- The global market is set to witness a significant growth, due to smart distribution networks and modernization of existing power infrastructure.
- The gas insulated segment is expected to hold the largest share of the ring main unit market.
- Increasing power consumption in the Asia-Pacific region is likely to drive market growth.
The report “Ring Main Unit Market by Type (Gas, Air, Oil, and Solid Dielectric), Installation (Outdoor and Indoor), Application (Distribution Utilities, Industries, and Infrastructure & Transportation), and by Region – Global Forecast to 2022″, The ring main unit market is expected to grow from an estimated $1.64 billion in 2017 to $2.45 billion by 2022, at a CAGR of 8.35% from 2017 to 2022. The global market is set to witness a significant growth, due to smart distribution networks and modernization of existing power infrastructure.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the ring main unit market. These players include ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), and General Electric Company (U.S.). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share. In June 2017, ABB has launched ZX2 AirPlus which will be used for primary power distribution. Also, in May 2017, Qatar General Water & Electricity Corporation (Kahramaa) has signed a contract for 8DJH switchgear will be used as ring main units (RMU)
Browse 68 market data tables and 91 figures spread through 147 pages and in-depth TOC on “Ring Main Unit Market – Global Forecast to 2022”
The gas insulated segment is expected to hold the largest share of the ring main unit market, by type, during the forecast period
The applications of gas insulated ring main unit include power grids, wind power plants, railway systems, underground installations, and mining applications. It is the largest segment, by type, for the ring main unit market. Increasing power consumption in Asia-Pacific requires secure and reliable source of power supply, which in turn is likely to drive the gas insulated ring main unit market. Gas insulated ring main unit can be easily integrated with an existing system. Moreover, these ring main units have SF6 as insulation medium, which is enclosed in a tank. All these factors are expected to boost the gas insulated ring main unit market.