Global Ring Main Unit Market Research Report - Forecast to 2027

Ring Main Unit Market Information by Type (Oil Insulated, Gas Insulated, Air Insulated and Solid Dielectric), by Installation (Indoor and Outdoor), Application (Distribution Utilities, Industrial and Commercial) and by Region - Forecast to 2027

ID: MRFR/E&P/2085-HCR | February, 2021 | Region : Global

Ring Main Unit Market Overview


Ring Main Unit Market Size is projected to develop at a CAGR of 8.73% from 2017 to 2023, to arrive at USD 2.71 Billion by 2027.


The Ring Main Unit (RMU) Market is utilized in an auxiliary circulation framework. It is essentially utilized for a continuous force supply. It is utilized for medium voltage dissemination in reduced substations, little structures, private lodging complexes, and so forth. Expansion popularity of power across the globe is the essential driving component of the global Market Value. Furthermore, rising interest in sustainable power is likewise energizing the interest of ring fundamental unit (RMU). In any case, the expense of ring fundamental units being higher than traditional switchgear is the limiting variable that may hamper the development of the worldwide Ring Main Unit Market Outlook.


Ring Main Unit Market is a fixed, gas-protected minimal switchgear unit with high-pressure boards bearing changes that empower the buyer to utilize two wellsprings of high strain power at the equivalent metering point. The primary benefit of utilizing RMU incorporates less leading material since less current is conveyed in each piece of the ring. The worldwide RMU market is driven by expansion in power utilization, modernization of the current force framework, popularity for dependable wellsprings of force age, and advancement of upgrade plans for power dissemination. Nonetheless, the greater expense of RMUs when contrasted with conventional switchgear confines the market development. Besides, mechanization-prepared units with coordinated far-off terminal units (RTUs) that empower moment shrewd framework usefulness present worthwhile freedoms for the market players during the gauge time frame.


The worldwide Ring Main Unit (RMU) Market Share is divided dependent on type, establishment, application, and geology. It is arranged into gas protected, air protected, oil protected, and strong dielectric material in light of type. In view of the establishment, it is separated into the outside and indoor. Based on application, it is portioned into mechanical wind power plant, reduced optional substations, and dispersion utilities and framework private, non-private, and transportation. Topographically, it is broken down across North America, Europe, Asia-Pacific, and LAMEA.


Competitive Landscape


The Ring Main Unit Market key Players 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)

  • EPE Switchgear (M) Sdn. Bhd. (Malaysia)


Covid-19 Analysis


Covid-19 Analysis, The flare-up of the COVID-19 pandemic has affected the worldwide Ring Main Unit Market Trends attributable without limit or halfway lockdowns forced in most of the nations during March 2020. The rising inclination for the use of Ring Main Unit will probably drive the RMU Growth development over the projected timespan. Future interests in the force and energy areas in arising nations are required to give development freedoms to the makers and providers of Ring Main Unit. The interest for such items has been hampered since ongoing months attributable to the transitory shutting down of organizations worldwide. Nonetheless, the interest for primary ring units is expected to recuperate in the coming months and fill fundamentally in the long haul.


Market Dynamics



  • Major Drivers of the Market 


Interest in the Ring Main Unit is expanding inferable from ascending in robotization and industrialization across the globe. Interest for power is high inferable from development in the populace. This is driving the worldwide Ring Main Unit Market. Expansion in dissemination organizations and modernization of existing force foundation is expected to help the interest for RMU Market during the gauge time frame



  • Significant Opportunities for The Market 


Across a few created and non-industrial nations, inferable from developing contamination concerns, the accentuation on sustainable power is rising, and those administrations are offering good commands. RMUs are currently much of the time incorporated within sun-oriented force plants and help in limiting force misfortunes, just as upgrade wellbeing with diminished link lengths. This advancement is relied upon to open new freedoms for the merchants working in the worldwide Ring Main Unit Market.



  • Market Restraints


The point-by-point data depends on the latest things and noteworthy achievements. This segment likewise gives an examination of the volume of creation about the worldwide market and furthermore about each sort from 2015 to 2026. This segment specifies the volume of creation by district from 2015 to 2026. Valuing examination is remembered for the report as indicated by each sort from the year 2015 to 2026, maker from 2015 to 2020, area from 2015 to 2020, and worldwide cost from 2015 to 2026.


An exhaustive assessment of the limits remembered for the report depicts the difference to drivers and gives space for key arranging. Components that dominate the market development are vital as they can be perceived to devise various curves for getting hold of the worthwhile chances that are available in the always developing business sector. Also, bits of knowledge into market well-qualified feelings have been taken to comprehend the market better.



  • Market Growth Challenges


The Ring Main Unit Market has been arranged based on application into conveyance utilities, enterprises, and framework, and transportation. Developing force prerequisites because of the rising populace and quick track urbanization has brought about the extension of T&D networks across the globe. The ensuing ascent in the number of substations will prompt wonderful development in the interest for Ring Main Unit during the figure time frame. Worldwide dissemination utilities are confronting different difficulties, for example, maturing labor force that can't be supplanted in light of the absence of a gifted labor force. Additionally, COVID-19 has exacerbated the circumstance since manual mediation in the field is as yet required. Due to lockdowns across nations, utilities are on a halt, which has prompted misfortunes for organizations. This adversely affects the RMU Market.



  • Cumulative Growth Analysis


The Ring Main Unit Market is required to ascend at a CAGR of over 3% during the conjecture time of 2020-2025. Factors, for example, expanding energy requests from the enterprises and fast framework development in the energy area, are probably going to drive the ring fundamental unit market. Nonetheless, delays in the execution of tasks are required to control the ring fundamental unit market.


Segment Overview



  • By Conveyance


The worldwide Ring Main Unit Market is fragmented into conveyance utilities, modern, and business based on applications. Conveyance utilities overwhelm the application fragment of the worldwide ring primary unit market. To satisfy the developing force need, interests in the force area are expanding, which eventually drives the interest of the ring primary unit market. 



  • By organization


Based on the organization, the worldwide RMU Market is portioned as indoor and open-air, outside rules the establishment fragment of worldwide Ring Main Unit Market predominantly because of expanding its utilization in underground establishments, power matrices, and mining. 



  • By type


Based on types, the worldwide Ring Main Unit Market is fragmented into oil protected, gas protected, air protected, and strong dielectric. Out of them, gas-protected ring primary unit rules the sort fragment of worldwide ring fundamental unit market. The Market is progressively discovering its applications in underground establishments, power frameworks, mining, etc. Also, it requires less space, just as it has better usefulness contrasted with other Ring Main Unit Market. At the same time, oil-protected ring principle units are ideal for rustic and mechanical settings.


Regional Analysis


Asia-Pacific rules the worldwide Ring Main Unit (RMU) Market followed by Europe. Just as the developing sustainable area around here, fast developments in industrialization increment the interest of RMU Market. This locale is relied upon to develop at the quickest speed during the conjecture time frame. Europe is another significant market and is relied upon to contribute fundamentally during the estimated time frame chiefly due to redesigning the current framework.


Recent Developments



  • In April 2020, Larsen and Toubro were granted an agreement to fortify the metropolitan HT line dispersion network in Chennai by expanding ring principle units and feeder distant terminal units on an absolute turnkey premise. Likewise, completely robotized, automated 33 kV gas Insulated substations will be set up at chose areas. 

  • In March 2019, Siemens dispatched sans sf6 medium-voltage ring primary unit. The gas contained in the fundamental ring unit comprises just characteristic constituents of the surrounding air and protects the current-conveying conductors inside the lodging. The utilization of "Clean Air" makes it simple to deal with all through its whole lifecycle.


Report Overview


The global Ring Main Unit (RMU) Market Analysis or overview is as follows:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This report highlights the growth aspects of the Ring Main Unit Global Market Revenue. Along with that, this report also intends to put up the competitive landscape and recent developments on the table to explain the position of this global market. 

Table of Contents

1 Executive Summary

2 Research Methodology

2.1 Scope of the Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Ring Main Unit Market, By Type

4.1 Oil Insulated

4.2 Gas Insulated

4.3 Air Insulated

4.4 Solid Dielectric

5 Global Ring Main Unit Market, By Installation

5.1 Introduction

5.2 Indoor

5.3 Outdoor

6 Global Ring Main Unit Market, By Application

6.1 Introduction

6.2 Distribution Utilities

6.3 Industrial

6.4 Commercial

7 Regional Market Analysis

7.1 Introduction

7.2 North America

7.2.1 U.S.

7.2.2 Canada

7.3 Europe

7.3.1 U.K

7.3.2 France

7.3.3 Germany

7.3.4 Spain

7.3.5 Rest of Europe

7.4 Asia-Pacific

7.4.1 China

7.4.2 Japan

7.4.3 India

7.4.4 Rest of Asia-Pacific

7.5 Rest of the World

8 Competitive Analysis

8.1 Introduction

8.2 Competitive Scenario

8.2.1 Market Share Analysis

8.2.2 Market Development Analysis

8.2.3 Product/Service Benchmarking

8.3 ABB Ltd

8.3.1 Overview

8.3.2 Product/Service Offering

8.3.3 Strategy

8.4 Schneider Electric SE.

8.4.1 Overview

8.4.2 Product/Service Offering

8.4.3 Strategy

8.5 Eaton Corporation, PLC

8.5.1 Overview

8.5.2 Product/Service Offering

8.5.3 Strategy

8.6 Siemens AG

8.6.1 Overview

8.6.2 Product/Service Offering

8.6.3 Strategy

8.7 General Electric Company

8.7.1 Overview

8.7.2 Product/Service Offering

8.7.3 Strategy

8.8 Lucy Electric Limited

8.8.1 Overview

8.8.2 Product/Service Offering

8.8.3 Strategy

8.9 L&T

8.9.1 Overview

8.9.2 Product/Service Offering

8.9.3 Strategy

8.10 Yokogawa Electric Corporation

8.10.1 Overview

8.10.2 Product/Service Offering

8.10.3 Strategy

8.11 SwitchGear Company

8.11.1 Overview

8.11.2 Product/Service Offering

8.11.3 Strategy

8.12 EPE Switchgear

8.12.1 Overview

8.12.2 Product/Service Offering

8.12.3 Strategy

LIST OF TABLES

TABLE 1 GLOBAL RING MAIN UNIT MARKET, BY TYPE

TABLE 2 GLOBAL RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 3 GLOBAL RING MAIN UNIT MARKET, BY APPLICATION

TABLE 4 GLOBAL RING MAIN UNIT MARKET, BY REGIONS

TABLE 5 NORTH AMERICA RING MAIN UNIT MARKET, BY COUNTRY

TABLE 6 NORTH AMERICA RING MAIN UNIT MARKET, BY TYPE

TABLE 7 NORTH AMERICA RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 8 NORTH AMERICA RING MAIN UNIT MARKET, BY APPLICATION

TABLE 9 U.S. RING MAIN UNIT MARKET, BY TYPE

TABLE 10 U.S. RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 11 U.S. RING MAIN UNIT MARKET, BY APPLICATION

TABLE 12 CANADA RING MAIN UNIT MARKET, BY TYPE

TABLE 13 CANADA RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 14 CANADA RING MAIN UNIT MARKET, BY APPLICATION

TABLE 15 EUROPE RING MAIN UNIT MARKET, BY COUNTRY

TABLE 16 EUROPE RING MAIN UNIT MARKET, BY TYPE

TABLE 17 EUROPE RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 18 EUROPE RING MAIN UNIT MARKET, BY APPLICATION

TABLE 19 GERMANY RING MAIN UNIT MARKET, BY TYPE

TABLE 20 GERMANY RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 21 GERMANY RING MAIN UNIT MARKET, BY APPLICATION

TABLE 22 FRANCE RING MAIN UNIT MARKET, BY TYPE

TABLE 23 FRANCE RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 24 FRANCE RING MAIN UNIT MARKET, BY APPLICATION

TABLE 25 U.K. RING MAIN UNIT MARKET, BY TYPE

TABLE 26 U.K. RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 27 U.K. RING MAIN UNIT MARKET, BY APPLICATION

TABLE 28 SPAIN RING MAIN UNIT MARKET, BY TYPE

TABLE 29 SPAIN RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 30 SPAIN RING MAIN UNIT MARKET, BY APPLICATION

TABLE 31 REST OF EUROPE RING MAIN UNIT MARKET, BY TYPE

TABLE 32 REST OF EUROPE RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 33 REST OF EUROPE RING MAIN UNIT MARKET, BY APPLICATION

TABLE 34 ASIA-PACIFIC RING MAIN UNIT MARKET, BY COUNTRY

TABLE 35 ASIA-PACIFIC RING MAIN UNIT MARKET, BY TYPE

TABLE 36 ASIA-PACIFIC RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 37 ASIA-PACIFIC RING MAIN UNIT MARKET, BY APPLICATION

TABLE 38 CHINA RING MAIN UNIT MARKET, BY TYPE

TABLE 39 CHINA RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 40 CHINA RING MAIN UNIT MARKET, BY APPLICATION

TABLE 41 JAPAN RING MAIN UNIT MARKET, BY TYPE

TABLE 42 JAPAN RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 43 JAPAN RING MAIN UNIT MARKET, BY APPLICATION

TABLE 44 INDIA RING MAIN UNIT MARKET, BY TYPE

TABLE 45 INDIA RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 46 INDIA RING MAIN UNIT MARKET, BY APPLICATION

TABLE 47 REST OF ASIA-PACIFIC RING MAIN UNIT MARKET, BY TYPE

TABLE 48 REST OF ASIA-PACIFIC RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 49 REST OF ASIA-PACIFIC RING MAIN UNIT MARKET, BY APPLICATION

TABLE 50 RoW RING MAIN UNIT MARKET, BY TYPE

TABLE 51 RoW RING MAIN UNIT MARKET, BY INSTALLATION

TABLE 52 RoW RING MAIN UNIT MARKET, BY APPLICATION 

LIST OF FIGURES

FIGURE 1 RESEARCH INSTALLATION

FIGURE 2 GLOBAL RING MAIN UNIT MARKET: BY TYPE (%)

FIGURE 3 GLOBAL RING MAIN UNIT MARKET: BY INSTALLATION (%)

FIGURE 4 GLOBAL RING MAIN UNIT MARKET: BY APPLICATION (%)

FIGURE 5 GLOBAL RING MAIN UNIT MARKET: BY REGION

FIGURE 6 NORTH AMERICA RING MAIN UNIT MARKET, BY TYPE (%)

FIGURE 7 NORTH AMERICA RING MAIN UNIT MARKET, BY INSTALLATION (%)

FIGURE 8 NORTH AMERICA RING MAIN UNIT MARKET, BY APPLICATION (%)

FIGURE 9 EUROPE RING MAIN UNIT MARKET, BY TYPE (%)

FIGURE 10 EUROPE RING MAIN UNIT MARKET, BY INSTALLATION (%)

FIGURE 11 EUROPE RING MAIN UNIT MARKET, BY APPLICATION (%)

FIGURE 12 ASIA-PACIFIC RING MAIN UNIT MARKET, BY TYPE (%)

FIGURE 13 ASIA-PACIFIC RING MAIN UNIT MARKET, BY INSTALLATION (%)

FIGURE 14 ASIA-PACIFIC RING MAIN UNIT MARKET, BY APPLICATION (%)

FIGURE 15 ROW RING MAIN UNIT MARKET, BY TYPE (%)

FIGURE 16 ROW RING MAIN UNIT MARKET, BY INSTALLATION (%)

FIGURE 17 ROW RING MAIN UNIT MARKET, BY APPLICATION (%)

Ring Main Unit Market