Quick Summary:
The global Ring Main Units market stands poised for remarkable growth, advancing from an size of US$1.8 billion in 2022 to an anticipated US$3.1 billion by 2030. This trajectory of expansion offers a unique prospect for business leaders seeking to stake their claim in an increasingly vibrant sector.
In the face of the ongoing post-pandemic recovery, these Ring Main Unit technologies, particularly the Gas Insulated segment, are central to the market's growth. Additionally, the expansion of the market is not confined to a single region. Players can leverage opportunities in various robust economies, with China forecast to grow at 11.8% CAGR and the U.S. market setting determined at $487.8 million in 2022. Navigate this high-growth market with our comprehensive report, featuring in-depth analysis and insights into 54 leading competitors. Your purchase also includes a year of complimentary updates, ensuring you stay ahead in this dynamic and competitive industry.
Global Ring Main Units Market to Reach $3.1 Billion by 2030
The global market for Ring Main Units estimated at US$1.8 Billion in the year 2022, is projected to reach a revised size of US$3.1 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030. Gas Insulated, one of the segments analyzed in the report, is projected to record 7.5% CAGR and reach US$2.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Oil Insulated segment is readjusted to a revised 6.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $487.8 Million, While China is Forecast to Grow at 11.8% CAGR
The Ring Main Units market in the U.S. is estimated at US$487.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$781.6 Million by the year 2030 trailing a CAGR of 11.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.Select Competitors (Total 54 Featured) -
- ABB Group
- C&S Electric Ltd.
- Crompton Greaves Ltd.
- Eaton Corporation PLC
- General Electric Company
- Larsen & Toubro Ltd.
- Ls Industrial Systems Co., Ltd.
- Lucy Electric Uk Ltd.
- Ormazabal Electric, S.L.U.
- Schneider Electric SA
- Siemens AG
- Tiepco
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Ring Main Units?
What is the growth rate of the Global Market for Ring Main Units?
What is the forecasted size of the Global Market for Ring Main Units?
Who are the key companies in the Global Market for Ring Main Units?
| Report Attribute | Details |
|---|---|
| No. of Pages | 229 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.8 Billion |
| Forecasted Market Value ( USD | $ 3.1 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Group
- C&S Electric Ltd.
- Crompton Greaves Ltd.
- Eaton Corporation PLC
- General Electric Company
- Larsen & Toubro Ltd.
- Ls Industrial Systems Co., Ltd.
- Lucy Electric Uk Ltd.
- Ormazabal Electric, S.L.U.
- Schneider Electric SA
- Siemens AG
- Tiepco
