Ring Main Unit Market by Type (Gas, Air, Oil, and Solid Dielectric), Installation (Outdoor, and Indoor), Application (Distribution Utilities, Industries, and Infrastructure & Transportation), Voltage Rating, and Region - Global Forecast to 2025
Ring Main Unit Market
Global Ring Main Unit Market is expected to grow at a CAGR of 9.3%
Ring Main Unit Market and Top Companies
Key market players profiled in the Ring Main Unit market report includes:
- ABB (Switzerland)
- Siemens (Germany)
- Eaton (Ireland)
- Schneider (France)
- Larsen & Toubro (India)
- LS Electric (South Korea)
- Lucy Electric (UK)
- C&S Electric (India)
- TIEPCO (Saudi Arabia)
- Orecco Electric (China)
- ABB (Switzerland) The company was established in 1988 in Zurich, Switzerland. ABB is a leading company in automation and power technologies. The company operates through four business segments, namely, electrification, robotics & discrete automation, industrial automation, and motion. It operates its business in more than 100 countries and has more than 300 manufacturing plants located in these countries.
- Siemens (Germany) The company is a major technology company with core business activities in the field of electrification, automation, and digitalization. The company offers ring main unit through its gas and power business segment which also provides gas turbines, generators, steam turbines, and integrated power plant solutions. It operates in more than 100 countries across the globe and has a strong network of regional offices, warehouses, R&D facilities, and sales offices.
- Eaton (Ireland) Eaton is one of the leading power management equipment manufacturers, which provides energy-efficient solutions to manage electrical, mechanical, and hydraulic power. The company operates through six business segments, namely, electrical products, electrical systems and services, hydraulics, aerospace, vehicle, and eMobility. Eaton has its presence in more than 175 countries globally and operates through more than 40 subsidiaries.
- Schneider (France) Schneider Electric distributes and manufactures electrical industrial engineering equipment that are used to optimize energy usage in markets such as energy & infrastructure, industry, data centers, buildings, and residential. The company operates through two business segments, namely, energy management and industrial automation. It has over 100 subsidiaries worldwide, and the major ones include Schneider (US), Schneider Belgium N.V. (Belgium), and Schneider Electric (India). The companys major competitors are ABB and Siemens.
- Larsen & Toubro (India) Larsen & Toubro is one of the leading Indian multinational conglomerates in engineering, manufacturing, and construction services. The company operates through 10 business segments, namely, infrastructure, hydrocarbon, IT technology services, financial services, electrical & automation, development projects, power, defense engineering, heavy engineering, and others. Ring main unit is a part of medium voltage products. These products in the electrical and automation division are suitable in utilities, industries, buildings, agriculture, and marine industries. Larsen & Toubro (India) acquired Tamco Switchgear Malaysia Sdn Bhd (Malaysia) to strengthen L&Ts presence in the medium voltage category.
- LS Electric (South Korea) LS ELECTRIC is one of the leading South Korean power and automation companies. LS ELECTRIC is a subsidiary of LS Group. The company changed its corporate name from LSIS to LS ELECTRIC in March 2020 to accelerate the expansion of its global business. The companys product portfolio includes power transformers, medium voltage switch gears, distribution transformers, air circuit breakers, and vacuum circuit breakers. LS Electric ring main units are used in a wide range of applications, including wind power plants, small buildings, and airports.
- Lucy Electric (UK) Lucy Electric is one of the key companies involved in the provision of secondary power distribution solutions. Lucy Electric operates as a subsidiary of Lucy Group Ltd. The company operates through six different product categoriesring main units, overhead products, low voltage, distribution network automation, package substation, and energy services. The company offers oil and gas insulated medium voltage ring main units that find applications in secondary distribution networks, wind farms, and photo-voltaic power stations.
- C&S Electric (India) C&S electric is a manufacturer and exporter of electrical products and power management solutions. The company operates through eight different product categories, namely, low voltage products, final distribution products, lighting, low voltage switchboards, power busbars, protection and measurement devices, medium voltage products, and diesel gensets. The companys ring main units find their applications in distribution network of power utilities, real estate projects, and light industries.
- TIEPCO (Saudi Arabia) The International Electrical Products Company (TIEPCO) is an electrical division of Al Tuwairqi Group (Saudi Arabia). TIEPCO provides electrical products to electrical utilities and industries. It is an approved manufacturer of various power-related products for companies such as Saudi Aramco (Saudi Arabia) and Saudi Electric Company (Saudi Arabia). The company offers various other products such as MV switchgears, MV/LV soft starters, LV VFDs, LV switchgears & control gears, pad mounted switchgears, and pad mounted metering units.
- Orecco Electric (China) Orecco Electric is a leading manufacturer of electrical equipment and components for medium power distribution. The companys ring main units are gas insulated and suitable for applications such as urban residential quarters, high-rise buildings, large-scale public buildings, factory enterprises, and others. Orecco Electrics ring main units have the advantages of good operation reliability, low maintenance, and low prices. The company has six factories located in China, which manufacture high-end products.
Ring Main Unit Market and Top Applications
Top applications in Ring Main Unit Market are:
- Distribution Utilities
- Industries
- Infrastructure & Transportation
- Distribution Utilities Increasing T&D investments to meet the growing power demand will drive the distribution utilities segment in the ring main unit market. RMUs find major applications in 11 kV and 22 kV range, which are mostly used by end users of distribution utilities such as corporate buildings, local consumers, hospitals, and real estate projects.
- Industries Industries that employ ring main units include power generation, oil & gas, mining, and manufacturing and assembly plants of industries such as plastics, paper, copper, and waste treatment, among others. Advantages of using ring main units such as uninterrupted power supply and fault protection will drive the industries segment.
Ring Main Unit Market and Top Types
Top types in Ring Main Unit Market are:
- Gas Insulated
- Air Insulated
- Gas Insulated A gas insulated ring main unit is a metal-encapsulated and factory-built switchgear that uses SF6 gas as an electrical insulator. The applications of gas insulated ring main units include railway systems, wind power plants, power grids, underground installations, and mining applications. The gas insulated segment is expected to have a larger market share due to compact size, better functionality, and climatic resistance.
- Air Insulated An air insulated ring main unit consists of either a combination of vacuum circuit breaker and load-break switches or multiple combinations of load-break switches. The applications of air insulated ring main units include cable charging, transformer switching, and secondary distribution network. Air insulated ring main units use dry air as an insulation medium. The usage of dry air as an electrical insulator reduces carbon footprint and is one of the reasons behind the growth of the air insulated ring main unit market.
Ring Main Unit Market and Top Use Cases
Top use cases in Ring Main Unit Market are:
- January 2020 Siemens is planning to acquire 99% of the equity share capital of C&S Electric (India) for USD 299 million by the end of December 2020. The acquisition is expected to address the rising demand for low-voltage power distribution in India and also serve customers requiring electrification in areas, including construction, industry, data centers, smart campuses, and other city infrastructure.
- March 2019 Siemens launched SF6-free medium-voltage ring main unit. The gas contained in the ring main unit consists only of natural constituents of ambient air and insulates the current-carrying conductors inside the housing. The use of "Clean Air" makes it easy to handle throughout its entire lifecycle.
- March 2018 ABB introduced ring main unit digital upgradethe latest solution to upgrade existing secondary switchgear, enhanced to meet the increasing demands for smart automation solutions in secondary distribution networks.
[169 Pages Report] The global ring main unit market size is projected to reach USD 2.5 billion by 2025 from an estimated value of USD 1.6 billion in 2020, at a CAGR of 9.3% during the forecast period. Capacity additions, increasing electricity demand, and industrialization projects in the countries such as China, Japan, India, and South Korea are the main reasons spurring the growth of the ring main unit market in the region. In India, factors such as rural electrification, adoption of smart grids, and substation automation projects are increasing the demand for ring main units. As per the Indian Electrical and Electronics Manufacturers Association (IEEMA), electricity generation capacity is expected to increase from 200 GW in 2010 to over 800 GW by 2032 to meet the increasing demand. Hence, these developments are likely to drive the ring main unit market.
The gas insulated segment is projected to be the largest ring main unit market, by type, during the forecast period
The ring main unit market has been segmented, by type, into gas insulated, oil insulated, air insulated, and solid dielectric insulated. The applications of gas insulated ring main unitd include railway systems, wind power plants, power grids, underground installations, and mining applications. The gas insulated segment is expected to have a larger market share due to the compact size, better functionality, and climatic resistance of these ring main units. According to China Electricity Council (CEC), power consumption in China is expected to reach 8,100 TWh by 2020. These developments are likely to fuel the ring main unit demand.
The up to 15 kV segment is projected to be the fastest growing market during the forecast period
The ring main unit market has been segmented, by voltage rating, into up to 15 kV, 1625 kV, and above 25 kV. According to the data published by The International Energy Agency (IEA), the global electricity demand will grow at 2.1% per year to 2040. This reflects huge amount of investments in the development and enhancement of distribution utilities infrastructure in the coming future, which will propel the demand for ring main units.
The distribution utilities segment is projected to be the fastest growing ring main unit market, by application, during the forecast period
The ring main unit market has been categorized on the basis of application into distribution utilities, industries, and infrastructure & transportation. Growing power requirements due to rising population and fast-track urbanization have resulted in the expansion of T&D networks across the globe. The subsequent rise in the number of substations will lead to remarkable growth in the demand for ring main units during the forecast period. Global distribution utilities are facing various challenges such as aging workforce that cannot be replaced because of lack of skilled workforce. Also COVID-19 has further exacerbated the situation because manual intervention in the field is still required. Because of lockdowns across countries, utilities are on a standstill, which has led to losses for companies. This has had a negative impact on the ring main unit market.
Asia Pacific is projected to be the largest market during the forecast period
In this report, the ring main unit market is segmented into six regions, namely, Asia Pacific, Europe, North America, South America, Middle East, and Africa. Asia Pacific is predicted to account for the largest ring main unit market share from 2020 to 2025. Urbanization and industrialization, along with increasing electricity consumption demand in China, Japan, and India, are likely to drive the ring main unit market in the region.
Key Market Players
The major players in the ring main unit market 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), and ENTEC Electric & Electronic (South Korea).
Eaton is one of the leading power management equipment manufacturers that provide energy-efficient solutions to manage electrical, mechanical, and hydraulic power. The company operates through six business segments, namely, electrical products, electrical systems and services, hydraulics, aerospace, vehicle, and eMobility. The company offers ring main units through its electrical products business segment. Eatons electrical products business segment consists of electrical components, industrial components, residential products, single phase power quality, emergency lighting, fire detection, wiring devices, structural support systems, circuit protection, and lighting products. The company adopted both organic and inorganic growth strategy. For instance, in December 2019, Eaton launched HMH 12 kV to 36 kV and URING 36 kV SF6 RMUs in the Indian market. Eaton's RMUs are designed for harsh environments, meeting the stringent temperature, humidity, and altitude requirements. Also, digitalization initiatives gained considerable momentum in 2019 for the company, making it invest continuously in digital innovations to increase efficiency with advanced intelligence.
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|
Report Metric |
Details |
|
Market size available for years |
20182025 |
|
Base year considered |
2019 |
|
Forecast period |
20202025 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Type, Installation, Application, Voltage Rating, and Region |
|
Geographies covered |
Asia Pacific, North America, Europe, South America, Middle East, and Africa |
|
Companies covered |
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), and ENTEC Electric & Electronic (South Korea). |
This research report categorizes the ring main unit market by type, installation, application, voltage rating, and region.
By Type
- Gas Insulated
- Oil Insulated
- Air Insulated
- Solid Dielectric
By Installation
- Outdoor
- Indoor
By Application
- Distribution Utilities
- Industries
- Infrastructure & Transportation
By Voltage Rating
- Up to 15 kV
- 1625 kV
- Above 25 kV
By Region:
- Asia Pacific
- North America
- Europe
- South America
- Middle East
- Africa
Recent Developments
- In April 2020, Larsen & Toubro was awarded a contract to strengthen the urban HT line distribution network in Chennai with the addition of ring main units and feeder remote terminal units on a total turnkey basis. Also, fully automated, unmanned 33 kV gas Insulated substations will be established at selected locations.
- In March 2019, Siemens launched SF6-free medium-voltage ring main unit. The gas contained in the ring main unit consists only of natural constituents of ambient air and insulates the current-carrying conductors inside the housing. The use of "Clean Air" makes it easy to handle throughout its entire lifecycle.
- In March 2018, C&S Electric unveiled a slew of innovative products in LV and MV switchgear segments at the ELECRAMA. The company also unveiled a ring main uni-a passive device, integrated with an intelligent FRTU to make it ready for DMS (Distribution Management System).
Key Questions Addressed by the Report
- What are the revolutionary technology trends that could be witnessed over the next five years?
- What will be the revenue pockets for the ring main unit market in the next five years?
- Which of the type segments will have the maximum opportunity to grow during the forecast period?
- Which will be the leading regions with the largest market share by 2025?
- How are the companies implementing organic and inorganic strategies to gain increased ring main unit market share?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENT
1 INTRODUCTION (Page No. - 19)
1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.2.1 RING MAIN UNIT MARKET, BY INSTALLATION: INCLUSIONS & EXCLUSIONS
1.2.2 RING MAIN UNIT MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS
1.2.3 RING MAIN UNIT MARKET, BY VOLTAGE RATING: INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.8.1 DEMAND HAS NOT INCREASED AS EXPECTED
2 RESEARCH METHODOLOGY (Page No. - 24)
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
2.2 SCOPE
2.3 MARKET SIZE ESTIMATION
2.3.1 DEMAND-SIDE ANALYSIS
2.3.1.1 Calculation
2.3.1.2 Assumptions
2.3.2 SUPPLY-SIDE ANALYSIS
2.3.2.1 Calculation
2.3.2.2 Assumptions
2.3.3 FORECAST
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
2.5 PRIMARY INSIGHTS
3 EXECUTIVE SUMMARY (Page No. - 33)
4 PREMIUM INSIGHTS (Page No. - 40)
4.1 ATTRACTIVE OPPORTUNITIES IN THE RING MAIN UNIT MARKET DURING THE FORECAST PERIOD
4.2 RING MAIN UNIT MARKET, BY REGION
4.3 RING MAIN UNIT MARKET, BY TYPE
4.4 RING MAIN UNIT MARKET, BY INSTALLATION
4.5 RING MAIN UNIT MARKET, BY APPLICATION
4.6 RING MAIN UNIT MARKET, BY VOLTAGE RATING
5 MARKET OVERVIEW (Page No. - 43)
5.1 INTRODUCTION
5.2 COVID-19 HEALTH ASSESSMENT
5.3 MARKET DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Increasing capacity additions and enhancement plans for distribution networks
5.3.1.2 Modernization of existing power infrastructure by integrating it with smart capabilities
5.3.2 RESTRAINTS
5.3.2.1 Reduced profit margins of utilities due to declining energy cost
5.3.2.2 High cost as compared to conventional switchgears
5.3.3 OPPORTUNITIES
5.3.3.1 Growing renewable energy sector
5.3.4 CHALLENGES
5.3.4.1 Presence of low-quality counterfeits and gray market
5.3.4.2 Increasing product cost due to shortage of components/parts due to COVID-19
5.4 VALUE CHAIN ANALYSIS
5.4.1 RAW MATERIAL SUPPLIERS
5.4.2 COMPONENT MANUFACTURING
5.4.3 HARDWARE ASSEMBLY
5.4.4 DISTRIBUTION & POST-SALES SERVICES
5.5 CASE STUDY ANALYSIS
5.5.1 RING MAIN UNITS FOR UTILITIES
5.5.1.1 SάC Coburg used eco-friendly ring main units from ABB which helped in increasing reliability of power supply
5.5.1.2 Tenega Naisonal Berhad used sabre ring main units from Lucy Electric to develop electrical distribution infrastructure
6 SCENARIO ANALYSIS (Page No. - 53)
6.1 SCENARIO ANALYSIS
6.1.1 OPTIMISTIC SCENARIO
6.1.2 REALISTIC SCENARIO
6.1.3 PESSIMISTIC SCENARIO
7 RING MAIN UNIT MARKET, BY TYPE (Page No. - 57)
7.1 INTRODUCTION
7.2 GAS INSULATED
7.2.1 ADVANTAGE OF COMPACTNESS TO DRIVE THE SEGMENT
7.3 AIR INSULATED
7.3.1 MODERNIZATION OF ELECTRICITY DISTRIBUTION IN DEVELOPING COUNTRIES WIL DRIVE THE SEGMENT
7.4 OIL INSULATED
7.4.1 GROWING INDUSTRIAL SECTOR IN ASIA PACIFIC AND MIDDLE EAST WIL DRIVE THE SEGMENT
7.5 SOLID DIELECTRIC
7.5.1 BENEFITS LIKE OPERATIONAL SAFETY AND LOW CARBON EMISSIONS TO DRIVE THE SEGMENT
8 RING MAIN UNIT MARKET, BY INSTALLATION (Page No. - 63)
8.1 INTRODUCTION
8.2 OUTDOOR
8.2.1 INCREASING INSTALLATION OF SOLAR AND WIND POWER PLANTS WILL DRIVE THE SEGMENT
8.3 INDOOR
8.3.1 GROWING INDUSTRIAL & COMMERCIAL SECTORS IN DEVELOPING COUNTRIES WILL DRIVE THE SEGMENT
9 RING MAIN UNIT MARKET, BY APPLICATION (Page No. - 67)
9.1 INTRODUCTION
9.2 DISTRIBUTION UTILITIES
9.2.1 INCREASING T&D INVESTMENTS TO MEET THE GROWING POWER DEMAND WILL DRIVE THE SEGMENT
9.3 INDUSTRIES
9.3.1 ADVANTAGES SUCH AS UNINTERRUPTED POWER SUPPLY AND FAULT PROTECTION WILL DRIVE THE SEGMENT
9.4 INFRASTRUCTURE & TRANSPORTATION
9.4.1 GROWING DEMAND FOR USING SMART DISTRIBUTION NETWORKS TO DRIVE THE SEGMENT
10 RING MAIN UNIT MARKET, BY VOLTAGE RATING (Page No. - 72)
10.1 INTRODUCTION
10.2 UP TO 15 KV
10.2.1 INCREASING COMMERCIAL ESTABLISHMENTS TO DRIVE THE SEGMENT
10.3 1625 KV
10.3.1 INCREASING INVESTMENTS IN RAILWAYS AND GROWING USAGE IN SMALL-SCALE INDUSTRIES TO DRIVE THE SEGMENT
10.4 ABOVE 25 KV
10.4.1 GROWING USAGE IN LARGE-SCALE INDUSTRIES WILL DRIVE DEMAND
11 RING MAIN UNIT MARKET, BY REGION (Page No. - 77)
11.1 INTRODUCTION
11.2 IMPACT OF COVID-19 ON GLOBAL RING MAIN UNIT MARKET
11.3 NORTH AMERICA
11.3.1 IMPACT OF COVID-19 ON NORTH AMERICA
11.3.1.1 US
11.3.1.1.1 Modernization of aging infrastructure is expected to boost the ring main unit demand in the US
11.3.1.2 Canada
11.3.1.2.1 Increasing investments in wind energy to foster the ring main unit demand in Canada
11.3.1.3 Mexico
11.3.1.3.1 Increasing investments in electric power infrastructure and focus on renewable power generatio to boost the demand in Mexico
11.4 EUROPE
11.4.1 IMPACT OF COVID-19 ON EUROPE
11.4.1.1 Germany
11.4.1.1.1 Growth in economy and sustainable growth in the renewable sector to boost the market in Germany
11.4.1.2 France
11.4.1.2.1 Growth in renewable energy consumption to drive the ring main unit market in France
11.4.1.3 UK
11.4.1.3.1 Increase in T&D investments and clean energy targets drive the market in the UK
11.4.1.4 Rest of Europe
11.5 ASIA PACIFIC
11.5.1 IMPACT OF COVID-19 ON ASIA PACIFIC
11.5.1.1 India
11.5.1.1.1 Renovating existing power plants and expanding power capacity might fuel the demand for ring main units in India
11.5.1.2 Japan
11.5.1.2.1 Focus on the rebuilding of power grids and substations might drive the ring main unit demand in the country
11.5.1.3 China
11.5.1.3.1 Shift toward unconventional resources of energy to the renewables likely to create growth opportunities in the country
11.5.1.4 Malaysia
11.5.1.4.1 Efforts to reduce CO2 emissions by diversifying electricity fuel mix to drive the market in Malaysia
11.5.1.5 South Korea
11.5.1.5.1 Government initiative toward power generation through renewable energy sources might drive the South Korean ring main unit market
11.5.1.6 Rest of Asia Pacific
11.6 MIDDLE EAST
11.6.1 IMPACT OF COVID-19 ON THE MIDDLE EAST
11.6.1.1 Saudi Arabia
11.6.1.1.1 Investment in power projects is expected to drive the market in Saudi Arabia
11.6.1.2 UAE
11.6.1.2.1 Growth in infrastructure and shift toward renewable energy to fuel the demand in the UAE
11.6.1.3 Kuwait
11.6.1.3.1 Rise in demand for electricity to boost the demand in Kuwait
11.6.1.4 Qatar
11.6.1.4.1 Growth in investments in the renewable sector is likely to drive Qatars market
11.6.1.5 Rest of the Middle East
11.7 AFRICA
11.7.1 IMPACT OF COVID-19 ON AFRICA
11.7.1.1 South Africa
11.7.1.1.1 Increasing electricity demand & investments in the power sector to drive the South African market
11.7.1.2 Egypt
11.7.1.2.1 Government initiative to expand power generation capacity is likely to bring ring main unit demand in the country
11.7.1.2.2 Rest of Africa
11.8 SOUTH AMERICA
11.8.1 IMPACT OF COVID-19 ON SOUTH AMERICA
11.8.1.1 Brazil
11.8.1.1.1 Modernization of existing power infrastructure and high electricity demand in the country to increase demand for ring main units
11.8.1.2 Argentina
11.8.1.2.1 Increasing renewable energy capacity to foster the demand in Argentina
11.8.1.3 Rest of South America
12 COMPETITIVE LANDSCAPE (Page No. - 122)
12.1 OVERVIEW
12.2 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
12.3 MARKET EVALUATION FRAMEWORK
12.4 KEY MARKET DEVELOPMENTS
12.4.1 NEW PRODUCT LAUNCHES
12.4.2 INVESTMENTS & EXPANSIONS
12.4.3 CONTRACTS & AGREEMENTS
12.4.4 MERGERS & ACQUISITIONS
13 COMPANY EVALUATION MATRIX AND COMPANY PROFILES (Page No. - 127)
13.1 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY
13.1.1 STAR
13.1.2 INNOVATORS
13.1.3 PERVASIVE
13.1.4 EMERGING COMPANIES
13.2 COMPANY PROFILE
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.2.1 ABB
13.2.2 SIEMENS
13.2.3 EATON
13.2.4 SCHNEIDER ELECTRIC
13.2.5 LARSEN & TOUBRO
13.2.6 LS ELECTRIC
13.2.7 LUCY ELECTRIC
13.2.8 C&S ELECTRIC
13.2.9 TIEPCO
13.2.10 ENTEC ELECTRIC & ELECTRONIC
13.2.11 ORECCO ELECTRIC
13.2.12 ORMAZABAL
13.2.13 NATUS
13.2.14 ALFANAR
13.2.15 WENZHOU ROCKWELL TRANSFORMER
13.2.16 YUEQING LIYOND ELECTRIC
13.2.17 CHINA TRANSPOWERS ELECTRIC
13.2.18 INDKOM ENGINEERING
13.2.19 HUNAN ELECTRIC UNION
13.2.20 SWATI SWITCHGEARS
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
14 APPENDIX (Page No. - 162)
14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
LIST OF TABLES (110 Tables)
TABLE 1 RING MAIN UNIT MARKET SNAPSHOT
TABLE 2 NEW CAPACITY ADDITIONS IN 2019 (MW)
TABLE 3 TABLE 1: COUNTRY-WISE PERCENTAGE DEVIATION FROM BENCHMARKS DUE TO COVID-19
TABLE 4 OPTIMISTIC SCENARIO: RING MAIN UNIT MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 5 REALISTIC SCENARIO: RING MAIN UNIT MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 6 PESSIMISTIC SCENARIO: RING MAIN UNIT MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 7 RING MAIN UNIT MARKET SIZE, BY TYPE, 20182025 (USD MILLION)
TABLE 8 GAS INSULATED: RING MAIN UNIT MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 9 AIR INSULATED: RING MAIN UNIT MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 10 OIL INSULATED: RING MAIN UNIT MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 11 SOLID DIELECTRIC: RING MAIN UNIT MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 12 RING MAIN UNIT MARKET SIZE, BY INSTALLATION, 20182025 (USD MILLION)
TABLE 13 OUTDOOR: RING MAIN UNIT MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 14 INDOOR: RING MAIN UNIT MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 15 RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 16 DISTRIBUTION UTILITIES: RING MAIN UNIT MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 17 INDUSTRIES: RING MAIN UNIT MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 18 INFRASTRUCTURE & TRANSPORTATION: RING MAIN UNIT MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 19 RING MAIN UNIT SIZE, BY VOLTAGE RATING, 20182025 (USD MILLION)
TABLE 20 UP TO 15 KV: RING MAIN UNIT MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 21 1625 KV: MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 22 ABOVE 25 KV: MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 23 RING MAIN UNIT MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 24 RING MAIN UNIT MARKET SIZE, BY REGION, 20182025 (UNITS)
TABLE 25 GLOBAL: RING MAIN UNIT MARKET SIZE, BY COVID-19 SITUATION, 20182025 (USD MILLION)
TABLE 26 NORTH AMERICA: RING MAIN UNIT MARKET SIZE, BY TYPE, 20182025 (USD MILLION)
TABLE 27 NORTH AMERICA: MARKET SIZE, BY INSTALLATION, 20182025 (USD MILLION)
TABLE 28 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 29 NORTH AMERICA: MARKET SIZE, BY VOLTAGE RATING, 20182025 (USD MILLION)
TABLE 30 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 31 NORTH AMERICA: MARKET SIZE, BY COVID-19 SITUATION, 20182025 (USD MILLION)
TABLE 32 US: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 33 US: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 34 CANADA: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 35 CANADA: INSTALLATION SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 36 MEXICO: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 37 MEXICO: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 38 EUROPE: RING MAIN UNIT MARKET SIZE, BY TYPE, 20182025 (USD MILLION)
TABLE 39 EUROPE: MARKET SIZE, BY INSTALLATION, 20182025 (USD MILLION)
TABLE 40 EUROPE: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 41 EUROPE: MARKET SIZE, BY VOLTAGE RATING, 20182025 (USD MILLION)
TABLE 42 EUROPE: MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 43 EUROPE: MARKET SIZE, BY COVID-19 SITUATION, 20182025 (USD MILLION)
TABLE 44 GERMANY: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 45 GERMANY: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 46 FRANCE: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 47 FRANCE: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 48 UK: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 49 UK: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 50 REST OF EUROPE: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 51 REST OF EUROPE: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 52 ASIA PACIFIC: RING MAIN UNIT MARKET SIZE, BY TYPE, 20182025 (USD MILLION)
TABLE 53 ASIA PACIFIC: MARKET SIZE, BY INSTALLATION, 20182025 (USD MILLION)
TABLE 54 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 55 ASIA PACIFIC: MARKET SIZE, BY VOLTAGE RATING, 20182025 (USD MILLION)
TABLE 56 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 57 ASIA PACIFIC: MARKET SIZE, BY COVID-19 SITUATION, 20182025 (USD MILLION)
TABLE 58 INDIA: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 59 INDIA: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 60 JAPAN: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 61 JAPAN: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 62 CHINA: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 63 CHINA: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 64 MALAYSIA: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 65 MALAYSIA: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 66 SOUTH KOREA: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 67 SOUTH KOREA: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 68 REST OF ASIA PACIFIC: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 69 REST OF ASIA PACIFIC: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 70 MIDDLE EAST: RING MAIN UNIT MARKET SIZE, BY TYPE, 20182025 (USD MILLION)
TABLE 71 MIDDLE EAST: MARKET SIZE, BY INSTALLATION, 20182025 (USD MILLION)
TABLE 72 MIDDLE EAST: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 73 MIDDLE EAST: MARKET SIZE, BY VOLTAGE RATING, 20182025 (USD MILLION)
TABLE 74 MIDDLE EAST: MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 75 MIDDLE EAST: MARKET SIZE, BY COVID-19 SITUATION, 20182025 (USD MILLION)
TABLE 76 SAUDI ARABIA: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 77 SAUDI ARABIA: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 78 UAE: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 79 UAE: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 80 KUWAIT: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 81 KUWAIT: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 82 QATAR: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 83 QATAR: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 84 REST OF THE MIDDLE EAST: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 85 REST OF THE MIDDLE EAST: RING MAIN UNIT MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 86 AFRICA: RING MAIN UNIT MARKET SIZE, BY TYPE, 20182025 (USD MILLION)
TABLE 87 AFRICA: MARKET SIZE, BY INSTALLATION, 20182025 (USD MILLION)
TABLE 88 AFRICA: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 89 AFRICA: MARKET SIZE, BY VOLTAGE RATING, 20182025 (USD MILLION)
TABLE 90 AFRICA: MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 91 AFRICA: MARKET SIZE, BY COVID-19 SITUATION, 20182025 (USD MILLION)
TABLE 92 SOUTH AFRICA: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 93 SOUTH AFRICA: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 94 EGYPT: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 95 EGYPT: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 96 REST OF AFRICA: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 97 REST OF AFRICA: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 98 SOUTH AMERICA: RING MAIN UNIT MARKET SIZE, BY TYPE, 20182025 (USD MILLION)
TABLE 99 SOUTH AMERICA: MARKET SIZE, BY INSTALLATION, 20182025 (USD MILLION)
TABLE 100 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 101 SOUTH AMERICA: MARKET SIZE, BY VOLTAGE RATING, 20182025 (USD MILLION)
TABLE 102 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 103 SOUTH AMERICA: MARKET SIZE, BY COVID-19 SITUATION, 20182025 (USD MILLION)
TABLE 104 BRAZIL: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 105 BRAZIL: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 106 ARGENTINA: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 107 ARGENTINA: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 108 REST OF SOUTH AMERICA: RING MAIN UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD THOUSAND)
TABLE 109 REST OF SOUTH AMERICA: MARKET SIZE, BY INSTALLATION, 20182025 (USD THOUSAND)
TABLE 110 MARKET EVALUATION FRAMEWORK
LIST OF FIGURES (57 Figures)
FIGURE 1 MNM DOWNGRADES ITS FORECAST OF RING MAIN UNIT MARKET (20182021)
FIGURE 2 RING MAIN UNIT MARKET: RESEARCH DESIGN
FIGURE 3 MAIN METRICS CONSIDERED IN ASSESSING DEMAND FOR RING MAIN UNITS
FIGURE 4 SUPPLY-SIDE ANALYSIS
FIGURE 5 MAIN METRICS CONSIDERED IN ASSESSING SUPPLY FOR RING MAIN UNIT
FIGURE 6 REVENUE ANALYSIS, 2019
FIGURE 7 DATA TRIANGULATION METHODOLOGY
FIGURE 8 KEY SERVICE PROVIDERS POINTS OF VIEW
FIGURE 9 SCENARIO ANALYSIS: RING MAIN UNIT MARKET, 20182025
FIGURE 10 SCENARIO ANALYSIS: RING MAIN UNIT MARKET,
FIGURE 11 ASIA PACIFIC IS EXPECTED TO DOMINATE THE MARKET IN TERMS OF CAGR (20202025)
FIGURE 12 GAS INSULATED SEGMENT IS EXPECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD
FIGURE 13 OUTDOOR SEGMENT IS EXPECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD
FIGURE 14 DISTRIBUTION UTILITIES SEGMENT IS EXPECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD
FIGURE 15 UP TO 15 KV SEGMENT IS EXPECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD
FIGURE 16 RISING DEMAND FOR POWER GENERATION AND SHIFT TOWARD RENEWABLE ENERGY SOURCES ARE DRIVING THE RING MAIN UNIT MARKET, 20202025
FIGURE 17 ASIA PACIFIC MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 18 GAS INSULATED SEGMENT DOMINATED THE RING MAIN UNIT MARKET IN 2019
FIGURE 19 OUTDOOR SEGMENT DOMINATED THE MARKET IN 2019
FIGURE 20 DISTRIBUTION UTILITIES SEGMENT DOMINATED THE MARKET IN 2019
FIGURE 21 UP TO 15 KV SEGMENT DOMINATED THE MARKET IN 2019
FIGURE 22 COVID-19 THE GLOBAL PROPAGATION
FIGURE 23 RING MAIN UNIT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 24 NEW CAPACITY ADDITIONS (MW), 2019
FIGURE 25 RENEWABLE COST (USD/KWH) FOR POWER GENERATION (20102022)
FIGURE 26 POWER GENERATION INVESTMENT, USD BILLION (2018)
FIGURE 27 RING MAIN UNIT VALUE CHAIN
FIGURE 28 CRITERIA IMPACTING THE ECONOMY
FIGURE 29 GAS INSULATED SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2019
FIGURE 30 OUTDOOR SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2019
FIGURE 31 DISTRIBUTION UTILITIES SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2019
FIGURE 32 UP TO 15 KV SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2019
FIGURE 33 REGIONAL SNAPSHOT: ASIA PACIFIC IS PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 34 RING MAIN UNIT MARKET SHARE (VALUE), BY REGION, 2019
FIGURE 35 GLOBAL RING MAIN UNIT MARKET: COVID-19 IMPACT
FIGURE 36 NORTH AMERICA: MARKET SNAPSHOT
FIGURE 37 NORTH AMERICA: COVID-19 IMPACT ON THE MARKET, 20182025 (USD MILLION)
FIGURE 38 EUROPE: COVID-19 IMPACT ON THE MARKET, 20182025 (USD MILLION)
FIGURE 39 ASIA PACIFIC: MARKET SNAPSHOT
FIGURE 40 ASIA PACIFIC: COVID-19 IMPACT ON THE MARKET, 20182025 (USD MILLION)
FIGURE 41 MIDDLE EAST: COVID-19 IMPACT ON THE MARKET, 20182025 (USD MILLION)
FIGURE 42 AFRICA: COVID-19 IMPACT ON THE MARKET, 20182025 (USD MILLION)
FIGURE 43 SOUTH AMERICA: COVID-19 IMPACT ON THE MARKET, 20182025 (USD MILLION)
FIGURE 44 KEY DEVELOPMENTS IN THE RING MAIN UNIT MARKET DURING JANUARY 2016MAY 2020
FIGURE 45 REVENUE ANALYSIS, 2019
FIGURE 46 RING MAIN UNIT MARKET COMPETITIVE LEADERSHIP MAPPING
FIGURE 47 ABB: COMPANY SNAPSHOT
FIGURE 48 ABB: SWOT ANALYSIS
FIGURE 49 SIEMENS: COMPANY SNAPSHOT
FIGURE 50 SIEMENS: SWOT ANALYSIS
FIGURE 51 EATON: COMPANY SNAPSHOT
FIGURE 52 EATON: SWOT ANALYSIS
FIGURE 53 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
FIGURE 54 SCHNEIDER ELECTRIC: SWOT ANALYSIS
FIGURE 55 LARSEN & TOUBRO: COMPANY SNAPSHOT
FIGURE 56 LARSEN & TOUBRO: SWOT ANALYSIS
FIGURE 57 LS ELECTRIC: COMPANY SNAPSHOT
This study involved four major activities in estimating the current size of the ring main unit market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. The market breakdown and data triangulation techniques were employed to estimate the market size of the segments and the corresponding subsegments.
Secondary Research
This research study involved the use of extensive secondary sources, directories, and databases, such as UNCTAD data, industry publications, several newspaper articles, Statista Industry Journal, Factiva, and ring main unit journals, to identify and collect information useful for a technical, market-oriented, and commercial study of the ring main unit market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The ring main unit market comprises several stakeholders such as government & research organizations, institutional investors, investors/shareholders, manufacturers associations, ring main unit product manufacturers, and ring main unit OEMs. The supply side is characterized by the increasing adoption of new product launches, contracts & agreements, and investments & expansions among leading players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the size of the global ring main unit market and its dependent submarkets. These methods were also extensively used to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market were identified through extensive secondary research, and their market shares in the respective regions were determined through both primary and secondary research.
- The industrys supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares split, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed to estimate the global ring main unit market due to COVID-19 impact and arrive at the exact statistics for all segments and subsegments, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Report Objectives
- To define, describe, segment, and forecast the ring main unit market by type, installation, application, voltage rating, and region
- To provide detailed information on the significant factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- Providing detailed information about the impact of COVID-19 on ring main unit value chain and its impact on various stakeholders such as raw material suppliers, RMU manufacturers, suppliers, utility operators, and others
- To strategically analyze the market for individual growth trends, future expansions, and contribution of each segment to the market
- To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
- To forecast the growth of the market for the regions, namely, Asia Pacific, North America, Europe, South America, Middle East, and Africa
- To profile and rank key players and comprehensively analyze their respective market shares
- To analyze competitive developments such as contracts & agreements, investments & expansions, new product launches, and mergers & acquisitions in the ring main unit market
- Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions due to COVID-19
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Regional Analysis
- Further breakdown of region or country-specific analysis
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
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Growth opportunities and latent adjacency in Ring Main Unit Market