Recloser Market: Current Analysis and Forecast (2022-2028)

The global Recloser Market is expected to grow at a significant rate of 5.8% during the forecast period. Reclosers, also known as auto reclosers or ACRs (Automatic Circuit Reclosers) have been widely used in transmission and distribution systems. The purpose of reclosers is mainly to increase system reliability by isolating only the faulted part of the power system. Unlike fuses, reclosers can automatically re-energize the line following a trip operation. The automatic reclose operation can be single or multiple shots.

The recloser market is expected to grow at a considerable rate in the forecasted period owing to the rising investment in strengthening the power distribution infrastructure in various economies across the globe. It is mainly the rising demand for electricity coupled with increasing renewable energy capacity addition and soaring investment in industrial production that is accentuating the demand for reclosers. Moreover, the growth of automation in every industry is escalating the demand for recloser systems to automate the process and eliminate manual intervention for restoring power.

ABB Ltd., Eaton, Siemens, G&W, General Electrics, Schnieder, Noja Power, Stelmec, Arteche, Entec Electric, and electronic.

Insights Presented in the Report:

"Amongst phase, single-phase category to hold significant share during the forecast period"

Based on the phase, the recloser market is segmented into single, three, and triple. The single-phase recloser segment caters substantial share of the market. Single-phase reclosers are used to protect single-phase lines such as branches or taps of a three-phase feeder. They can also be used on three-phase circuits where the load is predominantly single-phase. Moreover, Due to the lighter weight of the single-phase recloser compared to larger three-phase reclosers, single-phase reclosers are typically mounted directly to the pole or substation steel structure individually by the built-in mounting hanger bracket which eliminates the need for an additional mounting frame.

"Amongst control, electric segment to hold a significant share in the market in 2020"

Based on control, the recloser market is segmented into electric, hydraulic, and microprocessor base. The electric recloser segment caters considerable share of the market. Increasing acceptance of electric reclosers in the transmission and distribution sector in the power industry is anticipating its market share. In addition, electric reclosers offer high feasibility, reliability, and accuracy in operation. Also, electric reclosers can be easily customized for advanced automation functions which in turn is escalating its market growth.

"Asia Pacific to grow with a substantial CAGR during the forecasted year"

Asia Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the rising population in countries such as China, and India in the region that are driving the demand for electricity. Also, rising industrial and commercial sectors and the increasing investments in smart grid infrastructure in China, India, South Korea, and Australia are rising the market of reclosers.

In addition, China is focusing on investments in the R&D of intelligent substations and intelligent power distributions. Thus, increasing investments are expected to drive the market for reclosers during the forecast period.

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The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

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The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

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