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Asia Pacific Smart Ring Main Unit Market Share

Report ID: GMI6625
Published Date: Sep 2023
Report Format: PDF

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Asia Pacific Smart Ring Main Unit Market Share

Major companies operating in the Asia Pacific smart ring main unit market include:

alfanar Group
CHINT Group
HD HYUNDAI ELECTRIC CO.LTD.
Lucy Group Ltd.
Electric & Electronic Co., Ltd.
Schneider Electric
Siemens
ABB
Toshiba Energy Systems & Solutions Corporation
Orecco
Eaton
Bonomi Eugenio SpA
LS ELECTRIC Co., Ltd.
CG Power & Industrial Solutions Ltd.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size for smart ring main unit in APAC crossed USD 748.3 million in 2023 and is set to reach USD 1.52 billion by 2032, due to the rising rate of urbanization and industrialization coupled with the increasing demand for efficient and reliable electricity distribution.

Asia Pacific smart ring main unit industry size from the motorized technology segment surpassed USD 400 million in 2022 and may record more than USD 940 million by 2032, owing to the increasing adoption of smart grid technologies.

China market size is expected to witness over 7% CAGR from 2023 to 2032, due to rapid urbanization and industrialization in the nation.

Some of the influential smart ring main unit firms in APAC include alfanar Group, CHINT Group, HD HYUNDAI ELECTRIC CO., LTD., Lucy Group Ltd., Electric & Electronic Co., Ltd., Schneider Electric, Siemens, ABB, Toshiba Energy Systems & Solutions Corporation, Orecco, and Eaton.