Worldwide Recloser Market value to hit $2 billion by 2025: Global Market Insights, Inc.

The U.S. recloser market revenue surpassed USD 190 million in 2018 and is projected to achieve moderate CAGR up to 2025, driven by growing government measures to upgrade the conventional electricity grid systems.

Selbyville, Delaware, June 18, 2019 (GLOBE NEWSWIRE) --

Single phase segment of recloser market exceeded USD 750 million in 2018. Enhanced applicability of these reclosers in single phase lines such as branches or taps of a three-phase feeder will stimulate their adoption. Easy installation, mechanical protection along with space savings are some of the key features that will propel the product demand.

Vacuum interruption recloser market is anticipated to grow over 5.5% by 2025. Rising focus of utilities to redevelop power distribution infrastructure along with regulatory focus to provide reliable solution will drive the product demand. Vacuum reclosers are capable of providing maximum operational safety and easy recyclability, thereby making them a favorable choice for interruption.

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Enhanced penetration of reclosers across distribution lines to substantially increase the availability & reliability of network along with measures to prevent faults will drive the 15 kV recloser market. The 15 kV reclosers find application across low voltage areas and are suitable for providing protection against earth faults and short circuits.

Global Recloser Market is set to cross USD 2 Billion by 2025, as reported in the latest study by Global Market Insights, Inc. Rising need to upgrade & revamp the aging electric infrastructure along with efforts to reduce the power outages will stimulate the demand for recloser market. In 2018, the U.S. congress conducted an evaluation of the grid to check the medium to long term evolution that focuses on planning & operating techniques, grid architecture and the advent of new technologies. Growing measures undertaken by electric utilities to provide maximum continuity of electric service by automatically restoring service after temporary outage will stimulate the demand for reclosers, thereby enhancing the industry landscape.

Subsequent expansion of grid networks to serve the ever-growing population coupled with rapid industrialization across the developing nations will drive the market. In addition, regulatory pressure for the installation of energy efficient devices coupled with the development of substations to enhance electrical reliability will boost the business growth.

Browse key industry insights spread across 420 pages with 906 market data tables & 29 figures & charts from the report, “Recloser Market Size By Phase (Single phase, Three phase), By Control (Electronic, Hydraulic), By Interruption (Oil, Vacuum), By Voltage Rating (15 kV, 27 kV, 38 kV), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, Italy, Spain, France, Sweden, Austria, Netherlands, Denmark, Russia, China, India, Japan, Australia, South Korea, Indonesia, Philippines, Thailand, Malaysia, Singapore, New Zealand, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, Oman, Turkey, South Africa, Egypt, Nigeria, Algeria, Israel, Jordan, Lebanon, Brazil, Argentina, Chile), Application Potential, Competitive Market Share & Forecast, 2019– 2025” in detail along with the table of contents:

Electric control recloser market will grow owing to the measures undertaken to enhance the automated operation of distribution network along with the need to replace the conventional hydraulic control reclosers. Easy customization and programmability, operational flexibility, advanced protection and automation functionality are some of the significant features that will boost the product demand.

Rising need to eliminate prolonged outages on distribution systems caused due to transient overcurrent conditions or temporary faults along with efforts to enhance the power capacity to meet the rising energy demand will drive the U.S. market. Growing focus toward the development of efficient electric systems that are capable of resuming service immediately after occurrence of temporary faults will further complement the industry landscape.

Notable industry players in the global recloser market comprise of NOJA Power, Schneider Electric, Tavrida Electric, Eaton, Hughes Power System, Hubbell, ABB, G&W Electric and Ensto amongst others. Continuing advancements to develop energy efficient equipment has continued to be the focal point for the key industry players to secure a competitive position in the industry.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


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