According to the new market research "Recloser
Market by Control ((Recloser (Electronic, Hydraulic) and
Sectionalizer (Resettable Electronic, Programmable Resettable)), Phase
(Recloser (Three, Single, Triple Single) and Sectionalizer (Three, Single),
Voltage Region - Global Forecast to 2025", published by
MarketsandMarkets™, the global Recloser Market (including sectionalizer) is
projected to reach USD 2.4 billion by 2025 from an estimated market size of USD
1.9 billion in 2020, at a CAGR of 4.8% during the forecast period. The global Recloser
Market is set to witness significant growth owing to increasing power demand
and expansion of transmission and distribution network globally. Additionally,
increasing the share of renewable energy would also drive the grid integration
projects and finally recloser and sectionalizer market.
The electronic recloser control segment is expected to be the fastest
market during the forecast period
The electronic recloser control segment is projected to be the fastest Recloser
Market, by control type, during the forecast period. The electronic recloser
control segment accounts for greater share of the total Recloser Market due to
greater flexibility, ease of customization & programing, and have advanced
protection, metering, and automation functionality. The growth in electronic
recloser control market can be attributed to its low cost and wide area of its
applications. Demand for electronic recloser control is on the rise in China,
which is the major country in electric utility industry in terms of grid
modernization projects. According to the Renewable Energy Policy Network
(REN21), China accounted for 45% of the total global investment for renewable
power generation in 2018. Increasing investments in renewable power would drive
the market for distribution automation in Asia Pacific which would further
drive the market for electronic recloser.
Browse in-depth TOC on "Recloser Market"
115 – Tables
40 – Figures
170 – Pages
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The Up to 15 KV segment is expected to be the fastest Recloser Market
(including sectionalizer), by voltage, during the forecast period
The Up to 15 KV segment is expected to grow at the fastest rate during
the forecast period. The up to 15 KV segment is expected to grow at the fastest
CAGR due to the increase in residential power distribution capacity to cater
the increasing demand for electricity in residential areas. Also, increasing investments
in grid transmission and distribution projects in rural areas would also fuel
the growth of the segment in the forecast period.
Asia Pacific is expected to dominate the global recloser and
sectionalizer market during the forecast period.
The growth of the recloser and sectionalizer market in the Asia Pacific
can be attributed to the increasing demand for electrical energy due to
urbanization and industrialization, distribution network upgrade, and
increasing need of power reliability. Also, rising investments in smart grid
infrastructure projects that includes distribution automation would result in
an increased demand for recloser and sectionalizer in the Asia-Pacific region.
Additionally, the rise in investments in smart grid technologies that include
distribution grid automation, smart meters, and demand response systems in
countries such as China, India, South Korea, and Australia would create growth
opportunities for the recloser and sectionalizer market in the region.
Sample Copy:
To enable an in-depth understanding of the competitive landscape, the
report includes the profiles of some of the top players in the Recloser Market.
These include Noja Power (Australia), ABB (Switzerland), Eaton (Ireland),
Schneider Electric (France), and Siemens (Germany). 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.
Browse Adjacent Markets: Energy
and Power Market Research Reports & Consulting
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Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
