Global Ring Main Unit Market Report Size, Trends & Growth Opportunity, By Type (Gas-Insulated, Oil-Insulated, Air-Insulated, Solid Di-electric, Others), By Voltage (Up to 15kV, 15kV-25kV, Above 25kV), By Installation (Indoor, Outdoor), By Application (Distribution Utility, Industrial, Commercial & Residential) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) And Forecast Till 2030.
Global Ring Main Unit Market
The Global Ring Main Unit Market is predicted to rise from its estimated value of USD 2.18 billion in 2022 to USD 3.97 billion by 2030, at a CAGR of 6.44% from 2023 to 2030.
The Ring Main Unit (RMU) is a small piece of switchgear with a metal enclosure that is permanently sealed. A ring main unit combines a load break switch (LBS), an earth switch for load feeders, a vacuum circuit breaker with an associated disconnector, and an earth switch as an incomer and outgoing feeder.
Market Drivers
The electrical and electronics industry has seen significant technological advancements during the last ten years. The demand for remotely managed grids has been fueled by the growing reliance on electric power for various appliances and consumer devices. The use of smart grids has expanded due to the rise in demand for smart grid monitoring, control, and digital control. RMUS is required to support these newly installed smart grids. During the anticipated period, this aspect is anticipated to drive the market.
Market Restraints
RMUs are switchgear with a metal enclosure. It has a metering and protection system. They regulate circuits, isolate broken machinery, and safeguard the circuit against earth faults. RMUs have significant capital expenditures because of their benefits such as compact design, smart capabilities, safety and performance, and cost savings. The reduced economies of scale may also be to blame for the high initial costs of RMUs. The market growth rate is negatively impacted by the significant initial investment.
Market Segmentation
The Global Ring Main Unit Market is segmented into Type (Gas-Insulated, Oil-Insulated, Air-Insulated, Solid Di-electric, Others), Voltage (Up to 15kV, 15kV-25kV, Above 25kV), Installation (Indoor, Outdoor), Application (Distribution Utility, Industrial, Commercial & Residential) and Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa).
Regional Analysis
Due to the region's fast-rising urbanization rates, energy demand, and economic activity, Asia-Pacific is probably the ring main unit's largest market. Furthermore, the region's ring main unit market is anticipated to be driven by the nation's consistently rising demand for power supply. Due to their fast-expanding infrastructure, Asia-Pacific nations like China, India, and Indonesia are installing new compact substations as part of their current distribution systems to close the gap between their respective countries' energy demand and supply. At every end-user level, such advances are expected to employ many rings' main units.
Key Players
The Key Players in the Global Ring Main Unit Market are General Electric Company, Crompton Greaves, L&T Electrical and Automation, Lucy Electric, LSIS Co., TIEPCO, Schneider Electric SE, Siemens AG, ABB Ltd. and Eaton Corporation, PLC.
Market Taxonomy
Type
• Gas-Insulated
• Oil-Insulated
• Air-Insulated
• Solid Di-electric
• Others
Voltage
• Up to 15kV
• 15kV-25kV
• Above 25kV
Installation
• Indoor
• Outdoor
Applications
• Distribution Utility
• Industrial
• Commercial & Residential
Regional Outlook
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and South Africa
.
Global Ring Main Unit Market
1 Introduction
1.1 Objective the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Installations
3 Executive Summary
4 Ring Main Unit Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Ring Main Unit Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Ring Main Unit Market Share Analysis, By Type
5.3 Global Ring Main Unit Market Size and Forecast, By Type
5.3.1 Gas-Insulated, Oil-Insulated
5.3.2 Air-Insulated
5.3.3 Solid Di-electric
5.3.4 Others
6. Global Ring Main Unit Market, By Voltage
6.1. Y-o-Y Growth Comparison, By Voltage
6.2. Global Ring Main Unit Market Share Analysis, By Voltage
6.3 Global Ring Main Unit Market Size and Forecast, By Voltage
6.3.1 Up to 15kV
6.3.2 15kV-25kV
6.3.3 Above 25kV
7 Global Ring Main Unit Market, By Installation
7.1 Y-o-Y Growth Comparison, By Installation
7.2 Ring Main Unit Market Share Analysis, By Installation
7.3 Ring Main Unit Market Size and Forecast, By Installation
7.3.1 Indoor
7.3.2 Outdoor
8 Global Ring Main Unit Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Ring Main Unit Market Share Analysis, By Application
8.3 Ring Main Unit Market Size and Forecast, By Application
8.3.1 Distribution Utility
8.3.2 Industrial
8.3.3 Commercial & Residential
9 Global Ring Main Unit Market, By Region
9.1 Global Ring Main Unit Market Share Analysis, By Region
9.2 Global Ring Main Unit Market Size and Forecast, By Region
10 North America Ring Main Unit Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America Ring Main Unit Market Size and Forecast, By Type
10.3 North America Ring Main Unit Market Size and Forecast, By Voltage
10.4 North America Ring Main Unit Market Size and Forecast, By Installation
10.5 North America Ring Main Unit Market Size and Forecast, By Application
10.6 North America Ring Main Unit Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Ring Main Unit Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Ring Main Unit Market Share Analysis, By Type
11.3 Europe Ring Main Unit Market Size and Forecast, By Voltage
11.4 Europe Ring Main Unit Market Size and Forecast, By Installation
11.5 Europe Ring Main Unit Market Size and Forecast, By Application
11.6 Europe Ring Main Unit Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Ring Main Unit Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific Ring Main Unit Market Share Analysis, By Type
12.3 Asia Pacific Ring Main Unit Market Size and Forecast, By Voltage
12.4 Asia Pacific Ring Main Unit Market Size and Forecast, By Installation
12.5 Asia Pacific Ring Main Unit Market Size and Forecast, By Application
12.6 Asia Pacific Ring Main Unit Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13 Latin America Ring Main Unit Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America Ring Main Unit Market Share Analysis, By Type
13.3 Latin America Ring Main Unit Market Size and Forecast, By Voltage
13.4 Latin America Ring Main Unit Market Size and Forecast, By Installation
13.5 Latin America Ring Main Unit Market Size and Forecast, By Application
13.6 Latin America Ring Main Unit Market Size and Forecast, By Country
13.6.1. Brazil
13.6.2. Rest of Latin America
14 Middle East Ring Main Unit Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Middle East Ring Main Unit Market Share Analysis, By Type
14.3 Middle East Ring Main Unit Market Size and Forecast, By Voltage
14.4 North America Ring Main Unit Market Size and Forecast, By Installation
14.5 Middle East Ring Main Unit Market Size and Forecast, Application
14.6 Middle East Ring Main Unit Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.2. UAE
14.6.3. Egypt
14.6.4. Kuwait
14.6.5. South Africa
Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1. General Electric Company
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. Crompton Greaves
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. L&T Electrical and Automation
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Lucy Electric
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 LSIS Co
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 TIEPCO
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Schneider Electric SE
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Siemens AG
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 ABB Ltd
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Eaton Corporation, PLC
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
