Press release
Ring Main Unit Market 2020-2025: ABB, Schneider Elecctric, Eaton, Lucy Electric, Larsen & Toubro, Siemens and Others.
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The Global ring Main Unit Market is estimated to be USD 1.6 Billion in 2020 and projected to reach USD 2.5 Billion by 2025, at a CAGR of 9.3%. This report spread across 169 pages, profiling 11 companies and supported with 110 tables and 57 figures are now available in this research.
Top Companies Profiled in the Ring Main Unit Market:
• ABB (Switzerland)
• Schneider Elecctric (France)
• Eaton (Ireland)
• Lucy Electric (UK)
• Larsen & Toubro (India)
• Siemens (Germany)
• C&S Electric (India)
• LS Electric (South Korea)
• Ormazabal (Spain)
• TIEPCO (Saudi Arabia)
• ENTEC Electric & Electronic (South Korea)
“The outdoor segment is the largest and fastest growing ring main unit market during the forecast period”
The outdoor segment is anticipated to constitute the majority of the ring main unit market share. Outdoor ring main units are installed outdoors and suitable for harsh environmental conditions and temperatures. Outdoor ring main units are demanded where there are no particular space constraints for the installation of ring main units.
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“The distribution utilities segment is projected to dominate the ring main unit market during the forecast period”
The distribution utilities segment is predicted to dominate the ring main unit market.The growth of this segment can be attributed to the increasing demand for power, which leads to the installation of new substations, resulting in an increase in the demand for ring main units.
“The gas insulated segment is projected to dominate the ring main unit market during the forecast period”
The gas insulated segment is expected to dominate the ring main unit market during the forecast period. Gas insulated ring main units use SF6 gas and occupy less space than air and oil insulated ring main units. Hence, they are more demanded across utilities. Also, gas insulated ring main units are easy to maintain and operate.
Breakdown of primary participants’ profile:
• By Company Type: Tier I–65%, Tier II–24%, and Tier III–11%
• By Designation: C-level–30%, Managers–25%, and Others*–45%
• By Region: Asia Pacific–33%, North America–27%, Europe–20%, Middle East−9%, South America−7%, Africa−4%
Competitive Landscape of Ring Main Unit Market:
1 Overview
2 Revenue Analysis Of Top 5 Market Players
3 Market Evaluation Framework
4 Key Market Developments
4.1 New Product Launches
4.2 Investments & Expansions
4.3 Contracts & Agreements
4.4 Mergers & Acquisitions
Research Coverage:
The report defines, describes, and forecasts the ring main unit market based on type, application, voltage rating, installation, and region. It also offers detailed qualitative and quantitative analyses of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges.
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