Ring Main Unit Market Dynamics, Historical Overview, Upcoming Opportunities, Size, Share, Growth, Statistics, Scope Analysis, Challenges and Regional Forecast To 2023

“Ring Main Unit Market”
The global ring main unit market is projected to grow at a CAGR of 8.4% from 2017 to 2023, to reach the market size of USD 2.65 billion by 2023. Ring Main Unit Market Information by Type (Oil Insulated, Gas Insulated, Air Insulated and Solid Dielectric), by Installation (Indoor and Outdoor), Application (Distribution Utilities, Industrial and Commercial) and by Region – Global Forecast to 2023

Ring Main Unit Market Scenario

Ring main unit (RMU) is used in a secondary distribution system. It is basically used for an uninterrupted power supply. It is used for medium voltage distribution in compact substations, small buildings, residential housing complex etc. Increase in demand of electricity across the globe, is the primary driving factor of ring main unit market. Additionally, rising demand for renewable energy is also fueling the demand of ring main unit (RMU). However, the cost of ring main units being higher than conventional switchgears is the restraining factor that may hamper the growth of global ring main unit market.

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Ring Main Unit Industry Segmentation

The global ring main unit market is segmented on the basis of type, installation, application and region.

Based on type, the global market is classified into oil insulated, gas insulated, air insulated and solid dielectric.

Based on installation, the industry is segmented into indoor and outdoor.

Based on application, the market is further classified into distribution utilities, industrial and commercial.

Regional Analysis of Global Ring Main Unit Market

Geographically, the global ring main unit market is segmented has been North America, Europe, Asia-Pacific and Rest of the World.

Asia-Pacific dominates the global ring main unit market followed by Europe. Rapid expansions in industrialization as well as the growing renewable sector in this region, increase the demand of ring main unit market. This region is expected to grow at the fastest pace during the forecast period. Europe is another important market and is expected to contribute significantly during the forecast period mainly due to upgrading the existing infrastructure.

Competitive Dashboard

The key players of global ring main unit market are ABB Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), General Electric Company (U.S.), Lucy Electric Limited (U.K.), L&T (India), Yokogawa Electric Corporation (Japan), SwitchGear Company (Belgium) and EPE Switchgear (M) Sdn. Bhd. (Malaysia).

Target Audience

  • Manufacturing Organizations
  • Distributors & Suppliers
  • Environmental Associations
  • Government as well as Independent Regulatory Authorities
  • Research Institute / Education Institute
  • Potential Investors

Table Of Contents

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Ring Main Unit Market, By Type

4.1 Oil Insulated

4.2 Gas Insulated

4.3 Air Insulated

4.4 Solid Dielectric

5 Global Ring Main Unit Market, By Installation

5.1 Introduction

5.2 Indoor

5.3 Outdoor

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LIST OF FIGURES

Figure 1 Research Installation

Figure 2 Global Ring Main Unit Market: By Type (%)

Figure 3 Global Ring Main Unit Market: By Installation (%)

Figure 4 Global Ring Main Unit Market: By Application (%)

Figure 5 Global Ring Main Unit Market: By Region

Figure 6 North America Ring Main Unit Market, By Type (%)

Figure 7 North America Ring Main Unit Market, By Installation (%)

Figure 8 North America Ring Main Unit Market, By Application (%)

Figure 9 Europe Ring Main Unit Market, By Type (%)

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