Press release
Ring Main Unit Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Ring Main Unit
How Large Will the Ring Main Unit Market Size By 2025?
In recent times, the market size of the ring main unit has seen a robust increase. This market is anticipated to expand from $2.4 billion in 2024 to $2.52 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. The upswing in the historic period can be traced back to factors such as urbanization and infrastructure development, effective power distribution, modernization of the grid, integration of renewable energy, and industrial growth.
How Big Is the Ring Main Unit Market Size Expected to Grow by 2029?
In the coming years, the ring main unit market is projected to experience robust growth, with its worth escalating to $3.3 billion in 2029, boasting a compound annual growth rate (CAGR) of 7.0%. This anticipated growth during the forecast period is considerably due to electrification initiatives, actions towards cybersecurity, firm power infrastructure, digitalization, automation, and resources of distributed energy. The forecast period is also expected to see significant trends such as embracing in industrial sectors, regulatory encouragement and incentives, remote observation and control, customization, and innovation.
View the full report here:
https://www.thebusinessresearchcompany.com/report/ring-main-unit-global-market-report
Which Key Market Drivers Powering Ring Main Unit Market Expansion and Growth?
The growth of the ring main unit market is projected to be fuelled by a surge in electricity demand. Electricity, a vital energy type, powers various machines and devices that produce light or heat. The escalating demand for electricity necessitates a ring main unit for a range of uses, such as linking different types of switches, powering a distribution transformer, and others. For instance, data from the France-based International Energy Agency (IEA) from September 2024 showed that total net electricity production climbed to 902.8 TWh in June 2024, marking a 5.4% rise from the same period the previous year. Hence, the rising need for electricity is a major driving force behind the expansion of the ring main unit market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8305&type=smp
Which Emerging Trends Are Transforming the Ring Main Unit Market in 2025?
Leading corporations active in the ring main unit marketplace are prioritizing the production of non-SF6 ring main units. Their objectives include minimizing environmental harm, adhering to more stringent controls on greenhouse gas emissions, and advocating for more ecologically responsible power distribution methods. Non-SF6 ring main units, or RMUs, are types of electrical switching systems employed for medium-voltage power dispersion which do not depend on sulfur hexafluoride (SF6) gas for insulation or to quench arcing. For instance, Lucy Electric Ltd, a company based in the UK, rolled out EcoTech, a non-SF6 ring main unit, in April 2024. EcoTec is a substitute for SF6 that uses made-made air (comprising nitrogen and oxygen) and eliminates environmental issues associated with greenhouse gas emissions. EcoTec also comes equipped with superior features like an inbuilt control module and standard remote control capabilities, potentially improving operational productivity and enabling more effective supervision and administration of power distribution systems.
What Are the Emerging Segments in the Ring Main Unit Market?
The ring main unit market covered in this report is segmented -
1) By Type: Gas-Insulated, Oil-Insulated, Air-Insulated, Solid Di-Electric, Other Types
2) By Component Types: Self-Powered Electronic Relays, Switchgear, Fuses
3) By Voltage: Low Voltage, Medium Voltage, High Voltage
4) By Installation: Indoor, Outdoor
5) By Application: Distribution Utility, Industrial, Commercial And Residential
Subsegments:
1) By Gas-Insulated: SF6 Insulated RMUs, Mixed Gas Insulated RMUs
2) By Oil-Insulated: Mineral Oil Insulated RMUs, Synthetic Oil Insulated RMUs
3) By Air-Insulated: Outdoor Air-Insulated RMUs, Indoor Air-Insulated RMUs
4) By Solid Di-Electric: Resin-Insulated RMUs, Other Solid Dielectric Solutions
5) By Other Types: Hybrid RMUs, Modular RMUs
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=8305&type=smp
Who Are the Global Leaders in the Ring Main Unit Market?
Major companies operating in the ring main unit market are ABB Ltd., Schneider Electric SE, Eaton Corporation PLC, Larsen & Toubro Ltd., Siemens AG, LS Electric Co. Ltd, Entec Electric & Electronic Co. Ltd, EPE Switchgear (M) Sdn. Bhd, Lucy Electric Ltd., Ormazabal Corporación Empresarial S.L., Crompton Greaves Consumer Electricals Limited, Orecco Electric d.o.o, Alfanar Group Ltd., LSIS Co. Ltd., Toshiba Corp., CG Power & Industrial Solutions Ltd., SGC - SwitchGear Company NV, NOJA Power Switchgear Pty Ltd., G&W Electric Company, C&S Electric Limited, E+I Engineering Ltd., Hawker Siddeley Switchgear Ltd., Kappa Engineering (Pty) Ltd., KONČAR - Electrical Industry Inc., Laxmi Electronics Pvt. Ltd., MGC Moser-Glaser AG, Mors Smitt B.V, Nissin Electric Co. Ltd., RPS Switchgear Limited, S&S Power Switchgear Limited, Slaters Electricals Ltd., Switchgear Power Systems LLC, Tavrida Electric AG, TE Connectivity Ltd., TGOOD Global Ltd., Trayer Engineering Corporation, VEO Oy, Wahah Electric Supply Company of Saudi Arabia Co., Xiamen Huadian Switchgear Co. Ltd.
Which are the Top Profitable Regional Markets for the Ring Main Unit Industry?
Asia-Pacific was the largest region in the ring main unit market share in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the ring main unit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8305
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Reach out to us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
The Business Research Company, with over 17,500+ reports across 27 industries and 60+ geographies, backed by 1,500,000 datasets and insights from industry leaders, offers comprehensive market intelligence through its flagship product, the Global Market Model (GMM), delivering updated forecasts for informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Ring Main Unit Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth here
News-ID: 4260631 • Views: …
More Releases from The Business Research Company
Rising Demand For Electric Vehicles To Drive Market Growth: Strategic Insights D …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Silicon Carbide Semiconductor Device Market Size By 2025?
The market scope for silicon carbide semiconductor devices has seen significant expansion in the recent past. The market, estimated to be worth $1.97 billion in 2024, is projected to reach $2.41 billion in 2025, experiencing a compound…
Key Trends Reshaping the Smart Badge Market: The Rise Of Smart Badges With Advan …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Smart Badge Market Size Growth Forecast: What to Expect by 2025?
Over the past few years, the market size of smart badges has seen consistent growth. It is expected to rise from $27.89 billion in 2024 to $29.91 billion in 2025, with a compound annual growth rate (CAGR) of…
2025-2034 RF Interconnect Market Outlook: Key Drivers, Emerging Challenges, and …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the RF Interconnect Industry Market Size Be by 2025?
The size of the rf interconnect market has significantly increased in the past few years. This market is projected to expand from $31.85 billion in 2024 to $33.93 billion in 2025, representing a compound annual growth rate (CAGR)…
Global Outdoor LED Lighting Market Projected to Grow at 15.7% CAGR, Reaching $62 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Outdoor LED Lighting Industry Market Size Be by 2025?
The market size of outdoor LED lighting has significantly expanded in the past few years. It's projected to rise from $30.52 billion in 2024 to $35.08 billion in 2025, marking a compound annual growth rate (CAGR) of…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
