PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1151945
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1151945
Global Ring Main Unit Market Size study & Forecast, by Type, Installation and Application and Regional Analysis, 2022-2029
Global Ring Main Unit (RMU) Market is valued approximately USD 1.75 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.3% over the forecast period 2022-2029. Ring Main Unit (RMU) is a gas insulated switchgear unit. It is widely utilized in secondary distribution networks. The compact size and modular installation of RMU made them ideal replacement for switchgears. Ring Main Unit (RMU) utilizes 50% less space than conventional switchgears thus save a significant part of overall installation cost. The rising electricity demand worldwide and growing advancements in power distribution sector as well as strategic initiatives from leading market players are key factors accelerating the market growth.
According to Statista - during 2019, the global electricity consumption was estimated at 23,900 terawatt-hours. In addition, the global electricity demand would grow to around 35.3 petawatt hours by 2040. Also, growing investment in renewable energy sector as well as rising expansion power distribution infrastructure in emerging regions would create lucrative growth prospectus for the market over the forecast period. However, availability of counterfeit products and high cost of production due to volatile cost of raw materials impede the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Ring Main Unit (RMU) Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading market players as well as growing modernization of power distribution infrastructure in the region. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising expansion of renewable energy sector as well as growing investment in power distribution sector in the region.
Major market players included in this report are:
ABB (Switzerland)
Schneider Elecctric (France)
Eaton (Ireland)
Lucy Electric (UK)
Larsen & Toubro (India)
Siemens (Germany)
C&S Electric (India)
LS Electric (South Korea)
Ormazabal (Spain)
TIEPCO (Saudi Arabia)
Recent Developments in the Market:
- In June 2019, Eaton launched its an exclusive range of RMUs (Medium Voltage Switchgear) named HMH 12 KV to 36 KV and URING 36 KV SF6 in India. These two RMUs are launched to strengthen the Eaton RMU offerings in India.
- In April 2020, Larsen & Toubro received contract from government of Tamil Nadu, India for the upgradation of urban HT line distribution network in Chennai with the addition of ring main units and feeder remote terminal units on a total turnkey basis.
Global Ring Main Unit (RMU) Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Installation, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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
Air Insulated
Oil Insulated
Solid Dielectric Material)
By Installation
Outdoor
Indoor
By Application
Industrial
Infrastructure
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Ring Main Unit (RMU) Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Ring Main Unit (RMU) Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Ring Main Unit (RMU) Market, by Installation, 2019-2029 (USD Billion)
- 1.2.4. Ring Main Unit (RMU) Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Ring Main Unit (RMU) Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Ring Main Unit (RMU) Market Dynamics
- 3.1. Ring Main Unit (RMU) Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing electricity demand worldwide.
- 3.1.1.2. Growing advancements in power distribution sector.
- 3.1.1.3. Strategic initiatives from leading market players.
- 3.1.2. Market Challenges
- 3.1.2.1. Availability of counterfeit products.
- 3.1.2.2. High cost of production due to volatile cost of raw materials.
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing investment in renewable energy sector.
- 3.1.3.2. Rising expansion power distribution infrastructure in emerging regions.
- 3.1.1. Market Drivers
Chapter 4. Global Ring Main Unit (RMU) Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Ring Main Unit (RMU) Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Ring Main Unit (RMU) Market by Type, Performance - Potential Analysis
- 6.3. Global Ring Main Unit (RMU) Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. Ring Main Unit (RMU) Market, Sub Segment Analysis
- 6.4.1. Gas Insulated
- 6.4.2. Air Insulated
- 6.4.3. Oil Insulated
- 6.4.4. Solid Dielectric Material
Chapter 7. Global Ring Main Unit (RMU) Market, by Installation
- 7.1. Market Snapshot
- 7.2. Global Ring Main Unit (RMU) Market by Installation, Performance - Potential Analysis
- 7.3. Global Ring Main Unit (RMU) Market Estimates & Forecasts by Installation 2019-2029 (USD Billion)
- 7.4. Ring Main Unit (RMU) Market, Sub Segment Analysis
- 7.4.1. Outdoor
- 7.4.2. Indoor
Chapter 8. Global Ring Main Unit (RMU) Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Ring Main Unit (RMU) Market by Application, Performance - Potential Analysis
- 8.3. Global Ring Main Unit (RMU) Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 8.4. Ring Main Unit (RMU) Market, Sub Segment Analysis
- 8.4.1. Industrial
- 8.4.2. Infrastructure
Chapter 9. Global Ring Main Unit (RMU) Market, Regional Analysis
- 9.1. Ring Main Unit (RMU) Market, Regional Market Snapshot
- 9.2. North America Ring Main Unit (RMU) Market
- 9.2.1. U.S. Ring Main Unit (RMU) Market
- 9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Installation breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Ring Main Unit (RMU) Market
- 9.2.1. U.S. Ring Main Unit (RMU) Market
- 9.3. Europe Ring Main Unit (RMU) Market Snapshot
- 9.3.1. U.K. Ring Main Unit (RMU) Market
- 9.3.2. Germany Ring Main Unit (RMU) Market
- 9.3.3. France Ring Main Unit (RMU) Market
- 9.3.4. Spain Ring Main Unit (RMU) Market
- 9.3.5. Italy Ring Main Unit (RMU) Market
- 9.3.6. Rest of Europe Ring Main Unit (RMU) Market
- 9.4. Asia-Pacific Ring Main Unit (RMU) Market Snapshot
- 9.4.1. China Ring Main Unit (RMU) Market
- 9.4.2. India Ring Main Unit (RMU) Market
- 9.4.3. Japan Ring Main Unit (RMU) Market
- 9.4.4. Australia Ring Main Unit (RMU) Market
- 9.4.5. South Korea Ring Main Unit (RMU) Market
- 9.4.6. Rest of Asia Pacific Ring Main Unit (RMU) Market
- 9.5. Latin America Ring Main Unit (RMU) Market Snapshot
- 9.5.1. Brazil Ring Main Unit (RMU) Market
- 9.5.2. Mexico Ring Main Unit (RMU) Market
- 9.6. Rest of The World Ring Main Unit (RMU) Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. ABB (Switzerland)
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Schneider Elecctric (France)
- 10.2.3. Eaton (Ireland)
- 10.2.4. Lucy Electric (UK)
- 10.2.5. Larsen & Toubro (India)
- 10.2.6. Siemens (Germany)
- 10.2.7. C&S Electric (India)
- 10.2.8. LS Electric (South Korea)
- 10.2.9. Ormazabal (Spain)
- 10.2.10. TIEPCO (Saudi Arabia)
- 10.2.1. ABB (Switzerland)
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Ring Main Unit (RMU) Market, report scope
- TABLE 2. Global Ring Main Unit (RMU) Market estimates & forecasts by Region 2019-2029 (USD Billion)
- TABLE 3. Global Ring Main Unit (RMU) Market estimates & forecasts by Type 2019-2029 (USD Billion)
- TABLE 4. Global Ring Main Unit (RMU) Market estimates & forecasts by Installation 2019-2029 (USD Billion)
- TABLE 5. Global Ring Main Unit (RMU) Market estimates & forecasts by Application 2019-2029 (USD Billion)
- TABLE 6. Global Ring Main Unit (RMU) Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 7. Global Ring Main Unit (RMU) Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 8. Global Ring Main Unit (RMU) Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 9. Global Ring Main Unit (RMU) Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 10. Global Ring Main Unit (RMU) Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 11. Global Ring Main Unit (RMU) Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 12. Global Ring Main Unit (RMU) Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 13. Global Ring Main Unit (RMU) Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 14. Global Ring Main Unit (RMU) Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 15. Global Ring Main Unit (RMU) Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 16. U.S. Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 17. U.S. Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 18. U.S. Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 19. Canada Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 20. Canada Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 21. Canada Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 22. UK Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 23. UK Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 24. UK Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 25. Germany Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 26. Germany Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 27. Germany Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 28. France Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 29. France Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 30. France Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 31. Italy Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 32. Italy Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 33. Italy Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 34. Spain Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 35. Spain Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 36. Spain Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 37. RoE Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 38. RoE Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 39. RoE Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 40. China Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 41. China Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 42. China Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 43. India Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 44. India Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 45. India Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 46. Japan Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 47. Japan Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 48. Japan Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 49. South Korea Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 50. South Korea Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 51. South Korea Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 52. Australia Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 53. Australia Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 54. Australia Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 55. RoAPAC Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 56. RoAPAC Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 57. RoAPAC Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 58. Brazil Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 59. Brazil Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 60. Brazil Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 61. Mexico Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 62. Mexico Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 63. Mexico Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 64. RoLA Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 65. RoLA Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 66. RoLA Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 67. Row Ring Main Unit (RMU) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 68. Row Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 69. Row Ring Main Unit (RMU) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 70. List of secondary sources, used in the study of global Ring Main Unit (RMU) Market
- TABLE 71. List of primary sources, used in the study of global Ring Main Unit (RMU) Market
- TABLE 72. Years considered for the study
- TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
List of figures
- FIG 1. Global Ring Main Unit (RMU) Market, research methodology
- FIG 2. Global Ring Main Unit (RMU) Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Ring Main Unit (RMU) Market, key trends 2021
- FIG 5. Global Ring Main Unit (RMU) Market, growth prospects 2022-2029
- FIG 6. Global Ring Main Unit (RMU) Market, porters 5 force model
- FIG 7. Global Ring Main Unit (RMU) Market, pest analysis
- FIG 8. Global Ring Main Unit (RMU) Market, value chain analysis
- FIG 9. Global Ring Main Unit (RMU) Market by segment, 2019 & 2029 (USD Billion)
- FIG 10. Global Ring Main Unit (RMU) Market by segment, 2019 & 2029 (USD Billion)
- FIG 11. Global Ring Main Unit (RMU) Market by segment, 2019 & 2029 (USD Billion)
- FIG 12. Global Ring Main Unit (RMU) Market by segment, 2019 & 2029 (USD Billion)
- FIG 13. Global Ring Main Unit (RMU) Market by segment, 2019 & 2029 (USD Billion)
- FIG 14. Global Ring Main Unit (RMU) Market, regional snapshot 2019 & 2029
- FIG 15. North America Ring Main Unit (RMU) Market 2019 & 2029 (USD Billion)
- FIG 16. Europe Ring Main Unit (RMU) Market 2019 & 2029 (USD Billion)
- FIG 17. Asia pacific Ring Main Unit (RMU) Market 2019 & 2029 (USD Billion)
- FIG 18. Latin America Ring Main Unit (RMU) Market 2019 & 2029 (USD Billion)
- FIG 19. Global Ring Main Unit (RMU) Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
