Ring Main Unit Market – Global Industry Analysis 2025

1
Ring Main Unit Market by Type (Gas, Air, Oil, and
Solid Dielectric), Installation (Outdoor, and
Indoor), Application (Distribution Utilities,
Industries, and Infrastructure Transportation),
Voltage Rating, and Region - Global Forecast to
2025
www.MarketsandMarkets.com
2
The global ring main unit market is expected to
reach USD 2.5 billion by 2025 from an estimated
value of USD 1.6 billion in 2020, at a CAGR of
9.3. Capacity additions, increasing electricity
demand, and industrialization projects in
countries such as China, Japan, India, and South
Korea are the main reasons spurring the growth of
the ring main unit market. In India, factors such
as rural electrification, adoption of smart
grids, and substation automation projects are
increasing the demand for ring main units. Due to
the COVID-19 outbreak, the US has a negative
growth rate of -2.45 in the manufacturing sector
compared to -3.25 of China. India, Japan, and
Europe registered a negative growth of -3.98,
2.77, and -2.89, respectively, in their
manufacturing sectors. View detailed Table of
Content here https//www.marketsandmarkets.com/
Market-Reports/ring-main-unit-market-51228954.html

3
The distribution utilities segment is expected to
be the largest ring main unit market, by
application, during the forecast
period Increasing investments in power
distribution networks due do the rise in
urbanization in developing countries, along with
the space constraints in densely populated areas,
are expected to drive the market for ring main
units in the distribution utilities segment.
Global distribution utilities are facing various
challenges such as aging workforce that cannot be
replaced because of lack of skilled workforce.
Also, COVID-19 has further exacerbated the
situation because manual intervention in the
field is still required. Because of the lockdown
situation, utilities are at a standstill, which
has led to losses for companies. This has had a
negative impact on the ring main unit
market. Make an Inquiry https//www.marketsand
markets.com/Enquiry_Before_BuyingNew.asp?id512289
54

4
The outdoor segment is projected to account for a
significant share of the ring main unit during
the forecast period The outdoor ring main unit
segment is likely to dominate during the forecast
period. Growing power consumption, ultimately
leading to the expansion and upgradation of power
grid, and increasing solar and wind energy
installed capacity are expected to boost the
demand for outdoor ring main units. COVID-19 has
negatively impacted the power industry globally
during the past two months. The demand curve for
electricity has taken up new shapes, mainly in
those countries where the impact of coronavirus
is high. The decreasing demand for electricity is
caused by lockdowns across countries to mitigate
the spread of the virus. This will have a
negative impact on the growth of the outdoor ring
main unit market for a considerable period of
time.

5
Browse gtgt 110 market data
tables 57 figures
169 pages and in-depth TOC on Ring
Main Unit Market - Global Forecast to
2025 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
6
The gas insulated segment is projected to account
for the largest share during the forecast
period The gas insulated segment is predicted
to dominate the ring main unit market based on
application. Growing demand from countries such
as India, Japan, and China is the driving factor
for the gas insulated ring main unit market.
However, due to COVID-19, the market size for the
gas insulated segment fell in 2020. Gas insulated
ring main units require SF6 gas, and
manufacturers of gas insulated ring main units
are finding it hard to procure SF6 gas due to the
ongoing lockdown restrictions.
7
Asia Pacific is projected to dominate the global
ring main unit market during the forecast
period In this report, the ring main unit
market has been analyzed concerning six regions,
namely, Asia Pacific, North America, Europe,
South America, Middle East, and Africa. Asia
Pacific is expected to lead the market during the
forecast period. Urbanization and
industrialization, along with increasing rural
electrification and electricity consumption in
China, Japan, and India, are likely to drive the
ring main unit market in the region. Speak to
Analyst _at_ https//www.marketsandmarkets.com/speakt
oanalystNew.asp?id51228954
8

• Key players -
• To enable an in-depth understanding of the
  competitive landscape, the report includes the
  profiles of some of the top players in the Ring
  Main Unit Market. These include
• ABB (Switzerland),
• Schneider Elecctric (France),
• Eaton (Ireland),
• Lucy Electric (UK),
• Larsen Toubro (India),
• Siemens (Germany),
• CS Electric (India),
• LS Electric (South Korea),
• Ormazabal (Spain),
• TIEPCO (Saudi Arabia),
• ENTEC Electric Electronic (South Korea) and
  many more...
• Buy Now -
• https//www.marketsandmarkets.com/Purchase/purchas
  e_reportNew.asp?id51228954

9
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 sales_at_marketsandmarkets
.com