Global Ring Main Unit (RMU) Market was valued US$ 1.71 Bn in 2018 and is expected to reach US$ 3.3Bn by 2026, at a CAGR of 8.6 % during a forecast period.

Across several countries, modernization of existing power infrastructure is underway, and augmented emphasis is now being given to increasing the capacity as well as enhance the distribution network in order to meet the increasing demands. These are the primary factors driving the demand in the global market for ring main unit. Furthermore, in order to ensure continuous power supply, a number of end-use industries are installing ring main units as secondary distribution source. This factor is also anticipated to favor the demand for ring main unit in the future. On the other hand, high cost of ring main units as compared to conventional switchgear is a factor that is limiting the growth of the market.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

According to type segment, the gas insulated segment accounted for the largest market size of XX % in 2016. This segment is anticipated to grow at the fastest growth rate from 2018 to 2026, on account of increasing application of gas insulated ring main units in power grids, underground installations, wind power plants, and mining applications. Also, gas insulated ring main units are compact in size and have better functionality compared to other types of ring main units. The gas insulated ring main unit market is projected to witness the maximum growth in the Asia-Pacific region.

Across numerous developed and developing countries, because of growing pollution concerns, the emphasis on renewable energy is rising, and those governments are offering favorable mandates. RMUs are now frequently integrated with in solar power plant and help in minimizing power losses as well as enhance safety with reduced cable lengths. This development is anticipated to open new opportunities for the vendors operating in the global ring main unit market.

Geographically, Asia-Pacific is expected to dominate the global ring main unit market by 2026 and is projected to grow at the highest CAGR of XX % from 2018 to 2026. There has been growing power demand in Asia-Pacific, as a result of which, significant investments have been made in the region to augment power generation capacities. These investments are anticipated to boost the demand for ring main units.
This research study involved the use of widespread secondary sources, directories, and databases to identify and collect information useful for a technical, market-oriented, and commercial study of global ring main unit market. Primary sources are mostly trade experts from core and related trades, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard & certification organizations of companies, and organizations related to all the segments of this trade’s value chain.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global ring main unit (RMU) market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global ring main unit (RMU) market

This Report Is Submitted By : Maximize Market Research Company

Customization of the report:

Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.




About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

Contact info:

Name: Lumawant Godage

Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.

Email: [email protected]

Address : Pune, Maharashtra 411051, India.

Contact: +919607195908