Ring Main Unit Market

Ring Main Unit Market by Insulation Type (Gas-insulated, Air-insulated, Oil-insulated, Solid Dielectric), Installation (Indoor, Outdoor), Voltage Rating (Up to 15 kV, 15 kV–25 kV, Above 25 kV), Structure, Application, Region - Global Forecast to 2027

Report Code: EP 4041 Nov, 2022, by marketsandmarkets.com

[200 Pages Report] The global ring main unit market size will grow to USD 3.0 billion by 2027 from USD 2.3 billion in 2022, at a CAGR of 6.0% during the forecast period. The market growth can be attributed to the increasing capacity additions and enhancement plans for distribution networks and modernization of existing power infrastructure.

Ring Main Unit Market

To know about the assumptions considered for the study, Request for Free Sample Report

Ring Main Unit Market Dynamics

Driver: Focus on the strengthening of power distribution infrastructure

After a small decline in 2020, global electricity demand increased by 6% in 2021. It was the highest annual increase in absolute terms (nearly 1500 TWh) and the largest percentage gain since the financial crisis ended in 2010, according to IEA Market Report 2022. China accounted for over half of the worldwide growth, with demand increasing by 10%. A quick economic recovery, combined with more extreme weather conditions than in 2020, notably a colder-than-average winter, boosted global electricity demand. The industrial sector, followed by the commercial and services sectors, and finally, the residential sector, contributed the most to the demand increase.

The US experiences more blackouts than any other developed nation; power outages last more than an hour and have increased steadily over the past few years, costing American businesses about USD 150 billion per year. For instance, in February 2021, Texas saw record-low temperatures, and snow and ice made highways impassable. The state's electric grid operator lost control of the power supply, leaving millions without power. The main reasons behind the increasing number of blackouts are aging infrastructure, lack of investments, and lack of clear policy to modernize the grid.

Ring main units are used to provide an uninterrupted power supply by making a ring of the power supply network so that supply can be fed from the alternative source on the failure of the primary source of power supply. A ring main unit is an all-in-one solution because it is safe, easy to install, and maintain-free, helping utilities improve network reliability and uptime and reduce operating costs.

Restraint: Emission regulations restricting the use of SF6

SF6 is also classified as a "greenhouse gas" (GHG). SF6 is the most potent GHG in global warming potential among the group of chemicals known as fluorinated gases (GWP). Strict measures have been put in place to limit SF6 emissions, including restrictions on its use. In 1997, the Environmental Protection Agency (EPA) began looking into SF6 in the US. It became mandatory to record equipment with a nameplate capacity of 17,820 lb. or higher in 2012. As a result, emissions have decreased significantly.

Regulatory agencies are increasingly examining SF6 due to its environmental impact. The EU F-gas regulations of 2006 and 2014 (in the framework of its F-Gas Regulation No. 517/2014) tightened the restrictions on the use of SF6 in ring main units. In 2022, a second revision of the legislation will review new technologies on the market and whether it is possible to restrict the use of SF6 even more. SF6 emissions from electrical equipment are substantially higher in the US than in European countries, and the Air Resource Board California reduced the permissible annual emissions from 10% in 2010 to 1% in 2020.

This could lead to even stricter restrictions on the use of SF6. Most regulations that may eventually govern the use of SF6 deal with the chemically related group of fluorinated gases known as F-gases. This includes both hydrofluorocarbons (HFCs), which have a short lifetime in the atmosphere, and perfluorocarbons (PFCs), which have a long lifetime. More environmentally friendly alternatives have largely replaced HFCs and PFCs. As F-gas rules become more stringent, they will have a greater impact on SF6; this will affect the ring main unit market.

Opportunities: 1.2.3.2 Growing deployment of smart grids and digitization

The development of smart grids is essential if the global community is to achieve shared goals for energy security, economic development, and climate change mitigation. Smart grids enable increased demand response and energy efficiency, integration of variable renewable energy resources and electric vehicle recharging services, while reducing peak demand and stabilizing the electricity system. Large-scale pilot projects are urgently needed in all regions of the world to test various business models and then adapt them to local circumstances. Countries and regions will use smart grids for different purposes; emerging economies may leapfrog directly to smart electricity infrastructure, while OECD countries are already investing in incremental improvements to existing grids and small-scale pilot projects. The RMU of the future is safe, robust, cyber-secure, green, and digital, and able to meet the demands of smart grid evolution with high distributed energy resources integration.

Challenges: High competition from players of the unorganized sector

Low-cost counterfeits that imitate original products can be found at local marketplaces. These products are usually exact copies of high-end products offered by major players. Though these counterfeit products are cost-efficient, they are prone to accidents such as short circuits, leading to fires, shocks, or explosions. These products are not sold in accordance with the norms and conditions set by the manufacturers. This market has flourished with the sales of products on online marketplaces, where customers are unable to physically verify the products. These challenges can best be overcome by educating customers about such counterfeits.

Market Trends

Ring Main Unit Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Gas-insulated segment, by insulation type, is expected to be the largest segment during the forecast period

The gas-insulated segment is expected to be the largest segment during the forecast period. Gas-insulated ring main units find applications in railway systems, wind power plants, power grids, underground installations, and mining. The gas-insulated segment is expected to have a larger market share than other segments due to its compact size, better functionality, and climatic resistance.

By installation, the outdoor segment is expected to be the fastest-growing segment in the global ring main unit market during the forecast period

By installation, the ring main unit market has been segmented into indoor and outdoor. The outdoor segment is expected to grow at a higher rate than the indoor segment during the forecast period. Distribution utilities are the major end users of outdoor ring main units. Growing investments in the renewable sector will lead to a rise in the number of renewable power plants that would require an increase in the distribution network capacities, which, in turn, is expected to propel the demand for outdoor ring main units.

“Asia Pacific: The fastest-growing ring main unit market.”

Asia Pacific is expected to be the fastest-growing market for ring main units between 2022 and 2027, followed by Europe and North America. Capacity additions, increasing electricity demand, and industrialization projects in 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, the adoption of smart grids, and substation automation projects are increasing the demand for ring main units.

Ring Main Unit Market Size, and Share

Key Market Players

The ring main unit market is dominated by a few major players that have a wide regional presence. The major players are ABB Ltd (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider Electric (France), LS Electric Co., Ltd (South Korea). Between 2018 and 2022, the companies adopted sales contracts as their key strategy to capture a larger share of the ring main unit market.

Ring Main Unit Market Report Scope

Report Attributes

Details

Market size value in 2022:

 USD 2.3 Billion

Projected to reach 2027:

 USD 3.0 Billion

CAGR:

 6.0%

Base Year Considered:

 2021

Forecast Period:

 2022-2027

Largest Market:

 Asia Pacific

Region Covered:

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Segments Covered:

Insulation Type, Installation, Structure, Voltage Rating, and Application, and Region

Companies Covered:

ABB Ltd (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider Electric (France), LS Electric Co., Ltd (South Korea), Lucy Electric (UK), C&S Electric Limited (India), TIEPCO (Saudi Arabia), ENTEC Electric & Electronic (South Korea), ORECCO (China), Ormazabal (Spain), NATUS GmbH & Co. KG (Germany), Alfanar (Saudi Arabia), Wenzhou Rockwill Electric Co., Ltd (China), KONCAR–Electrical Industry Inc (Croatia), Yueqing Liyond Electric Co., Ltd (China), China Transpowers Electric Co., Ltd (China), INDKOM Engineering SDN. BHD. (Malaysia), Swati Switchgears (India) Pvt. Ltd. (India), BVM Technologies Pvt. Ltd. (India)

This research report categorizes the ring main unit market by insulation type, installation, voltage rating, structure, application, and region

On the basis of insulation type:
  • Gas-insulated
  • Air-insulated
  • Oil-insulated
  • Solid dielectric
On the basis of installation:
  • Outdoor
  • Indoor
On the basis of voltage rating:
  • Up to 15 kV
  • 15–25 kV
  • Above 25 kV
On the basis of structure:
  • Extensive
  • Non-extensive
On the basis of application:
  • Distribution utilities
  • Industrial application
  • Transportation infrastructure
  • Commercial buildings
On the basis of region:
  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In April 2021, Siemens introduced the 8DJH 24 switchgear, a ring main unit for line voltages up to 24 kV.
  • In June 2022, Schneider Electric signed a contract for supplying 4,000 ring main units with four control centers to transform Egypt's national grid.
  • In April 2019, Eaton completed acquiring Ulusoy Elektrik, which is a leading manufacturer of medium-voltage electrical equipment, with 82% controlling interest.
  • In June 2018, LS Electric Co., Ltd participated in world smart energy week 2018, in which it announced that it would be providing total solutions for a renewable energy system, including ring main units, circuit breakers, and management solutions like cloud monitoring systems.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 RING MAIN UNIT MARKET, BY TYPE: INCLUSIONS & EXCLUSIONS
           1.2.2 MARKET, BY INSTALLATION: INCLUSIONS & EXCLUSIONS
           1.2.3 MARKET, BY STRUCTURE: INCLUSIONS & EXCLUSIONS
           1.2.4 MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS
           1.2.5 MARKET, BY VOLTAGE RATING: INCLUSIONS & EXCLUSIONS
           1.2.6 MARKET, BY REGION: INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
    1.4 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED
    1.6 LIMITATIONS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
           FIGURE 1 RING MAIN UNIT MARKET: RESEARCH DESIGN
    2.2 DATA TRIANGULATION
           2.2.1 SECONDARY AND PRIMARY RESEARCH
           2.2.2 SECONDARY DATA
                    2.2.2.1 List of key secondary sources
                    2.2.2.2 Key data from secondary sources
           2.2.3 PRIMARY DATA
                    2.2.3.1 Key data from primary sources
                    2.2.3.2 Breakdown of primaries
    2.3 RESEARCH SCOPE
    2.4 DEMAND-SIDE ANALYSIS
           2.4.1 BOTTOM-UP APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.4.3 DEMAND-SIDE ANALYSIS
                    FIGURE 4 PARAMETERS CONSIDERED WHILE CONSTRUCTING AND ASSESSING  DEMAND FOR RING MAIN UNITS
                    2.4.3.1 Demand-side analysis of ring main unit market
                    2.4.3.2 Key assumptions for calculating demand-side market size
           2.4.4 SUPPLY-SIDE ANALYSIS
                    FIGURE 5 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF RING MAIN UNITS
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY SIDE ANALYSIS: ILLUSTRATION OF REVENUE ESTIMATIONS FOR COMPANY IN RING  MAIN UNIT MARKET
                    2.4.4.1 Assumptions for calculating supply-side market size
                    2.4.4.2 Approach used to obtain market size using supply-side analysis
                               FIGURE 7 COMPANY REVENUE ANALYSIS, 2021
    2.5 RESEARCH ASSUMPTIONS
           2.5.1 ASSUMPTIONS
           2.5.2 LIMITATIONS
    2.6 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 48)
    TABLE 1 RING MAIN UNIT MARKET SNAPSHOT
    FIGURE 8 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN MARKET DURING 2022–2027
    FIGURE 9 GAS-INSULATED SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    FIGURE 10 OUTDOOR SEGMENT TO LEAD MARKET DURING  FORECAST PERIOD
    FIGURE 11 UP TO 15 KV SEGMENT TO REGISTER HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
    FIGURE 12 NON-EXTENSIBLE SEGMENT TO CAPTURE LARGER SIZE OF MARKET DURING FORECAST PERIOD
    FIGURE 13 DISTRIBUTION UTILITIES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE OPPORTUNITIES FOR RING MAIN UNIT MARKET PLAYERS
           FIGURE 14 SHIFT TOWARD RENEWABLE ENERGY SOURCES TO DRIVE MARKET
    4.2 MARKET, BY REGION
           FIGURE 15 ASIA PACIFIC MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 ASIA PACIFIC: MARKET, BY APPLICATION  AND COUNTRY
           FIGURE 16 DISTRIBUTION UTILITIES AND CHINA WERE LARGEST SHAREHOLDERS OF MARKET IN ASIA PACIFIC IN 2021
    4.4 MARKET, BY INSULATION TYPE
           FIGURE 17 GAS-INSULATED SEGMENT TO DOMINATE MARKET IN 2027
    4.5 MARKET, BY INSTALLATION
           FIGURE 18 OUTDOOR SEGMENT TO ACCOUNT FOR LARGER SHARE OF MARKET IN 2027
    4.6 MARKET, BY VOLTAGE RATING
           FIGURE 19 UP TO 15 KV SEGMENT TO CAPTURE LARGEST SHARE OF MARKET IN 2027
    4.7 MARKET, BY STRUCTURE
           FIGURE 20 NON-EXTENSIBLE SEGMENT TO DOMINATE MARKET IN 2027
    4.8 MARKET, BY APPLICATION
           FIGURE 21 DISTRIBUTION UTILITIES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2027

5 MARKET OVERVIEW (Page No. - 58)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 22 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Rising focus on improving power distribution infrastructure to address energy demands
                    5.2.1.2 Increase in renewable energy-based capacity addition
                               FIGURE 23 INSTALLED RENEWABLE ENERGY CAPACITY, 2016–2021
           5.2.2 RESTRAINTS
                    5.2.2.1 Regulations restricting SF6 gas emissions
                               TABLE 2 GLOBAL WARMING POTENTIAL OF GREENHOUSE GASES (100-YEAR TIME HORIZON)
                    5.2.2.2 Reduced profit margins of utilities due to declining energy cost
                               FIGURE 24 COST FOR RENEWABLE POWER GENERATION (USD/KWH), 2010–2022
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Emerging smart technologies and safer electrical equipment
                    5.2.3.2 Growing deployment of smart grids and digitalization
           5.2.4 CHALLENGES
                    5.2.4.1 High competition from unorganized sector
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
           5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR RING MAIN UNIT PROVIDERS
                    FIGURE 25 REVENUE SHIFTS FOR RING MAIN UNIT PROVIDERS
    5.4 MARKET MAP
           FIGURE 26 MARKET MAP: MARKET
           TABLE 3 MARKET: ROLE IN ECOSYSTEM
    5.5 AVERAGE SELLING PRICE TREND
           FIGURE 27 AVERAGE SELLING PRICE OF PRODUCTS OFFERED KEY PLAYERS,  BY VOLTAGE RATING
           TABLE 4 AVERAGE SELLING PRICE OF PRODUCTS OFFERED BY KEY PLAYERS,  BY VOLTAGE RATING (USD)
    5.6 VALUE CHAIN ANALYSIS
           FIGURE 28 VALUE CHAIN ANALYSIS: MARKET
           5.6.1 RAW MATERIAL PROVIDERS/SUPPLIERS
           5.6.2 COMPONENT MANUFACTURERS
           5.6.3 RING MAIN UNIT MANUFACTURERS/ASSEMBLERS
           5.6.4 DISTRIBUTORS (BUYERS)/END USERS
           5.6.5 POST-SALES SERVICES
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 SF6-FREE RING MAIN UNITS
    5.8 KEY CONFERENCES & EVENTS, 2022–2024
           TABLE 5 MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    5.9 TARIFFS, CODES, AND REGULATIONS
           5.9.1 TARIFFS RELATED TO RING MAIN UNITS
                    TABLE 6 IMPORT DATA FOR HS 8536 LOW-VOLTAGE PROTECTION EQUIPMENT, 2019
                    TABLE 7 IMPORT DATA FOR HS 8535 HIGH-VOLTAGE PROTECTION EQUIPMENT, 2019
    5.10 TRADE ANALYSIS
           5.10.1 TRADE ANALYSIS OF ELECTRICAL APPARATUS FOR SWITCHING  OR PROTECTING ELECTRICAL CIRCUITS FROM VOLTAGE EXCEEDING 1,000 VOLTS
           5.10.2 IMPORT SCENARIO
                    TABLE 8 IMPORT SCENARIO FOR HS CODE: 853590, BY COUNTRY, 2019–2021 (USD)
           5.10.3 EXPORT SCENARIO
                    TABLE 9 EXPORT SCENARIO FOR HS CODE: 853590, BY COUNTRY, 2019–2021 (USD)
           5.10.4 TRADE ANALYSIS FOR ELECTRICAL APPARATUS FOR SWITCHING  OR PROTECTING ELECTRICAL CIRCUITS FOR VOLTAGE NOT EXCEEDING 1,000 VOLTS
                    5.10.4.1 Import scenario
                               TABLE 10 IMPORT SCENARIO FOR HS CODE: 853690, BY COUNTRY, 2019–2021 (USD)
                    5.10.4.2 Export scenario
                               TABLE 11 EXPORT SCENARIO FOR HS CODE: 853690, BY COUNTRY, 2019–2021 (USD)
           5.10.5 REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
                    TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
                    TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
           5.10.6 CODES AND REGULATIONS RELATED TO RING MAIN UNITS
                    TABLE 16 RING MAIN UNITS: CODES AND REGULATIONS
    5.11 INNOVATIONS AND PATENT REGISTRATIONS
                    TABLE 17 RING MAIN UNITS: INNOVATIONS AND PATENT REGISTRATIONS, MAY 2018–APRIL 2022
    5.12 PORTER’S FIVE FORCES ANALYSIS
                    FIGURE 29 PORTER’S FIVE FORCES ANALYSIS FOR MARKET
                    TABLE 18 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.12.1 THREAT OF SUBSTITUTES
           5.12.2 BARGAINING POWER OF SUPPLIERS
           5.12.3 BARGAINING POWER OF BUYERS
           5.12.4 THREAT OF NEW ENTRANTS
           5.12.5 INTENSITY OF COMPETITIVE RIVALRY
    5.13 KEY STAKEHOLDERS & BUYING CRITERIA
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 30 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR  TOP THREE END USERS
                    TABLE 19 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
           5.13.2 BUYING CRITERIA
                    FIGURE 31 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP  THREE END USERS
                    TABLE 20 KEY BUYING CRITERIA FOR TOP THREE END USERS
    5.14 CASE STUDY ANALYSIS
           5.14.1 AEGIS 36 RING MAIN UNIT USED IN RENEWABLE PROJECT
                    5.14.1.1 Problem Statement: April 2022
                    5.14.1.2 Solution
           5.14.2 SÜC COBURG INCREASED POWER RELIABILITY WITH ABB’S SAFERING AIRPLUS RING MAIN UNITS
                    5.14.2.1 Problem statement: April 2022
                    5.14.2.2 Solution

6 RING MAIN UNIT MARKET, BY INSULATION TYPE (Page No. - 89)
    6.1 INTRODUCTION
           FIGURE 32 GAS-INSULATED SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE  IN 2021
           TABLE 21 MARKET, BY INSULATION TYPE, 2020–2027 (USD MILLION)
    6.2 GAS-INSULATED
           6.2.1 PROVIDES BETTER FUNCTIONALITY THAN OTHER TYPES
                    TABLE 22 GAS-INSULATED: MARKET, BY REGION, 2020–2027 (USD MILLION)
    6.3 AIR-INSULATED
           6.3.1 REQUIRES MORE SPACE THAN OTHER TYPES OF RING MAIN UNITS
                    TABLE 23 AIR-INSULATED: MARKET, BY REGION, 2020–2027 (USD MILLION)
    6.4 OIL-INSULATED
           6.4.1 SUITABLE FOR USE IN CORROSIVE AND HARSH ENVIRONMENTS
                    TABLE 24 OIL-INSULATED: MARKET, BY REGION, 2020–2027 (USD MILLION)
    6.5 SOLID DIELECTRIC
           6.5.1 OFFERS OPERATIONAL SAFETY WITH LOW CARBON EMISSIONS
                    TABLE 25 SOLID DIELECTRIC: MARKET, BY REGION,  2020–2027 (USD MILLION)

7 RING MAIN UNIT MARKET, BY VOLTAGE RATING (Page No. - 94)
    7.1 INTRODUCTION
           FIGURE 33 UP TO 15 KV SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2021
           TABLE 26 MARKET, BY VOLTAGE RATING, 2020–2027 (USD MILLION)
    7.2 UP TO 15 KV
           7.2.1 EXTENSIVELY USED IN COMMERCIAL ESTABLISHMENTS
                    TABLE 27 UP TO 15 KV: MARKET, BY REGION, 2020–2027 (USD MILLION)
    7.3 16–25 KV
           7.3.1 SUITABLE FOR APPLICATIONS IN SMALL-SCALE INDUSTRIES
                    TABLE 28 16–25 KV: MARKET, BY REGION, 2020–2027 (USD MILLION)
    7.4 ABOVE 25 KV
           7.4.1 SUITABLE FOR APPLICATIONS IN LARGE-SCALE INDUSTRIES
                    TABLE 29 ABOVE 25 KV: MARKET, BY REGION, 2020–2027 (USD MILLION)

8 RING MAIN UNIT MARKET, BY STRUCTURE (Page No. - 98)
    8.1 INTRODUCTION
           FIGURE 34 NON-EXTENSIBLE SEGMENT ACCOUNTED FOR LARGER MARKET SHARE  IN 2021
           TABLE 30 MARKET, BY STRUCTURE, 2020–2027 (USD MILLION)
    8.2 NON-EXTENSIBLE
           8.2.1 CAN BE EASILY COUPLED WITH DISTRIBUTION TRANSFORMERS
                    TABLE 31 NON-EXTENSIBLE: MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.3 EXTENSIBLE
           8.3.1 ALLOWS FOR FUTURE UPGRADES
                    TABLE 32 EXTENSIBLE: MARKET, BY REGION, 2020–2027 (USD MILLION)

9 RING MAIN UNIT MARKET, BY APPLICATION (Page No. - 101)
    9.1 INTRODUCTION
           FIGURE 35 DISTRIBUTION UTILITIES SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2021
           TABLE 33 MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
    9.2 DISTRIBUTION UTILITIES
           9.2.1 INCREASING T&D INVESTMENTS TO MEET GROWING POWER DEMAND TO DRIVE SEGMENT
                    TABLE 34 DISTRIBUTION UTILITIES: MARKET, BY REGION,  2020–2027 (USD MILLION)
    9.3 INDUSTRIAL APPLICATION
           9.3.1 ADVANTAGES SUCH AS UNINTERRUPTED POWER SUPPLY AND FAULT PROTECTION TO BOOST SEGMENT
                    TABLE 35 INDUSTRIAL APPLICATION: MARKET, BY REGION,  2020–2027 (USD MILLION)
    9.4 TRANSPORTATION INFRASTRUCTURE
           9.4.1 GROWING DEMAND FOR SMART DISTRIBUTION NETWORKS TO DRIVE SEGMENT
                    TABLE 36 TRANSPORTATION INFRASTRUCTURE: MARKET, BY REGION,  2020–2027 (USD MILLION)
    9.5 COMMERCIAL BUILDINGS
           9.5.1 NEED FOR UNINTERRUPTED POWER TO PROPEL ADOPTION OF RING MAIN UNITS IN COMMERCIAL BUILDINGS
                    TABLE 37 COMMERCIAL BUILDINGS: MARKET, BY REGION,  2020–2027 (USD MILLION)

10 RING MAIN UNIT MARKET, BY REGION (Page No. - 106)
     10.1 INTRODUCTION
               FIGURE 36 REGIONAL SNAPSHOT: ASIA PACIFIC PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
               FIGURE 37 MARKET SHARE (VALUE), BY REGION, 2021
               TABLE 38 MARKET, BY REGION, 2020–2027 (USD MILLION)
               TABLE 39 MARKET, BY REGION, 2020–2027 (THOUSAND UNITS)
     10.2 ASIA PACIFIC
               FIGURE 38 ASIA PACIFIC: MARKET SNAPSHOT
             10.2.1 BY INSULATION TYPE
                       TABLE 40 ASIA PACIFIC: MARKET, BY INSULATION TYPE,  2020–2027 (USD MILLION)
             10.2.2 BY INSTALLATION
                       TABLE 41 ASIA PACIFIC: MARKET, BY INSTALLATION, 2020–2027 (USD MILLION)
             10.2.3 BY VOLTAGE RATING
                       TABLE 42 ASIA PACIFIC: MARKET, BY VOLTAGE RATING,  2020–2027 (USD MILLION)
             10.2.4 BY STRUCTURE
                       TABLE 43 ASIA PACIFIC: MARKET, BY STRUCTURE, 2020–2027 (USD MILLION)
             10.2.5 BY APPLICATION
                       TABLE 44 ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
             10.2.6 BY COUNTRY
                       TABLE 45 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                       10.2.6.1 China
                                   10.2.6.1.1 Increasing investments in clean power generation to support market growth
                                   TABLE 46 CHINA: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.2.6.2 India
                                   10.2.6.2.1 Rising electrification initiatives in remote parts of India to favor market
                                   TABLE 47 INDIA: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.2.6.3 Japan
                                   10.2.6.3.1 Upgrades to aging power infrastructure to generate demand for ring main units
                                   TABLE 48 JAPAN: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.2.6.4 Malaysia
                                   10.2.6.4.1 Efforts to reduce CO2 emissions by diversifying electricity fuel mix to drive market
                                   TABLE 49 MALAYSIA: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.2.6.5 South Korea
                                   10.2.6.5.1 Government initiatives toward cleaner power generation to augment market growth
                                   TABLE 50 SOUTH KOREA: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.2.6.6 Rest of Asia Pacific
                                   TABLE 51 REST OF ASIA PACIFIC: MARKET, BY APPLICATION,  2020–2027 (USD MILLION)
     10.3 EUROPE
               FIGURE 39 EUROPE: MARKET SNAPSHOT
             10.3.1 BY INSULATION TYPE
                       TABLE 52 EUROPE: MARKET, BY INSULATION TYPE, 2020–2027 (USD MILLION)
             10.3.2 BY INSTALLATION
                       TABLE 53 EUROPE: MARKET, BY INSTALLATION, 2020–2027 (USD MILLION)
             10.3.3 BY VOLTAGE RATING
                       TABLE 54 EUROPE: MARKET, BY VOLTAGE, 2020–2027 (USD MILLION)
             10.3.4 BY STRUCTURE
                       TABLE 55 EUROPE: MARKET, BY STRUCTURE, 2020–2027 (USD MILLION)
             10.3.5 BY APPLICATION
                       TABLE 56 EUROPE: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
             10.3.6 BY COUNTRY
                       TABLE 57 EUROPE: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                       10.3.6.1 Germany
                                   10.3.6.1.1 Increasing focus on energy efficiency and grid expansion to drive market
                                   TABLE 58 GERMANY: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.3.6.2 France
                                   10.3.6.2.1 Investments in renewable energy generation to support market growth
                                   TABLE 59 FRANCE: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.3.6.3 UK
                                   10.3.6.3.1 Integration of renewables in electricity mix to boost market
                                   TABLE 60 UK: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.3.6.4 Rest of Europe
                                   TABLE 61 REST OF EUROPE: MARKET, BY APPLICATION,  2020–2027 (USD MILLION)
     10.4 NORTH AMERICA
               FIGURE 40 NORTH AMERICA: MARKET SNAPSHOT
             10.4.1 BY INSULATION TYPE
                       TABLE 62 NORTH AMERICA: MARKET, BY INSULATION TYPE,  2020–2027 (USD MILLION)
             10.4.2 BY INSTALLATION
                       TABLE 63 NORTH AMERICA: MARKET, BY INSTALLATION,  2020–2027 (USD MILLION)
             10.4.3 BY VOLTAGE RATING
                       TABLE 64 NORTH AMERICA: MARKET, BY VOLTAGE, 2020–2027 (USD MILLION)
             10.4.4 BY STRUCTURE
                       TABLE 65 NORTH AMERICA: MARKET, BY STRUCTURE, 2020–2027 (USD MILLION)
             10.4.5 BY APPLICATION
                       TABLE 66 NORTH AMERICA: MARKET, BY APPLICATION,  2020–2027 (USD MILLION)
             10.4.6 BY COUNTRY
                       TABLE 67 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                       10.4.6.1 US
                                   10.4.6.1.1 Renewable energy development plans to generate demand for ring main units
                                   TABLE 68 US: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.4.6.2 Canada
                                   10.4.6.2.1 Increasing investments in wind energy to foster market growth
                                   TABLE 69 CANADA: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.4.6.3 Mexico
                                   10.4.6.3.1 Focus on renewable power generation to strengthen market
                                   TABLE 70 MEXICO: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
     10.5 MIDDLE EAST AND AFRICA
             10.5.1 BY INSULATION TYPE
                       TABLE 71 MIDDLE EAST & AFRICA: MARKET, BY INSULATION TYPE,  2020–2027 (USD MILLION)
             10.5.2 BY INSTALLATION
                       TABLE 72 MIDDLE EAST & AFRICA: MARKET, BY INSTALLATION,  2020–2027 (USD MILLION)
             10.5.3 BY VOLTAGE RATING
                       TABLE 73 MIDDLE EAST & AFRICA: MARKET, BY VOLTAGE,  2020–2027 (USD MILLION)
             10.5.4 BY STRUCTURE
                       TABLE 74 MIDDLE EAST & AFRICA: MARKET, BY STRUCTURE,  2020–2027 (USD MILLION)
             10.5.5 BY APPLICATION
                       TABLE 75 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION,  2020–2027 (USD MILLION)
             10.5.6 BY COUNTRY
                       TABLE 76 MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY COUNTRY,  2020–2027 (USD MILLION)
                       10.5.6.1 Saudi Arabia
                                   10.5.6.1.1 Investment in power projects to drive market
                                   TABLE 77 SAUDI ARABIA: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.5.6.2 UAE
                                   10.5.6.2.1 Rapid economic development and growing demand for power to fuel market growth
                                   TABLE 78 UAE: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.5.6.3 Kuwait
                                   10.5.6.3.1 Rise in demand for electricity to push market
                                   TABLE 79 KUWAIT: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.5.6.4 Qatar
                                   10.5.6.4.1 Inflow of investments in renewable sector to foster market growth
                                   TABLE 80 QATAR: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.5.6.5 South Africa
                                   10.5.6.5.1 Increasing electricity demand and investments in the power sector to accelerate market
                                   TABLE 81 SOUTH AFRICA: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.5.6.6 Egypt
                                   10.5.6.6.1 Replacement of power generation infrastructure likely to propel demand for ring main units
                                   TABLE 82 EGYPT: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.5.6.7 Rest of the Middle East and Africa
                                   TABLE 83 REST OF MIDDLE EAST & AFRICA: MARKET, BY APPLICATION,  2020–2027 (USD MILLION)
     10.6 SOUTH AMERICA
             10.6.1 BY INSULATION TYPE
                       TABLE 84 SOUTH AMERICA: MARKET, BY INSULATION TYPE,  2020–2027 (USD MILLION)
             10.6.2 BY INSTALLATION
                       TABLE 85 SOUTH AMERICA: MARKET, BY INSTALLATION,  2020–2027 (USD MILLION)
             10.6.3 BY VOLTAGE RATING
                       TABLE 86 SOUTH AMERICA: MARKET, BY VOLTAGE, 2020–2027 (USD MILLION)
             10.6.4 BY STRUCTURE
                       TABLE 87 SOUTH AMERICA: MARKET, BY STRUCTURE, 2020–2027 (USD MILLION)
             10.6.5 BY APPLICATION
                       TABLE 88 SOUTH AMERICA: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
             10.6.6 BY COUNTRY
                       TABLE 89 SOUTH AMERICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                       10.6.6.1 Brazil
                                   10.6.6.1.1 Modernization of existing power infrastructure to induce demand for ring main units
                                   TABLE 90 BRAZIL: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.6.6.2 Argentina
                                   10.6.6.2.1 Increasing renewable energy capacity addition to lead to market expansion
                                   TABLE 91 ARGENTINA: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                       10.6.6.3 Rest of South America
                                   TABLE 92 REST OF SOUTH AMERICA: MARKET, BY APPLICATION,  2020–2027 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 140)
     11.1 STRATEGIES ADOPTED BY KEY PLAYERS
               TABLE 93 OVERVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS OF RING MAIN UNITS
     11.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2021
               FIGURE 41 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS IN RING MAIN UNIT  MARKET, 2021
               TABLE 94 MARKET: DEGREE OF COMPETITION
               FIGURE 42 MARKET SHARE ANALYSIS, 2021
     11.3 FIVE-YEAR COMPANY REVENUE ANALYSIS
               FIGURE 43 REVENUE ANALYSIS OF TOP FIVE PLAYERS IN MARKET  FROM 2017 TO 2021
     11.4 COMPANY EVALUATION QUADRANT
             11.4.1 STARS
             11.4.2 PERVASIVE PLAYERS
             11.4.3 EMERGING LEADERS
             11.4.4 PARTICIPANTS
                       FIGURE 44 MARKET (GLOBAL) KEY COMPANY EVALUATION  QUADRANT, 2021
     11.5 START-UP/SME EVALUATION QUADRANT
             11.5.1 PROGRESSIVE COMPANIES
             11.5.2 RESPONSIVE COMPANIES
             11.5.3 DYNAMIC COMPANIES
             11.5.4 STARTING BLOCKS
                       FIGURE 45 MARKET: START-UP/SME EVALUATION QUADRANT, 2021
     11.6 COMPETITIVE BENCHMARKING
               TABLE 95 MARKET: DETAILED LIST OF KEY START-UPS/SMES
               TABLE 96 MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     11.7 MARKET: COMPANY FOOTPRINT
               TABLE 97 INSULATION TYPE: COMPANY FOOTPRINT
               TABLE 98 STRUCTURE: COMPANY FOOTPRINT
               TABLE 99 BY APPLICATION: COMPANY FOOTPRINT
               TABLE 100 REGION: COMPANY FOOTPRINT
               TABLE 101 COMPANY FOOTPRINT
     11.8 COMPETITIVE SCENARIO
               TABLE 102 MARKET: PRODUCT LAUNCHES, JUNE 2018–APRIL 2021
               TABLE 103 MARKET: DEALS, APRIL 2019– JUNE 2022
               TABLE 104 MARKET: OTHERS, DECEMBER 2018– MAY 2022

12 COMPANY PROFILES (Page No. - 157)
     12.1 KEY PLAYERS
             12.1.1 ABB LTD.
                       12.1.1.1 Business overview
                                   TABLE 105 ABB LIMITED: BUSINESS OVERVIEW
                                   FIGURE 46 ABB LTD: COMPANY SNAPSHOT
                       12.1.1.2 Products/Services/Solutions offered
                                   TABLE 106 ABB LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       12.1.1.3 Recent developments
                                   12.1.1.3.1 Product launches
                                   TABLE 107 ABB LTD: PRODUCT LAUNCHES
                                   12.1.1.3.2 Others
                                   TABLE 108 ABB LTD: OTHERS
                       12.1.1.4 MnM view
                                   12.1.1.4.1 Key strategies/Right to win
                                   12.1.1.4.2 Strategic choices made
                                   12.1.1.4.3 Weaknesses/Competitive threats
             12.1.2 SIEMENS
                       12.1.2.1 Business overview
                                   TABLE 109 SIEMENS: BUSINESS OVERVIEW
                                   FIGURE 47 SIEMENS: COMPANY SNAPSHOT
                       12.1.2.2 Products/Services/Solutions offered
                                   TABLE 110 SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       12.1.2.3 Recent developments
                                   12.1.2.3.1 Product launches
                                   TABLE 111 SIEMENS: PRODUCT LAUNCHES
                                   12.1.2.3.2 Deals
                                   TABLE 112 SIEMENS: DEALS
                       12.1.2.4 MnM view
                                   12.1.2.4.1 Key strategies/Right to win
                                   12.1.2.4.2 Strategic choices made
                                   12.1.2.4.3 Weaknesses/Competitive threats
             12.1.3 EATON
                       12.1.3.1 Business overview
                                   TABLE 113 EATON: BUSINESS OVERVIEW
                                   FIGURE 48 EATON: COMPANY SNAPSHOT
                       12.1.3.2 Products/Services/Solutions offered
                                   TABLE 114 EATON: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       12.1.3.3 Recent developments
                                   12.1.3.3.1 Deals
                                   TABLE 115 EATON: DEALS
                       12.1.3.4 MnM view
                                   12.1.3.4.1 Key strategies/Right to win
                                   12.1.3.4.2 Strategic choices made
                                   12.1.3.4.3 Weaknesses/Competitive threats
             12.1.4 SCHNEIDER ELECTRIC
                       12.1.4.1 Business overview
                                   TABLE 116 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
                                   FIGURE 49 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
                       12.1.4.2 Products/Services/Solutions offered
                                   TABLE 117 SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       12.1.4.3 Recent developments
                                   12.1.4.3.1 Deals
                                   TABLE 118 SCHNEIDER ELECTRIC: DEALS
                                   12.1.4.3.2 Others
                                   TABLE 119 SCHNEIDER ELECTRIC: OTHERS
                       12.1.4.4 MnM view
                                   12.1.4.4.1 Key strategies/Right to win
                                   12.1.4.4.2 Strategic choices made
                                   12.1.4.4.3 Weaknesses/Competitive threats
             12.1.5 LS ELECTRIC CO., LTD
                       12.1.5.1 Business overview
                                   TABLE 120 LS ELECTRIC CO., LTD: BUSINESS OVERVIEW
                                   FIGURE 50 LS ELECTRIC CO., LTD: COMPANY SNAPSHOT
                       12.1.5.2 Products/Services/Solutions offered
                                   TABLE 121 LS ELECTRIC CO., LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       12.1.5.3 Recent developments
                                   12.1.5.3.1 Product launches
                                   TABLE 122 LS ELECTRIC CO., LTD: PRODUCT LAUNCHES
                       12.1.5.4 MnM view
                                   12.1.5.4.1 Key strategies/Right to win
                                   12.1.5.4.2 Strategic choices made
                                   12.1.5.4.3 Weaknesses/Competitive threats
             12.1.6 LUCY ELECTRIC
                       12.1.6.1 Business overview
                                   TABLE 123 LUCY ELECTRIC: BUSINESS OVERVIEW
                       12.1.6.2 Products/Services/Solutions offered
                                   TABLE 124 LUCY ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.7 C&S ELECTRIC LIMITED
                       12.1.7.1 Business overview
                                   TABLE 125 C&S ELECTRIC LIMITED: BUSINESS OVERVIEW
                       12.1.7.2 Products/Services/Solutions offered
                                   TABLE 126 C&S ELECTRIC LIMITED: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.8 TIEPCO
                       12.1.8.1 Business overview
                                   TABLE 127 TIEPCO: BUSINESS OVERVIEW
                       12.1.8.2 Products/Services/Solutions offered
                                   TABLE 128 TIEPCO: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.9 ENTEC ELECTRIC & ELECTRONIC
                       12.1.9.1 Business overview
                                   TABLE 129 ENTEC ELECTRIC & ELECTRONIC: BUSINESS OVERVIEW
                       12.1.9.2 Products/Services/Solutions offered
                                   TABLE 130 ENTEC ELECTRIC & ELECTRONIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.10 ORECCO
                       12.1.10.1 Business overview
                                   TABLE 131 ORECCO: BUSINESS OVERVIEW
                       12.1.10.2 Products/Services/Solutions offered
                                   TABLE 132 ORECCO: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.11 ORMAZABAL
                       12.1.11.1 Business overview
                                   TABLE 133 ORMAZABAL: BUSINESS OVERVIEW
                       12.1.11.2 Products/Services/Solutions offered
                                   TABLE 134 ORMAZABAL: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       12.1.11.3 Recent developments
                                   12.1.11.3.1 Deals
                                   TABLE 135 ORMAZABAL: DEALS
             12.1.12 NATUS GMBH & CO. KG
                       12.1.12.1 Business overview
                                   TABLE 136 NATUS GMBH & CO. KG: BUSINESS OVERVIEW
                       12.1.12.2 Products/Services/Solutions offered
                                   TABLE 137 NATUS GMBH & CO. KG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       12.1.12.3 Recent developments
                                  12.1.12.3.1 Product launches
                                                TABLE 138 NATUS GMBH & CO. KG: PRODUCT LAUNCHES
             12.1.13 ALFANAR
                       12.1.13.1 Business overview
                                   TABLE 139 ALFANAR: BUSINESS OVERVIEW
                       12.1.13.2 Products/Services/Solutions offered
                                   TABLE 140 ALFANAR: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       12.1.13.3 Recent developments
                                   12.1.13.3.1 Product launches
                                                 TABLE 141 ALFANAR: PRODUCT LAUNCHES
             12.1.14 WENZHOU ROCKWILL ELECTRIC CO., LTD
                       12.1.14.1 Business overview
                                   TABLE 142 WENZHOU ROCKWILL ELECTRIC CO., LTD: BUSINESS OVERVIEW
                       12.1.14.2 Products/Services/Solutions offered
                                   TABLE 143 WENZHOU ROCKWILL ELECTRIC CO., LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.15 KONCAR–ELECTRIC INDUSTRY INC
                       12.1.15.1 Business overview
                                   TABLE 144 KONCAR – ELECTRIC INDUSTRY INC: BUSINESS OVERVIEW
                                   FIGURE 51 KONCAR – ELECTRIC INDUSTRY INC: COMPANY SNAPSHOT
            12.1.15.2 Products/Services/Solutions offered
                                   TABLE 145 KONCAR – ELECTRIC INDUSTRY INC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
     12.2 OTHER PLAYERS
             12.2.1 YUEQING LIYOND ELECTRIC CO., LTD
             12.2.2 CHINA TRANSPOWERS ELECTRIC CO., LTD
             12.2.3 INDKOM ENGINEERING SDN. BHD.
             12.2.4 SWATI SWITCHGEARS (INDIA) PVT. LTD.
             12.2.5 BVM TECHNOLOGIES PVT. LTD.

13 APPENDIX (Page No. - 192)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 CUSTOMIZATION OPTIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

The study involved major activities in estimating the current size of the ring main unit market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study on the ring main unit market involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, International Energy Agency, and BP Statistical Review of World Energy, to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. The other secondary sources included annual reports, press releases, and 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 ring main unit manufacturers, boiler manufacturers, manufacturers of subcomponents of ring main units, manufacturing technology providers, and technology support providers in the supply chain. The demand side of this market is characterized by the rising demand for ring main units in the electric distribution network. The supply side is characterized by rising demand for contracts from the distribution utilities, and mergers and acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Ring Main Unit Market Size, and Share

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 total size of the ring main unit market. These methods were also used extensively to estimate 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 have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s value chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Ring Main Unit Market Size: Bottom-up Approach

Ring Main Unit Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, the data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Objectives of the Study

  • To define, describe, segment, and forecast the ring main unit market size, by insulation type, installation, structure, voltage rating, and application
  • To provide detailed information on the major drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the market
  • To strategically analyze the market with respect to individual growth trends, prospects, and contributions of each segment to the market
  • To analyze market opportunities for stakeholders and provide a detailed competitive landscape for market leaders
  • To forecast the revenue of the market segments with respect to five main regions (along with countries), namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies
  • To track and analyze competitive developments such as new product developments, contracts & agreements, investments & expansions, and mergers & acquisitions in the ring main unit market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Geographic Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
Report Code
EP 4041
Published ON
Nov, 2022
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Ring Main Unit Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback