Tue. Dec 7th, 2021

Residential and commercial existing network upgradation is expected to drive the demand for global ring main unit market in forecast period.

According to TechSci Research report, “Global Ring Main Unit Market By Type (Gas Insulated, Oil Insulated, Air Insulated, Solid Dielectric), By Component (Switch & Fuses, Self-powered Electronic Relays, Others), By Installation (Indoor v/s Outdoor), By Position (3-position, 6-position, 10-position, Others), By Voltage Rating (Up to 15 kV, 16–25 kV, Above 25 kV), By Application (Distribution Utilities, Industries, Infrastructure & Transportation), By Company, By Region, Forecast & Opportunities, 2026”, is expected to witness significant growth in the next five years owing to surge in power requirements due to high proliferation of electronic devices and the need for continuous connectivity. Adoption of new technologies, for instance, economically viable smart grid infrastructure integrated with ring main unit to obtain optimum output is a major driver for the global ring main unit market growth. Underground cable installations around the globe to ensure reliability of connectivity and resistance to natural calamities is another factor anticipated to surge the market growth of the global ring main unit market.

However, lower operational capacity than portable power generators and lack of awareness regarding importance of ring main units may create hindrance in the global ring main unit market.

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Global ring main unit market is segmented based on type, component, installation, position, voltage rating, application, region, and company. Based on type, the global ring main unit market is categorized into gas insulated, oil insulated, air insulated and solid dielectric segment. Gas insulated segment is expected to dominate the global ring main unit market on account of its anti-climactic nature, higher efficiency, and compact size in addition to diverse end user applications such as in railways, power grids, underground installations, and others. Based on application, the market is mainly divided into distribution utilities, industries, and infrastructure & transportation segment. Distribution utilities hold dominance throughout the forecast period due to rising population demand for increasing power consumption and rapid urbanization. Also, rise in number of sub-stations is influencing the market growth. By voltage rating analysis, the market is further break-down into Up to 15 kV, 16–25 kV and above 25 kV. Huge high-end investments for research and development of existing technologies for distribution network infrastructure is fueling the market growth. Depending on position of ring main unit, the market is classified into 3-position, 6-position, and 10-position. 3-position is anticipated is hold substantial position in the global ring main unit market growth. Micro-grid infrastructure and expansion of grid system are the major contributing factors to ensure security of existing infrastructure and growth of the global ring main unit market. Also, the need to lower peak demand for rural areas is a major driver for the growth of the global ring main unit market. Based on installation, the market is bifurcated into indoor and outdoor segment. Indoor ring main unit held major share in 2020 and is expected to dominate the market for the next five years. Space utility issue for installations and expansion of existing network infrastructure is aiding the increasing market growth. Huge investments in real estate sector are further expected to accelerate the market growth.

ABB Ltd., Schneider Electric SE, Eaton Corporation Plc, Larsen & Toubro Limited, Siemens AG, C&S Electric Ltd., LS Electric Co., Ltd., Entec Electric & Electronic Co., Ltd, General Electric Company, EPE Switchgear (M) Sdn. Bhd. are the leading players operating in global ring main unit market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several electric charging vehicle infrastructure manufacturers are coming up with their technologically advanced offerings.

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“Growing preference for automation by consumers to obtain optimum performance by devices and real-time analytics is expected to be the major driver for the global ring main unit market. Also, expansion and modernization of existing grid systems in addition to the adoption of renewable energy sources as better alternative energy by consumers is aiding the market growth due to requirement of ring main unit at sub-station level. Adoption of technologies aiding lower carbon footprint requires integration of ring main unit, which is fueling the market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Ring Main Unit Market By Type (Gas Insulated, Oil Insulated, Air Insulated, Solid Dielectric), By Component (Switch & Fuses, Self-powered Electronic Relays, Others), By Installation (Indoor v/s Outdoor), By Position (3-position, 6-position, 10-position, Others), By Voltage Rating (Up to 15 kV, 16–25 kV, Above 25 kV), By Application (Distribution Utilities, Industries, Infrastructure & Transportation), By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global ring main unit market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global ring main unit market.

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