Recloser Control Market to Capture Unparalleled Growth with A 6.22% CAGR Growth By 2022

According to the new market research report “Recloser Control Market by Type (Electric and Hydraulic), Phase Type (Three-Phase, Single-Phase, and Triple-Single Phase), Voltage (Up to 15 Kv, 16 kV–27 Kv, and 28 kV–38 Kv), and Region - Global Forecast to 2022”, published by MarketsandMarkets™, the global recloser control market is expected to grow at a CAGR of 6.22%, from 2017 to 2022, to reach a market size of USD 1.52 Billion by 2022. The increasing demand for electric power worldwide, rapid industrialization, and increased investment in automated power equipment are factors likely to drive the recloser control market during the forecast period.

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The recloser control market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the recloser control industry include Eaton (Ireland), Schneider (France), Tavrida (Switzerland), ABB (Switzerland), and NOJA Power (Australia).

The recloser control market has been segmented based on type into electric and hydraulic control. The electronic control segment is estimated to grow at highest CAGR during the forecast period. Electric controls are widely used in three-phase reclosers and single-phase reclosers as they provide more flexibility, can be easily customized and programmed, and provide advanced protection.

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Based on phase, the triple-single segment is estimated to grow at the highest rate from 2017 to 2022. Triple-single reclosers control provide cost-effective single-phase distribution feeder and achieve significant power reliability with the additional benefit of single-phase tripping. Such recloser controls are rapidly replacing three-phase recloser controls in the power distribution system. The demand for triple-single recloser controls is expected to be higher in developed countries as they are expensive compared to three-phase and single-phase recloser controls.

On the basis of voltage, the demand for recloser controls up to 15 kV are expected to grow at the highest rate from 2017 to 2022. Recloser controls with voltage rating up to 15 kV are mostly used in residential applications and rural distribution lines. Growing urbanization, increasing investment in smart grid projects, and growing commercial, residential, and industrial sectors are expected to drive the growth of this market segment.

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Based on region, the recloser control market in Asia Pacific is projected to grow at the highest rate followed by the Middle East and North America. China accounted for the maximum share in the Asian region in 2016. The increasing demand for automated power equipment due to the rising investment in distribution automation and smart grid applications are likely to have a positive impact on the recloser control market in the APAC region.

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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.

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Submarine Power Cable Market to Capture Unparalleled Growth with A 15.32% CAGR Growth By 2023

According to the new market research report “Submarine Power Cable Market by Type (Single, Multicore), Voltage (Medium, High), Conductor Material (Copper, Aluminum), End-User (Offshore Wind Power Generation, Inter-Country & Island Connection, & Offshore Oil & Gas), and Region - Global Forecast to 2023”, published by MarketsandMarkets™, the overall submarine power cable market is estimated to be valued at USD 8.12 billion in 2018 and is projected to reach USD 16.56 billion by 2023, at a CAGR of 15.32% during the forecast period. In 2018, Europe is estimated to be the largest market for submarine power cables, followed by Asia Pacific and North America. The growth of the submarine power cable market is driven by new offshore wind capacity additions in Europe and Asia Pacific, increasing demand for inter-country and island connections, and rising demand from the offshore oil & gas sector. The increasing need for HVDC connections presents a significant opportunity for the submarine power cable market.

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The submarine power cable market comprises both global and regional players. Key players operating in the market include Prysmian (Italy), Nexans (France), NKT (Denmark), General Cable (US), and Furukawa Electric (Japan). Contracts & agreements, investments & expansions, and collaborations & partnerships are the major strategies adopted by the players in the submarine power cable market. Contracts & agreements was the most commonly adopted strategy from 2015 to 2018 (April). Industry players also adopted the strategy of investments & expansions, which was the second-most widely followed strategy from 2015 to 2018 (April).

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Prysmian is one of the largest providers of cable and system solutions to energy and telecom sectors. The company has 4 business segments: energy products, energy projects, telecom, and oil & gas. The company manufactures submarine power cables under the energy projects segment. Through these business segments, Prysmian provides products and solutions for power transmission and distribution, of specialty cables for applications in many different industries and of medium- and low-voltage cables for construction and infrastructure sectors. In October 2017, Prysmian entered into a contract with Suomen Hyötytuuli (Finland) to supply approx. 14 km of 30-kV submarine cable for 10 additional turbines for the Tahkoluoto offshore wind farm located in the Baltic Sea.

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Nexans is one of the leading technology companies offering products, solutions, and services in the fields of industrial automation, utilities, transmission and distribution, and oil & gas, among others, across the globe. The company operates through 4 segments: transmission and distribution & operators, industry, distributors & installers, and other activities. Nexans provides submarine power cables under its transmission and distribution & operators segment. Through its transmission and distribution & operators segment, the company also provides high-, medium-, and low-voltage underground and overhead cables to cater to various end-use industries, such as oil & gas, energy resources, building, and communication. The company adopted investment & expansion as one of its key growth strategies to strengthen its presence in the market. In November 2017, Nexans opened a high-voltage test laboratory to enhance its cable testing capacity up to 1.5 million volts at its Calais Center of Excellence in France.

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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.

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Mr. Shelly Singh
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Shunt Reactor Market to Capture Unparalleled Growth with A 4.56% CAGR Growth By 2022

According to the new market research report “Shunt Reactor Market by Type (Oil-Immersed and Air-Core), Application (Variable Reactors and Fixed Reactors), End-User (Electrical Utilities and Industrial Verticals), and Region (North America, Europe, Asia Pacific, and South America) - Global Forecast to 2022”, published by MarketsandMarkets™, The shunt reactor market is expected to grow at a CAGR of 4.56% from 2017 to 2022, to reach a market size of USD 3.19 billion by 2022. The major drivers of the shunt reactor market include increasing demand for electricity, upgradation of the aging technology, and modernization of the T&D network.

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Key companies to provide shunt reactors are GE (US), Siemens (Germany), ABB (Switzerland), Fuji Electric (Japan), Mitsubishi Electric (Japan), CG (India), Nissin Electric (Japan), Zaporozhtransformator (Ukraine), TBEA (China), Toshiba (Japan), and Hilkar (Turkey).

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The key players in the shunt reactor market have been indulged in various contracts & agreements to install, construct, develop, or upgrade the shunt reactors. The companies supply shunt reactors to the electric utilities and various industrial verticals. The demand for shunt reactors increase with rise in demand for electricity, which in turn increases the investment in T&D networks, which leads to increase in the shunt reactor market. Thus, contracts & agreements is the major strategy adopted by the companies.

The industrial verticals segment is expected to be the fastest growing segment during the forecast period. The reactive power component enters into the system and reduces the power factor, which is used to measure the efficiency and quality of the power used. Thus, in the industrial vertical segment, the shunt reactors are used to improve the power factor. Growing industrialization in developing countries increases the investment in the T&D infrastructure. The upgradation of the aging technology in various industries leads to rise in investments in the T&D infrastructure which is expected to increase the shunt reactor market during the forecast period. The large investments in the T&D network would create an opportunity for the manufacturers to supply shunt reactors to various private companies.

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The oil-immersed shunt reactor segment is expected to be the fastest growing segment during the forecast period. Oil-immersed shunt reactors are usually utilized for systems with a voltage profile of 72.5 kV and above and are connected directly to the high-voltage busbar/transmission network. Investments in the T&D infrastructure and upgradation of the aging technology are taking place in the developing regions, where the oil-immersed shunt reactors have a high growth. Asia Pacific and North America are estimated to have a decent market growth for oil-immersed shunt reactors.

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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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com