Ring main unit is a wrapped and compact metal-enclosed switch gear broadly used in urban power distribution network. It comprises of one unit and two switches that link both sides of the load to the major conductors. It also consists a fusible switch or circuit breaker that tees-off to feed a medium voltage to low voltage distribution transformer. The ring main unit is nominated according to voltage ratings and is appropriate for indoor and outdoor installations Ring main unit features SF6 gas insulation, integral protection system, fully extendible options, and modular & compact construction. It is low maintenance. Ring main unit is broadly used at ring-category distribution network junction points and in underground cable distribution network at the load connection.
According to the report analysis, ‘Global Medium Voltage Ring Main Units Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that ABB, Toshiba, Eaton, Schneider Electric, Creative Distribution Automation, Siemens, Daya Electric, CEEPOWER, SOJO, Larsen & Toubro, Aepe, TGOOD, Jiangsu DayBright Intelligent Electric, Sevenstars Electric, HEZONG, G&W Electric and many more are the foremost corporates which recently operating in global medium voltage ring main units industry more effectively for leading the highest market growth and registering the handsome value of market share around the globe while increasing the applications and specifications of such, decreasing the linked prices of such, improving the qualitative and quantitative measures, analysing the strategies and policies of government as well as corporates, implementing the policies of enlargement and profit making, establishing the several research and development programs, employing the young and active personnel, spreading the awareness connected to the applications and delivering the better consumer satisfaction.
By types, the global medium voltage ring main unit is categorized into solid insulated, gas insulated and air insulated. By application, the global medium voltage ring main unit is classified into residential and utilities, industries and many more.
Capacity additions, growing electricity requirement, and industrialization projects in the regions such as China, Japan, India, and South Korea are the major reasons spurring the growth of the ring main unit market in the region. In India, aspects such as rural electrification, acceptance of smart grids, and substation automation projects are increasing the requirement for medium voltage ring main units. Demand for ring main unit is increasing owing to rise in automation and industrialization across the globe. Not only has this, the demand for electricity is high due to growth in populace. This is propelling the Global Medium Voltage Ring Main Unit Market. Increase in distribution networks and modernization of prevailing power infrastructure are projected to boost the requirement for medium voltage ring main units during the forecast period.
The organized players in global medium voltage ring main units market are accepting the policies of enlargement such as partnership, new product development, amalgamation, joint venture, merger and acquisition and several others. Therefore, in the near years, it is predicted that the market of medium voltage ring main unit will increase around the globe more effectively over the upcoming years.
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Ankur Gupta, Head Marketing & Communications