Recloser Market

Market Overview:

The global recloser market size reached US$ 1.61 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.50% during 2023-2028. The rising need for reliable power distribution, an enhanced focus on the expansion and modernization of power infrastructure, and continual technological advancements in grid enhancement projects represent some of the key factors driving the market.

Recloser, also known as auto recloser or ACR (Automatic Circuit Recloser), is an electrical device that is used in electric distribution networks to prevent long-term outages. It is a high-voltage automatic electric switch which detects and shuts down power in the event of a fault. The recloser restores power if the issue is resolved in a reclaim time, which is the minimum time required to complete the auto recloser cycle and close the circuit breaker. If the power outage or accidental issue remains, the recloser stays permanently shut off. Additionally, it improves system reliability by isolating faulted parts and can automatically re-energize the line after a trip. Reclosers also act as a power equipment that breaks circuits upon detecting faults or abnormalities to prevent short circuits. By detecting transient faults and interruptions, reclosers help save costs and reduce inconveniences caused by frequent power outages. As a result, they are extensively used in different industries, malls, and offices to ensure safety and prevent accidents.

Recloser Market Trends:

The market is primarily driven by the rising need for reliable power distribution across the globe, particularly in the developing economies. This can be attributed to the escalating demand for uninterrupted power supply in the urban areas. In addition to this, an enhanced focus on the expansion and modernization of power infrastructure to meet the increasing energy demands is creating lucrative opportunities in the market. Moreover, continual technological advancements in grid enhancement projects and the introduction of smart grids and distribution automation systems are providing an impetus to the market. In addition to this, the rising integration of various renewable energy sources, including solar and wind energy into the power grid, is propelling the demand for reclosers.  The market is further driven by the implementation of stringent energy efficiency policies by various government and regulatory bodies of several countries. Apart from this, an increasing emphasis on grid resilience and reliability due to the growing number of natural disasters and extreme weather calamities is propelling the market demand. Furthermore, favorable government initiatives, subsidies and incentives for implementing grid modernization initiatives is creating a positive market outlook. Some of the other factors contributing to the market include rapid urbanization, implementation of energy efficiency initiatives, and the rising awareness regarding power quality and outage management.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global recloser market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type, control, insulation, and voltage rating.

Type Insights:

• Single Phase Recloser
• Three Phase Recloser
• Triple Single Recloser
   

The report has provided a detailed breakup and analysis of the recloser market based on the type. This includes single phase recloser, three phase recloser, and triple single recloser. According to the report, single phase recloser represented the largest segment.

Control Insights:

• Electronic
• Hydraulic
• Micro-Processor
   

The report has provided a detailed breakup and analysis of the recloser market based on the control. This includes electronic, hydraulic, and micro-processor. According to the report, electronic represented the largest segment.

Insulation Insights:

• Oil-Insulated Recloser
• Gas-Insulated Recloser
• Epoxy-Insulated Recloser
   

The report has provided a detailed breakup and analysis of the recloser market based on the insulation. This includes oil-insulated recloser, gas-insulated recloser, and epoxy-insulated recloser.

Voltage Rating Insights:

• Upto 15 Kv
• 16-27 Kv
• 28-38 Kv
   

A detailed breakup and analysis of the recloser market based on the voltage rating has also been provided in the report. This includes upto 15 Kv, 16-27 Kv, and 28-38 Kv. According to the report, upto 15 Kv accounted for the largest market share.

Regional Insights:

• North America 
  • United States 
  • Canada 
• Europe 
  • Germany 
  • France 
  • United Kingdom 
  • Italy 
  • Spain
  • Others 
• Asia Pacific 
  • China 
  • Japan 
  • India 
  • South Korea 
  • Australia 
  • Indonesia 
  • Others 
• Latin America 
  • Brazil 
  • Mexico 
  • Others 
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for recloser. Some of the factors driving the Asia Pacific recloser market included the rising need for reliable power distribution, the widespread integration of various renewable energy sources, increasing investments in grid modernization by public and private sectors, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global recloser market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include ABB Ltd., Eaton Corporation plc, ENTEC Electric & Electronic CO. LTD., G&W Electric Company, Hubbell Incorporated, Hughes Power System, ILJIN ELECTRIC, Noja Power Switchgear Pty Ltd., S&C Electric Company, Schneider Electric SE, Siemens AG, Tavrida Electric, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report. 

Report Coverage:

Key Questions Answered in This Report:

• How has the global recloser market performed so far, and how will it perform in the coming years? 
• What are the drivers, restraints, and opportunities in the global recloser market?
• What is the impact of each driver, restraint, and opportunity on the global recloser market?
• What are the key regional markets?
• Which countries represent the most attractive recloser market? 
• What is the breakup of the market based on the type? 
• Which is the most attractive type in the recloser market?
• What is the breakup of the market based on the control?
• Which is the most attractive control in the recloser market?
• What is the breakup of the market based on the insulation?
• Which is the most attractive insulation in the recloser market?
• What is the breakup of the market based on the voltage rating?
• Which is the most attractive voltage rating in the recloser market? 
• What is the competitive structure of the global recloser market? 
• Who are the key players/companies in the global recloser market?  

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the recloser market from 2017-2028. 
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global recloser market.  
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region. 
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the recloser industry and its attractiveness. 
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.