Ring Main Unit Market
Ring Main Unit Market Forecasts to 2030 - Global Analysis By Type (Gas-Insulated, Air-Insulated and Solid-Insulated), Installation, Voltage Rating, Component, Application, End User and By Geography
According to Stratistics MRC, the Global Ring Main Unit Market is accounted for $2.5 billion in 2024 and is expected to reach $3.9 billion by 2030 growing at a CAGR of 7.7% during the forecast period. A Ring Main Unit (RMU) is a compact, enclosed unit used in electricity distribution networks to control and protect power distribution. It consists of switchgear components such as circuit breakers, isolators, and earthing switches housed in a single enclosure. RMUs are commonly used in urban areas and industrial complexes where space is limited, offering efficient distribution and reliable fault protection. They facilitate quick restoration of power supply by isolating faulty sections and rerouting power through alternate paths in the ring network. RMUs enhance grid reliability, reduce maintenance costs, and improve operational flexibility in medium voltage power distribution systems.
According to the IRENA’s (International Renewable Energy Agency) Projected Costs of Generating Electricity 2020, the Levelized Cost of Electricity Generation (LCOE) using various energy sources of different world regions was studied.
Market Dynamics:
Driver:
Increasing demand for reliable power supply
Ring main units play a critical role in electricity distribution networks by enhancing reliability and minimizing downtime through efficient fault detection and isolation capabilities. As industries and communities prioritize uninterrupted power supply for operations and daily life, utilities invest in upgrading and expanding distribution networks with advanced RMUs. These units enable faster restoration of power in case of faults, reduce maintenance costs, and support grid stability.
Restraint:
Stringent regulations on SF6 gas
Stringent regulations on SF6 gas aimed at reducing environmental impact, drive manufacturers to seek alternatives, increasing R&D costs and complicating product development. The phase-out of SF6 gas affects RMU performance, requiring new technologies and materials that may not match SF6’s efficiency and insulation properties. This transition can lead to higher production costs and longer development timelines, potentially slowing market growth.
Opportunity:
Aging grid infrastructure
As existing grids deteriorate, there is a heightened need for modernization and upgrading to improve reliability and efficiency. RMUs play a crucial role in this process by replacing outdated equipment with advanced technologies that enhance distribution network performance and resilience. However, the retrofitting and replacement of aging infrastructure require substantial investments and coordination with utilities and regulators. This creates a market demand for innovative RMUs that integrate seamlessly with existing systems while meeting modern standards for safety, reliability, and sustainability in electricity distribution.
Threat:
Limited interoperability
Limited interoperability complicates system integration and maintenance for utilities and operators, leading to higher costs and operational inefficiencies. It also limits flexibility in network upgrades and expansions, as RMUs from different vendors may not communicate or operate seamlessly together. Moreover, it constrains technological advancements and innovation within the RMU market, as standardization and compatibility issues slow down the adoption of new features and functionalities.
Covid-19 Impact
The Covid-19 pandemic impacted the Ring Main Unit (RMU) market with varying effects across regions and sectors. Initially, disruptions in supply chains and manufacturing halted production, causing delays in project timelines. However, increased emphasis on renewable energy and grid modernization initiatives boosted demand for RMUs, particularly in utilities and renewable energy projects. Remote work trends accelerated the adoption of digital RMU solutions, enhancing monitoring and maintenance capabilities.
The gas-insulated segment is expected to be the largest during the forecast period
The gas-insulated is expected to be the largest during the forecast period as Gas-insulated ring main units are a key component of modern power distribution systems, offering several benefits and catering to specific requirements. Gas-insulated ring main units employ sulfur hexafluoride (SF6) gas as an insulating medium, which enables compact and robust design. This compactness is a significant advantage, as it allows for installations in confined spaces, such as underground substations or densely populated urban areas, where space is limited. The use of SF6 gas also enhances the dielectric properties of the ring main unit, contributing to its efficient performance.
The substations segment is expected to have the highest CAGR during the forecast period
The substations segment is expected to have the highest CAGR during the forecast period as they are used in residential neighborhoods to ensure homes receive reliable electricity, in commercial areas to power businesses and services, and in industrial settings to support manufacturing processes and heavy machinery. They are also employed in critical infrastructure, such as hospitals and data centers, where uninterrupted power supply is essential for public safety and data integrity.
Region with largest share:
North America is projected to hold the largest market share during the forecast period as RMUs play a crucial role in enhancing the reliability and efficiency of electricity distribution networks across sectors such as utilities, industrial, and commercial. Factors such as increasing demand for reliable power supply, integration of renewable energy sources, and regulatory emphasis on grid resilience propel market growth. Key players focus on technological advancements like smart grid integration, cybersecurity, and sustainable practices.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period owing to rapidly growing economic and industrial hub, Asia Pacific's demand for reliable and efficient power distribution infrastructure has driven the expansion of the ring main unit market in the region. As cities expand and industries flourish, the need for effective and resilient medium-voltage distribution networks has surged. Ring main units, with their compact design and enhanced protection capabilities, are well-suited to meet these demands, particularly in densely populated urban areas where space is at a premium.
Key players in the market
Some of the key players in Ring Main Unit market include ABB Ltd., Alfanar Group, C&S Electric Ltd., Crompton Greaves, Eaton Corporation PLC, Entec Electric & Electronic Co., Ltd, EPE Switchgear (M) Sdn. Bhd., General Electric Company, Hager Group, Havells India Ltd, Larsen & Toubro Limited, Legrand SA, LS Electric Co., Ltd., Lucy Electric, Ormazabal, Schneider Electric SE, Siemens AG and TIEPCO
Key Developments:
In June 2024, ABB's integrated technology will stabilize the power grid as Spanish islands transition to green energy. With this project, Red Eléctrica advances the execution of its Network Development Plan 2021–2026, which will allow the integration of 67 percent renewable energy into the generation mix
In June 2024, ABB launches next-generation Robotics control platform OmniCore. Unique, single control architecture integrates ABB Robotics’ complete range of hardware and software
In June 2024, E Vernova Inc. and Seatrium Limited announced that, they have been awarded a third contract by TenneT TSO B.V. (TenneT) for the construction of a 2-gigawatt (GW) High Voltage Direct Current (HVDC) electric offshore transmission system in the Netherlands.
Types Covered:
• Gas-Insulated
• Air-Insulated
• Solid-Insulated
Installations Covered:
• Indoor
• Outdoor
Voltage Ratings Covered:
• Up to 15 kV
• 16-25 kV
• Above 25 kV
Components Covered:
• Switch
• Circuit Breaker
• Fuses
• Busbars
• Other Components
Applications Covered:
• Electricity Distribution Networks
• Substations
• Manufacturing Plants
• Transportation Infrastructure
• Commercial Buildings
• Wind Farms
• Solar Power Plants
• Rural Electrification
• Data Centers
• Other Applications
End Users Covered:
• Renewable Energy
• Residential
• Commercial
• Healthcare
• Government and Public Services
• Mining and Oil & Gas
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Ring Main Unit Market, By Type
5.1 Introduction
5.2 Gas-Insulated
5.3 Air-Insulated
5.4 Solid-Insulated
6 Global Ring Main Unit Market, By Installation
6.1 Introduction
6.2 Indoor
6.3 Outdoor
7 Global Ring Main Unit Market, By Voltage Rating
7.1 Introduction
7.2 Up to 15 kV
7.3 16-25 kV
7.4 Above 25 kV
8 Global Ring Main Unit Market, By Component
8.1 Introduction
8.2 Switch
8.3 Circuit Breaker
8.4 Fuses
8.5 Busbars
8.6 Other Components
9 Global Ring Main Unit Market, By Application
9.1 Introduction
9.2 Electricity Distribution Networks
9.3 Substations
9.4 Manufacturing Plants
9.5 Transportation Infrastructure
9.6 Commercial Buildings
9.7 Wind Farms
9.8 Solar Power Plants
9.9 Rural Electrification
9.10 Data Centers
9.11 Other Applications
10 Global Ring Main Unit Market, By End User
10.1 Introduction
10.2 Renewable Energy
10.3 Residential
10.4 Commercial
10.5 Healthcare
10.6 Government and Public Services
10.7 Mining and Oil & Gas
10.8 Other End Users
11 Global Ring Main Unit Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 ABB Ltd.
13.2 Alfanar Group
13.3 C&S Electric Ltd.
13.4 Crompton Greaves
13.5 Eaton Corporation PLC
13.6 Entec Electric & Electronic Co., Ltd
13.7 EPE Switchgear (M) Sdn. Bhd.
13.8 General Electric Company
13.9 Hager Group
13.10 Havells India Ltd
13.11 Larsen & Toubro Limited
13.12 Legrand SA
13.13 LS Electric Co., Ltd.
13.14 Lucy Electric
13.15 Ormazabal
13.16 Schneider Electric SE
13.17 Siemens AG
13.18 TIEPCO
List of Tables
1 Global Ring Main Unit Market Outlook, By Region (2022-2030) ($MN)
2 Global Ring Main Unit Market Outlook, By Type (2022-2030) ($MN)
3 Global Ring Main Unit Market Outlook, By Gas-Insulated (2022-2030) ($MN)
4 Global Ring Main Unit Market Outlook, By Air-Insulated (2022-2030) ($MN)
5 Global Ring Main Unit Market Outlook, By Solid-Insulated (2022-2030) ($MN)
6 Global Ring Main Unit Market Outlook, By Installation (2022-2030) ($MN)
7 Global Ring Main Unit Market Outlook, By Indoor (2022-2030) ($MN)
8 Global Ring Main Unit Market Outlook, By Outdoor (2022-2030) ($MN)
9 Global Ring Main Unit Market Outlook, By Voltage Rating (2022-2030) ($MN)
10 Global Ring Main Unit Market Outlook, By Up to 15 kV (2022-2030) ($MN)
11 Global Ring Main Unit Market Outlook, By 16-25 kV (2022-2030) ($MN)
12 Global Ring Main Unit Market Outlook, By Above 25 kV (2022-2030) ($MN)
13 Global Ring Main Unit Market Outlook, By Component (2022-2030) ($MN)
14 Global Ring Main Unit Market Outlook, By Switch (2022-2030) ($MN)
15 Global Ring Main Unit Market Outlook, By Circuit Breaker (2022-2030) ($MN)
16 Global Ring Main Unit Market Outlook, By Fuses (2022-2030) ($MN)
17 Global Ring Main Unit Market Outlook, By Busbars (2022-2030) ($MN)
18 Global Ring Main Unit Market Outlook, By Other Components (2022-2030) ($MN)
19 Global Ring Main Unit Market Outlook, By Application (2022-2030) ($MN)
20 Global Ring Main Unit Market Outlook, By Electricity Distribution Networks (2022-2030) ($MN)
21 Global Ring Main Unit Market Outlook, By Substations (2022-2030) ($MN)
22 Global Ring Main Unit Market Outlook, By Manufacturing Plants (2022-2030) ($MN)
23 Global Ring Main Unit Market Outlook, By Transportation Infrastructure (2022-2030) ($MN)
24 Global Ring Main Unit Market Outlook, By Commercial Buildings (2022-2030) ($MN)
25 Global Ring Main Unit Market Outlook, By Wind Farms (2022-2030) ($MN)
26 Global Ring Main Unit Market Outlook, By Solar Power Plants (2022-2030) ($MN)
27 Global Ring Main Unit Market Outlook, By Rural Electrification (2022-2030) ($MN)
28 Global Ring Main Unit Market Outlook, By Data Centers (2022-2030) ($MN)
29 Global Ring Main Unit Market Outlook, By Other Applications (2022-2030) ($MN)
30 Global Ring Main Unit Market Outlook, By End User (2022-2030) ($MN)
31 Global Ring Main Unit Market Outlook, By Renewable Energy (2022-2030) ($MN)
32 Global Ring Main Unit Market Outlook, By Residential (2022-2030) ($MN)
33 Global Ring Main Unit Market Outlook, By Commercial (2022-2030) ($MN)
34 Global Ring Main Unit Market Outlook, By Healthcare (2022-2030) ($MN)
35 Global Ring Main Unit Market Outlook, By Government and Public Services (2022-2030) ($MN)
36 Global Ring Main Unit Market Outlook, By Mining and Oil & Gas (2022-2030) ($MN)
37 Global Ring Main Unit Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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