The report "Ring Main Unit Market by Type (Gas Insulated, Air Insulated, Oil Insulated, & Solid Dielectric Insulated), by Application (Distribution Utilities, Industries, and Infrastructure & Transportation), & by Region - Global Trends & Forecasts to 2020" , defines and segments the global ring main unit market with an analysis and forecast of the market size.
Browse 89 market data Tables and 56 Figures spread through 142 Pages and in-depth TOC on "Ring Main Unit Market - Global Trends & Forecasts to 2020"
For Sample Pages: http://www.marketsandmarkets.com/requestsample.asp?id=51228954
The ring main unit market is expected to reach USD 2.03 Billion by 2020, at a CAGR of 8.23% from 2015 to 2020. Asia-Pacific is estimated to be the largest ring main unit market in 2015, and is expected to have the highest growth during the forecast period. This growth is attributed to growing demand for electricity and power generation capacity additions. Furthermore, Southeast Asian countries are planning to enhance their power infrastructure to incorporate the additional demand and have a robust distribution network.
Europe is expected to be the second largest market, after Asia-Pacific, because of the use of ring main unit in the renewable sector. Increasing focus on renewable generation is one of the major factors driving the growth of the ring main unit market in the region.
Distribution utilities application segment to register the highest growth
The distribution utilities segment requires ring main units for metering, measuring, and uninterrupted power supply and to prevent damages to critical equipment. Moreover, ring main units are vital for maintaining the stability of a grid system. The distribution utilities segment is expected to exhibit the highest growth rate during the forecast period. This growth is attributed to power generation capacity addition and enhancement plans for distribution networks in countries in Asia-Pacific, such as China and India, to meet the growing electricity demand. This in turn would require deployment of power equipment such as ring main units for uninterrupted power supply.
Gas insulated ring main unit segment is expected to lead the market
The applications of gas insulated ring main unit include power grids, wind power plants, railway systems, underground installations, and mining applications. It is the largest segment, by type, for the ring main unit market. Increasing power consumption in Asia-Pacific requires secure and reliable source of power supply, which in turn is likely to drive the gas insulated ring main unit market. Gas insulated ring main unit can be easily integrated with an existing system. Moreover, these ring main units have SF6 as insulation medium, which is enclosed in a tank. All these factors are expected to boost the gas insulated ring main unit market.
Asia-Pacific is a key market for ring main unit
Asia-Pacific is the largest and fastest growing ring main unit market. China and India are the largest markets in the region. This growth is attributed to capacity additions, adoption of smart grids, and rural electrification. Apart from China and India, countries such as Japan, and other South Asian countries are also growing at high rates. Countries such as Vietnam and Malaysia are having high growth prospects in the Asia-Pacific ring main unit market. Increasing focus on renewable power generation is likely to further boost the demand for the ring main unit market the region.
To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the ring main unit market, namely, ABB Ltd. (Switzerland), Eaton Corporation Plc. (Ireland), General Electric Company (U.S.), Schneider Electric SE (France), and Siemens AG (Germany). These companies have been the most active in terms of strategic developments from January 2012 to November 2015. Most of these market players are present in Europe and have been actively participating in competitive developments.
The ring main unit market valuation for various segments has been arrived by using ring main unit implementations in various regions and planned investments of operators. Finally, the global market size has been arrived at by consolidating markets for individual regions. Industry experts have also been contacted for validating the key findings of the report, in order to estimate the market appropriately. Individual responses and the viewpoints have been carefully studied and incorporated in the report. The market numbers have also been validated by both the top-down and bottom-up estimation approaches. In the top-down approach, regional and segmental markets have been derived from the parent market, considering the share of the segments. On the other hand, in the bottom-up approach, individual segment/regional market has been added to arrive at the final parent market.
Speak to Research Expert for more info: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=51228954
This report includes the following stakeholders:
- RMU Manufacturers - These include ABB Ltd. (Switzerland), Eaton Corporation Plc. (Ireland), General Electric Company (U.S.), Schneider Electric SE (France), and Siemens AG (Germany)
- End-Users– These include distribution utilities, industries, and infrastructure & transportation
- State and national regulatory authorities
- Builders and contractors
- Government and industry associations
- State or government owned corporations
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India