Ring Main Unit Market by Insulation Type (Gas-insulated, Air-insulated, Oil-insulated, Solid Dielectric), Installation (Indoor, Outdoor), Voltage Rating (Up to 15 kV, 15 kV–25 kV, Above 25 kV), Structure, Application, Region - Global Forecast to 2027

Abstract
The ring main unit market size will grow to USD 3.0 Billion by 2027 from USD 2.3 Billion in 2022, at a CAGR of 6.0% during the forecast period. The increasing power generation demand in countries such as China and India and the growing adoption of renewable energy in China are the major driving factors for the overall ring main unit market growth.

“The distribution utilities segment is expected to emerge as the largest segment based on application during 2022–2027.”

The ring main unit market has been segmented into distribution utilities, industrial applications, commercial buildings, and transportation infrastructure based on application. Increasing smart grid investments by T&D utilities is one of the key reasons behind the largest market share of the distribution utility segment. According to T&D World, transmission and distribution investments are likely to reach USD 351.0 billion by 2026.

“Outdoor installation: The fastest-growing segment of the ring main unit market based on installation “

Based on installation, the ring main unit market has been split into indoor and outdoor installations. Increasing investments in distribution networks due to the rise in urbanization in developing countries are expected to drive the market for outdoor ring main units.

“Europe is expected to be the second-largest market during the forecast period.”

Europe is expected to be the second largest market due to the increasing investments in automotive projects and the development of the renewable energy sector. The European Union (EU) is focusing on upgrading its aging infrastructure, integrating renewable energy sources such as solar and wind power, and building interconnections to enable more efficient power and energy trading, which eventually will enhance the demand for ring main units in the region.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1: 65%, Tier 2: 24%, and Tier 3: 11%
By Designation: C-level: 30%, Directors: 25%, and Others: 45%
By Region: North America: 33%, Europe: 27%, Asia Pacific: 20%, the Middle East & Africa: 8%, and South America: 12%

Note:Others include product engineers, product specialists, and engineering leads.
The tiers of the companies are defined based on their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million.

The ring main unit market is dominated by a few major players that have a wide regional presence. The leading players in the ring main unit market are ABB (Switzerland), Schneider Electric (France), Eaton (Ireland), Lucy Electric (UK), and Siemens (Germany).

Research Coverage:
The report defines, describes, and forecasts the global ring main unit market, by insulation type, installation, voltage rating, structure, and application. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the ring main unit market.

Key Benefits of Buying the Report
1.The report identifies and addresses the key markets for ring main units, which would help equipment manufacturers review the rise in demand.
2.The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3.The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

Content
Table of Contents

1INTRODUCTION27
1.1STUDY OBJECTIVES27
1.2MARKET DEFINITION27
1.2.1RING MAIN UNIT MARKET, BY TYPE: INCLUSIONS & EXCLUSIONS27
1.2.2RING MAIN UNIT MARKET, BY INSTALLATION: INCLUSIONS & EXCLUSIONS28
1.2.3RING MAIN UNIT MARKET, BY STRUCTURE: INCLUSIONS & EXCLUSIONS28
1.2.4RING MAIN UNIT MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS28
1.2.5RING MAIN UNIT MARKET, BY VOLTAGE RATING: INCLUSIONS & EXCLUSIONS29
1.2.6RING MAIN UNIT MARKET, BY REGION: INCLUSIONS & EXCLUSIONS29
1.3MARKET SCOPE30
1.3.1MARKET SEGMENTATION30
1.3.2REGIONAL SCOPE30
1.4YEARS CONSIDERED31
1.5CURRENCY CONSIDERED31
1.6LIMITATIONS31
1.7SUMMARY OF CHANGES32
2RESEARCH METHODOLOGY33
2.1RESEARCH DATA33
FIGURE 1RING MAIN UNIT MARKET: RESEARCH DESIGN34
2.2DATA TRIANGULATION35
2.2.1SECONDARY AND PRIMARY RESEARCH36
2.2.2SECONDARY DATA36
2.2.2.1List of key secondary sources37
2.2.2.2Key data from secondary sources38
2.2.3PRIMARY DATA38
2.2.3.1Key data from primary sources39
2.2.3.2Breakdown of primaries39
2.3RESEARCH SCOPE40
2.4DEMAND-SIDE ANALYSIS41
2.4.1BOTTOM-UP APPROACH41
FIGURE 2MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH41
2.4.2TOP-DOWN APPROACH41
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH42
2.4.3DEMAND-SIDE ANALYSIS42
FIGURE 4PARAMETERS CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR RING MAIN UNITS42
2.4.3.1Demand-side analysis of ring main unit market43
2.4.3.2Key assumptions for calculating demand-side market size43
2.4.4SUPPLY-SIDE ANALYSIS44
FIGURE 5KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF RING MAIN UNITS44
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY SIDE ANALYSIS: ILLUSTRATION OF REVENUE ESTIMATIONS FOR COMPANY IN RING MAIN UNIT MARKET44
2.4.4.1Assumptions for calculating supply-side market size45
2.4.4.2Approach used to obtain market size using supply-side analysis45
FIGURE 7COMPANY REVENUE ANALYSIS, 202145
2.5RESEARCH ASSUMPTIONS46
2.5.1ASSUMPTIONS46
2.5.2LIMITATIONS47
2.6RISK ASSESSMENT47
3EXECUTIVE SUMMARY48
TABLE 1RING MAIN UNIT MARKET SNAPSHOT48
FIGURE 8ASIA PACIFIC TO REGISTER HIGHEST CAGR IN RING MAIN UNIT MARKET DURING 2022–202749
FIGURE 9GAS-INSULATED SEGMENT TO LEAD RING MAIN UNIT MARKET DURING FORECAST PERIOD50
FIGURE 10OUTDOOR SEGMENT TO LEAD RING MAIN UNIT MARKET DURING FORECAST PERIOD50
FIGURE 11UP TO 15 KV SEGMENT TO REGISTER HIGHEST CAGR IN RING MAIN UNIT MARKET DURING FORECAST PERIOD51
FIGURE 12NON-EXTENSIBLE SEGMENT TO CAPTURE LARGER SIZE OF RING MAIN UNIT MARKET DURING FORECAST PERIOD51
FIGURE 13DISTRIBUTION UTILITIES SEGMENT TO DOMINATE RING MAIN UNIT MARKET DURING FORECAST PERIOD52
4PREMIUM INSIGHTS53
4.1ATTRACTIVE OPPORTUNITIES FOR RING MAIN UNIT MARKET PLAYERS53
FIGURE 14SHIFT TOWARD RENEWABLE ENERGY SOURCES TO DRIVE RING MAIN UNIT MARKET53
4.2RING MAIN UNIT MARKET, BY REGION54
FIGURE 15ASIA PACIFIC MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD54
4.3ASIA PACIFIC: RING MAIN UNIT MARKET, BY APPLICATION AND COUNTRY54
FIGURE 16DISTRIBUTION UTILITIES AND CHINA WERE LARGEST SHAREHOLDERS OF RING MAIN UNIT MARKET IN ASIA PACIFIC IN 202154
4.4RING MAIN UNIT MARKET, BY INSULATION TYPE55
FIGURE 17GAS-INSULATED SEGMENT TO DOMINATE RING MAIN UNIT MARKET IN 202755
4.5RING MAIN UNIT MARKET, BY INSTALLATION55
FIGURE 18OUTDOOR SEGMENT TO ACCOUNT FOR LARGER SHARE OF RING MAIN UNIT MARKET IN 202755
4.6RING MAIN UNIT MARKET, BY VOLTAGE RATING56
FIGURE 19UP TO 15 KV SEGMENT TO CAPTURE LARGEST SHARE OF RING MAIN UNIT MARKET IN 202756
4.7RING MAIN UNIT MARKET, BY STRUCTURE56
FIGURE 20NON-EXTENSIBLE SEGMENT TO DOMINATE RING MAIN UNIT MARKET IN 202756
4.8RING MAIN UNIT MARKET, BY APPLICATION57
FIGURE 21DISTRIBUTION UTILITIES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF RING MAIN UNIT MARKET IN 202757
5MARKET OVERVIEW58
5.1INTRODUCTION58
5.2MARKET DYNAMICS58
FIGURE 22RING MAIN UNIT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES58
5.2.1DRIVERS59
5.2.1.1Rising focus on improving power distribution infrastructure to address energy demands59
5.2.1.2Increase in renewable energy-based capacity addition60
FIGURE 23INSTALLED RENEWABLE ENERGY CAPACITY, 2016–202160
5.2.2RESTRAINTS61
5.2.2.1Regulations restricting SF6 gas emissions61
TABLE 2GLOBAL WARMING POTENTIAL OF GREENHOUSE GASES (100-YEAR TIME HORIZON)61
5.2.2.2Reduced profit margins of utilities due to declining energy cost62
FIGURE 24COST FOR RENEWABLE POWER GENERATION (USD/KWH), 2010–202262
5.2.3OPPORTUNITIES63
5.2.3.1Emerging smart technologies and safer electrical equipment63
5.2.3.2Growing deployment of smart grids and digitalization63
5.2.4CHALLENGES64
5.2.4.1High competition from unorganized sector64
5.3TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS64
5.3.1REVENUE SHIFTS AND NEW REVENUE POCKETS FOR RING MAIN UNIT PROVIDERS64
FIGURE 25REVENUE SHIFTS FOR RING MAIN UNIT PROVIDERS65
5.4MARKET MAP65
FIGURE 26MARKET MAP: RING MAIN UNIT MARKET65
TABLE 3RING MAIN UNIT MARKET: ROLE IN ECOSYSTEM66
5.5AVERAGE SELLING PRICE TREND67
FIGURE 27AVERAGE SELLING PRICE OF PRODUCTS OFFERED KEY PLAYERS, BY VOLTAGE RATING68
TABLE 4AVERAGE SELLING PRICE OF PRODUCTS OFFERED BY KEY PLAYERS, BY VOLTAGE RATING (USD)68
5.6VALUE CHAIN ANALYSIS68
FIGURE 28VALUE CHAIN ANALYSIS: RING MAIN UNIT MARKET69
5.6.1RAW MATERIAL PROVIDERS/SUPPLIERS69
5.6.2COMPONENT MANUFACTURERS69
5.6.3RING MAIN UNIT MANUFACTURERS/ASSEMBLERS70
5.6.4DISTRIBUTORS (BUYERS)/END USERS70
5.6.5POST-SALES SERVICES70
5.7TECHNOLOGY ANALYSIS70
5.7.1SF6-FREE RING MAIN UNITS70
5.8KEY CONFERENCES & EVENTS, 2022–202471
TABLE 5RING MAIN UNIT MARKET: DETAILED LIST OF CONFERENCES & EVENTS71
5.9TARIFFS, CODES, AND REGULATIONS73
5.9.1TARIFFS RELATED TO RING MAIN UNITS73
TABLE 6IMPORT DATA FOR HS 8536 LOW-VOLTAGE PROTECTION EQUIPMENT, 201973
TABLE 7IMPORT DATA FOR HS 8535 HIGH-VOLTAGE PROTECTION EQUIPMENT, 201974
5.10TRADE ANALYSIS74
5.10.1TRADE ANALYSIS OF ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS FROM VOLTAGE EXCEEDING 1,000 VOLTS74
5.10.2IMPORT SCENARIO74
TABLE 8IMPORT SCENARIO FOR HS CODE: 853590, BY COUNTRY, 2019–2021 (USD)75
5.10.3EXPORT SCENARIO75
TABLE 9EXPORT SCENARIO FOR HS CODE: 853590, BY COUNTRY, 2019–2021 (USD)75
5.10.4TRADE ANALYSIS FOR ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS FOR VOLTAGE NOT EXCEEDING 1,000 VOLTS76
5.10.4.1Import scenario76
TABLE 10IMPORT SCENARIO FOR HS CODE: 853690, BY COUNTRY, 2019–2021 (USD)76
5.10.4.2Export scenario77
TABLE 11EXPORT SCENARIO FOR HS CODE: 853690, BY COUNTRY, 2019–2021 (USD)77
5.10.5REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS78
TABLE 12NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS78
TABLE 13EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS79
TABLE 14ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS80
TABLE 15REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS81
5.10.6CODES AND REGULATIONS RELATED TO RING MAIN UNITS81
TABLE 16RING MAIN UNITS: CODES AND REGULATIONS81
5.11INNOVATIONS AND PATENT REGISTRATIONS83
TABLE 17RING MAIN UNITS: INNOVATIONS AND PATENT REGISTRATIONS, MAY 2018–APRIL 202283
5.12PORTER’S FIVE FORCES ANALYSIS84
FIGURE 29PORTER’S FIVE FORCES ANALYSIS FOR RING MAIN UNIT MARKET84
TABLE 18RING MAIN UNIT MARKET: PORTER’S FIVE FORCES ANALYSIS85
5.12.1THREAT OF SUBSTITUTES85
5.12.2BARGAINING POWER OF SUPPLIERS85
5.12.3BARGAINING POWER OF BUYERS85
5.12.4THREAT OF NEW ENTRANTS86
5.12.5INTENSITY OF COMPETITIVE RIVALRY86
5.13KEY STAKEHOLDERS & BUYING CRITERIA86
5.13.1KEY STAKEHOLDERS IN BUYING PROCESS86
FIGURE 30INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS86
TABLE 19INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS87
5.13.2BUYING CRITERIA87
FIGURE 31INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS87
TABLE 20KEY BUYING CRITERIA FOR TOP THREE END USERS87
5.14CASE STUDY ANALYSIS88
5.14.1AEGIS 36 RING MAIN UNIT USED IN RENEWABLE PROJECT88
5.14.1.1Problem Statement: April 202288
5.14.1.2Solution88
5.14.2SÜC COBURG INCREASED POWER RELIABILITY WITH ABB’S SAFERING AIRPLUS RING MAIN UNITS88
5.14.2.1Problem statement: April 202288
5.14.2.2Solution88
6RING MAIN UNIT MARKET, BY INSULATION TYPE89
6.1INTRODUCTION90
FIGURE 32GAS-INSULATED SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 202190
TABLE 21RING MAIN UNIT MARKET, BY INSULATION TYPE, 2020–2027 (USD MILLION)90
6.2GAS-INSULATED90
6.2.1PROVIDES BETTER FUNCTIONALITY THAN OTHER TYPES90
TABLE 22GAS-INSULATED: RING MAIN UNIT MARKET, BY REGION, 2020–2027 (USD MILLION)91
6.3AIR-INSULATED91
6.3.1REQUIRES MORE SPACE THAN OTHER TYPES OF RING MAIN UNITS91
TABLE 23AIR-INSULATED: RING MAIN UNIT MARKET, BY REGION, 2020–2027 (USD MILLION)92
6.4OIL-INSULATED92
6.4.1SUITABLE FOR USE IN CORROSIVE AND HARSH ENVIRONMENTS92
TABLE 24OIL-INSULATED: RING MAIN UNIT MARKET, BY REGION, 2020–2027 (USD MILLION)92
6.5SOLID DIELECTRIC93
6.5.1OFFERS OPERATIONAL SAFETY WITH LOW CARBON EMISSIONS93
TABLE 25SOLID DIELECTRIC: RING MAIN UNIT MARKET, BY REGION, 2020–2027 (USD MILLION)93
7RING MAIN UNIT MARKET, BY VOLTAGE RATING94
7.1INTRODUCTION95
FIGURE 33UP TO 15 KV SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 202195
TABLE 26RING MAIN UNIT MARKET, BY VOLTAGE RATING, 2020–2027 (USD MILLION)95
7.2UP TO 15 KV96
7.2.1EXTENSIVELY USED IN COMMERCIAL ESTABLISHMENTS96
TABLE 27UP TO 15 KV: RING MAIN UNIT MARKET, BY REGION, 2020–2027 (USD MILLION)96
7.316–25 KV96
7.3.1SUITABLE FOR APPLICATIONS IN SMALL-SCALE INDUSTRIES96
TABLE 2816–25 KV: RING MAIN UNIT MARKET, BY REGION, 2020–2027 (USD MILLION)97
7.4ABOVE 25 KV97
7.4.1SUITABLE FOR APPLICATIONS IN LARGE-SCALE INDUSTRIES97
TABLE 29ABOVE 25 KV: RING MAIN UNIT MARKET, BY REGION, 2020–2027 (USD MILLION)97
8RING MAIN UNIT MARKET, BY STRUCTURE98
8.1INTRODUCTION99
FIGURE 34NON-EXTENSIBLE SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 202199
TABLE 30RING MAIN UNIT MARKET, BY STRUCTURE, 2020–2027 (USD MILLION)99
8.2NON-EXTENSIBLE99
8.2.1CAN BE EASILY COUPLED WITH DISTRIBUTION TRANSFORMERS99
TABLE 31NON-EXTENSIBLE: RING MAIN UNIT MARKET, BY REGION, 2020–2027 (USD MILLION)100
8.3EXTENSIBLE100
8.3.1ALLOWS FOR FUTURE UPGRADES100
TABLE 32EXTENSIBLE: RING MAIN UNIT MARKET, BY REGION, 2020–2027 (USD MILLION)100
9RING MAIN UNIT MARKET, BY APPLICATION101
9.1INTRODUCTION102
FIGURE 35DISTRIBUTION UTILITIES SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2021102
TABLE 33RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)102
9.2DISTRIBUTION UTILITIES103
9.2.1INCREASING T&D INVESTMENTS TO MEET GROWING POWER DEMAND TO DRIVE SEGMENT103
TABLE 34DISTRIBUTION UTILITIES: RING MAIN UNIT MARKET, BY REGION, 2020–2027 (USD MILLION)103
9.3INDUSTRIAL APPLICATION103
9.3.1ADVANTAGES SUCH AS UNINTERRUPTED POWER SUPPLY AND FAULT PROTECTION TO BOOST SEGMENT103
TABLE 35INDUSTRIAL APPLICATION: RING MAIN UNIT MARKET, BY REGION, 2020–2027 (USD MILLION)104
9.4TRANSPORTATION INFRASTRUCTURE104
9.4.1GROWING DEMAND FOR SMART DISTRIBUTION NETWORKS TO DRIVE SEGMENT104
TABLE 36TRANSPORTATION INFRASTRUCTURE: RING MAIN UNIT MARKET, BY REGION, 2020–2027 (USD MILLION)105
9.5COMMERCIAL BUILDINGS105
9.5.1NEED FOR UNINTERRUPTED POWER TO PROPEL ADOPTION OF RING MAIN UNITS IN COMMERCIAL BUILDINGS105
TABLE 37COMMERCIAL BUILDINGS: RING MAIN UNIT MARKET, BY REGION, 2020–2027 (USD MILLION)105
10RING MAIN UNIT MARKET, BY REGION106
10.1INTRODUCTION107
FIGURE 36REGIONAL SNAPSHOT: ASIA PACIFIC PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD107
FIGURE 37RING MAIN UNIT MARKET SHARE (VALUE), BY REGION, 2021107
TABLE 38RING MAIN UNIT MARKET, BY REGION, 2020–2027 (USD MILLION)108
TABLE 39RING MAIN UNIT MARKET, BY REGION, 2020–2027 (THOUSAND UNITS)108
10.2ASIA PACIFIC108
FIGURE 38ASIA PACIFIC: RING MAIN UNIT MARKET SNAPSHOT109
10.2.1BY INSULATION TYPE110
TABLE 40ASIA PACIFIC: RING MAIN UNIT MARKET, BY INSULATION TYPE, 2020–2027 (USD MILLION)110
10.2.2BY INSTALLATION110
TABLE 41ASIA PACIFIC: RING MAIN UNIT MARKET, BY INSTALLATION, 2020–2027 (USD MILLION)110
10.2.3BY VOLTAGE RATING110
TABLE 42ASIA PACIFIC: RING MAIN UNIT MARKET, BY VOLTAGE RATING, 2020–2027 (USD MILLION)110
10.2.4BY STRUCTURE111
TABLE 43ASIA PACIFIC: RING MAIN UNIT MARKET, BY STRUCTURE, 2020–2027 (USD MILLION)111
10.2.5BY APPLICATION111
TABLE 44ASIA PACIFIC: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)111
10.2.6BY COUNTRY111
TABLE 45ASIA PACIFIC: RING MAIN UNIT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)111
10.2.6.1China112
10.2.6.1.1Increasing investments in clean power generation to support market growth112
TABLE 46CHINA: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)112
10.2.6.2India113
10.2.6.2.1Rising electrification initiatives in remote parts of India to favor market113
TABLE 47INDIA: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)113
10.2.6.3Japan114
10.2.6.3.1Upgrades to aging power infrastructure to generate demand for ring main units114
TABLE 48JAPAN: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)114
10.2.6.4Malaysia114
10.2.6.4.1Efforts to reduce CO2 emissions by diversifying electricity fuel mix to drive market114
TABLE 49MALAYSIA: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)115
10.2.6.5South Korea115
10.2.6.5.1Government initiatives toward cleaner power generation to augment market growth115
TABLE 50SOUTH KOREA: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)115
10.2.6.6Rest of Asia Pacific116
TABLE 51REST OF ASIA PACIFIC: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)116
10.3EUROPE116
FIGURE 39EUROPE: RING MAIN UNIT MARKET SNAPSHOT117
10.3.1BY INSULATION TYPE117
TABLE 52EUROPE: RING MAIN UNIT MARKET, BY INSULATION TYPE, 2020–2027 (USD MILLION)117
10.3.2BY INSTALLATION118
TABLE 53EUROPE: RING MAIN UNIT MARKET, BY INSTALLATION, 2020–2027 (USD MILLION)118
10.3.3BY VOLTAGE RATING118
TABLE 54EUROPE: RING MAIN UNIT MARKET, BY VOLTAGE, 2020–2027 (USD MILLION)118
10.3.4BY STRUCTURE118
TABLE 55EUROPE: RING MAIN UNIT MARKET, BY STRUCTURE, 2020–2027 (USD MILLION)118
10.3.5BY APPLICATION119
TABLE 56EUROPE: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)119
10.3.6BY COUNTRY119
TABLE 57EUROPE: RING MAIN UNIT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)119
10.3.6.1Germany119
10.3.6.1.1Increasing focus on energy efficiency and grid expansion to drive market119
TABLE 58GERMANY: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)120
10.3.6.2France120
10.3.6.2.1Investments in renewable energy generation to support market growth120
TABLE 59FRANCE: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)120
10.3.6.3UK121
10.3.6.3.1Integration of renewables in electricity mix to boost market121
TABLE 60UK: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)121
10.3.6.4Rest of Europe121
TABLE 61REST OF EUROPE: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)122
10.4NORTH AMERICA122
FIGURE 40NORTH AMERICA: RING MAIN UNIT MARKET SNAPSHOT123
10.4.1BY INSULATION TYPE123
TABLE 62NORTH AMERICA: RING MAIN UNIT MARKET, BY INSULATION TYPE, 2020–2027 (USD MILLION)123
10.4.2BY INSTALLATION124
TABLE 63NORTH AMERICA: RING MAIN UNIT MARKET, BY INSTALLATION, 2020–2027 (USD MILLION)124
10.4.3BY VOLTAGE RATING124
TABLE 64NORTH AMERICA: RING MAIN UNIT MARKET, BY VOLTAGE, 2020–2027 (USD MILLION)124
10.4.4BY STRUCTURE124
TABLE 65NORTH AMERICA: RING MAIN UNIT MARKET, BY STRUCTURE, 2020–2027 (USD MILLION)124
10.4.5BY APPLICATION125
TABLE 66NORTH AMERICA: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)125
10.4.6BY COUNTRY125
TABLE 67NORTH AMERICA: RING MAIN UNIT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)125
10.4.6.1US125
10.4.6.1.1Renewable energy development plans to generate demand for ring main units125
TABLE 68US: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)126
10.4.6.2Canada126
10.4.6.2.1Increasing investments in wind energy to foster market growth126
TABLE 69CANADA: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)126
10.4.6.3Mexico127
10.4.6.3.1Focus on renewable power generation to strengthen market127
TABLE 70MEXICO: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)127
10.5MIDDLE EAST AND AFRICA127
10.5.1BY INSULATION TYPE128
TABLE 71MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY INSULATION TYPE, 2020–2027 (USD MILLION)128
10.5.2BY INSTALLATION128
TABLE 72MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY INSTALLATION, 2020–2027 (USD MILLION)128
10.5.3BY VOLTAGE RATING128
TABLE 73MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY VOLTAGE, 2020–2027 (USD MILLION)128
10.5.4BY STRUCTURE129
TABLE 74MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY STRUCTURE, 2020–2027 (USD MILLION)129
10.5.5BY APPLICATION129
TABLE 75MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)129
10.5.6BY COUNTRY130
TABLE 76MIDDLE EAST & AFRICA: SWITCHGEAR MARKET, BY COUNTRY, 2020–2027 (USD MILLION)130
10.5.6.1Saudi Arabia130
10.5.6.1.1Investment in power projects to drive market130
TABLE 77SAUDI ARABIA: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)131
10.5.6.2UAE131
10.5.6.2.1Rapid economic development and growing demand for power to fuel market growth131
TABLE 78UAE: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)131
10.5.6.3Kuwait132
10.5.6.3.1Rise in demand for electricity to push market132
TABLE 79KUWAIT: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)132
10.5.6.4Qatar132
10.5.6.4.1Inflow of investments in renewable sector to foster market growth132
TABLE 80QATAR: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)133
10.5.6.5South Africa133
10.5.6.5.1Increasing electricity demand and investments in the power sector to accelerate market133
TABLE 81SOUTH AFRICA: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)133
10.5.6.6Egypt134
10.5.6.6.1Replacement of power generation infrastructure likely to propel demand for ring main units134
TABLE 82EGYPT: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)134
10.5.6.7Rest of the Middle East and Africa134
TABLE 83REST OF MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)135
10.6SOUTH AMERICA135
10.6.1BY INSULATION TYPE135
TABLE 84SOUTH AMERICA: RING MAIN UNIT MARKET, BY INSULATION TYPE, 2020–2027 (USD MILLION)135
10.6.2BY INSTALLATION136
TABLE 85SOUTH AMERICA: RING MAIN UNIT MARKET, BY INSTALLATION, 2020–2027 (USD MILLION)136
10.6.3BY VOLTAGE RATING136
TABLE 86SOUTH AMERICA: RING MAIN UNIT MARKET, BY VOLTAGE, 2020–2027 (USD MILLION)136
10.6.4BY STRUCTURE136
TABLE 87SOUTH AMERICA: RING MAIN UNIT MARKET, BY STRUCTURE, 2020–2027 (USD MILLION)136
10.6.5BY APPLICATION137
TABLE 88SOUTH AMERICA: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)137
10.6.6BY COUNTRY137
TABLE 89SOUTH AMERICA: RING MAIN UNIT MARKET, BY COUNTRY, 2020–2027 (USD MILLION)137
10.6.6.1Brazil137
10.6.6.1.1Modernization of existing power infrastructure to induce demand for ring main units137
TABLE 90BRAZIL: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)138
10.6.6.2Argentina138
10.6.6.2.1Increasing renewable energy capacity addition to lead to market expansion138
TABLE 91ARGENTINA: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)138
10.6.6.3Rest of South America138
TABLE 92REST OF SOUTH AMERICA: RING MAIN UNIT MARKET, BY APPLICATION, 2020–2027 (USD MILLION)139
11COMPETITIVE LANDSCAPE140
11.1STRATEGIES ADOPTED BY KEY PLAYERS140
TABLE 93OVERVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS OF RING MAIN UNITS140
11.2MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2021141
FIGURE 41MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS IN RING MAIN UNIT MARKET, 2021141
TABLE 94RING MAIN UNIT MARKET: DEGREE OF COMPETITION141
FIGURE 42RING MAIN UNIT MARKET SHARE ANALYSIS, 2021142
11.3FIVE-YEAR COMPANY REVENUE ANALYSIS142
FIGURE 43REVENUE ANALYSIS OF TOP FIVE PLAYERS IN RING MAIN UNIT MARKET FROM 2017 TO 2021143
11.4COMPANY EVALUATION QUADRANT144
11.4.1STARS144
11.4.2PERVASIVE PLAYERS144
11.4.3EMERGING LEADERS144
11.4.4PARTICIPANTS144
FIGURE 44RING MAIN UNIT MARKET (GLOBAL) KEY COMPANY EVALUATION QUADRANT, 2021145
11.5START-UP/SME EVALUATION QUADRANT146
11.5.1PROGRESSIVE COMPANIES146
11.5.2RESPONSIVE COMPANIES146
11.5.3DYNAMIC COMPANIES146
11.5.4STARTING BLOCKS146
FIGURE 45RING MAIN UNIT MARKET: START-UP/SME EVALUATION QUADRANT, 2021147
11.6COMPETITIVE BENCHMARKING148
TABLE 95RING MAIN UNIT MARKET: DETAILED LIST OF KEY START-UPS/SMES148
TABLE 96RING MAIN UNIT MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES148
11.7RING MAIN UNIT MARKET: COMPANY FOOTPRINT150
TABLE 97INSULATION TYPE: COMPANY FOOTPRINT150
TABLE 98STRUCTURE: COMPANY FOOTPRINT151
TABLE 99BY APPLICATION: COMPANY FOOTPRINT152
TABLE 100REGION: COMPANY FOOTPRINT153
TABLE 101COMPANY FOOTPRINT154
11.8COMPETITIVE SCENARIO155
TABLE 102RING MAIN UNIT MARKET: PRODUCT LAUNCHES, JUNE 2018–APRIL 2021155
TABLE 103RING MAIN UNIT MARKET: DEALS, APRIL 2019– JUNE 2022155
TABLE 104RING MAIN UNIT MARKET: OTHERS, DECEMBER 2018– MAY 2022156
12COMPANY PROFILES157
12.1KEY PLAYERS157
12.1.1ABB LTD.157
12.1.1.1Business overview157
TABLE 105ABB LIMITED: BUSINESS OVERVIEW157
FIGURE 46ABB LTD: COMPANY SNAPSHOT158
12.1.1.2Products/Services/Solutions offered158
TABLE 106ABB LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED158
12.1.1.3Recent developments159
12.1.1.3.1Product launches159
TABLE 107ABB LTD: PRODUCT LAUNCHES159
12.1.1.3.2Others160
TABLE 108ABB LTD: OTHERS160
12.1.1.4MnM view160
12.1.1.4.1Key strategies/Right to win160
12.1.1.4.2Strategic choices made160
12.1.1.4.3Weaknesses/Competitive threats160
12.1.2SIEMENS161
12.1.2.1Business overview161
TABLE 109SIEMENS: BUSINESS OVERVIEW161
FIGURE 47SIEMENS: COMPANY SNAPSHOT162
12.1.2.2Products/Services/Solutions offered162
TABLE 110SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED162
12.1.2.3Recent developments163
12.1.2.3.1Product launches163
TABLE 111SIEMENS: PRODUCT LAUNCHES163
12.1.2.3.2Deals163
TABLE 112SIEMENS: DEALS163
12.1.2.4MnM view163
12.1.2.4.1Key strategies/Right to win163
12.1.2.4.2Strategic choices made164
12.1.2.4.3Weaknesses/Competitive threats164
12.1.3EATON165
12.1.3.1Business overview165
TABLE 113EATON: BUSINESS OVERVIEW165
FIGURE 48EATON: COMPANY SNAPSHOT166
12.1.3.2Products/Services/Solutions offered166
TABLE 114EATON: PRODUCTS/SERVICES/SOLUTIONS OFFERED166
12.1.3.3Recent developments167
12.1.3.3.1Deals167
TABLE 115EATON: DEALS167
12.1.3.4MnM view168
12.1.3.4.1Key strategies/Right to win168
12.1.3.4.2Strategic choices made168
12.1.3.4.3Weaknesses/Competitive threats168
12.1.4SCHNEIDER ELECTRIC169
12.1.4.1Business overview169
TABLE 116SCHNEIDER ELECTRIC: BUSINESS OVERVIEW169
FIGURE 49SCHNEIDER ELECTRIC: COMPANY SNAPSHOT170
12.1.4.2Products/Services/Solutions offered170
TABLE 117SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED170
12.1.4.3Recent developments171
12.1.4.3.1Deals171
TABLE 118SCHNEIDER ELECTRIC: DEALS171
12.1.4.3.2Others172
TABLE 119SCHNEIDER ELECTRIC: OTHERS172
12.1.4.4MnM view172
12.1.4.4.1Key strategies/Right to win172
12.1.4.4.2Strategic choices made172
12.1.4.4.3Weaknesses/Competitive threats172
12.1.5LS ELECTRIC CO., LTD173
12.1.5.1Business overview173
TABLE 120LS ELECTRIC CO., LTD: BUSINESS OVERVIEW173
FIGURE 50LS ELECTRIC CO., LTD: COMPANY SNAPSHOT173
12.1.5.2Products/Services/Solutions offered174
TABLE 121LS ELECTRIC CO., LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED174
12.1.5.3Recent developments174
12.1.5.3.1Product launches174
TABLE 122LS ELECTRIC CO., LTD: PRODUCT LAUNCHES174
12.1.5.4MnM view174
12.1.5.4.1Key strategies/Right to win174
12.1.5.4.2Strategic choices made174
12.1.5.4.3Weaknesses/Competitive threats175
12.1.6LUCY ELECTRIC176
12.1.6.1Business overview176
TABLE 123LUCY ELECTRIC: BUSINESS OVERVIEW176
12.1.6.2Products/Services/Solutions offered176
TABLE 124LUCY ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED176
12.1.7C&S ELECTRIC LIMITED177
12.1.7.1Business overview177
TABLE 125C&S ELECTRIC LIMITED: BUSINESS OVERVIEW177
12.1.7.2Products/Services/Solutions offered177
TABLE 126C&S ELECTRIC LIMITED: PRODUCTS/SERVICES/SOLUTIONS OFFERED177
12.1.8TIEPCO178
12.1.8.1Business overview178
TABLE 127TIEPCO: BUSINESS OVERVIEW178
12.1.8.2Products/Services/Solutions offered178
TABLE 128TIEPCO: PRODUCTS/SERVICES/SOLUTIONS OFFERED178
12.1.9ENTEC ELECTRIC & ELECTRONIC179
12.1.9.1Business overview179
TABLE 129ENTEC ELECTRIC & ELECTRONIC: BUSINESS OVERVIEW179
12.1.9.2Products/Services/Solutions offered179
TABLE 130ENTEC ELECTRIC & ELECTRONIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED179
12.1.10ORECCO180
12.1.10.1Business overview180
TABLE 131ORECCO: BUSINESS OVERVIEW180
12.1.10.2Products/Services/Solutions offered180
TABLE 132ORECCO: PRODUCTS/SERVICES/SOLUTIONS OFFERED180
12.1.11ORMAZABAL181
12.1.11.1Business overview181
TABLE 133ORMAZABAL: BUSINESS OVERVIEW181
12.1.11.2Products/Services/Solutions offered181
TABLE 134ORMAZABAL: PRODUCTS/SERVICES/SOLUTIONS OFFERED181
12.1.11.3Recent developments182
12.1.11.3.1Deals182
TABLE 135ORMAZABAL: DEALS182
12.1.12NATUS GMBH & CO. KG183
12.1.12.1Business overview183
TABLE 136NATUS GMBH & CO. KG: BUSINESS OVERVIEW183
12.1.12.2Products/Services/Solutions offered183
TABLE 137NATUS GMBH & CO. KG: PRODUCTS/SERVICES/SOLUTIONS OFFERED183
12.1.12.3Recent developments183
12.1.12.3.1Product launches183
TABLE 138NATUS GMBH & CO. KG: PRODUCT LAUNCHES183
12.1.13ALFANAR184
12.1.13.1Business overview184
TABLE 139ALFANAR: BUSINESS OVERVIEW184
12.1.13.2Products/Services/Solutions offered184
TABLE 140ALFANAR: PRODUCTS/SERVICES/SOLUTIONS OFFERED184
12.1.13.3Recent developments185
12.1.13.3.1Product launches185
TABLE 141ALFANAR: PRODUCT LAUNCHES185
12.1.14WENZHOU ROCKWILL ELECTRIC CO., LTD186
12.1.14.1Business overview186
TABLE 142WENZHOU ROCKWILL ELECTRIC CO., LTD: BUSINESS OVERVIEW186
12.1.14.2Products/Services/Solutions offered186
TABLE 143WENZHOU ROCKWILL ELECTRIC CO., LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED186
12.1.15KONCAR–ELECTRIC INDUSTRY INC187
12.1.15.1Business overview187
TABLE 144KONCAR – ELECTRIC INDUSTRY INC: BUSINESS OVERVIEW187
FIGURE 51KONCAR – ELECTRIC INDUSTRY INC: COMPANY SNAPSHOT188
12.1.15.2Products/Services/Solutions offered188
TABLE 145KONCAR – ELECTRIC INDUSTRY INC: PRODUCTS/SERVICES/SOLUTIONS OFFERED188
12.2OTHER PLAYERS189
12.2.1YUEQING LIYOND ELECTRIC CO., LTD189
12.2.2CHINA TRANSPOWERS ELECTRIC CO., LTD189
12.2.3INDKOM ENGINEERING SDN. BHD.190
12.2.4SWATI SWITCHGEARS (INDIA) PVT. LTD.190
12.2.5BVM TECHNOLOGIES PVT. LTD.191
13APPENDIX192
13.1INSIGHTS FROM INDUSTRY EXPERTS192
13.2DISCUSSION GUIDE193
13.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL197
13.4CUSTOMIZATION OPTIONS199
13.5RELATED REPORTS199
13.6AUTHOR DETAILS200