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Asia Pacific Gas Insulated Ring Main Unit Market Share

Report ID: GMI6972
Published Date: Oct 2023
Report Format: PDF

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Asia Pacific Gas Insulated Ring Main Unit Market Share

ABB has secured a major market share in the Asia-Pacific gas insulated ring main unit industtry due to its comprehensive technological expertise and innovative solutions. The company's commitment to research and development has led to the creation of cutting-edge RMUs that meet the region's growing demand for reliable and efficient power distribution solutions. ABB's reputation for quality and performance, coupled with its expansive network and strong customer relationships, further solidify its dominance. Its ability to tailor solutions to the diverse needs of Asia-Pacific markets, alongside its focus on sustainability and environmentally friendly alternatives, positions ABB as a market leader, driving its substantial market share in the region.

Some of the key market players operating across the Asia Pacific gas insulated ring main unit industry are:

ABB
Siemens
LS ELECTRIC Co., Ltd.
alfanar Group
Schneider Electric
Ormazabal
ELECTRIC&ELECTRONIC CO.,LTD.
CG Power & Industrial Solutions Ltd.
Orecco
Eaton
Lucy Group Ltd.
HD Hyundai Electric Co., Ltd.
TGOOD Global Ltd.
Toshiba Energy Systems & Solutions Corporation

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of gas insulated ring main unit in APAC was surpassed USD 849.8 million in 2023 and is projected to grow at over 6.3% CAGR from 2024 to 2032, driven by the rising demand for electricity due to robust population growth, industrial expansion, and technological progress.

The indoor installation segment generated more than USD 450 million in 2022 and is estimated to exceed USD 860 million by 2032, attributed to the ongoing R&D investments for creating compact and intelligent control equipment.

China gas insulated RMU market will witness robust growth at over 5% CAGR from 2023 to 2032 driven by the ever-increasing urbanization and industrialization in the region.

Some of the key gas insulated ring main unit firms in APAC include ABB, Siemens, LS ELECTRIC Co., Ltd., Schneider Electric, Ormazabal, ELECTRIC&ELECTRONIC CO., LTD., CG Power & Industrial Solutions Ltd., Orecco, Eaton, Lucy Group Ltd., and HD Hyundai Electric Co., Ltd.,