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Asia Pacific Ring Main Unit Market Share

Report ID: GMI6717
Published Date: Sep 2023
Report Format: PDF

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Asia Pacific Ring Main Unit Market Share

Noteworthy companies operating in the Asia Pacific ring main unit market include:

Lucy Group Ltd.
ABB
HD Hyundai Electric Co., Ltd.
Siemens
Ormazabal
LS ELECTRIC Co., Ltd.
TGOOD Global Ltd.
Schneider Electric
CHINT Group
alfanar Group
oshiba Energy Systems & Solutions Corporation
Eaton
ELECTRIC&ELECTRONIC CO.,LTD.
Orecco
CG Power & Industrial Solutions Ltd.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

Asia Pacific market for ring main unit was worth over USD 1 billion in 2023 and is estimated to exceed USD 1.9 billion by 2032, driven by the region's rapid urbanization and industrialization, which are generating a substantial demand for electricity.

Gas insulation accounted for over 75% of the Asia Pacific ring main unit market share in 2022, and will witness over 6% CAGR through 2032, on account of critical advantages such as compact system design, robust dielectric strength, and high operational safety.

China ring main unit industry size is projected to reach USD 500 million by 2032, due to the rapid urbanization and industrialization occurring across the country, which are driving increased demand for electricity and related infrastructure.

Lucy Group Ltd., ABB, HD Hyundai Electric Co., Ltd., Siemens, Ormazabal, LS ELECTRIC Co., Ltd., TGOOD Global Ltd., Schneider Electric, CHINT Group, alfanar Group, Toshiba Energy Systems & Solutions Corporation, Eaton, ELECTRIC&ELECTRONIC CO.,LTD., Orecco, and CG Power & Industrial Solutions Ltd.