Market Overview:
The global solid insulated ring main units 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 electricity and rising investments in smart grid infrastructure across the globe. In addition, growing awareness about energy efficiency is also propelling the growth of this market. Based on type, the global solid insulated ring main units market can be segmented into high voltage, medium voltage, and low voltage segments. The high voltage segment is expected to account for a major share of the global solid insulated ring main units market in 2018.
Product Definition:
A ring main unit (RMU) is a type of electrical distribution unit used to supply power to customers. A solid insulated RMU is a special type of RMU that uses solid insulation instead of the traditional air-insulated design. This allows for higher voltages and currents to be distributed, making it ideal for use in high-power applications.
High Voltage:
High voltage (HV) is the general term used for electric voltages greater than or equal to 1000 volts. The HV systems are widely used in power transmission and distribution, utility, oil & gas industries. It also finds its applications in consumer electronics such as television sets, refrigerators and air conditioners among others.
The global high-voltage market size was valued at USD 23 billion in 2015.
Medium Voltage:
The medium voltage (MV) is the middle range of electric power. It is also known as the standard voltage or primary voltage. The MV in a ring main unit refers to the high-voltage, current-carrying part of an electrical transformer that provides power for utility services and domestic appliances such as motors, heaters, and others.
Application Insights:
The power utilities segment accounted for the largest revenue share of over 50% in 2017. The segment is expected to witness significant growth on account of rising demand for electricity, especially in emerging economies such as India and China. Solid-state insulation provides enhanced electrical conductivity, which results in lower thermal losses and improved energy efficiency. This factor is projected to drive the product demand from the power utilities application segment over the forecast period.
Transportation sector emerged as a prominent application area for SIIRMCUs with a market share of 29% in 2017 owing to its wide scope across various sectors including automotive & transportation, oil & gas, telecom equipment manufacturing and healthcare among others. The product offers excellent resistance against corrosion caused by moisture inside vehicles coupled with low maintenance cost are some factors that are likely to propel its demand from this sector over the forecast period thereby benefitting overall industry growth during this time span.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for electric vehicles and rising industrialization in the region. In addition, growing population and rapid urbanization are also anticipated to drive product demand over the forecast period.
Europe accounted for more than 30% share of global revenue in 2017 on account of high acceptance due to better performance as comparedto other products especially at low temperatures. Moreover, presence of major manufacturers such as Alstom; Siemens; General Electric; Bechtel Group Inc.; Andritz AG & Co.; Kiewit Group PLC.; Flourishing Investments Limited (Flinthill); Voestalpine AG & Co is expected boost growth over next eight years till 2030 time frame.
North America was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Stringent government regulations for energy conservation
- Rising prices of traditional fuels such as oil, gas, and coal
- Development of new technologies for solid insulated ring main units that are more efficient and have a longer life span
- Growing awareness about the benefits of using solid insulated ring main units among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Solid Insulated Ring Main Units Market Research Report
By Type
High Voltage, Medium Voltage, Low Voltage
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, Yueqing Tenlee Electric, 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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Solid Insulated Ring Main Units Market Report Segments:
The global Solid Insulated Ring Main Units market is segmented on the basis of:
Types
High Voltage, Medium Voltage, Low Voltage
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
- Yueqing Tenlee Electric
- Wenzhou Rockwill Electric
- Leadlon
- DERUI Electric
- Sevenstars Electric
Highlights of The Solid Insulated 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:
- High Voltage
- Medium Voltage
- Low Voltage
- 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 Solid Insulated 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Solid insulated ring main units are a type of electrical equipment that is used to provide power to an electric grid. They are made up of a number of interconnected metal rings that are heated by electricity and used to create steam, which in turn powers turbines.
Some of the key players operating in the solid insulated ring main units market are ABB, Eaton, General Electric, Schneider Electric, Siemens, Entec Electric & Electronic, Larsen & Toubro, LSIS Co. Ltd, Tiepco, Yashmun Engineers, Yueqing Tenlee Electric, Wenzhou Rockwill Electric, Leadlon, DERUI Electric, Sevenstars Electric.
The solid insulated ring main units market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solid Insulated 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 Solid Insulated Ring Main Units Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Solid Insulated 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 Solid Insulated 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 Solid Insulated Ring Main Units Market Size & Forecast, 2020-2028 4.5.1 Solid Insulated Ring Main Units Market Size and Y-o-Y Growth 4.5.2 Solid Insulated 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 High Voltage
5.2.2 Medium Voltage
5.2.3 Low Voltage
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 Solid Insulated 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 Solid Insulated 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 High Voltage
9.6.2 Medium Voltage
9.6.3 Low Voltage
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 High Voltage
10.6.2 Medium Voltage
10.6.3 Low Voltage
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 High Voltage
11.6.2 Medium Voltage
11.6.3 Low Voltage
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 High Voltage
12.6.2 Medium Voltage
12.6.3 Low Voltage
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 High Voltage
13.6.2 Medium Voltage
13.6.3 Low Voltage
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 Solid Insulated Ring Main Units Market: Competitive Dashboard
14.2 Global Solid Insulated 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 Yueqing Tenlee Electric
14.3.12 Wenzhou Rockwill Electric
14.3.13 Leadlon
14.3.14 DERUI Electric
14.3.15 Sevenstars Electric