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marketingreportz · 6 days ago

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Ring Main Unit Market-Industry Forecast, 2024–2030

Ring Main Unit Market Overview:

Ring Main Unit Market size is estimated to reach $5.2 billion by 2030, growing at a CAGR of 8.0% during the forecast period 2024–2030.

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The two major trends in the Ring Main Unit Market are the adoption of eco-friendly technologies and the integration of smart systems. Increasingly, ecofriendly advancements like Siemens’ F-gas free RMUs with climate neutral Clean Air insulation are coming to the fore. These solutions eliminate SF6 gases and reduce the carbon footprint of power distribution systems by an order of magnitude, while maintaining high efficiency and safety. Moreover, smart technologies are integrated into RMUs to make them intelligent solutions. A key enabler provided by digitalization is the remote monitoring, automated control and IoT connectivity of features as seen in ABB’s SafeLink RMUS. These capabilities improve operational efficiency, support predictive maintenance, and integrate easily with the modern decentralized grids. These trends, together, guarantee that RMUs satisfy increasing requirements for sustainability, reliability, and sophisticated functionality in power distribution.

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COVID-19 / Ukraine Crisis — Impact Analysis:

COVID 19 pandemic heavily impacted Ring Main Unit (RMU) market by creating delays in manufacturing, supply chain issues and project delays. Reduced availability of the workforce and the slow pace of production of RMU components in the regions with strong dependence on imports due to lockdowns and restrictions. Key sectors such as industrial and commercial projects continued to demand less due to persisting economic uncertainties.

Russia Ukraine war also added to the RMU market by aggravating the supply chain problems and intensifying the energy security issues. This conflict disrupted global trade in all critical raw materials for RMU costs, such as copper and steel, and this state of inflation. At the same time, energy supply disruptions in Europe triggered investments in reliable and decentralized power systems.

Key Takeaways:

APAC Dominates the Market

APAC is the dominant region in the Ring Main Unit market driven by industrialization, growing demand for power and infrastructure development. Countries like China, India and Japan are heavily investing in expanding their power distribution networks to support growing electricity demand. According to the Central Electricity Authority, Government of India, India generated 1,949 TWh of electricity in FY 2023–24, with 1,734 TWh coming from utilities, and achieved a per capita electricity generation of 1,395 kWh, reflecting substantial energy demands. Additionally, the region’s focus on renewable energy integration with extensive wind and solar projects increases the deployment of RMUs for efficient power distribution. There is a need for reliable electrical systems, further fueling RMU demand. Moreover, APAC’s strong manufacturing base reduces production costs for RMUs, making them more accessible to local utilities and industries.

Gas Insulated Represent the Largest Segment

The Ring Main Units (RMUs) market is dominated by Gas-insulated RMUs which are characterized by a compact design, high efficiency, and ability to support reliable electricity distribution in urban areas with limited space. This trend is further underscored by the expansion efforts of Siemens India, which were announced on May 2024. Siemens will invest $3.95 million to enhance its gas insulated switchgear (GIS) production capacity by 23% which includes 22,000 feeders for its Ring Main Unit. The expansion will be phased over three years from 2024–25 and will be funded from internal accruals. Such investments demonstrate the increasing need for gas insulated RMUs, which are essential to modern power systems for switching, transformation, measuring and distributing electrical energy in a reliable and efficient way. Thus, gas insulated RMUs are a preferred choice to address the rising energy needs globally due to their scalability and performance.

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Industrial is the Largest Segment

The industrial sector is the largest application area for RMUs owing to its high demand for reliable and uninterrupted power supply. Industries such as manufacturing, mining, oil & gas and petrochemicals operate in environments where power outages can result in significant financial losses and operational downtime. RMUs are preferred in these settings due to their compact design, durability and enhanced safety features. Additionally, industries often require medium-voltage distribution systems where RMUs provide an ideal solution for efficient load management and fault isolation. The growing trend of automation and electrification in industrial operations further boosts the demand for advanced RMUs with smart monitoring and control capabilities. According to Aktif Elektroteknik, RMUs are essential components in power distribution particularly valuable in industrial applications and humid environments. These medium-voltage switchgear systems, compact yet powerful, ensure steady electricity flow and can quickly switch between power sources during repairs or emergencies, minimizing downtime. Their versatility, low maintenance, and adaptability for indoor and outdoor installations make them indispensable for industrial use. With advancements in smart grid technology and renewable energy integration, RMUs continue to evolve, offering enhanced capabilities to support modern industrial operations. This makes them a cornerstone for ensuring operational continuity and energy efficiency in industries worldwide.

Demand for Uninterrupted Electricity in Critical Applications to Drive the Market

The demand for uninterrupted electricity in critical applications, such as medical facilities, data centers and manufacturing, is a significant driver for RMU installations. The rapid growth in global electricity demand is projected to increase by around 4% in 2024, up from 2.5% in 2023, which compounds this need, according to the IEA’s Electricity Mid-Year Update. This is the highest annual growth rate since 2007, except for exceptional rebounds following crises. As global electricity consumption grows, with a further 4% growth expected in 2025, consistent power supply is critical to the functioning of critical sectors. They expect renewables to expand rapidly, accounting for 30% of global electricity supply in 2023 and 35 percent in 2025. Though, strong electricity demand, in economies like India with 8% growth and China with over 6% growth TO ensures stable CO₂ emissions from coal reliance. This robust demand demonstrates the need for reliable RMU systems to maintain uninterrupted power to the energy intensive infrastructure of modern economies.

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Lack of Skilled Professionals to Hamper the Market

There is a shortage of skilled workers required for installation, operation and maintenance. RMUs involve sophisticated technologies including advanced circuit breakers, insulation systems and digital monitoring tools which demand expertise for effective handling. In developing countries, where power infrastructure development is accelerating, the gap between workforce capabilities and technological advancements is particularly pronounced. This skill deficit leads to delays in project implementation, suboptimal system performance and increased operational risks. According to TeamLease, this problem is very significant in the renewable energy sector, where there is a skill gap of nearly 1.2 million workers. Moreover, TeamLease Services states, the industry will need 1.7 million trained workers by 2027, which is when demand for skilled professionals is expected to rise by 26%. This is a similar challenge occurring in other power sector infrastructure sectors, including RMUs, where the shortage of skilled professionals not only slows down growth, but also raises concerns about the quality and reliability of systems deployed around the world.

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Ring Main Unit Market. The top 10 companies in this industry are listed below:

Siemens AG

Schneider Electric SE

Eaton Corporation Plc

ABB Ltd.

GE Vernova

Toshiba Corporation

CG Power and Industrial Solutions

CHINT Group

LS Electric Co., Ltd

Lucy Electric

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