Market Research Report
Ring Main Unit Market - Forecast (2020 - 2025)
|Published by||IndustryARC||Product code||409851|
|Published||Content info||113 Pages
Delivery time: 2-3 business days
|Ring Main Unit Market - Forecast (2020 - 2025)|
|Published: March 11, 2020||Content info: 113 Pages||
The global Ring Main Unit Market is estimated to surpass $3282.48 million by 2024 growing at an estimated rate of more than 7.9% during forecast period majorly driven by the efforts put to and so on. Further the growing emphasis towards secondary distribution networks set to propel the market growth in the future.
What is Ring Main Unit (RMU)?
Ring Main Unit (RMU) is a variant of switch gear unit which is used in distribution networks and designed with multiple ring shaped grids. Ring Main Unit (RMU) is a switch gear unit which is completely sealed; gas insulated and consists of panels which are used as two sources of power at the same metering point for consumers. These are used to supply power from alternate sources if main source of supply gets failed.
This report incorporates an in-depth assessment of Ring Main Unit market by Insulation, Position, Installation, Component, application and geography. The major types of Insulations are air, gas, oil, solid di-electric & others. By Position, the market is segmented into 3-position, 6-position, 10-position & others. By installation, the market is segmented into indoor and outdoor installations. By Components, it is segmented into switch & fuse, self-powered relay. By applications, RMU is used in distribution networks, industries, infrastructure, transportation and others.
What are the major applications for Ring Main Unit (RMU)?
A broad range of ring main unit applications which are currently being explored includes secondary distribution networks, industries, infrastructure, and transportation and among others. The capital expenditure of major companies in the pursuit of ring main units in small enterprises has also escalated significantly since the last decade.
Ring Main Unit Market
Market Research and Market Trends of Ring Main Unit
Increase in use of secondary distribution networks, renewable energy are the major key factors driving the market. Growth in electricity demand increases the growth of power equipment like ring main units for continuous power supply.
10-position ring main unit is the new latest version of ring main units which were used in many applications like distribution utilities, industries, infrastructure, transportation & others which were the important factors.
Solid Di-Electric Ring Main units were first introduced in the early 2000s and have been witnessing continual growth during the recent years. The high resistance to destruction and tensile strength, flexible design, impervious nature to water and corrosion have resulted in increased adoption of these units in extreme conditions and this has become a major trend particularly in industrial settings.
Remote operations and status monitoring RMU's are the major trend as it provides safe on load operation, easy network handling, network flexibility, prompt supply restoration, uninterrupted power supply, provides cable status indication through VPI, indicates faulty section through FPI, reduces fire hazards, maintenance free.
The design of ring main units which are based on oil filled concept with air insulated HV fuse link type or oil immersed in the tee-off circuit used to protect the connected transformer and this type of ring main unit provides good service. Research and development activities are going on in order to replace these units with oil free equipment in order to overcome fire hazard and other environmental conditions associated with oil. This trend may drives the market in the future.
Who are the Major Players in Ring Main Unit market?
The companies referred to in the market research report include ABB Ltd (Switzerland), General Electric Company (U.S.), Eaton Corporation Plc (Ireland), Schneider Electric SE (France), Siemens AG (Germany, and many others.
What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.
All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
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Get a quick outlook on the market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
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