Recloser Control Market Size, Share & Growth | Forecast 2031
Recloser Control Market Size, Share & Growth | Forecast 2031
Segments - Recloser Control Market by Type (Electric Control and Hydraulic Control), Phase (Single Phase, Three Phase, and Triple-single Phase), Voltage (Up To 15kV, 16-27kV, and 28-38 kV), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Upcoming
| Report ID :EP-5193
| 4.5 Rating
| 79 Reviews
| 199 Pages
| Format :
Report Description
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.
|
Attributes |
Details |
|
Report Title |
Recloser Control Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016–2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
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) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Southern Company; Eaton; Siemens; Schweitzer Engineering Laboratories, Inc.; ABB; General Electric; Hubbell; Schneider Electric; G&W Electric; and Tavrida Electric |
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.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Recloser Control Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Recloser Control Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Recloser Control Market - Supply Chain
4.5. Global Recloser Control Market Forecast
4.5.1. Recloser Control Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Recloser Control Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Recloser Control Market Absolute $ Opportunity
5. Global Recloser Control Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Recloser Control Market Size and Volume Forecast by Types
5.3.1. Electric Control
5.3.2. Hydraulic Control
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Recloser Control Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Recloser Control Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Recloser Control Demand Share Forecast, 2019-2026
7. North America Recloser Control Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Recloser Control Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Recloser Control Market Size and Volume Forecast by Types
7.4.1. Electric Control
7.4.2. Hydraulic Control
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Recloser Control Demand Share Forecast, 2019-2026
8. Latin America Recloser Control Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Recloser Control Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Recloser Control Market Size and Volume Forecast by Types
8.4.1. Electric Control
8.4.2. Hydraulic Control
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Recloser Control Demand Share Forecast, 2019-2026
9. Europe Recloser Control Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Recloser Control Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Recloser Control Market Size and Volume Forecast by Types
9.4.1. Electric Control
9.4.2. Hydraulic Control
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Recloser Control Demand Share Forecast, 2019-2026
10. Asia Pacific Recloser Control Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Recloser Control Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Recloser Control Market Size and Volume Forecast by Types
10.4.1. Electric Control
10.4.2. Hydraulic Control
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Recloser Control Demand Share Forecast, 2019-2026
11. Middle East & Africa Recloser Control Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Recloser Control Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Recloser Control Market Size and Volume Forecast by Types
11.4.1. Electric Control
11.4.2. Hydraulic Control
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Recloser Control Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Recloser Control Market: Market Share Analysis
12.2. Recloser Control Distributors and Customers
12.3. Recloser Control Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Southern Company
12.4.2. Eaton
12.4.3. Siemens
12.4.4. Schweitzer Engineering Laboratories, Inc.
12.4.5. ABB
12.4.6. General Electric
12.4.7. Hubbell
12.4.8. Schneider Electric
12.4.9. G&W Electric
12.4.10. Tavrida Electric
Methodology
Related Reports
Some other reports from this category!
Our Clients
