The report "Ring Main Unit Market by Type (Gas Insulated, Air Insulated, Oil Insulated, & Solid Dielectric Insulated), by Application (Distribution Utilities, Industries, and Infrastructure & Transportation), & by Region - Global Trends & Forecasts to 2020" , defines and segments the global ring main unit market with an analysis and forecast of the market size.
The ring main unit market is expected to reach USD 2.03 Billion by 2020, at a CAGR of 8.23% from 2015 to 2020. Asia-Pacific is estimated to be the largest ring main unit market in 2015, and is expected to have the highest growth during the forecast period. This growth is attributed to growing demand for electricity and power generation capacity additions. Furthermore, Southeast Asian countries are planning to enhance their power infrastructure to incorporate the additional demand and have a robust distribution network.
Europe is expected to be the second largest market, after Asia-Pacific, because of the use of ring main unit in the renewable sector. Increasing focus on renewable generation is one of the major factors driving the growth of the ring main unit market in the region.

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Distribution utilities application segment to register the highest growth
The research segment led the superconducting wire market in 2015, and is projected to dominate the market during the forecast period. The energy application segment is estimated to have a lesser market share than research application segment in 2016 but projected to surpass the research application segment during the forecast period. This segment is primarily driven by the use of superconductors in a wide range of equipment such as transformers, cables, generators, energy storage, and grid protection, and is expected to create new revenue pockets for the superconducting wire market during the forecast period.
Gas insulated ring main unit segment is expected to lead the market
The applications of gas insulated ring main unit include power grids, wind power plants, railway systems, underground installations, and mining applications. It is the largest segment, by type, for the ring main unit market. Increasing power consumption in Asia-Pacific requires secure and reliable source of power supply, which in turn is likely to drive the gas insulated ring main unit market. Gas insulated ring main unit can be easily integrated with an existing system. Moreover, these ring main units have SF6 as insulation medium, which is enclosed in a tank. All these factors are expected to boost the gas insulated ring main unit market.

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Asia-Pacific is a key market for ring main unit
Asia-Pacific is the largest and fastest growing ring main unit market. China and India are the largest markets in the region. This growth is attributed to capacity additions, adoption of smart grids, and rural electrification. Apart from China and India, countries such as Japan, and other South Asian countries are also growing at high rates. Countries such as Vietnam and Malaysia are having high growth prospects in the Asia-Pacific ring main unit market. Increasing focus on renewable power generation is likely to further boost the demand for the ring main unit market the region.
To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the ring main unit market, namely, ABB Ltd. (Switzerland), Eaton Corporation Plc. (Ireland), General Electric Company (U.S.), Schneider Electric SE (France), and Siemens AG (Germany). These companies have been the most active in terms of strategic developments from January 2012 to November 2015. Most of these market players are present in Europe and have been actively participating in competitive developments.
Stakeholders:
This report includes the following stakeholders:
• RMU Manufacturers - These include ABB Ltd. (Switzerland), Eaton Corporation Plc. (Ireland), General Electric Company (U.S.), Schneider Electric SE (France), and Siemens AG (Germany)
• End-Users– These include distribution utilities, industries, and infrastructure & transportation
• State and national regulatory authorities
• Builders and contractors
• Government and industry associations
• State or government owned corporations
Market Ecosystem:
The ring main unit market starts with raw material suppliers, which include electronic/electrical components and precision metal works such as metals, sensors, insulators, micro-processors, among others. In the later stage, manufacturing of ring main units takes place where all raw materials are assembled. These devices are then distributed to distribution utilities, industries, and T&D companies.

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