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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.
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.