Home > Energy & Power > Electrical Equipment > Ring Main Unit > North America Smart Ring Main Unit Market

North America Smart Ring Main Unit Market Size

  • Report ID: GMI7347
  • Published Date: Nov 2023
  • Report Format: PDF

North America Smart Ring Main Unit Market Size

North America Smart Ring Main Unit Market was valued at USD 430 million in 2022 and is predicted to showcase about 8.5% CAGR between 2023 and 2032. The increasing need for efficient and reliable power distribution in smart grids and urban infrastructure is fueling demand for the technology. For instance, in 2022, the U.S. unveiled the “Grid Resilience Innovative Partnership” (GRIP) Program, offering a substantial funding opportunity of $10.5 billion. This in

 

North America Smart Ring Main Unit Market

To understand key trends  
Download Free Sample
 

Regulatory support and initiatives promoting grid digitization, coupled with the need for fault detection and remote monitoring capabilities, are further propelling the market's expansion. As the North American power infrastructure evolves to meet the challenges of a rapidly changing energy landscape, the Smart RMU market is set to play a pivotal role in ensuring efficient and intelligent power distribution

 

Authors: Ankit Gupta, Vishal Sain

Frequently Asked Questions (FAQ) :

The market size of North America smart ring main unit was reached USD 430 million in 2022 and is projected to grow at a CAGR of over 8.5% through 2032, backed by the increasing need for efficient and reliable power distribution in smart grids and urban infrastructure.

Gas-insulated smart RMUs technology segment held over 78% market share in 2022 and is predictable to grow at a robust CAGR of over 8.5% through 2032, as these advanced RMUs offer enhanced reliability, reduced maintenance costs, and improved fault detection capabilities.

The U.S. smart RMU market is anticipated to grow at a CAGR of over 8.5% through 2032, on account of the increasing adoption of smart grid technologies and the need for more efficient and reliable electricity distribution systems across the country for monitoring and controlling power distribution.

ABB, Eaton, Schneider Electric, CG Power and Industrial Solutions Ltd., Siemens, LS ELECTRIC Co., Ltd., HD HYUNDAI ELECTRIC CO., LTD., Toshiba Energy Systems & Solutions Corporation, alfanar Group, and CHINT Group among others.

North America Smart Ring Main Unit Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2022
  • Companies covered: 11
  • Tables & Figures: 481
  • Countries covered: 3
  • Pages: 385
 Download Free Sample