Ring Main Unit Market Size, Share, Price | Industry Report 2022

Ring Main Unit Market Size, Share, Price | Industry Report 2022 Market Research Report to It’s a Database.

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“The ring main unit market is projected to grow at a CAGR of 8.35% from 2017 to 2022”

The ring main unit market is projected to reach USD 2.45 billion by 2022, at a CAGR of 8.35% from 2017 to 2022. Modernization of existing power infrastructure and capacity addition & enhancement plans for distribution networks have been boosting the demand for ring main units. In addition, end-user industries are deploying ring main units in secondary distribution networks for uninterrupted power supply. The high cost of ring main units as compared to conventional switchgear is a key factor restraining the growth of the ring main unit market.

“The gas insulated segment is expected to grow at the highest CAGR from 2017 to 2022”

Based on the type of ring main unit, the gas insulated segment is estimated to be the largest and fastest growing market from 2017 to 2022. The applications of gas insulated ring main unit include railway systems, wind power plants, power grids, underground installations, and mining applications. The gas insulated ring main unit is compact in size and has better functionality compared to other ring main units, thereby, driving the gas insulated ring main unit market.

“The distribution utilities segment is expected to dominate the ring main unit market from 2017 to 2022”

The distribution utilities segment is the largest application market. Ring main units are extensively used by companies for secondary distribution networks and to protect their critical instruments. Moreover, this segment is expected to exhibit the highest CAGR from 2017 to 2022. The usage of ring main units for integrated distributed generation with the central grid is likely to drive the distribution utilities market.
Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

• By Company Type: Tier 1- 14%, Tier 2- 57%, Tier 3- 29%
• By Designation: C-Level- 14%, D-Level- 14%, Others- 72%
• By Region: Asia-Pacific-43%, North America- 29%, Europe-14%, Rest of the World- 14%

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Key players include:

(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*

11.1 ABB Ltd.
11.1.1 Overview
11.1.2 ABB Ltd. Scorecard
11.1.3 Products Offering
11.1.4 Business Strategy
11.1.5 Developments, 2014–2015
11.1.6 MnM View

11.2 Schneider Electric Se
11.2.1 Overview
11.2.2 Schneider Electric Se Scorecard
11.2.3 Products Offering
11.2.4 Business Strategy
11.2.5 Developments, 2015–2017
11.2.6 MnM View

11.3 Eaton Corporation PLC.
11.3.1 Overview
11.3.2 Eaton Corporation PLC. Scorecard
11.3.3 Products Offering
11.3.4 Business Strategy
11.3.5 Developments, 2013–2015
11.3.6 MnM View

11.4 Siemens AG
11.4.1 Overview
11.4.2 Siemens AG Scorecard
11.4.3 Products Offering
11.4.4 Business Strategy
11.4.5 Developments, 2016

11.5 General Electric Company
11.5.1 Overview
11.5.2 General Electric Company Scorecard
11.5.3 Products Offering
11.5.4 Business Strategy
11.5.5 Developments, 2014–2015
11.5.6 MnM View

11.6 Lucy Electric
11.6.1 Overview
11.6.2 Lucy Electric Scorecard
11.6.3 Products Offering
11.6.4 Business Strategy
11.6.5 Developments, 2014–2017
11.6.6 MnM View

11.7 Larsen & Toubro Limited
11.7.1 Overview
11.7.2 Larsen & Toubro Limited Scorecard
11.7.3 Products Offering
11.7.4 Business Strategy
11.7.5 Developments, 2013–2014

11.8 LS Industrial Systems Co., Ltd.
11.8.1 Overview
11.8.2 LS Industrial Systems Co., Ltd. Scorecard
11.8.3 Products Offering
11.8.4 Business Strategy
11.8.5 Developments, 2015

Research Coverage:

The report defines, describes, and forecasts the global ring main unit market by type, installation, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.

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