The global recloser control market size was USD 1.52 Bn in 2022 and is likely to reach USD 3.4 Bn by 2031, expanding at a CAGR of 4.9% during 2023–2031. Expansion of distribution networks and transmission is projected to drive the market in the projection period.
A recloser control is a safety electric equipment that helps keep the power on by restarting the system automatically after a disconnection. It is crucial, as it keeps the power on and helps prevent repeated interruption of electricity. It is a device used in upper distribution systems that helps resolve circuit errors and increases service by regenerating power lines after temporary errors. A recloser manually and automatically resets issues while restoring the power supply.
Benefits of the reclosers include remote terminal unit (RTU) for single insertion remote control, include rapid metering, and event log. They are used in malls, offices, and manufacturing outlets and they provide assured safety. It is available in various designs and configurations for specific requirements of the users. They are compact in size and thus, have less maintenance cost as compared to conventional oil-filled reclosers.
The report finds that the COVID-19 pandemic hampered the overall revenue of the global recloser control market due to the sharp decline in product demand across the world. As a part of preventive measures imposed by governments across countries to curb the virus spread and the prolonged shutdown of factories across various industries plummeted the overall supply chain of the market.
Recloser Control Market Dynamics
Major Drivers
Increasing product demand from numerous end-use industries such as oil & gas, utilities, and mining is projected to drive the market in the coming years. Rising adoption of smart grid technology and increasing investments in electrical infrastructure development are expected to drive the recloser control market. Additionally, increasing awareness regarding renewable energy and concerns associated with the environment are anticipated to boost the market in the projection period.
Existing Restraints
High cost of installation of recloser control and lack of awareness regarding the technology are expected to impede the market in the forecast period. Moreover, lack of skilled labor and need for standardization result in difficulty in purchasing the right product. Thus, restraining the market.
Emerging Opportunities
Increasing installation of electronic devices, product launches, and rising research & development investments are projected to create lucrative opportunities in the market. The recloser control market is fragmented, the manufacturers have opportunities to expand their business portfolio by adopting strategies including product approvals by licensed authorities, acquisitions, and partnerships. These strategies are expected to increase the customer base of the manufacturers, which creates the opportunities in the market.
Scope of Recloser Control Market Report
The report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Recloser Control Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Electric Control and Hydraulic Control), Phase (Single Phase, Three Phase, and Triple-single Phase), and Voltage (Up To 15kV, 16-27kV, and 28-38 kV)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Southern Company; Eaton; Siemens; Schweitzer Engineering Laboratories, Inc.; ABB; General Electric; Hubbell; Schneider Electric; G&W Electric; and Tavrida Electric
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Recloser Control Market Segment Insights
Based on type, the recloser control market is bifurcated into electric control and hydraulic control. The electric control segment is expected to expand at a significant pace during the projection period, as they are majorly used by companies in the distribution networks. Electric control reclosers sense the occurrence of any potential issue and automatically cuts off the power supply. Recloser turns on and off within a moment according to the frequency of interruptions. This process takes place within seconds, thus driving the segment in the coming years.
On the basis of phase, the global market is segregated into single phase, three phase, and triple-single phase. The three phase segment is projected to register a considerable CAGR during the forecast period, due to rapid industrialization and growing smart grid infrastructure in developing countries such as India, China, and Brazil. Three phase reclosers are used on three-phase circuits to enhance the reliability of the system, where shutting the three phases is necessary for preventing any fault and single phasing of three-phase loads. This boosting the segment.
In terms of voltage, the market is segmented into up to 15kV, 16-27kV, and 28-38 kV. The 15kV segment is expected to register a robust growth rate during the forecast period, as it is majorly deployed in residential distribution systems. Moreover, increasing distribution utilities and electrical distribution networks to prevent electrical failure in residential usage is boosting the segment in the projection period.
In terms of region, the global recloser control market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the global market during the projection period, due to the increasing installation of distribution networks and remodeling of old distribution systems in the region. Rapid industrialization, urbanization, and increasing need for power distribution increase the demand for electronic energy in the region. Additionally, major investments in smart grids are expected to fuel the market in the region in the forecast period.
Segments
The recloser control market has been segmented on the basis of
Type
- Electric Control
- Hydraulic Control
Phase
- Single Phase
- Three Phase
- Triple-single Phase
Voltage
- Up To 15kV
- 16-27kV
- 28-38 kV
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Southern Company
- Eaton
- Siemens
- Schweitzer Engineering Laboratories, Inc.
- ABB
- General Electric
- Hubbell
- Schneider Electric
- G&W Electric
- Tavrida Electric
Competitive Landscape
Key participants operating in the global recloser control market include Southern Company; Eaton; Siemens; Schweitzer Engineering Laboratories, Inc.; ABB; General Electric; Hubbell; Schneider Electric; G&W Electric; and Tavrida Electric.
These companies adopt strategies such as acquisitions, market expansion, partnerships, collaboration, mergers, R&D investments, and product launches to increase their global presence. For instance,
In July 2019, Southern Company invested around USD 4.1 Bn for extending distribution facilities and transmission to increase the dependability on the electric grid.
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