Ring Main Unit Market Insights Global Briefing by Experts 2017 to 2022
The global ring main unit market is estimated to be USD 1.64 Billion in 2017, and is expected to
grow at a CAGR of 8.35% from 2017 to 2022. Increasing smart distribution networks and power
generation capacity addition & enhancement plans for distribution networks are major factors
driving the ring main unit market.
To enable an in-depth understanding of the competitive landscape, the report includes profiles
of some of the top players in the ring main unit market. These players include ABB, Ltd.
(Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG
(Germany), and General Electric Company (U.S.). Leading players are trying to penetrate the
markets in developing economies and are adopting various strategies to increase their market
share. In June 2017, ABB has launched ZX2 AirPlus which will be used for primary power
distribution. Also, in May 2017, Qatar General Water & Electricity Corporation (Kahramaa) has
signed a contract for 8DJH switchgear will be used as ring main units (RMU)
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Growing modernization of existing power infrastructure to drive the global ring main unit
demand close to USD 2,454.4 million by 2022
Ring main units are switching devices employed in the ring circuits of secondary distribution
networks. These devices ensure the maximized protection of circuits and other equipment connected
to them. The main advantage of ring main units is that they can be connected to multiple power
sources for uninterrupted power supply. These devices are available with various insulating media,
subject to demand from consumers.
The global ring main unit market size is projected to reach USD 2,454.4 Million by 2022, largely
due to increasing modernization of power infrastructure, growing activities in capacity addition and
enhancement plans for distribution networks. Ongoing smart distribution network investments and
developments by many countries are likely to propel the growth of the ring main unit in the long -
term forecast.
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Objectives of the Study
•
To define, describe, and forecast the global ring main unit market by type, installation,
application, and region