Europe Gas Insulated Smart Ring Main Unit Market Size - By Technology (Motorized RMU, Non - Motorized RMU), Component (Switch & Fuses, Self-Powered Electronic Relay, Automation RTUs, UPS, Short Circuit Indicators, VDIS), Position, Application & Forecast, 2024 – 2032

Europe Gas Insulated Smart Ring Main Unit Market Size

Europe Gas Insulated Smart Ring Main Unit Market was value at USD 413.9 million in 2023 and is anticipated to grow at a CAGR of over 9.1% between 2024 and 2032. The increasing demand for efficient and reliable distribution of electricity in urban areas is fueling the adoption of smart RMUs, which offer advanced monitoring, control, and automation capabilities. According to Eurostat, in 2021, renewable energy accounted for approximately 21% of the total energy consumption in the European Union. Moreover, between 2004 and 2021, the share of renewable energy more than doubled, thanks to the region's ambitious goals to reduce its reliance on traditional fuels. 
 

The increasing trend of urbanization and infrastructure development necessitates robust and automated distribution networks, making smart RMUs the preferred choice due to their advanced monitoring and control capabilities. Furthermore, the digitization of power distribution, made possible by smart RMUs, allows for real-time data analysis and predictive maintenance, ultimately enhancing the resilience of the grid. These combined trends are contributing to the growth of the smart RMU market in Europe, as the region strives for sustainable and efficient energy management.
 

COVID– 19 Impact

The COVID-19 pandemic initially caused disruptions in the Europe gas insulated smart ring main unit market, resulting in supply chain challenges and project delays. However, the market rebounded due to the increasing focus on digitalization and grid resilience, accelerating the adoption of smart RMUs. The pandemic highlighted the importance of reliable electricity distribution, driving investments in advanced monitoring and automation solutions. The market demonstrated resilience and adaptability, ultimately leading to a renewed and sustained growth trajectory in the post-pandemic period.
 

Europe Gas Insulated Smart Ring Main Unit Market Trends

Europe gas insulated smart ring main unit industry is witnessing several prominent trends. there's a growing emphasis on grid modernization and the integration of renewable energy sources, driving the adoption of smart RMUs to enhance grid efficiency and flexibility. Environmental sustainability and stringent regulations are promoting eco-friendly alternatives, encouraging the use of RMUs with lower environmental impact. Additionally, the convergence of IoT and digitalization is enabling advanced monitoring, control, and predictive maintenance, making RMUs smarter and more efficient.
 

Europe Gas Insulated Smart Ring Main Unit Market Analysis:

In the European region, the 2-3-4 position ring main unit segment exceeded USD 180 million in 2022 and is projected to maintain a robust CAGR of over 8.5% 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 is boosting the demand for dependable, flexible, and secure medium-voltage distribution solutions. The aging electrical infrastructure in Europe necessitates reliable circuit breakers in 2-position RMUs to ensure the safe interruption of electrical circuits.
 

The motorized RMUs was worth USD 250 million in 2022 and is predicted to surpass USD 640 million by 2032. The adoption of advanced RMUs with motorized mechanisms is on the rise, primarily driven by their capacity to enhance operational efficiency and control. These units are gaining popularity due to their capability to offer precise and remote switching, thereby streamlining power distribution and ensuring grid reliability. Moreover, motorized smart RMUs are in perfect alignment with the current push for grid modernization and the integration of renewable energy sources, making them integral components in the evolution of electrical infrastructure.
 

The Europe gas insulated smart ring main unit market is currently witnessing substantial growth, primarily attributed to the increasing automation of Remote Terminal Unit (RTU) components. Smart RMUs equipped with automated RTU components provide advanced monitoring, data analysis, and real-time communication capabilities, facilitating precise control and swift response to grid events. In Europe, the integration of renewable energy sources, smart grid initiatives, and the imperative for grid resilience have heightened the demand for automation. The incorporation of RMU component automation aligns harmoniously with these goals, rendering them essential for the modernization of Europe's electrical infrastructure and playing a substantial role in expanding the market.
 

Gas insulated smart RMUs have diverse applications across sectors such as transportation, industries, distribution utilities, infrastructure, and more. In the European gas insulated smart ring main unit market, substantial growth is being driven by distribution utilities. These utilities play a crucial role in ensuring the dependable and efficient distribution of power throughout the region. The growing demand for grid modernization, the integration of renewable energy sources, and the adoption of smart grid technologies have prompted distribution utilities to invest in advanced RMUs. These intelligent RMUs provide enhanced grid management, remote control, and real-time monitoring capabilities, aligning perfectly with utilities' objectives to enhance grid reliability and efficiency.
 

The gas insulated smart RMU market in France is slated to exhibit a CAGR of 7.5% through 2032. Driven by a heightened focus on grid modernization and the integration of advanced electrical distribution solutions to improve grid reliability and efficiency. France's dedication to reducing greenhouse gas emissions and transitioning to renewable energy sources is further accelerating the adoption of environmentally-friendly RMUs. Moreover, the expansion of urban areas and infrastructure development projects necessitates the adoption of smart RMUs for the efficient distribution of power. The French market is also influenced by the increasing recognition of the advantages offered by smart RMUs in terms of real-time monitoring and control capabilities, which are paramount for effective grid management.
 

Europe Gas Insulated Smart Ring Main Unit Market Share

ABB maintains a prominent position in the European gas insulated smart ring main unit (RMU) market, leveraging several strategic advantages. Renowned for its innovation, ABB consistently introduces state-of-the-art RMU solutions tailored to meet the evolving grid and energy requirements in Europe. Their strong commitment to sustainability aligns with the region's shift towards green energy, offering environmentally-friendly RMUs. ABB's expansive network and robust after-sales support significantly contribute to customer satisfaction and loyalty. Furthermore, their ability to cater to diverse market segments, ranging from urban to rural areas, positions them as a versatile RMU provider in Europe.
 

The major contenders in the Europe gas insulated smart ring main units industry include:

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

Europe Gas Insulated Smart Ring Main Unit Market News:

• In June 2022, Schneider Electric introduced GM AirSeT, a medium-voltage switchgear at Hannover Messe. The innovative GM AirSeT technology offers green & digital solutions for primary Gas-insulated Switchgear (GIS) in electrical networks, particularly suited for demanding applications in industrial buildings & critical infrastructure. This introduction signified the company’s commitment to developing a comprehensive portfolio of sustainable & next-generation solutions. Moreover, this launch enabled the company to gain a strong market position in the MV switchgear portfolio.
   

This Europe gas insulated smart ring main unit market research report includes 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:

• UK
• Germany
• Italy
• Spain
• France
• Sweden
• Greece