The global ring body market size is expected to reach $2.5 billion by 2025 from an expected value of $1.6 billion in 2020 with a CAGR of 9% over the forecast period. Additional capacity, increased power demand, and industrialization projects in countries such as China, Japan, India and Korea are the main reasons driving the growth of the ring body market in the region. In India, factors such as rural electrification, smart grid adoption and substation automation projects are driving increasing demand for ring bodies. According to the Indian Electrical and Electronics Manufacturers Association (IEEMA), generating capacity is expected to increase from 200 GW in 2010 to more than 800 GW in 2032 to meet growing demand. Therefore, these developments have the potential to drive the ring body market.
A full report of Global Ring Main Unit Market is available at: https://www.orionmarketreports.com/ring-main-unit-market/10614/
Global Ring Main Unit Market: Research Scope
By Type
• Oil Insulated
• Gas Insulated
• Solid Dielectric
• Air Insulated
By Installation
• Indoor
• Outdoor
By Application
• Industries
• Distribution Utilities
• Infrastructure & Transportation
By Voltage Rating
• Up to 15 kV
• 16–25 kV
• Above 25 kV
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Global Ring Main Unit Market Report
• What was the Global Ring Main Unit Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Global Ring Main Unit Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Global Ring Main Unit Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
