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According to the new market research report "Ring Main Unit Market by Type (Gas, Air, Oil, and Solid Dielectric), Installation (Outdoor, and Indoor), Application (Distribution Utilities, Industries, and Infrastructure & Transportation), Voltage Rating, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Ring Main Unit Market is expected to reach USD 2.5 billion by 2025 from an estimated value of USD 1.6 billion in 2020, at a CAGR of 9.3%. Capacity additions, increasing electricity demand, and industrialization projects in countries such as China, Japan, India, and South Korea are the main reasons spurring the growth of the Ring Main Unit Market. In India, factors such as rural electrification, adoption of smart grids, and substation automation projects are increasing the demand for ring main units. Due to the COVID-19 outbreak, the US has a negative growth rate of -2.45% in the manufacturing sector compared to -3.25% of China. India, Japan, and Europe registered a negative growth of -3.98%, 2.77%, and -2.89%, respectively, in their manufacturing sectors.
The distribution utilities segment is expected to be the largest Ring Main Unit Market, by application, during the forecast period
Increasing investments in power distribution networks due do the rise in urbanization in developing countries, along with the space constraints in densely populated areas, are expected to drive the market for ring main units in the distribution utilities segment. Global distribution utilities are facing various challenges such as aging workforce that cannot be replaced because of lack of skilled workforce. Also, COVID-19 has further exacerbated the situation because manual intervention in the field is still required. Because of the lockdown situation, utilities are at a standstill, which has led to losses for companies. This has had a negative impact on the Ring Main Unit Market.
Browse in-depth TOC on "Ring Main Unit Market" 110 – Tables 57 – Figures 169 – Pages
The outdoor segment is projected to account for a significant share of the ring main unit during the forecast period
The outdoor ring main unit segment is likely to dominate during the forecast period. Growing power consumption, ultimately leading to the expansion and upgradation of power grid, and increasing solar and wind energy installed capacity are expected to boost the demand for outdoor ring main units. COVID-19 has negatively impacted the power industry globally during the past two months. The demand curve for electricity has taken up new shapes, mainly in those countries where the impact of coronavirus is high. The decreasing demand for electricity is caused by lockdowns across countries to mitigate the spread of the virus. This will have a negative impact on the growth of the outdoor Ring Main Unit Market for a considerable period of time.
The gas insulated segment is projected to account for the largest share during the forecast period
The gas insulated segment is predicted to dominate the Ring Main Unit Market based on application. Growing demand from countries such as India, Japan, and China is the driving factor for the gas insulated Ring Main Unit Market. However, due to COVID-19, the market size for the gas insulated segment fell in 2020. Gas insulated ring main units require SF6 gas, and manufacturers of gas insulated ring main units are finding it hard to procure SF6 gas due to the ongoing lockdown restrictions.
Asia Pacific is projected to dominate the global Ring Main Unit Market during the forecast period
In this report, the Ring Main Unit Market has been analyzed concerning six regions, namely, Asia Pacific, North America, Europe, South America, Middle East, and Africa. Asia Pacific is expected to lead the market during the forecast period. Urbanization and industrialization, along with increasing rural electrification and electricity consumption in China, Japan, and India, are likely to drive the Ring Main Unit Market in the region.
To offer an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players such as ABB (Switzerland), Schneider Elecctric (France), Eaton (Ireland), Lucy Electric (UK), Larsen & Toubro (India), Siemens (Germany), C&S Electric (India), LS Electric (South Korea), Ormazabal (Spain), TIEPCO (Saudi Arabia), and ENTEC Electric & Electronic (South Korea).
Browse Related Reports: Microgrid Control System Market by Grid- Type (On-Grid and Off-grid), Component (Hardware and Software), Ownership (Private and Public), End-User (Utilities, Campuses and institutions, Commercial, and Industrial), and Region - Global Forecast to 2023
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.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" 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. Aashish Mehra|MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: newlettter@marketsandmarkets.com
The report "Transmission Sales Market by Type (Reciprocating, Rotary, Centrifugal, Axial Flow), Application (Artificial lift, Gas Processing Station, LNG & FPS, Storage & Facilities), Compression Media, End Users, and Region - Global Forecasts to 2024" The transmission sales market is expected to grow from an estimated market size of USD 15.2 billion in 2019 to USD 18.7 billion by 2024, registering a CAGR of 4.2% from 2019 to 2024. The transmission sales market is witnessing significant growth, which is driven by the growing shale gas production activities. Transmission Sales MarketBrowse 70 market data Tables and 45 Figures spread through 135 Pages and in-depth TOC on "Transmission Sales Market - Global Forecasts to 2024"
Based on type, the reciprocating segment is expected to hold the largest share of the market
The reciprocating segment is expected to dominate the transmission sales market during the forecast period. Applications of a reciprocating compressor include oil refineries, gas pipelines, chemical plants, natural gas processing plants, and refrigeration plants. These compressors are used in the oil & gas industry for compressing the gas for the main transmission through gas pipelines. This has helped the reciprocating segment to acquire the largest share in the transmission sales market.
This research report categorizes the transmission sales market by type, compression media, application, end-user, and region
On the basis of type, the transmission sales market has been segmented as follows:
Reciprocating
Rotary
Centrifugal
Axial Flow
On the basis of application, the transmission sales market has been segmented as follows:
Artificial Lift
Gas Processing Station
LNG & FPS
Storage & Facilities
Others
On the basis of end-user, the transmission sales market has been segmented as follows:
Oil & Gas
Power Generation
Water & Wastewater Management
Others
On the basis of compression media, the transmission sales market has been segmented as follows:
Air Compressor
Gas Compressor
On the basis of region, the transmission sales market has been segmented as follows:
Power generation is expected to be the fastest segment of the transmission sales market during the forecast period
The transmission sales market in this report has been classified based on end-user into oil & gas, power generation, water & wastewater management, and others. Power generation plants require compressors for gas turbine power plants, ash conveying, and fly ash handling, ensuring highest efficiency and operating reliability. The rising demand for power is triggering the need for additional power generation. This, coupled with the need to replace and modernize existing power plants, has resulted in the extensive use of gas turbine power plants. Compressors are used to maintain pipeline pressure in the power generation sector. Moreover, retrofit and modernization projects in Europe and North America are likely to boost the power plant segment of the transmission sales market.
Europe: the leading transmission sales market
In this report, the transmission sales market has been analyzed with respect to 5 regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe is expected to lead the Transmission sales market during the forecast period. The market in Europe is driven by the growth of the industrial sector and competitive growth in Eastern and Central Europe. This growth is influenced by increasing privatization and low-cost base. Compressors are used in manufacturing and processing sectors, which represent a major advancement in the adoption of newer technologies by customers. Its distinguishing features include high-quality compressed air, low energy consumption, reduced noise levels, and ease of maintenance. The major end-users driving the transmission sales market in the region are power generation, oil & gas, and water & wastewater management.
The report includes the profiles of some of the top players in the transmission sales market to enable an in-depth understanding of the competitive landscape. The key players in the transmission sales market include Caterpillar, Inc. (US), GE (US), Siemens (Germany), Gazprom (Russia), and Cummins (US). The leading players are adopting various strategies to increase their share in the transmission sales market.
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.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 newsletter@marketsandmarkets.com
The report "DC Circuit Breaker Market by Voltage (Medium Voltage and High Voltage), Type (Solid-State and Hybrid), Insulation (Vacuum and Gas), End-User (T&D utilities, Power generation, Renewables, and Railways) and Region - Global Forecast to 2024" The DC circuit breaker market is expected to grow from an estimated USD 2.3 billion in 2019 to USD 3.2 billion by 2024, at a CAGR of 6.54%. Increasing investments in the electrical networks, increasing demand for reliable and secure power supply worldwide, and growing adoption of renewable energy sources across the globe are likely to drive the DC circuit breaker market. Aging Power Infrastructure, rising electrification projects and adoption of the HVDC technology, can lead to opportunities in the DC circuit breaker market. Browse 67 market data Tables and 33 Figures spread through 151 Pages and in-depth TOC on "DC Circuit Breaker Market - Global Forecast to 2024 "
The medium voltage segment is expected to hold the largest share of theDC circuit breaker market, by voltage, during the forecast period.
The medium segment led the DC circuit breaker market in 2019 and is projected to have the largest market share during the forecast period. This growth can be attributed mainly to the growing demand to attain reliable and sustainable power supply mostly in rural areas of the Asia Pacific and the Middle East & Africa region. Increasing investments in aging electrical infrastructure in transmission and distribution networks and the rising need to protect electrical circuit equipment further drives the medium voltage DC circuit breaker market.
This research report categorizes the market based on voltage, type, insulation, and region.
On the basis of voltage, the DC Circuit Breaker market has been segmented as follows:
Medium voltage
High voltage
On the basis of type, the DC Circuit Breaker market has been segmented as follows:
Solid-State
Hybrid
On the basis of insulation, the DC Circuit Breaker market has been segmented as follows:
Vacuum
Gas
On the basis of end-user, the DC Circuit Breaker market has been segmented as follows:<
Transmission & Distribution utilities
Power Generation
Renewables
Railways
On the basis of region, the DC Circuit Breaker market has been segmented as follows:
Asia Pacific
Europe
North America
Middle East & Africa
South America
By insulation, the vacuum segment led the DC circuit breaker market, during the forecast period.
The vacuum segment led the DC circuit breaker market in 2019. High insulating strength, suitability for repeated operations, & low maintenance cost are expected to drive the vacuum DC circuit breaker market. Also, rising investments in electrification projects, in which vacuum technologies are highly deployed encourages players to invest in the DC circuit breaker. They are mainly used in medium voltage ranging from 11 kV to 33 kV. They have a long mechanical service life. They are fast in operation; hence are ideal for fault clearing. Further, they are also safe as they do not explode, have a noiseless operation, are eco-friendly, and have a very minimal maintenance cost. They mainly find application in switchgears, transformers, power conditioning systems, switching devices, and transformers.
Asia Pacific: The leading market for DC circuit breaker market
In this report, the DC circuit breaker market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific led the global DC circuit breaker market in 2018. The high growth rate in the Asia Pacific region can be attributed to increased investments in the electric grid development and growing reliance on renewable sources of power generation. China and India are the largest markets for DC circuit breaker market in the region. Increasing grid investments and plans for electrification in remote areas in countries such as Vietnam, Indonesia, and the Philippines is likely to drive the growth of the DC circuit breaker market in the region during the forecast period. Rise in investments in smart grid technologies is another factor which is driving the DC circuit breaker market in Asia Pacific.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the DC circuit breaker market. The key players are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Toshiba (Japan), Larsen & Toubro (India), Mitsubishi (Japan), Powell (US), Rockwell Automation (US), Fuji Electric (Japan), CG Power (India), ENTEC Electric & Electronic (South Korea), BRUSH Group (UK). Contracts & agreements was one of the key strategies adopted by the players to strengthen their global presence and offerings.
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.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 newsletter@marketsandmarkets.com
