New market study, "Ring Main Unit Market - Global Trends & Forecasts to 2020", has been published
New Energy market report from Markets and Markets: "Ring Main Unit Market - Global Trends & Forecasts to 2020" New Energy market report from Markets and Markets: "Ring Main Unit Market - Global Trends & Forecasts to 2020"
[USPRwire, Sun Feb 07 2016] Ring Main Unit Market by Type (Gas Insulated, Air Insulated, Oil Insulated, & Solid Dielectric Insulated), by Application (Distribution Utilities, Industries, and Infrastructure & Transportation), & by Region - Global Trends & Forecasts to 2020
"The ring main unit market is projected to reach USD 2.03 billion by 2020."
The ring main unit market is expected to reach USD 2.03 billion by 2020, at a CAGR of 8.23% from 2015 to 2020. Modernization of existing power infrastructure and capacity addition & enhancement plans for distribution networks have been boosting the demand for ring main units. In addition, end-use industries are deploying ring main units in secondary distribution networks for uninterrupted power supply.
Full Report Details at
"Distribution utilities segment is the largest market, by application"
The distribution utilities segment is the largest application market. Ring main units are extensively used by companies for secondary distribution networks and to protect their critical instruments. Moreover, this segment is expected to exhibit the highest CAGR from 2015 to 2020. The usage of ring main units for integrated distributed generation with the central grid is likely to drive the distribution utilities market.
"Asia-Pacific is the fastest growing market"
Asia-Pacific is expected to have the largest market share and the highest growth rate during the forecast period. The region is expected to have extensive deployment of ring main units, and is one of the key markets for ring main unit manufacturers and suppliers. The Southeast Asian countries, such as Vietnam and Malaysia, are driving the market in the region. Meanwhile, rural electrification and smart cities are the key growth drivers of the Indian ring main unit market.
The primary participants for the report have been categorized on the basis of company type, designation, and region. The details are as follows:
* By Company Type: Tier 1 - 55%, Tier 2 - 20%, and Tier 3 - 25%
* By Designation: C level - 75% and Manager level - 25%
* By Region: Asia-Pacific - 40%, Europe - 20%, North America - 10%, and Rest of World - 30%
Solid dielectric ring main unit is one of the emerging types of ring main unit because of its environment-friendly usage, sustainability approach, and operational safety. This segment is expected to grow at the highest CAGR during the forecast period. This ring main unit is the best solution for operators looking for low carbon solutions. Asia-Pacific is a potential market for solid dielectric insulated ring main units.
List of companies profiled in the report include:
* ABB Ltd.
* Eaton Corporation Plc.
* General Electric Company
* Schneider Electric SE
* Siemens AG
* Entec Electric & Electronic Co. Ltd.
* Larsen & Toubro
* Lucy Electric
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)
You may also be interested in these related reports:
- Coiled Tubing Market - Global Trends & Forecasts to 2020
- Power Rental Market - Global Trends & Forecasts to 2020
- Power Transformer Market - Global Trends & Forecasts to 2020
- Busbar Market - Global Trends & Forecasts to 2020
- Top Drive Systems Market - Global Trends & Forecasts to 2020