According to a recent study published by Newton-Evans Research, the “Mid-2013 Assessment and Outlook for the North American Market for HV and MV Instrument Transformers,” the manufacturing of HV IT equipment has a high “concentration ratio” of suppliers. MV IT equipment manufacturing is less concentrated, and the market is supplied by several participants.
Of the key North American IT equipment manufacturers, only ABB participates to a significant extent in both the HV and MV segments. ABB is the clear market segment leader in MV IT shipment values, and is growing to become a significant player in the HV IT segment in North America. One competitor did state that in their opinion, most of ABB’s HV IT shipments to U.S. and Canadian customers are still in sub-transmission and lower HV ranges. ITEC believes its own business will grow nicely with planned new HV offerings in the 230kV range.
Overall, the IT sub-industry group of firms is positive regarding the outlook for IT equipment sales as the deployment of substation automation devices, including more relays and additional substation meters, continues to increase. Utility personnel and T&D engineering consultants we talked with also believe that the IT market is growing nicely, thanks to increases in transmission expenditures and the expansion of renewable energy facilities.
The full 14 page report is available for $575 on our reports page (scroll down to “Mid-2013 Assessment and Outlook for the North American Market for HV and MV Instrument Transformers”)