Ring Main Unit Market is estimated to be US$ 6.5 Billion by 2032; Growing Demand for Electricity to Boost Market Growth

Ring Main Units (RMUs) are designed to provide fault protection, isolation, and control for medium voltage distribution networks. They help in the efficient and reliable distribution of electrical power to various consumers.  

The increasing demand for electricity, driven by urbanization, industrialization, and the electrification of various sectors, has led to the expansion of medium voltage distribution networks. Ring Main Unit Market play a crucial role in ensuring the efficient and reliable supply of electricity in these networks.  

The report “Ring Main Unit Market By Insulation Type (Air-Insulated, Gas-Insulated, Oil-Insulated, and Solid Dielectric), By Voltage Rating (15-25kV, Up to 15kV, and Above 25kV), By Installation (Indoor, and Outdoor), By Application (Transportation Infrastructure, Distribution Utilities, Commercial Buildings, and Industrial Application) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Highlights –

• In August 2022, Lucy India announced major 12kV RMU order. The first order of 8 Aegis 12kV Ring Main Units was launched, and the traditional Ganesha Pooja blessing was given along with it. Team members from every department participated in the celebration, which was held at the Lucy Electric India (Nasik) facility, and they were all thrilled to be a part of this new order. Following the ceremony, Parth Engineering and Projects, the company's channel partner, delivered the Aegis 12kV rollouts to a solar power plant in Gujarat.

Analyst View:

The RMU market has expanded as a result of infrastructure development initiatives including smart city and renewable energy installations. In these projects, managing the medium voltage distribution requires the use of RMUs. Grid resilience and dependability are being emphasized by utilities and power distribution firms. RMUs support these objectives by offering fault protection and network redundancy in ring arrangements.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Ring Main Unit Market, By Insulation Type (Air-Insulated, Gas-Insulated, Oil-Insulated, and Solid Dielectric), By Voltage Rating (15-25kV, Up to 15kV, and Above 25kV), By Installation (Indoor, and Outdoor), By Application (Transportation Infrastructure, Distribution Utilities, Commercial Buildings, and Industrial Application) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Ring Main Unit Market accounted for US$ 12.6 Billion in 2022 and is estimated to be US$ 47.6 Billion by 2032 and is anticipated to register a CAGR of 14.4%. Ring Main Unit Market is segmented based on Insulation Type, Voltage Rating, Installation, Application and Region.

• Based on Insulation Type, Ring Main Unit Market is segmented into Air-Insulated, Gas-Insulated, Oil-Insulated, and Solid Dielectric.
• Based on Voltage Rating, Ring Main Unit Market is segmented into 15-25kV, Up to 15kV, and Above 25kV.
• Based on Installation, Ring Main Unit Market is segmented into Indoor, and Outdoor.
• Based on Application, Ring Main Unit Market is segmented into Transportation Infrastructure, Distribution Utilities, Commercial Buildings, and Industrial Application.
• By Region, the Ring Main Unit Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Ring Main Unit Market:

The prominent players operating in the Ring Main Unit Market includes, Schneider Electric, Alfanar, ABB Ltd, Lucy Electric, Siemens, TIEPCO, ORMAZABAL, BVM Technologies Pvt. Ltd., ENTEC Electric & Electronic, and KONCAR Electrical Industry Inc.

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