Summary

The global market for Ring main unit is poised for substantial growth, with a projected trajectory reaching USD 3.4 billion by the year 2029. This represents a noteworthy increase from the estimated value of USD 2.5 billion in 2024, reflecting a steady Compound Annual Growth Rate (CAGR) of 5.7% over the period spanning from 2024 to 2029. The ring main unit (RMU) market is driven by several key factors. The rising demand for reliable and uninterrupted power supply, fueled by increasing urbanization and industrialization, is a primary driver. Additionally, the growing global electricity consumption due to population growth necessitates the expansion and modernization of power distribution infrastructure. The integration of renewable energy sources like solar and wind power into existing grids also boosts the demand for RMUs, as they facilitate efficient and flexible grid management. Significant investments in upgrading aging power grids further propel the market, with a notable focus on developing regions such as Asia-Pacific. Advancements in smart grid technologies and the widespread adoption of intelligent electronic devices enhance the functionality and appeal of RMUs, contributing to their increased demand across various sectors. “The distribution utilities segment, by application, to be fastest growing market from 2024 to 2029.” The distribution utilities segment is projected to be the fastest-growing market for ring main units (RMUs) from 2024 to 2029 due to several compelling factors. Primarily, the escalating global demand for electricity, driven by rapid urbanization and industrial expansion, necessitates robust and reliable power distribution systems. Distribution utilities are at the forefront of upgrading and expanding their infrastructure to meet this rising demand, ensuring uninterrupted and efficient power delivery to end-users. Additionally, significant investments in modernizing aging power grids, particularly in developing regions, further fuel this growth. The integration of renewable energy sources into the grid, which requires advanced RMUs for effective management and stability, also plays a crucial role. Furthermore, the increasing focus on smart grid technologies and digitalization within the utilities sector enhances the adoption of RMUs, as these units are essential for improving grid resilience, flexibility, and efficiency. This convergence of factors positions the distribution utilities segment as a key driver of the RMU market's expansion during the forecast period. “Outdoor installation: The fastest-growing segment of the ring main unit market based on installation.” The outdoor installation segment is expected to be the fastest-growing sector of the ring main unit (RMU) market due to several key factors. Firstly, the need for expanding and upgrading power distribution networks in both urban and rural areas is driving the demand for RMUs that can be installed outdoors. These units are crucial for enhancing the reliability and efficiency of power supply in diverse environmental conditions, making them ideal for outdoor settings. Additionally, outdoor RMUs are designed to withstand harsh weather conditions and provide robust performance with minimal maintenance, which is essential for remote and hard-to-access locations. The rapid growth of renewable energy projects, such as wind and solar farms, further boosts the demand for outdoor RMUs, as these installations often require reliable and weather-resistant units to integrate renewable energy sources into the grid effectively. Furthermore, increasing investments in infrastructure development, particularly in developing regions, and the focus on smart grid implementation and rural electrification projects contribute significantly to the expansion of the outdoor installation segment. These factors collectively underscore the accelerated growth of outdoor RMU installations in the global market. “Asia Pacific to be largest and fastest growing region in ring main unit market.” Asia Pacific is poised to emerge as both the largest and fastest-growing region in the ring main unit (RMU) market, driven by several compelling factors. Firstly, the region is witnessing rapid industrialization and urbanization, leading to a surge in electricity demand for residential, commercial, and industrial purposes. This escalating demand necessitates the expansion and modernization of power distribution networks, wherein RMUs play a pivotal role in ensuring efficient and reliable electricity supply. Moreover, Asia Pacific governments are increasingly investing in infrastructure development, including the enhancement of electrical grids, to support economic growth and meet the needs of growing populations. Additionally, the region's commitment to renewable energy adoption, driven by environmental concerns and energy security, fuels the demand for RMUs for integrating renewable energy sources into the grid. Furthermore, initiatives aimed at rural electrification and improving energy access contribute to the growing deployment of RMUs across diverse geographical and socioeconomic landscapes in the region. The convergence of these factors positions Asia Pacific as a key market for RMUs, with substantial growth opportunities both in terms of market size and expansion rate in the coming years. Breakdown of Primaries: Significant qualitative and quantitative data, as well as future market prospects, were confirmed through in-depth interviews with subject-matter experts, C-level executives of major market players, industry consultants, and other specialists. The following is how the main interviews were dispersed: By Company Type: Tier 1: 65%, Tier 2: 24%, and Tier 3: 11% By Designation: C-level: 30%, Directors: 25%, and Others: 45% By Region: North America: 33%, Europe: 27%, Asia Pacific: 20%, South America: 12%, the Middle East & Africa: 8%. Note: “Others” include sales managers, engineers, and regional managers The tiers of the companies are defined based on their total revenue as of 2022: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3:

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Table of Contents

1 INTRODUCTION 34
1.1 STUDY OBJECTIVES 34
1.2 MARKET DEFINITION 34
1.3 STUDY SCOPE 35
1.3.1 MARKETS COVERED 35
FIGURE 1 RING MAIN UNIT MARKET SEGMENTATION 35
1.3.2 INCLUSIONS AND EXCLUSIONS 36
TABLE 1 INSULATION TYPE: INCLUSIONS AND EXCLUSIONS 36
TABLE 2 INSTALLATION: INCLUSIONS AND EXCLUSIONS 36
TABLE 3 STRUCTURE: INCLUSIONS AND EXCLUSIONS 36
TABLE 4 POSITION: INCLUSIONS AND EXCLUSIONS 37
TABLE 5 END USER: INCLUSIONS AND EXCLUSIONS 37
TABLE 6 VOLTAGE RATING: INCLUSIONS AND EXCLUSIONS 37
TABLE 7 REGION: INCLUSIONS AND EXCLUSIONS 38
1.3.3 REGIONAL SCOPE 38
1.3.4 YEARS CONSIDERED 39
1.4 CURRENCY CONSIDERED 39
1.5 UNITS CONSIDERED 39
1.6 LIMITATIONS 39
1.7 STAKEHOLDERS 40
1.8 SUMMARY OF CHANGES 40
1.9 RECESSION IMPACT 41
2 RESEARCH METHODOLOGY 42
2.1 RESEARCH DATA 42
FIGURE 2 RING MAIN UNIT MARKET: RESEARCH DESIGN 42
2.2 DATA TRIANGULATION 43
2.2.1 SECONDARY AND PRIMARY RESEARCH 44
2.2.2 SECONDARY DATA 44
2.2.2.1 List of key secondary sources 45
2.2.2.2 Key data from secondary sources 45
2.2.3 PRIMARY DATA 46
2.2.3.1 Breakdown of primaries 46
2.2.3.2 Key data from primary sources 47
2.2.3.3 Key industry insights 48
2.2.3.4 List of major primary interview participants 48
2.2.3.5 Intended participants and key opinion leaders in primary interviews 48
2.3 RESEARCH SCOPE 49
2.4 MARKET SIZE ESTIMATION 49
2.4.1 BOTTOM-UP APPROACH 49
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 50
2.4.2 TOP-DOWN APPROACH 50
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 50
2.4.3 DEMAND-SIDE ANALYSIS 51
FIGURE 5 PARAMETERS CONSIDERED TO ASSESS DEMAND FOR RING MAIN UNITS 51
2.4.3.1 Approach to estimate market size using demand-size analysis 51
2.4.3.2 Demand-side assumptions 52
2.4.4 SUPPLY-SIDE ANALYSIS 52
FIGURE 6 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF RING MAIN UNITS 52
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS: ILLUSTRATION OF REVENUE ESTIMATIONS FOR TOP PLAYER IN RING MAIN UNIT MARKET 53
2.4.4.1 Approach to estimate market size using supply-side analysis 53
2.4.4.2 Supply-side assumptions 54
2.5 FORECAST 54
2.5.1 IMPACT OF RECESSION 54
2.6 RESEARCH ASSUMPTIONS 55
2.6.1 RESEARCH LIMITATIONS 56
2.6.2 RISK ASSESSMENT 56
3 EXECUTIVE SUMMARY 57
TABLE 8 RING MAIN UNIT MARKET SNAPSHOT 57
FIGURE 8 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN RING MAIN UNIT MARKET DURING FORECAST PERIOD 58
FIGURE 9 GAS-INSULATED SEGMENT TO LEAD MARKET IN 2029 59
FIGURE 10 OUTDOOR SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD 59
FIGURE 11 UP TO 15 KV SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 60
FIGURE 12 NON-EXTENSIBLE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2024 60
FIGURE 13 DISTRIBUTION UTILITIES SEGMENT TO DOMINATE MARKET IN 2029 61
FIGURE 14 3-POSITION SEGMENT TO LEAD MARKET IN 2029 61
4 PREMIUM INSIGHTS 62
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN RING MAIN UNIT MARKET 62
FIGURE 15 GROWING SHIFT TOWARD RENEWABLE ENERGY SOURCES TO DRIVE MARKET 62
4.2 RING MAIN UNIT MARKET, BY REGION 62
FIGURE 16 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 62
4.3 RING MAIN UNIT MARKET IN ASIA PACIFIC, BY END USER AND COUNTRY 63
FIGURE 17 DISTRIBUTION UTILITIES AND CHINA DOMINATED MARKET IN ASIA PACIFIC IN 2023 63
4.4 RING MAIN UNIT MARKET, BY INSULATION TYPE 63
FIGURE 18 GAS-INSULATED SEGMENT TO DOMINATE MARKET IN 2029 63
4.5 RING MAIN UNIT MARKET, BY INSTALLATION 64
FIGURE 19 OUTDOOR SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2029 64
4.6 RING MAIN UNIT MARKET, BY VOLTAGE RATING 64
FIGURE 20 UP TO 15 KV SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2029 64
4.7 RING MAIN UNIT MARKET, BY STRUCTURE 64
FIGURE 21 NON-EXTENSIBLE SEGMENT TO DOMINATE MARKET IN 2029 64
4.8 RING MAIN UNIT MARKET, BY END USER 65
FIGURE 22 DISTRIBUTION UTILITIES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029 65
4.9 RING MAIN UNIT MARKET, BY POSITION 65
FIGURE 23 3-POSITION SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029 65
5 MARKET OVERVIEW 66
5.1 INTRODUCTION 66
5.2 MARKET DYNAMICS 67
FIGURE 24 RING MAIN UNIT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 67
5.2.1 DRIVERS 67
5.2.1.1 Increasing demand for reliable and resilient power grids 67
FIGURE 25 REGIONAL/COUNTRY-WISE DATA ON INVESTMENTS IN POWER GRIDS, 2015–2022 68
5.2.1.2 Integration of renewable energy into existing grid infrastructure 68
FIGURE 26 GLOBAL DATA ON INVESTMENTS IN CLEAN ENERGY AND FOSSIL FUELS, 2015–2023 69
FIGURE 27 DATA ON RENEWABLE ELECTRICITY CAPACITY, 2016–2022 70
5.2.2 RESTRAINTS 70
5.2.2.1 Environmental concerns associated with RMUs 70
TABLE 9 GLOBAL WARMING POTENTIAL OF GREENHOUSE GASES (100-YEAR TIME HORIZON) 71
5.2.2.2 Volatile raw material prices 71
5.2.2.3 Limited land availability 72
5.2.2.4 High expenses associated with retrofitting existing RMUs 72
5.2.3 OPPORTUNITIES 73
5.2.3.1 Benefits of integrating RMUs with distribution management system 73
5.2.3.2 Government-led initiatives to boost adoption of smart RMUs 73
5.2.3.3 Growing use of smart technologies to transform power distribution 74
5.2.3.4 Ongoing digitalization of electricity sector 74
FIGURE 28 GLOBAL DATA ON INVESTMENTS IN ENERGY, 2015–2023 75
5.2.4 CHALLENGES 75
5.2.4.1 High initial investment in smart RMUs 75
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 76
FIGURE 29 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 77
5.4 ECOSYSTEM ANALYSIS 77
FIGURE 30 ECOSYSTEM ANALYSIS: RING MAIN UNIT MARKET 77
TABLE 10 ROLES OF COMPANIES IN RING MAIN UNIT ECOSYSTEM 78
5.5 PRICING ANALYSIS 79
5.5.1 INDICATIVE PRICING TREND, BY VOLTAGE RATING 79
TABLE 11 INDICATIVE PRICING TREND, BY VOLTAGE RATING (USD) 79
5.5.2 AVERAGE SELLING PRICE TREND OF RING MAIN UNIT, BY REGION 79
TABLE 12 AVERAGE SELLING PRICE TREND OF RING MAIN UNIT, BY REGION, 2020–2024 (USD) 79
FIGURE 31 AVERAGE SELLING PRICE TREND OF RING MAIN UNIT, BY REGION, 2020–2024 (USD) 80
5.6 SUPPLY CHAIN ANALYSIS 80
FIGURE 32 RING MAIN UNIT MARKET: SUPPLY CHAIN ANALYSIS 80
5.7 TECHNOLOGY ANALYSIS 81
5.7.1 KEY TECHNOLOGIES 81
5.7.1.1 Vacuum technology 81
5.7.2 COMPLEMENTARY TECHNOLOGIES 82
5.7.2.1 Smart RMUs 82
5.8 INVESTMENT AND FUNDING SCENARIO 83
FIGURE 33 INVESTMENT AND FUNDING SCENARIO 83
5.9 KEY CONFERENCES AND EVENTS, 2024–2025 83
TABLE 13 RING MAIN UNIT MARKET: LIST OF CONFERENCES AND EVENTS 83
5.10 TARIFF AND REGULATORY LANDSCAPE 84
5.10.1 TARIFF ANALYSIS 84
TABLE 14 IMPORT TARIFF FOR HS CODE 853690-COMPLIANT PRODUCTS, 2023 84
TABLE 15 IMPORT DATA FOR HS 853590 CODE-COMPLIANT PRODUCTS, 2023 85
5.10.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
TABLE 16 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
TABLE 17 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 18 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
TABLE 19 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
5.10.3 CODES AND REGULATIONS 89
TABLE 20 GLOBAL REGULATIONS AND STANDARDS RELATED TO RING MAIN UNIT TECHNOLOGY 89
5.11 TRADE ANALYSIS 91
5.11.1 IMPORT DATA (HS CODE 853590) 91
TABLE 21 IMPORT DATA FOR HS CODE 853590-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD) 91
FIGURE 34 IMPORT DATA FOR HS CODE 853590-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD) 92
5.11.2 EXPORT DATA (HS CODE 853590) 92
TABLE 22 EXPORT DATA FOR HS CODE 853590-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD) 93
FIGURE 35 EXPORT DATA FOR HS CODE 853590-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD) 94
5.11.3 IMPORT DATA (HS CODE 853690) 94
TABLE 23 IMPORT DATA FOR HS CODE 853690-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD) 94
FIGURE 36 IMPORT DATA FOR HS CODE 853690-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD) 95
5.11.4 EXPORT DATA (HS CODE 853690) 95
TABLE 24 EXPORT DATA FOR HS CODE 853690-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD) 96
FIGURE 37 EXPORT DATA FOR HS CODE 853690-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD) 97
5.12 PATENT ANALYSIS 97
FIGURE 38 NUMBER OF PATENTS APPLIED AND GRANTED FOR RING MAIN UNITS, 2014–2023 97
TABLE 25 LIST OF APPLIED/GRANTED PATENTS RELATED TO RING MAIN UNITS, 2021–2024 98
5.13 PORTER'S FIVE FORCES ANALYSIS 101
FIGURE 39 RING MAIN UNIT MARKET: PORTER'S FIVE FORCES ANALYSIS 102
TABLE 26 RING MAIN UNIT MARKET: PORTER'S FIVE FORCES ANALYSIS 102
5.13.1 THREAT OF SUBSTITUTES 103
5.13.2 BARGAINING POWER OF SUPPLIERS 103
5.13.3 BARGAINING POWER OF BUYERS 103
5.13.4 THREAT OF NEW ENTRANTS 103
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 104
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 104
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 104
FIGURE 40 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER 104
TABLE 27 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END USER (%) 105
5.14.2 BUYING CRITERIA 105
FIGURE 41 KEY BUYING CRITERIA, BY END USER 105
TABLE 28 KEY BUYING CRITERIA, BY END USER 105
5.15 CASE STUDY ANALYSIS 106
5.15.1 LS ELECTRIC OFFERED RENEWABLE PROJECTS AEGIS 36-RING MAIN UNIT TO ENSURE RELIABILITY AND COST-EFFICIENCY 106
5.15.2 SÜC COBURG PROVIDED ABB WITH SAFERING AIRPLUS RMUS TO BOOST POWER RELIABILITY 106
5.15.3 SCHNEIDER ELECTRIC PROVIDED UTILITY COMPANY WITH RM6 SERIES GAS-INSULATED RMUS TO IMPROVE NETWORK MANAGEMENT 106
6 RING MAIN UNIT MARKET, BY POSITION 108
6.1 INTRODUCTION 109
FIGURE 42 3-POSITION SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2023 109
TABLE 29 RING MAIN UNIT MARKET, BY POSITION, 2020–2023 (USD MILLION) 109
TABLE 30 RING MAIN UNIT MARKET, BY POSITION, 2024–2029 (USD MILLION) 110
6.2 3-POSITION 110
6.2.1 BUILT-IN DIAGNOSTICS FEATURE FOR PROACTIVE PERFORMANCE MONITORING TO FUEL MARKET GROWTH 110
6.3 6-POSITION 110
6.3.1 ABILITY TO CONTROL ELECTRICAL POWER DISTRIBUTION IN MEDIUM TO HIGH-VOLTAGE ENVIRONMENTS TO DRIVE DEMAND 110
6.4 OTHERS 111
7 RING MAIN UNIT MARKET, BY INSULATION TYPE 112
7.1 INTRODUCTION 113
FIGURE 43 GAS-INSULATED SEGMENT DOMINATED MARKET IN 2023 113
TABLE 31 RING MAIN UNIT MARKET, BY INSULATION TYPE, 2020–2023 (USD MILLION) 113
TABLE 32 RING MAIN UNIT MARKET, BY INSULATION TYPE, 2024–2029 (USD MILLION) 114
7.2 GAS-INSULATED 114
7.2.1 GROWING DEMAND FOR HIGH DIELECTRIC STRENGTH IN MEDIUM-AND HIGH-VOLTAGE APPLICATIONS TO FUEL SEGMENTAL GROWTH 114
TABLE 33 GAS-INSULATED: RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 115
TABLE 34 GAS-INSULATED: RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 115
7.3 AIR-INSULATED 115
7.3.1 RISING NEED TO REDUCE CARBON FOOTPRINTS TO DRIVE MARKET 115
TABLE 35 AIR-INSULATED: RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 116
TABLE 36 AIR-INSULATED: RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 116
7.4 OIL-INSULATED 116
7.4.1 ABILITY TO WITHSTAND HEAVY LOADS IN INDUSTRIAL SETTINGS TO STIMULATE MARKET GROWTH 116
TABLE 37 OIL-INSULATED: RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 117
TABLE 38 OIL-INSULATED: RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 117
7.5 SOLID DIELECTRIC 118
7.5.1 INCREASING DEMAND FOR LOW-MAINTENANCE AND ECO-FRIENDLY SOLUTIONS TO FOSTER MARKET GROWTH 118
TABLE 39 SOLID DIELECTRIC: RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 118
TABLE 40 SOLID DIELECTRIC: RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 119
8 RING MAIN UNIT MARKET, BY INSTALLATION 120
8.1 INTRODUCTION 121
FIGURE 44 INDOOR SEGMENT CLAIMED LARGER MARKET SHARE IN 2023 121
TABLE 41 RING MAIN UNIT MARKET, BY INSTALLATION, 2020–2023 (USD MILLION) 121
TABLE 42 RING MAIN UNIT MARKET, BY INSTALLATION, 2024–2029 (USD MILLION) 121
8.2 INDOOR 122
8.2.1 RISING DEMAND FOR INTERLOCKS AND ARC-PROOF ENCLOSURES TO FUEL SEGMENTAL GROWTH 122
TABLE 43 INDOOR: RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 122
TABLE 44 INDOOR: RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 122
8.3 OUTDOOR 123
8.3.1 ABILITY TO WITHSTAND EXTREME TEMPERATURES, RAIN, AND HUMIDITY TO DRIVE MARKET 123
TABLE 45 OUTDOOR: RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 123
TABLE 46 OUTDOOR: RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 124
9 RING MAIN UNIT MARKET, BY VOLTAGE RATING 125
9.1 INTRODUCTION 126
FIGURE 45 UP TO 15 KV SEGMENT DOMINATED MARKET IN 2023 126
TABLE 47 RING MAIN UNIT MARKET, BY VOLTAGE RATING, 2020–2023 (USD MILLION) 126
TABLE 48 RING MAIN UNIT MARKET, BY VOLTAGE RATING, 2024–2029 (USD MILLION) 127
9.2 UP TO 15 KV 127
9.2.1 GOVERNMENT-LED INITIATIVES TO ELECTRIFY RURAL AREAS TO DRIVE MARKET 127
TABLE 49 UP TO 15 KV: RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 128
TABLE 50 UP TO 15 KV: RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 128
9.3 16–25 KV 128
9.3.1 ONGOING DEVELOPMENTS IN WIND ENERGY AND INDUSTRIAL AUTOMATION TO FUEL MARKET GROWTH 128
TABLE 51 16–25 KV: RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 129
TABLE 52 16–25 KV: RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 129
9.4 ABOVE 25 KV 129
9.4.1 GROWING IMPLEMENTATION IN LARGE-SCALE COMMERCIAL BUILDINGS TO BOOST DEMAND 129
TABLE 53 ABOVE 25 KV: RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 130
TABLE 54 ABOVE 25 KV: RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 130
10 RING MAIN UNIT MARKET, BY STRUCTURE 131
10.1 INTRODUCTION 132
FIGURE 46 NON-EXTENSIBLE SEGMENT SECURED LARGER MARKET SHARE IN 2023 132
TABLE 55 RING MAIN UNIT MARKET, BY STRUCTURE, 2020–2023 (USD MILLION) 132
TABLE 56 RING MAIN UNIT MARKET, BY STRUCTURE, 2024–2029 (USD MILLION) 133
10.2 NON-EXTENSIBLE 133
10.2.1 GROWING NUMBER OF INFRASTRUCTURE PROJECTS IN URBAN REDEVELOPMENT AND SMART CITY INITIATIVES TO DRIVE MARKET 133
TABLE 57 NON-EXTENSIBLE: RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 133
TABLE 58 NON-EXTENSIBLE: RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 134
10.3 EXTENSIBLE 134
10.3.1 RISING EMPHASIS ON URBANIZATION AND INDUSTRIALIZATION TO BOOST DEMAND 134
TABLE 59 EXTENSIBLE: RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 135
TABLE 60 EXTENSIBLE: RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 135
11 RING MAIN UNIT MARKET, BY END USER 136
11.1 INTRODUCTION 137
FIGURE 47 DISTRIBUTION UTILITIES SEGMENT LED MARKET IN 2023 137
TABLE 61 RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 137
TABLE 62 RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 138
11.2 DISTRIBUTION UTILITIES 138
11.2.1 GOVERNMENT-LED INITIATIVES AND INVESTMENTS TO DEVELOP SMART GRID TECHNOLOGIES TO BOOST DEMAND 138
TABLE 63 DISTRIBUTION UTILITIES: RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 139
TABLE 64 DISTRIBUTION UTILITIES: RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 139
11.3 INDUSTRIAL 139
11.3.1 RISING FOCUS OF REFINERIES AND PROCESSING FACILITIES ON SAFETY TO BOOST DEMAND 139
TABLE 65 INDUSTRIAL PLANTS: RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 140
TABLE 66 INDUSTRIAL PLANTS: RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 140
11.4 TRANSPORTATION INFRASTRUCTURE 141
11.4.1 GROWING REQUIREMENT FOR UNINTERRUPTED POWER SUPPLY TO ACCELERATE DEMAND 141
TABLE 67 TRANSPORTATION INFRASTRUCTURE: RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 141
TABLE 68 TRANSPORTATION INFRASTRUCTURE: RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 142
11.5 COMMERCIAL BUILDINGS 142
11.5.1 INCREASING DEPLOYMENT IN ESCALATORS, ELEVATORS, SECURITY SYSTEMS, AND HVAC UNITS TO DRIVE MARKET 142
TABLE 69 COMMERCIAL BUILDINGS: RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 143
TABLE 70 COMMERCIAL BUILDINGS: RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 143
12 RING MAIN UNIT MARKET, BY REGION 144
12.1 INTRODUCTION 145
FIGURE 48 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 145
FIGURE 49 RING MAIN UNIT MARKET SHARE, BY REGION, 2023 146
TABLE 71 RING MAIN UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 146
TABLE 72 RING MAIN UNIT MARKET, BY REGION, 2024–2029 (USD MILLION) 146
TABLE 73 RING MAIN UNIT MARKET, BY REGION, 2020–2023 (THOUSAND UNITS) 147
TABLE 74 RING MAIN UNIT MARKET, BY REGION, 2024–2029 (THOUSAND UNITS) 147
12.2 ASIA PACIFIC 147
12.2.1 RECESSION IMPACT ON RING MAIN UNIT MARKET IN ASIA PACIFIC 148
FIGURE 50 ASIA PACIFIC: RING MAIN UNIT MARKET SNAPSHOT 149
TABLE 75 ASIA PACIFIC: RING MAIN UNIT MARKET, BY INSULATION TYPE, 2020–2023 (USD MILLION) 149
TABLE 76 ASIA PACIFIC: RING MAIN UNIT MARKET, BY INSULATION TYPE, 2024–2029 (USD MILLION) 150
TABLE 77 ASIA PACIFIC: RING MAIN UNIT MARKET, BY INSTALLATION, 2020–2023 (USD MILLION) 150
TABLE 78 ASIA PACIFIC: RING MAIN UNIT MARKET, BY INSTALLATION, 2024–2029 (USD MILLION) 150
TABLE 79 ASIA PACIFIC: RING MAIN UNIT MARKET, BY VOLTAGE RATING, 2020–2023 (USD MILLION) 150
TABLE 80 ASIA PACIFIC: RING MAIN UNIT MARKET, BY VOLTAGE RATING, 2024–2029 (USD MILLION) 151
TABLE 81 ASIA PACIFIC: RING MAIN UNIT MARKET, BY STRUCTURE, 2020–2023 (USD MILLION) 151
TABLE 82 ASIA PACIFIC: RING MAIN UNIT MARKET, BY STRUCTURE, 2024–2029 (USD MILLION) 151
TABLE 83 ASIA PACIFIC: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 151
TABLE 84 ASIA PACIFIC: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 152
TABLE 85 ASIA PACIFIC: RING MAIN UNIT MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 152
TABLE 86 ASIA PACIFIC: RING MAIN UNIT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 152
12.2.2 CHINA 153
12.2.2.1 Government-led initiatives to upgrade and expand existing grid infrastructure to boost demand 153
TABLE 87 CHINA: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 153
TABLE 88 CHINA: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 154
12.2.3 INDIA 154
12.2.3.1 Increasing demand for reliable power distribution infrastructure to drive market 154
TABLE 89 INDIA: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 155
TABLE 90 INDIA: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 155
12.2.4 JAPAN 155
12.2.4.1 Rising focus on modernizing existing electricity grid to fuel market growth 155
TABLE 91 JAPAN: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 156
TABLE 92 JAPAN: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 156
12.2.5 MALAYSIA 156
12.2.5.1 Growing emphasis on reducing greenhouse gas emissions to boost demand 156
TABLE 93 MALAYSIA: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 157
TABLE 94 MALAYSIA: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 157
12.2.6 SOUTH KOREA 158
12.2.6.1 Increasing deployment of smart grid technologies in urban areas to drive market 158
TABLE 95 SOUTH KOREA: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 158
TABLE 96 SOUTH KOREA: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 159
12.2.7 REST OF ASIA PACIFIC 159
TABLE 97 REST OF ASIA PACIFIC: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 160
TABLE 98 REST OF ASIA PACIFIC: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 160
12.3 EUROPE 161
12.3.1 RECESSION IMPACT ON RING MAIN UNIT MARKET IN EUROPE 161
FIGURE 51 EUROPE: RING MAIN UNIT MARKET SNAPSHOT 162
TABLE 99 EUROPE: RING MAIN UNIT MARKET, BY INSULATION TYPE, 2020–2023 (USD MILLION) 162
TABLE 100 EUROPE: RING MAIN UNIT MARKET, BY INSULATION TYPE, 2024–2029 (USD MILLION) 163
TABLE 101 EUROPE: RING MAIN UNIT MARKET, BY INSTALLATION, 2020–2023 (USD MILLION) 163
TABLE 102 EUROPE: RING MAIN UNIT MARKET, BY INSTALLATION, 2024–2029 (USD MILLION) 163
TABLE 103 EUROPE: RING MAIN UNIT MARKET, BY VOLTAGE RATING, 2020–2023 (USD MILLION) 163
TABLE 104 EUROPE: RING MAIN UNIT MARKET, BY VOLTAGE RATING, 2024–2029 (USD MILLION) 164
TABLE 105 EUROPE: RING MAIN UNIT MARKET, BY STRUCTURE, 2020–2023 (USD MILLION) 164
TABLE 106 EUROPE: RING MAIN UNIT MARKET, BY STRUCTURE, 2024–2029 (USD MILLION) 164
TABLE 107 EUROPE: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 164
TABLE 108 EUROPE: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 165
TABLE 109 EUROPE: RING MAIN UNIT MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 165
TABLE 110 EUROPE: RING MAIN UNIT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 165
12.3.2 GERMANY 166
12.3.2.1 Growing emphasis on national grid expansion and modification to drive market 166
TABLE 111 GERMANY: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 167
TABLE 112 GERMANY: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 167
12.3.3 FRANCE 167
12.3.3.1 Shifting focus to cut nuclear power reliance in electricity generation to boost market 167
TABLE 113 FRANCE: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 168
TABLE 114 FRANCE: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 168
12.3.4 UK 168
12.3.4.1 Government-led initiatives to regulate greenhouse gas emissions to fuel market growth 168
TABLE 115 UK: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 169
TABLE 116 UK: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 169
12.3.5 REST OF EUROPE 169
TABLE 117 REST OF EUROPE: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 170
TABLE 118 REST OF EUROPE: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 170
12.4 NORTH AMERICA 171
12.4.1 RECESSION IMPACT ON RING MAIN UNIT MARKET IN NORTH AMERICA 171
TABLE 119 NORTH AMERICA: RING MAIN UNIT MARKET, BY INSULATION TYPE, 2020–2023 (USD MILLION) 171
TABLE 120 NORTH AMERICA: RING MAIN UNIT MARKET, BY INSULATION TYPE, 2024–2029 (USD MILLION) 172
TABLE 121 NORTH AMERICA: RING MAIN UNIT MARKET, BY INSTALLATION, 2020–2023 (USD MILLION) 172
TABLE 122 NORTH AMERICA: RING MAIN UNIT MARKET, BY INSTALLATION, 2024–2029 (USD MILLION) 172
TABLE 123 NORTH AMERICA: RING MAIN UNIT MARKET, BY VOLTAGE RATING, 2020–2023 (USD MILLION) 172
TABLE 124 NORTH AMERICA: RING MAIN UNIT MARKET, BY VOLTAGE RATING, 2024–2029 (USD MILLION) 173
TABLE 125 NORTH AMERICA: RING MAIN UNIT MARKET, BY STRUCTURE, 2020–2023 (USD MILLION) 173
TABLE 126 NORTH AMERICA: RING MAIN UNIT MARKET, BY STRUCTURE, 2024–2029 (USD MILLION) 173
TABLE 127 NORTH AMERICA: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 173
TABLE 128 NORTH AMERICA: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 174
TABLE 129 NORTH AMERICA: RING MAIN UNIT MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 174
TABLE 130 NORTH AMERICA: RING MAIN UNIT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 174
12.4.2 US 174
12.4.2.1 Increasing adoption of renewable energy sources to drive market 174
TABLE 131 US: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 175
TABLE 132 US: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 175
12.4.3 CANADA 176
12.4.3.1 Growing emphasis on developing alternative insulation materials to SF6 to boost demand 176
TABLE 133 CANADA: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 177
TABLE 134 CANADA: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 177
12.4.4 MEXICO 177
12.4.4.1 Pressing need to reduce dependence on coal for power generation to boost demand 177
TABLE 135 MEXICO: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 178
TABLE 136 MEXICO: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 178
12.5 MIDDLE EAST & AFRICA 178
12.5.1 RECESSION IMPACT ON RING MAIN UNIT MARKET IN MIDDLE EAST & AFRICA 179
TABLE 137 MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY INSULATION TYPE, 2020–2023 (USD MILLION) 179
TABLE 138 MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY INSULATION TYPE, 2024–2029 (USD MILLION) 179
TABLE 139 MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY INSTALLATION, 2020–2023 (USD MILLION) 180
TABLE 140 MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY INSTALLATION, 2024–2029 (USD MILLION) 180
TABLE 141 MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY STRUCTURE, 2020–2023 (USD MILLION) 180
TABLE 142 MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY STRUCTURE, 2024–2029 (USD MILLION) 180
TABLE 143 MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 181
TABLE 144 MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 181
TABLE 145 MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 181
TABLE 146 MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 182
TABLE 147 GCC: RING MAIN UNIT MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 182
TABLE 148 GCC: RING MAIN UNIT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 182
12.5.2 GCC 183
12.5.2.1 Saudi Arabia 183
12.5.2.1.1 Rapid urbanization and industrialization to boost demand 183
TABLE 149 SAUDI ARABIA: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 184
TABLE 150 SAUDI ARABIA: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 184
12.5.2.2 UAE 184
12.5.2.2.1 Rising need for grid modernization to meet high energy demands to create opportunities 184
TABLE 151 UAE: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 185
TABLE 152 UAE: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 185
12.5.2.3 Rest of GCC 185
TABLE 153 REST OF GCC: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 186
TABLE 154 REST OF GCC: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 186
12.5.3 EGYPT 186
12.5.3.1 Increasing urbanization and industrialization to drive market 186
TABLE 155 EGYPT: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 187
TABLE 156 EGYPT: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 187
12.5.4 SOUTH AFRICA 187
12.5.4.1 Integration of advanced monitoring and control systems to drive market 187
TABLE 157 SOUTH AFRICA: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 188
TABLE 158 SOUTH AFRICA: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 188
12.5.5 REST OF MIDDLE EAST & AFRICA 188
TABLE 159 REST OF MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 189
TABLE 160 REST OF MIDDLE EAST & AFRICA: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 189
12.6 SOUTH AMERICA 189
12.6.1 RECESSION IMPACT ON RING MAIN UNIT MARKET IN SOUTH AMERICA 190
TABLE 161 SOUTH AMERICA: RING MAIN UNIT MARKET, BY INSULATION TYPE, 2020–2023 (USD MILLION) 190
TABLE 162 SOUTH AMERICA: RING MAIN UNIT MARKET, BY INSULATION TYPE, 2024–2029 (USD MILLION) 191
TABLE 163 SOUTH AMERICA: RING MAIN UNIT MARKET, BY INSTALLATION, 2020–2023 (USD MILLION) 191
TABLE 164 SOUTH AMERICA: RING MAIN UNIT MARKET, BY INSTALLATION, 2024–2029 (USD MILLION) 191
TABLE 165 SOUTH AMERICA: RING MAIN UNIT MARKET, BY STRUCTURE, 2020–2023 (USD MILLION) 191
TABLE 166 SOUTH AMERICA: RING MAIN UNIT MARKET, BY STRUCTURE, 2024–2029 (USD MILLION) 192
TABLE 167 SOUTH AMERICA: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 192
TABLE 168 SOUTH AMERICA: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 192
TABLE 169 SOUTH AMERICA: RING MAIN UNIT MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 192
TABLE 170 SOUTH AMERICA: RING MAIN UNIT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 193
12.6.2 BRAZIL 193
12.6.2.1 Increasing demand for efficient electricity distribution to drive demand 193
TABLE 171 BRAZIL: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 193
TABLE 172 BRAZIL: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 194
12.6.3 ARGENTINA 194
12.6.3.1 Rising use of automated and digital monitoring systems to drive market 194
TABLE 173 ARGENTINA: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 194
TABLE 174 ARGENTINA: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 195
12.6.4 REST OF SOUTH AMERICA 195
TABLE 175 REST OF SOUTH AMERICA: RING MAIN UNIT MARKET, BY END USER, 2020–2023 (USD MILLION) 196
TABLE 176 REST OF SOUTH AMERICA: RING MAIN UNIT MARKET, BY END USER, 2024–2029 (USD MILLION) 196
13 COMPETITIVE LANDSCAPE 197
13.1 OVERVIEW 197
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024 197
TABLE 177 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024 197
13.3 MARKET SHARE ANALYSIS, 2023 198
TABLE 178 RING MAIN UNIT MARKET: DEGREE OF COMPETITION, 2023 199
FIGURE 52 RING MAIN UNIT MARKET SHARE ANALYSIS, 2023 199
13.4 REVENUE ANALYSIS, 2019–2023 200
FIGURE 53 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023 200
13.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 201
13.5.1 STARS 201
13.5.2 EMERGING LEADERS 201
13.5.3 PERVASIVE PLAYERS 201
13.5.4 PARTICIPANTS 201
FIGURE 54 RING MAIN UNIT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 202
13.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 203
13.5.5.1 Company footprint 203
FIGURE 55 RING MAIN UNIT MARKET: COMPANY FOOTPRINT 203
13.5.5.2 End user footprint 204
TABLE 179 RING MAIN UNIT MARKET: END USER FOOTPRINT 204
13.5.5.3 Installation footprint 205
TABLE 180 RING MAIN UNIT MARKET: INSTALLATION FOOTPRINT 205
13.5.5.4 Voltage rating footprint 206
TABLE 181 RING MAIN UNIT MARKET: VOLTAGE RATING FOOTPRINT 206
13.5.5.5 Insulation type footprint 207
TABLE 182 RING MAIN UNIT MARKET: INSULATION TYPE FOOTPRINT 207
13.5.5.6 Position footprint 208
TABLE 183 RING MAIN UNIT MARKET: POSITION FOOTPRINT 208
13.5.5.7 Structure footprint 209
TABLE 184 RING MAIN UNIT MARKET: STRUCTURE FOOTPRINT 209
13.5.5.8 Region footprint 209
TABLE 185 RING MAIN UNIT MARKET: REGION FOOTPRINT 210
13.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 211
13.6.1 PROGRESSIVE COMPANIES 211
13.6.2 RESPONSIVE COMPANIES 211
13.6.3 DYNAMIC COMPANIES 211
13.6.4 STARTING BLOCKS 211
FIGURE 56 RING MAIN UNIT MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 212
13.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 213
13.6.5.1 Detailed list of key startups/SMEs 213
TABLE 186 RING MAIN UNIT MARKET: DETAILED LIST OF KEY STARTUPS/SMES 213
13.6.5.2 Competitive benchmarking of key startups/SMEs 213
TABLE 187 RING MAIN UNIT MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 213
13.7 COMPANY VALUATION AND FINANCIAL METRICS 214
FIGURE 57 FINANCIAL METRICS (EV/EBITDA), 2024 214
FIGURE 58 COMPANY VALUATION, 2024 214
13.8 BRAND/PRODUCT COMPARISON 215
FIGURE 59 PRODUCT/BRAND COMPARISON 215
13.9 COMPETITIVE SCENARIO AND TRENDS 215
13.9.1 PRODUCT LAUNCHES 216
TABLE 188 RING MAIN UNIT MARKET: PRODUCT LAUNCHES, APRIL 2020–FEBRUARY 2024 216
13.9.2 DEALS 216
TABLE 189 RING MAIN UNIT MARKET: DEALS, APRIL 2020–FEBRUARY 2024 216
13.9.3 OTHERS 217
TABLE 190 RING MAIN UNIT MARKET: OTHERS, APRIL 2020–FEBRUARY 2024 217