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Non-Motorized Ring Main Unit Market Trends

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

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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.

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.