Market Research Report
Recloser Control Market by Type (Electric and Hydraulic), Phase Type (Three-Phase, Single-Phase, and Triple-Single Phase), Voltage (Up to 15 Kv, 16 kV-27 Kv, and 28 kV-38 Kv), and Region - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||603511|
|Published||Content info||127 Pages
Delivery time: 1-2 business days
|Recloser Control Market by Type (Electric and Hydraulic), Phase Type (Three-Phase, Single-Phase, and Triple-Single Phase), Voltage (Up to 15 Kv, 16 kV-27 Kv, and 28 kV-38 Kv), and Region - Global Forecast to 2022|
|Published: February 6, 2018||Content info: 127 Pages||
The recloser control market is projected to reach from USD 1.12 billion in 2017 to USD 1.52 billion by 2022, growing at a CAGR of 6.22%, from 2017 to 2022. The increasing demand for electric power worldwide and rising investments in smart grids are driving the recloser control market across the world. On the other hand, the high cost of recloser control and lack of investment by governments in grid stability could hinder market growth to a certain extent.
Three-phase reclosers control have been predominantly used in industrial applications due to their large power-carrying capacity and suitability for operations of heavier electrical equipment. They are used in three-phase distribution systems. Asia Pacific, South America, and the Middle East are expected to show high growth rates in the three-phase distribution segment, owing to the increasing demand for three-phase power from industries in India, China, Brazil, Saudi Arabia, and Argentina.
North America is the second largest market for recloser controls followed by Europe and the Middle East. The US Department of Energy is going to implement smart grids across the US, Canada, and Mexico, which will drive the recloser control market in the region. Moreover, replacement of its aging infrastructure to improve grid reliability and enable smarter power networks are also likely to drive the North American market.
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 ≥USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 ≤USD 1 billion.
The leading players in the recloser control market are Eaton (Ireland), Schneider (France), NOJA Power (Australia), Tavrida (Switzerland), ABB (Switzerland), Hubbell (US), Siemens (Germany), and S&C (US).
The report provides a picture of the recloser control market across the power industry and regions. It aims at estimating the market size and future growth potential of the market across different segments such as voltage, phase, type, and region. Furthermore, the report also includes an in-depth competitive analysis of key players in the market along with their company profiles, recent developments, and key market strategies.
For the purpose of this report, the market has been segmented on the basis of voltage, phase, type, and region with a focus on industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the recloser control market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.