Recloser Market Size, Share, Trends and Future Growth Predictions till 2027

According to a research report "Recloser Market by Phase Type (Three Phase, Single Phase, and Triple-single Phase), Control Type (Electronic and Hydraulic), Voltage Rating (Up to 15 kV, 16-27 kV, and 28-38 kV), Insulation Medium (Oil, Air, and Epoxy) and Region - Global Forecast to 2027" The global recloser market is expected to reach USD 1.3 billion by 2027 from an estimated USD 1.0 billion in 2022, at a CAGR of 5.4% from 2022 to 2027. The recloser market is expected to witness significant growth during the forecast period, owing to the power distribution infrastructure, which is expected to strengthen in the upcoming years with the rise in demand for electricity. Also, the increase in renewable energy capacity addition and increased investment in industrial production will enable the demand for reclosers. With the growing usage of high-voltage direct systems, the market for reclosers is expected to be driven at a faster rate.

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Three phase segment, by Phase Type, to occupy the majority of recloser market share

The three-phase segment, by Phase Type, is projected to hold the largest market share during the forecast period. Three-phase reclosers provide reliable, self-contained distribution-circuit overcurrent protection at a low initial cost and require minimal service. Because most line faults are temporary, they will clear after only momentary circuit interruption; therefore, permanent outages usually are prevented. These types of reclosers are mainly used in heavy industrial applications due to their sizeable power-carrying capacity and suitability for the operation of heavier electrical equipment.

Up to 15 kV voltage segment, by voltage rating, to be the largest market

Based on the voltage, the Upto 15 kV segment is estimated to be the largest market from 2020 to 2027. The demand for substation equipment safety is boosting the development of advanced protection devices such as automatic circuit reclosers. The up to 15 kV segment is expected to grow at the highest rate due to the increase in the residential power distribution capacity to cater to the increasing demand for electricity in residential areas.

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Asia Pacific followed by North America emerged as the largest recloser market
Asia Pacific accounted for the largest global recloser market share during the forecast period owing to the increasing investments in transmission and distribution line expansion projects. Also, the rising industrial and commercial sectors and the increasing investments in smart grid infrastructure in China, India, South Korea, and Australia are expected to drive the market. Also, the increasing demand for continuous and reliable power supply, along with the replacement of the aging distribution network, is likely to fuel the market further in Asia Pacific region.

ABB (Switzerland), NOJA Power (Australia), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland) are the key players in the global recloser market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Northbrook, IL 60062
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Residential Energy Storage Market 2022 New Report Size, Trends, Share, Growth Forecast By 2027

According to a research report "Residential Energy Storage Market by Power Rating (3-6 kW, 6-10 kW, 10-20 kW), Connectivity (On-Grid, Off-Grid), Technology (Lead-Acid, Lithium-Ion), Ownership (Customer, Utility, Third-Party), Operation (Standalone, Solar), Region - Forecast to 2027" published by MarketsandMarkets, the global residential energy storage market is estimated to be valued at USD 719 million in 2022 (Estimate Year) and is projected to reach USD 1,828 million by 2027 (Forecast Year) growing at a CAGR of 20.5% during the forecast period.

The residential energy storage market has promising growth potential due to the rising production of electric vehicles, initiatives by government, growing R & D investment in lithium-ion batteries.

Browse 297 market data Tables and 58 Figures spread through 271 Pages and in-depth TOC on "Residential Energy Storage Market - Forecast to 2027"

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The on-grid segment is expected to dominate the residential energy storage market, by connectivity type, during the forecast period.

The on-grid segment holds the largest share of the residential energy storage market. The high market share can be attributed to its lower upfront costs than the off-grid connectivity. Sometimes, energy storage systems also serve additional applications such as Transmission & Delivery (T&D) deferral, power quality assurance, voltage regulation, spinning reserve, and increased system reliability

The solar and storage is expected to be the fastest growing residential energy storage market, by operation type, during the forecast period.

The residential energy storage market, by operation, is divided into standalone systems and solar and storage systems, wherein the solar and storage accounts for the largest share. The solar and storage is also expected to grow the fastest during the forecast period, owing to increasing awareness and demand for energy self-sufficiency.

The Asia Pacific region is the fastest growing residential energy storage market

In this report, the residential energy storage market has been analyzed for five regions, namely, North America, Europe, Asia Pacific, Middle east & Africa and South America. Europe is a significant contributor to the residential energy storage market in the current scenario owing to the rapid increasing cost-competitiveness of solar-plus-storage solutions which enables residential consumers to have access to the clean energy power and enable opportunities to decrease their energy bill.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the residential energy storage market.

Some of the key players include Tesla (US), VARTA AG (Germany), Enphase Energy (US), BYD Company Ltd (China), Sonnen GmbH (Germany), LG Energy Solution (South Korea). The leading players are adopting various strategies to increase their share in the residential energy storage market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Servo Motors and Drives Market Industry Outlook, Growth, Trends And Forecast 2022-2027

According to a research report "Servo Motors and Drives Market by System (Linear, Rotary), Communication Type (Fieldbus, Industrial Ethernet, Wireless), Voltage (Low, Medium, High), Brake Technology, Material, Product Type, End-users, Offering and Region - Global Forecast to 2027" published by MarketsandMarkets, the servo motors and drives market is expected to grow at a CAGR of 5.7% during the forecast period, from an estimated USD 12.0 billion in 2022 to USD 15.8 billion in 2027. The rise in the adoption of feedback control systems in industrial operations has increased the demand for motion control systems, which is supported by trends such as Industry 4.0. The rising smart manufacturing initiatives for in various countries for improving reliability and productivity is supporting the growth for servo motors and drives.

Browse 174 market data Tables and 68 Figures spread through 250 Pages and in-depth TOC on "Servo Motors and Drives Market - Global Forecast to 2027"

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The permanent magnet segment, by brake technology, is expected to be the largest servo motors and drives market during the forecast period

The permanent magnet segment has the largest share of the global servo motors and drives market owing to the ease in the operations in the industries. The presence of permanent magnets helps these brakes offer high power density. This makes them useful for applications requiring almost zero backlashes, such as pick-and-place robots and medical applications. The operating principle of permanent magnet brakes helps them resist abrasion making them suitable for robots and handling equipment. These advantages are pushing the permanent magnet segment.

The wireless segment is anticipated to be the fastest-growing servo motors and drives market by communication type, during the forecast period

The wireless segment is expected to be the fastest-growing segment during the forecast period. Technologies such as Bluetooth and WLAN can be easily integrated into industrial systems for secure and reliable communication. These technologies offer benefits such as low setup costs, robustness, reliability, and less power consumption. These benefits offered by wireless communication type are propelling the market growth.

Europe is expected to be the second largest segment in the global servo motors and drives market during the forecast period

In this report, the servo motors and drives market has been analyzed for 5 regions, namely Asia Pacific, North America, Europe, Middle East & Africa, South America. Asia Pacific is expected to lead the market during the forecast period.

The servo motors and drives market in Several European countries align their manufacturing processes with the International Electrotechnical Commission (IEC) standards. The IEC develops international standards for adoption by companies in the field of electrotechnology. These standards ensure that the companies adopt such ways of manufacturing, which lead to the electrical energy optimization of their manufacturing processes. Energy-efficient servo motors and drives ensure that these companies pertain to IEC standards. The role of servo motors and drives in various advanced process control systems and robots to facilitate factory automation has been widely recognized throughout Europe in electronics, automotive, semiconductor, and other industries. Furthermore, various developments in the automotive industry, such as autonomous vehicles, hybrid vehicles, and unmanned ground vehicles (UGV), are expected to increase the demand for servo motors and drives.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the servo motors and drives market. These include including Yaskawa Electric (Japan), Mitsubishi Electric (Japan), Siemens (Germany), Rockwell Automation (US), and Schneider Electric (France). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com