Ring main unit is a gas-insulated compact switchgear unit that plays an important role in secondary distribution substations. It is used to provide uninterrupted power supply by making a ring of power supply so that in case of failure of the first source of power supply, power can be supplied with the help of the second source. It is preferable over conventional switchgears owing to various properties such as high flexibility, enhanced safety, and less maintenance charges.
The global ring main unit market can be segmented based on type, application, and region. In terms of type, the ring main unit market can be divided into gas, air, oil, and solid dielectric. Gas insulated ring main unit is expected to be the major type segment of the ring main unit market during the forecast period owing to its properties such as high insulating capacity, easy integration with existing system, and minimum floor space. It is primarily used in power grids, railway systems, wind power plant, etc. In terms of type, the ring main unit market can be classified into distribution utilities, industries, and infrastructure & transportation, and others.
The ring main unit market is anticipated to expand significantly during the forecast period due to the increase in demand for these units in the distribution utilities application segment. Demand for electricity and capacity addition has been rising by the day in developing regions such as Asia Pacific owing to this demand for ring main unit is increases in distribution utilities in order to provide uninterrupted power supply to meet the rising demand. Demand for reliable and secure source of power supply is also anticipated to boost the demand for ring main units in power generation during the forecast period. Rise in demand for ring main unit in smart grids is also estimated to drive the overall market for ring main unit during the forecast period. Ring main unit can be used to optimize network performance, improved energy availability, etc. in smart grids. Furthermore, rise in demand for ring main unit in renewable power generation for minimizing power loss is projected to play a significant role in augmenting the demand for ring main unit during the forecast period.
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Key players operating in the global ring main unit market include Eaton, Schneider Electric, LARSEN & TOUBRO LIMITED, Ltd., EPE Power Switchgear Sdn. Bhd., OTDS UK Ltd., General Electric Company, ABB, Ltd., and SEL S.p.A.