Ring Main Unit Market Size, Share, Analysis, Regional Outlook and Forecast 2020-2025

The global ring main unit market size is projected to grow at a CAGR of 9.3% from 2020 to 2025. The market is estimated to be USD 1.6 billion in 2020 and expected to reach USD 2.5 billion by 2025. Asia Pacific is expected to be the largest and the fastest growing market for ring main units from 2020–2025. The market is driven by the rising demand for uninterrupted and reliable power supply across several end-use industries and expansion of the manufacturing sector. Also, the increasing renovation of power infrastructure and growing electricity demand in countries like China, India, and Japan is expected to fuel the ring main unit demand.

The ring main unit market has been segmented, by type, into gas insulated, air insulated, oil insulated, and solid dielectric insulated. Solid dielectric is the fastest growing ring main unit market. Operational safety and low carbon emissions using solid dielectric ring main units are expected to boost its demand.

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The ring main unit market has been segmented, by installation, into outdoor and indoor. The increasing installation of solar and wind power plants is expected to foster the demand for outdoor ring main units.

The ring main unit market has been segmented, by application, into distribution utilities, industries, and infrastructure & transportation. Distribution utilities is the fastest growing ring main unit market. Increasing T&D investments to meet the growing power demand are likely to propel the ring main unit market in this segment. In addition, rural electrification in India would require usage of equipment such as ring main units for uninterrupted power supply. This would bring growth opportunities for the ring main unit market in this segment.

The ring main unit market has been segmented, by voltage rating, into up to 15 kV, 16–25 kV, and above 25 kV. Up to 15 kV is the fastest growing ring main unit market. Some of the large manufacturers of up to 15 KV ring main units are Eaton, Larsen & Toubro, Siemens, ABB, LS Electric, and others. Increasing number of commercial establishments due to rapid urbanization and infrastructure development is the prime reason for the market growth.

Key Market Players:

The major players in the ring main unit market are 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).

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Report Objectives:

• To define, describe, segment, and forecast the ring main unit market by type, installation, application, voltage rating, and region
• To provide detailed information on the significant factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• Providing detailed information about the impact of COVID-19 on ring main unit value chain and its impact on various stakeholders such as raw material suppliers, RMU manufacturers, suppliers, utility operators, and others
• To strategically analyze the market for individual growth trends, future expansions, and contribution of each segment to the market
• To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
• To forecast the growth of the market for the regions, namely, Asia Pacific, North America, Europe, South America, Middle East, and Africa
• To profile and rank key players and comprehensively analyze their respective market shares
• To analyze competitive developments such as contracts & agreements, investments & expansions, new product launches, and mergers & acquisitions in the ring main unit market
• Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions due to COVID-19

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PDC Drill Bits Market Emerging Trends, Business Opportunities, Segmentation and Forecast to 2023

The PDC drill bits market is expected to grow from an estimated USD 3.66 Billion in 2018 to USD 4.54 Billion by 2023, at a CAGR of 4.41% during the forecast period. This growth can be attributed to factors such as increasing oil & gas drilling activities in the world and need for advanced techniques for faster drilling in less downtime.

The report’s target audience includes:

• PDC drill bits manufacturers and suppliers
• PDC drill bits operators
• Oil & gas drilling operators
• PDC drill bits research institutes
• Government and research organizations
• Institutional researchers and professors
• National and local government organizations
• Research organizations and consulting companies
• Technology providers

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The matrix body segment is estimated to hold the largest share of PDC drill bits market, by type, during the forecast period

The matrix body segment held the largest share of the PDC drill bits market in 2017 and is expected to grow at a decent pace during the forecast period. The large market share of this segment can be attributed to the rising demand for faster drilling with less wear and tear of drill bits in medium-hard and hard formations.

The 6–10 blade segment was estimated to be the largest segment of the PDC drill bits market, by number of blades, in 2017

The 6–10 blade segment was estimated to be the largest segment of the PDC drill bits market, by number of blades, in 2017. The 6–10 blades of PDC drill bits are mainly used for higher Rate of Penetration (ROP) drilling in medium-hard formations. Countries such as the US, China, Saudi Arabia, and Oman are showing rapid growth in the 6–10 blades PDC drill bits segment because of the recent increase in shale gas production and oil drilling.

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North America: The leading regional market in PDC drill bits

In this report, the PDC drill bits market has been analyzed with respect to 6 regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America is estimated to be the largest market for PDC drill bits. The increasing shale gas exploration & production in the region is the major factor for the growth of the market.

The report provides an in-depth understanding of the competitive landscape and includes profiles of some of the leading players in the PDC drill bits market. The key players include Schlumberger (US), BHGE (US), Halliburton (US), NOV (US), Varel (US), Atlas Copco (Sweden), Ultera (US), Drill Master International (US), Sichuan Chuanshi Diamond Bit (China), Torquato (US), Rubicon Oilfield International (US), and Western Drilling tools (Canada), Shear bits (Canada), Volgaburmash (Russia). These players adopted various strategies, such as new product launches, contracts & agreements, and mergers & acquisitions to increase their global presence and market share.

Objectives of the study

• To define, describe, and forecast the PDC drill bits market, in terms of value, on the basis of type, size of PDC cutter, number of blades and region
• To provide detailed information about the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
• To estimate and forecast the size of the market, in terms of value, with respect to 6 main regions, namely, the Middle East, Africa, Asia Pacific (APAC), North America, Europe, and South America
• To study the individual growth trends and future prospects of PDC drill bits providers and analyze the key contributors in this market
• To strategically analyze micro-markets with respect to individual growth trends, future prospects, and contribution to the total market
• To track and analyze competitive developments such as contracts & agreements, mergers & acquisitions, and new product launches in the market
• To profile key market players and comprehensively analyze their market positions and core competencies

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 5000 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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Motor Control Centers Market Latest Trends, Development, Growth Analysis And Forecast by 2025

The global motor control centers market is expected to grow from an estimated value of USD 4.6 billion in 2020 to USD 6.3 billion by 2025, at a CAGR of 6.4%, from 2020 to 2025. The global market is set to witness significant growth owing to the growing demand for industrial automation in developed regions and regulations promoting energy saving across major industries.

The low voltage segment is expected to hold the largest share of the motor control centers market, by voltage, during the forecast period

The low voltage segment includes up to 1 kV motor control centers. This segment is expected to hold the major share in 2020 owing to the widespread adoption of low voltage motors in various industries globally. Low voltage motor control centers are mainly used in the chemical & petrochemical, cement & manufacturing, food & beverage, oil & gas, and metals & mining. Asia Pacific is the largest low voltage motor control centers market because of rapid industrialization and urbanization in countries such as China and India. All these factors are expected to boost the low voltage motor control centers market.

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Busbars are an alternative to traditional cabling and the largest motor control centers market, by component, during the forecast period

The busbars segment held the largest share of the motor control centers market in 2019. A busbar is the most important component of a motor control center as it acts as a common voltage point for all electrical equipment connected to the motor control center. The increase in the flexibility, efficiency, and reliability of busbars, and the elimination of the need for additional wires have led to the rising demand for busbars in the motor control centers market. Busbars are mainly used in utilities and industrial applications to deliver power to buildings and electrical loads, respectively.

The industrial segment is expected to be the fastest growing end-user of the motor control centers market

The industrial end-users of the motor control centers market is segmented into oil & gas, metals & mining, utilities, chemical & petrochemical, cement & manufacturing, and food & beverage industries. The industrialsegment is expected to be the fastest growing motor control centers market from 2020 to 2025 owing to the inclination toward motorized automation worldwide. Moreover, increasing demand for electric motors in the aforementioned industries is also expected to drive the industrial segment of the motor control centers market.

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Asia Pacific is expected to dominate the global motor control centers market

Asia Pacific is expected to dominate the global motor control centers market owing to the increasing industrialization and electricity demand in the region. China is expected to dominate the Asia Pacific motor control centers market. The motor control centers’ markets in countries such as China, India, and Japan are expected to grow at high rates. Increasing power generation capacity additions and industrialization projects in these countries are the main reasons spurring the growth of the motor control centers market.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the motor control centers market. These include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), and Rockwell Automation (US). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their respective market share.

Report Objectives:

• To define, describe, and forecast the global motor control centers market on the basis of type, voltage, component, standard, end-user, and region
• To provide detailed information regarding the major factors influencing the growth of the motor control centers market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the motor control centers market with respect to individual growth trends, future prospects, and contributions of each segment to the market
• The impact of the COVID-19 pandemic on the motor control centers market has been analyzed for the estimation of the market size.
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
• To benchmark players within the market using the proprietary Vendor DIVE framework, which analyzes the market players on various parameters within the broad categories of business and product strategies
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the motor control centers 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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com