1. HOME
2. Research Insight
3. Top Companies in Ring Main Unit Industry - ABB Ltd (Switzerland) and Siemens (Germany)

The global ring main unit (RMU) market is anticipated to expand significantly, with projections estimating it will reach USD 3.4 billion by 2029, up from an estimated 2.5 USD  billion in 2024. This growth represents a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2024 to 2029. Ring main units are increasingly recognized as comprehensive solutions that are not only easy to install but also require minimal maintenance, making them highly attractive to various industries. Ring main units enhance the uptime and reliability of power supply systems, a crucial factor for industries that rely on continuous and stable electrical power. The ability of ring main units to integrate with intelligent electronic devices further boosts their appeal. These smart capabilities allow for better monitoring and management of electrical networks, making ring main units a key component in modern power distribution systems.

The growing global emphasis on renewable energy generation presents additional opportunities for the ring main unit market. As countries and companies worldwide push towards sustainable and eco-friendly energy sources, the demand for efficient and reliable power distribution solutions like ring main units is set to increase. This trend is driven by the need for infrastructure that can support the variable nature of renewable energy sources, such as solar and wind power, which require advanced grid management solutions. Furthermore, the ring main unit market's growth is supported by advancements in smart grid technologies. The integration of ring main units into smart grids enhances their functionality, providing utilities with the tools to optimize power distribution, reduce losses, and improve the overall efficiency of the electrical network. This technological synergy is expected to drive further adoption of ring main units in both developed and developing regions.

To know about the assumptions considered for the study download the pdf brochure

The ring main unit market is marked by a combination of major international companies with a global operational presence and local firms with strong supply networks within their domestic markets. The leading players in the global ring main unit market include ABB Ltd (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider Electric (France), and LS Electric Co., Ltd (South Korea).

Key players such as ABB Ltd (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider Electric (France), and LS Electric Co., Ltd (South Korea) have employed various growth strategies to bolster their positions in the ring main unit market. These strategies include launching new products, forming partnerships, securing sales contracts and agreements, making acquisitions, entering joint ventures, expanding operations, and investing in research and development. Their primary goal is not only to increase market share but also to expand their geographical presence.

ABB Ltd, a leading global technology company, provides comprehensive solutions in the areas of automation and power. The company conducts its operations through four primary segments: Electrification, Motion, Process Automation, and Robotics & Discrete Automation. The Electrification segment is further divided into six sub-segments: Smart Power, Smart Industry, E-mobility Solutions, Smart Cities, Smart Living, and Smart Distribution. Within the Smart Distribution sub-segment, ABB Ltd offers gas-insulated ring main units, which are integral to modern electrical distribution systems. These units are designed to ensure safety and reliability while minimizing power losses, leveraging ABB's extensive experience in digital technologies to provide advanced smart distribution solutions. ABB Ltd's expertise in smart distribution has enabled it to develop products that meet the high demands for efficiency and reliability in power management. By incorporating cutting-edge digital technologies, ABB ensures that its solutions support optimal power distribution with minimal losses, contributing to safer and more reliable electrical networks. Operating in over 100 countries, ABB Ltd has a broad geographic footprint that spans Europe, North America, Asia Pacific, South America, and the Middle East & Africa. This extensive presence allows the company to serve a diverse range of markets and maintain a strong global influence in the fields of automation and power.

Siemens is a prominent technology company that provides a wide range of services across several key areas, including automation and digitalization for process and manufacturing industries, industrial applications, intelligent infrastructure for buildings, distributed energy systems, and smart mobility solutions for road, rail, and digital health services. The company operates through four main segments: Digital Industrial Application, Smart Infrastructure, Mobility, and Siemens Healthineers. The Smart Infrastructure segment is particularly noteworthy for its offering of ring main units to customers, catering to the growing demand for reliable and efficient power distribution solutions. Siemens' extensive global presence includes operations in Europe, North America, the Middle East, South America, Africa, and the Asia Pacific region. The company is active in more than 100 countries, supported by a robust network of regional offices, research and development facilities, and sales offices. This expansive infrastructure allows Siemens to effectively serve a diverse range of markets and maintain its leadership in technology and innovation across the globe.

Related Reports:

Ring Main Unit Market by Insulation Type (Gas-insulated, Air-insulated, Oil-insulated, Solid Dielectric), Voltage Rating (Up to 15 kV, 16-25 kV, Above 25 kV), Installation (Indoor, Outdoor), Structure, Application, Region - Global Forecast to 2029

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]