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
uninterrupted supply of power. It is used for medium voltage distribution in
compact substations, small buildings, residential housing complex etc. Rising investment in smart grid projects and
commissioning of restructuring and expansion projects are driving the demand of
ring main unit market.
Global Ring Main Unit Industry Segmentation
The report has
been analyzed based on types, installation, applications, and regions.
On the basis of applications,
the global ring main unit market is segmented into distribution utilities,
industrial and commercial. Distribution utilities dominate the application
segment of the global ring main unit market. To meet the growing power demand,
investments in the power sector are increasing, which ultimately drives the
demand of ring main unit market.
On the basis of installation,
global ring main unit market is segmented as indoor and outdoor, out of which, outdoor
dominates the installation segment of global ring main unit market mainly due
to increasing its usage in underground installations, power grids, and mining.
On the basis of types,
global ring main unit market is segmented into oil insulated, gas insulated,
air insulated and solid dielectric. Out of them, gas insulated ring main unit dominates
the type segment of global ring main unit market. Ring main unit is increasingly
finding its applications in underground installations, power grids, mining and
others. Additionally, it requires less space as well as it has better
functionality compared to other ring main units. Whereas, oil insulated ring
main units are ideal for rural and industrial settings.
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Full Report @ https://www.marketresearchfuture.com/reports/ring-main-unit-market-2802
Leading
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).
Scope
of the Report
This research
report provides insights, on various levels of analysis such as industry
analysis, market share analysis leading market players and their profiles. This
report also helps in studying the target segments by providing views on
emerging & high-growth segments and market conclusion. Together the market
data comprise and discuss with the basic assessments on the competitive
scenarios & strategies, of the Ring main unit market, including the
high-growth regions, countries and their political, economic and technological
environments. Furthermore the project report also provides the views over the
historical market values as well as, pricing and cost analysis of the same.
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