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Global Reclosers Market

Global Reclosers Market

Global Reclosers Market

Dublin, Nov. 14, 2022 (GLOBE NEWSWIRE) — The “Reclosers Market by Phase Type (Three Phase, Single Phase and Triple Single Phase), Control Type (Electronic and Hydraulic), Voltage Rating (up to 15 kV, 16- 27 kV and 28-38 kV), insulation medium (oil, air and epoxy) and region – global forecast to 2027” has been added to the report from ResearchAndMarkets.com offer.

The Global Reclosers Market is expected to reach USD 1.3 Billion by 2027, from an estimated USD 1.0 Billion in 2022, growing at a CAGR of 5.4% from 2022 to 2027.

Segment up to 15 kV, by nominal voltage, will be the fastest growing market from 2022 to 2027

The recloser market has been segmented based on voltage rating into three segments, namely up to 15 kV, 16-27 kV and 28-38 kV. The up to 15 kV is a sub-group of voltage rated revolution which is mainly used in all segments by residential applications and in rural distribution lines.

The residential sector has increased overall due to the expansion of the manufacturing sector, which is expected to drive demand for reclosers up to 15 kV. The market for reclosers for the rated voltage segment up to 15 kV is expected to increase due to the increasing expansion of electrical distribution networks and the efforts of distribution utilities to reduce power outages in the residential sector. Investments in renewable energy and the expanding industrial and commercial sector, which includes huge shopping malls, hospitals, and hotels, are expected to drive the market for reclosers up to 15 kV.

Epoxy insulation backing segment, by insulation type, will be the largest market from 2022 to 2027

The Insulation Media segment includes three types: oil, air and epoxy. Epoxy Insulation Medium is expected to grow at the fastest CAGR and occupy the largest market share as it is targeted for use in power lines or distribution substations to maximize long-term reliability and minimize routine maintenance requirements.

Reclosers with epoxy insulation medium have better arc quenching properties and improved reliability and are cost effective and environmentally friendly, with easily recyclable technology. Epoxy Insulation Medium Reclosers are an essential component in a transmission network and are used in substations to control the flow of large amounts of electrical energy with an electrical network. As electrification increases in the country, the transmission network will naturally expand and hence there will be an increase in demand for epoxy insulation medium recloser in new transmission substations.

Asia-Pacific is the largest and fastest growing region in the recloser market

Asia-Pacific is expected to dominate the global recloser market and is expected to grow at the highest CAGR between 2022 and 2027. Electric transmission utilities, electric power generation utilities, power distribution utilities electricity, commercial sectors, as well as railways and subways are among the users of the recloser. Due to lower capital and labor costs, the manufacturing sector in the region is expected to experience continued market growth. With the growing population of Asian countries such as China and India, the demand for power generation is also increasing.

China is focusing on investment in R&D of smart substations and smart power distributions. Thus, increasing investment is expected to boost the recloser market over the forecast period. China is also seeing an increase in investment in the renewable energy sector, including solar, hydrogen, wind and natural gas, for power generation. The demand for reclosers to regulate electricity and provide fault protection will increase significantly, increasing the market in the Asia-Pacific region.

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 premium previews
4.1 Attractive Opportunities for Key Players in Reclosers Market
4.2 Reclosers Market, by Region
4.3 Asia Pacific Reclosers Market, by Control Type and Country, 2021
4.4 Reclosers Market, By Phase Type
4.5 Reclosers Market, By Control Type
4.6 Reclosers Market, By Rated Voltage
4.7 Reclosers Market, By Isolation Medium

5 Market Overview
5.1 Presentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase implementation of distribution automation solutions for power quality and reliability
5.2.1.2 Extension of T&D networks
5.2.1.3 Growing Renewable Energy Generation and Increasing Renewable Energy Investments
5.2.1.4 Upgrades to existing substations and feeder line protection
5.2.2 Constraints
5.2.2.1 Growing competition from the unorganized sector
5.2.2.2 Availability of inexpensive alternatives to reclosers
5.2.3 Opportunities
5.2.3.1 Increase investment in smart grids
5.2.3.2 Implementation of performance-based incentive programs and guaranteed service programs
5.2.4 Challenges
5.2.4.1 High cost of reclosers
5.2.4.2 Lack of government investment in grid stability
5.3 Market map
5.4 Value chain analysis
5.4.1 Raw material suppliers/suppliers
5.4.2 Component manufacturers
5.4.3 Recloser Manufacturers/Assemblers
5.4.4 Distributors
5.4.5 End users
5.4.6 After-sales service providers
5.5 Technology Analysis
5.5.1 Artificial intelligence (Ai) based detection of automatic circuit reclosers
5.5.2 Internet of Things (IoT) connected circuit autoreclosers
5.6 Price Analysis
5.6.1 Average Selling Price of Reclosers, by Rated Voltage
5.7 Key Conferences and Events, 2022-2024
5.8 Tariffs, codes and regulations
5.8.1 Tariffs linked to the recloser market
5.9 Business Analysis
5.10 Patent Analysis
5.11 Porter’s Five Forces Analysis
5.12 Key Players and Purchase Criteria
5.13 Purchase Criteria
5.14 Analysis of case studies

6 Reclosers Market, By Phase Type
6.1 Presentation
6.2 Three-phase
6.2.1 Rising Demand for Three Phase Electricity in Industries to Drive Segment Growth
6.3 Single phase
6.3.1 Wide Use of Single-Phase Reclosers for Household Applications Potential to Drive the Segment
6.4 Three-phase-single-phase
6.4.1 Improved Grid Reliability and Overcurrent Protection Expected to Boost Demand

7 Reclosers Market, By Control Type
7.1 Presentation
7.2 Electronics
7.2.1 Advanced Features of Electronically Controlled Reclosers That Can Supply Demand
7.3 Hydraulics
7.3.1 Widespread Use of Hydraulically Operated Reclosers in Rural Distribution Networks Likely to Drive Segment

8 Reclosers Market, By Rated Voltage
8.1 Presentation
8.2 Up to 15 Kv
8.2.1 Wide use of reclosers up to 15 kilovolts for residential applications expected to drive demand
8.3 16-27Kv
8.3.1 Use of 16-27 Kv Reclosers for Industrial and Commercial Applications Potential to Drive the Market
8.4 28-38Kv
8.4.1 Increased Distribution Substation Upgrade to Propel Market for 28-38 Kv Reclosers

9 Reclosers Market, By Isolation Means
9.1 Presentation
9.2 Oil
9.2.1 Oil Isolation Reclosers Used for Power Distribution and Automation Products
9.3 Air
9.3.1 Air Insulation Medium Reclosers Applied for Power Transmission and Distribution
9.4 Epoxy
9.4.1 Medium Epoxy Insulator Reclosers Help Upgrade Distribution Substations and Increase Reliability

10 Recloser Market, By Region

11 Competitive landscape
11.1 Overview
11.2 Strategies of Key Players
11.3 Top Five Players Market Share Analysis
11.4 Top Five Market Players Revenue Analysis
11.5 Business Rating Quadrant
11.5.1 Stars
11.5.2 Ubiquitous Players
11.5.3 Emerging Leaders
11.5.4 Participants
11.6 Quadrant for assessment of start-ups/SMEs
11.6.1 Progressive Companies
11.6.2 Sensitive businesses
11.6.3 Dynamic companies
11.6.4 Starting Blocks
11.6.5 Competitive Benchmarking
11.7 Reclosers Market: Company Footprint
11.8 Competitive Scenario

12 company profiles
12.1 Key Players
12.1.1 Abb
12.1.2 Eaton Company
12.1.3 Schneider Electric
12.1.4 Siemens
12.1.5 Noja Power
12.1.6 Hubbell
12.1.7 S&C Power Company
12.1.8 Tavrida Electric
12.1.9 Electrical and Electronic Entec
12.1.10 Electric G&W
12.1.11 Group of brushes
12.1.12 Electrolites
12.1.13 Ghorit Electricity
12.1.14 Electric Iljin
12.1.15 Hughes electrical system
12.1.16 Ningbo Tianan Group
12.2 Other Players
12.2.1 Arteche Group
12.2.2 Nikum energy control
12.2.3 Shinsung Industrial Electric
12.2.4 Electric Huayi
12.2.5 Ensto Group
12.3 List of more players as the market is fragmented

13 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/wszba7

Attachment

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