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Report Scope & Overview:

Recloser Market size was valued at USD 1.1 billion in 2022 and is expected to grow to USD 1.67 billion by 2030 and grow at a CAGR of 5.3% over the forecast period of 2023-2030.

A recloser is a device used in electrical power distribution systems to automatically interrupt and restore power flow. It is designed to detect and isolate faults, such as short circuits or overloads, and then quickly restore power to the unaffected areas of the system. The recloser operates by sensing the current and voltage levels in the system and using this information to determine if a fault has occurred. If a fault is detected, the recloser will interrupt the power flow and isolate the affected area. It will then attempt to restore power to the unaffected areas by automatically closing and opening the circuit breaker several times. Reclosers are an important component of power distribution systems as they help to minimize the impact of faults on the system. They are commonly used in rural areas where power outages can be more frequent due to factors such as weather and wildlife.

Recloser Market Revenue Analysis

The Recloser Market is a rapidly growing industry that provides essential equipment for the distribution of electricity. This market is driven by the increasing demand for reliable and uninterrupted power supply, particularly in developing countries. The rise in renewable energy sources and the need for efficient power distribution systems also contribute to the growth of the Recloser Market. Furthermore, advancements in technology have led to the development of smart reclosers that can communicate with other devices in the power grid, providing real-time data and improving overall system efficiency. As the Recloser Market continues to expand, it presents numerous opportunities for manufacturers, suppliers, and service providers. However, it also poses challenges such as the need for standardization and regulation to ensure safety and reliability.

Market Dynamics

Drivers

  • Increasing demand for reliable power supply

  • Rising adoption of renewable energy sources

  • Growing need for efficient power distribution systems

The increasing demand for effective power distribution systems is the primary driving force behind the recloser market. This can be attributed to the growing need for reliable and uninterrupted power supply, particularly in urban areas where power outages can cause significant disruptions to daily life and business operations. Reclosers play a crucial role in ensuring the smooth functioning of power distribution systems by automatically detecting and isolating faults in the network. This helps to minimize downtime and reduce the need for manual intervention, thereby improving the overall efficiency and reliability of the system. Furthermore, the adoption of smart grid technologies and the integration of renewable energy sources into the power grid have further fueled the demand for reclosers. These advanced systems require sophisticated protection mechanisms to ensure the safe and efficient distribution of power, and reclosers are an essential component in achieving this goal.

Restrain

  • High cost associated with recloser installation and maintenance

Opportunities

  • Increasing demand for smart grid technologies

  • Growing adoption of electric vehicles

Challenges

  • Presence of another substitute for the recloser

Reclosers are devices that automatically restore power to electrical lines after a temporary fault, such as a tree branch falling on a power line. However, with the emergence of alternative substitutes, such as sectionalizers and fuses, the demand for reclosers has decreased. This shift in demand has led to increased competition in the recloser market, as manufacturers must find ways to differentiate their products and demonstrate their value to potential customers. Additionally, the presence of alternative substitutes has also led to pricing pressures, as manufacturers must compete on price to remain competitive.

Impact of Russia-Ukraine War:

The recloser market has been significantly impacted by the ongoing political tensions between Russia and Ukraine. Reclosers are essential components of power distribution systems, and any disruption in their supply chain can have consequences for the energy sector. The conflict between Russia and Ukraine has led to a disruption in the supply of critical raw materials required for the production of reclosers. This has resulted in a shortage of reclosers in the market, leading to increased prices and longer lead times for delivery. Furthermore, the political instability in the region has also affected the demand for reclosers. The uncertainty surrounding the energy sector in Russia and Ukraine has led to a decrease in investment in power distribution infrastructure, resulting in a decline in demand for reclosers.

Impact of Recession:

The recession has had a significant impact on the recloser market. Reclosers are essential components of power distribution systems, and their demand is closely linked to the growth of the electrical industry. However, the economic downturn has caused a decline in the demand for reclosers, resulting in a slowdown in the market. The reduction in construction activities has led to a decrease in the demand for new reclosers. In addition, the financial constraints faced by utilities have resulted in a delay in the replacement of old reclosers. Furthermore, the decline in the demand for electricity has led to a decrease in the demand for reclosers. More details are comprised in the final report.

Market segmentation

By Phase

  • Single Phase

  • Three Phase

  • Others

By Control

  • Hydraulic

  • Electric

  • Others

By Voltage

  • Low Voltage

  • Medium Voltage

  • High Voltage

By Insulation Medium

  • Air

  • Oil

  • Epoxy

Recloser Market Segmentation Analysis

Regional Analysis

The Asia Pacific region has emerged as the leader in the recloser market due to the high investments in upgrading its power infrastructure. This has led to a surge in demand for reclosers, which has been met by a robust supply chain in the region. One of the key factors driving the growth of the recloser market in the Asia Pacific region is the increasing demand for reliable and uninterrupted power supply. With a rapidly growing population and expanding economies, countries in the region are facing a significant increase in power consumption. This has led to a need for more efficient and reliable power distribution systems, which in turn has driven the demand for reclosers. Another factor contributing to the dominance of the Asia Pacific region in the recloser market is the presence of major players in the region. Companies such as ABB, Schneider Electric, and Siemens have a strong presence in the region and have been investing heavily in research and development to improve the efficiency and reliability of their recloser products. Furthermore, the Asia Pacific region has been proactive in adopting new technologies and innovations in the power sector. This has led to the development of smart grid systems, which require advanced recloser technology to ensure efficient and reliable power distribution. These factors drive the growth of the recloser market in the region.

North America is projected to experience the most rapid growth in the recloser market. This is attributed to the increasing demand for reliable power supply and the implementation of smart grid technologies. Reclosers, which are essential components of power distribution systems, are used to automatically restore power after a fault occurs. As the need for an uninterrupted power supply continues to rise, the demand for reclosers is expected to increase significantly. Furthermore, the adoption of smart grid technologies in North America has led to the integration of advanced recloser systems. These systems are equipped with sensors and communication technologies that enable real-time monitoring and control of power distribution networks. This has resulted in improved efficiency, reduced downtime, and enhanced safety.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of the Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 Key Players

The major key players are ABB, Siemens, Hubbell, Schneider Electric, S&C Electric, Eaton Corporation, Tavrida Electric, Hughes Power System, Entec Electric & Electronic, G&W Electric, and other key players mentioned in the final report.

ABB-Company Financial Analysis

Recent Development:

  • In November 2022, Entec released its highly anticipated single/three-phase solid automatic circuit recloser, the EPRIS/EPR-1, EPR-2, and EPR-3. This innovative product is specifically designed for use in overhead lines and substations and is capable of handling voltage classes up to 15.5kV, 27kV, and 38kV, respectively.

  • In March 2022, G&W Electric, a leading global supplier of electric power equipment, launched its Viper®-HV Recloser. This product is the first high-voltage pole top recloser in the market and is capable of providing faster overcurrent protection through fault isolation and automatic restoration for temporary faults on overhead sub-transmission lines. With a maximum voltage capacity of 72.5kV, the Viper®-HV Recloser is a game-changer in the world of electric power equipment.

Recloser Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 1.1 Bn
Market Size by 2030  US$ 1.67 Bn
CAGR   CAGR of 5.3% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Phase (Single Phase, Three Phase, and Others)
• By Control (Hydraulic, Electric, and Others)
• By Voltage (Low Voltage, Medium Voltage, and High Voltage)
• By Insulation Medium (Air, Oil, and Epoxy)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles ABB, Siemens, Hubbell, Schneider Electric, S&C Electric, Eaton Corporation, Tavrida Electric, Hughes Power System, Entec Electric & Electronic, G&W Electric
Key Drivers • Increasing demand for reliable power supply
• Rising adoption of renewable energy sources
Market Opportunities • Increasing demand for smart grid technologies
• Growing adoption of electric vehicles

 

Frequently Asked Questions

Ans: The market size of the Recloser Market is valued at USD 1.1 billion in 2022.

Ans: The expected CAGR of the global Recloser Market during the forecast period is 5.3%.

Ans: The major key players in the Recloser Market are ABB, Siemens, Hubbell, Schneider Electric, S&C Electric, Eaton Corporation, Tavrida Electric, Hughes Power System, Entec Electric & Electronic, and G&W Electric.

Ans: Asia Pacific region contributes major to the Recloser Market.

Ans: Recloser Market is bifurcated into 4 major segments: 1. By Phase 2. By Control 3. By Voltage 4. By Insulation Medium

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Recloser Market Segmentation, By Phase
8.1    Single Phase
8.2 Three Phase
8.3 Others

9. Recloser Market Segmentation, By Control
9.1 Hydraulic
9.2 Electric
9.3 Others

10. Recloser Market Segmentation, By Voltage
10.1 Low Voltage
10.2 Medium Voltage
10.3 High Voltage

11. Recloser Market Segmentation, By Insulation Medium
11.1 Air
11.2 Oil
11.3 Epoxy

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Recloser Market by Country
12.2.2North America Recloser Market by Phase
12.2.3 North America Recloser Market by Control
12.2.4 North America Recloser Market by Voltage
12.2.5 North America Recloser Market by Insulation Medium
12.2.6 USA
12.2.6.1 USA Recloser Market by Phase
12.2.6.2 USA Recloser Market by Control
12.2.6.3 USA Recloser Market by Voltage
12.2.6.4 USA Recloser Market by Insulation Medium
12.2.7 Canada
12.2.7.1 Canada Recloser Market by Phase
12.2.7.2 Canada Recloser Market by Control
12.2.7.3 Canada Recloser Market by Voltage
12.2.7.4 Canada Recloser Market by Insulation Medium
12.2.8 Mexico
12.2.8.1 Mexico Recloser Market by Phase
12.2.8.2 Mexico Recloser Market by Control
12.2.8.3 Mexico Recloser Market by Voltage
12.2.8.4 Mexico Recloser Market by Insulation Medium
12.3 Europe
12.3.1 Europe Recloser Market by Country
12.3.2 Europe Recloser Market by Phase
12.3.3 Europe Recloser Market by Control
12.3.4 Europe Recloser Market by Voltage
12.3.5 Europe Recloser Market by Insulation Medium
12.3.6 Germany
12.3.6.1 Germany Recloser Market by Phase
12.3.6.2 Germany Recloser Market by Control
12.3.6.3 Germany Recloser Market by Voltage
12.3.6.4 Germany Recloser Market by Insulation Medium
12.3.7 UK
12.3.7.1 UK Recloser Market by Phase
12.3.7.2 UK Recloser Market by Control
12.3.7.3 UK Recloser Market by Voltage
12.3.7.4 UK Recloser Market by Insulation Medium
12.3.8 France
12.3.8.1 France Recloser Market by Phase
12.3.8.2 France Recloser Market by Control
12.3.8.3 France Recloser Market by Voltage
12.3.8.4 France Recloser Market by Insulation Medium
12.3.9 Italy
12.3.9.1 Italy Recloser Market by Phase
12.3.9.2 Italy Recloser Market by Control
12.3.9.3 Italy Recloser Market by Voltage
12.3.9.4 Italy Recloser Market by Insulation Medium
12.3.10 Spain
12.3.10.1 Spain Recloser Market by Phase
12.3.10.2 Spain Recloser Market by Control
12.3.10.3 Spain Recloser Market by Voltage
12.3.10.4 Spain Recloser Market by Insulation Medium
12.3.11 The Netherlands
12.3.11.1 Netherlands Recloser Market by Phase
12.3.11.2 Netherlands Recloser Market by Control
12.3.11.3 Netherlands Recloser Market by Voltage
12.3.11.4 Netherlands Recloser Market by Insulation Medium
12.3.12 Rest of Europe
12.3.12.1 Rest of Europe Recloser Market by Phase
12.3.12.2 Rest of Europe Recloser Market by Control
12.3.12.3 Rest of Europe Recloser Market by Voltage
12.3.12.4 Rest of Europe Recloser Market by Insulation Medium
12.4 Asia-Pacific
12.4.1 Asia Pacific Recloser Market by country
12.4.2 Asia Pacific Recloser Market by Phase
12.4.3 Asia Pacific Recloser Market by Control
12.4.4Asia Pacific Recloser Market by Voltage
12.4.5Asia Pacific Recloser Market by Insulation Medium
12.4.6 Japan
12.4.6.1 Japan Recloser Market by Phase
12.4.6.2 Japan Recloser Market by Control
12.4.6.3 Japan Recloser Market by Voltage
12.4.6.4 Japan Recloser Market by Insulation Medium
12.4.7 South Korea
12.4.7.1 South Korea Recloser Market by Phase
12.4.7.2 South Korea Recloser Market by Control
12.4.7.3 South Korea Recloser Market by Voltage
12.4.7.4 South Korea Recloser Market by Insulation Medium
12.4.8 China
12.4.8.1 China Recloser Market by Phase
12.4.8.2 China Recloser Market by Control
12.4.8.3 China Recloser Market by Voltage
12.4.8.4 China Recloser Market by Insulation Medium
12.4.9 India
12.4.9.1 India Recloser Market by Phase
12.4.9.2 India Recloser Market by Control
12.4.9.3 India Recloser Market by Voltage
12.4.9.4 India Recloser Market by Insulation Medium
12.4.11 Australia
12.4.10.1 Australia Recloser Market by Phase
12.4.10.2 Australia Recloser Market by Control
12.4.10.3 Australia Recloser Market by Voltage
12.4.10.4 Australia Recloser Market by Insulation Medium
12.4.11 Rest of Asia-Pacific
12.4.11.1 APAC Recloser Market by Phase
12.4.11.2 APAC Recloser Market by Control
12.4.11.3 APAC Recloser Market by Voltage
12.4.11.4 APAC Recloser Market by Insulation Medium
12.5 The Middle East & Africa
12.5.1 The Middle East & Africa Recloser Market by country
12.5.2 The Middle East & Africa Recloser Market by Phase
12.5.3 The Middle East & Africa Recloser Market by Control
12.5.4The Middle East & Africa Recloser Market by Voltage
12.5.5 The Middle East & Africa Recloser Market by Insulation Medium
12.5.6 Israel
12.5.6.1 Israel Recloser Market by Phase
12.5.6.2 Israel Recloser Market by Control
12.5.6.3 Israel Recloser Market by Voltage
12.5.6.4 Israel Recloser Market by Insulation Medium
12.5.7 UAE
12.5.7.1 UAE Recloser Market by Phase
12.5.7.2 UAE Recloser Market by Control
12.5.7.3 UAE Recloser Market by Voltage
12.5.7.4 UAE Recloser Market by Insulation Medium
12.5.8South Africa
12.5.8.1 South Africa Recloser Market by Phase
12.5.8.2 South Africa Recloser Market by Control
12.5.8.3 South Africa Recloser Market by Voltage
12.5.8.4 South Africa Recloser Market by Insulation Medium
12.5.9 Rest of Middle East & Africa
12.5.9.1 Rest of Middle East & Asia Recloser Market by Phase
12.5.9.2 Rest of Middle East & Asia Recloser Market by Control
12.5.9.3 Rest of Middle East & Asia Recloser Market by Voltage
12.5.9.4 Rest of Middle East & Asia Recloser Market by Insulation Medium
12.6 Latin America
12.6.1 Latin America Recloser Market by Country
12.6.2 Latin America Recloser Market by Phase
12.6.3 Latin America Recloser Market by Control
12.6.4 Latin America Recloser Market by Voltage
12.6.5 Latin America Recloser Market by Insulation Medium
12.6.6 Brazil
12.6.6.1 Brazil Recloser Market by Phase
12.6.6.2 Brazil Africa Recloser Market by Control
12.6.6.3 Brazil Recloser Market by Voltage
12.6.6.4 Brazil Recloser Market by Insulation Medium
12.6.7 Argentina
12.6.7.1 Argentina Recloser Market by Phase
12.6.7.2 Argentina Recloser Market by Control
12.6.7.3 Argentina Recloser Market by Voltage
12.6.7.4 Argentina Recloser Market by Insulation Medium
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Recloser Market by Phase
12.6.8.2 Rest of Latin America Recloser Market by Control
12.6.8.3 Rest of Latin America Recloser Market by Voltage
12.6.8.4 Rest of Latin America Recloser Market by Insulation Medium

13 Company Profile
13.1 ABB
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Siemens
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Hubbell
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Schneider Electric
13.4.1 Market Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 S&C Electric
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Eaton Corporation
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Tavrida Electric
13.7.1 Market Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Hughes Power System
13.8.1 Market Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Entec Electric & Electronic
13.9.1 Market Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 G&W Electric
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View

14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments

15. USE Cases and Best Practices

16. Conclusion

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