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Motorized Ring Main Unit Market Share

Report ID: GMI7432
Published Date: Nov 2023
Report Format: PDF

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Motorized Ring Main Unit Market Share

ABB maintains a dominant market share in the motorized ring main unit due to several key factors. Their extensive experience and established presence in the power distribution sector position them as a trusted and reliable provider. ABB's RMUs boast advanced technological features, including remote monitoring, fault detection, and smart functionalities, meeting the evolving demands of utilities and industries. Their global reach allows tailored solutions for diverse market needs, supported by a robust network of service and support. A commitment to innovation, adherence to stringent safety standards, and a focus on sustainable, energy-efficient solutions further solidify ABB's stronghold in the motorized RMU market.

Some of the key market players operating across the motorized ring main unit industry are:

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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of motorized ring main unit was worth USD 1.1 billion in 2022 and is expected to register over 9% CAGR from 2023 to 2032, due to the increasing demand for reliable electricity distribution networks, especially in urban areas and industries worldwide.

The indoor installation segment held more than 60% share of the motorized ring main unit industry in 2022 owing to rapid urbanization, necessitating efficient power distribution in limited spaces.

The distribution utilities application segment was recorded USD 490 million in 2022 and is expected to register commendable CAGR from 2023-2032 due to the rising requirement of improved distribution networks across the globe.

ABB, Eaton, Schneider Electric, CG Power & Industrial Solutions Ltd., Siemens, Lucy Group Ltd., LS ELECTRIC Co. Ltd., and TIEPCO are some of the major motorized ring main unit companies worldwide.