Smart Ring Main Unit Market Size - By Insulation, By Position, By Technology, Installation, Component, Application & Global Forecast, 2023

Description

Global Smart Ring Main Unit Market will witness over 8.6% CAGR between 2023 and 2032. The increasing need for efficient electricity distribution and management in urban areas due to rapid population growth fuels market demand. Smart ring main units offer advanced monitoring and control capabilities, addressing this need. Advancements in IoT technology and the need for grid reliability and safety contribute to the smart ring main unit market expansion,

The growing emphasis on renewable energy integration and grid modernization initiatives further propels the adoption of environmentally supportive ring main units. For instance, in April 2021, Siemens Smart Infrastructure unveiled the 8DJH 24 switchgear. This ring main unit (RMU) is designed for line voltages up to twenty-four kilovolts (kV). What sets it apart is its complete absence of fluorinated gases. This medium-voltage switchgear, used for secondary electrical distribution, maintains the compact dimensions of its sulfur hexafluoride (SF6) counterpart but utilizes the eco-friendly insulation medium "Clean Air," derived entirely from natural components found in the surrounding environment. This innovation sets a new benchmark for sustainable power distribution.

The overall Smart Ring Main Unit Market is classified based on technology, application, and region.

The non-motorized RMU industry will undergo significant development from 2023 to 2032. Non-motorized RMUs play a vital role in enhancing the reliability and safety of electricity distribution networks. With the growing need for efficient and smart grid solutions, non-motorized RMUs are in high demand, offering advanced monitoring, control, and safety features. This demand is further fueled by the imperative to modernize and upgrade aging electrical infrastructure, supporting its contribution to the smart ring main unit market growth.

The infrastructure segment will register a noteworthy CAGR from 2023 to 2032. RMUs are essential components of modern electrical distribution systems, ensuring reliability and safety. As infrastructure projects, such as buildings, transportation networks, and industrial facilities, continue expanding, the need for efficient and smart RMUs grows. Their advanced features, remote monitoring, and control capabilities make them indispensable in infrastructure development, driving smart ring main unit market demand.

Europe smart ring main unit market will showcase an appreciable CAGR from 2023 to 2032. This growth is attributed to the continent's focus on modernizing and improving electrical grid infrastructure for enhanced efficiency and reliability. Stricter energy efficiency regulations and the need to integrate renewable energy sources further drive the adoption of smart RMUs. As a result, Europe stands as a prominent market for these advanced solutions.

Product Code: 6540

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Market estimates and forecast parameters
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid
  - 1.4.2.2 Public

Chapter 2 Executive Summary

2.1 Smart ring main unit industry 360 degree synopsis, 2019 - 2032
2.2 Business trends
2.3 Insulation trends
2.4 Position trends
2.5 Technology trends
2.6 Installation trends
2.7 Component trends
2.8 Application trends
2.9 Regional trends

Chapter 3 Smart Ring Main Unit Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor Matrix
3.2 Regulatory landscape
- 3.2.1 Global
  - 3.2.1.1 Relay standards for key regions
- 3.2.2 North America
  - 3.2.2.1 U.S.
    - 3.2.2.1.1 Sulphur Hexafluoride (SF6)
    - 3.2.2.1.2 Key Elements of the Regulation
    - 3.2.2.1.3 Environmental Objectives
    - 3.2.2.1.4 Affected Entities
  - 3.2.2.2 Canada
    - 3.2.2.2.1 C22.2 NO. 31-14 - Switchgear assemblies
    - 3.2.2.2.2 National Standard of Canada - Domestic
- 3.2.3 Europe
  - 3.2.3.1 Low Voltage Circuit Breaker Standards
    - 3.2.3.1.1 Harmonization
  - 3.2.3.2 European Standards
  - 3.2.3.3 EU-F-Gas-regulation 842/2006
    - 3.2.3.3.1 Recovery
    - 3.2.3.3.2 Recycling
    - 3.2.3.3.3 Reclamation
    - 3.2.3.3.4 Destruction
  - 3.2.3.4 National regulation of fluorinated greenhouse gases and HFCs
  - 3.2.3.5 UK
    - 3.2.3.5.1 Disposal & post-maintenance
    - 3.2.3.5.2 EU Directive 96/59/EC -Disposal of Polychlorinated Biphenyls and Polychlorinated Terphenyls
  - 3.2.3.6 Germany
    - 3.2.3.6.1 (IEC 62271-200: 2011); German version EN 62271-200: 2012
    - 3.2.3.6.2 EU regulation of fluorinated greenhouse gases and HFCs
    - 3.2.3.6.3 National regulation of fluorinated greenhouse gases and HFCs
  - 3.2.3.7 France
    - 3.2.3.7.1 Directive 96/92/EC
    - 3.2.3.7.2 Directive 2003/54/EC
    - 3.2.3.7.3 Directive 2009/72/EC
  - 3.2.3.8 Russia
    - 3.2.3.8.1 Technical Regulations (TR TC 032/2016)
- 3.2.4 Asia Pacific
  - 3.2.4.1 China
    - 3.2.4.1.1 The Electric Power Law of the People's Republic of China
    - 3.2.4.1.2 China Compulsory Certification (CCC Marking) - Low Voltage Switchgear Products
    - 3.2.4.1.3 Objective
    - 3.2.4.1.4 13th Five-year Plan
  - 3.2.4.2 Korea
  - 3.2.4.3 India
    - 3.2.4.3.1 Indian Electrical Equipment Industry Mission Plan 2012-2024
  - 3.2.4.4 Japan
    - 3.2.4.4.1 Electricity Deregulation
    - 3.2.4.4.2 Development wide-area electrical grids
    - 3.2.4.4.3 Liberalization of power generation
    - 3.2.4.4.4 Neutralization of power transmission and distribution sector
- 3.2.5 Middle East & Africa
  - 3.2.5.1 Saudi Arabia
    - 3.2.5.1.1 SEC Distribution Materials Specifications
  - 3.2.5.2 UAE
  - 3.2.5.3 South Africa
    - 3.2.5.3.1 Electrical Machinery Regulations
- 3.2.6 Latin America
  - 3.2.6.1 Brazil
3.3 COVID- 19 impact on the industry outlook
- 3.3.1 Overall view
3.4 Industry impact forces
- 3.4.1 Growth drivers
  - 3.4.1.1 North America
    - 3.4.1.1.1 Rising demand for the refurbishment of existing grid infrastructure
    - 3.4.1.1.2 Increasing infrastructural spending
  - 3.4.1.2 Europe
    - 3.4.1.2.1 Rapid deployment of renewable energy sources
    - 3.4.1.2.2 Expansion and development of prevailing energy grid networks
  - 3.4.1.3 Asia Pacific
    - 3.4.1.3.1 Ongoing integration of renewables on a large-scale
    - 3.4.1.3.2 Elevating demand for electricity
  - 3.4.1.4 Middle East, Africa & Latin America
    - 3.4.1.4.1 Rising energy demand
    - 3.4.1.4.2 Rising investment and expenditure toward the development of new energy distribution networks
- 3.4.2 Industry pitfalls & challenges
  - 3.4.2.1 Substantial initial deployment cost
3.5 Growth potential analysis
3.6 Porter's Analysis
- 3.6.1 Bargaining power of buyer
- 3.6.2 Bargaining power of supplier
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
3.7 PESTEL Analysis

Chapter 4 Competitive Benchmarking

4.1 Innovation & sustainability landscape
- 4.1.1 Eaton
- 4.1.2 Schneider Electric
- 4.1.3 Siemens
4.2 Competitive landscape, 2022
- 4.2.1 Strategy dashboard
  - 4.2.1.1 ABB
    - 4.2.1.1.1 Investment
    - 4.2.1.1.2 Installation/Supply
    - 4.2.1.1.3 Facility expansion
  - 4.2.1.2 Eaton
    - 4.2.1.2.1 Acquisition
  - 4.2.1.3 Schneider Electric
    - 4.2.1.3.1 Business expansion
  - 4.2.1.4 Siemens
    - 4.2.1.4.1 Acquisition
  - 4.2.1.5 Lucy Group Ltd.
    - 4.2.1.5.1 Installation/Supply
  - 4.2.1.6 CHINT Group
    - 4.2.1.6.1 Business expansion

Chapter 5 Smart Ring Main Unit Market, By Insulation

5.1 Key insulation trends
5.2 Gas
- 5.2.1 Global market from gas, 2019 - 2032
- 5.2.2 Global market from gas, by region, 2019 - 2032
5.3 Air
- 5.3.1 Global market from air, 2019 - 2032
- 5.3.2 Global market from air, by region, 2019 - 2032
5.4 Oil
- 5.4.1 Global market from oil, 2019 - 2032
- 5.4.2 Global market from oil, by region, 2019 - 2032
5.5 Solid-di-electric
- 5.5.1 Global market from solid-di-electric, 2019 - 2032
- 5.5.2 Global market from solid-di-electric, by region, 2019 - 2032
5.6 Others
- 5.6.1 Global market from others, 2019 - 2032
- 5.6.2 Global market from others, by region, 2019 - 2032

Chapter 6 Smart Ring Main Unit Market, By Position

6.1 Key position trends
6.2 2-3-4 position
- 6.2.1 Global market from 2-3-4 position, 2019 - 2032
- 6.2.2 Global market from 2-3-4 position, by region, 2019 - 2032
6.3 5-6 position
- 6.3.1 Global market from 5-6 position, 2019 - 2032
- 6.3.2 Global market from 5-6 position, by region, 2019 - 2032
6.4 7-10 position
- 6.4.1 Global market from 7-10 position, 2019 - 2032
- 6.4.2 Global market from 7-10 position, by region, 2019 - 2032
6.5 Others
- 6.5.1 Global market from others, 2019 - 2032
- 6.5.2 Global market from others, by region, 2019 - 2032

Chapter 7 Smart Ring Main Unit Market, By Technology

7.1 Key technology trends
7.2 Motorized RMU
- 7.2.1 Global market from motorized RMU, 2019 - 2032
- 7.2.2 Global market from motorized RMU, by region, 2019 - 2032
7.3 Non - motorized RMU
- 7.3.1 Global market from non - motorized RMU, 2019 - 2032
- 7.3.2 Global market from non - motorized RMU, by region, 2019 - 2032

Chapter 8 Smart Ring Main Unit Market, By Installation

8.1 Key installation trends
8.2 Indoor
- 8.2.1 Global market from indoor, 2019 - 2032
- 8.2.2 Global market from indoor, by region, 2019 - 2032
8.3 Outdoor
- 8.3.1 Global market from outdoor, 2019 - 2032
- 8.3.2 Global market from outdoor, by region, 2019 - 2032

Chapter 9 Smart Ring Main Unit Market, By Component

9.1 Key component trends
9.2 Switch & fuses
- 9.2.1 Global market from switch & fuses, 2019 - 2032
- 9.2.2 Global market from switch & fuses, by region, 2019 - 2032
9.3 Self-powered electronic relay
- 9.3.1 Global market from self-powered electronic relay, 2019 - 2032
- 9.3.2 Global market from self-powered electronic relay, by region, 2019 - 2032
- 9.3.3 Communicable
  - 9.3.3.1 Global market from communicable, 2019 - 2032
  - 9.3.3.2 Global market from communicable, by region, 2019 - 2032
  - 9.3.3.3 Conventional CT/VT sensors
    - 9.3.3.3.1 Global market from conventional CT/VT sensors, 2019 - 2032
    - 9.3.3.3.2 Global market from conventional CT/VT sensors, by region, 2019 - 2032
  - 9.3.3.4 Low power CT/VT sensors
    - 9.3.3.4.1 Global market from low power CT/VT sensors, 2019 - 2032
    - 9.3.3.4.2 Global market from low power CT/VT sensors, by region, 2019 - 2032
- 9.3.4 Non - communicable
  - 9.3.4.1 Global market from non - communicable, 2019 - 2032
  - 9.3.4.2 Global market from non - communicable, by region, 2019 - 2032
9.4 Automations RTU's
- 9.4.1 Global market from automations RTU's, 2019 - 2032
- 9.4.2 Global market from automations RTU's, by region, 2019 - 2032
9.5 UPS
- 9.5.1 Global market from UPS, 2019 - 2032
- 9.5.2 Global market from UPS, by region, 2019 - 2032
9.6 Fault passage indictors/ short circuit indicators
- 9.6.1 Global market from fault passage indictors/ short circuit indicators, 2019 - 2032
- 9.6.2 Global market from fault passage indictors/ short circuit indicators, by region, 2019 - 2032
- 9.6.3 Communicable
  - 9.6.3.1 Global market from communicable, 2019 - 2032
  - 9.6.3.2 Global market from communicable, by region, 2019 - 2032
  - 9.6.3.3 Conventional CT/VT sensors
    - 9.6.3.3.1 Global market from conventional CT/VT sensors, 2019 - 2032
    - 9.6.3.3.2 Global market from conventional CT/VT sensors, by region, 2019 - 2032
  - 9.6.3.4 Low power CT/VT sensors
    - 9.6.3.4.1 Global market from low power CT/VT sensors, 2019 - 2032
    - 9.6.3.4.2 Global market from low power CT/VT sensors, by region, 2019 - 2032
- 9.6.4 Non-communicable
  - 9.6.4.1 Global market from non-communicable, 2019 - 2032
  - 9.6.4.2 Global market from non-communicable, by region, 2019 - 2032
9.7 VDIS
- 9.7.1 Global market from VDIS, 2019 - 2032
- 9.7.2 Global market from VDIS, by region, 2019 - 2032