si
by on December 1, 2023
66 views

The latest report by IMARC Group, titled “Ring Main Unit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The global ring main unit market size reached US$ 2.10 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.32 Billion by 2028, exhibiting a growth rate (CAGR) of 7.7% during 2023-2028.

A Ring Main Unit (RMU) is a compact and versatile piece of equipment used to control and
distribute electrical power in urban and industrial settings. It typically consists of several key
elements, including circuit breakers, load break switches, and fuse switches integrated into a
single compact enclosure. It allows for easy installation and maintenance while optimizing
space usage. RMUs are commonly used in ring-type distribution networks, where power can
flow in both directions to enhance system reliability. Additionally, it can isolate faulty sections
of the network, thus minimizing disruptions in the event of electrical faults or maintenance
work. It also provides a high degree of safety by effectively controlling and protecting electrical
circuits. Nowadays, the ring main unit ensures the safe and efficient distribution of electricity
to various consumers, such as residential, commercial, and industrial facilities across the
globe.

Request Your Sample Report Now: https://www.imarcgroup.com/ring-main-unit-market/requestsample

Ring Main Unit Market Trends and Drivers:

The ring main units (RMUs) market is primarily driven by the continuous rise in energy
consumption. In addition, the increasing product demand in industries, commercial
establishments, and residential areas requires a stable and efficient supply of electricity to
ensure uninterrupted power distribution, influencing market growth. Moreover, the
widespread adoption of ring main units (RMU) in offshore and onshore oil and gas facilities
ensures reliable power distribution to critical equipment, including drilling rigs, processing
units, and offshore platforms, while withstanding harsh environmental conditions common in
these industries represent another major growth-inducing factor. Besides this, the increasing
application of RMU in healthcare facilities, including hospitals and clinics, ensures
uninterrupted power to critical medical equipment and patient care areas while meeting the
stringent safety and reliability requirements of healthcare settings are accelerating the market
growth.

Along with this, the increasing use of RMUs in renewable energy installations, such
as solar and wind farms, to connect the generated power to the grid due to their ability to
handle fluctuations in power generation and maintain grid stability is propelling the market
growth. Furthermore, the rising demand for ring main units in educational institutions,
including universities, schools, and research facilities, to distribute electricity efficiently across
their campuses and maintain a reliable power supply for classrooms, laboratories, and
administrative buildings, creates a positive market outlook.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

  • Gas Insulated
  • Air Insulated
  • Oil Insulated
  • Solid Dielectric Material

Breakup by Installation:

  • Outdoor
  • Indoor

Breakup by Application:

  • Industrial
    • Wind Power Plant
    • Compact Secondary Substations
    • Distribution Utilities
  • Infrastructure
    • Residential
    • Non-Residential

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • ABB Ltd.
  • alfanar Group
  • Eaton Corporation plc
  • ENTEC Electric & Electronic Co. Ltd.
  • EPE Switchgear (M) Sdn. Bhd.
  • Larsen & Toubro Ltd.
  • LS Electric Co. Ltd.
  • Lucy Electric UK Ltd. (Lucy Group Ltd.)
  • Schneider Electric SE
  • Siemens AG
  • TIEPCO

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Contact Us

IMARC Group

Email:sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal

Posted in: Business
Be the first person to like this.