123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Opportunity For Ring Main Unit Market To Reach $2.45 Billion By 2022

By Author: Akshay
Total Articles: 138

The global ring main unit market is projected to grow at a CAGR of 8.35% from 2017 to 2022. In 2016, Asia-Pacific was estimated to be the largest market for ring main unit, followed by Europe and North America. This trend is expected to continue till 2022. The growth of the ring main unit market is driven by modernization of existing power infrastructure and smart distribution networks.
The ring main unit market is dominated by a few global players which includes ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation PLC (Ireland), Siemens AG (Germany), and General Electric Company (U.S.).
Get Sample Copy of Report@ https://www.marketsandmarkets.com/requestsample.asp?id=51228954
Major strategies adopted by players in the ring main unit market include contracts & agreements, expansions, new product developments, and mergers & acquisitions. Contracts & agreements were the most commonly adopted strategy from 2013 to 2017 and accounted for more than 58.1% of the total market share. Industry players also adopted expansions, which was the second most widely followed strategy from 2013 to 2017.
ABB, Ltd. is a technological leader in electrical products, which caters to a wide range of industries such as transmission, distribution, renewable generation, utilities, industry, marine, and oil & gas among others. It conducts its business through four segments, namely, power grids, industrial automation, robotics & motion, and electrification products.
The report segments the ring main unit market on the basis of application into distribution utilities, industries, and infrastructure & transportation. The distribution utilities sub-segment accounted for the largest market share in 2016. This segment is also expected to witness the highest CAGR during the forecast period, due to increasing investments in the power sector in Asia-Pacific to augment generation capacities to meet the growing power demand in the region.
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownload.asp?id=51228954
Eaton is a diversified power management company that is driven by five business groups, namely, electrical products, electrical systems & services, hydraulics, aerospace, and vehicle segments. The company provides ring main units under its medium voltage switchgear segment of its electrical products and electrical systems & services division. 
Key questions

Which key players have strong advantage on price? Who are the key contenders in the unorganized market?
Which are the new opportunity areas and what are the best sales channels to gain a quick entry?
Which industry segments have simpler buying process, and which vertical are switching their existing switching solutions to RMUs?

About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

Total Views: 8Word Count: 499See All articles From Author

Business Articles

1. Drilling Tile Without Breakages Or Damages
Author: Unknown Member

2. Porcelainplus Twist Drill Bit
Author: Unknown Member

3. Porcelainplus Drill Bits For Glass
Author: Unknown Member

4. Porcelainplus Step Drill Bits
Author: Unknown Member

5. Global Construction Composite Market – A Brief Analysis
Author: Aarkstore Enterprises

6. Construction Equipment Market In India
Author: Aarkstore Enterprises

7. A New Apple’s Colourful Iphone Xr Release A Date And Price Announced
Author: Manoj Varma

8. Inbound Marketing Strategies To Grow Your Business: Iii
Author: Surabhi Joshi

9. African Coffee Brands, Indian Filter Coffee And Chicory Coffee By Nick Of Time
Author: Nick of Time

10. Shop Online Fashion & Precious Jewellery
Author: Shop Online Fashion & Precious Jewellery

11. The Indian Air Care Market Expects A Cagr Of ~20.7% By 2023
Author: Bella Harris

12. An Iphone Se 2 May Not Be Coming Then The Apple Have Something Even Better
Author: Manoj Varma

13. We Buy Any Bike |want To Sell Your Bike! - Motorbikebuyer Webuyanybike
Author: Anum

14. Choose & Purchase The Most Adorable Akc Saint Bernard Puppies
Author: luize martten

15. Digital Signage Solutions In India
Author: Rahul Mishra

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: