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Ring Main Unit Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Ring main unit is a gas-insulated compact switchgear unit that plays an important role in secondary distribution substations. It is used to provide uninterrupted power supply by making a ring of power supply so that in case of failure of the first source of power supply, power can be supplied with the help of the second source. It is preferable over conventional switchgears owing to various properties such as high flexibility, enhanced safety, and less maintenance charges.

The global ring main unit market can be segmented based on type, application, and region. In terms of type, the ring main unit market can be divided into gas, air, oil, and solid dielectric. Gas insulated ring main unit is expected to be the major type segment of the ring main unit market during the forecast period owing to its properties such as high insulating capacity, easy integration with existing system, and minimum floor space. It is primarily used in power grids, railway systems, wind power plant, etc. In terms of type, the ring main unit market can be classified into distribution utilities, industries, and infrastructure & transportation, and others.

The ring main unit market is anticipated to expand significantly during the forecast period due to the increase in demand for these units in the distribution utilities application segment. Demand for electricity and capacity addition has been rising by the day in developing regions such as Asia Pacific owing to this demand for ring main unit is increases in distribution utilities in order to provide uninterrupted power supply to meet the rising demand. Demand for reliable and secure source of power supply is also anticipated to boost the demand for ring main units in power generation during the forecast period. Rise in demand for ring main unit in smart grids is also estimated to drive the overall market for ring main unit during the forecast period. Ring main unit can be used to optimize network performance, improved energy availability, etc. in smart grids. Furthermore, rise in demand for ring main unit in renewable power generation for minimizing power loss is projected to play a significant role in augmenting the demand for ring main unit during the forecast period.

In terms of region, the ring main unit market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is likely to dominate the global ring main unit market, followed by North America and Europe, during the forecast period. Increase in demand for electricity and rise in government initiatives for capacity addition and rural electrification are anticipated to boost the overall market in Asia Pacific during the forecast period. The ring main unit market in North America and Europe is estimated to expand significantly during the forecast period due to the increase in focus on the renewable sector in these regions. The ring main unit market in Middle East & Africa and Latin America is also projected to expand at a rapid pace in the near future.

Companies are adopting merger and acquisition strategies to expand their market share. Furthermore, they are shifting their production facilities to emerging economies in Asia Pacific and Latin America due to the easy availability of land, cheap labor, and governmental subsidies in these regions. Key players operating in the global ring main unit market include Eaton, Schneider Electric, LARSEN & TOUBRO LIMITED, Ltd., EPE Power Switchgear Sdn. Bhd., OTDS UK Ltd., General Electric Company, ABB, Ltd., and SEL S.p.A.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


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