Ring Main Unit Market to Observe Strong Development 2.65 billion and 8.4% CAGR by 2022

Ring main unit (RMU) is used in a secondary distribution system. It is basically used for an uninterrupted power supply. It is used for medium voltage distribution in compact substations, small buildings, residential housing complex etc. Increase in demand of electricity across the globe, is the primary driving factor of ring main unit market. Additionally, rising demand for renewable energy is also fueling the demand of ring main unit (RMU). However, the cost of ring main units being higher than conventional switchgears is the restraining factor that may hamper the growth of global ring main unit market.
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.

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Key Players
• 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)
• EPE Switchgear (M) Sdn.Bhd. (Malaysia).

Study Objectives of Global Ring Main Unit Market
• To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global ring main unit market
• To provide insights about factors affecting the market growth
• To analyze the global ring main unit market based on various tools such as Price Analysis, Supply Chain Analysis, Porter’s Five Forces Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market segmented, by types, by installation, by applications, and by regions
• To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the ring main unit market
Regional Analysis of Global Ring Main Unit Market
Asia-Pacific dominates the global ring main unit market followed by Europe. Rapid expansions in industrialization as well as the growing renewable sector in this region, increase the demand of ring main unit market. This region is expected to grow at the fastest pace during the forecast period. Europe is another important market and is expected to contribute significantly during the forecast period mainly due to upgrading the existing infrastructure.

Product Analysis
• Product matrix which gives a detailed comparison of the market for different recycled product types

Additional Information
• Regulatory Landscape
• Pricing Analysis
• Macroeconomic Indicators

Geographic Analysis
• Geographical analysis across 15 countries

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Company Information
• Profiling of 10 key market players
• In-depth analysis including SWOT analysis, and strategy information of related to report title
• Competitive landscape including emerging trends adopted by major companies
The report for Global Ring Main Unit Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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We are thankful for the support and assistance from Global Ring Main Unit Market Research Report - Forecast to 2023 chain related technical experts and marketing experts during Research Team survey and interviews.

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