The Ring Main Unit Market size was valued at USD 2.4 billion in 2022 and is expected to grow to USD 3.79 billion by 2030 and grow at a CAGR of 5.9% over the forecast period of 2023-2030.
The Ring Main Unit (RMU) is an essential component of modern power distribution systems. It is a compact and robust switchgear that is used to control and protect the power supply to various electrical equipment. The RMU is designed to provide reliable and safe operation in harsh environments, making it an ideal solution for both indoor and outdoor applications. The RMU consists of a ring of interconnected switches and fuses that are used to distribute power to different parts of the network. It is typically installed at the distribution substation or at the point of load, where it can be easily accessed for maintenance and repair. The RMU is designed to be modular, which means that it can be easily expanded or modified to meet changing requirements. One of the key advantages of the RMU is its ability to provide fault protection. In the event of a fault, the RMU can quickly isolate the affected section of the network, preventing damage to equipment and minimizing downtime. This is achieved through the use of advanced protection devices, such as circuit breakers and fuses, which are integrated into the RMU.
To Get More Information on Ring Main Unit Market - Request Sample Report
The Ring Main Unit Market is a rapidly growing industry that provides essential equipment for the distribution of electricity. Ring main units are essential components in the distribution of electricity, as they provide a safe and reliable means of controlling the flow of electricity. These units are used in a variety of applications, including residential, commercial, and industrial settings. The demand for ring main units is increasing due to the growing need for reliable and efficient power distribution systems. This has led to the development of new technologies and innovations in the ring main unit market, which are aimed at improving the efficiency and reliability of these units.
Drivers
Rise in urbanization and industrialization increases the demand for electricity
Rising demand for efficient and reliable power distribution systems
The ring main unit market is being propelled by a growing need for dependable and efficient power distribution systems. This demand is driven by the increasing use of renewable energy sources, the expansion of urban areas, and the need for more resilient power grids. The rise of renewable energy sources has led to a greater need for efficient power distribution systems that can handle fluctuations in energy supply. Additionally, as urban areas continue to grow and expand, there is a greater demand for reliable power distribution systems that can meet the needs of a larger population. Furthermore, the need for more resilient power grids has become increasingly important in the face of natural disasters and other disruptions. Ring main units, which are designed to provide a high level of reliability and flexibility, are an ideal solution for ensuring that power is distributed efficiently and effectively in these situations.
Restrain
High cost associated with Ring Main Units
The high cost of Ring Main Units serves as a significant obstacle to the growth of the market. This cost contains the cost of advanced technology and materials used in the manufacturing process. As a result, the initial investment required for Ring Main Units may be prohibitive for some potential buyers. Furthermore, the maintenance and repair costs associated with Ring Main Units can also be substantial. This is due to the complexity of the equipment and the need for specialized expertise to perform repairs and maintenance.
Opportunities
Increasing adoption of smart grid technology
Growing adoption of renewable energy sources
Challenges
Lack of awareness about their benefits
The Russian invasion of Ukraine affected various industries, including the ring main unit market. The ring main unit market has experienced a decline in demand due to the decrease in investments and infrastructure development in the affected regions. The uncertainty surrounding the conflict has also led to a decrease in consumer spending, resulting in a slowdown in the market. Furthermore, the sanctions imposed on Russia have affected the supply chain of the ring main unit market. Many companies that rely on Russian suppliers for raw materials and components have had to find alternative sources, resulting in increased costs and delays in production.
Impact of Recession:
One of the major effects of the recession on the ring main unit market is the decrease in investment in infrastructure projects. Furthermore, the recession has also led to an increase in competition in the ring main unit market. With fewer projects and customers to go around, manufacturers and suppliers have had to compete more aggressively for business. This has led to a decrease in prices, which has further impacted the profitability of the industry. More details are included in the final report.
By Insulation Type
Oil Insulated
Gas Insulated
Air Insulated
Solid Dielectric Material
Others
By Voltage
Up to 15 kV
15-25 kV
Above 25 kV
By Installation
Indoor
Outdoor
By Application
Industrial Application
Transportation Infrastructure
Distribution Utilities
Commercial Buildings
Do You Need any Customization Research on Ring Main Unit Market - Enquire Now
Asia Pacific dominated the ring main unit market in 2022 and is expected to show dominance during the forecast period. This growth is attributed to the region's growing population, increasing urbanization, and rising demand for reliable and efficient power distribution systems. Furthermore, the Asia Pacific region has witnessed significant investments in the development of smart grid infrastructure, which has further fueled the demand for ring main units. These units are essential components of modern power distribution systems, as they help to ensure the safe and efficient distribution of electricity to homes, businesses, and other facilities.
North America is expected to grow with the highest CAGR during the forecast period owing to a stable economy, technological advancements, and a growing population. Additionally, the region has a well-established infrastructure and a highly skilled workforce, which attracts businesses and investors.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major players are ABB Ltd., Schneider Electric, Eaton Corporation plc, Siemens AG, C&S Electric Limited, Wenzhou Rockwill Electric Co. Ltd., Lucy Group Ltd., Orecco Electric, Entec Electric & Electronic Co. Ltd., Ls Electric Co. Ltd., and other players
In April of 2021, Siemens Smart Infrastructure unveiled the 8DJH 24 switchgear, this ring main unit (RMU) is designed to handle line voltages of up to 24 kilovolts (kV). This innovative technology is completely free of fluorinated gases, making it an environmentally-friendly solution for power distribution.
Report Attributes | Details |
Market Size in 2022 | US$ 2.4 Bn |
Market Size by 2030 | US$ 3.79 Bn |
CAGR | CAGR of 5.9% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Insulation Type (Oil Insulated, Gas Insulated, Air Insulated, Solid Dielectric Material, and Others) • By Voltage (Up to 15 kV, 15-25 kV, and Above 25 kV) • By Installation (Indoor and Outdoor) • By Application (Industrial Application, Transportation Infrastructure, Distribution Utilities, and Commercial Buildings) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | ABB Ltd., Schneider Electric, Eaton Corporation plc, Siemens AG, C&S Electric Limited, Wenzhou Rockwill Electric Co. Ltd., Lucy Group Ltd., Orecco Electric, Entec Electric & Electronic Co. Ltd., Ls Electric Co. Ltd. |
Key Drivers | • Rise in urbanization and industrialization increases the demand for electricity • Rising demand for efficient and reliable power distribution systems |
Market Opportunities | • Increasing adoption of smart grid technologies • Growing adoption of renewable energy sources |
Ans: The expected CAGR of the global Ring Main Unit Market during the forecast period is 5.9%.
Ans: The market size of the Ring Main Unit Market is valued at USD 2.4 billion in 2022.
Ans: The major key players in the Ring Main Unit Market are ABB Ltd., Schneider Electric Se, Eaton Corporation plc, Siemens AG, C&S Electric Limited, Wenzhou Rockwill Electric Co. Ltd., Lucy Group Ltd., Orecco Electric, Entec Electric & Electronic Co. Ltd., and Ls Electric Co. Ltd.
Ans: Asia Pacific region contributes major to the Ring Main Unit Market.
Ans: Increasing adoption of smart grid technologies and the growing adoption of renewable energy sources are some of the opportunities for Ring Main Unit Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Ring Main Unit Market Segmentation, By Insulation Type
8.1 Oil Insulated
8.2 Gas Insulated
8.3 Air Insulated
8.4 Solid Dielectric Material
8.5 Others
9. Ring Main Unit Market Segmentation, By Voltage
9.1 Up to 15 kV
9.2 15-25 kV
9.3 Above 25 kV
10. Ring Main Unit Market Segmentation, By Installation
10.1 Indoor
10.2 Outdoor
11. Ring Main Unit Market Segmentation, By Application
11.1 Industrial Application
11.2 Transportation Infrastructure
11.3 Distribution Utilities
11.4 Commercial Buildings
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Ring Main Unit Market by Country
12.2.2North America Ring Main Unit Market by Insulation Type
12.2.3 North America Ring Main Unit Market by Voltage
12.2.4 North America Ring Main Unit Market by Installation
12.2.5 North America Ring Main Unit Market by Application
12.2.6 USA
12.2.6.1 USA Ring Main Unit Market by Insulation Type
12.2.6.2 USA Ring Main Unit Market by Voltage
12.2.6.3 USA Ring Main Unit Market by Installation
12.2.6.4 USA Ring Main Unit Market by Application
12.2.7 Canada
12.2.7.1 Canada Ring Main Unit Market by Insulation Type
12.2.7.2 Canada Ring Main Unit Market by Voltage
12.2.7.3 Canada Ring Main Unit Market by Installation
12.2.7.4 Canada Ring Main Unit Market by Application
12.2.8 Mexico
12.2.8.1 Mexico Ring Main Unit Market by Insulation Type
12.2.8.2 Mexico Ring Main Unit Market by Voltage
12.2.8.3 Mexico Ring Main Unit Market by Installation
12.2.8.4 Mexico Ring Main Unit Market by Application
12.3 Europe
12.3.1 Europe Ring Main Unit Market by Country
12.3.2 Europe Ring Main Unit Market by Insulation Type
12.3.3 Europe Ring Main Unit Market by Voltage
12.3.4 Europe Ring Main Unit Market by Installation
12.3.5 Europe Ring Main Unit Market by Application
12.3.6 Germany
12.3.6.1 Germany Ring Main Unit Market by Insulation Type
12.3.6.2 Germany Ring Main Unit Market by Voltage
12.3.6.3 Germany Ring Main Unit Market by Installation
12.3.6.4 Germany Ring Main Unit Market by Application
12.3.7 UK
12.3.7.1 UK Ring Main Unit Market by Insulation Type
12.3.7.2 UK Ring Main Unit Market by Voltage
12.3.7.3 UK Ring Main Unit Market by Installation
12.3.7.4 UK Ring Main Unit Market by Application
12.3.8 France
12.3.8.1 France Ring Main Unit Market by Insulation Type
12.3.8.2 France Ring Main Unit Market by Voltage
12.3.8.3 France Ring Main Unit Market by Installation
12.3.8.4 France Ring Main Unit Market by Application
12.3.9 Italy
12.3.9.1 Italy Ring Main Unit Market by Insulation Type
12.3.9.2 Italy Ring Main Unit Market by Voltage
12.3.9.3 Italy Ring Main Unit Market by Installation
12.3.9.4 Italy Ring Main Unit Market by Application
12.3.10 Spain
12.3.10.1 Spain Ring Main Unit Market by Insulation Type
12.3.10.2 Spain Ring Main Unit Market by Voltage
12.3.10.3 Spain Ring Main Unit Market by Installation
12.3.10.4 Spain Ring Main Unit Market by Application
12.3.11 The Netherlands
12.3.11.1 Netherlands Ring Main Unit Market by Insulation Type
12.3.11.2 Netherlands Ring Main Unit Market by Voltage
12.3.11.3 Netherlands Ring Main Unit Market by Installation
12.3.11.4 Netherlands Ring Main Unit Market by Application
12.3.12 Rest of Europe
12.3.12.1 Rest of Europe Ring Main Unit Market by Insulation Type
12.3.12.2 Rest of Europe Ring Main Unit Market by Voltage
12.3.12.3 Rest of Europe Ring Main Unit Market by Installation
12.3.12.4 Rest of Europe Ring Main Unit Market by Application
12.4 Asia-Pacific
12.4.1 Asia Pacific Ring Main Unit Market by Country
12.4.2 Asia Pacific Ring Main Unit Market by Insulation Type
12.4.3 Asia Pacific Ring Main Unit Market by Voltage
12.4.4Asia Pacific Ring Main Unit Market by Installation
12.4.5Asia Pacific Ring Main Unit Market by Application
12.4.6 Japan
12.4.6.1 Japan Ring Main Unit Market by Insulation Type
12.4.6.2 Japan Ring Main Unit Market by Voltage
12.4.6.3 Japan Ring Main Unit Market by Installation
12.4.6.4 Japan Ring Main Unit Market by Application
12.4.7 South Korea
12.4.7.1 South Korea Ring Main Unit Market by Insulation Type
12.4.7.2 South Korea Ring Main Unit Market by Voltage
12.4.7.3 South Korea Ring Main Unit Market by Installation
12.4.7.4 South Korea Ring Main Unit Market by Application
12.4.8 China
12.4.8.1 China Ring Main Unit Market by Insulation Type
12.4.8.2 China Ring Main Unit Market by Voltage
12.4.8.3 China Ring Main Unit Market by Installation
12.4.8.4 China Ring Main Unit Market by Application
12.4.9 India
12.4.9.1 India Ring Main Unit Market by Insulation Type
12.4.9.2 India Ring Main Unit Market by Voltage
12.4.9.3 India Ring Main Unit Market by Installation
12.4.9.4 India Ring Main Unit Market by Application
12.4.11 Australia
12.4.10.1 Australia Ring Main Unit Market by Insulation Type
12.4.10.2 Australia Ring Main Unit Market by Voltage
12.4.10.3 Australia Ring Main Unit Market by Installation
12.4.10.4 Australia Ring Main Unit Market by Application
12.4.11 Rest of Asia-Pacific
12.4.11.1 APAC Ring Main Unit Market by Insulation Type
12.4.11.2 APAC Ring Main Unit Market by Voltage
12.4.11.3 APAC Ring Main Unit Market by Installation
12.4.11.4 APAC Ring Main Unit Market by Application
12.5 The Middle East & Africa
12.5.1 The Middle East & Africa Ring Main Unit Market by Country
12.5.2 The Middle East & Africa Ring Main Unit Market by Insulation Type
12.5.3 The Middle East & Africa Ring Main Unit Market by Voltage
12.5.4The Middle East & Africa Ring Main Unit Market by Installation
12.5.5 The Middle East & Africa Ring Main Unit Market by Application
12.5.6 Israel
12.5.6.1 Israel Ring Main Unit Market by Insulation Type
12.5.6.2 Israel Ring Main Unit Market by Voltage
12.5.6.3 Israel Ring Main Unit Market by Installation
12.5.6.4 Israel Ring Main Unit Market by Application
12.5.7 UAE
12.5.7.1 UAE Ring Main Unit Market by Insulation Type
12.5.7.2 UAE Ring Main Unit Market by Voltage
12.5.7.3 UAE Ring Main Unit Market by Installation
12.5.7.4 UAE Ring Main Unit Market by Application
12.5.8South Africa
12.5.8.1 South Africa Ring Main Unit Market by Insulation Type
12.5.8.2 South Africa Ring Main Unit Market by Voltage
12.5.8.3 South Africa Ring Main Unit Market by Installation
12.5.8.4 South Africa Ring Main Unit Market by Application
12.5.9 Rest of Middle East & Africa
12.5.9.1 Rest of Middle East & Asia Ring Main Unit Market by Insulation Type
12.5.9.2 Rest of Middle East & Asia Ring Main Unit Market by Voltage
12.5.9.3 Rest of Middle East & Asia Ring Main Unit Market by Installation
12.5.9.4 Rest of Middle East & Asia Ring Main Unit Market by Application
12.6 Latin America
12.6.1 Latin America Ring Main Unit Market by Country
12.6.2 Latin America Ring Main Unit Market by Insulation Type
12.6.3 Latin America Ring Main Unit Market by Voltage
12.6.4 Latin America Ring Main Unit Market by Installation
12.6.5 Latin America Ring Main Unit Market by Application
12.6.6 Brazil
12.6.6.1 Brazil Ring Main Unit Market by Insulation Type
12.6.6.2 Brazil Africa Ring Main Unit Market by Voltage
12.6.6.3 Brazil Ring Main Unit Market by Installation
12.6.6.4 Brazil Ring Main Unit Market by Application
12.6.7 Argentina
12.6.7.1 Argentina Ring Main Unit Market by Insulation Type
12.6.7.2 Argentina Ring Main Unit Market by Voltage
12.6.7.3 Argentina Ring Main Unit Market by Installation
12.6.7.4 Argentina Ring Main Unit Market by Application
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Ring Main Unit Market by Insulation Type
12.6.8.2 Rest of Latin America Ring Main Unit Market by Voltage
12.6.8.3 Rest of Latin America Ring Main Unit Market by Installation
12.6.8.4 Rest of Latin America Ring Main Unit Market by Application
13 Company Profile
13.1 ABB Ltd.
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Schneider Electric
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Eaton Corporation plc
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Siemens AG
13.4.1 Market Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 C&S Electric Limited
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Wenzhou Rockwill Electric Co. Ltd.
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Lucy Group Ltd.
13.7.1 Market Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Orecco Electric
13.8.1 Market Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Entec Electric & Electronic Co. Ltd
13.9.1 Market Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Ls Electric Co. Ltd
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Oilfield Services Market size was valued at USD 139.69 billion in 2023 and is expected to grow to USD 200.03 billion by 2032 and grow at a CAGR of 4.07% over the forecast period of 2024-2032.
The Battery Contract Manufacturing Market size was valued at USD 4.6 billion in 2022 and is expected to grow to USD 14.90 billion by 2030 with an emerging CAGR of 15.8% over the forecast period of 2023-2030.
The Distributed Energy Generation Market size was valued at USD 311.22 billion in 2022 and is expected to grow to USD 743.47 billion by 2030 and grow at a CAGR of 11.5 % over the forecast period of 2023-2030.
The Microgrid Market size was valued at USD 32.10 billion in 2023 and is expected to grow to USD 128.33 billion by 2031 and grow at a CAGR of 18.91 % over the forecast period of 2024-2031.
The Green Hydrogen Market size was valued at USD 1.0 billion in 2023 and is expected to reach over USD 49.8 billion by 2031 with a growing CAGR of 63% over the forecast period of 2024-2031.
The Industrial Separator Market size was USD 11.39 billion in 2023 and is expected to reach USD 27.30 billion by 2032, growing at a CAGR of 10.2% over the forecast period of 2024-2032.
Hi! Click one of our member below to chat on Phone