Asia Pacific Gas Insulated Smart Ring Main Unit Market Size - By Technology (Motorized, Non - Motorized), Component (Switch & Fuses, Self-Powered Electronic Relay, VDIS), Application (Industries, Infrastructure, Transportation), Position & Forecast, 2024 - 2032

Asia Pacific Gas Insulated Smart Ring Main Unit Market Size

Asia Pacific Gas Insulated Smart Ring Main Unit Market size was valued at over USD 505.7 million in 2023 and is anticipated to grow at a CAGR of 7.8% from 2024 to 2032, propelled by the rapid urbanization and industrialization trends. These factors are leading to an increased demand for dependable and efficient electrical distribution networks, making gas-insulated RMUs the preferred choice in densely populated urban areas due to their space-saving design.
 

Growing integration of renewable energy sources such as wind and solar into existing grids is driving the requirement for advanced RMUs to ensure stable distribution. As governments and utilities make substantial investments in energy infrastructure development, the gas-insulated RMU market is well-positioned for sustained growth. This growth is propelled by the increasing need for reliable, space-efficient, and environmentally conscious medium-voltage distribution solutions to meet the evolving demands of the region's urban and industrial landscapes.
 

COVID-19 Impact

The Asia Pacific gas insulated smart ring main unit market experienced a multifaceted impact from the COVID-19 pandemic. Initially, the market faced disruptions in the supply chain, leading to delays in production and delivery of RMUs as manufacturing facilities temporarily shut down. Project delays and cancellations, particularly in the construction and infrastructure sectors, also hampered the demand for RMUs. However, as the pandemic continued, the importance of reliable and remotely manageable electrical distribution networks became increasingly evident, driving interest in smart RMUs.
 

Asia Pacific Gas Insulated Smart Ring Main Unit Industry Trends

The Asia Pacific gas insulated smart ring main unit market is witnessing several notable trends. The integration of data analytics and artificial intelligence (AI) into smart RMUs is enabling predictive maintenance, fault prediction, and load forecasting, improving overall grid reliability and performance. The shift towards electric vehicles (EVs) is driving the need for smart RMUs to support the increased power demand from EV charging infrastructure, necessitating advanced load management and grid balancing capabilities.
 

Asia Pacific Gas Insulated Smart Ring Main Unit Market Analysis

The 2-3-4 position ring main unit was worth USD 200 million in 202 and is anticipated to maintain a robust CAGR of over 7% through 2032. This growth can be attributed to several key drivers aligned with broader trends in electrical distribution. The imperative of grid modernization and the integration of renewable energy sources are boosting the demand for dependable, flexible, and secure medium-voltage distribution solutions. The aging electrical infrastructure necessitates reliable circuit breakers in 2-position RMUs to ensure the safe interruption of electrical circuits. These factors collectively contribute to the Asia Pacific gas insulated smart ring main unit market.
 

The Motorized RMUs achieved a market value exceeding USD 250 million in 2022 and is projected to surpass USD 600 million by 2032. Driven by the increasing demand for reliable power distribution solutions in areas with limited space, such as densely populated urban centers, which in turn is favoring motorized RMUs due to their compact design. The rising adoption of electric vehicles (EVs) is driving the need for enhanced grid infrastructure, including motorized RMUs, to support the increased power demand from EV charging stations. Government initiatives and incentives aimed at modernizing and digitizing power grids are encouraging utilities and industries to invest in advanced RMUs with automation and smart grid capabilities.
 

The distribution utilities play a pivotal role in driving significant trends and fostering growth within the Asia Pacific gas insulated smart ring main unit market. The growing emphasis on grid modernization and digitalization is compelling utilities to adopt advanced RMUs equipped with smart monitoring and remote control capabilities, ultimately enhancing grid efficiency and reliability. Furthermore, the integration of renewable energy sources into distribution networks is increasing the demand for flexible and dependable medium-voltage solutions like gas-insulated RMUs, ensuring seamless grid operation amid intermittent renewable power generation.
 

China gas insulated smart ring main unit market is expected to witness around 6.5% CAGR up to 2032, owing to the growing emphasis on grid modernization and digitalization, driven by the need for more efficient, reliable, and sustainable electrical distribution networks. Utilities in China are increasingly adopting advanced RMUs with smart monitoring and remote control capabilities to enhance grid efficiency and resilience. These units are crucial for managing the intermittent nature of renewable power generation and ensuring grid stability. The rapid urbanization in China is driving the need for compact indoor RMUs, particularly in densely populated urban areas, where space is at a premium.
 

Asia Pacific Gas Insulated Smart Ring Main Unit Market Share

Major players operating in the Asia Pacific gas insulated smart ring main unit market include

• Lucy Group Ltd.
• Siemens
• Electric & Electronic Co.,Ltd.
• Schneider Electric
• HD HYUNDAI ELECTRIC CO., LTD.
• ABB
• Toshiba Energy Systems & Solutions Corporation
• LS ELECTRIC Co., Ltd.
• Eaton
• Ormazabal
• alfanar Group
• G&W Electric
• CG Power & Industrial Solutions Ltd.
• Alstom
• Orecco
   

Asia Pacific Gas Insulated Smart Ring Main Unit Industry News:

• In April 2021, Siemens introduced the 8DJH 24 switchgear, an RMU designed for voltages up to 24 kV that is completely free of fluorinated gases. This medium-voltage (MV) switchgear boasts compact dimensions similar to the SF6 variant for secondary electricity distribution but employs the climate-neutral insulation technology known as Clean Air, which utilizes natural components from the surrounding ambient air. This innovative product development empowers customers to embrace sustainable power distribution practices. Furthermore, Siemens has reinforced its position in the RMU industry by expanding its product offerings to international markets, offering high-quality solutions that align with the growing demand for eco-friendly and efficient electrical distribution solutions.
   

This Asia Pacific gas insulated smart ring main unit market research report includes an in-depth coverage of the industry with estimates & forecast in terms of ‘000 Units and USD Million from 2019 to 2032, for the following segments:

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By Position

• 2-3-4 Position
• 5-6 Position
• 7-10 Position
• Others

By Component

• Switch & Fuses
• Self-Powered Electronic Relay
  • Communicable
    • Conventional CT/VT Sensors
    • Low Power CT/VT Sensors
  • Non-Communicable
• Automations RTU’s
• UPS
• Fault Passage Indictors/ Short Circuit Indicators
  • Communicable
    • Conventional CT/VT Sensors
    • Conventional CT/VT Sensors
  • Non-Communicable
• VDIS

By Technology

• Motorized RMU
• Non – Motorized RMU

By Application

• Distribution Utilities
  • Motorized RMU
  • Non – Motorized RMU
• Industries
• Infrastructure
  • Motorized RMU
  • Non – Motorized RMU
• Transportation
• Others

The above information has been provided for the following countries:

• China
• India
• Japan
• South Korea
• Australia