Ring Main Unit Market By Type, Application, Technology, Region And Forecasts To 2021

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Ring Main Unit Market worth 2.03 Billion USD by 2020
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
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The ring mai n unit market is expected t o reach USD 2 .03 Billion by 2020, at a C AGR of 8.23% f rom 2015 to
2020. Asia- Pacific is est imated to be the largest ri ng main unit m arket in 2015 , and is expec ted to have
the highest growth during the forecast period. This g rowth is at tributed to g rowing demand for electrici ty
and power ge neration capa city additions . Furthermore, Southeast Asi an countries a re planning t o
enhance thei r power infras tructure to in corporate the additional dem and and have a robust distr ibution
network.
Distributio n utilities ap plication segm ent to registe r the highest growth
The distribu tion utilities segment requ ires ring mai n units for me tering, measu ring, and unin terrupted
power supply and to preven t damages to c ritical equip ment. Moreover , ring main un its are vital for
maintaining the stability of a grid sy stem. The distr ibution uti lities segmen t is expected to exhibit th e
highest grow th rate during the forecast period. This growth is attr ibuted to pow er generation capacity
addition and enhancement p lans for dist ribution netwo rks in countri es in Asia -Pacific, suc h as China a nd
India, to me et the growing electricity d emand. This i n turn would r equire deploy ment of power
equipment su ch as ring ma in units for u ninterrupted p ower supply.
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Gas insulate d ring main u nit segment is expected to lead the marke t
The applicat ions of gas i nsulated ring main unit incl ude power grid s, wind p ower plants, r ailway system s,
underground installations , and mining a pplications. It is the larg est segment, by type, for t he ring main
unit market. Increasing po wer consumptio n in Asia-P acific require s secure and reliable sourc e of power
supply, whi ch in turn is likely to driv e the gas ins ulated ring ma in unit marke t. Gas insulat ed ring main
unit can be easily integra ted with an ex isting system . Moreover, t hese ring main units have SF 6 as
insulation m edium, which i s enclosed in a tank. All t hese facto rs are expect ed to boost th e gas insulate d
ring main un it market.
Asia-Pacifi c is a key mar ket for ring m ain unit
Asia-Pacifi c is the large st and fastest growing ring main unit mark et. China an d India are the largest
markets in t he region. Th is growth is at tributed to c apacity additi ons, adoption of smart gri ds, and rural
electrificat ion. Apart f rom China and India, countri es such as Jap an, and other South Asian c ountries are
also growing at high rate s. Countries s uch as Vietnam and Malaysia are having hi gh growth pros pects in
the Asia-Pa cific ring mai n unit market. Increasing f ocus on renewa ble power generation is likely to fur ther
boost the de mand for the r ing main unit market the re gion.
To provide a n in-depth u nderstanding o f the competit ive landscape, the report i ncludes profi les of some
of the leadi ng players in the ring main unit market, namely, AB B Ltd. (Switze rland), Eaton Corporation P lc.
(Ireland), G eneral Electri c Company (U. S.), Schneider Electric SE ( France), and Siemens AG (Ge rmany).
These compan ies have been the most activ e in terms of strategic dev elopments fro m January 2012 to
November 201 5. Most of the se market pla yers are prese nt in Europe a nd have been a ctively parti cipating
in competiti ve development s.
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