Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on ring main
unit market provides an in-depth analysis of segments and sub-segments in the
global as well as regional ring main unit market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
ring main unit market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global ring
main unit market. According to the report, the global ring main unit market is projected
to grow at a CAGR of 7.9% over the forecast period of 2019-2025.
Ring Main Unit (RMU) is completely sealed, gas-insulated and
consists of panels that are used as two sources of power at the same metering
point for consumers. Remote operations and status monitoring RMU’s are the key
trends in the ring main unit. It provides safe on-load operation, easy network
handling, network flexibility, quick supply restoration, continuous power
supply. 10-position ring main unit is the new latest version of ring main
units. It is used in various applications such as distribution utilities,
industries, infrastructure, and transportation. Increasing the use of secondary
distribution networks, renewable energy are the major key factors driving the
market.
The rise in power consumption and modernization in existing power
infrastructure are the major growth factors of the ring main unit market.
Furthermore, factors such as capacity addition and enhancement plans for
distribution networks, ongoing government initiatives toward the expansion of
existing grid networks are also driving the market growth. Increasing demand
for renewable energy is fueling the growth of the market. The demand of ring
main unit is increasing due to its application in compact secondary
substations, wind power plants, solar power plants, small industries, hotels,
office buildings, residential housing complex, shopping centers, etc. However,
the high cost of RMU as compared to conventional switchgear is restraining the
growth of the market. Moreover, developing the renewable energy sector is
anticipated to provide growth opportunities to the market players.
Geographically, Asia-Pacific dominates the global ring main unit
market due to rapid commercialization and investments across the industrial and
utility-based electrification systems. The demand for ring main unit is rising
due to the growing renewable sector in this region. The countries such as China
and India drive Asia-Pacific ring main unit market due to the rising demand for
electricity in this region. Europe is the second-largest market for the ring
main unit market. Increasing electricity demand along with technological
advancement drives the ring main unit market in the Europe region.
The report on the global ring main unit market covers segments such as
type, installation, and applications. On the basis of type, the sub-markets
include gas insulated, air insulated, oil insulated, and solid dielectric
material. On the basis of installation, the sub-markets include outdoor, and
indoor. On the basis of applications, the sub-markets include distribution
utility, industrial, and commercial.
The report provides profiles of the companies in the market such
as ABB, Schneider Electric SE, Eaton Corporation, PLC, Siemens AG, General
Electric Company, Lucy Electric Limited, Larsen & Toubro Limited, Yokogawa
Electric Corporation, SwitchGear Company, EPE Switchgear (M) Sdn. Bhd., and
other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of ring main unit
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.
Please Choose One of them.