period. This growth is attributed to power generation capacity addition and enhancement plans for distribution networks in countries in the Asia-Pacific region, such as China and India, to meet the growing electricity demand. This in turn would require deployment of power equipment such as ring main units for uninterrupted power supply.
Asia-Pacific: The fastest growing market for ring main unit
In this report, the ring main unit market has been analyzed with respect to six regions, namely, Asia-Pacific, Europe, North America, the Middle East, South America, and Africa. Asia-Pacific is expected to dominate the global ring main unit market, owing to capacity additions, adoption of smart grids, and rural electrification in the region. China is expected to dominate the ring main unit market in the Asia-Pacific region. Countries such as Vietnam and Malaysia are having high growth prospects in the Asia-Pacific ring main unit market. Increasing focus on renewable power generation is likely to boost the demand for the ring main unit market in the region.
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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