Global ring main unit market is expected to grow at a significant rate during the forecast period. Continuous surge in demand for increasing capacity for electrification from residential as well as commercial spaces is aiding the global ring main unit market growth. Adoption of smart grids and automation of sub-stations in emerging economies is anticipated to fuel the growth for the global ring main unit market. Also, rural electrification process in developing countries is influencing the market growth for global ring main unit market. Rising expenditures by government to expand and install grid networks in regions is aiding the global ring main unit market growth. Increasing demand for upgradation of existing primary and secondary distributed networks is further aiding in the global ring main unit market. Rising concerns for energy security is also a contributing factor to surge the global ring main unit market. Shift in consumer preference towards renewable energy sources as an alternative to conventional energy resources is a major driver for the growth of the global ring main unit market. Benefits associated with renewable energy such as reduction in electricity bills and incentives provided are the other positive factors influencing the market for renewable energy sources. The major players operating in the global ring main unit market are ABB Ltd., Schneider Electric SE, Eaton Corporation Plc, Larsen & Toubro Limited, Siemens AG, C&S Electric Ltd., LS Electric Co., Ltd., Entec Electric & Electronic Co., Ltd, General Electric Company, EPE Switchgear (M) Sdn. Bhd., and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=7426 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/ring-main-unit-market/7426.html