Saudi Arabia Ring main units Market to Witness Exponential Growth by 2019 – 2026


Posted November 17, 2019 by nikitamanwar

GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts.
 
Ring main units are metal enclosed set of switchgear utilized in the ring circuits of auxiliary distribution systems. These devices guarantee the expanded security of circuits and other hardware associated with them. The primary preferred position of ring principle units is that they can be associated with different power hotspots for continuous power supply. Ring main unit devices are accessible with different protecting media in an electrical power distribution system. Ring main units incorporates into one unit two switches that can interface the heap to either or both fundamental conductors, and a fusible switch or electrical switch and switch that feed a transformer. Conventional switchgear offers indistinguishable changing properties from ring main units yet need wellbeing and power security. Ring main units have the additional advantages of supply from two sources and reduce spending on cables and lines.

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Major factors for the growth of the ring main units market are growing upgradation of power infrastructure, increasing expansion activities in grid-connected and isolated micro-grid infrastructure coupled with the addition of generation capacity and increasing investments in power distribution systems. Demand for electricity in many utilities and distribution centers and government initiatives for renewables power generation is further expected to fuel the market growth. Consumer preference towards value-based electrical protection devices deployment will lead the demand for Ring main units in the residential and commercial sectors. Growing awareness and product availability are expected to create demand for Ring main units during the forecast period. However, expensive compared to traditional switchgear may hamper the growth of the market during the forecast period.

Saudi Arabia Ring main units witnessing prominent growth during the forecast period as the region shows growing infrastructural spending supported by government initiatives toward the replacement and up-gradation of aging grid networks. The growing electrification rate further compels the integration of network control & protection devices that will increase the demand of Ring main units. Growth in Industrialization and power supply issues will likewise be relied upon to fuel the market growth in the upcoming few years as these devices are safer, and efficient than conventional protecting devices. In addition, the commercial sector has more inclination towards Ring main units as its dependable protection, Operational safety, effective dielectric strength, advanced smart control technologies and system compactness.

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Various notable players operating in the market, include Siemens, ABB, GE, Schneider Electric, Crompton Greaves Ltd, Saudi Lucy company Ltd, Legrand, Eaton, Larsen & Toubro Limited and Nour Energy among others.

Key questions answered in this research report:
1- At what pace is Saudi Arabia Ring main units market growing? What will be the Saudi Arabia Ring main units market forecast?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in Saudi Arabia Ring main units and market size?
4- Saudi Arabia Ring main units market outlook, application areas and how they are poised to grow?
5- Saudi Arabia Ring main units market overview, industry analysis and scope of study?

Market Segmentation
By Type
o Gas Insulated
o Air Insulated
o Oil Insulated
o Solid Dielectric Insulated

By Position
o 3-position
o 6-position
o 10-position
o Others

By Installation
o Outdoor
o Indoor

By Application
o Distribution Utilities
o Industries
o Infrastructure & Transportation

Leading market players
• Siemens
• ABB
• GE
• Schneider Electric
• Crompton Greaves Ltd
• Saudi Lucy company Ltd
• Legrand
• Eaton
• Larsen & Toubro Limited
• Nour Energy

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GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.

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Last Updated November 17, 2019