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Ring Main Unit Market by Type, Installation, Application, and by Region - Global Forecast to 2022

Ring Main Unit Market: Global Forecast until 2022

  • April 2017
  • 157 pages
  • ID: 4883662
In this report:
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"The ring main unit market is estimated to rise at a compound annual growth rate of ~8.4 percent between 2017 and 2022"

The ring main unit market is estimated to grow ~$2.5B by 2022, at a compound annual growth rate of ~8.4 percent between 2017 and 2022. Modernization of existing power infrastructure and capacity addition & enhancement plans for distribution networks have been boosting the market demand for ring main units. Additionally, end-user sectors are deploying ring main units in secondary distribution networks for uninterrupted power supply. The high cost of ring main units as distinguished to conventional switchgear is a main aspect restraining the rise of the ring main unit market.

"The gas insulated segment is anticipated to grow at the highest CAGR (Compound annual growth rate) between 2017 and 2022"

Established on the type of ring main unit, the gas insulated segment is forecasted to be the most important and quickest increasing market between 2017 and 2022. The applications of gas insulated ring main unit contain railway systems, wind power plants, power grids, underground installations, and mining applications. The gas insulated ring main unit is compact in size and has better functionality compared to other ring main units, thereby, driving the gas insulated ring main unit market.

"The distribution utilities segment is forecasted to dominate the ring main unit market between 2017 and 2022"

The distribution utilities segment is the biggest application market. Ring main units are extensively used by firms for secondary distribution networks and to protect their critical instruments. Furthermore, this industry segment is expected to display the highest compound annual growth rate (CAGR) between 2017 and 2022. The usage of ring main units for integrated distributed generation with the central grid is likely to drive the distribution utilities market.

"Asia-Pac: The biggest market for ring main unit"

Asia Pacific (APAC) is currently the biggest market for ring main unit, succeeded by Europe (EU) and North America continent. The APAC market is influenced by power generation capacity addition and enhancement plans for distribution networks in the area. The sector in the Asia Pacific (APAC) area is expected to grow at the quickest rate, with China (CN) anticipated to dominate the industry. The Southeast Asian countries, including Vietnam and Malaysia (MY), are driving the sector in the territory. Meanwhile, rural electrification and smart cities are the top increase drivers of the Indian ring main unit market.

BREAKDOWN OF PRIMARIES:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 14.0 percent, Tier 2 57.0 percent, Tier 3 29.0 percent

By Designation: C-Level- 14.0 percent, D-Level- 14.0 percent, Others- 72.0 percent

By area: Asia-pac- 43%, North america (NA)- 29%, Europe- 14.0 percent, Rest of the World- 14.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue; as of 2015: Tier 1 = >USD 10 billion, Tier 2 = $1.0B to $10.0B, and Tier 3 =

The key players in the ring main unit market contain ABB, Limited, Schneider Electric (SU), Eaton (NYSE:ETN), PLC, Siemens (SIA), and General Electric (NYSE:GE).

Segment Research

The market research defines, depicts, and forecasts the overall ring main unit market by category, installation, application, and area. It also provides a in-depth qualitative and quantitative analysis of the market. The industry report offers a comprehensive analysis of major market drivers, industry restraints, possibilities, and opportunities. It also includes different important aspects of the market.

Why acquire this industry report?

1. The study determines and addresses main markets for ring main unit, which would help providers review the rise in the industry demand for the product.

2. The analysis benefits solution providers distinguish the pulse of the sector, and offers business insights into drivers, market restraints, alternatives, and opportunities.

3. The market research will facilitate top players comprehend the strategies of their competitors better, and will benefit in making tactical conclusions.

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