Press release
Global Ring Main Unit Market Size to Grow at a CAGR of 8.4% till 2023 with Key Players: Eaton, PLC , Siemens AG, General Electric Company, Lucy Electric Ltd., L&T and Yokogawa Electric Corp.
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 (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 fuelling 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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Segmental Analysis
The segmental analysis of the ring main unit market has been carried out the basis of type, installation, application and region
On the basis of type, the global ring main unit market is segmented into oil insulated, gas insulated, air insulated and solid dielectric.
On the basis of installation, the global ring main unit market is segmented into indoor and outdoor.
By Application, the market is segmented into distribution utilities, industrial and commercial.
By regions, the Ring Main industry is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Regional Analysis of Global Ring Main Unit Market
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.
Key Players
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
Browse Complete Research Report @ https://www.marketresearchfuture.com/reports/ring-main-unit-market-2802
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
6 Global Ring Main Unit Market, By Application
6.1 Introduction
6.2 Distribution Utilities
6.3 Industrial
6.4 Commercial
Continue…..
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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 fuelling 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.
Request Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2802
Segmental Analysis
The segmental analysis of the ring main unit market has been carried out the basis of type, installation, application and region
On the basis of type, the global ring main unit market is segmented into oil insulated, gas insulated, air insulated and solid dielectric.
On the basis of installation, the global ring main unit market is segmented into indoor and outdoor.
By Application, the market is segmented into distribution utilities, industrial and commercial.
By regions, the Ring Main industry is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Regional Analysis of Global Ring Main Unit Market
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.
Key Players
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
Browse Complete Research Report @ https://www.marketresearchfuture.com/reports/ring-main-unit-market-2802
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
6 Global Ring Main Unit Market, By Application
6.1 Introduction
6.2 Distribution Utilities
6.3 Industrial
6.4 Commercial
Continue…..
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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