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Hydraulic Recloser Market Trends

  • Report ID: GMI7323
  • Published Date: Nov 2023
  • Report Format: PDF

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.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market valuation of hydraulic recloser was worth USD 764.3 million in 2022 and is projected to record over 6.1% CAGR from 2023 to 2032.

The 27 kV hydraulic recloser industry will observe over 5.9% CAGR from 2023 to 2032, due to rising demand for cost effective and reliable products across the secondary & primary distribution networks.

Asia Pacific market for hydraulic recloser will witness over 5.1% CAGR from 2023 to 2032, due to the surging electricity demand coupled with modernization of electrical grids in the region.

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, and Rockwill.

Hydraulic Recloser Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 619
  • Countries covered: 21
  • Pages: 470
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