Electronic Recloser Market Size - By Phase (Single phase, Three phase), By Interruption (Oil, Vacuum), By Voltage Rating (15 kV, 27 kV, 38 kV), & Forecast, 2024 - 2032

Electronic Recloser Market Size

Electronic Recloser Market was valued at USD 1.3 billion in 2023 and is anticipated to register over 6.2% CAGR between 2024 and by 2032. The increasing demand for electricity coupled with the need to upgrade existing electrical infrastructure has driven a surge in the global demand for reclosers. Despite various regulatory reforms, a persistent mismatch between supply and demand exists, which in turn is driving the product deployment across electrical infrastructure. As a result, component manufacturers are making aggressive investments to develop products that align with the requirements of efficient power distribution.
 

The increasing need for the restoration of existing electrical networks, combined with a focus on enhancing infrastructure in developed nations, has contributed to a favorable business environment. In addition, there is a growing demand to address electrical faults in distribution systems, particularly those involving transient and permanent faults, which is expected to drive the electronic recloser market. Transient faults, caused by factors such as lightning, birds or rodents, and windblown tree branches or wires, underscore the importance of reliable recloser technology in maintaining a stable and efficient electrical distribution system.
 

The ability of reclosers to automatically restore power and reduce outage areas, facilitating quick problem identification and power restoration, has proven instrumental for electric companies. This has resulted in significant time and cost savings for these companies, subsequently sparing electric power consumers from the inconvenience and expenses associated with frequent power outages. In addition, increasing private & public investment to improve the electrical infrastructure is paving the way for the product deployment.
 

The growing need to manage traditional distribution systems has led to a substantial adoption of reclosers. The recloser industry has also experienced technological advancements aimed at improving performance and functionality. These innovations encompass enhanced fault detection algorithms, self-diagnostic capabilities, self-healing features, and improved communication interfaces. The goal of such advancements is to optimize the operation and maintenance of reclosers within power distribution systems.
 

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

Increasing emphasis on smart grid technology integration along with the integration of communication interfaces & connectivity options across the electrical grid infrastructure will complement the business scenario. Electronic reclosers are becoming integral components of smart grids, allowing for real-time monitoring, remote control, and data analytics to enhance overall grid efficiency. on, there is a growing demand for sustainable and environmentally friendly solutions, driving innovations in recloser technology. Manufacturers are focusing on developing reclosers with improved fault detection algorithms, self-diagnostic capabilities, and self-healing features to optimize grid performance.

Advanced reclosers are equipped with enhanced communication capabilities, facilitating seamless integration into the broader power infrastructure. This connectivity allows for better coordination between reclosers and other grid components, enabling faster response to faults and minimizing downtime. In addition, the market is experiencing a shift towards modular and compact designs, providing flexibility in installation and maintenance.
 

Electronic Recloser Market Analysis

Three phase recloser industry is anticipated to grow at a CAGR of over 6.3% through 2032. The increased applicability of three-phase reclosers in regions, where disconnecting all three phases is necessary to prevent unbalanced loading on the system is expected to drive industry dynamics in the future. These reclosers are specifically engineered to safeguard lines, autonomously isolate faults, and reinstate service once the fault is resolved. They are the preferred choice for addressing multi-phase faults and find application across various domains in electrical power systems, particularly in high-voltage power lines and substations with voltages up to 38,000 volts.
 

• The three-phase units, characterized by their ability to handle high power capacity with light weight and superior operational characteristics, present substantial advantages over their counterparts.
   
• Their effective feasibility in utility-aided electricity networks and large-capacity industrial setups is expected to drive growth in the three-phase electronic recloser market in the forecast period.
   
• The increasing demand for power reliability and high ampacity in industrial processes will contribute positively to the overall business landscape.

The 15 kV electronic recloser industry will register gains at nearly 6.1% up to 2032. Rising demand for dependable and lightweight reclosers, are incorporating sustainable production methods. The continual expansion of residential areas and swift urbanization is expected to have a positive impact on the adoption of 15 kV reclosers. Additionally, the operational versatility of these reclosers, allowing them to function effectively in various environments, will contribute to shaping the industry landscape.
 

• The 27 kV recloser is anticipated to capture a substantial revenue share and has experienced a notable upswing in recent years, primarily driven by the expanding commercial and industrial sectors.
   
• The increasing need for cost-effective and reliable products within both secondary and primary distribution networks is poised to fuel industry growth.
   
• Emphasis on operational safety and compliance with energy efficiency standards is expected to significantly enhance the business landscape.
   
• Ongoing research focused on developing sustainable units, coupled with adherence to stringent manufacturing standards, will further bolster the demand for these products.

Asia Pacific electronic recloser market is estimated to attain 5.4% CAGR between 2024 to 2032., propelled by surging electricity demand and an expanding point of connection. The power sector in the region has experienced remarkable expansion, driven by a growing population and rapid industrialization with countries including China and India being the significant markets, with ongoing efforts to modernize and enhance their existing power capacities and infrastructure, further contributing to the positive trajectory of the industry.
 

• Governments in the region are making substantial investments in infrastructure development, particularly in power transmission and distribution networks. The ongoing expansion and modernization of electrical grids necessitate the incorporation of advanced protection systems like reclosers.
   
• These devices play a crucial role in enhancing the reliability and stability of power infrastructure to meet the increasing demand for electricity. Moreover, power utilities in the region are prioritizing grid reliability and the reduction of power outages.
   
• Reclosers aid in sectionalizing the distribution network and isolating faulty sections, preventing the spread of faults and minimizing the number of affected customers.
   
• The automatic and rapid restoration of power after a fault further contributes to the overall improvement in the grid's reliability.
   

Electronic Recloser Market Share

The primary function of an electronic recloser is to protect the power system by isolating faulty sections of the network while allowing the rest of the system to continue operating. Key industry players are being actively engaged in product innovation & product launch, along with merger & acquisition to remain competitive in the market.
 

Electronic Recloser Market Companies

Major key players in the electronic recloser industry include:

• 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 launched USD 10.5 Billion investment to strengthen America’s electric grid. The investment will accelerate the deployment of transformative projects that will assist the reliability of the power sector’s infrastructure for affordable, reliable, clean electricity.
   
• In December 2022, India Grid Trust (IndiGrid) and G R Infraprojects signed a contract for power transmission projects worth over USD 50 billion for identified TBCB (Tariff Based Competitive Bidding) transmission projects. In addition, the power ministry of India has recently unveiled a plan for investment of USD 2,500 billion in building transmission infrastructure for meeting the vision of 500 GW of renewable energy capacity by 2030 to meet its energy transition goal, which in turn is anticipated to have a positive impact on the market growth.
   

This 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