Ring Main Unit Market (RMU) 2020 Forecasts Show 8.23% CAGR Driven by Distribution Utilities Segment
PUNE, India, February 4, 2016 /PRNewswire/ --
The ring main unit (RMU) market is expected to reach USD 2.03 billion by 2020, at a CAGR of 8.23% from 2015 to 2020 with distribution utilities segment being the largest market, by application and geographically, Asia-Pacific is expected to have the largest market share and the highest growth rate during the forecast period.
Complete report on global ring main unit (RMU) market spread across 142 pages, profiling 12 companies and supported with 89 tables and 51 figures is now available at http://www.reportsnreports.com/reports/467994-ring-main-unit-market-by-type-gas-insulated-air-insulated-oil-insulated-solid-dielectric-insulated-by-application-distribution-utilities-industries-and-infrastructure-transportation-by-region-global-trends-forecasts-to-2020.html .
Modernization of existing power infrastructure and capacity addition & enhancement plans for distribution networks have been boosting the demand for ring main units (RMU). In addition, end-use industries are deploying ring main units (RMU) in secondary distribution networks for uninterrupted power supply.
The distribution utilities segment is the largest application market. Ring main units (RMU) are extensively used by companies for secondary distribution networks and to protect their critical instruments. Moreover, this segment is expected to exhibit the highest CAGR from 2015 to 2020. The usage of ring main units for integrated distributed generation with the central grid is likely to drive the distribution utilities market.
Asia-Pacific is expected to have the largest market share and the highest growth rate during the forecast period. The region is expected to have extensive deployment of ring main units (RMU), and is one of the key markets for ring main unit manufacturers and suppliers. The Southeast Asian countries, such as Vietnam and Malaysia, are driving the market in the region. Meanwhile, rural electrification and smart cities are the key growth drivers of the Indian ring main unit (RMU) market.
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 & verify critical qualitative and quantitative information as well as assess future market prospects. In Tier 1 (55%), Tier 2 (20%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (75%) and Manager Level (25%) from various key organizations operating in the ring main unit (RMU) market. The primary interviews were conducted worldwide covering regions such as Asia-Pacific (40%), Europe (20%), North America (10%) and Row (30%).
Solid dielectric ring main unit (RMU) is one of the emerging types of ring main unit (RMU) because of its environment-friendly usage, sustainability approach, and operational safety. This segment is expected to grow at the highest CAGR during the forecast period. This ring main unit (RMU) is the best solution for operators looking for low carbon solutions. Asia-Pacific is a potential market for solid dielectric insulated ring main units (RMU).
Leading players of this industry have been profiled with their recent developments and other strategic activities. These include ABB Ltd., Eaton Corporation Plc., General Electric Company, Schneider Electric SE, Siemens AG, Entec Electric & Electronic Co. Ltd., Larsen & Toubro, LSIS, Lucy Electric, Ormazabal, Tiepco, Yashmun Engineers Ltd. Order a copy of Ring Main Unit (RMU) Market by Type (Gas Insulated, Air Insulated, Oil Insulated, & Solid Dielectric Insulated), by Application (Distribution Utilities, Industries, and Infrastructure & Transportation), & by Region - Global Trends & Forecasts to 2020 research report at http://www.reportsnreports.com/purchase.aspx?name=467994 .
The report offers market estimations and projections till 2020, and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
On a related note, another research about Distributed Control System Market Global Forecast to 2020 says, the global Distributed Control System (DCS) market is expected to reach USD 19.82 Billion by 2020, at a CAGR of 4.91% from 2015 to 2020. Continuous process segment is the largest market, by application. Asia-Pacific is expected to have the largest market share and the highest growth rate during the forecast period. Companies like Siemens AG, Honeywell International Inc., Yokogawa Electric Corporation, Emerson Electric Co., Schneider Electric SE, Rockwell Automation, General Electric Company, Metso Corporation, Azbil Corporation, NovaTech Process Solutions LLC, Toshiba International Corporation Pty Ltd. have been profiled in this 160 pages research report available at http://www.reportsnreports.com/reports/460650-distributed-control-system-market-dcs-by-industry-oil-gas-chemicals-power-generation-metals-mining-pharmaceutical-paper-pulp-food-beverage-by-component-hardware-software-services-by-application-and-by-region-global-forecast-to-2020.html .
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