DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Ring Main Unit Market by Type (Gas, Air, Oil, and Solid Dielectric), Installation (Outdoor and Indoor), Application (Distribution Utilities, Industries, and Infrastructure & Transportation), and by Region - Global Forecast to 2022" report to their offering.
The ring main unit market is projected to reach USD 2.45 billion by 2022, at a CAGR of 8.35% from 2017 to 2022
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-user industries are deploying ring main units in secondary distribution networks for uninterrupted power supply. The high cost of ring main units as compared to conventional switchgear is a key factor restraining the growth of the ring main unit market.
Based on the type of ring main unit, the gas insulated segment is estimated to be the largest and fastest growing market from 2017 to 2022. The applications of gas insulated ring main unit include railway systems, wind power plants, power grids, underground installations, and mining applications. The gas insulated ring main unit is compact in size and has better functionality compared to other ring main units, thereby, driving the gas insulated ring main unit market.
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 2017 to 2022. The usage of ring main units for integrated distributed generation with the central grid is likely to drive the distribution utilities market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Ring Main Unit Market, By Type
7 Ring Main Unit Market, By Installation
8 Ring Main Unit Market, By Application
9 Ring Main Unit Market, By Region
10 Competitive Landscape
11 Company Profiles
- ABB Ltd.
- C&S Electric Limited
- Crompton Greaves Ltd
- Eaton Corporation PLC.
- Enetec Electric & Electronic Co., Ltd.
- General Electric Company
- LS Industrial Systems Co., Ltd.
- Larsen & Toubro Limited
- Lucy Electric
- Schneider Electric Se
- Siemens AG
For more information about this report visit http://www.researchandmarkets.com/research/hrrwlt/ring_main_unit