Recloser Market Size

Recloser Market Size

The global recloser market was valued at USD 2.2 billion in 2024 and is estimated to grow at a CAGR of 5.9% from 2025 to 2034. The growing global demand for electricity, combined with the increasing need to upgrade existing electrical infrastructure, has significantly driven the demand for reclosers worldwide. Since 1980, global electricity consumption has surged by over 80%. Despite various regulatory reforms, the imbalance between electricity supply and demand persists. Consequently, component manufacturers are making substantial investments to develop advanced products that ensure efficient and reliable power distribution, addressing the evolving needs of the energy sector.

The increasing demand for restoring aging electrical networks along with the focus on upgrading infrastructure in developed countries has created a favorable business environment for the recloser market. Additionally, the rising need to address electrical faults which are primarily transient or permanent is driving market growth. Transient faults caused by lightning, birds, rodents, or windblown tree branches and wires, contribute significantly to the demand for reclosers, as these devices are essential for quickly restoring power and maintaining system reliability.