Ring Main Unit Market

Market Overview:

The global ring main unit market size reached US$ 2.26 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2032, exhibiting a growth rate (CAGR) of 6.78% during 2024-2032. The increasing demand for electricity, the rising number of renewable energy installations, increasing investments in infrastructural development projects and extensive research and development (R&D) activities are some of the major factors propelling the ring main unit market.

Ring main unit (RMU) refers to a compact, modular, and self-contained switchgear assembly used in electrical distribution networks to ensure an uninterrupted power supply. It is comprised of several components, such as circuit breakers, protection relays, fuses, load break switches, transformers, control panel, busbar, and enclosure. RMU is widely used in urban and suburban power distribution, industrial facilities, commercial buildings, rural areas, temporary installations, data centers, renewable energy integration, and infrastructure projects. It provides redundancy and alternative paths for power flow, which ensure reliability of electrical distribution networks, improves safety, and minimizes the impact of electrical faults and outages.

The rising product utilization in the smart grid infrastructure is one of the primary factors supporting the market growth. RMU is widely used in smart grids to enable remote monitoring, control, and automation of power distribution networks. Along with this, the increasing product adoption owing to the rapid modernization of the aging power grid systems is acting as another growth-inducing factor. Furthermore, the implementation of strict government regulations to enhance the protection and safety of power distribution systems is acting as another growth-inducing factor. Additionally, the growing focus on energy efficiency across the globe is facilitating the product demand to reduce carbon emissions, conserve resources, optimize energy distribution, minimize losses, and improve overall system efficiency. Other factors, including rapid industrialization activities, increasing investments in infrastructural development projects, and growing emphasis on grid resilience, are anticipated to drive the market growth.

Ring Main Unit Market Trends/Drivers:

The increasing demand for electricity across the globe

Ring main unit plays an essential role in power distribution networks to ensure safe and reliable electricity supply to urban, suburban, and other residential spaces. It is widely used in primary and secondary distribution substations to receive high-voltage power from the transmission system and facilitate its branching to multiple feeders. In line with this, the ring main unit provides the necessary switching and protection functions to ensure proper power flow and fault management in the distribution network. Furthermore, it is widely used in industrial facilities to ensure uninterrupted power supply to various equipment, machinery, and processes. Moreover, growing product adoption in commercial complexes, shopping malls, hospitals, and other large-scale infrastructure projects to enable the distribution of electricity to multiple tenants and facilitate efficient energy management and load balancing is acting as another growth-inducing factor.

The rising number of renewable energy installations

Ring main unit finds extensive applications in the connection and distribution of renewable energy. It is widely used in solar power plants to manage variability in solar power generation and facilitate seamless integration with the existing grid infrastructure. Apart from this, the widespread product utilization in wind farms to protect and isolate faulty sections, distribute power from multiple turbines, and ensure uninterrupted electricity is favoring the market growth. Additionally, the growing product adoption in hybrid power systems to facilitate the seamless switching between different power sources based on availability and demand is providing an impetus to the market growth. Moreover, the rising product demand in energy storage systems to enable integration with renewable energy installations and ensure efficient charging and discharging operations is supporting the market growth.

Extensive research and development (R&D) activities

The recent development of smart ring main units (RMUs) that are equipped with sensors, communication modules, and advanced monitoring systems to allow remote access and control, provide real-time data analysis, and enable predictive maintenance is contributing to the market growth. Furthermore, the introduction of compact and modular RMUs that allow easier installation and aid in addressing space constraint issues in urban and densely populated areas is positively influencing the market growth. Moreover, the development of eco-friendly products that utilize sustainable alternative gases to sulfur hexafluoride (SF6), which, in turn, enhances overall performance and reduces greenhouse gas (GHG) emissions, is catalyzing the market growth.

Ring Main Unit Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global ring main unit market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, installation, and application.

Breakup by Type:

• Gas Insulated
• Air Insulated
• Oil Insulated
• Solid Dielectric Material
   

Gas insulated dominates the ring main unit market.

The report has provided a detailed breakup and analysis of the ring main unit market based on type. This includes gas insulated, air insulated, oil insulated, and solid dielectric material. According to the report, gas insulated represented the largest market segment.

Gas insulated RMUs offer a compact and space-saving design, which enables their efficient installation in confined substations or compact secondary substations. Furthermore, they exhibit high dielectric strength, enabling them to withstand high voltages and electric fields. Apart from this, gas insulated RMUs provide enhanced safety features and minimize the risk of electrical faults, arc flash incidents, and contact with live components.

Breakup by Installation:

• Outdoor
• Indoor
   

Indoor dominates the ring main unit market.

The report has provided a detailed breakup and analysis of the ring main unit market based on installation. This includes outdoor and indoor. According to the report, indoor represented the largest market segment.

Ring main unit (RMU) is used in indoor installations owing to its compact design and small footprint, which makes it ideal for space-constraint applications. Furthermore, it can be seamlessly integrated into existing buildings and infrastructures to reduce transmission losses, improve power quality, and enhance overall system efficiency. Moreover, the growing product adoption in indoor installations to improve the safety of electric systems is supporting the market growth.

RMU is widely used in various outdoor installations, such as utility substations, industrial facilities, and remote locations where large equipment and infrastructure need to be accommodated. Furthermore, it can be easily mounted on outdoor poles or pedestals, thus allowing efficient power distribution in rural areas or along distribution lines. Moreover, the widespread product utilization in outdoor installation to reduce fire hazards and provide easier access for maintenance and inspections is favoring the market growth.

Breakup by Application:

• Industrial
  • Wind Power Plant
  • Compact Secondary Substations
  • Distribution Utilities
• Infrastructure
  • Residential
  • Non-Residential
     

Industrial holds a larger share in the ring main unit market.

The report has provided a detailed breakup and analysis of the ring main unit market based on the application. This includes industrial (wind power plant, compact secondary substations, and distribution utilities) and infrastructure (residential and non-residential). According to the report, industrial represented the largest market segment.

Ring main unit (RMU) is widely used in industries to provide protection, control, and metering function in energy distribution systems. It is used in wind power plants to facilitate the seamless integration of power plants with the existing grid. Furthermore, the rising product utilization in compact secondary substations to enable efficient load management and quickly detect electrical faults is supporting market growth. Apart from this, the widespread utilization of RMU by distribution utilities to connect transmission and distribution systems and ensure reliable power delivery is favoring the market growth.

Ring main unit (RMU) finds numerous applications in infrastructure projects. It is widely used in residential spaces to provide control over power flow and ensure grid stability. It is also used in smart city initiatives to monitor, control, and optimize energy usage. Furthermore, RMU finds extensive applications in railways, metros, airports, and highways to maintain a robust electrical distribution system.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Asia Pacific exhibits a clear dominance in the market, accounting for the largest ring main unit market share.

The report has also provided a comprehensive analysis of all the major regional markets, which includes North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represented the largest market segment.

Asia Pacific holds the majority share in the ring main unit (RMU) market due to increasing urbanization and industrialization activities. Furthermore, the rising energy demand in the region owing to the expanding economies is acting as another growth-inducing factor. Moreover, the increasing investment in infrastructure development, including the establishment of new cities, industrial zones, and transportation networks, is facilitating the demand for RMUs to ensure a robust electrical distribution system. Apart from this, the implementation of supportive government policies to promote the adoption of smart grids is favoring the market growth.

Competitive Landscape:

Top companies in the ring main unit (RMU) are focusing on developing advanced products with innovative features, such as remote monitoring and control, smart grid integration, fault detection, and improved safety. Along with this, the growing focus on energy efficiency and sustainability has prompted several key players to design products that reduce energy consumption, minimize greenhouse gas (GHG) emissions, and encourage the adoption of renewable energy sources. Furthermore, several companies are providing customized products that offer a modular design, which meets customer-specific requirements and allows easy scalability of electrical distribution networks. Moreover, several manufacturers are actively engaged in partnerships with distributors, wholesalers, and system integrators to ensure the widespread availability of their products, improve customer service, build supply chain resilience, and expand global footprints.

The report has provided a comprehensive analysis of the competitive landscape in the global ring main unit market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• ABB Ltd.
• alfanar Group
• Eaton Corporation plc
• ENTEC Electric & Electronic Co. Ltd.
• EPE Switchgear (M) Sdn. Bhd.
• Larsen & Toubro Ltd.
• LS Electric Co. Ltd.
• Lucy Electric UK Ltd. (Lucy Group Ltd.)
• Schneider Electric SE
• Siemens AG
• TIEPCO

Recent Developments:

• In March 2023, alfanar Group showcased its product lineup at the Saudi Arabian Smart Grid Conference 2022. It presented several smart grid products and solutions, such as the newly developed smart meters for the Kingdom of Saudia Arabia (KSA) market, smart ring main unit products (RMU), and distribution automation systems (DAS) solutions.
• In February 2022, Schneider Electric SE partnered with Cisco to build Egypt’s national smart grid. Under the partnership, Schneider Electric SE will install network control centers and 4,000 smart ring main units (RMUs) to detect and resolve network faults.
• In April 2021, Siemens AG introduced its new Fluorinated gas-free ring main units (RMU) for line voltages up to 24 kilovolts (kV). These new products will set a new standard for climate-friendly power distribution.

Ring Main Unit Market Report Scope:

Key Questions Answered in This Report:

• How has the global ring main unit market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global ring main unit market?
• What is the impact of each driver, restraint, and opportunity on the global ring main unit market?
• What are the key regional markets?
• Which countries represent the most attractive ring main unit market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the ring main unit market?
• What is the breakup of the market based on the installation?
• Which is the most attractive installation in the ring main unit market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the ring main unit market?
• What is the competitive structure of the global ring main unit market?
• Who are the key players/companies in the global ring main unit market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the ring main unit market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global ring main unit market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the ring main unit industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.