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Non-Motorized Ring Main Unit Market Size - By Installation (Indoor, Outdoor), By Application (Distribution Utilities, Infrastructure), 2023 - 2032

  • Report ID: GMI7450
  • Published Date: Nov 2023
  • Report Format: PDF

Non-Motorized Ring Main Unit Market Size

Non-Motorized Ring Main Unit Market was valued at USD 700 million in 2022 and is predicted to showcase about 7.5% CAGR between 2023 and 2032. The increasing emphasis on sustainable energy solutions and the rising demand for reliable power distribution infrastructure in urban and rural areas are primary growth drivers. Additionally, the growing integration of renewable energy sources into existing grids necessitates efficient and flexible distribution solutions, propelling the adoption of non-motorized ring main units.
 

Non-Motorized Ring Main Unit Market

Advancements in technology, such as the development of smart grids and digitalization, are fostering the market's expansion by enhancing the operational efficiency and monitoring capabilities of these units. Moreover, the focus on reducing maintenance costs and enhancing grid resilience is fueling the uptake of non-motorized ring main units, positioning them as indispensable components in modern power distribution networks.
 

COVID-19 Impact

The COVID-19 pandemic significantly affected the non-motorized ring main unit market, causing disruptions in manufacturing, supply chain constraints, and reduced investments in infrastructure projects due to economic uncertainties. Lockdowns and restrictions led to delayed deployments and installations, impacting the market's growth. However, there was an increased focus on remote monitoring and maintenance solutions, accelerating the adoption of digital technologies. Overall, the market experienced fluctuations, with a temporary slowdown followed by a gradual recovery as industries adapted to the changing landscape and recovery efforts gained momentum.
 

Non-Motorized Ring Main Unit Market Trends

In the non-motorized ring main unit industry, several prominent trends are shaping its trajectory. One key trend is the increasing integration of smart technologies and digitalization within these units, enabling remote monitoring, predictive maintenance, and enhanced operational efficiencies. Moreover, there's a growing emphasis on sustainability, leading to the development of eco-friendly and energy-efficient ring main units that align with stringent environmental regulations. Furthermore, the rising adoption of renewable energy sources is driving innovations in ring main units to facilitate seamless integration and management of diverse energy inputs within distribution networks, reflecting a trend towards greater grid resilience and adaptability.
 

Non-Motorized Ring Main Unit Market Analysis

Non-Motorized RingMain Unit Market Size, By Installation, 2021 - 2032, (USD Million)

The indoor segment dominated with over 55% market share in 2022 and is expected to grow steadily at a growth rate of 7.5% annually until 2032 due to the demands of urbanization, requiring effective power distribution within confined spaces. Safety indoors is a key concern, and RMUs stand out for their advanced protective features against environmental elements and tampering. Innovations such as remote monitoring and smart functionalities meet the growing need for integrated systems indoors. Energy efficiency is pivotal, making non-motorized RMUs an appealing option for indoor installations and propelling their ongoing growth in the market.
 

Non-Motorized Ring Main Unit Market Share, By Application, 2022

The distribution utilities segment crossed USD 340 million in 2022 and are expected to witness continued growth due to the escalating global need for enhanced distribution networks. As infrastructure demands modernization, utilities are turning to RMUs equipped with advanced features like remote monitoring and fault detection to elevate reliability and operational efficiency. The expansion of cities and the rise of smart grid initiatives underscore the crucial role of RMUs, providing compact solutions that address space limitations and cater to the technological requirements of urban settings.
 

Asia Pacific Non-Motorized Ring Main Unit Market Size, 2021 - 2032, (USD Million) 

The Asia-Pacific non-motorized ring main unit market is undergoing significant growth driven by the rapid urbanization, particularly in countries like China and India, is spurring a heightened demand for effective and space-efficient power distribution solutions, a niche where RMUs excel. Additionally, the region's emphasis on infrastructure development, especially in smart cities, is propelling the adoption of RMUs equipped with advanced features such as remote monitoring and automation, perfectly aligning with the technological demands of these burgeoning urban hubs.
 

The widespread transition to renewable energy sources in Asia-Pacific nations requires adaptable distribution systems, and RMUs play a pivotal role in seamlessly integrating these resources into existing grids. Strict government regulations stressing safety, energy efficiency, and compliance are also driving the growth of the non-motorized RMU market by encouraging utilities to invest in dependable and sustainable power distribution solutions.
 

Non-Motorized Ring Main Unit Market Share

ABB maintains a leading position in the non-motorized RMU segment due to several key factors. Their extensive expertise and well-established presence in the power distribution sector position them as a trusted and dependable provider. ABB's RMUs feature advanced technological capabilities such as remote monitoring, fault detection, and smart functions, catering to the evolving needs of utilities and industries. Their global presence enables tailored solutions to meet diverse market requirements, backed by a strong network of service and support. A commitment to innovation, strict adherence to safety standards, and a focus on sustainable, energy-efficient solutions further reinforce ABB's dominance in the non-motorized RMU market.
 

Some of the key market players operating across the non-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
     

Non-Motorized Ring Main Unit Industry News

  • In April 2023, ABB revealed plans for significant expansion within the U.S., entailing a significant investment of about USD 170 million. This strategic move includes the launch of an advanced services facility in New Berlin, Wisconsin, signifying ABB's commitment to strengthening its position in the U.S. market and driving growth in the electrification and automation industries. The investment aims to enhance ABB's innovation, manufacturing, and distribution capabilities, creating numerous opportunities for highly skilled employment.
     

This non-non-motorized ring main unit market research report includes an in-depth coverage of the industry with estimates & forecast in terms of units and revenue in ‘000 Units and USD Million from 2019 to 2032, for the following segments:

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Market, By Installation

  • Indoor
  • Outdoor

Market, By Application

  • Distribution Utilities
  • Infrastructure
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico 
  • Europe
    • Germany
    • Italy
    • Spain
    • France
    • Sweden
    • Greece
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Kuwait
    • South Africa
    • Qatar
  • Latin America
    • Brazil
    • Chile
    • Peru
    • Argentina

 

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of non-motorized ring main unit was surpassed USD 700 million in 2022 and is projected to grow at 7.5% CAGR from 2023 to 2032, due to the increasing emphasis on sustainable energy solutions and the rising demand for reliable power distribution infrastructure in urban and rural areas.

Non-motorized ring main unit market from the distribution utilities application segment reached USD 340 million in 2022 and is expected to witness continued growth up to 2032, due to the escalating global need for enhanced distribution networks.

Asia Pacific non-motorized ring main unit market is expected to gain significant traction through 2032, owing to the rapid urbanization, particularly in countries like China and India.

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, and alfanar Group are some key non-motorized ring main unit companies.

Non-Motorized Ring Main Unit Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 526
  • Countries covered: 24
  • Pages: 400
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