Recloser Market Size, Industry Analysis Report By Phase Type (Three Phase, Single Phase, Triple Single Phase), By Control Type (Electronic, Hydraulic) & Region – Forecasts
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 243
- CATEGORY
- Energy & Power
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 devices utilized in an electric distribution network to reduce momentary faults prior to operation or fuses and prevent lengthy outages. It is considered to as a very high voltage automated electric switch that shuts off when there is a problem with the electric power. When a fault is detected, it detects it and shuts off the power; if the fault is fixed, it reopens; otherwise, a permanent closure occurs. It is made to be able to quickly identify defects and interruptions in the electrical distribution networks, saving money and aggravation from regular power outages. The recloser can instantly fix any temporary issues with power as well. The recloser cuts the power to stop an accident in the reoccurrence scenario, which occurs three or more times on average. It is capable of fault detection and line unlocking resets with ease. Triple single reclosers, single-phase reclosers, and three-phase reclosers are the three main types of reclosers produced. Reclosers have a separate coil series with the line and work via a hydraulic mechanism. The control mechanism, which collects the current signal, is situated outside the reclosers.
The Recloser Market - Growth Factors
The demand for greater quality and dependability, increased automation of the electric supply, increased utilization of electrical equipment and devices, and increased demand for adequate device protection are the main drivers propelling the growth of the worldwide recloser control market. Growing investments in the upgrade of older substations & feeder line protection are further factors that are anticipated to support market expansion for recloser controls globally over the course of the projected period. However, one of the main factors limiting the growth of the worldwide recloser control market is the exorbitant cost of purchasing recloser control devices. Another issue that is anticipated to significantly impede the growth of the global market is the availability of substitutes for recloser control.
The Recloser Market – Market Trends
• Rising investments in feeder line protection and the modernization of existing substations have a beneficial impact on the market for recloser control systems globally. The global market for recloser control systems is, however, significantly constrained by the high cost of recloser control devices. Another aspect that is anticipated to significantly constrain the global market is the accessibility of alternatives.
• The global expansion of the transmission and distribution networks is driving the market for recloser control systems. The requirement for effective safety of these devices, an increase in the utilization of electrical equipment, and the demand for automated electric supply are the main factors propelling the global market for recloser control systems.
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
The Recloser Market –Regional Analysis
The majority of the market is in Asia-Pacific. the increasing requirement for power reliability, the expansion of the distribution network, and the increased demand for electrical energy as a result of industrialization and urbanization. Additionally, the market in the region will benefit from increased developments in smart grid infrastructure projects, robust governmental initiatives, and current projects.
The Recloser Market – Key Market players
The major players in the market are
• Schneider Electric
• Siemens
• Tavrida
• NOJA Power
• GE
• Hubbell
• Entec
• Beckwith Electric
• Eaton Corporation
Report scope
Global Recloser Market: Historical Years- 2018-2021
Global Recloser Market: Forecast Years- 2022-2030
Global Recloser Market 2022- USD 1.85 billion
Global Recloser Market CAGR- 5.5%
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