Market Overview:
The global ring main units market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electricity and rising investments in power infrastructure across the globe. In addition, growing awareness about energy efficiency is also propelling the growth of this market. The global ring main units market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into oil insulated, gas insulated, air insulated and other types. Among these segments, oil insulated RMUs are expected to hold a major share in terms of revenue in 2018 owing to their high efficiency and reliability as compared to other types of RMUs. On the basis of application, it can be classified into power utilities, transportation and other applications such as mining & metals processing plants and petrochemical plants etcetera . Power utilities segment is anticipated witness highest growth rate during forecast period due rising investments being made by governments for expansion & upgradationof existing grid infrastructure across various countries worldwide . Regionally , North America accounted for largest share in 2017 followed by Europe due higher adoption rateof latest technologies relatedto electrical distribution systemsin these regions .
Product Definition:
Ring Main Units are important because they distribute power evenly to all the circuits in a home. This prevents any one circuit from becoming overloaded and keeps the power flowing even if one of the circuits is damaged.
Oil Insulated:
Oil insulated (OI) ring main units are used in the oil & gas industry for various applications such as subsea exploration, offshore drilling and production, onshore processing plants, pipeline transport and storage. The OI RSU market is expected to witness significant growth over the forecast period owing to its ability of providing reliable power supply with high efficiency at a low cost which makes it suitable for usage in harsh working conditions.
Gas Insulated:
The gas insulated switchgear (GIS) is a type of switchgear used in power plants for the transmission and distribution of electrical energy. It is primarily employed to protect the main electric motor from high-temperature gases that may be present around it. The GIS acts as an insulator by keeping these hot gases at a safe distance from the motor, thus protecting it against damage.
Application Insights:
The power utilities segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to the growing demand for electricity across various regions, including Asia Pacific and Middle East & Africa. Ring main units are widely used in power generation plants, hydroelectricity projects and coal-fired power plants as they provide an efficient heat transfer medium between turbine and boiler sections.
Power utilities are also increasingly using ring main boilers within their existing base load plant fleet as it provides a cost-effective solution compared to other technologies such as direct fired boilers or gas turbines without compromising on energy output or thermal efficiency. In addition, increasing investments by governments in R&D activities pertaining to renewable energy sources have resulted in increased adoption of solar heating systems which has driven demand for new boiler technology thereby propelling market growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising investments in developing infrastructure, mainly power generation and distribution facilities. In addition, rapid industrialization coupled with increasing demand for electricity across various industries is anticipated to drive the regional market over the forecast period.
The European region accounted for a significant share of revenue in 2017 owing to growing awareness regarding energy conservation among consumers along with stringent government regulations pertaining to carbon emissions from power plants and other industrial sources. Moreover, technological advancements related to insulation materials used for constructing residential buildings are expected favorably impact industry growth over the next eight years.
In North America, rising concerns regarding environmental pollution have resulted in increased adoption of energy-efficient heating equipment such as heat pumps that consume Ring MUs instead of standard electric resistance systems used for heating purposes during cold season; thereby driving product demand over the projected period.
Growth Factors:
- Increasing demand for electricity due to the growth of population and industrialization
- Rapid urbanization and development in emerging countries
- Stringent government regulations for energy conservation
- Technological advancements in RMUs that improve efficiency and reliability
- Growing awareness about the benefits of using RMUs among end-users
Scope Of The Report
Report Attributes
Report Details
Report Title
Ring Main Units Market Research Report
By Type
Oil Insulated, Gas Insulated, Air Insulated, Other
By Application
Power Utilities, Transportation, Other
By Companies
ABB, Eaton, General Electric, Schneider Electric, Siemens, Entec Electric & Electronic, Larsen & Toubro, LSIS Co. Ltd, Tiepco, Yashmun Engineers, ABB, Wenzhou Rockwill Electric, Leadlon, DERUI 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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Ring Main Units Market Report Segments:
The global Ring Main Units market is segmented on the basis of:
Types
Oil Insulated, Gas Insulated, Air Insulated, Other
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
Power Utilities, Transportation, Other
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
- Eaton
- General Electric
- Schneider Electric
- Siemens
- Entec Electric & Electronic
- Larsen & Toubro
- LSIS Co. Ltd
- Tiepco
- Yashmun Engineers
- ABB
- Wenzhou Rockwill Electric
- Leadlon
- DERUI Electric
- Sevenstars Electric
Highlights of The Ring Main Units 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:
- Oil Insulated
- Gas Insulated
- Air Insulated
- Other
- By Application:
- Power Utilities
- Transportation
- Other
- 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 Units 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
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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 units are the basic building blocks of a Ring network. They are responsible for routing messages and maintaining communication between nodes in the network.
Some of the key players operating in the ring main units market are ABB, Eaton, General Electric, Schneider Electric, Siemens, Entec Electric & Electronic, Larsen & Toubro, LSIS Co. Ltd, Tiepco, Yashmun Engineers, ABB, Wenzhou Rockwill Electric, Leadlon, DERUI Electric, Sevenstars Electric.
The ring main units 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 Units 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 Units Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Ring Main Units 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 Units 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 Units Market Size & Forecast, 2020-2028 4.5.1 Ring Main Units Market Size and Y-o-Y Growth 4.5.2 Ring Main Units Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Oil Insulated
5.2.2 Gas Insulated
5.2.3 Air Insulated
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Power Utilities
6.2.2 Transportation
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ring Main Units 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 Units 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Oil Insulated
9.6.2 Gas Insulated
9.6.3 Air Insulated
9.6.4 Other
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 Market Size Forecast by Applications
9.10.1 Power Utilities
9.10.2 Transportation
9.10.3 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Oil Insulated
10.6.2 Gas Insulated
10.6.3 Air Insulated
10.6.4 Other
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 Market Size Forecast by Applications
10.10.1 Power Utilities
10.10.2 Transportation
10.10.3 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Oil Insulated
11.6.2 Gas Insulated
11.6.3 Air Insulated
11.6.4 Other
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 Market Size Forecast by Applications
11.10.1 Power Utilities
11.10.2 Transportation
11.10.3 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Oil Insulated
12.6.2 Gas Insulated
12.6.3 Air Insulated
12.6.4 Other
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 Market Size Forecast by Applications
12.10.1 Power Utilities
12.10.2 Transportation
12.10.3 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Oil Insulated
13.6.2 Gas Insulated
13.6.3 Air Insulated
13.6.4 Other
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) Market Size Forecast by Applications
13.10.1 Power Utilities
13.10.2 Transportation
13.10.3 Other
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 Units Market: Competitive Dashboard
14.2 Global Ring Main Units Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Eaton
14.3.3 General Electric
14.3.4 Schneider Electric
14.3.5 Siemens
14.3.6 Entec Electric & Electronic
14.3.7 Larsen & Toubro
14.3.8 LSIS Co. Ltd
14.3.9 Tiepco
14.3.10 Yashmun Engineers
14.3.11 ABB
14.3.12 Wenzhou Rockwill Electric
14.3.13 Leadlon
14.3.14 DERUI Electric
14.3.15 Sevenstars Electric