Global Medium Voltage Ring Main Units Market Growth 2023-2029

Global Medium Voltage Ring Main Units Market Growth 2023-2029

In an electrical power distribution system, a ring main unit (RMU) is a factory assembled, metal enclosed set of switchgear used at the load connection points of a ring-type distribution network. It includes in one unit two switches that can connect the load to either or both main conductors, and a fusible switch or circuit breaker and switch that feed a distribution transformer. The metal enclosed unit connects to the transformer either through a bus throat of standardized dimensions, or else through cables and is usually installed outdoors. Ring main cables enter and leave the cabinet. This type of switchgear is used for medium-voltage power distribution.
The ring main unit was introduced in the United Kingdom and is now widely used in other countries. In North American distribution practice, often the equivalent of a ring main unit is built into a pad-mounted transformer which integrates switches and transformer into a single cabinet.
LPI (LP Information)' newest research report, the “Medium Voltage Ring Main Units Industry Forecast” looks at past sales and reviews total world Medium Voltage Ring Main Units sales in 2022, providing a comprehensive analysis by region and market sector of projected Medium Voltage Ring Main Units sales for 2023 through 2029. With Medium Voltage Ring Main Units sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Medium Voltage Ring Main Units industry.
This Insight Report provides a comprehensive analysis of the global Medium Voltage Ring Main Units landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Medium Voltage Ring Main Units portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Medium Voltage Ring Main Units market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medium Voltage Ring Main Units and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Medium Voltage Ring Main Units.
The global Medium Voltage Ring Main Units market size is projected to grow from US$ 3713.9 million in 2022 to US$ 6710.1 million in 2029; it is expected to grow at a CAGR of 6710.1 from 2023 to 2029.
ABB is the leading manufacturer in the global Medium Voltage Ring Main Units market with the market share of 11.39%, in terms of revenue, followed by Schneider Electric, Siemens, Eaton, SOJO, CEEPOWER, Creative Distribution Automation, Toshiba, Larsen & Toubro, Daya Electric, TGOOD, HEZONG, G&W Electric, and Sevenstars Electric. These leading 14 companies accounted for 53.59% of the market share in 2019.
Asia-Pacific is the largest downstream regions, occupied about 66.98% of market share, in terms of volume.
This report presents a comprehensive overview, market shares, and growth opportunities of Medium Voltage Ring Main Units market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Solid Insulated
Gas Insulated
Air Insulated
Segmentation by application
Residential and Utilities
Industries
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Schneider Electric
Siemens
Eaton
SOJO
CEEPOWER
Creative Distribution Automation
Toshiba
Larsen & Toubro
Daya Electric
TGOOD
HEZONG
G&W Electric
Sevenstars Electric

Key Questions Addressed in this Report
What is the 10-year outlook for the global Medium Voltage Ring Main Units market?
What factors are driving Medium Voltage Ring Main Units market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Medium Voltage Ring Main Units market opportunities vary by end market size?
How does Medium Voltage Ring Main Units break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.