Ring Main Unit Market by Type (Gas, Air, Oil, and Solid Dielectric), Installation (Outdoor and Indoor), Application (Distribution Utilities, Industries, and Infrastructure & Transportation), and by Region - Global Forecast to 2022

[142 Pages Report] The global ring main unit market is estimated to be USD 1.64 Billion in 2017, and is expected to grow at a CAGR of 8.35% from 2017 to 2022. Increasing smart distribution networks and power generation capacity addition & enhancement plans for distribution networks are major factors driving the ring main unit market.

The years considered for the study are as follows:

• Base Year – 2016
• Estimated Year – 2017
• Projected Year – 2022
• Forecast Period – 2017 to 2022

2016 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Growing modernization of existing power infrastructure to drive the global ring main unit demand close to USD 2,454.4 million by 2022

Ring main units are switching devices employed in the ring circuits of secondary distribution networks. These devices ensure the maximized protection of circuits and other equipment connected to them. The main advantage of ring main units is that they can be connected to multiple power sources for uninterrupted power supply. These devices are available with various insulating media, subject to demand from consumers. 

The global ring main unit market size is projected to reach USD 2,454.4 Million by 2022, largely due to increasing modernization of power infrastructure, growing activities in capacity addition and enhancement plans for distribution networks. Ongoing smart distribution network investments and developments by many countries are likely to propel the growth of the ring main unit in the long-term forecast.

High cost compared to conventional switch gear could hamper the growth of the market

Many utilities and distribution centres around the world prefer switchgears over ring main units due to their low cost. Ring main units are kind of switchgears with added protection for consumers and loads connected to it. Conventional switchgear offers the same switching properties as ring main units but lack in safety and power security. Additionally, they increase the overall use of distribution cables and lines in ring or mesh networks. Ring main units have the added benefits of supply from two sources and lowered expenditure on cables and lines. The cost barrier restraints the growth of ring main units market with users inclined towards employing conventional switching solutions.

Objectives of the Study

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

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global ring main unit market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard & certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

• Study of annual revenue and market developments of major players that provide ring main unit
• Analysis of major applications of ring main units
• Assessment of future trends and growth of the ring main unit market on the basis of T&D investments and infrastructural developments
• Assessment of the ring main unit market with respect to the type of ring main unit used for different applications
• Study of market trends in various regions/countries supported by the type of ring main unit methods used for various applications
• Study of contracts and developments related to the ring main unit market by key players across different regions such as ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland) etc.
• Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing ring main units across the globe

After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure given below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

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

Market Ecosystem:

The ecosystem of the global ring main unit market starts with raw material suppliers, which include electronic/electrical components and precision metal works such as metals, sensors, insulators, and micro-processors, among others. In the later stage, manufacturing of ring main units takes place where all raw materials are assembled. These devices are then distributed to distribution utilities, industries, T&D companies, and renewable companies.

Target Audience:

The report’s target audience includes:

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

Scope of the Report:

By Type

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

By Installation

• Outdoor
• Indoor

By Application

• Distribution Utilities
• Industries
• Infrastructure and Transportation

By Region

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

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:

Regional Analysis<

Further breakdown of region/country-specific analysis

Company Information

Detailed analysis and profiling of additional market players (Up to 5)

Market Dynamics

Key questions

• Which key players have strong advantage on price? Who are the key contenders in the unorganized market?
• Which are the new opportunity areas and what are the best sales channels to gain a quick entry?
• Which industry segments have simpler buying process, and which vertical are switching their existing switching solutions to RMUs?

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered for the Study
           1.3.4 Currency
    1.4 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Ring Main Unit Market, By Region (2017-2022)
    4.2 Ring Main Unit Market, By Type
    4.3 Ring Main Unit Market, By Installation
    4.4 Ring Main Unit Market, By Application
    4.5 Asia-Pacific Ring Main Unit Market

5 Market Overview (Page No. - 33)
Key Findings
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Modernization of Existing Power Infrastructure
                    5.2.1.2 Capacity Addition and Enhancement Plans for Distribution Networks
                    5.2.1.3 Smart Distribution Networks
           5.2.2 Restraints
                    5.2.2.1 High Cost Compared to Conventional Switchgears
                    5.2.2.2 Declining Energy Costs
           5.2.3 Opportunities
                    5.2.3.1 Developing Renewable Sector
           5.2.4 Challenges
                    5.2.4.1 Low-Quality Counterfeits and the Gray Market
    5.3 Supply Chain Analysis
    5.4 Standards & Regulations

6 Ring Main Unit Market, By Type (Page No. - 41)
    6.1 Introduction
    6.2 Gas Insulated Ring Main Unit
    6.3 Air Insulated Ring Main Unit
    6.4 Oil Insulated Ring Main Unit
    6.5 Solid Dielectric Insulated Ring Main Unit

7 Ring Main Unit Market, By Installation (Page No. - 47)
    7.1 Introduction
    7.2 Outdoor Ring Main Unit
    7.3 Indoor Ring Main Unit

8 Ring Main Unit Market, By Application (Page No. - 51)
    8.1 Introduction
    8.2 Distribution Utilities
    8.3 Industries
    8.4 Infrastructure and Transportation

9 Ring Main Unit Market, By Region (Page No. - 56)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 China
           9.2.2 India
           9.2.3 Japan
           9.2.4 Vietnam
           9.2.5 Malaysia
           9.2.6 Rest of Asia-Pacific
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 U.K.
           9.3.4 Rest of Europe
    9.4 North America
           9.4.1 U.S.
           9.4.2 Canada
           9.4.3 Mexico
    9.5 Middle East
           9.5.1 Saudi Arabia
           9.5.2 Kuwait
           9.5.3 UAE
           9.5.4 Qatar
           9.5.5 Rest of the Middle East
    9.6 South America
           9.6.1 Brazil
           9.6.2 Venezuela
           9.6.3 Chile
           9.6.4 Rest of South America
    9.7 Africa
           9.7.1 South Africa
           9.7.2 Nigeria
           9.7.3 Rest of Africa

10 Competitive Landscape (Page No. - 90)
     10.1 Overview
     10.2 Market Ranking, By Revenue, 2016
     10.3 Competitive Situation & Trends
     10.4 Vendor Dive Matrix

11 Company Profiles (Page No. - 99)
     11.1 ABB Ltd.
             11.1.1 Overview
             11.1.2 ABB Ltd. Scorecard
             11.1.3 Products Offering
             11.1.4 Business Strategy
             11.1.5 Developments, 2014–2015
             11.1.6 MnM View
     11.2 Schneider Electric SE
             11.2.1 Overview
             11.2.2 Schneider Electric SE Scorecard
             11.2.3 Products Offering
             11.2.4 Business Strategy
             11.2.5 Developments, 2015–2017
             11.2.6 MnM View
     11.3 Eaton Corporation PLC.
             11.3.1 Overview
             11.3.2 Eaton Corporation PLC. Scorecard
             11.3.3 Products Offering
             11.3.4 Business Strategy
             11.3.5 Developments, 2013–2015
             11.3.6 MnM View
     11.4 Siemens AG
             11.4.1 Overview
             11.4.2 Siemens AG Scorecard
             11.4.3 Products Offering
             11.4.4 Business Strategy
             11.4.5 Developments, 2016
     11.5 General Electric Company
             11.5.1 Overview
             11.5.2 General Electric Company Scorecard
             11.5.3 Products Offering
             11.5.4 Business Strategy
             11.5.5 Developments, 2014–2015
             11.5.6 MnM View
     11.6 Lucy Electric
             11.6.1 Overview
             11.6.2 Lucy Electric Scorecard
             11.6.3 Products Offering
             11.6.4 Business Strategy
             11.6.5 Developments, 2014–2017
             11.6.6 MnM View
     11.7 Larsen & Toubro Limited
             11.7.1 Overview
             11.7.2 Larsen & Toubro Limited Scorecard
             11.7.3 Products Offering
             11.7.4 Business Strategy
             11.7.5 Developments, 2013–2014
     11.8 LS Industrial Systems Co., Ltd.
             11.8.1 Overview
             11.8.2 LS Industrial Systems Co., Ltd. Scorecard
             11.8.3 Products Offering
             11.8.4 Business Strategy
             11.8.5 Developments, 2015
     11.9 Ormazabal
             11.9.1 Overview
             11.9.2 Ormazabal Scorecard
             11.9.3 Products Offering
             11.9.4 Business Strategy
             11.9.5 Developments, 2013–2014
     11.10 Tiepco
             11.10.1 Overview
             11.10.2 Tiepco Scorecard
             11.10.3 Products Offering
             11.10.4 Business Strategy
             11.10.5 Developments, 2014
     11.11 C&S Electric Limited
             11.11.1 Overview
             11.11.2 C&S Electric Limited Scorecard
             11.11.3 Products Offering
             11.11.4 Business Strategy
             11.11.5 Developments, 2016
     11.12 Crompton Greaves Ltd
             11.12.1 Overview
             11.12.2 Crompton Greaves Ltd Scorecard
             11.12.3 Products Offering
             11.12.4 Business Strategy
             11.12.5 Developments, 2013–2016
     11.13 Enetec Electric & Electronic Co., Ltd.
             11.13.1 Overview
             11.13.2 Enetec Electric & Electronic Co., Ltd. Scorecard
             11.13.3 Products Offering
             11.13.4 Business Strategy

12 Appendix (Page No. - 141)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports

List of Tables (68 Tables)

Table 1 Global Ring Main Unit Snapshot
Table 2 India: 12th Plan (2012–17) Capacity Addition Target (MW )
Table 3 Capacity Addition & Enhancement Plans are the Driving Forces of the Market
Table 4 The High Cost of Ring Main Units Compared to Conventional Switchgears is A Major Restraint for the Market
Table 5 The Developing Renewable Sector is Expected to Offer High Growth Opportunities to the Ring Main Unit Market
Table 6 Low-Quality Counterfeits are A Major Challenge for the Ring Main Unit Market
Table 7 Ring Main Unit Market Size, By Type, 2015–2022 (USD Million)
Table 8 Gas Insulated: Ring Main Unit Market Size, By Region, 2015–2022 (USD Million)
Table 9 Air Insulated: Ring Main Unit Market Size, By Region, 2015–2022 (USD Million)
Table 10 Oil Insulated: Ring Main Unit Market Size, By Region, 2015–2022 (USD Million)
Table 11 Solid Dielectric Insulated: Ring Main Unit Market Size, By Region, 2015–2022 (USD Million)
Table 12 Ring Main Unit Market Size, By Installation, 2015–2022 (USD Million)
Table 13 Outdoor: Market Size, By Region, 2015–2022 (USD Million)
Table 14 Indoor: Market Size, By Region, 2015–2022 (USD Million)
Table 15 Ring Main Unit Market Size, By Application, 2015–2022 (USD Million)
Table 16 Distribution Utilities: Ring Main Unit Market Size, By Region, 2015–2022 (USD Million) )
Table 17 Industries: Market Size, By Region, 2015–2022 (USD Million)
Table 18 Infrastructure and Transportation: Market Size, By Region, 2015–2022 (USD Million)
Table 19 Ring Main Unit Market Size, By Region, 2015–2022 (USD Million)
Table 20 Asia-Pacific: Ring Main Unit Market Size, By Country, 2015–2022 (USD Million)
Table 21 Asia-Pacific: Market Size, By Type, 2015–2022 (USD Million)
Table 22 Asia-Pacific: Market Size, By Installation, 2015–2022 (USD Million)
Table 23 Asia-Pacific: Market Size, By Application, 2015–2022 (USD Million)
Table 24 China: Market Size, By Application, 2015–2022 (USD Million)
Table 25 India: Market Size, By Application, 2015–2022 (USD Million)
Table 26 Japan: Ring Main Unit Market Size, By Application, 2015–2022 (USD Million)
Table 27 Vietnam: Market Size, By Application, 2015–2022 (USD Million)
Table 28 Malaysia: Market Size, By Application, 2015–2022 (USD Million)
Table 29 Rest of Asia-Pacific: Market Size, By Application, 2015–2022 (USD Million)
Table 30 Europe: Ring Main Unit Market Size, By Country, 2015–2022 (USD Million)
Table 31 Europe: Market Size, By Type, 2015–2022 (USD Million)
Table 32 Europe: Market Size, By Installation, 2015–2022 (USD Million)
Table 33 Europe: Market Size, By Application, 2015–2022 (USD Million)
Table 34 Germany: Market Size, By Application, 2015–2022 (USD Million)
Table 35 France: Market Size, By Application, 2015–2022 (USD Million)
Table 36 U.K.: Ring Main Unit Market Size, By Application, 2015–2022 (USD Million)
Table 37 Rest of Europe: Market Size, By Application, 2015–2022 (USD Million)
Table 38 North America: Ring Main Unit Market Size, By Country, 2015–2022 (USD Million)
Table 39 North America: Market Size, By Type, 2015–2022 (USD Million)
Table 40 North America: Market Size, By Installation, 2015–2022 (USD Million)
Table 41 North America: Market Size, By Application, 2015–2022 (USD Million)
Table 42 U.S.: Market Size, By Application, 2015–2022 (USD Million)
Table 43 Canada: Market Size, By Application, 2015–2022 (USD Million)
Table 44 Mexico: Market Size, By Application, 2015–2022 (USD Million)
Table 45 Middle East: Ring Main Unit Market Size, By Country, 2015–2022 (USD Million)
Table 46 Middle East: Market Size, By Type, 2015–2022 (USD Million)
Table 47 Middle East: Market Size, By Installation, 2015–2022 (USD Million)
Table 48 Middle East: Market Size, By Application, 2015–2022 (USD Million)
Table 49 Saudi Arabia: Market Size, By Application, 2015–2022 (USD Million)
Table 50 Kuwait: Market Size, By Application, 2015–2022 (USD Million)
Table 51 UAE: Market Size, By Application, 2015–2022 (USD Million)
Table 52 Qatar: Market Size, By Application, 2015–2022 (USD Million)
Table 53 Rest of the Middle East: Market Size, By Application, 2015–2022 (USD Million)
Table 54 South America: Ring Main Unit Market Size, By Country, 2015–2022 (USD Million)
Table 55 South America: Market Size, By Type, 2015–2022 (USD Million)
Table 56 South America: Market Size, By Installation, 2015–2022 (USD Million)
Table 57 South America: Market Size, By Application, 2015–2022 (USD Million)
Table 58 Brazil: Ring Main Unit Market Size, By Application, 2015–2022 (USD Million)
Table 59 Venezuela: Market Size, By Application, 2015–2022 (USD Million)
Table 60 Chile: Market Size, By Application, 2015–2022 (USD Million)
Table 61 Rest of South America: Market Size, By Application, 2015–2022 (USD Million)
Table 62 Africa: Market Size, By Country, 2015–2022 (USD Million)
Table 63 Africa: Market Size, By Type, 2015–2022 (USD Million)
Table 64 Africa: Market Size, By Installation, 2015–2022 (USD Million)
Table 65 Africa: Market Size, By Application, 2015–2022 (USD Million)
Table 66 South Africa: Market Size, By Application, 2015–2022 (USD Million)
Table 67 Nigeria: Market Size, By Application, 2015–2022 (USD Million)
Table 68 Rest of Africa: Market Size, By Application, 2015–2022 (USD Million)

List of Figures (91 Figures)

Figure 1 Ring Main Unit Market Segmentation
Figure 2 Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 Asia-Pacific Accounted for the Largest Share of the Market in 2016
Figure 8 The Gas Insulated Segment is Expected to Dominate the Ring Main Unit Market During the Forecast Period
Figure 9 The Outdoor Segment is Expected to Grow at the Highest CAGR From 2017 to 2022
Figure 10 The Distribution Utilities Segment is Expected to Witness the Maximum Demand During the Forecast Period
Figure 11 Attractive Market Opportunities in Ring Main Unit Market, 2017– 2022
Figure 12 Asia-Pacific is Expected to Grow at the Highest CAGR From 2017 to 2022
Figure 13 The Gas Insulated Segment is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 14 Demand From the Outdoor Segment is Expected to Dominate the Ring Main Unit Market, 2017
Figure 15 The Distribution Utilities Segment is Expected to Grow at the Highest CAGR From 2017 to 2022
Figure 16 The Market in China Accounted for the Largest Share of the Asia-Pacific Ring Main Unit Market in 2016
Figure 17 Modernization of the Existing Power Infrastructure is Expected to Drive the Market During the Forecast Period
Figure 18 Power Infrastructure Failure Rate
Figure 19 Investment in Renewable Energy, 2015 (USD Billion)
Figure 20 Supply Chain Analysis: Market
Figure 21 Gas Insulated Ring Main Unit Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 22 Asia-Pacific: the Fastest Growing Ring Main Unit Market in the Gas Insulated Segment From 2017 to 2022
Figure 23 Air Insulated Ring Main Unit Market, By Region, 2017–2022 (USD Million)
Figure 24 Outdoor Segment is Expected to Be the Largest Market During the Forecast Period
Figure 25 Outdoor Market, By Region, 2017 & 2022 (USD Million)
Figure 26 Distribution Utilities Segment is Expected to Be the Largest Market for Ring Main Units During the Forecast Period
Figure 27 Asia-Pacific: the Fastest Growing Ring Main Unit Market in the Distribution Utilities Segment, 2017–2022
Figure 28 Industries Segment, By Region, 2017–2022 (USD Million)
Figure 29 Regional Snapshot: Market (2017–2022)
Figure 30 Asia-Pacific: the Largest & Fastest Growing Market, 2017–2022
Figure 31 Asia-Pacific: Market Snapshot
Figure 32 China: Market, By Application, 2017–2022
Figure 34 Germany: the Largest Market, By Country, in Europe in 2016
Figure 35 Germany: Market, By Application, 2017–2022
Figure 36 France: Market, By Application, 2017–2022
Figure 37 North America: Market Snapshot
Figure 38 Distribution Utilities: the Fastest Growing Application Segment in the U.S. During the Forecast Period
Figure 39 Saudi Arabia: the Fastest Growing Ring Main Unit Market in the Middle East Region From 2017 to 2022
Figure 40 Saudi Arabia: Market, By Application, 2017 & 2022
Figure 41 Kuwait: Market, By Application, 2017–2022
Figure 42 South America: Market, By Country, 2016
Figure 43 Brazil: Market, By Application, 2017–2022
Figure 44 Africa: Market, By Country, 2017–2022
Figure 45 South Africa: Market, By Application, 2017 & 2022
Figure 46 Key Companies Adopted New Product Developments as the Key Growth Strategy, 2013–2017
Figure 47 Market Ranking, Market, 2016
Figure 48 Market Evaluation Framework, 2013–2017
Figure 49 Battle for Market Share (2013–2017): Contracts & Agreements Was the Major Strategy Adopted By Companies in Market
Figure 50 Ring Main Unit Market: Vendor Dive Matrix
Figure 51 Product Offering Comparison
Figure 52 Business Strategy Comparison
Figure 53 ABB Ltd.: Company Snapshot (2016)
Figure 54 ABB Ltd.: Products Offering Scorecard
Figure 55 ABB Ltd.: Business Strategy Scorecard
Figure 56 Schneider Electric SE : Company Snapshot (2016)
Figure 57 Schneider Electric SE: Product Offering Scorecard
Figure 58 Schneider Electric SE: Business Strategy Scorecard
Figure 59 Eaton Corporation PLC. : Company Snapshot (2016)
Figure 60 Eaton Corporation PLC.: Products Offering Scorecard
Figure 61 Eaton Corporation PLC: Business Strategy Scorecard
Figure 62 Siemens AG: Company Snapshot (2016)
Figure 63 Siemens AG: Product Offering Scorecard
Figure 64 Siemens AG: Business Strategy Scorecard
Figure 65 General Electric Company: Company Snapshot (2016)
Figure 66 General Electric Company: Products Offering Scorecard
Figure 67 General Electric Company: Business Strategy Scorecard
Figure 68 Lucy Electric : Company Snapshot (2016)
Figure 69 Lucy Electric: Products Offering Scorecard
Figure 70 Lucy Electric: Business Strategy Scorecard
Figure 71 Larsen & Toubro Limited : Company Snapshot (2016)
Figure 72 Larsen & Toubro Limited: Products Offering Scorecard
Figure 73 Larsen & Toubro Limited: Business Strategy Scorecard
Figure 74 LS Industrial Systems Co., Ltd.: Company Snapshot (2016)
Figure 75 LS Industrial Systems Co., Ltd: Product Offering Scorecard
Figure 76 LS Industrial Systems Co., Ltd: Business Strategy Scorecard
Figure 77 Ormazabal : Company Snapshot (2016)
Figure 78 Ormazabal: Product Offering Scorecard
Figure 79 Ormazabal: Business Strategy Scorecard
Figure 80 Tiepco: Company Snapshot (2016)
Figure 81 Tiepco: Product Offering Scorecard
Figure 82 Tiepco: Business Strategy Scorecard
Figure 83 C&S Electric Limited : Company Snapshot (2016)
Figure 84 C&S Electric Limited: Product Offering Scorecard
Figure 85 C&S Electric Limited: Business Strategy Scorecard
Figure 86 Crompton Greaves Ltd: Company Snapshot (2016)
Figure 87 Crompton Greaves Ltd: Product Offering Scorecard
Figure 88 Crompton Greaves Ltd: Business Strategy Scorecard
Figure 89 Enetec Electric & Electronic Co., Ltd.: Company Snapshot (2016)
Figure 90 Enetec Electric & Electronic Co., Ltd.: Product Offering Scorecard
Figure 91 Enetec Electric & Electronic Co., Ltd.:: Business Strategy Scorecard

The global ring main unit market is projected to grow at a CAGR of 8.35% from 2017 to 2022, to reach a market size of USD 2.45 Billion by 2022. This growth is attributed to modernization of existing power infrastructure and huge electricity demand in developing countries. Investments for renewable power generation in Asia-Pacific countries have been planned to meet the rising power demand. These investments in turn are going to boost the demand for ring main units.

The report segments the ring main unit market on the basis of installation, into outdoor and indoor. The outdoor segment is projected to dominate the ring main unit market and is expected to grow at the fastest rate during the forecast period.

The ring main unit market is segmented based on type, into gas insulated, air insulated, oil insulated, and solid dielectric insulated. The gas insulated segment accounted for the largest market size in 2016. This segment is expected to grow at the fastest growth rate from 2017 to 2022, owing to increasing application of gas insulated ring main units in power grids, underground installations, wind power plants, and mining applications. Moreover, gas insulated ring main units are compact in size and have better functionality compared to other types of ring main units. The gas insulated ring main unit market is expected to witness the maximum growth in the Asia-Pacific region.

The report segments the ring main unit market on the basis of application into distribution utilities, industries, and infrastructure & transportation. The distribution utilities sub-segment accounted for the largest market share in 2016. This segment is also expected to witness the highest CAGR during the forecast period, due to increasing investments in the power sector in Asia-Pacific to augment generation capacities to meet the growing power demand in the region. Meanwhile, developing economies in Asia-Pacific and Africa comprise fast growth markets for the distribution utilities segment.

In this report, the ring main unit market has been analyzed with respect to six regions, namely, Asia-Pacific, Europe, North America, the Middle East, South America, and Africa. Asia-Pacific is projected to dominate the global ring main unit market by 2022 and is expected to grow at the highest CAGR from 2017 to 2022. There has been growing power demand in Asia-Pacific, as a result of which, substantial investments have been made in the region to augment power generation capacities. These investments are expected to boost the demand for ring main units. Countries such as India, Vietnam, Malaysia, and Japan are driving the ring main unit market in Asia-Pacific. Asia-Pacific has some of the key companies including Larsen & Toubro (India) and LSIS (South Korea).

The cost of ring main units is more as compared to conventional switchgears. Hence, several utilities and other distribution centers prefer conventional switchgears over ring main units due to their low cost. Conventional switchgear increases the usage of distribution cables and lines in a ring network, while ring main units have added benefits, such as reduced number of cables and supply from two sources. Therefore, high cost of ring main units as compared to conventional switchgear is a factor that is restraining the growth of the market. Additionally, the energy cost is declining with the addition of low-cost energy production in renewables. As a result, the profit margins of distribution utilities have reduced, thereby, forcing service providers to cut investments in modernized power equipment, such as ring main unit.

Leading players in the ring main unit market include ABB (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), and General Electric Company (U.S.). Contracts & agreements was the strategy most commonly adopted by top players in the market from 2013 to 2017. It was followed by expansions, new product developments, and mergers & acquisitions.

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

Leading ring main unit manufacturers are developing gas insulated ring main unit as the demand for gas insulated ring main unit is expected to shoot up in Asia Pacific and drive the industry forward

Gas insulated ring main unit

Gas insulated RMUs are expected to have a larger market share due to their functional advantages such as compact size, and climatic resistance and ease of adaptability. Applications of gas insulated ring main unit include railway systems, wind power plants, power grids, underground installations, and mining sectors.

Asia-Pacific is the largest market for gas insulated ring main units. Increasing power consumption in the region and need for reliable power supply drives the demand for equipment like RMUs.

Air Insulated Ring Main Unit

Asia-Pacific and Africa have strong market opportunities for air insulated RMUs in the forecast period. Asia-Pacific houses major growing economies such as China, India, Malaysia, and Indonesia. These countries have planned to improve their electricity distribution sectors, thereby boosting the demand for equipment such as air insulated ring main units.