Press release
Ring Main Unit Market - Growth & Demand Statistics 2025
Global Ring Main Unit Market: Overview
For a distribution network that constitutes a number of ring shaped grids, the ring main unit (RMU) acts a variant of switchgear and works at a nominal system voltage of 11KV. Since these are dangerous and essential switch devices in a distribution network that aids in supplying power from back-up system in case a hindrance in main supply source. RMU are used by delivery transformers to measure, meter, and provide uninterrupted power supply and are vital for ensuring consistency of a grid system. With rapid urbanization across the world, the demand for consistent power supply and conservation is mounting. Consequently, the demand in the global ring main unit market is expected to increment at a robust rate during the forecast period of 2017 to 2025.
Request Sample Copy of the Report @
https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2504
Global Ring Main Unit Market: Key Trends
Across several countries, modernization of existing power infrastructure is underway, and increased emphasis is now being given to increasing the capacity as well as enhance the distribution network in order to meet the escalating demands. This are the primary factors driving the demand in the global market for ring main unit. Moreover, in order to ensure uninterrupted power supply, a number of end-use industries are installing ring main units as secondary distribution source. This factor is also expected to favor the demand for ring main unit in the near future. On the other hand, preference of conventional switchgears for lower cost than ring main units is hampering the market from achieving its true potential.
On the basis of type, the global ring main unit market can be segmented into gas insulated, oil insulated, solid dielectric insulated, and air insulated. In current scenario, has insulated ring main unit segment has the maximum demand, owing to its applications in railway systems, power grids, wind power plants, mining, and underground installations. Gas insulated ring main units are easily integrated with the existing system. Application-wise, the distribution utilities segment is most lucrative in comparison to industries or infrastructure and transportation.
Request TOC of the Report @
https://www.tmrresearch.com/sample/sample?flag=T&rep_id=2504
Global Ring Main Unit Market: Market Potential
Across several developed and developing countries, owing to growing pollution concerns, the emphasis on renewable energy is escalating, and those governments are offering favorable mandates. RMUs are now frequently integrated with in solar power plant and help in minimizing power losses as well as enhance safety with reduced cable lengths. This development is expected to open new opportunities for the vendors operating in the global ring main unit market.
Global Ring Main Unit Market: Regional Outlook
Asia Pacific and Europe two most lucrative regions for the vendors operating in the ring main unit market. In Asia Pacific, India and China are the leading country-wide markets due to increasing demand to electrify rural areas, increasing power capacity of power plants, and implementation of smart grids. Japan leads among the Southeast Asian countries, strategically expanding their power facilities to establish an active distribution network. Countries such as Malaysia, Vietnam, and Indonesia are also posed to expand the demand for ring main unit.
The demand in European ring main unit market is driven by incremented focus on renewable energy. European Unions’ energy directive, which requires the members to achieve at least 20% of the demand from renewable sources, has gone a long way in advancing and producing energy in the region. As the directive requires the EU members to ensure at least 27% of energy consumption from renewable sources by 2030, Europe is expected to turn into one of the most profitable region for ring main unit market players towards the end of the forecast period.
Read Comprehensive Overview of Report @
https://www.tmrresearch.com/ring-main-unit-market
Global Ring Main Unit Market: Competitive Landscape
Honeywell, Siemens, ABB, General Electric, Eaton, Schneider Electric, Larsen & Toubro, Entec, LSIS, Lucy Electric, Ormazabal, Toshiba, Yashmun, Tiepco, Yokogawa Electric, Azbil, NovaTech Process, and Rockwell Automation are some of the leading companies currently operating in the global ring main unit market.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
Email: sales@tmrresearch.com
For a distribution network that constitutes a number of ring shaped grids, the ring main unit (RMU) acts a variant of switchgear and works at a nominal system voltage of 11KV. Since these are dangerous and essential switch devices in a distribution network that aids in supplying power from back-up system in case a hindrance in main supply source. RMU are used by delivery transformers to measure, meter, and provide uninterrupted power supply and are vital for ensuring consistency of a grid system. With rapid urbanization across the world, the demand for consistent power supply and conservation is mounting. Consequently, the demand in the global ring main unit market is expected to increment at a robust rate during the forecast period of 2017 to 2025.
Request Sample Copy of the Report @
https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2504
Global Ring Main Unit Market: Key Trends
Across several countries, modernization of existing power infrastructure is underway, and increased emphasis is now being given to increasing the capacity as well as enhance the distribution network in order to meet the escalating demands. This are the primary factors driving the demand in the global market for ring main unit. Moreover, in order to ensure uninterrupted power supply, a number of end-use industries are installing ring main units as secondary distribution source. This factor is also expected to favor the demand for ring main unit in the near future. On the other hand, preference of conventional switchgears for lower cost than ring main units is hampering the market from achieving its true potential.
On the basis of type, the global ring main unit market can be segmented into gas insulated, oil insulated, solid dielectric insulated, and air insulated. In current scenario, has insulated ring main unit segment has the maximum demand, owing to its applications in railway systems, power grids, wind power plants, mining, and underground installations. Gas insulated ring main units are easily integrated with the existing system. Application-wise, the distribution utilities segment is most lucrative in comparison to industries or infrastructure and transportation.
Request TOC of the Report @
https://www.tmrresearch.com/sample/sample?flag=T&rep_id=2504
Global Ring Main Unit Market: Market Potential
Across several developed and developing countries, owing to growing pollution concerns, the emphasis on renewable energy is escalating, and those governments are offering favorable mandates. RMUs are now frequently integrated with in solar power plant and help in minimizing power losses as well as enhance safety with reduced cable lengths. This development is expected to open new opportunities for the vendors operating in the global ring main unit market.
Global Ring Main Unit Market: Regional Outlook
Asia Pacific and Europe two most lucrative regions for the vendors operating in the ring main unit market. In Asia Pacific, India and China are the leading country-wide markets due to increasing demand to electrify rural areas, increasing power capacity of power plants, and implementation of smart grids. Japan leads among the Southeast Asian countries, strategically expanding their power facilities to establish an active distribution network. Countries such as Malaysia, Vietnam, and Indonesia are also posed to expand the demand for ring main unit.
The demand in European ring main unit market is driven by incremented focus on renewable energy. European Unions’ energy directive, which requires the members to achieve at least 20% of the demand from renewable sources, has gone a long way in advancing and producing energy in the region. As the directive requires the EU members to ensure at least 27% of energy consumption from renewable sources by 2030, Europe is expected to turn into one of the most profitable region for ring main unit market players towards the end of the forecast period.
Read Comprehensive Overview of Report @
https://www.tmrresearch.com/ring-main-unit-market
Global Ring Main Unit Market: Competitive Landscape
Honeywell, Siemens, ABB, General Electric, Eaton, Schneider Electric, Larsen & Toubro, Entec, LSIS, Lucy Electric, Ormazabal, Toshiba, Yashmun, Tiepco, Yokogawa Electric, Azbil, NovaTech Process, and Rockwell Automation are some of the leading companies currently operating in the global ring main unit market.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
Email: sales@tmrresearch.com
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
