New Report Concludes Japanese Electric Market Showing Tentative Signs of Recovery

StatPlan Energy forecasts growth in demand for transformer, cable and wire, metering, towers and poles, insulators and spacers & dampers product segments.

A new report "Japan Electric Industry Country Profile 2014" analyses the current utility market in Japan and concludes the following drivers are encouraging for the sector despite a fragile global economy:

-          Some utilities likely to switch on nuclear reactors again, returning the companies to profit

-          Japanese determination to maximise the Smart Communications opportunity

-          “Abenomics”, the stimulus and fiscal spending measures introduced in 2013 by Prime Minister Shinzo Abe, being regarded as a positive influence although as with other economies the rewards may be slow to arrive.

“Japanese electrical goods manufacturers have worked hard at export initiatives in recent years, as economic the impact of Fukushima hit home, taking utilities into the red as they faced escalating fuel costs. In the next few years we anticipate an opportunity to refocus on their home market” said StatPlan director David Dower. “We may be ahead of the game compared to other forecasters, but the key combination of smart communications and a return to nuclear generation offers interesting possibilities in the next five years”.

Details of how to purchase "Japan: Electric Industry Profile 2014" can be found at www.statplanenergy.com. This report provides detailed assessment of Japanese electrical infrastructure (generation, transmission and distribution), key product demand and background economic factors influencing the sector. This is the first in a series of country reviews to be published over the coming months.

STATPLANPR18/02/14

Notes to Editors: StatPlan is a market research and publishing company specialising in the energy industry, especially electricity, and associated industries around the world. It publishes a range of reports, forecasts and databases and offers ad hoc consultancy for the energy sector. Clients include many of the world’s leading management consultancies, investment institutions and manufacturers.

For further press information, contact: David Dower, Director, StatPlan Energy Limited.  Office: +44 1404 831186   Mobile: +44 7919 403251. E-mail: d.dower@statplanenergyresearch.com

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