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Ring Main Unit Market Growth Trends Analysis and Dynamic Demand, Forecast 2030

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Ring Main Unit Market Growth Trends Analysis and Dynamic Demand, Forecast 2030

Ring Main Unit Market Highlights

Ring Main Unit Market is projected to be worth USD 3.36 billion, registering a CAGR of 9.27% during the forecast period (2022 - 2030).

Ring main unit (RMU) is used in a secondary distribution system. It is basically used for an uninterrupted supply of power. It is used for medium voltage distribution in compact substations, small buildings, residential housing complex etc. Rapid urbanization and smart city initiatives are driving the demand of ring main unit market.

Report Attribute/Metric

Details

CAGR

  9.27% CAGR (2022-2030)

  Base Year

  2021

  Forecast Period

  2022 to 2030

  Historical Data

  2019 & 2020

  Forecast Units

  Value (USD Billion)

  Report Coverage

  Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

  Segments Covered

  Type, Installation and Application

  Geographies Covered

  North America, Europe, Asia-Pacific, and Rest of the World (RoW)

 

Market Research Analysis  

On the basis of regions, the global ring main unit market is segmented as North America, Europe, Asia-Pacific and RoW. Asia-Pacific region dominates the ring main unit market. The demand of ring main unit market in Asia-Pacific region is driven by rapid growth in industrialization, urbanization, and construction & infrastructure activities as well as it is driven by the growing renewable sector in the region.

Europe and North America is also expected to contribute significantly to the global ring main unit market. Upgradation of existing power infrastructure network is driving the demand of ring main unit in these regions.

Access Report Details @ https://www.marketresearchfuture.com/reports/ring-main-unit-market-2802

Scope of the Report

This study provides an overview of the global ring main unit market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global ring main unit market as type, installation, and application.

By Type

  • Oil Insulated,
  • Gas Insulated
  • Air Insulated
  • Solid Dielectric

By Installation

  • Indoor
  • Outdoor


By Application

  • Distribution Utilities
  • Industrial
  • Commercial

Key Players

The key players of global ring main unit market are ABB Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), General Electric Company (U.S.), Lucy Electric Limited (U.K.), L&T (India), Yokogawa Electric Corporation (Japan), SwitchGear Company (Belgium) and EPE Switchgear (M) Sdn. Bhd. (Malaysia).

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