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Asia Pacific Gas Insulated Ring Main Unit Market Analysis

  • Report ID: GMI6972
  • Published Date: Oct 2023
  • Report Format: PDF

Asia Pacific Gas Insulated Ring Main Unit Market Analysis

Asia Pacific Gas Insulated Ring Main Unit Market Size, By Position, 2021 - 2032, (USD Million)

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Based on position, the RMUs with 3-position held the majority market share of over 47% in 2022 and is anticipated to witness 5.5% growth rate through 2032. The rapid urbanization and economic development in many Asia-Pacific nations is leading to a surge in commercial and residential establishments. As these countries experience growth, there is an increasing demand for reliable and efficient power distribution solutions. The advanced features and capabilities of 3-position RMUs make them well-suited to meet these demands, enhancing the electricity supply in the region.
 

Asia Pacific Gas Insulated Ring Main Unit Market Share, By Installation, 2022

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The Indoor installations segment accounted for a market value of USD 450 million in 2022 and are projected to reach over USD 860 million by 2032. Driven by ongoing investments in research and development (R&D) aimed at creating compact and intelligent control equipment. The industry's emphasis on innovation is leading to the development of advanced indoor RMUs, which are not only space-efficient but also feature intelligent control capabilities, addressing the increasing constraints on available space in various applications.
 

The market for gas insulated RMUs equipped with self-powered electronic relays is set to register gains at nearly 7% till 2032. The integration of electronic relays enables the accurate monitoring of diverse parameters, facilitating real-time assessment of the power distribution system. This precision in monitoring significantly enhances the overall performance and reliability of the RMUs. Furthermore, the effectiveness of fault response techniques associated with self-powered electronic relay-based RMUs is propelling their popularity. The ability to promptly identify and isolate faults contributes significantly to the enhanced reliability and efficiency of the power distribution system, making these RMUs a preferred choice in the market.
 

The distribution utilities sector significantly dominates the Asia Pacific gas insulated ring main unit market. This dominance is propelled by the proliferation of utility-based facilities aimed at meeting the escalating electricity requirements in both urban and rural regions. The market share of distribution utilities is further bolstered by supportive government initiatives and strategic actions geared towards deregulation and the enhancement of demand-supply networks. These combined factors play a pivotal role in driving the dynamic expansion of the RMU industry in the Asia-Pacific region.
 

China Gas Insulated Ring Main Unit Market Size, 2021 - 2032, (USD Million)

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The China gas insulated ring main unit market  is likely to showcase 5% CAGR from 2023 to 2032. China’s ever-increasing urbanization and industrialization plays a major role in augmenting the product deployment, through driving the demand for reliable and efficient power distribution solutions. With rapid economic development, urban expansion, and the establishment of industrial hubs, there is a substantial need for robust electricity distribution networks, where RMUs play a vital role. Moreover, China's commitment to enhancing its power infrastructure and grid modernization initiatives, along with a focus on integrating renewable energy sources into the grid, amplifies the demand for advanced RMUs.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of gas insulated ring main unit in APAC was surpassed USD 849.8 million in 2023 and is projected to grow at over 6.3% CAGR from 2024 to 2032, driven by the rising demand for electricity due to robust population growth, industrial expansion, and technological progress.

The indoor installation segment generated more than USD 450 million in 2022 and is estimated to exceed USD 860 million by 2032, attributed to the ongoing R&D investments for creating compact and intelligent control equipment.

China gas insulated RMU market will witness robust growth at over 5% CAGR from 2023 to 2032 driven by the ever-increasing urbanization and industrialization in the region.

Some of the key gas insulated ring main unit firms in APAC include ABB, Siemens, LS ELECTRIC Co., Ltd., Schneider Electric, Ormazabal, ELECTRIC&ELECTRONIC CO., LTD., CG Power & Industrial Solutions Ltd., Orecco, Eaton, Lucy Group Ltd., and HD Hyundai Electric Co., Ltd.,

Asia Pacific Gas Insulated Ring Main Unit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 254
  • Countries covered: 5
  • Pages: 220
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