Electronic Recloser Market - By Phase, By Interruption, By Voltage Rating, Analysis, Share, Growth Forecast, 2024 - 2032

Electronic Recloser Market Size

The global electronic recloser market size was valued at over USD 1.3 billion in 2023 and is set to grow at a rate of over 6.2% by 2032. The modern need for the enhancement of electrical infrastructure along with the rapidly increasing demand for electricity has contributed to the surge in demand for reclosers globally.
 

The International Energy Agency analysis indicates the rise in the demand of electricity has gone up by nearly 80% since 1980, which is a global crisis. As a result, there has been an ongoing investment by manufacturers to produce products that are economically feasible and contribute to efficient power distribution. Consequently, the market is particularly competitive, and each manufacturer tries to produce the latest reclosers to assists in offering effective power distribution.

Increasing demand set by the commercial industry along with rising concern in the need to fix existing electrical faults in distribution systems, particularly those concerning transient and permanent faults is boosting the market growth. The enhancement of providable infrastructure in developed countries coupled with the product benefits has further alleviated the market. Transient faults detection and technology such as lightning, birds, wind, or even rods are the most important contributors to the destabilization of the electrical system which helps promote the buildup for stable and purified recloser systems.
 

The reclosers operating on an automatic basis have redefined how electric companies work as their systems are now able to reduce outage areas and power restoration period. This in turn has led companies to save time and cost, leading to the improvement of networking infrastructure. The expansion of such concepts has positive consequences on both power consumers and investing industries. For instance, in August 2023, Reliance Industries in India planned to invest more than USD 2.4 billion in the manufacturing of green energy machinery to meet their 2025 targets. Not only will this strengthen their market position, but also increase the deployment of their products.
 

COVID- 19 Impact

The electronic recloser market faced challenges during the COVID-19 pandemic as disruptions in the supply chain and construction activities impacted production. However, the increased focus on resilient and efficient power distribution systems led to a gradual recovery. The industry demonstrated adaptability, incorporating technological advancements to enhance performance and meet evolving demands for reliable electricity supply.
 

Electronic Recloser Market Trends

The recloser technology comes with vastly improved communication interfaces and algorithms that provide self-diagnostic and self-healing features to enhance fault detection. As the industry becomes more prevalent, so does the ease of managing traditional distribution systems. It is clear that the primary purpose of these innovations is to adjust self-diagnostic fault systems in addition to high reducing energy consumption.
 

The recloser market is being transformed from basic technologies to advanced ones and the push towards the integration of smart grid technology makes use of multi service communication interfacing and connectivity options across the electrical grids which improves overall synergy within the business environment. Electronic reclosers will become indispensable elements of a smart grid over the value chain, so it is necessary to enhance their capabilities through advanced real-time monitoring, remote control, and data analysis to ensure the optimal operation of the grids. Further innovation in recloser technology is driven by the increasing need for green and eco-friendly technologies. Manufacturers are targeting the production of reclosers with superior fault detection methods, self-diagnostic tools, and self-healing abilities for the benefit of the grid.
 

The sophisticated design of the reclosers allows enhanced communication interfaces to be incorporated for integration with the other components of the power systems. Such integration of reclosers with other parts of the grid will improve their communication enabling the reclosers to respond to faults and minimize downtimes. Reclosers are becoming more modular and compact which allows for more options during installation and maintenance.
 

Electronic Recloser Market Analysis

The three phase electronic recloser industry is projected to expand with a CAGR of more than 6.3% by 2032. These industry dynamics are likely be facilitated by their increased use in utilities in areas that require the disconnection of all three phases to avoid system overloading. These reclosers are specifically designed to protect lines from damage, clear system faults, and restore service after fault confirmation, as these reclosers are most sought for multi-phase fault repairing. Other applications of these reclosers are in electrical power systems in high voltage power lines and substations operating below 38,000 volts.
 

• The three-phase electronic reclosers, with their lightweight design, impressive operational qualities and excellent power handling characteristics, are superior to all other reclosers currently on the market.
   
• The further growing need for reliability of power along with increased ampacity during industrial processes will serve well to enhance the overall business environment.

The electronic recloser market of 15 kV is projected to register a CAGR of over 6.1% by 2032. The demand for efficient and lightweight reclosers, are adopting ecofriendly designs. The constant growth of suburbs and rapid development is estimated to positively influence the market penetration of 15 kV reclosers. Besides, the operational flexibility of these reclosers will help to expand the industry scope because they are comparatively more adept to work in multiple environments.
 

• The 27 kV recloser is expected to gain significantly in revenues and is currently enjoying a strong growth trend primarily owing to increased growth in the commercial and industrial segments.
   
• The market growth is expected to grow due to the rising demand for affordable and marketable solutions for both secondary and primary distribution systems.
   
• The focus on achieving high levels of safety performance and energy efficiency standards is expected to positively impact the business environment. 
   
• The changing dynamics of these products is expected to be fostered by controlled and sustained research work on these units to make them more sustainable.

Asia Pacific electronic recloser market will expand over 5.4% and surpass other regions by 2032. The localization of electricity generation models along with the rising demand for power, will serve to propel the regional economy during this time period. The area has recorded an increase in electricity generation capacity and consumption mostly due to industrialization and urbanization of the population. In India and China in particular, there are massive investments in improving existing power generation capacity and infrastructure which positively impacts most industries.
 

• The authorities in the area are investing a lot of resources towards the building of new infrastructure. In particular, this includes the development of power transmission and distribution systems. The modernization and growth of electrical grids brings the need for new protection systems such as reclosers.
   
• These devices also help minimize the number of simultaneous disturbances an electric system can experience. Additionally, power utilities of the region have commenced giving more attention towards the reliability of the grid and minimizing outages.
   
• Reclosers help to divide the distribution network into sections, enabling the isolation of faulty parts, which prevents the faults from spreading to other sections and reduces the number of customers affected. 
   
• The ability to automatically restore power rapidly after a fault enhances a grid's dependability.
   

Electronic Recloser Market Share

The electronic recloser’s crucial functions is safeguarding the power grid by separating the network’s defective components while making sure the remainder of the system continues to function appropriately. This market’s companies are allocating funds to increase competitiveness, expand their range of products through new technology developments, and engage in merger and acquisition activities. For example, in June 2024, Eaton, for instance, launched its new line of intelligent electronic reclosers whose grid automation functions have been improved.
 

Electronic Recloser Market Companies

• ABB
• ARTECHE
• Eaton
• ENSTO
• ENTEC Electric & Electronic
• G&W Electric
• Hubbell
• Hughes Power System
• NOJA Power Switchgear Pty Ltd
• Rockwill
• S&C Electric Company
• Schneider Electric
• Shinsung Industrial Electric
• Siemens
• Tavrida Electric
   

Electronics Recloser Industry News

• In August 2022, the U.S. government started the investment of USD 10.5 billion to ensure security of electricity in America. The investment will speed up the implementation of next generation electric projects that will help to improve the power supply sector’s infrastructure readiness for affordable reliable clean electricity.
   
• In 2022 December, India Grid Trust (IndiGrid) and G R Infraprojects signed an agreement pertaining to the power transmission projects worth more than USD 50 billion for identified TBCB (Tariff Based Competitive Bidding) transmission projects. Besides, the power ministry of India has recently announced a plan regarding investment worth USD 2,500 billion in development of transmission infrastructure in order to achieve 500 GW of renewable energy capacity by 2030. This is likely to positively affect the market growth.
   

Electronic recloser market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘Units & ‘USD Million’ from 2019 to 2032, for the following segments:

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Market, By Phase

• Single phase
• Three phase

Market, By Interruption

• Oil
• Vacuum

Market, By Voltage Rating

• 15 kV
• 27 kV
• 38 kV

The above information has been provided for the following countries across the regions:

North America

• U.S.
• Canada
• Mexico

Europe

• UK
• Germany
• France
• Russia
• Italy

Asia Pacific

• China
• Japan
• India
• South Korea
• Australia

Middle East & Africa

• Saudi Arabia
• UAE
• Qatar

Latin America

• Brazil
• Argentina
• Chile