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Recloser Market Analysis

  • Report ID: GMI3388
  • Published Date: May 2023
  • Report Format: PDF

Recloser Phase Market Analysis

Enhanced applicability of three?phase reclosers in areas where it is necessary to disconnect all three phases to prevent unbalanced loading on the system will fuel the recloser market statistics by 2032. These reclosers are designed to protect lines, automatically isolate faults and restore the service if the fault has been cleared. They are preferred for use during multi-phase faults and are applicable in all fields of electrical power system especially high voltage power lines and substations up to 38,000 volts.
 

The three phase units are capable of handling high power capacity at light weight and have better operational characteristics, thereby offering considerable resistance to their counterparts. Effective feasibility across utility-aided electricity networks and large-capacity industrial establishments will spur the three-phase recloser industry demand. However, the growing demand for power reliability and high ampacity in the industrial processes will influence the business scenario.
 

Recloser Market Revenue Share, By Voltage Rating, 2022

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 bolster the deployment of 15 kV reclosers. Furthermore, the operational suitability of these reclosers to operate in diverse environments will drive the recloser market landscape.
 

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 accelerate 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 and stringent manufacturing standards will further complement the product demand.
 

Asia Pacific Recloser Market,

Surging electricity demand coupled with growing point of connection will augment the Asia Pacific recloser market. 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.
 

The regional governments 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. Hence, power utilities in the region are placing greater emphasis on grid reliability and minimizing power outages.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of recloser crossed USD 2.1 billion in 2023 and is set to grow at 6.1% CAGR during 2024 to 2032 attributed to the high electricity demand and the ongoing refurbishment of the prevailing electrical setup.

The 15 kV reclosers segment is projected to amass significant revenue by 2032 owing to the ongoing expansion of residential areas, along with rapid urbanization.

The APAC industry is set to witness steady growth between 2023 and 2032 driven by the increasing demand for electricity, coupled with growing points of connection.

The prominent recloser business firms such as 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 Rockwell.

Recloser Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 788
  • Countries covered: 41
  • Pages: 580
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