Ring Main Unit Market Growth, Size, Share, Trends, and Forecast 2032

Ring Main Unit Market Insights

According to the report published by Zion Market Research, the global Ring Main Unit Market size was valued at USD 2.37 Billion in 2023 and is predicted to reach USD 4.56 Billion by the end of 2032. The market is expected to grow with a CAGR of 7.68% during the forecast period. The report analyzes the global Ring Main Unit Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Ring Main Unit Market industry.

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Global Ring Main Unit Market: Overview

Ring Main Unit (RMU) is a sealed, enclosed, and compact type of switchgear that is been used for medium voltage power distribution. RMU in itself is complete switchgear consisting of a metering device, protection device, and assembly of all required switching devices. As RMU is a complete package and only requires cable connection and installation, it is widely used in the distribution system.

Global Ring Main Unit Market: Growth Factors

The global ring main unit market is growing at a significant rate. Major factors that are augmenting the growth of the global market include industrialization growing at a speedy rate, increase in the automation process, and expanding use of RMU in distribution utilities. Ring main units are widely used to control the circuit to switch functions, protect the circuit from overload, short-circuit current fault, & ground-fault current and isolate the faulty equipment from the rest of the circuit. The ring main units are widely adopted by several industries and the transportation sector as it reduces the maintenance as they are free to maintain due to incorporation of self-test features, provides better tolerance to harsh environments, improved protection, help to better coordinate protection with other protective equipment including those with low voltage & medium voltage, possess feature-rich compact design, save money & time, and offers efficiency, reliability, connectivity & safety. In addition to this, RMU can integrate with the distribution management system and build Smart Grid solutions which are also adding up to the adoption of the ring main unit.

This is propelling the growth of the global ring main unit market. Additionally, the growing demand from various infrastructure including residential, hospitals, and hotels & resorts is also boosting the growth of the global market. Moreover, factors such as growing renewable energy installations, increasing electricity generation projects, and underground cable networking are fostering the overall market growth. Furthermore, the emergence of smart RMU enabling faster power restoration due to decentralized schemes and compliance with the latest cyber security standards will have opportunities that will significantly boost the global ring main unit market during the forecast period. However, similar to the radial power distribution system, the ring distribution system cannot be expanded, and the ring main unit is expensive as compared to other switchgear. This may restrain the growth of the global ring main unit market.

The global ring main unit market is adversely hit by the Covid-19 pandemic. The manufacturers of ring main units have to close all their operations due to strict rules of complete lockdown and restriction on movements implemented in several countries across the world to control the rapid spread of the infection. With ease in the restrictions, the manufacturers also have to face multifaceted challenges caused by a disruption in the supply chain and restriction on personnel. Drop in production coupled with the decrease in demand from its end-users hampered the market growth during the pandemic.

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Global Ring Main Unit Market: Segmentation

The global ring main unit market is fragmented based on rating, component, installation, position, insulation, application, and region.

Based on rating, the global ring main unit market is bifurcated into < 12 kV, 12 - 17.5 kV, 17.5 - 24 kV, and > 24 kV.

Based on the component, the market is categorized into self-powered electronic relays and switch & fuses.

The installation segment comprises outdoor and indoor.

By position, the global market is classified as 1 0-position, 6-position, 3-position, and others.

The insulation sector consists of solid di-electric, oil, air, gas, and others.

The application segment is split into transportation, infrastructure, industries, distribution utilities, and others.

Ring Main Unit Market: Report Scope

Global Ring Main Unit Market: Regional Analysis

Geographically, Asia Pacific is predicted to dominate the global ring main unit market and hold its dominance during the forecast period. Rapid industrialization, modernization of the grid, and electricity consumption on a large scale are some of the major factors that are boosting the revenue of the market in this region. In addition to this, growing renewable energy installations is contributing to the growth of the market in Asia Pacific region. North America and Europe are also expected to contribute to a significant share in the market owing to a preference towards the adoption of smart ring main unit and rapidly expanding microgrid network.

Global Ring Main Unit Market: Competitive Players

Some of the key players that are operating in the global ring main unit market are:

• General Electric
• Entec Electric
• C&S Electric Limited
• Lucy Electric
• L&T Electrical and Automation
• Crompton Greaves
• Siemens
• Schneider
• Eaton
• ABB, among others.

The Global Ring Main Unit Market is segmented as follows:

By on rating 

• < 12 kV
• 12 - 17.5 kV
• 17.5 - 24 kV
• > 24 kV

By component 

• self-powered electronic relays and switch & fuses

By installation 

• outdoor 
• indoor

By position 

• 1 0-position 
• 6-position 
• 3-position
• and others

By insulation 

• solid di-electric 
• oil
• air
• gas
• and others

By application 

• transportation
• infrastructure 
• industries
• distribution utilities
• and others

Global Ring Main Unit Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.