The global recloser market size was around USD 1.85 billion in 2022. The market is projected to grow USD 2.95 in 2028 at a CAGR of 5.5% during forecast period. Reclosers are the protective electronic components used in an electric distribution network to minimize temporary faults before operation of fuses and avoid protracted outages. It is regarded as an extremely high voltage automated electric switch that turns off when there is an electric power issue. It detects a fault and turns off the power; if the fault is corrected, it reopens; if not, a permanent closure takes place. It is designed to be able to spot errors and disruptions in the electrical distribution networks early, saving users money and annoyance from frequent power outages.
Additionally, the recloser can immediately resolve any transient power problems. In the reoccurrence scenario, which happens three or more times on average, the recloser cuts the power to prevent an accident. It can easily perform line unlocking resets and fault detection. The three most common forms of reclosers created are triple single reclosers, single-phase reclosers, and three-phase reclosers. Reclosers operate using a hydraulic mechanism and have a separate coil series with the line. Outside the reclosers is the control mechanism, which also collects the current signal.
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The Recloser Market – Growth Factors
The primary factors driving the growth of the global recloser control market are the requirement for improved quality and dependability, more automation of the electric supply, increased use of electrical equipment and devices, and the demand for proper device protection. Additional variables that are likely to encourage the market expansion for recloser controls globally over the course of the projected period include rising investments in the upgrade of aging substations and feeder line protection. The outrageous cost of buying recloser control devices, however, is one of the key issues preventing the growth of the global recloser control market. The accessibility of alternatives to recloser control is a further problem that is projected to severely slow down the expansion of the global market.
The Recloser Market – Market Trends
The market for recloser control systems is benefiting from rising investments in feeder line protection and the renovation of existing substations. The high price of recloser control devices, however, severely restricts the global market for recloser control systems. The availability of alternatives is another factor that is projected to severely restrain the global market.
The market for recloser control systems is being driven by the global growth of the transmission and distribution networks. The key drivers of the global market for recloser control systems are the need for effective safety of these devices, an increase in the use of electrical equipment, and the demand for automated electric supply.
Top Key Players of Global Recloser Market:
Schneider Electric
Siemens
Tavrida
NOJA Power
GE
Hubbell
Entec
Beckwith Electric
Eaton Corporation
The Recloser Market – Segmentation
Recloser Market by Phase Type is categorized into:
- Three Phase
- Single Phase
- Triple Single Phase
Recloser Market by Control Type is fragmented into:
- Electronic
- Hydraulic
Recloser Market by Voltage Rating is classified into:
- Up to 15 KV
- 16-27 KV
- 28-38 KV
Market Segmented by Region:
North America (U.S., Canada, Mexico)
Europe (UK, Germany, France, Italy, Rest of Europe)
Asia-Pacific (China, Japan, Australia, Malaysia, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
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Objectives of the Study:
- To provide with an exhaustive analysis on the Recloser Market by Product, By Application, By End User and by Region.
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
- To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
