Ring Main Unit Market Highlights
Ring Main Unit Market is projected to be worth USD 4011.81 Million, registering a CAGR of 9.3% during the forecast period (2022 - 2030).
Ring main unit (RMU) is used in a secondary distribution system. It is basically used for an uninterrupted supply of power. It is used for medium voltage distribution in compact substations, small buildings, residential housing complex etc. Rapid urbanization and smart city initiatives are driving the demand of ring main unit market.
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Scope of the Report
This study provides an overview of the global ring main unit market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global ring main unit market as type, installation, and application.
By Type
- Oil Insulated,
- Gas Insulated
- Air Insulated
- Solid Dielectric
By Installation
- Indoor
- Outdoor
By Application
- Distribution Utilities
- Industrial
- Commercial
Market Research Analysis
On the basis of regions, the global ring main unit market is segmented as North America, Europe, Asia-Pacific and RoW. Asia-Pacific region dominates the ring main unit market. The demand of ring main unit market in Asia-Pacific region is driven by rapid growth in industrialization, urbanization, and construction infrastructure activities as well as it is driven by the growing renewable sector in the region.
Europe and North America is also expected to contribute significantly to the global ring main unit market. Upgradation of existing power infrastructure network is driving the demand of ring main unit in these regions.
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Key Players
The key players of global ring main unit market are ABB Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), General Electric Company (U.S.), Lucy Electric Limited (U.K.), LT (India), Yokogawa Electric Corporation (Japan), SwitchGear Company (Belgium) and EPE Switchgear (M) Sdn. Bhd. (Malaysia).
