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"The global plastic dielectric films market size is expected to reach USD 1.39 billion by 2025 registering a CAGR of 3.6% over the forecast period. The market is anticipated to be driven by growing product demand from renewable energy system and electrical and electronics industry in the Asia Pacific (APAC). The product is widely used as an insulating material in various electrical and electronics applications. ​ Presence of major electrical and electronics manufacturing companies, such as Toshiba, Samsung, and Sony, in the region is also propelling the product demand. Companies from Northeast Asian countries, such as China, India, and Japan, are pushing to grow in key sectors pertaining to raw material extraction, manufacturing, and services. Since the past few years, the manufacturing industry in APAC has been attracting significant investments from leading MNCs, which is contributing to the market growth. These films provide low thermal resistance, high-pressure resistance, minimal application pressure, resistance of hazardous substance compliance (RoHS), thereby augmenting their demand in applications, such as smartphones, tablets, smart wearables, and smart home appliance. Polypropylene (PP) is one of the prominent product type segments. PP dielectric films have properties, such as high breakdown strength, high insulation resistance, low dissipation factor, and low dielectric absorption. "

According to the new market research report "Ring Main Unit Market by Type (Gas, Air, Oil, and Solid Dielectric), Installation (Outdoor and Indoor), Application (Distribution Utilities, Industries, and Infrastructure & Transportation), and by Region - Global Forecast to 2022″, the ring main unit market is expected to grow at a CAGR of 8.35% in 2017to reach a market size of USD 2.45 billion by 2022. The ability of a ring main unit to provide uninterrupted power supply, operational safety, protection, reduced cable length, and the feature of being controlled remotely through Supervisory Control and Data Acquisition (SCADA), have increased its deployment. Modernization of power infrastructure and capacity additions have increased the usage of ring main units. These are the major drivers of the ring main unit market.

The report "Instrument Transformers Market by Type (Current, Potential, and Combined Instrument Transformers), Enclosure Type (Indoor and Outdoor), Dielectric Medium (Solid, Liquid, and SF6 Gas), Voltage, Application, End-User, and Region - Global Forecast to 2022″, The instrument transformers market is expected to grow from an estimated USD 7.32 Billion in 2017 to USD 9.06 Billion by 2022, registering a CAGR of 4.35% during the forecast period. This growth is primarily due to the increasing emphasis on alternative energy production, refurbishment of aging infrastructure, and huge investments in smart grids and energy systems across the world.

Major players operating in the instrument transformers market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), and GE (US). Instrument Transformers Market by Type (Current, Potential, and Combined Instrument Transformers), Enclosure Type (Indoor and Outdoor), Dielectric Medium (Solid, Liquid, and SF6 Gas), Voltage, Application, End-User, and Region

The global ring main unit market size is projected to reach USD 2.5 billion by 2025 from an estimated value of USD 1.6 billion in 2020, at a CAGR of 9.3% during the forecast period. Ring Main Unit Market by Type (Gas, Air, Oil, and Solid Dielectric), Installation (Outdoor, and Indoor), Application (Distribution Utilities, Industries, and Infrastructure & Transportation), Voltage Rating, and Region

According to the new market research report "Ring Main Unit Market by Type (Gas, Air, Oil, and Solid Dielectric), Installation (Outdoor, and Indoor), Application (Distribution Utilities, Industries, and Infrastructure & Transportation), Voltage Rating, and Region-Global Forecast to 2025″, The global ring main unit market is expected to reach USD 2.5 billion by 2025 from an estimated value of USD 1.6 billion in 2020, at a CAGR of 9.3%. Capacity additions, increasing electricity demand, and industrialization projects in countries such as China, Japan, India, and South Korea are the main reasons spurring the growth of the ring main unit market. In India, factors such as rural electrification, adoption of smart grids, and substation automation projects are increasing the demand for ring main units. Due to the COVID-19 outbreak, the US has a negative growth rate of -2.45% in the manufacturing sector compared to -3.25% of China. India, Japan, and Europe registered a negative growth of -3.98%, 2.77%, and -2.89%, respectively, in their manufacturing sectors.

Recloser Market is expected to reach USD 1.5 billion by 2030 from USD 1.1 billion in 2024 at a CAGR of 5.0% during the forecast period according to a new report by MarketsandMarkets™. The Recloser Market is experiencing a surge driven by a confluence of factors. Aging grid infrastructure across the globe necessitates upgrades for improved reliability and to prevent outages. Reclosers offer a cost-effective solution for enhancing protection in specific sections of the power grid. Additionally, the focus on grid modernization aligns perfectly with the capabilities of reclosers. These automated devices provide fault isolation and protection, contributing to a more efficient and reliable grid. Furthermore, the increasing penetration of renewable energy sources like solar and wind requires robust grid integration solutions. Reclosers can effectively manage the inherent variability of renewable generation and ensure overall grid stability. Finally, a growing emphasis on environmental considerations is pushing the market towards sustainable recloser technologies. Solid dielectric reclosers, for instance, are gaining traction due to their eco-friendly nature, shaping the future of the Recloser Market.

The market growth for ring main units can be attributed to the increasing capacity additions and enhancement plans for distribution networks and modernization of existing power infrastructure. A ring main unit is considered as an all-in-one solution that is easy to install and maintenance-free. Various industries are witnessing a general shift toward the adoption of ring main units as it enhances the uptime and reliability of power supply. It can also be fitted or integrated with intelligent electronic devices. Due to its smart capabilities, it is highly demanded in the market. In addition, the global focus on renewable power generation is expected to present numerous growth opportunities for the growth of the ring main unit market.