The global Ring Main Unit market was valued at 1966.25 Million USD in 2021 and will grow with a CAGR of 4.63% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

In an electrical power distribution system, a ring main unit (RMU) is a factory assembled, metal enclosed set of switchgear used at the load connection points of a ring-type distribution network. It includes in one unit two switches that can connect the load to either or both main conductors, and a fusible switch or circuit breaker and switch that feed a distribution transformer. [1] The metal enclosed unit connects to the transformer either through a bus throat of standardized dimensions, or else through cables and is usually installed outdoors. Ring main cables enter and leave the cabinet. This type of switchgear is used for medium-voltage power distribution, from 7200 volts to about 36000 volts.Asia-Pacific is projected to dominate the global ring main unit market by 2023 and is expected to grow at the highest CAGR from 2018 to 2023. There has been growing power demand in Asia-Pacific, as a result of which, substantial investments have been made in the region to augment power generation capacities. These investments are expected to boost the demand for ring main units.

By Market Verdors:

ABB

Schneider

Eaton

Siemens

GE

Lucy Electric

Larsen & Toubro

LS Industrial Systems

Ormazabal

Tiepco

Crompton Greaves

Enetec Electric & Electronic

By Types:

Gas Insulated

Air Insulated

Oil Insulated

Solid Dielectric Insulated

By Applications:

Distribution Utilities

Industries

Infrastructure and Transportation

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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