Market Overview:
The global Smart Ring Main Units (RMU) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and smart buildings, rising awareness about energy conservation, and growing investments in smart city projects. The global Smart Ring Main Units (RMU) market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into solid insulated RMUs, gas insulated RMUs, and air insulated RMUs. On the basis of application, the market is segmented into residential and utilities applications; industries applications; and other applications such as data centers or hospitals etc.
 Industry Outlook.svg)
Product Definition:
There are two types of Smart Ring Main Units (RMU), the RMU-A and the RMU-B. The RMU-A is for use with a single smart ring, while the RMU-B can be used with up to four smart rings.
The main purpose of a Smart Ring Main Unit (RMU) is to provide power and communication between a smart ring and an external device.
Solid Insulated:
The solid insulated ring main units (SIR MU) market is expected to grow at a significant rate owing to the increasing demand for energy efficiency, cost-effectiveness and environmental sustainability. Solid Insulated Ring Main Units (SIR MU) are used in commercial buildings such as data centers, offices and other utility services.
Gas Insulated:
The gas insulated and it’s usage in smart ring main units ( RMU) market is expected to witness significant growth over the forecast period. The growth of the market can be attributed to increasing demand for energy efficient solutions, growing environmental concerns coupled with rising health awareness among consumers.
Application Insights:
The industries application segment accounted for the largest share of over 50% in 2017. The rising adoption of smart rings, especially in industrial applications, is expected to drive the global smart ring main units (RMU) market over the forecast period. Industries such as oil and gas, construction and mining are some of the major end-users driving demand for these devices across various regions.
Utilities application segment is projected to witness significant growth with a CAGR exceeding 20% from 2018 to 2030 owing to increasing penetration of IoT technologies across water management systems and energy grids. Increasing need for automation in water treatment plants along with growing investments by governments in developing nations such as India and China are likely to propel demand over next seven years or so.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to increasing demand for smart home and IoT-enabled devices. In addition, rising adoption of smartphones and high penetration of social media is expected to drive the demand for smart rings in this region. Europe accounted for a significant share owing to growing popularity of luxury jewelry among consumers from Italy, Germany, France, Spain and U.K.
Asia Pacific is expected to witness substantial growth over the forecast period owing to increasing disposable income coupled with growing population especially in China.
Middle East & Africa (MEA) region is anticipated grow at a lucrative rate over the forecast period due its large oil & gas industry presence along with huge construction spending by governments across Saudi Arabia, UAE etc.
Growth Factors:
- Increasing demand for Smart Ring Main Units (RMU) in the automotive sector as a result of the increasing demand for advanced safety features in vehicles.
- The growing popularity of wearable technology is expected to drive the growth of the Smart Ring Main Units (RMU) market during the forecast period.
- Rising disposable income and changing lifestyle trends are anticipated to boost sales of Smart Ring Main Units (RMU) products in developing countries over the next few years.
- Proliferation of smart devices and increasing internet penetration are expected to create new opportunities for players operating in the global Smart Ring Main Units (RMU) market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Ring Main Units (RMU) Market Research Report
By Type
Solid Insulated, Gas Insulated, Air Insulated
By Application
Residential and Utilities, Industries, Others
By Companies
ABB, Schneider Electric, Siemens, Eaton, SOJO, CEEPOWER, Creative Distribution Automation, Toshiba, Larsen & Toubro, Daya Electric, ABB, HEZONG, G&W Electric, Sevenstars Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Smart Ring Main Units (RMU) Market Report Segments:
The global Smart Ring Main Units (RMU) market is segmented on the basis of:
Types
Solid Insulated, Gas Insulated, Air Insulated
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential and Utilities, Industries, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Schneider Electric
- Siemens
- Eaton
- SOJO
- CEEPOWER
- Creative Distribution Automation
- Toshiba
- Larsen & Toubro
- Daya Electric
- ABB
- HEZONG
- G&W Electric
- Sevenstars Electric
 Market Overview.svg)
Highlights of The Smart Ring Main Units (RMU) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solid Insulated
- Gas Insulated
- Air Insulated
- By Application:
- Residential and Utilities
- Industries
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Ring Main Units (RMU) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Ring Main Units (RMU) are the heart of the Smart Ring platform. They are responsible for processing and managing all user interactions with the ring, including notifications, voice commands, and data transfers.
Some of the major players in the smart ring main units (rmu) market are ABB, Schneider Electric, Siemens, Eaton, SOJO, CEEPOWER, Creative Distribution Automation, Toshiba, Larsen & Toubro, Daya Electric, ABB, HEZONG, G&W Electric, Sevenstars Electric.
The smart ring main units (rmu) market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Ring Main Units (RMU) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Ring Main Units (RMU) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Ring Main Units (RMU) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Ring Main Units (RMU) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Ring Main Units (RMU) Market Size & Forecast, 2018-2028
4.5.1 Smart Ring Main Units (RMU) Market Size and Y-o-Y Growth
4.5.2 Smart Ring Main Units (RMU) Market Absolute $ Opportunity
Chapter 5 Global Smart Ring Main Units (RMU) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Ring Main Units (RMU) Market Size Forecast by Type
5.2.1 Solid Insulated
5.2.2 Gas Insulated
5.2.3 Air Insulated
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Ring Main Units (RMU) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Ring Main Units (RMU) Market Size Forecast by Applications
6.2.1 Residential and Utilities
6.2.2 Industries
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Ring Main Units (RMU) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Ring Main Units (RMU) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Ring Main Units (RMU) Analysis and Forecast
9.1 Introduction
9.2 North America Smart Ring Main Units (RMU) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Ring Main Units (RMU) Market Size Forecast by Type
9.6.1 Solid Insulated
9.6.2 Gas Insulated
9.6.3 Air Insulated
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Ring Main Units (RMU) Market Size Forecast by Applications
9.10.1 Residential and Utilities
9.10.2 Industries
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Ring Main Units (RMU) Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Ring Main Units (RMU) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Ring Main Units (RMU) Market Size Forecast by Type
10.6.1 Solid Insulated
10.6.2 Gas Insulated
10.6.3 Air Insulated
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Ring Main Units (RMU) Market Size Forecast by Applications
10.10.1 Residential and Utilities
10.10.2 Industries
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Ring Main Units (RMU) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Ring Main Units (RMU) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Ring Main Units (RMU) Market Size Forecast by Type
11.6.1 Solid Insulated
11.6.2 Gas Insulated
11.6.3 Air Insulated
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Ring Main Units (RMU) Market Size Forecast by Applications
11.10.1 Residential and Utilities
11.10.2 Industries
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Ring Main Units (RMU) Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Ring Main Units (RMU) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Ring Main Units (RMU) Market Size Forecast by Type
12.6.1 Solid Insulated
12.6.2 Gas Insulated
12.6.3 Air Insulated
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Ring Main Units (RMU) Market Size Forecast by Applications
12.10.1 Residential and Utilities
12.10.2 Industries
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Ring Main Units (RMU) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Ring Main Units (RMU) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Ring Main Units (RMU) Market Size Forecast by Type
13.6.1 Solid Insulated
13.6.2 Gas Insulated
13.6.3 Air Insulated
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Ring Main Units (RMU) Market Size Forecast by Applications
13.10.1 Residential and Utilities
13.10.2 Industries
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Ring Main Units (RMU) Market: Competitive Dashboard
14.2 Global Smart Ring Main Units (RMU) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Schneider Electric
14.3.3 Siemens
14.3.4 Eaton
14.3.5 SOJO
14.3.6 CEEPOWER
14.3.7 Creative Distribution Automation
14.3.8 Toshiba
14.3.9 Larsen & Toubro
14.3.10 Daya Electric
14.3.11 ABB
14.3.12 HEZONG
14.3.13 G&W Electric
14.3.14 Sevenstars Electric
