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Ring Main Unit Market Share

Report ID: GMI1477
Published Date: Sep 2022
Report Format: PDF

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Ring Main Unit Market Share

Major companies operating in the ring main unit market are

ABB, Eaton
Schneider Electric
CG Power & Industrial Solutions Ltd.
Siemens Energy
Lucy Group Ltd.
LS ELECTRIC Co., Ltd.
TIEPCO
Hyundai Electric & Energy Systems Co., Ltd.
Toshiba Energy Systems & Solutions Corporation
alfanar Group
CHINT Group
ELECTRIC&ELECTRONIC CO., LTD.
Ormazabal
Orecco

These manufacturers are foraying into strategic collaborations and ramping up expansion efforts to support consistent developments of power-generating sources.

For example, In June 2022, Mitsubishi disclosed plans to build a new manufacturing unit for Factory Automation Control Systems in India and expand its production capacity in the country. The manufacturing facility will be backed by a USD 27 million worth of investment from Mitsubishi Electric India and will begin operation in December 2023.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of ring main unit surpassed USD 3 billion in 2023 and is estimated to witness over 7.9% CAGR from 2024-2032.

The air-insulated ring main unit industry crossed USD 160 million in 2021 and is anticipated to register significant growth owing to benefits such as high insulating value and a compact structure.

The North America market is projected to exceed USD 900 million by 2030, with higher investments in grid infrastructure refurbishments and rapid adoption of renewables.

ABB, Eaton, Schneider Electric, Siemens Energy, Lucy Group Ltd., TIEPCO, Hyundai Electric & Energy Systems Co., Ltd., alfanar Group, and CHINT Group are some of the leading organizations in market.