PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1258842
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1258842
Recloser Market Forecasts to 2028 - Global Analysis By Phase (Single Phase, Three Phase, Triple Single Phase and Other Phases), Control, Voltage, Interruption and By Geography
According to Stratistics MRC, the Global Recloser Market is accounted for $1.5 billion in 2022 and is expected to reach $2.3 billion by 2028 growing at a CAGR of 7.3% during the forecast period. Reclosers are a type of electrical power device that serves as a circuit's electric switch. They automatically interrupt the circuit when they notice any errors or anomalies in the power supply to prevent short circuits. Reclosers identify the problematic line first, and then they automatically fix the problem as well. They are able to manually or automatically reset the faults and then restore the power supply. To prevent short circuit-related events, they are mostly employed in businesses, manufacturing facilities, malls, and office settings.
According to the World Investment Report, developing economies had poised a growth in foreign direct investment worth USD 671 billion. According to the UN environment association, China accounted for 32% of total global investment in renewable energy, followed by Europe at 21%, the U.S. at 17%, and Asia-Oceania at 15%.
Market Dynamics:
Driver:
Increased automation
Demand for power supply has greatly increased due to the significant increase in urbanisation and industrialisation activities. To fulfil the daily demands, this has put an excessive burden on the facilities that produce and supply electricity. Also, the need for recloser systems to automate the process and eliminate manual intervention for restoring power supply has been driven by the expansion of automated activities. Therefore, this is the major factor propelling the growth of the market.
Restraint:
Availability of Cheap alternatives
Reclosers are now being replaced by less expensive models made by a number of safety system manufacturers. The recloser sector is under pressure from increased competition to deliver better after-sales services. Nonetheless, because they are cost-conscious markets, price is a key consideration when making purchases. Reclosers are vulnerable to competition from less expensive alternatives, which could impede market expansion.
Opportunity:
Increasing investments in smart grids
Electricity transmission from the point of generation to the final consumer is tracked and managed by a smart grid. It maximises system dependability, stability, and resilience while minimising costs and serving as a key facilitator of energy security. Also, numerous government agencies have amended the rules governing performance-based revenue to include a reliability element. Hence, this factor is fuelling the expansion of the market.
Threat:
Lack of adequate financing from governments
Funding renewable energy continues to encounter numerous obstacles, including high capital costs, a lack of suitable government financing, and loan terms that are too short. The installation of reclosers requires line modernisation and modifications, resulting in a substantial capital cost. However, the lack of adequate government financing, especially in developing countries, is expected to hinder the market growth in the coming years.
COVID-19 Impact:
COVID-19 has had a negative influence on the worldwide recloser industry because employees are being requested to work from home and industrial sectors are temporarily shuttered. As a result, a lot of businesses have cut back on their production and supply activities, which has eliminated the demand for recloser. Nonetheless, factors boosting market growth include increased investments in the renewable energy industry, expanding transmission and distribution networks, and smart grid initiatives. A lucrative demand for this market would also be created by technological advancements and other strategic collaborations among the leading players in the sector.
The hydraulic segment is expected to be the largest during the forecast period
The hydraulic segment is estimated to have a lucrative growth, as they are reliable and require low maintenance. The majority of single phase and three phase reclosers use hydraulic reclosers. They are installed within a recloser and have the ability to instantly detect an over current and shut off the circuit. Also, because hydraulic reclosers are quite inexpensive, their demand is growing in the market.
The vacuum segment is expected to have the highest CAGR during the forecast period
The vacuum segment is anticipated to witness the fastest CAGR growth during the forecast period, owing to its advantageous features such as improved reliability, environment-friendly nature, cost-efficiency, easily recyclable technology, and arc quenching property. To provide a dependable solution, the distribution requirements of electrical utilities, combined with easy recyclability and eco-friendly technologies, are likely to drive segment expansion.
Region with Largest share:
Asia Pacific is projected to hold the largest market share during the growing demand for electrical energy due to industrialization and urbanization, distribution network upgrade, and rising need for power reliability. Additionally, growing investments in smart grid infrastructure projects, effective governmental initiatives, existing projects, and the increased need for a consistent and dependable supply of power are all expected to contribute to the region's growth.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the growing residential demand for reclosers. The primary reason having a beneficial effect on the market is the rising demand for electrical energy from diverse sources, including residential settlements and commercial outlets. Recloser devices are in higher demand as a result of further developing industrialization and rising investments in smart grid infrastructure projects.
Key players in the market:
Some of the key players profiled in the Recloser Market include: ABB, OMICRON, Siemens, Solomon Corporation, Schneider Electric, Eaton, Hughes Power System, Ergon Energy, Entec Electric and Electronic, Arteche, Noja Power, General Electrics, Tavrida Electrical Global, G&W Electric Co., Inmarsat, CPS Energy, S&C Electric Company, BRUSH Group, Iljin Electric. and Hubbell.
Key Developments:
In February 2022, Eaton Corporation announced the launch of its new Cooper Power series NOVA NX-T recloser, which features improved reliability, enhanced communication capabilities, and a compact design aiming at improving the efficiency and reliability of power distribution networks. Earlier this spring, Eaton and LG announced the launch of a ground-breaking project, "Residential Virtual Power Plant."
In April 2021, OMICRON hosted a live virtual 6th annual recloser & distribution automation workshop for reclosers and recloser controls & utilities manufacturers. It facilitated the manufacturers to share their experiences regarding testing, distribution automation, and knowledge in reclosers.
Phases Covered:
- Single Phase
- Three Phase
- Triple Single Phase
- Other Phases
Controls Covered:
- Hydraulic
- Electric
- Resettable Electronic
- Programmable Resettable
- Other Controls
Voltages Covered:
- Low Voltage
- Medium Voltage
- High Voltage
- Other Voltages
Interruptions Covered:
- Air
- Vacuum
- Oil
- Other Interruptions
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Emerging Markets
- 3.7 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Recloser Market, By Phase
- 5.1 Introduction
- 5.2 Single Phase
- 5.3 Three Phase
- 5.4 Triple Single Phase
- 5.5 Other Phases
6 Global Recloser Market, By Control
- 6.1 Introduction
- 6.2 Hydraulic
- 6.3 Electric
- 6.4 Resettable Electronic
- 6.5 Programmable Resettable
- 6.6 Other Controls
7 Global Recloser Market, By Voltage
- 7.1 Introduction
- 7.2 Low Voltage
- 7.3 Medium Voltage
- 7.4 High Voltage
- 7.5 Other Voltages
8 Global Recloser Market, By Interruption
- 8.1 Introduction
- 8.2 Air
- 8.3 Vacuum
- 8.4 Oil
- 8.5 Other Interruptions
9 Global Recloser Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 ABB
- 11.2 OMICRON
- 11.3 Siemens
- 11.4 Solomon Corporation
- 11.5 Schneider Electric
- 11.6 Eaton
- 11.7 Hughes Power System
- 11.8 Ergon Energy
- 11.9 Entec Electric and Electronic
- 11.10 Arteche
- 11.11 Noja Power
- 11.10 General Electrics
- 11.11 Tavrida Electrical Global
- 11.14 G&W Electric Co.
- 11.15 Inmarsat
- 11.16 CPS Energy
- 11.17 S&C Electric Company
- 11.18 BRUSH Group
- 11.19 Iljin Electric.
- 11.20 Hubbell
List of Tables
- Table 1 Global Recloser Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Recloser Market Outlook, By Phase (2020-2028) ($MN)
- Table 3 Global Recloser Market Outlook, By Single Phase (2020-2028) ($MN)
- Table 4 Global Recloser Market Outlook, By Three Phase (2020-2028) ($MN)
- Table 5 Global Recloser Market Outlook, By Triple Single Phase (2020-2028) ($MN)
- Table 6 Global Recloser Market Outlook, By Other Phases (2020-2028) ($MN)
- Table 7 Global Recloser Market Outlook, By Control (2020-2028) ($MN)
- Table 8 Global Recloser Market Outlook, By Hydraulic (2020-2028) ($MN)
- Table 9 Global Recloser Market Outlook, By Electric (2020-2028) ($MN)
- Table 10 Global Recloser Market Outlook, By Resettable Electronic (2020-2028) ($MN)
- Table 11 Global Recloser Market Outlook, By Programmable Resettable (2020-2028) ($MN)
- Table 10 Global Recloser Market Outlook, By Other Controls (2020-2028) ($MN)
- Table 13 Global Recloser Market Outlook, By Voltage (2020-2028) ($MN)
- Table 14 Global Recloser Market Outlook, By Low Voltage (2020-2028) ($MN)
- Table 15 Global Recloser Market Outlook, By Medium Voltage (2020-2028) ($MN)
- Table 16 Global Recloser Market Outlook, By High Voltage (2020-2028) ($MN)
- Table 17 Global Recloser Market Outlook, By Other Voltages (2020-2028) ($MN)
- Table 18 Global Recloser Market Outlook, By Interruption (2020-2028) ($MN)
- Table 19 Global Recloser Market Outlook, By Air (2020-2028) ($MN)
- Table 20 Global Recloser Market Outlook, By Vacuum (2020-2028) ($MN)
- Table 21 Global Recloser Market Outlook, By Oil (2020-2028) ($MN)
- Table 22 Global Recloser Market Outlook, By Other Interruptions (2020-2028) ($MN)
- Table 23 North America Recloser Market Outlook, By Country (2020-2028) ($MN)
- Table 24 North America Recloser Market Outlook, By Phase (2020-2028) ($MN)
- Table 25 North America Recloser Market Outlook, By Single Phase (2020-2028) ($MN)
- Table 26 North America Recloser Market Outlook, By Three Phase (2020-2028) ($MN)
- Table 27 North America Recloser Market Outlook, By Triple Single Phase (2020-2028) ($MN)
- Table 28 North America Recloser Market Outlook, By Other Phases (2020-2028) ($MN)
- Table 29 North America Recloser Market Outlook, By Control (2020-2028) ($MN)
- Table 30 North America Recloser Market Outlook, By Hydraulic (2020-2028) ($MN)
- Table 31 North America Recloser Market Outlook, By Electric (2020-2028) ($MN)
- Table 32 North America Recloser Market Outlook, By Resettable Electronic (2020-2028) ($MN)
- Table 33 North America Recloser Market Outlook, By Programmable Resettable (2020-2028) ($MN)
- Table 34 North America Recloser Market Outlook, By Other Controls (2020-2028) ($MN)
- Table 35 North America Recloser Market Outlook, By Voltage (2020-2028) ($MN)
- Table 36 North America Recloser Market Outlook, By Low Voltage (2020-2028) ($MN)
- Table 37 North America Recloser Market Outlook, By Medium Voltage (2020-2028) ($MN)
- Table 38 North America Recloser Market Outlook, By High Voltage (2020-2028) ($MN)
- Table 39 North America Recloser Market Outlook, By Other Voltages (2020-2028) ($MN)
- Table 40 North America Recloser Market Outlook, By Interruption (2020-2028) ($MN)
- Table 41 North America Recloser Market Outlook, By Air (2020-2028) ($MN)
- Table 42 North America Recloser Market Outlook, By Vacuum (2020-2028) ($MN)
- Table 43 North America Recloser Market Outlook, By Oil (2020-2028) ($MN)
- Table 44 North America Recloser Market Outlook, By Other Interruptions (2020-2028) ($MN)
- Table 45 Europe Recloser Market Outlook, By Country (2020-2028) ($MN)
- Table 46 Europe Recloser Market Outlook, By Phase (2020-2028) ($MN)
- Table 47 Europe Recloser Market Outlook, By Single Phase (2020-2028) ($MN)
- Table 48 Europe Recloser Market Outlook, By Three Phase (2020-2028) ($MN)
- Table 49 Europe Recloser Market Outlook, By Triple Single Phase (2020-2028) ($MN)
- Table 50 Europe Recloser Market Outlook, By Other Phases (2020-2028) ($MN)
- Table 51 Europe Recloser Market Outlook, By Control (2020-2028) ($MN)
- Table 52 Europe Recloser Market Outlook, By Hydraulic (2020-2028) ($MN)
- Table 53 Europe Recloser Market Outlook, By Electric (2020-2028) ($MN)
- Table 54 Europe Recloser Market Outlook, By Resettable Electronic (2020-2028) ($MN)
- Table 55 Europe Recloser Market Outlook, By Programmable Resettable (2020-2028) ($MN)
- Table 56 Europe Recloser Market Outlook, By Other Controls (2020-2028) ($MN)
- Table 57 Europe Recloser Market Outlook, By Voltage (2020-2028) ($MN)
- Table 58 Europe Recloser Market Outlook, By Low Voltage (2020-2028) ($MN)
- Table 59 Europe Recloser Market Outlook, By Medium Voltage (2020-2028) ($MN)
- Table 60 Europe Recloser Market Outlook, By High Voltage (2020-2028) ($MN)
- Table 61 Europe Recloser Market Outlook, By Other Voltages (2020-2028) ($MN)
- Table 62 Europe Recloser Market Outlook, By Interruption (2020-2028) ($MN)
- Table 63 Europe Recloser Market Outlook, By Air (2020-2028) ($MN)
- Table 64 Europe Recloser Market Outlook, By Vacuum (2020-2028) ($MN)
- Table 65 Europe Recloser Market Outlook, By Oil (2020-2028) ($MN)
- Table 66 Europe Recloser Market Outlook, By Other Interruptions (2020-2028) ($MN)
- Table 67 Asia Pacific Recloser Market Outlook, By Country (2020-2028) ($MN)
- Table 68 Asia Pacific Recloser Market Outlook, By Phase (2020-2028) ($MN)
- Table 69 Asia Pacific Recloser Market Outlook, By Single Phase (2020-2028) ($MN)
- Table 70 Asia Pacific Recloser Market Outlook, By Three Phase (2020-2028) ($MN)
- Table 71 Asia Pacific Recloser Market Outlook, By Triple Single Phase (2020-2028) ($MN)
- Table 72 Asia Pacific Recloser Market Outlook, By Other Phases (2020-2028) ($MN)
- Table 73 Asia Pacific Recloser Market Outlook, By Control (2020-2028) ($MN)
- Table 74 Asia Pacific Recloser Market Outlook, By Hydraulic (2020-2028) ($MN)
- Table 75 Asia Pacific Recloser Market Outlook, By Electric (2020-2028) ($MN)
- Table 76 Asia Pacific Recloser Market Outlook, By Resettable Electronic (2020-2028) ($MN)
- Table 77 Asia Pacific Recloser Market Outlook, By Programmable Resettable (2020-2028) ($MN)
- Table 78 Asia Pacific Recloser Market Outlook, By Other Controls (2020-2028) ($MN)
- Table 79 Asia Pacific Recloser Market Outlook, By Voltage (2020-2028) ($MN)
- Table 80 Asia Pacific Recloser Market Outlook, By Low Voltage (2020-2028) ($MN)
- Table 81 Asia Pacific Recloser Market Outlook, By Medium Voltage (2020-2028) ($MN)
- Table 82 Asia Pacific Recloser Market Outlook, By High Voltage (2020-2028) ($MN)
- Table 83 Asia Pacific Recloser Market Outlook, By Other Voltages (2020-2028) ($MN)
- Table 84 Asia Pacific Recloser Market Outlook, By Interruption (2020-2028) ($MN)
- Table 85 Asia Pacific Recloser Market Outlook, By Air (2020-2028) ($MN)
- Table 86 Asia Pacific Recloser Market Outlook, By Vacuum (2020-2028) ($MN)
- Table 87 Asia Pacific Recloser Market Outlook, By Oil (2020-2028) ($MN)
- Table 88 Asia Pacific Recloser Market Outlook, By Other Interruptions (2020-2028) ($MN)
- Table 89 South America Recloser Market Outlook, By Country (2020-2028) ($MN)
- Table 90 South America Recloser Market Outlook, By Phase (2020-2028) ($MN)
- Table 91 South America Recloser Market Outlook, By Single Phase (2020-2028) ($MN)
- Table 92 South America Recloser Market Outlook, By Three Phase (2020-2028) ($MN)
- Table 93 South America Recloser Market Outlook, By Triple Single Phase (2020-2028) ($MN)
- Table 94 South America Recloser Market Outlook, By Other Phases (2020-2028) ($MN)
- Table 95 South America Recloser Market Outlook, By Control (2020-2028) ($MN)
- Table 96 South America Recloser Market Outlook, By Hydraulic (2020-2028) ($MN)
- Table 97 South America Recloser Market Outlook, By Electric (2020-2028) ($MN)
- Table 98 South America Recloser Market Outlook, By Resettable Electronic (2020-2028) ($MN)
- Table 99 South America Recloser Market Outlook, By Programmable Resettable (2020-2028) ($MN)
- Table 100 South America Recloser Market Outlook, By Other Controls (2020-2028) ($MN)
- Table 101 South America Recloser Market Outlook, By Voltage (2020-2028) ($MN)
- Table 102 South America Recloser Market Outlook, By Low Voltage (2020-2028) ($MN)
- Table 103 South America Recloser Market Outlook, By Medium Voltage (2020-2028) ($MN)
- Table 104 South America Recloser Market Outlook, By High Voltage (2020-2028) ($MN)
- Table 105 South America Recloser Market Outlook, By Other Voltages (2020-2028) ($MN)
- Table 106 South America Recloser Market Outlook, By Interruption (2020-2028) ($MN)
- Table 107 South America Recloser Market Outlook, By Air (2020-2028) ($MN)
- Table 108 South America Recloser Market Outlook, By Vacuum (2020-2028) ($MN)
- Table 109 South America Recloser Market Outlook, By Oil (2020-2028) ($MN)
- Table 110 South America Recloser Market Outlook, By Other Interruptions (2020-2028) ($MN)
- Table 111 Middle East & Africa Recloser Market Outlook, By Country (2020-2028) ($MN)
- Table 112 Middle East & Africa Recloser Market Outlook, By Phase (2020-2028) ($MN)
- Table 113 Middle East & Africa Recloser Market Outlook, By Single Phase (2020-2028) ($MN)
- Table 114 Middle East & Africa Recloser Market Outlook, By Three Phase (2020-2028) ($MN)
- Table 115 Middle East & Africa Recloser Market Outlook, By Triple Single Phase (2020-2028) ($MN)
- Table 116 Middle East & Africa Recloser Market Outlook, By Other Phases (2020-2028) ($MN)
- Table 117 Middle East & Africa Recloser Market Outlook, By Control (2020-2028) ($MN)
- Table 118 Middle East & Africa Recloser Market Outlook, By Hydraulic (2020-2028) ($MN)
- Table 119 Middle East & Africa Recloser Market Outlook, By Electric (2020-2028) ($MN)
- Table 120 Middle East & Africa Recloser Market Outlook, By Resettable Electronic (2020-2028) ($MN)
- Table 121 Middle East & Africa Recloser Market Outlook, By Programmable Resettable (2020-2028) ($MN)
- Table 122 Middle East & Africa Recloser Market Outlook, By Other Controls (2020-2028) ($MN)
- Table 123 Middle East & Africa Recloser Market Outlook, By Voltage (2020-2028) ($MN)
- Table 124 Middle East & Africa Recloser Market Outlook, By Low Voltage (2020-2028) ($MN)
- Table 125 Middle East & Africa Recloser Market Outlook, By Medium Voltage (2020-2028) ($MN)
- Table 126 Middle East & Africa Recloser Market Outlook, By High Voltage (2020-2028) ($MN)
- Table 127 Middle East & Africa Recloser Market Outlook, By Other Voltages (2020-2028) ($MN)
- Table 128 Middle East & Africa Recloser Market Outlook, By Interruption (2020-2028) ($MN)
- Table 129 Middle East & Africa Recloser Market Outlook, By Air (2020-2028) ($MN)
- Table 130 Middle East & Africa Recloser Market Outlook, By Vacuum (2020-2028) ($MN)
- Table 131 Middle East & Africa Recloser Market Outlook, By Oil (2020-2028) ($MN)
- Table 132 Middle East & Africa Recloser Market Outlook, By Other Interruptions (2020-2028) ($MN)
