Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Global Ring Main Unit Market is Predicted to grow at Approximately 8.4% by 2027 :

Pune, India, May 11, 2017 /MRFR Press Release/- Market research future published a half cooked research report on global ring main unit market. The global ring main unit market is expected to grow over the CAGR of around 8.4% during the period 2017 to 2023

Market Highlights

Ring main unit (RMU) is used in a secondary distribution system. It is basically used for an uninterrupted supply of power. It is used for medium voltage distribution in compact substations, small buildings, residential housing complex etc. Rapid urbanization and smart city initiatives are driving the demand of ring main unit market. The global ring main unit market is projected to grow at a CAGR of 8.4% from 2017 to 2023, to reach the market size of USD 2.65 billion by 2023.

Global Ring Main Unit Market

Market Research Analysis  

On the basis of regions, the global ring main unit market is segmented as North America, Europe, Asia-Pacific and RoW. Asia-Pacific region dominates the ring main unit market. The demand of ring main unit market in Asia-Pacific region is driven by rapid growth in industrialization, urbanization, and construction & infrastructure activities as well as it is driven by the growing renewable sector in the region.

Europe and North America is also expected to contribute significantly to the global ring main unit market. Upgradation of existing power infrastructure network is driving the demand of ring main unit in these regions.

Global Ring Main Unit Market, 2017 – 2023 (USD Billion)
Global Ring Main Unit Market-pr

Scope of the Report

This study provides an overview of the global ring main unit market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global ring main unit market as type, installation, and application.

By Type

  • Oil Insulated,

  • Gas Insulated

  • Air Insulated

  • Solid Dielectric

By Installation

  • Indoor

  • Outdoor

By Application

  • Distribution Utilities

  • Industrial

  • Commercial

Key Players

The key players of global ring main unit market are ABB Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), General Electric Company (U.S.), Lucy Electric Limited (U.K.), L&T (India), Yokogawa Electric Corporation (Japan), SwitchGear Company (Belgium) and EPE Switchgear (M) Sdn. Bhd. (Malaysia).

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Akash Anand,

Market Research Future

Market Research Future

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