The global single-phase recloser market size was valued at nearly USD 3.1 Bn in 2022 and is anticipated to reach USD 4.7 Bn by 2031, expanding at a CAGR of 5.1% during 2023 – 2031. The growth of the market is attributed to a significant increase in the demand for power and advancements in power distribution technology resulting in product innovations and launches.
Single-phase reclosers are devices used for opening and closing electrical circuits automatically in electrical power systems. Single-phase reclosers are used as protection against overloads and short circuits. Electrical distribution systems are protected from faults and service reliability improves as a direct fallout of embedding single-phase reclosers in power transmission circuits.
Single-phase reclosers find applications in power plants, transmission lines, substations, and distribution lines. They are used in manufacturing, oil & gas, and mining. Single-phase reclosers are ideally suited for lateral circuits that experience frequent faults and eliminate permanent outages. Power feeders are saved from momentary interruptions for instances of substation breaker tripping in saving a lateral fuse during a transmission fault.
The market report finds that the COVID-19 pandemic restricted the single-phase recloser market with the forced shutdowns of the infrastructure sector and building construction sites during the pandemic. Lockdown restrictions disrupted the supply chain of raw materials for the manufacturing of single-phase reclosers that hampered the market during the pandemic.
Single-phase Recloser Market Dynamics
Major Drivers
Growing demand for single-phase reclosers for renewable energy technologies and energy storage resources is expected to drive the single-phase recloser market. Rising use of single-phase reclosers in the protection of single-phase power transmission lines such as taps of three-phase feeders or branches, which is estimated to propel the market in the coming years.
Existing Restraints
Presence of alternatives to single-phase reclosers in the form of pressure vacuum breakers (PVBs) are likely to hamper the market. High initial investments for power line upgrades are likely to restrain the market.
Emerging Opportunities
Increasing government initiatives and investments in energy sectors around the world are expected to create lucrative opportunities in the market during the forecast period. Growing investments in the development of smart grids for managing electricity transmission from the source of generation to the end-users are expected to provide expansion opportunities for the market.
Scope of the Single-phase Recloser Market Report
The report on the global single-phase recloser market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Single-phase recloser 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 (Double Hydraulic System and Single Hydraulic System), Voltage Rating (15 kV, 15/25 kV, 25 kV, and 25/34.5 kV), and Application (Transmission & Distribution Lines, Power Substations, Power Plants, and Others)
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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, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Siemens; Hubbell Power Systems; Eaton; GE; OMICRON; Solomon Corporation; Hughes Power System; Inmarsat; S&C Electric Company; ABB; Jin Kwang E&C; G&W Electric; Tavrida Electric; Schneider Electric; NOJA Power; Arteche; BRUSH Group; ENTEC Electric Global Tavrida Electrical Global; and Iljin Electric.
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Single-phase Recloser Market Segment Insights
On the basis of type, the single-phase recloser market is bifurcated into double hydraulic system and single hydraulic system. The single hydraulic system segment is expected to dominate the market during the forecast period, owing to the single pump operation system of hydraulic pumps. Single hydraulic systems are used with limited space components, which are likely to boost the segment during the forecast period.
The double hydraulic system segment is expected to expand exponentially in the coming years due to the application of two hydraulic systems operating the recloser. Double hydraulic systems are used in reliable power resources such as power plants and substations, which in turn, propels the segment.
On the basis of voltage rating, the single-phase recloser market is divided into 15 kV, 15/25 kV, 25 kV, and 25/34.5 kV. The 15 kV segment is projected to hold a key revenue share of the market due to the implementation of single-phase reclosers as high-voltage electric switches. Single-phase reclosers act as circuit breakers to household electric lines shutting off electric power short circuits and abrupt power outages, which is likely to boost the segment during the forecast period.
Based on application, the market is divided into transmission & distribution lines, power substations, power plants, and others. The power plant segment is expected to expand at a significant pace during the projection period, owing to the reduction in downtime of power plants through the automatic restoration of power achieved through the use of a single-phase recloser. Single-phase reclosers ensure the safety of power plants through the detection of faults at the early stages of power transmission, which is expected to boost the segment during the forecast period.
The power substation segment is expected to expand exponentially in the coming years due to the growing applications of single-phase reclosers in protecting the incoming power transmission lines from overload and short circuits. Reduction of power fluctuations and prevention of damages to electric power transmission and distribution equipment is a major advantage of single-phase reclosers, which is likely to propel the segment.
In terms of region, the global single-phase recloser market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period due to the high demand for power in the commercial and residential sectors.
The market in Asia Pacific is projected to grow at a rapid pace in the coming years, owing to rapid infrastructure developments and growing industrialization. The developing power distribution & transmission networks in the region are expected to fuel the market in the region.
Segments
The global single-phase recloser market has been segmented on the basis of
Type
- Double Hydraulic System
- Single Hydraulic System
Voltage Rating
- 15 kV
- 15/25 kV
- 25 kV
- 25/34.5 kV
Application
- Transmission & Distribution Lines
- Power Substations
- Power Plants
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Siemens
- Hubbell Power Systems
- Eaton
- GE
- OMICRON
- Solomon Corporation
- Hughes Power System
- Inmarsat
- S&C Electric Company
- ABB
- Jin Kwang E&C
- G&W Electric
- Tavrida Electric
- Schneider Electric
- NOJA Power
- Arteche
- BRUSH Group
- ENTEC Electric Global Tavrida Electrical Global
- Iljin Electric
Competitive Landscape
Players in the single-phase recloser market include Siemens; Hubbell Power Systems; Eaton; GE; OMICRON; Solomon Corporation; Hughes Power System; Inmarsat; S&C Electric Company; ABB; Jin Kwang E&C; G&W Electric; Tavrida Electric; Schneider Electric; NOJA Power; Arteche; BRUSH Group; ENTEC Electric Global Tavrida Electrical Global; and Iljin Electric. These companies engage in strategies such as acquisitions, collaboration, mergers, partnerships, and product launches to boost their market share.
- In January 2021, ABB, a leader in technology for electrification and automation, completed the delivery of low-voltage digital solutions for the Shanghai Bailonggang Wastewater Treatment Plant project in China to reduce downtime of the establishment.