Ring Main Unit Market by Type, Installation, Voltage Rating, Application

List of Tables

[187 Pages Report] The Ring Main Unit Market size was estimated at USD 2.83 billion in 2023 and expected to reach USD 3.07 billion in 2024, at a CAGR 8.65% to reach USD 5.06 billion by 2030.

Ring main units are electrical devices used for power distribution in medium-voltage networks. These units are vital connection points in electrical distribution systems that ensure reliable and efficient energy management. Ring main units function as secondary switchgear within power distribution networks, and they enable an uninterrupted power supply by interconnecting multiple feeders through a closed-loop system. The primary applications of RMUs include transformer substations and distribution substations to facilitate reliable electricity supply to end users. An increase in transmission & distribution network expansion with growing urbanization and industrialization is the primary factor accelerating the use of ring main units. Rising investments in renewable energy generation projects such as solar parks or wind farms require efficient grid connections enabled by RMUs. However, high initial investments & installation costs associated with ring main units and the potential risk of gas leakages from gas-insulated switchgear (GIS) leading to environmental concerns limit the product penetration. Market players are working on deploying products focused on economies of scale production and are integrating advanced technologies such as automation & IoT in smart grids to enable better network monitoring & control. Recently, the market has also seen opportunities for the expansion of customized and modular RMU solutions that can adapt to different applications, environments, and power requirements.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.83 billion
Estimated Year [2024]	USD 3.07 billion
Forecast Year [2030]	USD 5.06 billion
CAGR (%)	8.65%

Type: Solid dielectric RMUs increased safety for personnel, as well as low total life cycle costs

Air-insulated RMUs utilize atmospheric air as the primary dielectric medium, providing a cost-effective solution for low and medium-voltage applications. An air-insulated switchgear is typically preferred in situations where a compact design is not crucial or when maintenance is readily accessible. They are suitable for lower-budget projects and applications with ample space. Gas-insulated RMUs use sulfur hexafluoride (SF6) gas as the insulating and arc quenching medium. The high dielectric strength of SF6 makes these units more compact, making them ideal for space-constrained installations such as urban substations or offshore platforms. Gas-insulated switchgear offers enhanced protection against external environmental factors and reduced maintenance requirements compared to other insulation types. Oil-insulated RMUs feature insulation oil as the dielectric medium and are preferred in specific power distribution applications due to their high short-circuit withstand capability. However, oil-insulated RMUs have higher maintenance requirements and pose environmental risks due to potential oil leakages. Solid dielectric RMUs utilize solid epoxy or other such materials as the insulating medium. They offer an eco-friendly, low-maintenance alternative to traditional insulating mediums, including SF6 gas and insulation oil. Solid dielectric switchgear has gained popularity in recent years because it addresses environmental concerns while providing reliable performance.

Installation: Significant benefits of outdoor RMUs to endure harsh weather conditions

The indoor installation segment of ring main units (RMUs) entails placing and using these units within a building or an indoor facility. RMUs designed for indoor use typically have specific features such as compactness, lower noise levels, and enhanced insulation to withstand the indoor environment's conditions. There is a need-based preference for indoor RMUs in situations where protection from external environmental factors such as rain, extreme temperatures, or corrosive atmospheres is essential to ensure the unit's longevity and reliability. Outdoor RMU installations are prevalent in environments with limited or unavailable indoor space. Ring main units for outdoor applications are designed to be robust and weather-resistant and often include UV protection, waterproof enclosures, and anti-corrosive treatments to withstand harsh external conditions. Need-based preferences for outdoor RMUs include utility transmission and distribution networks, renewable energy installations, and industrial plants where direct environmental exposure cannot be avoided.

Voltage Rating: Higher deployment of 15 kV units suitable for localized distribution and consumer-level usage

The 16-25 kV segment caters primarily to medium voltage applications, often found in industrial settings and urban distribution networks. The preference for this voltage range comes from its ability to handle higher loads, making it suitable for areas with relatively heavy power consumption. Manufacturers offering products in this category typically focus on robustness and reliability, as these units are expected to perform under strenuous conditions without significant maintenance. Ring main units rated above 25 kV are typically used for high-voltage applications suitable for primary distribution networks. This range is usually employed by utilities and large-scale industrial projects where high power transfer is necessary. The key considerations for this segment include advanced protective features, the ability to withstand high-stress conditions, and integration capabilities with smart grid technologies. The up to 15 kV voltage range is designed for low to medium-voltage power distribution networks, such as in small-scale industrial setups and commercial and residential areas. These units are preferred for applications where space constraints and cost-effectiveness are key considerations without compromising the essential safety and reliability standards. They are regular fixtures in compact substations and as secondary distribution units.

Application: Growing demand for RMUs in industrial applications for durability and maintenance simplicity in rugged conditions

In the commercial sector, ring main units (RMUs) are extensively used in various establishments such as shopping centers, high-rise buildings, airports, and other public places where reliable power distribution is crucial. These environments typically demand compact ring main units that have a high level of safety and are flexible enough to accommodate future expansions. Energy efficiency is also a significant consideration within the commercial segment as operators look to reduce operating costs and adhere to stricter energy regulations. Industrial settings demand RMUs that are robust and capable of withstanding harsh environments. Ring main units in industrial applications, including manufacturing plants, refineries, or power generation stations, need to handle high electrical loads and provide continuous operation under strenuous conditions.

Regional Insights

The ring main unit (RMU) market in the Americas is advanced, driven by the availability of high-quality products by established companies to meet the evolving requirements of the smart grid infrastructure and renewable energy integration. Manufacturers in the region leverage innovative technologies such as IoT-based monitoring systems, advanced circuit breaker designs, and compact modular RMUs while forming strategic partnerships with local companies and investing in research & development activities. Asia is experiencing rapid urbanization and industrialization trends, driving strong demand for RMUs. Emerging economies such as China and India are aggressively investing in power distribution infrastructure development to meet their growing energy needs, and initiatives promoting renewable energy integration into the grid have resulted in increased demand for RMUs in countries including Japan and South Korea. Europe has a mature and well-established power distribution infrastructure; however, there is an increasing emphasis on integrating renewable energy sources into the grid to reduce carbon emissions. This has led to growth in demand for RMUs for projects such as smart grids and microgrids.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Ring Main Unit Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Ring Main Unit Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Ring Main Unit Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Al Hamad Industries Int'L F.Z.E, Alfanar Group, BVM Technologies Pvt. Ltd., China Transpowers Electric Co., Limited, Eaton Corporation PLC, Entec Electric & Electronic, EPE Malyasia, Gedac Electric, General Electric Company, Holley Technology Ltd., Indkom Engineering Sdn. Bhd, Larsen & Toubro Ltd, LS Electric Co., Ltd., Lucy Group Ltd., Natus GmbH & Co. KG, Orecco Electric, Ormazabal, Rockwill Electric Group, Schneider Electric SE, Shinsung Industrial Electric Co., Ltd., Siemens AG, Sigma Electric Co., TIEPCO, and Yueqing Liyond Electric Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Ring Main Unit Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Air Insulated
- Gas Insulated
- Oil Insulated
- Solid Dielectric Material

Installation
- Indoor
- Outdoor

Voltage Rating
- 16-25 kV
- Above 25 kV
- Up to 15 kV

Application
- Commercial
- Industrial

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Ring Main Unit Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Ring Main Unit Market?

3. What are the technology trends and regulatory frameworks in the Ring Main Unit Market?

4. What is the market share of the leading vendors in the Ring Main Unit Market?

5. Which modes and strategic moves are suitable for entering the Ring Main Unit Market?

Product Code: MRR-0375F3EAA889

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing focus on improving electrical power distribution system for rising demand of electricity globally
  - 5.1.1.2. Rising establishment of the smart grids and renewable energy-based capacity
- 5.1.2. Restraints
  - 5.1.2.1. High costs associated with ring main units (RMUs)
- 5.1.3. Opportunities
  - 5.1.3.1. Government designed standards for manufacturing ring main units (RMUs)
  - 5.1.3.2. Rising investment towards development of new energy distribution network
- 5.1.4. Challenges
  - 5.1.4.1. Operational and maintenance issues associated with the ring main units
5.2. Market Segmentation Analysis
- 5.2.1. Type: Solid dielectric RMUs increased safety for personnel, as well as low total life cycle costs
- 5.2.2. Installation: Significant benefits of outdoor RMUs to endure harsh weather conditions
- 5.2.3. Voltage Rating: Higher deployment of 15 kV units suitable for localized distribution and consumer-level usage
- 5.2.4. Application: Growing demand for RMUs in industrial applications for durability and maintenance simplicity in rugged conditions
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Ring Main Unit Market, by Type

6.1. Introduction
6.2. Air Insulated
6.3. Gas Insulated
6.4. Oil Insulated
6.5. Solid Dielectric Material

7. Ring Main Unit Market, by Installation

7.1. Introduction
7.2. Indoor
7.3. Outdoor

8. Ring Main Unit Market, by Voltage Rating

8.1. Introduction
8.2. 16-25 kV
8.3. Above 25 kV
8.4. Up to 15 kV

9. Ring Main Unit Market, by Application

9.1. Introduction
9.2. Commercial
9.3. Industrial

10. Americas Ring Main Unit Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Ring Main Unit Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Ring Main Unit Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. ABB to launch an array of products and solutions at ELECRAMA 2023
- 13.3.2. Schneider Electric launches green switchgear range
- 13.3.3. Enel to Provide Reliable and Sustainable Electricity across its Networks with world's first 24kV SF6-free GIS Ring Main Units
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio