Market Overview:
The global ring main unit switchgear market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy and rising investments in transmission and distribution infrastructure. Additionally, the growing awareness about energy conservation is also propelling the demand for ring main unit switchgear globally. Based on type, the global ring main unit switchgear market can be segmented into solid insulated, gas insulated, and air insulated switchgear. Of these, gas insulated RMU Switchgear held a dominant share in 2017 and is expected to maintain its lead during the forecast period as well. This can be attributed to its high efficiency and low maintenance requirements as compared to other types of RMU Switchgears available in the market. Based on application, residential and utilities sector held a major share of over 50% of total revenue generated by Ring Main Unit Switchgears Market In 2017 And Is Expected To Maintain Its Dominance Over The Forecast Period 2018-2030 owing To Rising Demand For Electricity Globally And Rapid Urbanization In Emerging Economies Such As China & India Which Are Driving The Growth Of Residential Sector Across These Regions .
Product Definition:
Ring Main Unit Switchgear is a device that is used to control the flow of electricity in a circuit. It is important because it helps to protect against electrical faults and prevents the spread of fire or electrical sparks.
Solid Insulated:
The solid insulated switchgear is a device used to protect electric power transmission lines from high temperatures. It works by using the principle of thermopile, which consists of a number of thin layers of different materials that allow electricity to flow through them but not heat. The SI switchgear offers protection against overvoltage and short-circuit conditions along with acting as an insulator in case the line voltage ever dips below its operating range.
Gas Insulated:
The gas insulated switchgear (GIS) is a type of switchgear used in power plants for the protection of electrical equipment from high temperature and pressure. It is mainly made up of two types of materials namely, ceramic material and polymer material. The basic function performed by GIS is to prevent the flow of hot gases coming in contact with the electrical equipment which can cause fire hazard or explosion.
Application Insights:
The utility application segment accounted for the largest revenue share of over 50% in 2017. The growth is attributed to the increasing demand from residential and commercial consumers for a reliable, high-quality power supply service. In addition, growing investments by governments in infrastructure development are expected to boost demand over the forecast period.
Industries application segment is projected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to rising industrialization across developing countries such as India, China and Brazil which has resulted in increased requirement for electricity supply resulting in higher product adoption across various industries worldwide.
The others segment includes transportation & logistics among others which accounts for a smaller share as compared with utility or residential applications but still plays an important role considering their influence on overall market dynamics such as economy, public order.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to various factors such as early adoption of electric wiring systems, high demand for smart cities, and increasing investments in renewable energy projects. Europe is expected to witness significant growth over the forecast period owing to growing demand from industries including oil & gas, power generation and others.
Asia Pacific is projected to grow at a lucrative rate over the forecast period owing to rising industrialization along with rapid urbanization across countries like China and India. In addition, governments are taking initiatives for development of smart cities which will boost consumer electronics production leading to higher sales volumes thus driving industry expansion.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Stringent government regulations for safety and security of electrical installations
- Technological advancements in RMU switchgear that improve performance and efficiency
- Rising awareness about the benefits of RMU switchgear among end users
Scope Of The Report
Report Attributes
Report Details
Report Title
Ring Main Unit Switchgear Market Research Report
By Type
Solid Insulated, Gas Insulated, Air Insulated
By Application
Residential and Utilities, Industries, Others
By Companies
ABB, Schneider Electric, Siemens, Eaton, SOJO, CEEPOWER, Creative Distribution Automation, Toshiba, Larsen & Toubro, Daya Electric, ABB, HEZONG, G&W Electric, Sevenstars Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Ring Main Unit Switchgear Market Report Segments:
The global Ring Main Unit Switchgear market is segmented on the basis of:
Types
Solid Insulated, Gas Insulated, Air Insulated
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential and Utilities, Industries, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Schneider Electric
- Siemens
- Eaton
- SOJO
- CEEPOWER
- Creative Distribution Automation
- Toshiba
- Larsen & Toubro
- Daya Electric
- ABB
- HEZONG
- G&W Electric
- Sevenstars Electric
Highlights of The Ring Main Unit Switchgear Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solid Insulated
- Gas Insulated
- Air Insulated
- By Application:
- Residential and Utilities
- Industries
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ring Main Unit Switchgear Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ring Main Unit Switchgear is the electrical equipment that switches power to and from the telephone lines in a home or office. It includes devices such as switches, transformers, and meters.
Some of the major players in the ring main unit switchgear market are ABB, Schneider Electric, Siemens, Eaton, SOJO, CEEPOWER, Creative Distribution Automation, Toshiba, Larsen & Toubro, Daya Electric, ABB, HEZONG, G&W Electric, Sevenstars Electric.
The ring main unit switchgear market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ring Main Unit Switchgear Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ring Main Unit Switchgear Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ring Main Unit Switchgear Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ring Main Unit Switchgear Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ring Main Unit Switchgear Market Size & Forecast, 2018-2028
4.5.1 Ring Main Unit Switchgear Market Size and Y-o-Y Growth
4.5.2 Ring Main Unit Switchgear Market Absolute $ Opportunity
Chapter 5 Global Ring Main Unit Switchgear Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ring Main Unit Switchgear Market Size Forecast by Type
5.2.1 Solid Insulated
5.2.2 Gas Insulated
5.2.3 Air Insulated
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ring Main Unit Switchgear Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ring Main Unit Switchgear Market Size Forecast by Applications
6.2.1 Residential and Utilities
6.2.2 Industries
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ring Main Unit Switchgear Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ring Main Unit Switchgear Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ring Main Unit Switchgear Analysis and Forecast
9.1 Introduction
9.2 North America Ring Main Unit Switchgear Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ring Main Unit Switchgear Market Size Forecast by Type
9.6.1 Solid Insulated
9.6.2 Gas Insulated
9.6.3 Air Insulated
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ring Main Unit Switchgear Market Size Forecast by Applications
9.10.1 Residential and Utilities
9.10.2 Industries
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ring Main Unit Switchgear Analysis and Forecast
10.1 Introduction
10.2 Europe Ring Main Unit Switchgear Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ring Main Unit Switchgear Market Size Forecast by Type
10.6.1 Solid Insulated
10.6.2 Gas Insulated
10.6.3 Air Insulated
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ring Main Unit Switchgear Market Size Forecast by Applications
10.10.1 Residential and Utilities
10.10.2 Industries
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ring Main Unit Switchgear Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ring Main Unit Switchgear Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ring Main Unit Switchgear Market Size Forecast by Type
11.6.1 Solid Insulated
11.6.2 Gas Insulated
11.6.3 Air Insulated
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ring Main Unit Switchgear Market Size Forecast by Applications
11.10.1 Residential and Utilities
11.10.2 Industries
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ring Main Unit Switchgear Analysis and Forecast
12.1 Introduction
12.2 Latin America Ring Main Unit Switchgear Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ring Main Unit Switchgear Market Size Forecast by Type
12.6.1 Solid Insulated
12.6.2 Gas Insulated
12.6.3 Air Insulated
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ring Main Unit Switchgear Market Size Forecast by Applications
12.10.1 Residential and Utilities
12.10.2 Industries
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ring Main Unit Switchgear Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ring Main Unit Switchgear Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ring Main Unit Switchgear Market Size Forecast by Type
13.6.1 Solid Insulated
13.6.2 Gas Insulated
13.6.3 Air Insulated
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ring Main Unit Switchgear Market Size Forecast by Applications
13.10.1 Residential and Utilities
13.10.2 Industries
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ring Main Unit Switchgear Market: Competitive Dashboard
14.2 Global Ring Main Unit Switchgear Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Schneider Electric
14.3.3 Siemens
14.3.4 Eaton
14.3.5 SOJO
14.3.6 CEEPOWER
14.3.7 Creative Distribution Automation
14.3.8 Toshiba
14.3.9 Larsen & Toubro
14.3.10 Daya Electric
14.3.11 ABB
14.3.12 HEZONG
14.3.13 G&W Electric
14.3.14 Sevenstars Electric
