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Asia Pacific Gas Insulated Smart Ring Main Unit Market Trends

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

Asia Pacific Gas Insulated Smart Ring Main Unit Industry Trends

The Asia Pacific gas insulated smart ring main unit market is witnessing several notable trends. The integration of data analytics and artificial intelligence (AI) into smart RMUs is enabling predictive maintenance, fault prediction, and load forecasting, improving overall grid reliability and performance. The shift towards electric vehicles (EVs) is driving the need for smart RMUs to support the increased power demand from EV charging infrastructure, necessitating advanced load management and grid balancing capabilities.

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