was China US$xxx million, followed by the USA US$xxx million and Germany US$xxx million.

• The largest producer of high voltage bushings in 2003 was xxxxx (including subsidiary companies) estimated to be producing US$xxxx million, 23% of the world market. The top 6 producers combined share 72% of the market.


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1.4 SUMMARY TABLES

Table 1

The Fastest Growing National Markets for High Voltage Insulators 1999 - 2004 (US$ thousand)

Country Market Size 2004 % Change 1999-2004

Malaysia 16.4

United Kingdom 10.4

Iran 8.9

Japan 8.1

Mexico 6.9

China 5.8

Ukraine 5.5

Belgium 4.7

Brazil 3.4

Spain 2.3

Source: Goulden Reports and United Nations

Note: Only countries with market sizes greater than US$20 million are included in this section. Smaller markets may display significantly larger percentage changes.


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Table 2

The Fastest Growing National Markets for High Voltage Bushings 1999 - 2004 (US$ Thousand)


Colombia 24.0

Israel 15.4

Ireland 15.0

Netherlands 12.6

Finland 11.9

Russia 10.8

Turkey 10.2

Hungary 9.3

Egypt 9.0

Austria 9.0




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Table 3

The Fastest Declining National Markets for High Voltage Insulators 1999 - 2004 (US$ Thousand)


Indonesia -8.8

Portugal -8.2

Czech Rep. -7.8

Korea -6.1

Argentina -5.1

France -4.2

Switzerland -2.9

Taiwan -1.0

Italy -1.0

Hungary -0.7




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Table 4

The Fastest Declining National Markets for High Voltage Bushings 1999 - 2004 (US$ Thousand)


Norway -16.5

Korea, South -15.4

Argentina -11.1

Australia -9.9

Portugal -9.5

Mexico -8.7

USA -6.1

Japan -5.0

South Africa -3.7

Sweden -2.9




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Table 5

The Largest National Markets for High Voltage Insulators, 2003 (US$ Thousands)

Country Market Size 2003

USA

China

Germany

India

Japan

Switzerland

Brazil

Russia

France

Mexico


Table 6

The Largest National Markets for High Voltage Glass Insulators, 2003 (US$ Thousand)


Spain

France

Brazil

Russia

Romania

Italy

China

USA

Ukraine

Taiwan



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Table 7

The Largest National Markets for High Voltage Ceramic Insulators, 2003 (US$ Thousand)


USA

China

Germany

India

Japan

Italy

Brazil

France

Korea

Austria


Table 8

The Largest National Markets for High Voltage Composite Insulators, 2003 (US$ Thousand)


USA

Switzerland

Japan

Canada

Germany

Mexico

China

Russia

India

Austria



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Table 9

The Largest National Markets for High Voltage Bushings, 2003 (US$ Thousand)


China

USA

Germany

Japan

France

Italy

Canada

Brazil

UK

Mexico


Table 10

The Largest National Markets for High Voltage Transformer Bushings, 2003 (US$ Thousand)


China

USA

Germany

Japan

Italy

Canada

France

Russia

Brazil

India



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Table 11

The Largest National Markets for High Voltage Switchgear Bushings, 2003 (US$ Thousand)


USA

Germany

Japan

China

France

UK

Mexico

Italy

India

Korea, South


Table 12

The Largest National Markets for High Voltage Bushings - Other, 2003 (US$ Thousand)


China

USA

Germany

Japan

France

Italy

Canada

Brazil

UK

Russia



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2. THE WORLD MARKET

Table 13

The World Market for High Voltage Insulators, by Region, 1999 – 2004 (US$ Million)

Region 1999 2000 2001 2002 2003 2004

Western Europe

Eastern Europe

Former USSR

North Africa

West Africa

Central & Eastern Africa

Southern Africa

Middle East

South Asia

Far East

South America

Central America & Carribean

North America

Oceania

Total



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Table 14

The World Market for High Voltage Insulators, by Region, 2004 – 2010 (US$ Million)

Region 2004 2010 Annual Average Growth

Western Europe

Eastern Europe

Former USSR

North Africa

West Africa


Southern Africa

Middle East

South Asia

Far East

South America


North America

Oceania

World Total



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Table 15

The World Market for High Voltage Insulators, by Region, by Product, 2003 (US$ Million)

Region Glass Ceramic Composite Total

Western Europe

Eastern Europe

Former USSR

North Africa

West Africa


Southern Africa

Middle East

South Asia

Far East

South America


North America

Oceania

World Total



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Table 16

The World Market for High Voltage Bushings, by Region, 1999 – 2004 (US$ Million)

Region 1999 2000 2001 2002 2003 2004

Western Europe

Eastern Europe

Former USSR

Africa

Middle East

South Asia

Far East

South America


North America

Oceania

World Total



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Table 17

The World Market for High Voltage Bushings, by Region, 2004 – 2010 (US$ Million)

Region 2004 2010 Annual Average Growth

Western Europe

Eastern Europe

Former USSR

Africa

Middle East

South Asia

Far East

South America


North America

Oceania

World Total



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Table 18

The World Market for High Voltage Bushings, by Region, by Product, 2003 (US$ Million)

Region Transformer

Bushings

Switchgear

Bushings

Other

Bushings

Total

Western Europe

Eastern Europe

Former USSR

Africa

Middle East

South Asia

Far East

South America


North America

Oceania

World Total


Documents

The World Market for HV Insulators & Bushings 2004 - 2010