Ring Main Unit Market Size to Grow $3.4 billion by 2029 | ABB Ltd., Siemens, Eaton, Schneider Electric
According to a research report, Ring Main Unit Market is anticipated to grow significantly; estimates place it at USD 2.5 billion in 2024 and predict it will reach USD 3.4 billion by 2029, a Compound Annual Growth Rate (CAGR) of 5.7%.
The growth of the market can be primarily attributed to the expanding capacity of renewable energy sources and the ongoing efforts to enhance distribution networks,...
Ring Main Unit Market Shows Enormous Growth with Leading Players ABB, Siemens, Eaton
The global ring main unit market is expected to grow at a CAGR of 6.0% to USD 3.0 billion by 2027, up from an estimated USD 2.3 billion in 2022. The market growth for ring main units can be attributed to the increasing capacity additions and enhancement plans for distribution networks and modernization of existing power infrastructure.
Key Market Players:
The leading players in the global ring...
Ring Main Unit Market to Surpass $3.0 billion in 2027
According to a research report “Ring Main Unit Market by Insulation Type (Gas-insulated, Air-insulated, Oil-insulated, Solid Dielectric), Installation (Indoor, Outdoor), Voltage Rating (Up to 15 kV, 15 kV–25 kV, Above 25 kV), Structure, Application, Region – Global Forecast to 2027″ published by MarketsandMarkets, the Ring main unit market is expected to grow at a CAGR of...