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 : October, 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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?