The global recloser market (including the sectionalizer market) is estimated to reach a size of USD 2.14 Billion in 2017 and is further projected to reach USD 2.71 Billion by 2022, growing at a CAGR of 4.88% from 2017 to 2022.
Expansion of distribution network, increase in use of automated distribution techniques, and rise in the use of power protection equipment to increase reliability and reduce service outages are the main factors driving the recloser market globally.
The recloser report segments the market on the basis of control type into electric and hydraulic. The electric recloser segment is estimated to hold a major market share. These reclosers are extensively used by utilities in their distribution networks. North America and Europe currently have markets for grid modernization and replacement of old installations. Along with capacity enhancement trending worldwide, investments in distribution automation is expected to drive the market.
The major factor restraining the growth of the recloser market is the increasing competition from the unorganized sector and high cost of electric reclosers. The recloser industry is very fragmented and offers opportunities for consolidation. This can be seen by the several major M&A activities taking place in the industry, as well as subsidiary formation by big players. There are very few industry leaders disconcerted over the optimal growth strategy for this market. In this industry, most players are global multinational companies.
Some of the leading players in the recloser market include Eaton (Ireland), Schneider (France), Siemens (Germany), Tavrida (Switzerland), and NOJA Power (Australia). These players have adopted growth strategies such as new product launches, contracts & agreements, and expansions to capture a larger share in the recloser market.
- Increasing Distribution Automation for Power Quality And Reliability
- Expansion of T&D Networks
- Growth in Renewable Power Generation
- Upgradation of Existing Substations And Feeder Line Protection
- Increasing Competition from the Unorganized Sector
- Availability of Cheap Alternatives of Reclosers And Sectionalizers
- Lack of Investment By Governments in Grid Stability
- Increasing Investments in Smart Grid Vision
- Implementation of Performance-Based Incentive Schemes And Guaranteed Service Programs
- High Cost of Reclosers And Sectionalizers
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Recloser Market, By Phase Type
7 Recloser Market, By Control Type
8 Recloser Market, By Voltage Rating
9 Sectionalizer Market, By Phase
10 Sectionalizer Market, By Control Type
11 Sectionalizer Market, By Voltage Rating
12 Reclosers And Sectionalizers Market, By Region
13 Competitive Landscape
14 Company Profiles
- Noja Power
- Schneider Electric
- Tavrida Electric
For more information about this report visit https://www.researchandmarkets.com/research/lxfzm2/recloser_market?w=5
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