Ring Main Unit Market Latest Trends, Outlook till 2021

The global ring main unit market is projected to grow at a CAGR of 8.35% from 2017 to 2022. In 2016, Asia-Pacific was estimated to be the largest market for ring main unit, followed by Europe and North America. This trend is expected to continue till 2022. The growth of the ring main unit market is driven by modernization of existing power infrastructure and smart distribution networks.

The ring main unit market is dominated by a few global players which includes ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation PLC (Ireland), Siemens AG (Germany), and General Electric Company (U.S.).

Major strategies adopted by players in the ring main unit market include contracts & agreements, expansions, new product developments, and mergers & acquisitions. Contracts & agreements were the most commonly adopted strategy from 2013 to 2017 and accounted for more than 58.1% of the total market share. Industry players also adopted expansions, which was the second most widely followed strategy from 2013 to 2017.

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Scope of the Report:

By Type

• Gas Insulated
• Air Insulated
• Oil Insulated
• Solid Dielectric Insulated

By Installation

• Outdoor
• Indoor

By Application

• Distribution Utilities
• Industries
• Infrastructure and Transportation

By Region

• Asia-Pacific
• Europe
• North America
• Middle East
• South America
• Africa

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"

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This study estimates the global market for ring main unit, in terms of USD, till 2022. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the market dynamics, competitive landscape, market estimates in terms of value, and future trends in the ring main unit market.

Objectives of the Study

• To define, describe, and forecast the global ring main unit market by type, installation, application, and region
• To provide detailed information regarding major factors influencing the growth of the ring main unit market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the ring main unit market with respect to individual growth trends, future prospects, and contribution of each segment to the market
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions, in the ring main unit market

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The report’s target audience includes:

• Ring main unit manufacturers, distributors, and suppliers
• State and national regulatory authorities
• Consulting companies in the energy and power sector
• Investors/shareholders
• Builders and contractors
• Distribution utilities
• Government and industry associations
• State or government owned corporations

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues