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Gas Insulated Ring Main Unit Market Trends

  • Report ID: GMI6688
  • Published Date: Sep 2023
  • Report Format: PDF

Gas Insulated Ring Main Unit Market Trends

There is a growing trend toward using eco-friendly alternatives to sulfur hexafluoride (SF6) gas, which is commonly used as an insulating medium in RMUs, in order to address environmental concerns and reduce greenhouse gas emissions. The integration of digital technologies, such as Internet of Things (IoT), sensors, and data analytics, is becoming more prevalent in gas-insulated RMUs. Moreover, there is an increasing demand for gas-insulated RMUs with modular and compact designs. Modular designs facilitate quicker deployment and minimize downtime during maintenance or repairs, which in turn augments the gas insulated ring main unit market penetration.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of gas insulated ring main unit was reached USD 2.3 billion in in 2023 and may surpass USD 4.2 billion by 2032, due to the increasing demand for electricity, marked by rapid population growth, industrial development, and technological advancements.

Demand for indoor installed gas insulated ring main units is likely to exceed USD 2.4 billion by 2032, driven by the ongoing investments in R&D to develop smart and compact control equipment.

Asia Pacific market for gas insulated ring main unit is anticipated to exceed USD 1.4 billion by 2032, owing to the surge in demand for reliable and uninterrupted electricity, particularly in remote locations.

ABB, Siemens, LS ELECTRIC Co., Ltd., Schneider Electric, Ormazabal, ELECTRIC&ELECTRONIC CO.,LTD., CG Power & Industrial Solutions Ltd., Orecco, Eaton, ElectroPool, Lucy Group Ltd., and HD Hyundai Electric Co., Ltd. are some prominent gas insulated ring main unit companies.

Gas Insulated Ring Main Unit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 815
  • Countries covered: 20
  • Pages: 595
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