Ring Main Unit Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Ring Main Unit Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : March, 2020 | Energy & Mining | PPT format

Report Digest


Global Ring Main Unit Market: Overview

For a distribution network that constitutes a number of ring shaped grids, the ring main unit (RMU) acts a variant of switchgear and works at a nominal system voltage of 11KV. Since these are dangerous and essential switch devices in a distribution network that aids in supplying power from back-up system in case a hindrance in main supply source. RMU are used by delivery transformers to measure, meter, and provide uninterrupted power supply and are vital for ensuring consistency of a grid system. With rapid urbanization across the world, the demand for consistent power supply and conservation is mounting. Consequently, the demand in the global ring main unit market is expected to increment at a robust rate during the forecast period of 2017 to 2025.

Global Ring Main Unit Market: Key Trends

Across several countries, modernization of existing power infrastructure is underway, and increased emphasis is now being given to increasing the capacity as well as enhance the distribution network in order to meet the escalating demands. This are the primary factors driving the demand in the global market for ring main unit. Moreover, in order to ensure uninterrupted power supply, a number of end-use industries are installing ring main units as secondary distribution source. This factor is also expected to favor the demand for ring main unit in the near future. On the other hand, preference of conventional switchgears for lower cost than ring main units is hampering the market from achieving its true potential.

On the basis of type, the global ring main unit market can be segmented into gas insulated, oil insulated, solid dielectric insulated, and air insulated. In current scenario, has insulated ring main unit segment has the maximum demand, owing to its applications in railway systems, power grids, wind power plants, mining, and underground installations. Gas insulated ring main units are easily integrated with the existing system. Application-wise, the distribution utilities segment is most lucrative in comparison to industries or infrastructure and transportation.

Global Ring Main Unit Market: Market Potential

Across several developed and developing countries, owing to growing pollution concerns, the emphasis on renewable energy is escalating, and those governments are offering favorable mandates. RMUs are now frequently integrated with in solar power plant and help in minimizing power losses as well as enhance safety with reduced cable lengths. This development is expected to open new opportunities for the vendors operating in the global ring main unit market.

Global Ring Main Unit Market: Regional Outlook

Asia Pacific and Europe two most lucrative regions for the vendors operating in the ring main unit market. In Asia Pacific, India and China are the leading country-wide markets due to increasing demand to electrify rural areas, increasing power capacity of power plants, and implementation of smart grids. Japan leads among the Southeast Asian countries, strategically expanding their power facilities to establish an active distribution network. Countries such as Malaysia, Vietnam, and Indonesia are also posed to expand the demand for ring main unit.

The demand in European ring main unit market is driven by incremented focus on renewable energy. European Unions’ energy directive, which requires the members to achieve at least 20% of the demand from renewable sources, has gone a long way in advancing and producing energy in the region. As the directive requires the EU members to ensure at least 27% of energy consumption from renewable sources by 2030, Europe is expected to turn into one of the most profitable region for ring main unit market players towards the end of the forecast period.

Global Ring Main Unit Market: Competitive Landscape

Honeywell, Siemens, ABB, General Electric, Eaton, Schneider Electric, Larsen & Toubro, Entec, LSIS, Lucy Electric, Ormazabal, Toshiba, Yashmun, Tiepco, Yokogawa Electric, Azbil, NovaTech Process, and Rockwell Automation are some of the leading companies currently operating in the global ring main unit market.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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