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Asia Pacific Gas Insulated Smart Ring Main Unit Market Analysis

  • Report ID: GMI6776
  • Published Date: Sep 2023
  • Report Format: PDF

Asia Pacific Gas Insulated Smart Ring Main Unit Market Analysis

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

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The 2-3-4 position ring main unit was worth USD 200 million in 202 and is anticipated to maintain a robust CAGR of over 7% through 2032. This growth can be attributed to several key drivers aligned with broader trends in electrical distribution. The imperative of grid modernization and the integration of renewable energy sources are boosting the demand for dependable, flexible, and secure medium-voltage distribution solutions. The aging electrical infrastructure necessitates reliable circuit breakers in 2-position RMUs to ensure the safe interruption of electrical circuits. These factors collectively contribute to the Asia Pacific gas insulated smart ring main unit market.
 

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

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The Motorized RMUs achieved a market value exceeding USD 250 million in 2022 and is projected to surpass USD 600 million by 2032. Driven by the increasing demand for reliable power distribution solutions in areas with limited space, such as densely populated urban centers, which in turn is favoring motorized RMUs due to their compact design. The rising adoption of electric vehicles (EVs) is driving the need for enhanced grid infrastructure, including motorized RMUs, to support the increased power demand from EV charging stations. Government initiatives and incentives aimed at modernizing and digitizing power grids are encouraging utilities and industries to invest in advanced RMUs with automation and smart grid capabilities.
 

The distribution utilities play a pivotal role in driving significant trends and fostering growth within the Asia Pacific gas insulated smart ring main unit market. The growing emphasis on grid modernization and digitalization is compelling utilities to adopt advanced RMUs equipped with smart monitoring and remote control capabilities, ultimately enhancing grid efficiency and reliability. Furthermore, the integration of renewable energy sources into distribution networks is increasing the demand for flexible and dependable medium-voltage solutions like gas-insulated RMUs, ensuring seamless grid operation amid intermittent renewable power generation.
 

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

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China gas insulated smart ring main unit market is expected to witness around 6.5% CAGR up to 2032, owing to the growing emphasis on grid modernization and digitalization, driven by the need for more efficient, reliable, and sustainable electrical distribution networks. Utilities in China are increasingly adopting advanced RMUs with smart monitoring and remote control capabilities to enhance grid efficiency and resilience. These units are crucial for managing the intermittent nature of renewable power generation and ensuring grid stability. The rapid urbanization in China is driving the need for compact indoor RMUs, particularly in densely populated urban areas, where space is at a premium.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of gas insulated ring main unit in APAC was worth USD 505.7 million in 2023 and may reach over USD 999.1 million by 2032, due to the rapid urbanization and industrialization trends in the region.

Demand for 2-3-4 position gas insulated ring main units in the APAC will witness over 7% CAGR from 2023 to 2032, on the account of their dependable and flexible nature along with robust ability to offer secure medium-voltage distribution solutions.

China gas insulated RMU industry size will record more than 6.5% CAGR from 2023 to 2032, owing to the growing emphasis on grid modernization and digitalization, driven by the need for more efficient, reliable, and sustainable electrical distribution networks.

Lucy Group Ltd., Siemens, Electric & Electronic Co., Ltd., Schneider Electric, HD HYUNDAI ELECTRIC CO., LTD., ABB, Toshiba Energy Systems & Solutions Corporation, among others.

Asia Pacific Gas Insulated Smart Ring Main Unit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 468
  • Countries covered: 5
  • Pages: 365
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