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...