Market Scenario, Ring main unit (RMU) is used in a secondary distribution system. It is basically used for an uninterrupted power supply. It is used for medium voltage distribution in compact substations, small buildings, residential housing complex etc. Increase in demand of electricity across the globe, is the primary driving factor of ring main unit market. Additionally, rising demand for renewable energy is also fueling the demand of ring main unit (RMU). However, the cost of ring main units being higher than conventional switchgears is the restraining factor that may hamper the growth of global 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., Study Objectives of Global Ring Main Unit Market, , To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global ring main unit market , To provide insights about factors affecting the market growth, To analyze the global ring main unit market based on various tools such as Price Analysis, Supply Chain Analysis, Porter’s Five Forces Analysis, To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW), To provide country level analysis of the market with respect to the current market size and future prospective, To provide country level analysis of the market segmented, by types, by installation, by applications, and by regions, To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market, To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the ring main unit market, , Segmentation, , , Regional Analysis of Global Ring Main Unit Market, Asia-Pacific dominates the global ring main unit market followed by Europe. Rapid expansions in industrialization as well as the growing renewable sector in this re

Market Scenario

Ring main unit (RMU) is used in a secondary distribution system. It is basically used for an uninterrupted power supply. It is used for medium voltage distribution in compact substations, small buildings, residential housing complex etc. Increase in demand of electricity across the globe, is the primary driving factor of ring main unit market. Additionally, rising demand for renewable energy is also fueling the demand of ring main unit (RMU). However, the cost of ring main units being higher than conventional switchgears is the restraining factor that may hamper the growth of global 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.

Study Objectives of Global Ring Main Unit Market



To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global ring main unit market



To provide insights about factors affecting the market growth



To analyze the global ring main unit market based on various tools such as Price Analysis, Supply Chain Analysis, Porter’s Five Forces Analysis



To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)



To provide country level analysis of the market with respect to the current market size and future prospective



To provide country level analysis of the market segmented, by types, by installation, by applications, and by regions



To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market



To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the ring main unit market



Segmentation





Regional Analysis of Global Ring Main Unit Market

Asia-Pacific dominates the global ring main unit market followed by Europe. Rapid expansions in industrialization as well as the growing renewable sector in this region, increase the demand of ring main unit market. This region is expected to grow at the fastest pace during the forecast period. Europe is another important market and is expected to contribute significantly during the forecast period mainly due to upgrading the existing infrastructure.

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).

Target Audience



Manufacturing Organizations



Distributors & Suppliers



Environmental Associations



Government as well as Independent Regulatory Authorities



Research Institute / Education Institute



Potential Investors



Product Analysis



Product matrix which gives a detailed comparison of the market for different recycled product types



Additional Information



Regulatory Landscape



Pricing Analysis



Macroeconomic Indicators



Geographic Analysis



Geographical analysis across 15 countries



Company Information



Profiling of 10 key market players



In-depth analysis including SWOT analysis, and strategy information of related to report title



Competitive landscape including emerging trends adopted by major companies



The report for Global Ring Main Unit Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.