World demand to rise 6.7% annually through 2017 Global demand for electric transmission and distribution equipment is forecast to rise 6.7 percent per year to nearly $178 billion in 2017. Sales growth will accelerate relative to the 2007-2012 period, aided by both continued strong growth in electricity consumption in developing regions and economic recovery in developed countries. China, which accounted for 32 percent of global demand in 2012, will continue to be the largest and fastest growing national market for electric transmission and distribution equipment. Offshore wind turbines to boost niche market demand Offshore wind power installations are becoming increasingly …
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