The ring main unit market size has grown strongly in recent years. It will grow from $2.4 billion in 2024 to $2.56 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to urbanization and infrastructure development, efficient power distribution, grid modernization, renewable energy integration, industrial expansion.
The ring main unit market size is expected to see strong growth in the next few years. It will grow to $3.43 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to electrification initiatives, cybersecurity measures, resilient power infrastructure, digitalization and automation, distributed energy resources. Major trends in the forecast period include adoption in industrial sectors, regulatory support and incentives, remote monitoring and management, customization and innovation.
The growing demand for electricity is expected to drive the growth of the ring main unit market in the future. Electricity is a form of energy that powers machinery and equipment, providing light and heat. This increasing demand necessitates the use of ring main units for various applications, such as connecting different types of switches, supplying distribution transformers, and other related functions. For example, in September 2024, the International Energy Agency (IEA), based in France, reported that total net electricity production reached 902.8 TWh in June 2024, representing a 5.4% increase compared to the same period the previous year. Thus, the rising demand for electricity is propelling the growth of the ring main unit market.
Another significant factor contributing to the growth of the ring main unit market is the rising investment in improving transmission infrastructure. Transmission infrastructure, which conveys electricity at voltages exceeding 50 kilovolts, involves structures, tools, and other items used for transmission purposes. Investments in transmission infrastructure improvement aim to enhance the distribution network and increase capacity to meet the growing demand for electricity. In October 2023, the United States Department of Energy (DOE) announced a commitment of up to $1.3 billion for three transmission lines spanning six states as part of the President's Investing in America agenda. This substantial investment is expected to advance projects that will add 3.5 gigawatts (GW) of additional grid capacity across the United States, further driving the growth of the ring main unit market.
Leading companies in the ring main unit market are concentrating on developing non-SF6 ring main units to mitigate environmental impact, adhere to stricter regulations on greenhouse gas emissions, and promote sustainable power distribution solutions. Non-SF6 ring main units (RMUs) are electrical switchgear systems used in medium-voltage power distribution that do not utilize sulfur hexafluoride (SF6) gas for insulation or arc-quenching. For example, in April 2024, Lucy Electric Ltd, a UK-based company, launched EcoTech, a non-SF6 ring main unit. EcoTech replaces SF6 with synthetic air, a mixture of nitrogen and oxygen, thereby addressing environmental concerns associated with greenhouse gas emissions. Additionally, EcoTech features an embedded control unit and standard remote control capabilities, enhancing operational efficiency and enabling improved monitoring and management of energy distribution systems.
Major players in the ring main unit market are taking significant steps towards reducing greenhouse gas emissions by integrating advanced ring main units (RMUs). Greenhouse gases (GHGs) contribute to the trapping of heat in the Earth's atmosphere, leading to an increase in the planet's average temperature. In May 2022, Enel S.p.A., an Italian-based green energy company engaged in the generation, distribution, and sale of electricity and gas, installed SF6-free SafePlus AirPlus Ring Main Units. These units were developed by ABB Ltd., a Switzerland-based automation and technology company, as a low-pressure 24kV solution aimed at enhancing safety, ensuring reliability, and reducing greenhouse gas emissions. Enel Global Infrastructure & Networks deployed ABB's advanced SF6-free RMUs, specifically tailored to meet Enel's specifications. This implementation contributes to lowering greenhouse gas emissions while providing dependable and sustainable power across Enel's networks in Italy and Spain.
In July 2023, AcBel Polytech Inc., a Taiwan-based company, acquired MANN ABB Ltd for $505 million. This acquisition allows AcBel Polytech to expand its portfolio by leveraging ABB's expertise in providing ring main units (RMUs). ABB Ltd is a Switzerland-based company that specializes in offering ring main units.
Major companies operating in the ring main unit market are ABB Ltd., Schneider Electric SE, Eaton Corporation PLC, Larsen & Toubro Ltd., Siemens AG, LS Electric Co. Ltd, Entec Electric & Electronic Co. Ltd, EPE Switchgear (M) Sdn. Bhd, Lucy Electric Ltd., Ormazabal Corporación Empresarial S.L., Crompton Greaves Consumer Electricals Limited, Orecco Electric d.o.o, Alfanar Group Ltd., LSIS Co. Ltd., Toshiba Corp., CG Power & Industrial Solutions Ltd., SGC - SwitchGear Company NV, NOJA Power Switchgear Pty Ltd., G&W Electric Company, C&S Electric Limited, E+I Engineering Ltd., Hawker Siddeley Switchgear Ltd., Kappa Engineering (Pty) Ltd., KONČAR - Electrical Industry Inc., Laxmi Electronics Pvt. Ltd., MGC Moser-Glaser AG, Mors Smitt B.V, Nissin Electric Co. Ltd., RPS Switchgear Limited, S&S Power Switchgear Limited, Slaters Electricals Ltd., Switchgear Power Systems LLC, Tavrida Electric AG, TE Connectivity Ltd., TGOOD Global Ltd., Trayer Engineering Corporation, VEO Oy, Wahah Electric Supply Company of Saudi Arabia Co., Xiamen Huadian Switchgear Co. Ltd.
Asia-Pacific was the largest region in the ring main unit market share in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the ring main unit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ring main unit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A ring main unit (RMU) is a pre-assembled set of switchgear enclosed in metal, commonly utilized at the connection points within a ring-type distribution network. It features two switches that connect both ends of the load to the primary conductors and incorporates a fusible switch or circuit breaker functioning as a tee-off for supplying medium voltage to low voltage distribution transformers (MV to LV).
The primary types of ring main units include gas-insulated, oil-insulated, air-insulated, solid di-electric, and other variants. Gas-insulated units consist of components where active parts carrying high voltage potential are situated within aluminum alloy pipes, held in place by epoxy resin insulators. Component types typically encompass self-powered electronic relays, switchgear, and fuses. These units operate at various voltage levels including low, medium, and high voltages and are designed for both indoor and outdoor installations. They find extensive use in industrial, commercial, and residential distribution applications.
The ring main unit market research report is one of a series of new reports that provides ring main unit market statistics, including ring main unit industry global market size, regional shares, competitors with a ring main unit market share, detailed ring main unit market segments, market trends and opportunities, and any further data you may need to thrive in the ring main unit industry. This ring main unit market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ring main unit market consists of sales of load break switches, circuit breakers, numerical relays, and cable testing compartments. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The ring main unit market size is expected to see strong growth in the next few years. It will grow to $3.43 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to electrification initiatives, cybersecurity measures, resilient power infrastructure, digitalization and automation, distributed energy resources. Major trends in the forecast period include adoption in industrial sectors, regulatory support and incentives, remote monitoring and management, customization and innovation.
The growing demand for electricity is expected to drive the growth of the ring main unit market in the future. Electricity is a form of energy that powers machinery and equipment, providing light and heat. This increasing demand necessitates the use of ring main units for various applications, such as connecting different types of switches, supplying distribution transformers, and other related functions. For example, in September 2024, the International Energy Agency (IEA), based in France, reported that total net electricity production reached 902.8 TWh in June 2024, representing a 5.4% increase compared to the same period the previous year. Thus, the rising demand for electricity is propelling the growth of the ring main unit market.
Another significant factor contributing to the growth of the ring main unit market is the rising investment in improving transmission infrastructure. Transmission infrastructure, which conveys electricity at voltages exceeding 50 kilovolts, involves structures, tools, and other items used for transmission purposes. Investments in transmission infrastructure improvement aim to enhance the distribution network and increase capacity to meet the growing demand for electricity. In October 2023, the United States Department of Energy (DOE) announced a commitment of up to $1.3 billion for three transmission lines spanning six states as part of the President's Investing in America agenda. This substantial investment is expected to advance projects that will add 3.5 gigawatts (GW) of additional grid capacity across the United States, further driving the growth of the ring main unit market.
Leading companies in the ring main unit market are concentrating on developing non-SF6 ring main units to mitigate environmental impact, adhere to stricter regulations on greenhouse gas emissions, and promote sustainable power distribution solutions. Non-SF6 ring main units (RMUs) are electrical switchgear systems used in medium-voltage power distribution that do not utilize sulfur hexafluoride (SF6) gas for insulation or arc-quenching. For example, in April 2024, Lucy Electric Ltd, a UK-based company, launched EcoTech, a non-SF6 ring main unit. EcoTech replaces SF6 with synthetic air, a mixture of nitrogen and oxygen, thereby addressing environmental concerns associated with greenhouse gas emissions. Additionally, EcoTech features an embedded control unit and standard remote control capabilities, enhancing operational efficiency and enabling improved monitoring and management of energy distribution systems.
Major players in the ring main unit market are taking significant steps towards reducing greenhouse gas emissions by integrating advanced ring main units (RMUs). Greenhouse gases (GHGs) contribute to the trapping of heat in the Earth's atmosphere, leading to an increase in the planet's average temperature. In May 2022, Enel S.p.A., an Italian-based green energy company engaged in the generation, distribution, and sale of electricity and gas, installed SF6-free SafePlus AirPlus Ring Main Units. These units were developed by ABB Ltd., a Switzerland-based automation and technology company, as a low-pressure 24kV solution aimed at enhancing safety, ensuring reliability, and reducing greenhouse gas emissions. Enel Global Infrastructure & Networks deployed ABB's advanced SF6-free RMUs, specifically tailored to meet Enel's specifications. This implementation contributes to lowering greenhouse gas emissions while providing dependable and sustainable power across Enel's networks in Italy and Spain.
In July 2023, AcBel Polytech Inc., a Taiwan-based company, acquired MANN ABB Ltd for $505 million. This acquisition allows AcBel Polytech to expand its portfolio by leveraging ABB's expertise in providing ring main units (RMUs). ABB Ltd is a Switzerland-based company that specializes in offering ring main units.
Major companies operating in the ring main unit market are ABB Ltd., Schneider Electric SE, Eaton Corporation PLC, Larsen & Toubro Ltd., Siemens AG, LS Electric Co. Ltd, Entec Electric & Electronic Co. Ltd, EPE Switchgear (M) Sdn. Bhd, Lucy Electric Ltd., Ormazabal Corporación Empresarial S.L., Crompton Greaves Consumer Electricals Limited, Orecco Electric d.o.o, Alfanar Group Ltd., LSIS Co. Ltd., Toshiba Corp., CG Power & Industrial Solutions Ltd., SGC - SwitchGear Company NV, NOJA Power Switchgear Pty Ltd., G&W Electric Company, C&S Electric Limited, E+I Engineering Ltd., Hawker Siddeley Switchgear Ltd., Kappa Engineering (Pty) Ltd., KONČAR - Electrical Industry Inc., Laxmi Electronics Pvt. Ltd., MGC Moser-Glaser AG, Mors Smitt B.V, Nissin Electric Co. Ltd., RPS Switchgear Limited, S&S Power Switchgear Limited, Slaters Electricals Ltd., Switchgear Power Systems LLC, Tavrida Electric AG, TE Connectivity Ltd., TGOOD Global Ltd., Trayer Engineering Corporation, VEO Oy, Wahah Electric Supply Company of Saudi Arabia Co., Xiamen Huadian Switchgear Co. Ltd.
Asia-Pacific was the largest region in the ring main unit market share in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the ring main unit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ring main unit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A ring main unit (RMU) is a pre-assembled set of switchgear enclosed in metal, commonly utilized at the connection points within a ring-type distribution network. It features two switches that connect both ends of the load to the primary conductors and incorporates a fusible switch or circuit breaker functioning as a tee-off for supplying medium voltage to low voltage distribution transformers (MV to LV).
The primary types of ring main units include gas-insulated, oil-insulated, air-insulated, solid di-electric, and other variants. Gas-insulated units consist of components where active parts carrying high voltage potential are situated within aluminum alloy pipes, held in place by epoxy resin insulators. Component types typically encompass self-powered electronic relays, switchgear, and fuses. These units operate at various voltage levels including low, medium, and high voltages and are designed for both indoor and outdoor installations. They find extensive use in industrial, commercial, and residential distribution applications.
The ring main unit market research report is one of a series of new reports that provides ring main unit market statistics, including ring main unit industry global market size, regional shares, competitors with a ring main unit market share, detailed ring main unit market segments, market trends and opportunities, and any further data you may need to thrive in the ring main unit industry. This ring main unit market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ring main unit market consists of sales of load break switches, circuit breakers, numerical relays, and cable testing compartments. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Ring Main Unit Market Characteristics3. Ring Main Unit Market Trends and Strategies4. Ring Main Unit Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Ring Main Unit Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Ring Main Unit Market34. Recent Developments in the Ring Main Unit Market
5. Global Ring Main Unit Growth Analysis and Strategic Analysis Framework
6. Ring Main Unit Market Segmentation
7. Ring Main Unit Market Regional and Country Analysis
8. Asia-Pacific Ring Main Unit Market
9. China Ring Main Unit Market
10. India Ring Main Unit Market
11. Japan Ring Main Unit Market
12. Australia Ring Main Unit Market
13. Indonesia Ring Main Unit Market
14. South Korea Ring Main Unit Market
15. Western Europe Ring Main Unit Market
16. UK Ring Main Unit Market
17. Germany Ring Main Unit Market
18. France Ring Main Unit Market
19. Italy Ring Main Unit Market
20. Spain Ring Main Unit Market
21. Eastern Europe Ring Main Unit Market
22. Russia Ring Main Unit Market
23. North America Ring Main Unit Market
24. USA Ring Main Unit Market
25. Canada Ring Main Unit Market
26. South America Ring Main Unit Market
27. Brazil Ring Main Unit Market
28. Middle East Ring Main Unit Market
29. Africa Ring Main Unit Market
30. Ring Main Unit Market Competitive Landscape and Company Profiles
31. Ring Main Unit Market Other Major and Innovative Companies
35. Ring Main Unit Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Ring Main Unit Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on ring main unit market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for ring main unit ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ring main unit market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- the market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Gas-Insulated; Oil-Insulated; Air-Insulated; Solid Di-Electric; Other Types2) by Component Types: Self-Powered Electronic Relays; Switchgear; Fuses
3) by Voltage: Low Voltage; Medium Voltage; High Voltage
4) by Installation: Indoor; Outdoor
5) by Application: Distribution Utility; Industrial; Commercial and Residential
Subsegments:
1) by Gas-Insulated: SF6 Insulated RMUs; Mixed Gas Insulated RMUs2) by Oil-Insulated: Mineral Oil Insulated RMUs; Synthetic Oil Insulated RMUs
3) by Air-Insulated: Outdoor Air-Insulated RMUs; Indoor Air-Insulated RMUs
4) by Solid Di-Electric: Resin-Insulated RMUs; Other Solid Dielectric Solutions
5) by Other Types: Hybrid RMUs; Modular RMUs
Key Companies Mentioned: ABB Ltd.; Schneider Electric SE; Eaton Corporation PLC; Larsen & Toubro Ltd.; Siemens AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Ring Main Unit market report include:- ABB Ltd.
- Schneider Electric SE
- Eaton Corporation PLC
- Larsen & Toubro Ltd.
- Siemens AG
- LS Electric Co. Ltd
- Entec Electric & Electronic Co. Ltd
- EPE Switchgear (M) Sdn. Bhd
- Lucy Electric Ltd.
- Ormazabal Corporación Empresarial S.L.
- Crompton Greaves Consumer Electricals Limited
- Orecco Electric d.o.o
- Alfanar Group Ltd.
- LSIS Co. Ltd.
- Toshiba Corp.
- CG Power & Industrial Solutions Ltd.
- SGC - SwitchGear Company NV
- NOJA Power Switchgear Pty Ltd.
- G&W Electric Company
- C&S Electric Limited
- E+I Engineering Ltd.
- Hawker Siddeley Switchgear Ltd.
- Kappa Engineering (Pty) Ltd.
- KONČAR - Electrical Industry Inc.
- Laxmi Electronics Pvt. Ltd.
- MGC Moser-Glaser AG
- Mors Smitt B.V
- Nissin Electric Co. Ltd.
- RPS Switchgear Limited
- S&S Power Switchgear Limited
- Slaters Electricals Ltd.
- Switchgear Power Systems LLC
- Tavrida Electric AG
- TE Connectivity Ltd.
- TGOOD Global Ltd.
- Trayer Engineering Corporation
- VEO Oy
- Wahah Electric Supply Company of Saudi Arabia Co.
- Xiamen Huadian Switchgear Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 2.56 Billion |
| Forecasted Market Value ( USD | $ 3.43 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 40 |
