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Gas Insulated Smart Ring Main Unit Market Share

Report ID: GMI6739
Published Date: Sep 2023
Report Format: PDF

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Gas Insulated Smart Ring Main Unit Market Share

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

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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of gas insulated ring main unit was worth USD 1.5 billion in 2023 and will record over USD 3 billion by 2032, due to the rapid urbanization and industrialization along with the increasing demand for reliable and efficient electrical distribution networks worldwide.

Gas insulated ring main unit industry from the 2-3-4 position segment recorded more than USD 650 million in 2022 and is anticipated to grow at over 7.5% CAGR from 2023 to 2032, on account of the rising need for reliable, flexible, and safe medium-voltage distribution solutions.

Asia Pacific market for gas insulated ring main unit is expected to register over 7.5% CAGR from 2023 to 2032, owing to the rapid urbanization, industrialization, and infrastructure expansion in the region.

Toshiba Energy Systems & Solutions Corporation, ABB, G&W Electric, Lucy Group Ltd., Ormazabal, Siemens, Schneider Electric, LS ELECTRIC Co., Ltd., Electric & Electronic Co. are some of the major gas insulated ring main unit companies worldwide.