Press release
Ring Main Unit Market 2019 Size, Growth Analysis Report, Forecast to 2025
The global ring body market size is expected to reach $2.5 billion by 2025 from an expected value of $1.6 billion in 2020 with a CAGR of 9% over the forecast period. Additional capacity, increased power demand, and industrialization projects in countries such as China, Japan, India and Korea are the main reasons driving the growth of the ring body market in the region. In India, factors such as rural electrification, smart grid adoption and substation automation projects are driving increasing demand for ring bodies. According to the Indian Electrical and Electronics Manufacturers Association (IEEMA), generating capacity is expected to increase from 200 GW in 2010 to more than 800 GW in 2032 to meet growing demand. Therefore, these developments have the potential to drive the ring body market.A full report of Ring Main Unit Market is available at: https://www.orionmarketreports.com/ring-main-unit-market/10614/
Key drivers of the global ring body market
• The demand for ring bodies is increasing worldwide due to increasing automation and industrialization. The demand for electricity is high due to the growing population. It is driving the global ring body market.
• The increase in distribution networks and modernization of the existing power infrastructure are expected to increase the demand for ring main units during the forecast period.
Key Players Operating in Market
Leading players operating in the global ring main unit market include:
• ABB
• TIEPCO
• ENTEC Electric & Electronic
• Orecco Electric
• Lucy Electric
• Alfanar
• China TransPowers Electric
• Siemens
• LS Electric
• Wenzhou Rockwell Transformer
• Eaton
• Schneider Electric
• Larsen & Toubro
• C&S Electric
• Hunan Electric Union
Ring Main Unit Market: Research Scope
By Type
• Oil Insulated
• Gas Insulated
• Solid Dielectric
• Air Insulated
By Installation
• Indoor
• Outdoor
By Application
• Industries
• Distribution Utilities
• Infrastructure & Transportation
By Voltage Rating
• Up to 15 kV
• 16–25 kV
• Above 25 kV
Reasons to Buying From us –
• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Ring Main Unit Market Report
• What was the Global Ring Main Unit Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Global Ring Main Unit Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Global Ring Main Unit Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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