Ring Main Unit Industry Insights, Market Overview and Research Report 2024: Fractovia Ring Main Unit Market 2018-2024: This research reviews the overall ring main unit industry, which according to a report by Global Market Insights, Inc., the annual installation is set to exceed 400’ 000 units by 2024 and to hit the $3bn revenue mark. Growth Drivers: • • • • •
Favorable government initiatives/targets toward renewable integration Growing electricity demand Rising investments across rural electrification Expansion of micro-grid networks Increasing infrastructural spending
Segmentations covered under Ring Main Unit Market Report based on Insulation: • • • • •
Gas Air Oil Solid di-electric Others
Key Data Points from Ring Main Unit Market Analysis: Rising investments toward infrastructural development subject to pervasive residential and commercial establishments across developing regions will stimulate the ring main unit market size. Solid di-electric ring main unit market is set to exceed an annual installation of over 20,000 units by 2024. Switch & Fuse in line with lower costs and reliable operations across high tension applications has witnessed appreciable penetration across the ring main unit market. 3-position ring main unit market in 2016, was valued over USD 700 million on account of rapid commercialization and residential establishments across developing regions.
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