Ring Main Unit Market - Global Industry Shares, Market Strategies and Key Players 2019-2025

The Infinium Global Research analyzes the Ring Main Unit Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global ring main unit market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of ring main unit. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the ring main unit market during the period. The global ring main unit market is projected to grow at a CAGR of 7.9% over the forecast period of 2019-2025.

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Rise in Energy Consumption Across the Globe is Boosting the Ring Main Unit Market

The factors such as modernization in existing power infrastructure, ongoing government initiatives toward the expansion of existing grid networks, and increasing demand for renewable energy are driving the ring main unit market. Further, the rise in energy consumption across the globe is boosting the ring main unit market. However, declining energy costs are restraining the market. The development in the renewable energy sector is anticipated to provide growth opportunities to the market players.

Ring Main Unit Market: Segmentation

The global ring main unit market is segmented on the basis of type, installation, and applications. On the basis of type, the market is segmented into gas insulated, air insulated, oil insulated, and solid dielectric material. Based on the installation, the market is segmented into outdoor and indoor. The indoor segment holds the large market share owing to continuing upgradation and development of existing electric substation infrastructure. By applications, the sub-markets include distribution utilities, industrial and commercial. The distribution utility segment holds a large market share due to ongoing utility-based establishments to cater to the increasingly urban and rural electricity demand.

Asia-Pacific Holds the Largest Market Share of the Global Ring Main Unit Market

Among the regions, Asia-Pacific holds the largest market share of the global ring main unit market followed by Europe. The rapid commercialization and investments across the industrial and utility-based electrification systems are driving the growth of the market in the Asia-Pacific region. Europe is the second largest market for the ring main unit market due to increasing electricity demand along with technological advancement.

Ring Main Unit Market: Competitive Analysis

Some of the industry participants of the global ring main unit market are ABB, Schneider Electric SE, Eaton Corporation, PLC, Siemens AG, General Electric Company, Lucy Electric Limited, Larsen & Toubro Limited, Yokogawa Electric Corporation, SwitchGear Company, and EPE Switchgear (M) Sdn. Bhd. Among the others. Recently, ABB launches a Medium voltage (MV) metal enclosed ring main unit (RMU) suitable for outdoor conditions. The SafeLink CB is an outdoor RMU is appropriate for rural and urban distribution applications up to 13,8kV. The product is unique in terms of the number of features and value it offers. The product making it the ideal choice for various applications such as utility distribution networks, hotels, shopping centers, office buildings, airports, hospitals, tunnels, and underground railways.

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Reasons to Buy this Report:

• Comprehensive analysis of global as well as regional markets of the ring main unit.
• Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
• Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.