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Global Ring Main Unit Market to Talk about Historical Development and Estimated Forecast

The report provide the insights about the industry that includes SWOT (Strength, Weakness, Opportunities, Threats) analysis, Porter Five forces (Bargaining Power of Suppliers, Bargaining Power of Buyers, Threat of New Entrants, Threat Of Substitutes, Intense Rivalry), Value and Supply chain analysis, and the factor that drives and hamper the growth of market during forecast period. Also, the study provides an in-depth analysis of the various segments of the market. For more info Click here @

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Global Ring Main Unit Market is valued approximately USD 1.80 Billion in 2018 and is anticipated to grow with a healthy growth rate of more than 8.35 % over the forecast period 2019-2026. The Ring Main Unit (RMUs) is type of switchgear used in the secondary distribution network. It is the primary switching device act as connector and disconnector or circuit breaker. It is usually used in the electricity, power supply, in generation of renewable energy such as wind energy, solar energy etc. The growth of the global ring main unit market is attributed owing to the increasing emphasis towards renewable power generation. In 2016, the Combustible Nuclear electricity production raised by 0.7%, Hydro increased by 3.2% and Solar, Wind and other renewable energy increased by 22.5% by Americans in OCED. OECD Asia displayed the similar trends, the Combustible Fuels decreased by 0.5%, Nuclear raised by 6.6%, Hydro, raised by 1.4%, and Solar, Wind and other renewable increased by 12.6% in 2016, according to International Energy Agency (IEA). OECD Europe shows biggest increase in Combustible Fuels by 2.6%, 1.0% increase in hydro and other renewable remained same. Combustible Fuels is the primary medium of electricity and accounted for 78% in Asia pacific and 47% in Europe and, 61% in the Americas. According to International Energy Agency, Nuclear produced 18% in the Americas, 23% in Europe and 9.5% in Asia Pacific in 2016. This increase in production of electricity with the renewable energy will increases the demand growth of the ring main unit market. However, high cost compared to conventional switchgears and declining energy costs impedes the growth of the market over the forecast period.

The regional analysis of global Ring Main Unit market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the government support and programs for the renewable energy, adoption of smart grids, and electrification in the rural areas of this region. China and India are expected to head the ring main unit market in the Asia-Pacific region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as substantial investment in renewable energy such solar, wind, biogas for the power generation are contributing towards the growth of the Asia-Pacific region.

Major market player included in this report are:

ABB Ltd.

Schneider Electric SE

Eaton Corporation PLC.

Siemens AG

General Electric Company

Lucy Electric

Larsen & Toubro Limited

LS Industrial Systems Co., Ltd.

Ormazabal

Tiepco

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Gas Insulated Ring Main Unit

Air Insulated Ring Main Unit

Oil Insulated Ring Main Unit

Solid Dielectric Insulated Ring Main Unit

By Installation:

Outdoor Ring Main Unit

Indoor Ring Main Unit

By Application:

Distribution Utilities

Industries

Infrastructure and Transportation

By Regions:

North America

U.S.

Canada

Europe

UK

Germany

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017

Base year – 2018

Forecast period – 2019 to 2026

Target Audience of the Global Ring Main Unit Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

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