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Pulished Date February, 2021
ID: 11164
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Recloser Market – Segmented By phase (single phase and three phase), by control (electronic and hydraulic), by interruption (oil and vacuum) Size, Share, Trends and Growth Analysis Report and Region - Industry Forecast | 2021 to 2026

Pulished: February, 2021
ID: 11164
Pages: 175

 Recloser Market Value and Growth:

The worldwide market for reclosers (including disconnectors) is predicted to reach USD 2.8 billion by 2026, from an predicted market size of USD 1.3 billion in 2021, with a CAGR of 4.4% during the foreseen period of the anus.

Factors driving the market include escalated call for electricity, expansion of transmission and distribution (T&D) networks. Furthermore, escalated investments in the renewable energy sector and smart grid projects are also the main factors contributing to the expansion of the market for reclosers and disconnectors. A recloser is an electrical power distribution or protection network. It includes a circuit breaker that can easily detect overcurrent or short circuit in the network. In addition, it has a feature that can be turned off automatically when not in use. Reclosers are employed in electronic overhead distribution systems to detect and shut down temporary faults. It can, among other things, protect a power supply system from a short circuit. A recloser is a switch that can restore an electrical circuit automatically or manually and also remotely after a distraction from service. You can easily detect faults and close and restart to unlock the line. Reclosers are available in three phase-based types: single-phase reclosers, three-phase reclosers, and single and triple reclosers. Reclosers work with a hydraulic mechanism, and have a series of separate coils with the line. The operating mechanism is placed outside the reclosers and collects the current signal.

Recloser Market Trends:

The escalating call for automation of power supply, for better quality and reliability and the escalating use of electrical equipment and devices, together with the escalating call for adequate protection of these devices, are the main factors for the expansion of the worldwide market of control of reclosers. In addition, escalated investment in mature substation modernization and power line protection is another factor that is predicted to fuel the recloser control market during the foreseen period.

Recloser Market Drivers:

The recloser market is predicted to grow steadily over the foreseen period. The growing prevalence for an efficient power distribution network and the lack of manual intervention to restore power are driving force for this market. In addition, several companies around the world are adopting this device to reduce costs in the event of a failure, which in turn contributes to the growing call for reclosers. Additionally, the need for automation systems is also driving the market for reclosers around the world. The expansion of reclosers will be influenced primarily by escalated investments in the power distribution sector and technology in the worldwide power industry. The distribution system has experienced an outdated classical infrastructure and a poor distribution network. The reconnection technology is implemented by distribution companies to avoid incidents related to load imbalances and short circuits. The market share of reclosers under the current regime has escalated in importance due to rapid urbanization, economic expansion, and escalated efforts to develop an efficient power distribution network. In addition, huge investments by government authorities to meet the growing call for network automation, as well as the growing penetration of the smart grid, will boost the prospects for the industry.

Recloser Market Restraints:

However, in the recloser industry, many manufacturers offer cheaper alternatives to these components. Additionally, insufficient government funding is also having a negative impact on the resealable market. Growing competition between the key players and reduced quality of the products are impeding the growth rate of the market. 

Opportunities in the Recloser Market:

The industry in the worldwide energy value chain is growing exponentially due to the escalating call for electricity due to the escalating urbanization and industrialization of developing economies. The electricity sector is moving mainly towards the private sector with less state control. With more and more players entering the electricity market, many technologies have been introduced in the electricity generation, transmission and distribution sector to offer unique products and technologies.

Challenges in the Recloser Market:

The high costs associated with purchasing recloser control devices are a major factor limiting the expansion of the worldwide recloser control device market. Additionally, the availability of recloser control alternatives is another factor likely to hamper the expansion of the worldwide market.

Recloser Market Segmentation:

By phase:

  • Single phase
  • Three phase

The single-phase recloser market in 2021 was valued at more than $ 750 million. Quick and easy installation, space savings and improved mechanical protection are some of the main features that will drive its adoption. These reclosers find an application to protect single-phase lines such as three-phase starter outputs or taps. In addition, the expansion of offices, educational premises, public departments, communication and data centers will contribute positively to the dynamics of the industry.

By control:

  • Electronic
  • Hydraulic

The electronic recloser market is predicted to grow more than 6% by 2026. Operational flexibility, easy customization and advanced protection are some of the must-have features that will drive call for products. Furthermore, the escalating need to replace conventional hydraulic reconnection systems together with automated operation of the distribution network will positively improve business prospects.

By interruption:

  • Oil
  • Vacuum

The market for oil-cut reclosers will grow due to compact design, ease of handling, and applicability for both cut-off and isolation. High security, versatility, and the ability to protect the system with fewer interruptions are other imperatives that will improve product adoption.

Recloser Market Regional Analysis:

 The Recloser Market Report includes the segmentation of Regions:

  • North America 
  •  Europe 
  •  Asia Pacific 
  •  Latin America 
  •  Middle East & Africa 

North America is predicted to be the second-largest market for reclosers (including disconnect switches) during the foreseen period. North America's aging electrical infrastructure is creating a call for grid reliability and smarter electrical grids. According to an article published by energy.gov, capital expenditures for electricity distribution in the United States and Canada will exceed $ 40 billion by 2021. These investments include rebuilding existing systems, installing new infrastructure to meet the growing residential call and the deployment of automation technologies. These investments by North American distribution companies in distribution automation systems and smart grid projects would stimulate the market for reclosers and disconnectors, which are employed to protect the overhead distribution line against various faults and overcurrents. The Asia-Pacific region market is predicted to represent the largest share in terms of revenue over the foreseen period. This dominance can be attributed to escalated investment in improving power grids in emerging economies such as China, Japan and India. The North American market is predicted to register significant expansion, followed by Europe during the foreseen period, due to the escalating call for renewable energy sources in the countries of the region. In addition, the Latin America, Middle East and Africa market is predicted to record moderate target market expansion during the foreseen period.

Impact of Covid-19 on Recloser Market:

Electricity call fell to blocking levels on Sunday, with dramatic cuts in services and industry only partially offset by higher residential use. When containment in Italy and Germany was relaxed in April, electricity call showed the first signs of recovery. This trend continued in May, when more countries relaxed the blockade measures. It is deemed that the market shares to have significant growth opportunities in 2021. 

Recloser Market Key Players:

The key players in the reclosers market are 

  • ABB Ltd 
  • Cooper Industries (Eaton Corp.) 
  • Hubbell, Inc 
  • G&W Electric 
  • Schneider Electric Se
  • S&C Electric Company
  • Noja Power
  • DNK (Xiamen) Electrical Co.
  • Tavrida Electric
  • Zhejiang Ghorit Electric Equipment Co., Ltd

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Recloser Market, By Phase                  

                                6.1.1 Single phase           

                                6.1.2 Three phase           

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Recloser Market, By Control                

                                6.2.1 Electronic

                                6.2.2 Hydraulic 

                                6.2.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.4 Y-o-Y Growth Rate Analysis              

                                6.2.5 Market Attractiveness Index           

                6.3 Recloser Market, By Interruption                      

                                6.3.1 Oil               

                                6.3.2 Vacuum   

                                6.3.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.4 Y-o-Y Growth Rate Analysis              

                                6.3.5 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Phase  

                                7.2.3 By Control

                                7.2.4 By Interruption     

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Phase  

                                7.3.3 By Control

                                7.3.4 By Interruption     

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Phase  

                                7.4.3 By Control

                                7.4.4 By Interruption     

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Phase  

                                7.5.3 By Control

                                7.5.4 By Interruption     

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Phase  

                                7.6.3 By Control

                                7.6.4 By Interruption     

8. Key Player Analysis                                    

                8.1 ABB Ltd                        

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Cooper Industries (Eaton Corp.)                         

                8.3 Hubbell, Inc                                

                8.4 G&W Electric                             

                8.5 Schneider Electric Se                              

                8.6 S&C Electric Company                           

                8.7 Noja Power                

                8.8 DNK (Xiamen) Electrical Co.                 

                8.9 Tavrida Electric                          

                8.10 Zhejiang Ghorit Electric Equipment Co., Ltd                

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Recloser Market By Region, From 2021-2026 ( USD Billion )
  2. Global Recloser Market By Phase, From 2021-2026 ( USD Billion )
  3. Global Single phase Market By Region, From 2021-2026 ( USD Billion )
  4. Global Three phase Market By Region, From 2021-2026 ( USD Billion )
  5. Global Recloser Market By Control, From 2021-2026 ( USD Billion )
  6. Global Electronic Market By Region, From 2021-2026 ( USD Billion )
  7. Global Hydraulic Market By Region, From 2021-2026 ( USD Billion )
  8. Global Recloser Market By Interruption, From 2021-2026 ( USD Billion )
  9. Global Oil Market By Region, From 2021-2026 ( USD Billion )
  10. Global Vacuum Market By Region, From 2021-2026 ( USD Billion )

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