According to a new report published by UnivDatos Markets Insights, the Recloser Market was valued at USD 1 billion in 2020 and is expected to grow at a CAGR of 5.8% from 2022-2028. The analysis has been segmented Phase (Single Three, Triple); Control (Electric, Hydraulic, Micro-Processor Base); Voltage (High, Medium, and Low); Insulation (Oil, Air, and Epoxy); Region/Country.

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The Recloser market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Recloser market. The Recloser market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Recloser market at the global and regional levels.

Market Overview

Reclosers, also known as auto reclosers or ACRs (Automatic Circuit Reclosers) have been widely used in transmission and distribution systems. The purpose of reclosers is mainly to increase system reliability by isolating only the faulted part of the power system. Unlike fuses, reclosers can automatically re-energize the line following a trip operation. The automatic reclose operation can be single or multiple shots.

The recloser market is expected to grow at a considerable rate in the forecasted period owing to the rising investment in strengthening the power distribution infrastructure in various economies across the globe. It is mainly the rising demand for electricity coupled with increasing renewable energy capacity addition and soaring investment in industrial production that is accentuating the demand for reclosers. Moreover, the growth of automation in every industry is escalating the demand for recloser systems to automate the process and eliminate manual intervention for restoring power.

ABB Ltd., Eaton, Siemens, GW, General Electrics, Schnieder, Noja Power, Stelmec, Arteche, Entec Electric, and electronic.

COVID-19 Impact

During Coronavirus Pandemic in 2020, the Recloser market was also impacted. It is mainly owing to the shutdown of the manufacturing industry and restriction by the government to maintain social distancing that has halted the deployment of new reclosers for any industrial projects which severely impacted the market growth of the Recloser market.

The global Recloser market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·        Based on control, the recloser market is bifurcated into electric, hydraulic, and microprocessor base. The electric recloser segment caters considerable share of the market. Increasing acceptance of electric reclosers in the transmission and distribution sector in the power industry is anticipating its market share. In addition, electric reclosers offer high feasibility, reliability, and accuracy in operation. Also, electric reclosers can be easily customized for advanced automation functions which in turn is escalating its market growth.

·        Based on voltage, the recloser market is classified into high, medium, and low. The high voltage segment acquired a substantial share in the recloser market and is expected to grow at an influential rate in the forecasted period. It is mainly owing to the rising demand for electricity with a surge in urbanization and growing investment in smart grid projects, and renewable energy driving the demand for high voltage reclosers.

·        Based on insulation, the recloser market is categorized into oil, air, and epoxy. The epoxy insulation segment caters considerable share of the recloser market. The epoxy insulation medium reclosers are an essential component in a transmission network and are used within substations to control the flow of large quantities of electric power with an electrical network. Also, as electrification increases in the country, the transmission network will naturally expand, which in turn will surge in demand for epoxy insulation medium reclosers in new transmission substations.

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Recloser Market Geographical Segmentation Includes:

·        North America (United States, Canada, and Rest of North America)

·        Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)

·        Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)

·        Rest of the World

Asia Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the rising population in countries such as China, and India in the region that are driving the demand for electricity. Also, rising industrial and commercial sectors and the increasing investments in smart grid infrastructure in China, India, South Korea, and Australia are rising the market of reclosers.

 In addition, China is focusing on investments in the RD of intelligent substations and intelligent power distributions. Thus, increasing investments are expected to drive the market for reclosers during the forecast period.

The major players targeting the market include

·        ABB Ltd.

·        Eaton

·        Siemens

·        GW

·        General Electrics

·        Schnieder

·        Noja Power

·        Stelmec

·        Arteche

·        Entec Electric and electronic

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Recloser market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the Recloser market?

• Which factors are influencing the Recloser market over the forecast period?

• What are the global challenges, threats, and risks in the Recloser market?

• Which factors are propelling and restraining the Recloser market?

• What are the demanding global regions of the Recloser market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

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