Press release
Ring Main Unit (RMU) Market by Type, Application, Forecast, 2020-2027 |Covid-19 Impact Analysis, Global Industry Insights, Key Segments
Ring main unit (RMU) is a completely sealed, gas-insulated compact switchgear unit with high tension panels bearing switches that enable consumer to use two sources of high tension power at the same metering point. The main advantage of using RMU includes use of less conducting material since less current is carried in each part of the ring.Request for a Premium Sample Report @ https://www.alliedmarketresearch.com/request-sample/2517
The global ring main unit (RMU) market is driven by increase in power consumption, modernization of the existing power infrastructure, high demand for reliable sources of power generation, and development of enhancement plans for power distribution. However, higher cost of RMUs as compared to traditional switchgears restricts the market growth. Furthermore, development of automation ready units with integrated remote terminal units (RTUs) that enable instant smart grid functionality present lucrative opportunities for the market players during the forecast period.
Key Segments
The global ring main unit (RMU) market is segmented based on type, installation, application, and geography. Based on type, it is classified into gas insulated, air insulated, oil insulated, and solid dielectric material. Based on installation, it is divided into outdoor, and indoor. On the basis of application, it is segmented into industrial (wind power plant, compact secondary substations, and distribution utilities), and infrastructure (residential, non-residential, and transportation). Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Key Players
The key players operating in this market include ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), and General Electric Company (U.S.).
Key Benefits
This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global ring main unit (RMU) market for the period of 2016-2023 to identify the prevailing market opportunities.
The key countries in each region has been mapped based on market share.
In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
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