Ring Main Unit Market trends research and projections for 2017 – 2024

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Ring Main Unit Market trends research and
projections for 2017 2024
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Global Market Scenario of Ring Main Unit Industry

• Rising investments toward infrastructural
  development subject to pervasive residential and
  commercial establishments across developing
  regions will stimulate the ring main unit market
  size. Refurbishment of aging grid networks
  coupled with increasing demand for advanced
  control and monitoring distribution units will
  further embellish the business outlook.
• Government of Serbia in partnership with the
  government of China have proposed plans in line
  with modernization of the conventional electrical
  infrastructure across Serbia. Regulators in 2017
  have further proclaimed, investments to value
  over USD 6.14 billion across the countrys
  infrastructure sector.
• China ring main unit market is projected to value
  over USD 300 million by 2024. Favorable
  government norms pertaining to the replacement of
  conventional fuels with sustainable energy
  resources favored by national renewable
  integration targets will fuel the industry
  landscape. In 2017, National Energy
  Administration (NEA) declared an investment worth
  USD 326 billion apropos the expansion of
  renewable energy networks across China by 2020.

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• Paradigm shift towards energy security along with
  rising environmental constraints will embellish
  the ring main unit market potential. Increasing
  focus on account of energy efficiency favored by
  briskly advancing smart grid networks will
  further foster the industry landscape. In 2017,
  Western European countries including France,
  Italy, Germany, Sweden and UK, have
  collaboratively announced an investment worth USD
  133.7 billion towards the expansion of smart grid
  networks across the region.
• Reasons to Buy This Report
• 1. Ring main unit Market size share
  forecast by product application, 2017-2024
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Ring main unit Market growth
  opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• Gas insulation in 2016, accounted for over 50 of
  the ring main unit market share owing to rapid
  expansion of industrial High-Tension TD
  networks. Effective insulation and di-electric
  strength favored by long term cost benefits in
  comparison to its competitive counterparts will
  further stimulate the product demand. In 2017,
  Toshiba announced an investment worth USD 30
  million subject to the expansion of its
  switchgear and transformer manufacturing units
  across India.
• Favorable government policies pertaining to rural
  electrification across Africa and Asia Pacific
  supported by rising investments from public and
  private financial institutions will foster the
  ring main unit market share.

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Research Methodology
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