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Europe Gas Insulated Smart Ring Main Unit Market Trends

Report ID: GMI7111
Published Date: Oct 2023
Report Format: PDF

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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.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of gas insulated ring main unit in Europe was worth 413.9 million in 2023 and is anticipated to reach over USD 914.9 million by 2032.

Motorized RMUs segment was valued at USD 250 million in 2022 and is projected to surpass USD 640 million by 2032 owing to their capacity to enhance operational efficiency and control.

France gas insulated smart RMU market is projected to record more than 7.5% CAGR from 2023 to 2032, owing to the country’s dedication to reducing greenhouse gas emissions and transitioning to renewable energy sources.

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, and Alstom.