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
[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.
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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
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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.
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):
What is the current size of the ring main unit market?
The size of the global ring main unit market was USD 2.1 billion in 2021.
What are the major drivers?
The growth of the ring main unit market can be attributed to the increasing capacity additions and enhancement plans for distribution networks and the modernization of existing power infrastructure.
Which is likely to be the fastest-growing region in the ring main unit market during the forecasted period?
Asia Pacific is expected to be the fastest-growing ring main unit market during 2022–2027, 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.
Which is likely to be the fastest-growing segment, by insulation type, in the ring main unit market during the forecasted period?
By insulation type, the ring main unit market has been segmented into gas insulation, air insulation, oil insulation, and solid insulated. The gas-insulated segment is expected to account for the largest market share due to the compact size, better functionality, and climatic resistance of gas-insulated ring main units. .
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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:
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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
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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)
- 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
- 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?
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Growth opportunities and latent adjacency in Ring Main Unit Market