Electronic Recloser Market
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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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Electronic Recloser Market size in 2023: | USD 1.31 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2023 - 2032 CAGR: | 6.2 |
| 2023 Value Projection: | USD 2.28 Billion |
| Historical Data for: | 2019 to 2023 |
| No of Pages: | 470 |
| Tables, Charts & Figures: | 619 |
| Segments Covered: | Phase, Interruption, Voltage Rating, & Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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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.
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.
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.
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 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.
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 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.
Market, By Phase
Market, By Interruption
Market, By Voltage Rating
The above information has been provided for the following countries across the regions:
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Some of the leading electronic recloser companies are ENTEC Electric & Electronic, Schneider Electric, Hughes Power System, ABB, Eaton, ARTECHE, ENSTO, G&W Electric, Hubbell, NOJA Power Switchgear Pty Ltd, Rockwill, S&C Electric Company, Shinsung Industrial Electric, Siemens, and Tavrida Electric.
Asia Pacific electronic recloser industry size is set to expand at over 5.4% CAGR between 2024 and 2032, attributed to the surging electricity demand and an expanding point of connection.
Three phase electronic recloser market is estimated to witness around 6.3% CAGR between 2024 and 2032, owing to their increasing applicability in regions where disconnecting all three phases is necessary to prevent unbalanced loading on the system.
The market size of electronic recloser was reached USD 1.31 billion in 2023 and is poised to expand at over 6.2% CAGR from 2024 to 2032, owing to the increasing demand for electricity coupled with the greater need to upgrade existing electrical infrastructure.