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Recloser Market

Recloser Market Size, Share & Trends Analysis Report By Phase Type (Three Phase, Single Phase, and Triple-single Phase), Control Type (Electronic and Hydraulic), Voltage Grade (Up to 15 kV, 16-27 kV, and 28-38 kV), Insulation Medium (Oil, Air, and Epoxy), By Region, And Segment Forecasts, 2023-2031

Report ID : 1774 | Published : 2023-05-04 | Pages: 180 | Format: PDF/EXCEL

The Global Recloser Market Size is valued at 1.10 billion in 2022 and is predicted to reach 1.73 billion by the year 2031 at a 5.3% CAGR during the forecast period for 2023-2031.

Reclosers are electrical devices used in an electric distribution network to prevent long-term outages by reducing transient faults prior to operation or fuses. It is a high-voltage automatic electric switch that shuts down when there is a power loss. It works by sensing a problem and then turning off the power; if the issue is fixed, the recloser returns, but if not, the permanent shutdown happens. It is intended to detect transient faults and interruptions in electricity distribution networks in order to save money and reduce the inconvenience caused by frequent power outages.

Recloser Market

Growing urbanization and technical advancement, which allow for more industrialization and commercialization in the country, are significant drivers driving energy consumption. Industry development is critical to economic growth, including the competition scenario, consumer spending capabilities, mergers and acquisitions, partnership and collaboration, investments, and expansion of new projects. Increasing power demand allows utilities to develop additional transmission and distribution networks, resulting in the need for more reclosers in the power industry.

However, COVID-19 negatively influenced the worldwide recloser industry since employees were requested to work from home, and production sectors were temporarily shut down. As a result, several companies have reduced their manufacturing and supply activities, eliminating the need for a recloser. 

Competitive Landscape:

Some of the Recloser Market players are:

  • ABB
  • Eaton Corporation
  • Schneider Electric
  • Siemens
  • Noja Power
  • Hubbell
  • S&C Electric Company
  • Tavrida Electric
  • Entec Electric & Electronic
  • G&W Electric
  • Brush Group
  • Electrolytes
  • Ghorit Electricals
  • Iljin Electric
  • Hughes Power System
  • Ningbo Tianan Group.

Market Segmentation:

The Recloser Market is segmented on the basis of phase type, control type, voltage grade, and insulation medium. Based on phase type, the market is segmented into three phases, single phase and triple-single phase. The control type segment includes electronic and hydraulic. By Voltage Grade, the market is segmented into up to 15KV, 16-27 KV, and 28-38 KV. The medium insulation segment includes oil, air, and epoxy.

Based On Control Type, The Electronic Segment Is Accounted As A Major Contributor In The Recloser Market

The electronic category is expected to hold a major share of the global Recloser Market in 2022. The increased demand for the electric section is due to its operational characteristics, such as higher feasibility, dependability, and accuracy in operation. It is easily customizable and includes comprehensive security, metering, and automation features. Microprocessor-based and electronic control reclosers are also included in this sector. It has extensive operational features such as analytic tools, which include fault location, event recording, and oscillography functions.

The Oil Segment Witnessed Growth At A Rapid Rate

The Oil segment is projected to grow at a rapid rate in the global Recloser Market owing to its favorable features. Some of the benefits include improved arc quenching properties, increased reliability, cost-effectiveness, environmental friendliness, and easily recyclable technology. Oil-interrupting reclosers are used in power stations and feeders that must be serviced on a regular basis. Reduced customization capabilities, oil properties that alter with temperature, and non-programmable features may restrict demand for the oil recloser market throughout the projection period.

In The Region, Asia Pacific Recloser Market Holds A Significant Revenue Share

Asia Pacific Recloser Market is expected to register an increased market share in terms of revenue soon. The rising pace of industrialization, transmission and distribution network growth, and renewable power generation are the primary factors projected to drive Asia Pacific recloser market trends. According to the Renewables 2018 report, global investment in renewable energy was USD 279.8 billion, representing a 2% increase over 2016.

The significant potential for producing power and replacing aging power infrastructure for grid-strengthening projects in North America may increase the region's market. European countries have made significant contributions to industrialization, which has contributed to the region's economic prosperity. The primary countries involved in expanding sustainable industrialization in Europe are the United Kingdom, Germany, Norway, Italy, and Russia.

Recloser Market Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 1.1 Bn

Revenue forecast in 2031

USD 1.7 Bn

Growth rate CAGR

CAGR of 5.3 % from 2023 to 2031

Quantitative units

Representation of revenue in US$ Billion, Volume (Unit) and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Phase Type, Control Type, Voltage Grade, And Insulation Medium

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

ABB, Eaton Corporation, Schneider Electric, Siemens, Noja Power, Hubbell, S&C Electric Company, Tavrida Electric, Entec Electric & Electronic, G&W Electric, Brush Group, Elektrolites, Ghorit Electricals, Iljin Electric, Hughes Power System, and Ningbo Tianan Group.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Recloser Market Snapshot

Chapter 4. Global Recloser Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Phase Type Estimates & Trend Analysis
5.1. by Phase Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (Unit)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Phase Type:

5.2.1. Three Phase
5.2.2. Single Phase
5.2.3. Triple-Single Phase

Chapter 6. Market Segmentation 2: by Control Type Estimates & Trend Analysis
6.1. by Control Type & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (Unit)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Control Type:

6.2.1. Electronic
6.2.2. Hydraulic

Chapter 7. Market Segmentation 3: by Voltage Grade Estimates & Trend Analysis
7.1. by Voltage Grade & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn) & Volume (Unit)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Voltage Grade:

7.2.1. Up To 15KV
7.2.2. 16-27 KV
7.2.3. 28-38 KV

Chapter 8. Market Segmentation 4: by Insulation Medium Estimates & Trend Analysis
8.1. by Insulation Medium & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn) & Volume (Unit)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Insulation Medium:

8.2.1. Oil
8.2.2. Air
8.2.3. Epoxy

Chapter 9. Recloser Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Phase Type, 2023-2031
9.1.2. North America Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Control Type, 2023-2031
9.1.3. North America Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Voltage Grade, 2023-2031
9.1.4. North America Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Insulation Medium, 2023-2031
9.1.5. North America Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by country, 2023-2031

9.2. Europe

9.2.1. Europe Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Phase Type, 2023-2031
9.2.2. Europe Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Control Type, 2023-2031
9.2.3. Europe Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Voltage Grade, 2023-2031
9.2.4. Europe Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Insulation Medium, 2023-2031
9.2.5. Europe Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by country, 2023-2031

9.3. Asia Pacific

9.3.1. Asia Pacific Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Phase Type, 2023-2031
9.3.2. Asia Pacific Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Control Type, 2023-2031
9.3.3. Asia-Pacific Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Voltage Grade, 2023-2031
9.3.4. Asia-Pacific Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Insulation Medium, 2023-2031
9.3.5. Asia Pacific Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by country, 2023-2031

9.4. Latin America

9.4.1. Latin America Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Phase Type, 2023-2031
9.4.2. Latin America Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Control Type, 2023-2031
9.4.3. Latin America Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Voltage Grade, 2023-2031
9.4.4. Latin America Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Insulation Medium, 2023-2031
9.4.5. Latin America Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by country, 2023-2031

9.5. Middle East & Africa

9.5.1. Middle East & Africa Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Phase Type, 2023-2031
9.5.2. Middle East & Africa Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Control Type, 2023-2031
9.5.3. Middle East & Africa Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Voltage Grade, 2023-2031
9.5.4. Middle East & Africa Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by Insulation Medium, 2023-2031
9.5.5. Middle East & Africa Recloser Market Revenue (US$ Million) & Volume (Unit) Estimates and Forecasts by country, 2023-2031

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles


10.2.1. ABB
10.2.2. Eaton Corporation
10.2.3. Schneider Electric
10.2.4. Siemens
10.2.5. Noja Power
10.2.6. Hubbell
10.2.7. S&C Electric Company
10.2.8. Tavrida Electric
10.2.9. Entec Electric & Electronic
10.2.10. G&W Electric
10.2.11. Brush Group
10.2.12. Electrolytes
10.2.13. Ghorit Electricals
10.2.14. Iljin Electric
10.2.15. Hughes Power System
10.2.16. Ningbo Tianan Group
10.2.17. Other Prominent Players

Segmentation of Recloser Market-

Recloser Market By Phase Type-

  • Three Phase
  • Single Phase
  • Triple-Single Phase

Recloser Market

Recloser Market By Control Type-

  • Electronic
  • Hydraulic

Recloser Market By Voltage Grade-

  • Up To 15KV
  • 16-27 KV
  • 28-38 KV

Recloser Market By Insulation Medium-

  • Oil
  • Air
  • Epoxy

Recloser Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Recloser Market?

Recloser Market expected to grow at a 5.3% CAGR during the forecast period for 2023-2031

ABB, Eaton Corporation, Schneider Electric, Siemens, Noja Power, Hubbell, S&C Electric Company, Tavrida Electric, Entec Electric & Electronic, G&W Ele

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