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Gas Insulated Smart Ring Main Unit Market Trends

Report ID: GMI6739
Published Date: Sep 2023
Report Format: PDF

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Gas Insulated Smart Ring Main Unit Market Trends

The gas insulated smart ring main unit market is observing several notable trends. There is a growing emphasis on sustainability, with a focus on reducing the environmental impact of SF6, the insulating gas traditionally used in these units. Research into alternative, more eco-friendly insulating gases is gaining traction. Moreover, digitalization and the integration of smart grid technologies are becoming integral to RMUs, allowing for remote monitoring, control, and predictive maintenance, enhancing operational efficiency. The increasing penetration of renewable energy sources necessitates advanced RMUs that can manage the intermittent nature of renewables and ensure grid stability.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of gas insulated ring main unit was worth USD 1.5 billion in 2023 and will record over USD 3 billion by 2032, due to the rapid urbanization and industrialization along with the increasing demand for reliable and efficient electrical distribution networks worldwide.

Gas insulated ring main unit industry from the 2-3-4 position segment recorded more than USD 650 million in 2022 and is anticipated to grow at over 7.5% CAGR from 2023 to 2032, on account of the rising need for reliable, flexible, and safe medium-voltage distribution solutions.

Asia Pacific market for gas insulated ring main unit is expected to register over 7.5% CAGR from 2023 to 2032, owing to the rapid urbanization, industrialization, and infrastructure expansion in the region.

Toshiba Energy Systems & Solutions Corporation, ABB, G&W Electric, Lucy Group Ltd., Ormazabal, Siemens, Schneider Electric, LS ELECTRIC Co., Ltd., Electric & Electronic Co. are some of the major gas insulated ring main unit companies worldwide.