Global Ring Main Unit (RMU) Market Size study & Forecast, by Type (Gas Insulated, Air Insulated, Oil Insulated, and Solid Dielectric Material), Installation (Outdoor and Indoor) and Application (Industrial, and Infrastructure) and Regional Analysis, 2022-

Global Ring Main Unit (RMU) Market Size study & Forecast, by Type (Gas Insulated, Air Insulated, Oil Insulated, and Solid Dielectric Material), Installation (Outdoor and Indoor) and Application (Industrial, and Infrastructure) and Regional Analysis, 2022-2029

Global Ring Main Unit (RMU) Market is valued approximately USD 1.75 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.3% over the forecast period 2022-2029. Ring Main Unit (RMU) is a gas insulated switchgear unit. It is widely utilized in secondary distribution networks. The compact size and modular installation of RMU made them ideal replacement for switchgears. Ring Main Unit (RMU) utilizes 50% less space than conventional switchgears thus save a significant part of overall installation cost. The rising electricity demand worldwide and growing advancements in power distribution sector as well as strategic initiatives from leading market players are key factors accelerating the market growth.

According to Statista – during 2019, the global electricity consumption was estimated at 23,900 terawatt-hours. In addition, the global electricity demand would grow to around 35.3 petawatt hours by 2040. Also, growing investment in renewable energy sector as well as rising expansion power distribution infrastructure in emerging regions would create lucrative growth prospectus for the market over the forecast period. However, availability of counterfeit products and high cost of production due to volatile cost of raw materials impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Ring Main Unit (RMU) Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading market players as well as growing modernization of power distribution infrastructure in the region. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising expansion of renewable energy sector as well as growing investment in power distribution sector in the region.

Major market player included in this report are:

ABB (Switzerland)
Schneider Elecctric (France)
Eaton (Ireland)
Lucy Electric (UK)
Larsen & Toubro (India)
Siemens (Germany)
C&S Electric (India)
LS Electric (South Korea)
Ormazabal (Spain)
TIEPCO (Saudi Arabia)

Recent Developments in the Market:
In June 2019, Eaton launched its an exclusive range of RMUs (Medium Voltage Switchgear) named HMH 12 KV to 36 KV and URING 36 KV SF6 in India. These two RMUs are launched to strengthen the Eaton RMU offerings in India.

In April 2020, Larsen & Toubro received contract from government of Tamil Nādu, India for the upgradation of urban HT line distribution network in Chennai with the addition of ring main units and feeder remote terminal units on a total turnkey basis.

Global Ring Main Unit (RMU) Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered

Type, Installation, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Gas Insulated
Air Insulated
Oil Insulated
Solid Dielectric Material)
By Installation
Outdoor
Indoor
By Application
Industrial
Infrastructure

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the WorldCompanies Mentioned

ABB (Switzerland)
Schneider Elecctric (France)
Eaton (Ireland)
Lucy Electric (UK)
Larsen & Toubro (India)
Siemens (Germany)
C&S Electric (India)
LS Electric (South Korea)
Ormazabal (Spain)
TIEPCO (Saudi Arabia)

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