Ring Main Unit Market Size By Insulation (Gas, Air, Oil, Solid di-electric), By Position (3-position, 6-position, 10-position), By Installation (Indoor, Outdoor), By Component (Switch & fuses, Self-powered electronic relays), By Application (Distribution utilities, Industries, Infrastructure, Transportation), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, Russia, Italy, Spain, France, China, India, Japan, South Korea, Australia, Malaysia, Saudi Arabia, UAE, Kuwait, Qatar, South Africa, Nigeria, Brazil, Chile, Venezuela), Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Published Date: August 2017 | 465 Pages | Report ID: GMI1477 Report Format: PDF
Ring Main Unit Market size for 2016 was valued over USD 1.5 billion and the annual installation is set to exceed 400’ 000 units by 2024.
Europe Ring Main Unit Market Size, By Insulation, 2016 & 2024 (‘000 Units)
Rising infrastructural spending favoured by ongoing regulatory reforms pertaining to expansion and refurbishment of grid networks will augment the ring main unit market size. Rapid urbanization coupled with residential and commercial establishments across developing regions positively drive the business outlook. Growing demand for upgradation and replacement of conventional grid infrastructure across North America and Europe further complement the industry growth.
Exponential rise in energy consumption coupled with soaring energy security concerns will fuel the ring main unit market share. Intensifying grid complexities subject to steep growth in electrification demand in turn, obligates the deployment of network protection and control equipment. In addition to safe and reliable operations, growing concerns toward security of supply further complements the industry landscape. Favourable consumer tendencies toward the adoption of a sustainable energy mix favoured by ongoing electrification programs will further complement the business outlook.
Rising investments toward the integration of large renewable energy capacity coupled with ongoing expansion of micro-grid networks will embellish the ring main unit market growth. The industry has witnessed a steep growth in the demand for sustainable energy on account of the renewable energy targets pledged by 175 countries during UN Climate Change Conference in 2015. The regulators all over the globe have initiated numerous policies including feed-in tariffs, subsidies, incentives, and leveraging schemes to promote the deployment of clean energy sources.
Ring Main Unit Market, By Insulation
System compactness, effective di-electric strength, and sound operational safety are few indispensable parameters which will foster the gas insulated ring main unit market. The technology is expected to retain the majority share across the forecast timeframe in line with advancing smart control technologies favoured by low competition from its existing major counterparts including air and oil.
Solid di-electric ring main unit market is set to exceed an annual installation of over 20,000 units by 2024. The technology in the recent years has witnessed marginal penetration on account of low consumer awareness and higher competitive influence from conventional insulation technologies. However, the product is expected to witness steep progression pertaining to the competitive sizing, effective cost and insulating property associated with the technology.
Oil insulation subject to volatile crude price holds moderate share across the ring main unit market. The technology is projected to witness marginal growth owing to the need for supplementary equipment for the maintenance and service of systems which in turn inflates the operational costs. In adherence to operational safety, oil insulated units possess a threat of leakage which further impedes the product demand.
Ring Main Unit Market, By Position
3-position ring main unit market in 2016, was valued over USD 700 million on account of rapid commercialization and residential establishments across developing regions. Expansion of isolated and grid connected micro-grid networks will boost the product demand. Ongoing rural electrification measures hold considerable potential for 3-position ring main units owing to low peak load demand across the rural establishments.
6-position ring main unit market will grow on account of ongoing expansion of manufacturing units and captive power generation plants across industries. Rising demand for high tension electrical networks across urban establishments coupled with increasing concerns toward grid safety and operational reliability will further embellish the product penetration.
Ring Main Unit Market, By Installation
Indoor ring main unit market in 2016 hold the majority share owing to ongoing expansion and upgradation of transmission & distribution networks. Flourishing real estate sector subject to rising public and private investments will augment the business outlook. In 2017, the European Commission has proposed an investment worth USD 36.3 billion towards the infrastructural development across Russia.
Lesser time required for erection and easier fault detection are some of the key parameters which will drive the outdoor ring main unit market. Lower capital cost favoured by minimal probability for fault escalation across outdoor establishments further escalate the product demand.
Ring Main Unit Market, By Component
Switch & Fuse in line with lower costs and reliable operations across high tension applications has witnessed appreciable penetration across the ring main unit market. The technology in line with ease of replacement favoured by quick fault response time hold extensive applicability across residential and commercial applications. Circuits prone to surges that frequently cause fuses to blow may impede the product demand, whereas lower replacement costs might compensate for the restraint.
Self-powered electronic relay on account of precise monitoring along with improved fault response techniques are estimated to witness steep growth across the ring main unit market size. Higher costs may impede the product demand, whereas efficient product specifications coupled with ongoing technological advancements will foster the business outlook.
Ring Main Unit Market, By Application
Industrial applications are projected to witness gain over 7% due to ongoing industrialization favoured by rising investments to reinstate the descending small-scale industries across the developing regions. Steep progression across the food processing sector coupled with flourishing electronics industry across the globe will further complement the ring main unit market share.
Transportation applications will witness significant growth on account of expanding rail networks across the globe. Increasing investments from state owned utilities across the developed regions toward the development of a sustainable rail infrastructure will positively drive the ring main unit market. In 2017, the Association of American Railroads claimed an investment worth USD 635 billion across the country’s freight railroad industry from 1980 to 2016.
Ring Main Unit Market, By Region
The U.S. ring main unit market in 2016 accounted for over 25,000 units owing to increasing demand for the refurbishment of existing grid network. Increasing demand for a reliable grid support mechanism coupled with rapid technological advancements will foster the industry growth. Ongoing investments across the infrastructure sector along with an exponential increase in demand for electricity will further embellish the business scenario.
Increasing electricity demand coupled with favourable government norms pertaining to energy efficiency will stimulate the Germany ring main unit market. Rising investments towards renewable energy integration along with growing concerns toward energy security will further complement the industry landscape.
South Africa ring main unit market is projected to exceed USD 55 million by 2024. Lack of effective grid infrastructure across countries favoured by increasing electricity demand will foster the market size. Escalating investments from financial institutions including the International Finance Corporation (IFC), and the African Development Bank (ADB) toward electrification across the region will further embellish the business outlook. In 2017, The African Development Bank has proposed an investment worth USD 12 billion across the soaring electricity sector in Africa.
Competitive Market Share
Notable participants in the industry include ABB, General Electric, EATON, Schneider Electric, Siemens AG, Crompton Greaves, Larsen & Turbo, Lucy Electric, C&S Electric ltd., Entec Electric & Electronic Co., TIEPCO, LSIS Co. Ltd. and Ormazabal
Bulk manufacturing practices coupled with extensive R&D towards the development of smart T&D protection & control technologies have been the primary strategic phenomenon implemented by the key participants. Product customization and production facilities to cope with growing demand for flexible technological offerings prevail to be other major factors influencing the industry rivalry.
Ring Main Unit Industry Background
RMU makes, breaks and carries the load current and minimizes the electrical fault along with metering and regulating of various other parameters across the electrical power system. These products are installed by utilities, residential and industrial consumers across high tension network based electricity applications. Increasing network complexities owing to increasing demand for electricity in addition to rapid industrialization and urbanization have raised electricity faults, which further thrusts the demand for T&D protection and control equipment.
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