Ring Main Unit Market Top Trends, Covid-19 Impact & Analysis To 2030

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Ring Main Unit Market Expecting An Outstanding
Growth Till 2030
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Industry Overview

• Gradual shift to renewable energy resources will
  be a key factor driving the RMU industry growth.
  Sustainable technologies and renewable systems
  have gained significant momentum over the last
  few years, owing to growing environmental
  concerns associated with the impacts of elevated
  carbon emissions. A dramatic increase in
  greenhouse gases across different regions has led
  to the introduction of stringent
  energy-efficiency policies and norms which will
  complement the equipment adoption.
• The need for improved power generation and backup
  solutions will encourage large-scale deployment
  of RMUs in the renewable energy sector. Latest
  investments into the development and expansion of
  existing grid infrastructure in emerging
  economies will also drive the market trends.
• Stating another example, in August 2022, ABB
  unveiled a new state-of-the-art manufacturing
  facility in Nashik, India. The unit is designed
  with web-integrated traceability system processes
  and assets that support the transfer and exchange
  of real-time data for review and planning. The
  manufacturing plant will make a wide range of
  products for substations including gas-insulated
  switchgear, ring main unit, auto reclosers, and
  live tank vacuum-circuit breaker.

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Continue
The demand for ring main unit across the
transportation sector is anticipated to grow at a
notable pace up to 2030, owing to an increase in
spending on electric vehicle infrastructure. A
rise in public private investments in the
development of electric vehicles and
transportation utilities will boost equipment
installation in the sector. The introduction of
favorable regulatory mandates focusing on
streamlining the power demand and supply systems
will foster the industry outlook.
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Ring Main Unit Market

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