📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Ring Main Unit Market Size

ID: MRFR//2085-HCR | 188 Pages | Author: Anshula Mandaokar| June 2024

The Ring Main Unit (RMU) market is impacted by different variables that on the whole shape its elements and development direction. One significant market factor is the rising interest in solid and proficient power dissemination frameworks. As urbanization speeds up and industrialization grows universally, there is a relating flood in the requirement for hearty electrical framework. RMUs assume an essential part in this situation by working with the powerful dissemination of power in a conservative and secure way, subsequently satisfying the developing need for energy in both metropolitan and country regions.

Innovative headways additionally essentially influence the Ring Main Unit market. More intelligent and sophisticated solutions have emerged as a result of RMUs' ongoing design and functionality innovation. Brilliant RMUs outfitted with cutting edge checking and correspondence capacities are building up momentum, giving utilities constant information and improving the general proficiency of the electrical network. The mix of shrewd advances further develops framework unwavering quality as well as empowers proactive support, decreasing personal time and functional expenses for end-clients.

Unofficial laws and strategies assume an essential part in molding the Ring Main Unit market. The use of RMUs is directly influenced by regulatory frameworks that aim to improve energy efficiency, encourage environmentally friendly practices, and guarantee the reliability of power distribution systems. In numerous districts, there is a developing accentuation on overhauling and modernizing the maturing electrical foundation to satisfy contemporary guidelines, driving the interest for cutting edge RMU arrangements that consent to these guidelines.

Financial factors additionally add to the elements of the Ring Main Unit market. Monetary development and advancement lead to expanded interests in foundation projects, including the extension and update of power dispersion organizations. As arising economies witness quick urbanization and industrialization, the interest in Ring Main Units is on the ascent to help the improvement of solid and effective electrical frameworks, guaranteeing a steady power supply for enterprises and families the same.

Natural contemplations are turning out to be progressively significant in the Ring Primary Unit market. The push towards supportability and the decrease of fossil fuel byproducts have prompted a more noteworthy spotlight on eco-accommodating and energy-proficient arrangements. Makers and end-clients are looking for Ring Main Units that have negligible ecological effect, lining up with worldwide endeavors to make a greener and more manageable energy scene.

Market contest is the main impetus that shapes the Ring Primary Unit scene. The presence of different players in the market cultivates advancement and supports the improvement of financially savvy arrangements. In order to meet the diverse requirements of industries and utilities, manufacturers strive to differentiate their products through features like dependability, durability, and cutting-edge technology.

Lastly, the Ring Main Unit market is developing as a result of the global shift toward renewable energy sources. As the portion of environmentally friendly power in the power age blend expands, the prerequisites for lattice reconciliation and appropriation become more complicated. Ring Principal Units, with their capacity to effectively deal with these difficulties, are becoming necessary parts in the progress towards a more reasonable and decentralized energy framework.

The demand for reliable electricity distribution, technological advancements, government regulations, economic expansion, environmental considerations, market competition, and the global shift toward renewable energy all have an impact on the Ring Main Unit market. The RMU market is shaped by the interaction of these elements, highlighting their significance in facilitating worldwide power distribution systems that are both effective and long-lasting.

Global Ring Main Unit Market Overview:

Ring Main Unit Market Size was valued at USD 2.2 Billion in 2023. The Ring Main Unit Market  industry is projected to grow from USD 2.40 Billion in 2024 to USD 4.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.45% during the forecast period (2024 - 2032). Focus on enhancing power distribution infrastructure and increasing electricity demand are the key market drivers enhancing the market growth.

Global Ring Main Unit Market  Overview1

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Ring Main Unit Market Trends

  • Growing Industrial Infrastructure to Drive Market Growth

Market CAGR for ring main unit is being driven by the rising industrial infrastructure. Increased investment in industrial infrastructure is expected to accelerate the power supply and distribution lines throughout industries and regions. The increased industrialisation has accelerated the establishment of new industrial facilities. Complex electrical substations are required by industries to meet their power needs and minimise mishaps caused by overloading. To maintain voltage variations, switching equipment such as the RMU is required. Because of the rising reliance on electrical machinery in industries, it has become critical to ensure the safe operation of electric supply. As a result, increasing investments in industrial infrastructure drive market growth during the projection period.

Furthermore, consumers' growing environmental consciousness and increased emphasis on lowering carbon emissions will stimulate the creation of renewable energy. The growth of the renewable energy business has prompted governments to build power plants to generate electricity from a variety of renewable resources. The growing reliance on renewable energy resources for power generation can also be attributed to the cheaper capital requirements compared to oil and gas.

The Levelized Cost of Electricity Generation (LCOE) using various energy sources from various world areas was analysed in the IRENA's (International Renewable Energy Agency) Projected Costs of Generating Electricity 2020. Wind energy was discovered to be the least expensive, while coal energy was discovered to be the most expensive. Increased investment in renewable energy sources is predicted to boost distribution utility, necessitating the use of smart switching technology. As a result of these reasons, this market is predicted to expand.

In addition, technological developments are a major trend that is gaining traction in the ring main unit industry. Major players in the ring main unit market are focusing on developing new technical solutions to strengthen their market position. For example, in April 2021, Siemens AG, a German ring main unit manufacturer, introduced the 8DJH 24 switchgear, a totally fluorinated gas-free ring main unit (RMU) for line voltages up to 24 kilovolts (kV) manufactured with vacuum technology. Siemens' new F-gases technology replaces both the SF6 insulating medium and the fluorine-based gas mixture. As a result, the distinctive features of this innovative switchgear reduce the carbon footprint of grid operators. The switchgear is safe and simple to handle, and it is easily recyclable.

Ring Main Unit Market Segment Insights:

Ring Main Unit Type Insights

The Ring Main Unit Market segmentation, based on type includes oil insulated, gas insulated, air insulated, and solid dielectric. Gas-insulated segment dominate the market with a share of 68%, because they are chemically resistant and small, and have outstanding functionality and durability during secondary distribution. Gas insulation is commonly utilised in railway systems, electricity grids, mines, wind farms, and subterranean facilities. Furthermore, gas-insulated RMUs have superior high-temperature endurance and effective load balancing, which are major benefits driving market expansion.

Ring Main Unit Installation Insights

The Ring Main Unit Market segmentation, based on installation, includes indoor and outdoor. The outside segment dominated the market, due to the increased investments in the renewables industry, which would further contribute to an increase in the necessity for outdoor RMUs, to meet the rising energy generation. However, most RMUs are now installed indoors due to their widespread use in industrial and power production applications, which can be attributed to their ease of maintenance, high durability, and compact design.

Figure 1: Ring Main Unit Market, by Installation, 2022 & 2032 (USD Billion)

Ring Main Unit Market, by Installation

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Ring Main Unit Application Insights

The Ring Main Unit Market segmentation, based on application, includes distribution utilities, industrial, commercial. The distribution utilities segment dominates the market due to the wide range of applications, such as the construction of power distribution infrastructure in response to increased energy demand caused by urbanisation and industrialisation. RMUs are becoming more important as smart grid adoption grows due to the need to reduce losses and boost energy efficiency. The distribution utility segment of the market is expected to grow as transmission and distribution networks expand and RMU technology advances.

Ring Main Unit Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia Pacific Ring Main Unit Market area will dominate this market, because of rising electricity demand and a greater emphasis on renewable energy sources. Furthermore, favourable government policies and regulations targeted at modernising the power system are fueling regional industry expansion. Moreover, China’s Ring Main Unit Market held the largest market share, and the Indian Ring Main Unit Market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Ring Main Unit Market Share By Region 2022 (USD Billion)

Ring Main Unit Market Share By Region

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s Ring Main Unit Market accounts for the second-largest market share due to growing emphasis on renewable energy installations and utilizations, coupled with government goals. Further, the German Ring Main Unit Market held the largest market share, and the UK Ring Main Unit Market was the fastest growing market in the European region

The North America Ring Main Unit Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of the expanding transmission and distribution network infrastructure.

Ring Main Unit Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Ring Main Unit Market , grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Ring Main Unitindustry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Ring Main Unit industry to benefit clients and increase the market sector. In recent years, the Ring Main Unit industry has offered some of the most significant advantages to medicine. Major players in the Ring Main Unit Market , including ABB Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), General Electric Company (U.S.) and others, are attempting to increase market demand by investing in research and development operations.

Siemens is a German multinational conglomerate and Europe's largest industrial manufacturing firm. Its headquarters are in Munich, and it has a number of foreign branch offices. The company's primary divisions are Digital Industries, Smart Infrastructure, Mobility, Healthcare (named Siemens Healthineers), and Financial Services.The firm is a notable manufacturer of medical diagnostics equipment; its medical health-care segment, which accounts for around 12% of total revenues, is the corporation's second-most lucrative unit after the industrial automation division. It is considered as a pioneer in this field and the corporation with the largest revenue in the world. In March 2019, Siemens sent out a sans sf6 medium-voltage ring primary unit. The gas contained in the first ring unit consists solely of elements of the surrounding air and shields the current-conveying conductors within the lodge. The use of "Clean Air" makes it straightforward to deal with during its whole existence.

Larsen & Toubro Ltd, or L&T, is a Mumbai-based Indian multinational conglomerate with interests in engineering, construction, manufacturing, technology, information technology, and financial services. The corporation is ranked among the top five construction firms in the globe. Henning Holck-Larsen and Sren Kristian Toubro, two Danish engineers seeking asylum in India, formed the company. Larsen & Toubro began in 1946 in Bombay, India, by two Danish engineers, Henning Holck-Larsen and Sren Kristian Toubro. In April 2020, Larsen & Toubro was awarded a contract to strengthen Chennai's metropolitan HT line dispersion network by adding ring principal units and feeder distant terminal units on an absolute turnkey basis. Similarly, fully robotized, automated 33 kV gas Insulated substations will be installed in strategic locations.

Key Companies in the Ring Main Unit market include

  • ABB Lid. (Switzerland)

  • Schneider Electric SE (France)

  • Eaton Corporation PLC (Ireland)

  • Siemens AG (Germany)

  • General Electric Company (U.S.)

  • Lucy Electric Limited (UK)

  • L&T (India)

  • Yokogawa Electric Corporation (Japan)

  • Switch Gear Company (Belgium)

  • EPE Switchgear (M) Sdn Bhd. (Malaysia)

Ring Main Unit Industry Developments

In August 2021,Tanweer, a Nama Group subsidiary, constructed an 11 kV underground cable to the present RMU and upgraded the Dowa primary sub-station in Muscat, Oman. The project to improve grid dependability is worth OMR 186,340.

In July 2021,an RMU was installed in South Africa's Riba substation. The substation regulates power to communities such as Thushanang, Capstand, Lynnville, and Ackerville. This advancement is expected to improve circuit control and isolation, resulting in an uninterrupted and stable supply.

In April 2019,Eaton finalised its 82% controlling stake acquisition of Ulusoy Elektrik, a major maker of medium voltage electrical equipment.

Ring Main Unit Market  Segmentation:

Ring Main Unit Market By Type Outlook

  • Oil Insulated

  • Gas Insulated

  • Air Insulated

  • Solid Dielectric

Ring Main Unit Market By Installation Outlook

  • Indoor

  • Outdoor

Ring Main Unit Market By Application Outlook

  • Distribution Utilities

  • Industrial

  • Commercial

Ring Main Unit Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.