Ring main units are switching devices that are mostly employed in the ring circuits of secondary distribution networks. These devices ensure the maximized protection of circuits and other equipment connected to them. The main advantage of ring main units is that they are connected to multiple power sources for uninterrupted power supply. These devices are available with various insulating media, subject to demand from consumers.

An overview of the prevailing competitive scenario within the ring main unit market. As part of this, a market share ranking has been provided on the basis of revenue generated by key companies in the ring main unit market. Beyond this, a benchmarking of the strategies adopted by the key market players within the ring main unit market has been provided in recent years. The companies in the ring main unit adopted both organic and inorganic strategies to gain market share and enhance its revenue pockets.

Vendors who fall into this category generally receive high scores for most evaluation criteria. They have strong and established product portfolio and have a very strong market presence. They also have strong business strategies.

They are established vendors with very strong business strategies. However, they are low in product portfolio. They generally focus on a specific type of technology related to the product.

Innovators in the Vendor DIVE Matrix are vendors that have demonstrated substantial product innovations as compared to their competitors. They should have very focused product portfolio. However, they do not have very strong growth strategy for their overall business.

They are vendors with niche product offering and are starting to gain their position in the market. They do not have much strong business strategies as compared to other established vendors. They might be new entrants in the market and require some more time before getting significant traction in the market. Growing industrialization, modernization of existing power infrastructure, and capacity additions are driving the growth of the ring main unit market. The use of ring main units is an effective alternative to conventional switchgears, leading to reliable T&D networks. The ring main unit market has huge growth potential and is currently booming in the power sector. In this report, the ring main unit market has been segmented based on its application into distribution utilities, industries, and infrastructure and transportation. Ring main units are used extensively to prevent damages to critical instruments. Distribution utilities depend on automatic systems to monitor, control, and protect their instruments and networks. The equipment that provide metering, measuring, and uninterrupted power supply are in high demand, with distribution utilities worldwide looking to add intelligence to their substations. However, they also need to ensure compatibility between these relays with the existing systems. Hence, ring main units are vital for maintaining stability of a grid system. Moreover, these solutions aid distribution utilities in integrating distributed generation with the central grid. Industries that employ ring main units include power generation, oil & gas, mining, and manufacturing and assembly plants of industries such as plastics, paper, copper, and waste treatment, among others. Uninterrupted power delivery to machineries is crucial to carry out operations in any industry. A breakdown of any sort can result in huge losses, owing to an increase in the non-productive time. Ring main units are used in industries to prevent damages to expensive instruments caused by overload and higher temperature, jams and undercurrent, current and voltage unbalance, overcurrent, phase loss, phase reverse, and high-resistance winding faults. Ring main units are specialized switchgears comprising switches that help in protecting the secondary circuits along with maintaining uninterrupted power supply. These ring main units not only protect expensive instruments, but also help in maximizing their efficiency and life. Meanwhile, companies are presently focusing on integrating solar and wind plants with ring main unit-enabled power grids for operational efficiency. Increasing focus on renewable power generation in high-growth regions, such as Asia-Pacific, is likely to enhance the growth of the ring main unit market. The infrastructure and transportation segment includes the usage of ring main units for smart distribution networks, such as smart cities and transportation vehicles. Smart cities are connected to the central monitoring system and offer better service to consumers in terms of safe and efficient power supply. Ring main units are also used to reduce the usage of circular distribution network, thereby, reducing the usage of cable and lines. In the transportation sector, ring main units are used for railway vehicles. Moreover, these solutions are used to control and monitor engines and for applications such as emergency and auxiliary generators.