Ring Main Unit Market to grow at a Significant Rate through 2026
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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