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Recloser Market Trends

Report ID: GMI3388
Published Date: Dec 2024
Report Format: PDF

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Recloser Market Trends

The rising global population, urbanization, and industrialization have significantly increased the demand for electricity, thereby driving the need for reliable power distribution systems and boosting the demand for reclosers. Another key factor influencing market growth is the increasing integration of smart grid technologies. These systems enable real-time monitoring, control, and automation of power distribution, while reclosers equipped with advanced sensors and communication features 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 reduce downtime. By isolating faults and automatically restoring power, reclosers minimize the duration and impact of outages, thereby improving the overall reliability of the power distribution network. Additionally, the growing emphasis on remote monitoring and control capabilities has become a critical aspect of modern recloser systems.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The global market for recloser was reached USD 2.2 billion in 2024 and is projected to grow at a 5.9% CAGR from 2025 to 2034, driven by the rising demand for electricity and the need to upgrade aging electrical infrastructure.

The three-phase recloser market is expected to surpass USD 2 billion by 2034, as these reclosers are essential for preventing unbalanced loading and ensuring reliable power distribution in high-voltage systems.

The 15 kV recloser market is anticipated to grow at a CAGR of over 5% through 2034, supported by increasing urbanization and the demand for lightweight, reliable, and versatile reclosers.

The U.S. recloser market is set to exceed USD 600 million by 2034, led by rising electricity demand, urbanization, industrial expansion, and the integration of smart grid technologies for enhanced grid stability.

Key players in the recloser market include ABB, Arteche, Eaton, Entec, Ensto, G&W Electric, Hubbell, Hughes Power System, Noja Power, Rockwell, S&C Electric, Schneider Electric, Shinsung, Siemens, and Tavrida Electric.