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Single Phase Recloser Market - By Technology (Activated carbon, Ultra-filtration & Reverse Osmosis, Membrane Filtration, Ion Exchange Resin Systems, Media Filtration), By Application & Forecast, 2024 – 2032

  • Report ID: GMI10012
  • Published Date: Jun 2024
  • Report Format: PDF

Single Phase Recloser Market Size

Single Phase Recloser Market was valued at USD 973.5 million in 2023 and will grow at rate of 5.9% from 2024 to 2032. Increasing demand for reliable power supply coupled with rising technological advancements complementing the electrical distribution & transmission network will be crucial for industry expansion. The rising need for uninterrupted power supply, especially in residential and rural areas, is driving the demand for single-phase reclosers. These areas often experience temporary faults due to environmental conditions, making automatic reclosers vital.
 

Single Phase Recloser Market

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Advances in smart grid technologies and the integration of Internet of Things (IoT) have led to the development of more sophisticated reclosers. In addition, public & private investments in advancing the grid systems is further anticipated to bolster the industry growth. For instance, in March 2024, Iberdrola has USD 45 billion investment to enhance U.S. power grids, aiming to bolster the country's energy infrastructure over the next three years. This initiative includes plans to upgrade and expand the power grid system in the U.S. These initiatives often include the deployment of advanced reclosers to enhance fault management and recovery processes, thereby augmenting the market growth.
 

Single Phase Recloser Market Trends

Shifting concern towards renewable energy transition along with increasing urbanization and infrastructure development across the globe will complement the business scenario. The growing integration of renewable energy sources like solar and wind into the power grid requires robust protection devices. The product is used for managing the variability and intermittency associated with renewable energy, ensuring stable power distribution. In addition, rapid urbanization and infrastructure development in emerging economies are increasing the demand for reliable electricity distribution systems. Investments in new power distribution infrastructure, including reclosers, are essential to support urban growth.
 

Single Phase Recloser Market Analysis

Single Phase Recloser Market, By Control, 2022 - 2032 (USD Million)
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Based on control, the market is segmented into electronic & hydraulic. Hydraulic control single phase recloser industry is expected to surpass USD 600 million by 2032. Hydraulic control single-phase reclosers are essential devices in power distribution systems, providing automatic reclosing of circuits after temporary faults. These reclosers utilize hydraulic mechanisms to control the reclosure process, ensuring reliability and stability in power distribution, particularly in rural and less densely populated areas.
 

Single Phase Recloser Market Revenue Share, By Voltage Rating, 2023
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Based on volatge rating, the industry is divided into 15 kV, 27 kV, & 38 kV. The 15 kV voltage rating single rating recloser industry is anticipated to grow at a rate of over 5.5% till 2032. Cost efficiency & operational benefits along with regulatory compliance and safety standards will increase the product adoption 15 kV single phase recloser industry.
 

Asia Pacific Single Phase Recloser Market Size, 2022 - 2032 (USD Million)
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Asia Pacific single phase recloser market is anticipated to exceed over USD 605 million by 2032. Rapid urbanization, industrialization, and electrification initiatives in countries like China, India, and Southeast Asian nations are propelling the market growth. The region is witnessing increased investments in power infrastructure development. Rural electrification projects and the expansion of renewable energy capacity are key factors driving the demand for the product across the region.
 

The U.S. market is mature and characterized by significant investments in smart grid infrastructure. The presence of leading technology providers and strong regulatory frameworks support market growth in the country. In addition, continued focus on grid reliability and rural electrification, which supports the demand for control reclosers including hydraulic & electric will witness high adoption owing to increasing initiatives towards the modernization of aging infrastructure also contributes to market growth.
 

Single Phase Recloser Market Share

Single Phase Recloser Market Company Share Analysis, 2023  

ABB, Eaton Corporation, Siemens, Schneider Electric, Hubbel are few of the key market players in the global single phase recloser industry. Enhanced investment and funding from both public and private sectors are driving the development and implementation of advanced recloser technologies. Grants, subsidies, and financial incentives are motivating businesses to adopt these systems.
 

Single Phase Recloser Market Companies

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

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

Single Phase Recloser Industry News

  • In February 2024, The U.S. Department of Energy (DOE) has announced a significant investment of USD 1.2 billion to accelerate the construction of large-scale transmission lines across the country. This funding is aimed at enhancing the nation's electrical grid infrastructure, ensuring a more reliable and resilient power supply. The investment will support projects that are critical for transporting electricity from renewable energy sources, such as wind and solar farms, which in turn will increase the product adoption.
     
  • In January 2024, the government of India announced that the country requires an investment of over USD 55 billion in its transmission infrastructure to enhance the integration of renewable energy by 2027. This substantial funding is essential to support the country's ambitious renewable energy targets and to ensure a reliable, resilient, and efficient power grid which will requiring the deployment of reclosers, thereby augmenting the business landscape.
     

Single Phase Recloser Market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in ‘Units, USD Million’ from 2021 to 2032, for the following segments:

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Market, By Control

  • Electronic
  • Hydraulic

Market, By Interruption

  • Oil
  • Vacuum

Market, By Voltage rating

  • 15 kV
  • 27 kV
  • 38 kV

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
  • Aisa Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
  • Latin America
    • Brazil
    • Chile
    • Argentina

 

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Industry size for single phase recloser was worth USD 973.5 million in 2023 and is projected to expand at 5.9% CAGR from 2024 to 2032, led by the increasing demand for reliable power supply.
The hydraulic control single phase recloser segment is projected to surpass USD 600 million by 2032, as they are essential devices in power distribution systems, providing automatic reclosing of circuits after temporary faults.
The single phase recloser industry share from the 15 kV voltage rating segment is estimated to depict over 5.5% CAGR between 2024 and 2032, due to the cost efficiency & operational benefits offered by 15kV single phase reclosers.
Asia Pacific single phase recloser industry is predicted to account for more than USD 605 million by 2032, owing to the rapid urbanization, industrialization, and electrification initiatives in the region.

Single Phase Recloser Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 12
  • Countries covered: 17
  • Pages: 80
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