Ring Main Unit Market 2018-2024: This research reviews the overall ring main unit industry, which according to a report by Global Market Insights, Inc., the annual installation is set to exceed 400’ 000 units by 2024 and to hit the $3bn revenue mark.
Growth Drivers:
- Favorable government initiatives/targets toward renewable integration
- Growing electricity demand
- Rising investments across rural electrification
- Expansion of micro-grid networks
- Increasing infrastructural spending
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Segmentations covered under Ring Main Unit Market Report based on Insulation:
- Gas
- Air
- Oil
- Solid di-electric
- Others
Key Data Points from Ring Main Unit Market Analysis:
Rising investments toward infrastructural development subject to pervasive residential and commercial establishments across developing regions will stimulate the ring main unit market size.
Solid di-electric ring main unit market is set to exceed an annual installation of over 20,000 units by 2024.
Switch & Fuse in line with lower costs and reliable operations across high tension applications has witnessed appreciable penetration across the ring main unit market.
3-position ring main unit market in 2016, was valued over USD 700 million on account of rapid commercialization and residential establishments across developing regions.
China ring main unit market is projected to value over USD 300 million by 2024.
Regional Data Coverage under Ring Main Unit Market:
- North America (U.S., Canada & Mexico)
- Asia Pacific (China, South Korea, India, Japan, Australia & Malaysia)
- Europe (UK, Germany, France, Spain, Italy, & Russia)
- Latin America (Brazil, Chile & Venezuela)
- Middle East & Africa (Saudi Arabia, UAE, Kuwait, Qatar, South Africa & Nigeria)
Key Company Profiled in this Research Report:
ABB, General Electric, Eaton, Schneider Electric, Siemens AG, Crompton Greaves, Larsen & Toubro, Lucy Electric, LSIS Co. Ltd., TIEPCO, C&S Electric Ltd., Entec Electric & Electronic Co. Ltd., & Ormazabal.
Key Chapters Covered:
- Methodology
- Executive Summary
- Ring Main Unit Industry Insights
- Ring Main Unit Market, By Insulation
- Ring Main Unit Market, By Position
- Ring Main Unit Market, By Installation
- Ring Main Unit Market, By Component
- Ring Main Unit Market, By Application
- Ring Main Unit Market, By Region
- Company Profiles
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