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

List of Tables

Europe Smart Ring Main Unit Market size is poised to expand at over 9% CAGR from 2023 to 2032, propelled by the ongoing grid modernization initiatives and investments.

The rising government-led efforts to modernize power grids across European nations is driving the adoption of intelligent ring main units (RMUs). According to Eurelectric's Power Barometer 2023 research, the existing grid infrastructure is unsuitable for integrating dispersed renewables, electric cars, and smart grids. As a result, in September 2023, Europe's power sector announced an 84% rise in investments in aging grid infrastructure annually till 2050. The evolving energy landscape and the increasing emphasis on grid modernization are also surging the integration of smart technologies for the development of resilient and responsive power infrastructures, fostering the market growth.

The Europe smart ring main unit industry is segmented into insulation, position, technology, installation, component, application, and country.

The market share from the switch and fuses component segment is anticipated to gain significant traction between 2023 and 2032. The adoption of smart RMUs equipped with advanced switchgear and fuses is offering enhanced grid management efficiency. Several utilities in Europe are investing on modernizing their power distribution networks as well as leveraging intelligent components for real-time monitoring and control. Moreover, the growing focus on improving grid reliability and resilience is likely to propel segment growth.

Based on application, the Europe smart ring main unit market from the industries segment is projected to record substantial growth through 2032. This is fueled by the pressing need for enhanced grid monitoring, control, and automation to ensure uninterrupted power supply to critical industrial processes. The proliferation of digital technologies across industries is also escalating the requirement for energy management, thereby amplifying the integration of intelligent RMUs in the power distribution infrastructure.

Product Code: 7046

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 Europe Smart Ring Main Unit Industry Insights

2.1 Industry ecosystem analysis
- 2.1.1 Vendor Matrix
2.2 Regulatory landscape
2.3 Industry impact forces
- 2.3.1 Growth drivers
- 2.3.2 Industry pitfalls & challenges
2.4 Growth potential analysis
2.5 Porter's Analysis
- 2.5.1 Bargaining power of buyer
- 2.5.2 Bargaining power of supplier
- 2.5.3 Threat of new entrants
- 2.5.4 Threat of substitutes
2.6 PESTEL Analysis

Chapter 3 Competitive Benchmarking

3.1 Innovation & sustainability landscape
3.2 Competitive landscape, 2022
- 3.2.1 Strategy dashboard

Chapter 4 Europe Smart Ring Main Unit Market, By Insulation

4.1 Key insulation trends
4.2 Gas
4.3 Air
4.4 Oil
4.5 Solid-di-electric
4.6 Others

Chapter 5 Europe Smart Ring Main Unit Market, By Position

5.1 Key position trends
5.2 2-3-4 position
5.3 5-6 position
5.4 7-10 position
5.5 Others

Chapter 6 Europe Smart Ring Main Unit Market, By Technology

6.1 Key technology trends
6.2 Motorized RMU
6.3 Non - motorized RMU

Chapter 7 Europe Smart Ring Main Unit Market, By Installation

7.1 Key installation trends
7.2 Indoor
7.3 Outdoor

Chapter 8 Europe Smart Ring Main Unit Market, By Component

8.1 Key component trends
8.2 Switch & fuses
8.3 Self-powered electronic relay
- 8.3.3 Communicable
  - 8.3.3.3 Conventional CT/VT sensors
  - 8.3.3.4 Low power CT/VT sensors
- 8.3.4 Non - communicable
8.4 Automations RTU's
8.5 UPS
8.6 Fault passage indictors/ short circuit indicators
- 8.6.3 Communicable
  - 8.6.3.3 Conventional CT/VT sensors
  - 8.6.3.4 Low power CT/VT sensors
8.7 VDIS

Chapter 9 Europe Smart Ring Main Unit Market, By Application

9.1 Key application trends
9.2 Distribution utilities
- 9.2.3 Motorized RMU
- 9.2.4 Non - motorized RMU
9.3 Industries
9.4 Infrastructure
- 9.4.3 Motorized RMU
- 9.4.4 Non - motorized RMU
9.5 Transportation
9.6 Others

Chapter 10 Europe Smart Ring Main Unit Market, By Country

10.1 Key country trends
- 10.1.1 UK
- 10.1.2 Germany
- 10.1.3 Italy
- 10.1.4 Spain
- 10.1.5 France
- 10.1.5 Sweden
- 10.1.5 Greece

Chapter 11 Company Profiles

11.1 ABB
11.2 Eaton
11.3 Schneider Electric
11.4 CG Power & Industrial Solutions Ltd.
11.5 Siemens
11.6 Lucy Group Ltd.
11.7 LS ELECTRIC Co., Ltd.
11.8 HD HYUNDAI ELECTRIC CO., LTD.
11.9 Toshiba Energy Systems & Solutions Corporation
11.10 alfanar Group
11.11 CHINT Group
11.12 Bonomi Eugenio SpA