The Market Reports

Synopsis

The global market for Ring Main Units (RMU) was estimated to be worth US$ 2984 million in 2024 and is forecast to a readjusted size of US$ 4339 million by 2031 with a CAGR of 5.6% during the forecast period 2025-2031.

Ring Main Unit is a group of transmission and distribution electrical equipment (high-voltage switchgear) installed in metal or non-metal insulated cabinet or made into assembled interval ring network power supply unit electrical equipment, its core part of the load switch and fuse, with simple structure, small size, low price, can improve power supply parameters and performance and power supply safety and other advantages. It is widely used in urban residential quarters, high-rise buildings, large public buildings, factories and enterprises, photovoltaic power generation and other load centers of the distribution station and box-type substation.

The global key manufacturers of Ring Main Unit (RMU) include ABB, Schneider Electric and Siemens, etc, top 3 manufacturers hold a share approximately 36%. ABB is the world's largest Ring Main Unit (RMU) manufacturer, with a market share of more than 14%. North America, Europe and China are the major Ring Main Unit (RMU) market, they have a market share of more than 63%. China is the largest market with a share of 29%. In terms of product type, Gas Insulation is the largest market segment with a share of more than 44%. In terms of applications, Power Transmission Distribution is the largest downstream segment, with a market share of about 90%.

The driving factors of the ring main unit (RMU) market mainly include the following aspects:

1. Technological innovation and product upgrade
With the continuous advancement of science and technology, ring main unit products are undergoing innovations in intelligence, networking, high reliability, energy saving and environmental protection. Enterprises increase investment in research and development and launch more competitive and adaptable products to meet the growing market demand. For example, the new ring main unit adopts more advanced insulation materials and switch technology, which improves the reliability and safety of the product, while reducing energy consumption and operating costs.

2. Demand for power grid transformation and equipment renewal
As the domestic power grid transformation process continues to accelerate and the demand for power grid equipment renewal continues to rise, the market demand for ring main units, as an important part of the distribution network power supply system, continues to increase. Power grid transformation and equipment renewal have brought a large number of ring main unit procurement needs, which has promoted the development of the market.

3. Policy support and market demand
The government's increased investment and support for power grid construction, as well as the society's increasing requirements for the reliability and safety of power supply, have also provided strong support for the development of the ring main unit market. At the same time, with the acceleration of urbanization and the improvement of residents' living standards, the demand for power supply is also increasing, which provides a broad market space for the ring main unit market.

4. Expansion of application fields
Ring main units are not only widely used in distribution stations and box-type substations in urban residential areas, high-rise buildings, large public buildings, factories and enterprises, but also gradually expanded to new energy fields such as photovoltaic power generation and wind power generation. The continuous expansion of these emerging application fields has brought new growth points to the ring main unit market.

5. Globalization and market competition
The trend of globalization has promoted international competition in the ring main unit market. Internationally renowned manufacturers such as ABB, Schneider Electric, Siemens, etc., with their brand advantages and technical strength, occupy an important position in the global market. At the same time, Chinese local companies are also constantly strengthening technological innovation and market expansion, and gradually forming a competitive situation with international manufacturers.

This competition has promoted the continuous optimization of products and the prosperity and development of the market.

In summary, technological innovation and product upgrades, power grid transformation and equipment renewal needs, policy support and market demand, application field expansion, globalization and market competition are the main driving factors for the development of the ring main unit market. In the future, with the advancement of science and technology and the continuous expansion of the market, the ring main unit market is expected to continue to maintain a steady growth trend.

This report aims to provide a comprehensive presentation of the global market for Ring Main Units (RMU), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Ring Main Units (RMU) by region & country, by Type, and by Application.

The Ring Main Units (RMU) market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Ring Main Units (RMU).

Market Segmentation

By Company

• ABB
• Schneider Electric
• Siemens
• Eaton
• G&W Electric
• Qingdao TGOOD Electric
• Sojo Electric
• Jiangsu Daquan Changjiang Electric Appliance Co., Ltd.
• Ceepower
• Sevenstars Electric
• Beijing Hezong Science and Technology
• Toshiba
• HCRT Electrical Equipments
• Daya Electric Appliance
• JinGuan Electric
• Beijing Creative Distribution Automation

Segment by Type

• Solid Insulation
• Gas Insulation
• Air Insulation

Segment by Application

• Photovoltaic Power Generation
• Power Transmission Distribution

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.