The global ring main unit market is estimated to be USD 1.64 Billion in 2017, and is expected to grow at a CAGR of 8.35% from 2017 to 2022. Increasing smart distribution networks and power generation capacity addition & enhancement plans for distribution networks are major factors driving the ring main unit market.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the ring main unit market. These players include ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), and General Electric Company (U.S.). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share. In June 2017, ABB has launched ZX2 AirPlus which will be used for primary power distribution. Also in May 2017, Qatar General Water & Electricity Corporation (Kahramaa) has signed a contract for 8DJH switchgear will be used as ring main units (RMU)
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Scope of the Report:
By Type
• Gas Insulated
• Air Insulated
• Oil Insulated
• Solid Dielectric Insulated
By Installation
• Outdoor
• Indoor
By Application
• Distribution Utilities
• Industries
• Infrastructure and Transportation
By Region
• Asia-Pacific
• Europe
• North America
• Middle East
• South America
• Africa
Browse 68 market data tables and 91 figures spread through 147 pages and in-depth TOC on "Ring Main Unit Market - Global Forecast to 2022"
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Growing modernization of existing power infrastructure to drive the global ring main unit demand close to USD 2,454.4 million by 2022
Ring main units are switching devices employed in the ring circuits of secondary distribution networks. These devices ensure the maximized protection of circuits and other equipment connected to them. The main advantage of ring main units is that they can be connected to multiple power sources for uninterrupted power supply. These devices are available with various insulating media, subject to demand from consumers.
The global ring main unit market size is projected to reach USD 2,454.4 Million by 2022, largely due to increasing modernization of power infrastructure, growing activities in capacity addition and enhancement plans for distribution networks. Ongoing smart distribution network investments and developments by many countries are likely to propel the growth of the ring main unit in the long-term forecast.
High cost compared to conventional switch gear could hamper the growth of the market
Many utilities and distribution centres around the world prefer switchgears over ring main units due to their low cost. Ring main units are kind of switchgears with added protection for consumers and loads connected to it. Conventional switchgear offers the same switching properties as ring main units but lack in safety and power security. Additionally, they increase the overall use of distribution cables and lines in ring or mesh networks. Ring main units have the added benefits of supply from two sources and lowered expenditure on cables and lines. The cost barrier restraints the growth of ring main units market with users inclined towards employing conventional switching solutions.
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Objectives of the Study
• To define, describe, and forecast the global ring main unit market by type, installation, application, and region
• To provide detailed information regarding major factors influencing the growth of the ring main unit market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the ring main unit market with respect to individual growth trends, future prospects, and contribution of each segment to the market
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions, in the ring main unit market
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