Press release
Ring Main Unit Market Fastest Growth Segment with Top Key Players ABB, Ltd. , Schneider Electric SE, Eaton Corporation PLC, Siemens AG, General Electric Company
According to the new market research report "Ring Main Unit Market by Type (Gas, Air, Oil, and Solid Dielectric), Installation (Outdoor and Indoor), Application (Distribution Utilities, Industries, and Infrastructure & Transportation), and by Region - Global Forecast to 2022" The global ring main unit market is projected to grow at a CAGR of 8.35% from 2017 to 2022. In 2016, Asia-Pacific was estimated to be the largest market for ring main unit, followed by Europe and North America.This trend is expected to continue till 2022. The growth of the ring main unit market is driven by modernization of existing power infrastructure and smart distribution networks.
Browse 68 market data tables and 91 figures spread through 147 pages and in-depth TOC on "Ring Main Unit Market"
https://www.marketsandmarkets.com/Market-Reports/ring-main-unit-market-51228954.html
The ring main unit market is dominated by a few global players which includes ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation PLC (Ireland), Siemens AG (Germany), and General Electric Company (U.S.).
Major strategies adopted by players in the ring main unit market include contracts & agreements, expansions, new product developments, and mergers & acquisitions. Contracts & agreements were the most commonly adopted strategy from 2013 to 2017 and accounted for more than 58.1% of the total market share. Industry players also adopted expansions, which was the second most widely followed strategy from 2013 to 2017.
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
ABB, Ltd. is a technological leader in electrical products, which caters to a wide range of industries such as transmission, distribution, renewable generation, utilities, industry, marine, and oil & gas among others. It conducts its business through four segments, namely, power grids, industrial automation, robotics & motion, and electrification products. Ring main unit is a part of the electrification products segment. ABB, Ltd. adopted contracts & agreements and expansions as its key growth strategies. In 2014, ABB, Ltd. opened a new office in Myanmar to offer power and automation products in order to enhance its presence in the Asia-Pacific region. In 2015, it received a contract for the delivery of inverter solutions and 22 kV ring main units for 86 MWp solar project in South Africa..
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=51228954
Eaton is a diversified power management company that is driven by five business groups, namely, electrical products, electrical systems & services, hydraulics, aerospace, and vehicle segments. The company provides ring main units under its medium voltage switchgear segment of its electrical products and electrical systems & services division. The company has adopted expansions and contracts & agreements as its key growth strategy to maintain its market position. In February 2014, Eaton invested USD 54.0 million for the expansion of manufacturing operations at three plants in the Milwaukee area, Wisconsin. It included renovation of two facilities and expansion of one, in order to meet the growing demand for power distribution products and solutions in the utility, industrial, and commercial sectors. In 2014, Eaton Corporation, PLC received a contract from Econergy Europe, Ltd. (U.K.) for the installation of a solar farm in West Sussex (U.K). The scope of the project included supply of ring main units, circuit breakers, and transformers, among others.
Contact:
Mr. Shelly Singh
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
About MarketsandMarkets(TM):
MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Ring Main Unit Market Fastest Growth Segment with Top Key Players ABB, Ltd. , Schneider Electric SE, Eaton Corporation PLC, Siemens AG, General Electric Company here
News-ID: 1917577 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for Ring
Ring Clear Reviews: Does Ring Clear Tinnitus Hearing Relief Supplement Work? Int …
Ring Clear Reviews: Does Ring Clear Tinnitus Hearing Relief Supplement Work? Introducing Ring Clear, An Ultimate Solution for Tinnitus And All Hearing Problems.
Ring Clear Tinnitus Relief Hearing Supplement.
Ring Clear is a tinnitus relief supplement designed to help individuals struggling with persistent ringing, buzzing, or hissing sounds in their ears. This condition, known as tinnitus, can significantly impact daily life, causing stress, difficulty concentrating, and even sleep disturbances. Ring Clear…
Customi Ring Jewelry
Customi Ring Jewelry
Jewelry is not only a decoration, it is an expression of emotion and a manifestation of personality, especially jewelry such as rings, which carry many important meanings. Among many jewelry, custom rings are increasingly favored by people because of their uniqueness and personalization. Whether it is to commemorate a special time or to express emotions for a special person, custom rings are a worthy choice[ https://jewelrysupplierchina.com/shop/ ]
The charm…
Infiniti Ring Review;(Must Read!) Unique Scroll Ring for Smartphones.
Infiniti Ring is a scroll ring for phone apps, whether you're lounging on the couch, working out, cooking in the kitchen, or on the go, this smart ring connects wireless to your favorite device and puts the power at your fingertips.
Infiniti Ring aims to enhance the user experience by offering a more ergonomic and convenient approach to technology. Its sleek and lightweight design ensures that it serves not only as…
INFINITI RING REVIEWS 2024; IS INFINITI RING LEGIT OR JUST A HYPE?
Overview of the Infiniti Ring
The Infiniti Ring is a revolutionary smart device designed to transform how users interact with their smartphones and tablets. Unlike traditional navigation methods, this innovative gadget allows for effortless control through a ring worn on the finger. With features like scrolling through social media, managing music playback, and capturing photos remotely, the Infiniti Ring aims to enhance the user experience by offering a more ergonomic and…
UEA Transforming Slip Ring Technology: Presenting the Unique Pancake Slip Ring
At United Equipment Accessories (UEA), we recognize the need for advanced and reliable solutions within the evolving technological domain. Providing innovative products, such as our unique pancake slip ring, reflects our commitment to excellence and performance.
Pancake slip rings offer dependable solutions for the various needs of varied industries.
Unique Design for Reduced Friction. Our product achieves a significant reduction in friction, thanks to its unique brush material and composition. This enhancement…
Universal Diamond Wedding Ring Market 2021 Business Opportunities, Growth, Profi …
Syndicate Market Research recently launched a study report on the global Diamond Wedding Ring market project light on the significant drifts and vigorous cannon into the evolution of the trade, which includes the restraints, market drivers, and opportunities. The report talks about the competitive environment prevailing in the Diamond Wedding Ring market worldwide. The report lists the key players in the market and also provides insightful information about them such…