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Asia Pacific Ring Main Unit Market Trends

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

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Asia Pacific Ring Main Unit Market Trends

The Asia-Pacific ring main unit market is witnessing several noteworthy trends that are shaping its trajectory. there is a growing interest in distributed energy resources (DERs), including battery energy storage systems and microgrids. Additionally, as electric vehicle (EV) adoption continues to rise, RMUs are being deployed to support EV charging infrastructure. They provide the necessary protection and control to manage the increased load and voltage fluctuations associated with EV charging stations. Moreover, collaborative initiatives and partnerships between utilities, technology providers, and governments are driving innovation in RMU design and functionality. These collaborations aim to develop solutions that address specific regional challenges and enhance grid reliability.

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.