Industry Background:
Ring Main Unit (RMU) is a totally sealed gas-insulated compact switchgear unit. The primary switching devices can be either switch disconnectors or fused switch disconnectors or circuit breakers. It is used for medium voltage distribution in compact substations, small buildings, residential housing complex, large shopping malls, airports, wind power, etc. comprising medium voltage networks.
The Global Ring Main Unit market presents a comprehensive analysis of the Ring Main Unit market by product type (Gas Insulated Ring Main Unit , Air Insulated Ring Main Unit , Oil Insulated Ring Main Unit and Solid Dielectric Insulated Ring Main Unit), by end-user/application (Distribution Utilities , Industries and Infrastructure and Transportation), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Manufacturers profiled in the report are ABB (Switzerland), Schneider Electric SE (France), Eaton Corporation (Ireland), Siemens AG (Germany), General Electric Company (United States), Lucy Group Ltd (United Kingdom), Larsen & Toubro Limited (India), Ormazabal Electric, S.L.U.( Bizkaia), Tiepco (Saudi Arabia), Crompton Greaves Ltd (India), LS Industrial Systems Co., Ltd. (South Korea) and C&S Electric Limited (India).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | ABB (Switzerland), Schneider Electric SE (France), Eaton Corporation (Ireland), Siemens AG (Germany), General Electric Company (United States), Lucy Group Ltd (United Kingdom), Larsen & Toubro Limited (India), Ormazabal Electric, S.L.U.( Bizkaia), Tiepco (Saudi Arabia), Crompton Greaves Ltd (India), LS Industrial Systems Co., Ltd. (South Korea) and C&S Electric Limited (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Use of Ring Main Unit in Wind power and solar power plants
Market Growth Drivers:
Modernization of Existing Power Infrastructure with Ring Main Unit and Capacity Addition and Enhancement Plans for Distribution Networks
Challenges:
Low-Quality Counterfeits of Ring Main Unit
Restraints:
High Cost of Ring Main Unit Compared to Conventional Switchgears
Opportunities:
Developing Renewable Sector using Ring Main Unit and Adoption of Smart Distribution Networks
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Ring Main Unit industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest.
The Installation, such as Installation, is boosting the Ring Main Unit market and is anticipated to experience a steady growth during the forecast period.
The Position, such as 3-position, is boosting the Ring Main Unit market and is anticipated to experience a steady growth during the forecast period.
The Component, such as Switch and Fuses, is boosting the Ring Main Unit market and is anticipated to experience a steady growth during the forecast period.
In Ring Main Unit Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)