Ring Main Unit Market
Ring Main Unit - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Ring Main Unit Market is accounted for $1.44 billion in 2019 and is expected to reach $3.39 billion by 2027 growing at a CAGR of 11.3% during the forecast period. Modernization of existing power infrastructure by integrating it with smart capabilities and favorable government initiatives/targets toward renewable energy integration are the major factors driving the market growth. However, high cost as compared to conventional switchgears and reduced profit margins of utilities due to declining energy cost are restraining the market growth. Moreover, growing renewable energy sector would provide ample opportunities for the market growth.
Ring main unit is a gas-insulated compact switchgear unit that plays an important role in secondary distribution substations. It is used to provide uninterrupted power supply by making a ring of power supply so that in case of failure of the first source of power supply, power can be supplied with the help of the second source. It is preferable over conventional switchgears owing to various properties such as high flexibility, enhanced safety, and less maintenance charges.
Based on position, the 10-position segment is likely to have a huge demand as it is the new latest version of ring main units which were used in many applications like distribution utilities, industries, infrastructure, transportation & others. By geography, Asia Pacific is going to have a lucrative growth during the forecast period. Urbanization and industrialization, along with increasing electricity consumption demand in China, Japan, and India, are likely to drive the ring main unit market in the region.
Some of the key players profiled in the Ring Main Unit Market include ABB Ltd, CHINT ELECTRICS EUROPE S.R.L, DynaGen Technologies Inc, Eaton Corporation Plc, Entec Electric & Electronic Co Ltd, General Electric Company, INDUSTRY GAS GROUP, Larsen & Toubro, LSIS Co Ltd, Madison Company Inc, McQuay Service, S&C Electric Company, Schneider Electric SE, Siemens AG, Tiepco, W. A. Benjamin Electric Company, Wenzhou Rockwill Electric Co Ltd, Yashmun Engineers Ltd and Yueqing Tenlee Electric Co Ltd.
Installations Covered:
• Indoor
• Outdoor
Components Covered:
• Self-Powered Electronic Relays
• Switch & Fuses
Fuel Types Covered:
• Renewable
• Diesel
Positions Covered:
• 3-position
• 6-position
• 10-position
Configurations Covered:
• Circuit Breaker Unit
• Energy Metering Unit
• Fuse-Switch Unit
Ratings Covered:
• < 12 kV
• 12 kV to 17.5 kV
• 17.5 kV to 24 kV
• > 24 kV
Types Covered:
• Oil Insulated
• Dry Type
Sales Channels Covered:
• Aftermarket
• Manufacturer/Distributor/Service Provider
Applications Covered:
• Power Utilities
• Energy
• Industrial
• Infrastructure
• Transportation
End Users Covered:
• Automotive
• Construction
• Electricity Distribution
• Events
• Manufacturing
• Mining
• Oil and Gas
• Shipping
• Transmission
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Ring Main Unit Market, By Installation
5.1 Introduction
5.2 Indoor
5.3 Outdoor
6 Global Ring Main Unit Market, By Component
6.1 Introduction
6.2 Self-Powered Electronic Relays
6.3 Switch & Fuses
7 Global Ring Main Unit Market, By Fuel Type
7.1 Introduction
7.2 Renewable
7.3 Diesel
8 Global Ring Main Unit Market, By Position
8.1 Introduction
8.2 3-position
8.3 6-position
8.4 10-position
9 Global Ring Main Unit Market, By Configuration
9.1 Introduction
9.2 Circuit Breaker Unit
9.3 Energy Metering Unit
9.4 Fuse-Switch Unit
10 Global Ring Main Unit Market, By Rating
10.1 Introduction
10.2 < 12 kV
10.3 12 kV to 17.5 kV
10.4 17.5 kV to 24 kV
10.5 > 24 kV
11 Global Ring Main Unit Market, By Type
11.1 Introduction
11.2 Oil Insulated
11.3 Dry Type
11.3.1 Air Insulated
11.3.2 Solid Dielectric
12 Global Ring Main Unit Market, By Sales Channel
12.1 Introduction
12.2 Aftermarket
12.3 Manufacturer/Distributor/Service Provider
13 Global Ring Main Unit Market, By Application
13.1 Introduction
13.2 Power Utilities
13.3 Energy
13.4 Industrial
13.4.1 Compact Secondary Substations
13.4.2 Distribution Utilities
13.4.3 Wind Power Plant
13.5 Infrastructure
13.5.1 Residential
13.5.2 Commmercial/ Non-Residential
13.5.2.1 Hospitals
13.5.2.2 Hotel & Resort
13.5.2.3 Office
13.6 Transportation
13.6.1 Tunnel
13.6.2 Airports
14 Global Ring Main Unit Market, By End User
14.1 Introduction
14.2 Automotive
14.3 Construction
14.4 Electricity Distribution
14.5 Events
14.6 Manufacturing
14.7 Mining
14.8 Oil and Gas
14.9 Shipping
14.10 Transmission
15 Global Ring Main Unit Market, By Geography
15.1 Introduction
15.2 North America
15.2.1 US
15.2.2 Canada
15.2.3 Mexico
15.3 Europe
15.3.1 Germany
15.3.2 UK
15.3.3 Italy
15.3.4 France
15.3.5 Spain
15.3.6 Rest of Europe
15.4 Asia Pacific
15.4.1 Japan
15.4.2 China
15.4.3 India
15.4.4 Australia
15.4.5 New Zealand
15.4.6 South Korea
15.4.7 Rest of Asia Pacific
15.5 South America
15.5.1 Argentina
15.5.2 Brazil
15.5.3 Chile
15.5.4 Rest of South America
15.6 Middle East & Africa
15.6.1 Saudi Arabia
15.6.2 UAE
15.6.3 Qatar
15.6.4 South Africa
15.6.5 Rest of Middle East & Africa
16 Key Developments
16.1 Agreements, Partnerships, Collaborations and Joint Ventures
16.2 Acquisitions & Mergers
16.3 New Product Launch
16.4 Expansions
16.5 Other Key Strategies
17 Company Profiling
17.1 ABB Ltd
17.2 CHINT ELECTRICS EUROPE S.R.L
17.3 DynaGen Technologies Inc
17.4 Eaton Corporation Plc
17.5 Entec Electric & Electronic Co Ltd
17.6 General Electric Company
17.7 INDUSTRY GAS GROUP
17.8 Larsen & Toubro
17.9 LSIS Co Ltd
17.10 Madison Company Inc
17.11 McQuay Service
17.12 S&C Electric Company
17.13 Schneider Electric SE
17.14 Siemens AG
17.15 Tiepco
17.16 W. A. Benjamin Electric Company
17.17 Wenzhou Rockwill Electric Co Ltd
17.18 Yashmun Engineers Ltd
17.19 Yueqing Tenlee Electric Co Ltd
List of Tables
1 Global Ring Main Unit Market Outlook, By Region (2018-2027) ($MN)
2 Global Ring Main Unit Market Outlook, By Installation (2018-2027) ($MN)
3 Global Ring Main Unit Market Outlook, By Indoor (2018-2027) ($MN)
4 Global Ring Main Unit Market Outlook, By Outdoor (2018-2027) ($MN)
5 Global Ring Main Unit Market Outlook, By Component (2018-2027) ($MN)
6 Global Ring Main Unit Market Outlook, By Self-Powered Electronic Relays (2018-2027) ($MN)
7 Global Ring Main Unit Market Outlook, By Switch & Fuses (2018-2027) ($MN)
8 Global Ring Main Unit Market Outlook, By Fuel Type (2018-2027) ($MN)
9 Global Ring Main Unit Market Outlook, By Renewable (2018-2027) ($MN)
10 Global Ring Main Unit Market Outlook, By Diesel (2018-2027) ($MN)
11 Global Ring Main Unit Market Outlook, By Position (2018-2027) ($MN)
12 Global Ring Main Unit Market Outlook, By 3-position (2018-2027) ($MN)
13 Global Ring Main Unit Market Outlook, By 6-position (2018-2027) ($MN)
14 Global Ring Main Unit Market Outlook, By 10-position (2018-2027) ($MN)
15 Global Ring Main Unit Market Outlook, By Configuration (2018-2027) ($MN)
16 Global Ring Main Unit Market Outlook, By Circuit Breaker Unit (2018-2027) ($MN)
17 Global Ring Main Unit Market Outlook, By Energy Metering Unit (2018-2027) ($MN)
18 Global Ring Main Unit Market Outlook, By Fuse-Switch Unit (2018-2027) ($MN)
19 Global Ring Main Unit Market Outlook, By Rating (2018-2027) ($MN)
20 Global Ring Main Unit Market Outlook, By < 12 Kv (2018-2027) ($MN)
21 Global Ring Main Unit Market Outlook, By 12 kV to 17.5 kV (2018-2027) ($MN)
22 Global Ring Main Unit Market Outlook, By 17.5 kV to 24 kV (2018-2027) ($MN)
23 Global Ring Main Unit Market Outlook, By > 24 kV (2018-2027) ($MN)
24 Global Ring Main Unit Market Outlook, By Type (2018-2027) ($MN)
25 Global Ring Main Unit Market Outlook, By Oil Insulated (2018-2027) ($MN)
26 Global Ring Main Unit Market Outlook, By Dry Type (2018-2027) ($MN)
27 Global Ring Main Unit Market Outlook, By Air Insulated (2018-2027) ($MN)
28 Global Ring Main Unit Market Outlook, By Solid Dielectric (2018-2027) ($MN)
29 Global Ring Main Unit Market Outlook, By Sales Channel (2018-2027) ($MN)
30 Global Ring Main Unit Market Outlook, By Aftermarket (2018-2027) ($MN)
31 Global Ring Main Unit Market Outlook, By Manufacturer/Distributor/Service Provider (2018-2027) ($MN)
32 Global Ring Main Unit Market Outlook, By Application (2018-2027) ($MN)
33 Global Ring Main Unit Market Outlook, By Power Utilities (2018-2027) ($MN)
34 Global Ring Main Unit Market Outlook, By Energy (2018-2027) ($MN)
35 Global Ring Main Unit Market Outlook, By Industrial (2018-2027) ($MN)
36 Global Ring Main Unit Market Outlook, By Compact Secondary Substations (2018-2027) ($MN)
37 Global Ring Main Unit Market Outlook, By Distribution Utilities (2018-2027) ($MN)
38 Global Ring Main Unit Market Outlook, By Wind Power Plant (2018-2027) ($MN)
39 Global Ring Main Unit Market Outlook, By Infrastructure (2018-2027) ($MN)
40 Global Ring Main Unit Market Outlook, By Residential (2018-2027) ($MN)
41 Global Ring Main Unit Market Outlook, By Commmercial/ Non-Residential (2018-2027) ($MN)
42 Global Ring Main Unit Market Outlook, By Transportation (2018-2027) ($MN)
43 Global Ring Main Unit Market Outlook, By Tunnel (2018-2027) ($MN)
44 Global Ring Main Unit Market Outlook, By Airports (2018-2027) ($MN)
45 Global Ring Main Unit Market Outlook, By End User (2018-2027) ($MN)
46 Global Ring Main Unit Market Outlook, By Automotive (2018-2027) ($MN)
47 Global Ring Main Unit Market Outlook, By Construction (2018-2027) ($MN)
48 Global Ring Main Unit Market Outlook, By Electricity Distribution (2018-2027) ($MN)
49 Global Ring Main Unit Market Outlook, By Events (2018-2027) ($MN)
50 Global Ring Main Unit Market Outlook, By Manufacturing (2018-2027) ($MN)
51 Global Ring Main Unit Market Outlook, By Mining (2018-2027) ($MN)
52 Global Ring Main Unit Market Outlook, By Oil and Gas (2018-2027) ($MN)
53 Global Ring Main Unit Market Outlook, By Shipping (2018-2027) ($MN)
54 Global Ring Main Unit Market Outlook, By Transmission (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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