Recloser Market is Projected to Reach $2.4 billion by 2025 | Leading player are Noja Power, ABB, Eaton, Schneider Electric, Siemens

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.

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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 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.

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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.

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Distribution Automation Market: Comprehensive Analysis of the Development Factors in the Industry by 2023

The report "Distribution Automation Market by Component (Field Device (Smart Meters, Voltage Regulators, and Smart Sensors), Software & Services, Communication Technology (Wired, and Wireless)), Type of Utility (Public, Private), and Region - Global Forecast to 2023" The distribution automation market is expected to grow from an estimated market size of USD 11.82 billion in 2018 to USD 16.81 billion by 2023, at a CAGR of 7.29% from 2018 to 2023. The global market is set to witness significant growth because of the increasing renewable power generation and need for energy efficiency. Advancements in IoT and communication technologies present a significant opportunity for the distribution automation market.

Browse 68 Tables and 29 Figures spread through 134 Pages and in-depth TOC on "Distribution Automation Market - Global Forecast to 2023"

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Field Device: The largest segment, by component, during the forecast period

The field device segment is expected to hold the major share of the distribution automation market during the forecast period. Growing investments in refurbishing the ageing infrastructure and government initiatives to promote the use of energy-efficient power generation resources are the major factors driving the distribution automation market in the European region. The European market players, such as ABB, Schneider Electric, and Eaton are involved in the manufacturing of field devices. These factors have resulted in the highest market share of the field device segment in the distribution automation market.

Target Audience:

The report’s target audience includes:

·         Consultants and advisory firms

·         Distribution automation solution providers

·         Electric Utilities

·         Electrical equipment associations

·         Government agencies

·         Network and communication service providers

·         Support and maintenance service providers

Scope of the Report:

By Component

·         Field Device

·         Software & Services

·         Communication Technology

By Type of Utility

·         Public Utility

·         Private Utility

By Region

·         Europe

·         North America

·         Asia Pacific

·         South America

·         The Middle East & Africa

The public utility segment accounts for the largest share of the distribution automation market, by type of utility, during the forecast period

The public utility segment is expected to be the largest market for distribution automation, by type of utility, from 2018 to 2023. The factors driving the market for distribution automation in the public utility include significant efforts made by the government to extend the services of public utilities. The grants offered by the government will help in modernizing the grid, which in turn will boost the market for distribution automation.

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Asia Pacific: The fastest-growing market for distribution automation

In this report, the distribution automation market has been analyzed on the basis of five regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa.

The distribution automation market in Asia Pacific is driven by countries such as China, India, Japan, and Australia. Rapid industrialization in India, China, and Australia is expected to drive the implementation of distribution automation systems. These countries are increasing renewable power generation to meet their growing energy demand. According to the Renewable Energy Policy Network (REN21), China accounted for 45% of the total global investment for renewable power generation in 2017. Increasing investments in renewable power would drive the market for distribution automation in Asia Pacific.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the key players in the distribution automation market. These include Siemens (Germany), ABB (Switzerland), GE (US), Schneider Electric (France), and Eaton (Ireland). The leading players are trying to expand in developing economies and are adopting various strategies to increase their 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. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
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USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Attractive Opportunities in the Steam Boiler System Market 2023

The report “Steam Boiler System Market by Component (Boiler, Economizer, Superheater, Air Preheater, and Feed Pump), Type (Watertube Boiler, and Fire Tube Boiler), Fuel (Coal, Gas, Biomass, Oil, and Electric), End-user, and Region- Global Forecast to 2023″, The steam boiler system market is expected to grow from an estimated USD 17.66 billion in 2018 to USD 21.63 billion by 2023, at a CAGR of 4.13%. Increase in demand for electricity is forcing the National Governments to increase power generation capacity by setting up new power plants which is driving the demand for steam boiler system in power plants. The increasing number of manufacturing and process industry specifically in Asia Pacific is also increasing the demand of steam boiler systems.

Browse 73 market data Tables and 33 Figures spread through 139 Pages and in-depth TOC on “Steam Boiler System Market – Global Forecast to 2023”

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Water-tube boiler is expected to be the fastest growing market for steam boiler system, by type, during the forecast period.

Water-tube boiler segment led the steam boiler system market in 2017. Water-tube boilers are more efficient than fire-tube boilers. Water tube boilers have larger boiler capacities, higher pressure levels, and the ability to provide high steam temperatures of up to 650 °C. Such boilers are mostly used in power generation utilities. The rise in the consumption of electricity and increasing energy prices is likely to drive the steam boiler system market during the forecast period.

Biomass-fired steam boiler, by fuel, is expected to grow at the highest CAGR during the forecast period.

The biomass-fired steam boiler segment is projected to grow at the highest CAGR from 2018 to 2023. The primary source of fuel for such kind of biomass-fired steam boilers includes crops and wastes such as rice husk, wood, sawdust, forest and mill residue, fast-growing trees and plants, and industrial waste. Biomass can be used in two different ways to produce heat, namely, directly via combustion or indirectly by converting it into various types of fuels such as methane gas, ethanol, and biodiesel. The heat produced by burning biomass can be used to heat homes, generate electricity, and power vehicles.

Asia Pacific: The leading market for Steam Boiler System

In this report, the steam boiler system market has been analyzed with respect to 5 regions, namely, the Asia Pacific, North America, South America, Europe, the Middle East, and Africa. The Asia Pacific led the global steam boiler system market in 2017. China is expected to lead the Asia Pacific steam boiler system market during the forecast period and is projected to grow at the highest CAGR from 2018 to 2023. Power plants are one of the major end-users of steam boiler systems in China.  The country is one of the largest consumers of electricity in the world and to meet the growing demand for power; it is investing heavily in setting up new plants across all provinces to ensure steady power supply across industries. According to the EIA’s International Energy Outlook 2017, China is the world’s largest consumer of coal and consumption of coal in the power sector is expected to reach 4,800 million metric tons by 2018. Thus, factors such as increased investments in the power generation sector to meet the increasing demand for power is likely to drive the steam boiler system market during the forecast period.

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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 steam boiler system market. The key players include Bosch (Germany), GE (US), Alfa Laval (Sweden), Thermax (India), Cochran (UK), Viessmann (Germany), and Doosan (South Korea). The leading players are adopting various strategies to increase their shares in the steam boiler system 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. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com