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Motorized Gas Insulated Smart Ring Main Unit Market Trends

Report ID: GMI8364
Published Date: Mar 2024
Report Format: PDF

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Motorized Gas Insulated Smart Ring Main Unit Market Trends

The motorized gas insulated smart ring main unit industry is witnessing a notable growth owing to a substantial shift towards sustainable and eco-friendly solutions with a lower environmental impact. The growing emphasis on smart technologies, with increasing investments across smart grid technologies and integration of advanced monitoring & control systems to optimize grid efficiency & reliability will positively shape the industry dynamics. Moreover, the rising demand for motorized RMU devices equipped with compact designs, remote operation capabilities, enabling efficient maintenance, and fault management.

Authors: Ankit Gupta , Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of motorized gas insulated smart ring main unit was reached USD 913.1 million in 2023 and is set to grow at over 8.8% CAGR up to 2032, driven by the increasing emphasis on grid modernization and the integration of smart technologies.

The distribution utilities segment in the motorized gas insulated smart ring main unit market is expected to strike over 8% CAGR from 2024 to 2032, as rising environmental concerns propel research into eco-friendly alternatives to SF6 gas.

Europe motorized gas insulated smart ring main unit market is anticipated to reach over USD 635 million by 2032, owing to the ongoing smart grid initiatives across the region.

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