Hydraulic Recloser Market Size - By Phase (Single phase, Three phase), By Interruption (Oil, Vacuum), By Voltage Rating (15 kV, 27 kV, 38 kV) & Forecast, 2023 – 2032

Hydraulic Recloser Market Size

Hydraulic Recloser Market was valued at USD 764.3 million in 2022 and is estimated to register at a CAGR of over 6.1% from 2023 to 2032. The increasing electricity demand, combined with the growing necessity to upgrade existing electrical infrastructure, has led to a heightened demand for reclosers worldwide. The global demand for electricity has seen a substantial increase of more than 80% since 1980. Despite the introduction of numerous regulatory reforms, a mismatch between supply and demand persists. Consequently, component manufacturers are making aggressive investments to create products that can fulfil the needs of efficient power distribution.
 

The increasing need to refurbish existing electrical networks, along with a focus on enhancing infrastructure in developed nations, has created a conducive business environment. Furthermore, there is a growing demand to rectify electrical faults in distribution systems, particularly addressing transient and permanent faults. Transient faults often result from factors like lightning, wildlife interference (birds or rodents), wind-blown tree branches, or wire issues. This demand is expected to drive the market growth.

The integration of advanced, efficient, and secure power distribution technology has created a sustainable foundation for the hydraulic recloser market. Consumer preferences for deploying energy-efficient components to safeguard the environment and extend the lifespan of electrical infrastructure have further strengthened the industry's position. Moreover, the evolving electrical landscape due to the fourth industrial revolution has introduced greater complexity, leading to a transformative shift in electrical transmission and distribution systems.
 

COVID-19 Impact

The COVID- 19 outbreak has impacted the overall recloser market and various countries faced economic challenges during the pandemic, leading to reduced investment in infrastructure projects, including electrical distribution systems. This slowdown in infrastructure spending impacted the demand for reclosers as new projects were delayed or postponed. As utilities faced financial constraints and reduced resources, the emphasis shifted towards maintenance and reliability of existing electrical infrastructure. Utilities prioritized essential maintenance activities over new installations or upgrades, impacting the demand for reclosers.

Hydraulic Recloser Market Trends

The increasing global population, urbanization, and industrialization have resulted in a heightened demand for electricity. This has created a necessity for reliable power distribution systems, consequently driving the demand for reclosers. In addition, the growing integration of smart grid technologies is another significant factor expected to influence the industry landscape. Smart grid technologies enable real-time monitoring, control, and automation of power distribution systems. Reclosers equipped with advanced sensors and communication capabilities can provide valuable data for grid optimization and fault management. Power utilities and grid operators are increasingly investing in reclosers to enhance grid reliability and minimize downtime.
 

Reclosers play a crucial role in isolating faults and automatically restoring power, reducing the duration and extent of outages. This, in turn, enhances the overall reliability of the power distribution network. In addition, there is a growing emphasis on the incorporation of remote monitoring and control capabilities as essential features in recloser systems, further propelling market growth. Grid operators can remotely monitor the performance of reclosers, receive real-time fault alerts, and make informed decisions regarding maintenance and repair. This trend enables proactive fault management and reduces response time during outages.
 

Hydraulic Recloser Market Analysis

Based on phase, the single phase hydraulic recloser will grow at a rate of over 5.9% through 2032. The expanding use of three-phase reclosers in situations where it's essential to disconnect all three phases to prevent unbalanced loading on the system is expected to drive the industry growth. These reclosers are specifically designed to safeguard power lines, automatically isolate faults, and restore service if the fault has been cleared.
 

• They are the preferred choice for managing multi-phase faults and find applications across various segments of electrical power systems, particularly in high voltage power lines and substations up to 38,000 volts.
   
• Three-phase reclosers offer the advantage of handling high power capacity while being lightweight and possessing superior operational characteristics compared to their counterparts.
   
• Their effectiveness in utility-driven electrical networks and large-capacity industrial facilities will stimulate the market for three-phase reclosers in the projected timeline.
   
• The increasing demand for power reliability and high ampacity in industrial processes will have a positive impact on the hydraulic recloser market landscape.
  
   

Based on rating, the 27 kV hydraulic recloser industry will observe gains at nearly 5.9% up to 2032. The 27 kV recloser is expected to hold considerable revenue share and have witnessed a significant turnaround in the recent years due to the enlarging commercial & industrial sector. The rising demand for cost effective and reliable products across the secondary & primary distribution networks will stimulate the industry growth.
 

• Operational safety and energy efficiency compliance are projected to considerably escalate the business landscape.
   
• The ongoing research pertaining to the development of sustainable units along with stringent manufacturing standards will further complement the product demand.
   
• Increasing demand for reliable and lightweight reclosers has compelled manufacturers to integrate a sustainable production mechanism.
   
• The ongoing expansion of residential areas along with rapid urbanization will positively influence the deployment of 15 kV reclosers. Furthermore, the operational suitability of these reclosers to operate in diverse environments will drive the industry landscape.
   

Asia Pacific hydraulic recloser market is predicted to showcase about over 5.1% CAGR through 2032. Surging electricity demand coupled with growing point of connection will augment the market share. Over the past decade, the power sector in the region witnessed a remarkable growth owing to increased population and rapid industrialization. Countries including China and India are considered as potential markets as they continue to modernize and expand their existing power capacities and infrastructure.
 

• Governments across the region are investing heavily in infrastructure development, including power transmission and distribution networks. The expansion and modernization of electrical grids require advanced protection systems like reclosers.
   
• These devices enhance the reliability and stability of the power infrastructure, meeting the growing demand for electricity. In addition, power utilities in the region are placing greater emphasis on grid reliability and minimizing power outages.
   
• Reclosers help in sectionalizing the distribution network and isolating faulty sections, preventing the propagation of faults and reducing the number of affected customers. The ability to restore power automatically and rapidly after a fault improves the overall reliability of the grid.
   

Hydraulic Recloser Market Share

Hydraulic reclosers are important devices used in power distribution networks to protect and automatically restore power in the event of a fault. Key industry players are being actively engaged in product innovation & product launch, along with merger & acquisition to remain competitive in the market.
 

Some of the key market players operating across the hydraulic recloser industry are:

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

Hydraulic Recloser Market 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 hydraulic recloser market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume & revenue in ‘Units & USD Million from 2019 to 2032, for the following segments:

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By Phase

• Single phase
• Three phase

By Interruption

• Oil
• Vacuum

By Voltage Rating

• 15 kV
• 27 kV
• 38 kV

The above information is provided for the following regions and countries:

• 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
  • South Africa 
• Latin America
  • Brazil
  • Argentina
  • Chile