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Smart Ring Main Unit Market Share

Report ID: GMI6540
Published Date: Aug 2023
Report Format: PDF

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Smart Ring Main Unit Market Share

Major companies operating in the smart ring main unit market include

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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of smart ring main unit recorded USD 2 billion in 2023 and is set to reach USD 4.2 billion by 2032, due to increasing need for efficient distribution and control systems for transmission worldwide.

The gas insulation segment held over 74% of the market share in 2022, on account of its compact system design, strong dielectric strength, and reliable operational safety.

North America market size is expected to witness 8.2% CAGR from 2023 to 2032, owing to the escalating need for consistent and uninterrupted electricity supply coupled with the concerted efforts towards electrification in the region.

ABB, Eaton, Schneider Electric, CG Power & Industrial Solutions Ltd., Siemens, Lucy Group Ltd., LS ELECTRIC Co. Ltd., TIEPCO, HD HYUNDAI ELECTRIC CO., LTD., and Toshiba Energy Systems & Solutions Corporation are some of the major smart ring main unit companies worldwide.