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Motorized Ring Main Unit Market Trends

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

Motorized Ring Main Unit Market Trends

The motorized RMU industry is witnessing several notable trends. There's a growing emphasis on smart grid technologies, propelling the integration of motorized RMUs to enhance grid reliability and distribution efficiency. This includes increased automation, remote monitoring, and predictive maintenance capabilities, aligning with the broader shift toward digitalization and IoT in energy infrastructure. Sustainability initiatives and the rising demand for renewable energy integration are driving the need for adaptable and versatile RMUs capable of accommodating diverse energy sources. Moreover, market players are focusing on compact and environmentally friendly designs, emphasizing reduced footprint and eco-friendly materials to align with stringent environmental regulations and meet consumer preferences for greener solutions.

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.

Motorized Ring Main Unit Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 526
  • Countries covered: 21
  • Pages: 400
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