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North America Gas Insulated Smart Ring Main Unit Market Trends

Report ID: GMI7390
Published Date: Nov 2023
Report Format: PDF

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North America Gas Insulated Smart Ring Main Unit Market Trends

Several notable trends impacting the North America gas insulated smart ring main unit industry include a heightened focus on grid modernization and reliability. Environmental sustainability remains a significant driver, leading to a shift towards eco-friendly, SF6-free RMUs and a push for greater energy efficiency. The growing integration of renewable energy sources into the grid has also driven the need for more flexible and adaptable RMUs that can handle distributed energy resources effectively. Cybersecurity concerns are prompting the development of RMUs with robust security features to protect against cyber threats.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America gas insulated smart ring main unit was exceeded USD 345 million in 2022 and is anticipated to reach over USD 800 million by 2032, due to the increasing emphasis on the modernization and upgrade of aging electricity distribution infrastructure.

North America 2-3-4 position gas insulated smart RMU industry reached over USD 165 million in 2022 and is expected to attain over 8% CAGR until 2032, owing to the broader trends in the electrical distribution sector.

U.S. gas insulated smart ring main unit market size is anticipated to witness 8% CAGR between 2023 and 2032, owing to the increasing demand for reliable and efficient distribution of electricity, especially in urban areas.

ABB, Eaton, Schneider Electric, CG Power & Industrial Solutions Ltd., Siemens, LS ELECTRIC Co., Ltd., HD HYUNDAI ELECTRIC CO., LTD., alfanar Group, Ormazabal, and G&W Electric, Alstom are some major gas insulated smart ring main unit providers in North America.