Ring Main Unit Market by Type (Air Insulated, Gas Insulated, Oil Insulated), Installation (Indoor, Outdoor), Voltage Rating, Application - Global Forecast 2024-2030

Ring Main Unit Market by Type (Air Insulated, Gas Insulated, Oil Insulated), Installation (Indoor, Outdoor), Voltage Rating, Application - Global Forecast 2024-2030

The Ring Main Unit Market size was estimated at USD 2.83 billion in 2023 and expected to reach USD 3.07 billion in 2024, at a CAGR 8.65% to reach USD 5.06 billion by 2030.

Ring main units are electrical devices used for power distribution in medium-voltage networks. These units are vital connection points in electrical distribution systems that ensure reliable and efficient energy management. Ring main units function as secondary switchgear within power distribution networks, and they enable an uninterrupted power supply by interconnecting multiple feeders through a closed-loop system. The primary applications of RMUs include transformer substations and distribution substations to facilitate reliable electricity supply to end users. An increase in transmission & distribution network expansion with growing urbanization and industrialization is the primary factor accelerating the use of ring main units. Rising investments in renewable energy generation projects such as solar parks or wind farms require efficient grid connections enabled by RMUs. However, high initial investments & installation costs associated with ring main units and the potential risk of gas leakages from gas-insulated switchgear (GIS) leading to environmental concerns limit the product penetration. Market players are working on deploying products focused on economies of scale production and are integrating advanced technologies such as automation & IoT in smart grids to enable better network monitoring & control. Recently, the market has also seen opportunities for the expansion of customized and modular RMU solutions that can adapt to different applications, environments, and power requirements.

Regional Insights

The ring main unit (RMU) market in the Americas is advanced, driven by the availability of high-quality products by established companies to meet the evolving requirements of the smart grid infrastructure and renewable energy integration. Manufacturers in the region leverage innovative technologies such as IoT-based monitoring systems, advanced circuit breaker designs, and compact modular RMUs while forming strategic partnerships with local companies and investing in research & development activities. Asia is experiencing rapid urbanization and industrialization trends, driving strong demand for RMUs. Emerging economies such as China and India are aggressively investing in power distribution infrastructure development to meet their growing energy needs, and initiatives promoting renewable energy integration into the grid have resulted in increased demand for RMUs in countries including Japan and South Korea. Europe has a mature and well-established power distribution infrastructure; however, there is an increasing emphasis on integrating renewable energy sources into the grid to reduce carbon emissions. This has led to growth in demand for RMUs for projects such as smart grids and microgrids.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Ring Main Unit Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing focus on improving electrical power distribution system for rising demand of electricity globally
Rising establishment of the smart grids and renewable energy-based capacity

Market Restraints

High costs associated with ring main units (RMUs)

Market Opportunities

Government designed standards for manufacturing ring main units (RMUs)
Rising investment towards development of new energy distribution network

Market Challenges

Operational and maintenance issues associated with the ring main units

Market Segmentation Analysis

Type: Solid dielectric RMUs increased safety for personnel, as well as low total life cycle costs
Installation: Significant benefits of outdoor RMUs to endure harsh weather conditions
Voltage Rating: Higher deployment of 15 kV units suitable for localized distribution and consumer-level usage
Application: Growing demand for RMUs in industrial applications for durability and maintenance simplicity in rugged conditions

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Ring Main Unit Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Ring Main Unit Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

ABB to launch an array of products and solutions at ELECRAMA 2023

ABB India launched innovations from its two businesses – Electrification and Motion – at ELECRAMA 2023. The products include the ConVac vacuum contactor, SafePlus 36kV SF6-insulated secondary switchgear, SafePlus Air 12kV GIS, EV Charging Solutions, Terra AC Wall Box Charger, Terra 360 multi-charger, and PrimeGear ZX0 switchgear. These cutting-edge equipment provide safe, intelligent, and sustainable electrification solutions that adhere to open protocols and universal internet standards. Designed with reliability in mind, these products are well-suited to meet customers' ESG demands.

Schneider Electric launches green switchgear range

Schneider Electric introduced its new digital medium voltage switchgear range, known as SM AirSeT, in the local market. This product is an upgraded version of the highly acclaimed SM6 range, focusing on sustainability by utilizing pure air and vacuum interruption instead of SF6 gas. The key feature of SM AirSeT is the implementation of shunt vacuum interruption (SVI) technology, which combines pure air insulation.

Enel to Provide Reliable and Sustainable Electricity across its Networks with world’s first 24kV SF6-free GIS Ring Main Units

Enel Global Infrastructure & Networks is making significant strides toward achieving a more sustainable power grid by deploying ABB's innovative SF6-free Ring Main Unit (RMU) in secondary substations throughout Italy and Spain. These SF6-free RMUs exhibit the same footprint, safety, and reliability as traditional SF6 solutions while also boasting minimal global warming potential. In a pilot project featuring 20 ABB SafePlus AirPlus Medium Voltage (MV) RMUs, personnel safety will be enhanced, and maintenance costs will be reduced.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Ring Main Unit Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Ring Main Unit Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Al Hamad Industries Int’L F.Z.E, Alfanar Group, BVM Technologies Pvt. Ltd., China Transpowers Electric Co., Limited, Eaton Corporation PLC, Entec Electric & Electronic, EPE Malyasia, Gedac Electric, General Electric Company, Holley Technology Ltd., Indkom Engineering Sdn. Bhd, Larsen & Toubro Ltd, LS Electric Co., Ltd., Lucy Group Ltd., Natus GmbH & Co. KG, Orecco Electric, Ormazabal, Rockwill Electric Group, Schneider Electric SE, Shinsung Industrial Electric Co., Ltd., Siemens AG, Sigma Electric Co., TIEPCO, and Yueqing Liyond Electric Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Ring Main Unit Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Air Insulated
Gas Insulated
Oil Insulated
Solid Dielectric Material
Installation
Indoor
Outdoor
Voltage Rating
16–25 kV
Above 25 kV
Up to 15 kV
Application
Commercial
Industrial
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year