HOME Research Insight ABB, Ltd. (Switzerland) and Eaton Corporation PLC (Ireland) are the Global Players in the Ring Main Unit Market

ABB, Ltd. (Switzerland) and Eaton Corporation PLC (Ireland) are the Global Players in the Ring Main Unit Market

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

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

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

ABB, Ltd. is a technological leader in electrical products, which caters to a wide range of industries such as transmission, distribution, renewable generation, utilities, industry, marine, and oil & gas among others. It conducts its business through four segments, namely, power grids, industrial automation, robotics & motion, and electrification products. Ring main unit is a part of the electrification products segment. ABB, Ltd. adopted contracts & agreements and expansions as its key growth strategies. In 2014, ABB, Ltd. opened a new office in Myanmar to offer power and automation products in order to enhance its presence in the Asia-Pacific region. In 2015, it received a contract for the delivery of inverter solutions and 22 kV ring main units for 86 MWp solar project in South Africa..  

Eaton is a diversified power management company that is driven by five business groups, namely, electrical products, electrical systems & services, hydraulics, aerospace, and vehicle segments. The company provides ring main units under its medium voltage switchgear segment of its electrical products and electrical systems & services division. The company has adopted expansions and contracts & agreements as its key growth strategy to maintain its market position. In February 2014, Eaton invested USD 54.0 million for the expansion of manufacturing operations at three plants in the Milwaukee area, Wisconsin. It included renovation of two facilities and expansion of one, in order to meet the growing demand for power distribution products and solutions in the utility, industrial, and commercial sectors. In 2014, Eaton Corporation, PLC received a contract from Econergy Europe, Ltd. (U.K.) for the installation of a solar farm in West Sussex (U.K). The scope of the project included supply of ring main units, circuit breakers, and transformers, among others.

Related Reports:

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

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