Ring Main Unit Market Insights:-
Ring main unit (RMU) is used in a secondary distribution system. It is basically used for uninterrupted supply of power. It is used for medium voltage distribution in compact substations, small buildings, residential housing complex etc. Rising investment in smart grid projects and commissioning of restructuring and expansion projects are driving the demand of ring main unit market.
Ring main unit (RMU) is used in a secondary distribution system. It is basically used for an uninterrupted supply of power. It is used for medium voltage distribution in compact substations, small buildings, residential housing complex etc. Rapid urbanization and smart city initiatives are driving the demand of ring main unit market. The global Ring Main Unit Market is projected to grow at a CAGR of 8.4% from 2017 to 2023, to reach the market size of USD 2.65 billion by 2023.
Leading Key Players:-
The key players of global ring main unit market are ABB Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), General Electric Company (U.S.), Lucy Electric Limited (U.K.), L&T (India), Yokogawa Electric Corporation (Japan), SwitchGear Company (Belgium) and EPE Switchgear (M) Sdn. Bhd. (Malaysia).
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Market Research Analysis :
Europe and North America is also expected to contribute significantly to the global ring main unit market. Upgradation of existing power infrastructure network is driving the demand of ring main unit in these regions.
On the basis of regions, the global ring main unit market is segmented as North America, Europe, Asia-Pacific and RoW. Asia-Pacific region dominates the ring main unit market. The demand of ring main unit market in Asia-Pacific region is driven by rapid growth in industrialization, urbanization, and construction & infrastructure activities as well as it is driven by the growing renewable sector in the region.
Target Audience
- Manufacturing Organizations
- Distributors & Suppliers
- Environmental Associations
- Government as well as Independent Regulatory Authorities
- Research Institute / Education Institute
- Potential Investors
Gloal Ring Main Unit Market Scope:-
The scope of the study segments the global ring main unit market as type, installation, and application.
By Installation
- Indoor
- Outdoor
- By Application
- Distribution Utilities
- Industrial
- Commercial
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By Type
- Oil Insulated,
- Gas Insulated
- Air Insulated
- Solid Dielectric
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