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Global Recloser Market to reach USD XX billion by the end of 2030.

Global Recloser Market Size study & Forecast, by Phase Type (Three, Single, Triple-single) by Control Type (Electronic, Hydraulic), by Voltage Rating (Up to 15 kV, 16-27 kV, 28-38 kV), by Insulation Medium (Oil, Air, Epoxy) and Regional Analysis, 2023-2030

Product Code: EPPGS-63337287
Publish Date: 20-12-2023
Page: 200

Global Recloser Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Recloser is a type of circuit breaker that is designed for use on overhead distribution lines. It is used to protect the electrical distribution system from faults such as short circuits and overloads. The primary function of a recloser is to automatically interrupt the flow of electrical current when a fault occurs and then quickly restore power after a brief interruption. The key factors driving the market growth are expansion of transmission and distribution network, upgrades in existing substations and feeder line protection, growing renewable power generation and increasing investments in renewable energy which is anticipated to support the market growth.

Additionally, growing investment in renewable energy contribute significantly to the expansion of the recloser market. For instance, in Sept. 2021, U.S. Department of Agriculture revealed that the Department is planning to invest USD 464 million to build or improve renewable energy infrastructure and to assist rural communities, agricultural producers and companies’ lower energy costs in 48 states and Puerto Rico. USD 129 million of these projects have been funded by the USDA under the Rural Electricity for America Program. This programme offers assistance to support the purchase and installation of renewable energy systems as well as improvements to energy efficiency for rural small enterprises and agricultural producers. By improving their energy efficiency, rural America will generate and save more than 379 million kilowatt-hours (kWh), or 35,677 homes’ worth of electricity annually. Also, USD 335 million of these projects are being funded by the USDA under the Electric Loan Program. To increase reliability in rural regions, 1,432 miles of line will be built or improved due to the funding. The loans come with USD 102 million for investment in smart grid technology, which makes use of digital communications to track and respond to local variations in electricity consumption. Moreover, the rising investments in smart grids, and implementation of performance-based incentive schemes and guaranteed service programs is anticipated to create the lucrative opportunity for the market during projected period. However, the high cost of reclosers stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Recloser Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the growing focus of US government on replacing aging T&D infrastructure, rising investments in grid integration projects, and growing focus on renewable energy generation. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the growing investments in renewables and distribution infrastructure, rising power consumption, and growing focus on renewable energy generation likely to propel demand for reclosers in the region.

Major market player included in this report are:
ABB Group (Switzerland)
Hubbell Incorporated (US)
Siemens AG (Germany)
Schneider Electric (France)
Eaton Corporation plc (Ireland)
NOJA Power Group Ltd. (Australia)
Brush Group Plc (England)
G&W Industries, Inc. (US)
Entec Electric & Electronic Co., Ltd. (South Korea)
Tavrida Electric AS (Estonia)

Recent Developments in the Market:
Ø In February 2022, Eaton and LG electronics partnered to deliver flexible load management for renewable distributed energy applications. Under this partnership, Eaton will integrate its intelligent power management technology, including its smart breakers and EV chargers, with the LG ThinQ Energy mobile app and LG energy management solutions.
Global Recloser Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Phase Type, Control Type, Voltage Rating, Insulation Medium, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Phase Type:
Three
Single
Triple-single
By Control Type:
Electronic
Hydraulic
By Voltage Rating:
Up to 15 kV
16-27 kV
28-38 kV
By Insulation Medium:
Oil
Air
Epoxy
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Recloser Market, by region, 2020-2030 (USD Billion)
1.2.2. Recloser Market, by Phase Type, 2020-2030 (USD Billion)
1.2.3. Recloser Market, by Control Type, 2020-2030 (USD Billion)
1.2.4. Recloser Market, by Voltage Rating, 2020-2030 (USD Billion)
1.2.5. Recloser Market, by Insulation Medium, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Recloser Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Recloser Market Dynamics
3.1. Recloser Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Expansion of transmission and distribution network
3.1.1.2. Upgrades in existing substations and feeder line protection
3.1.1.3. Growing renewable power generation and increasing investments in renewable energy
3.1.2. Market Challenges
3.1.2.1. High cost of reclosers
3.1.2.2. Availability of cheap alternatives to reclosers
3.1.3. Market Opportunities
3.1.3.1. Rising investments in smart grids
3.1.3.2. Implementation of performance-based incentive schemes and guaranteed service programs
Chapter 4. Global Recloser Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Recloser Market, by Phase Type
5.1. Market Snapshot
5.2. Global Recloser Market by Phase Type, Performance – Potential Analysis
5.3. Global Recloser Market Estimates & Forecasts by Phase Type 2020-2030 (USD Billion)
5.4. Recloser Market, Sub Segment Analysis
5.4.1. Three
5.4.2. Single
5.4.3. Triple-single
Chapter 6. Global Recloser Market, by Control Type
6.1. Market Snapshot
6.2. Global Recloser Market by Control Type, Performance – Potential Analysis
6.3. Global Recloser Market Estimates & Forecasts by Control Type 2020-2030 (USD Billion)
6.4. Recloser Market, Sub Segment Analysis
6.4.1. Electronic
6.4.2. Hydraulic
Chapter 7. Global Recloser Market, by Voltage Rating
7.1. Market Snapshot
7.2. Global Recloser Market by Voltage Rating, Performance – Potential Analysis
7.3. Global Recloser Market Estimates & Forecasts by Voltage Rating 2020-2030 (USD Billion)
7.4. Recloser Market, Sub Segment Analysis
7.4.1. Up to 15 kV
7.4.2. 16-27 kV
7.4.3. 28-38 kV
Chapter 8. Global Recloser Market, by Insulation Medium
8.1. Market Snapshot
8.2. Global Recloser Market by Insulation Medium, Performance – Potential Analysis
8.3. Global Recloser Market Estimates & Forecasts by Insulation Medium 2020-2030 (USD Billion)
8.4. Recloser Market, Sub Segment Analysis
8.4.1. Oil
8.4.2. Air
8.4.3. Epoxy
Chapter 9. Global Recloser Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Recloser Market, Regional Market Snapshot
9.4. North America Recloser Market
9.4.1. U.S. Recloser Market
9.4.1.1. Phase Type breakdown estimates & forecasts, 2020-2030
9.4.1.2. Control Type breakdown estimates & forecasts, 2020-2030
9.4.1.3. Voltage Rating breakdown estimates & forecasts, 2020-2030
9.4.1.4. Insulation Medium breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Recloser Market
9.5. Europe Recloser Market Snapshot
9.5.1. U.K. Recloser Market
9.5.2. Germany Recloser Market
9.5.3. France Recloser Market
9.5.4. Spain Recloser Market
9.5.5. Italy Recloser Market
9.5.6. Rest of Europe Recloser Market
9.6. Asia-Pacific Recloser Market Snapshot
9.6.1. China Recloser Market
9.6.2. India Recloser Market
9.6.3. Japan Recloser Market
9.6.4. Australia Recloser Market
9.6.5. South Korea Recloser Market
9.6.6. Rest of Asia Pacific Recloser Market
9.7. Latin America Recloser Market Snapshot
9.7.1. Brazil Recloser Market
9.7.2. Mexico Recloser Market
9.8. Middle East & Africa Recloser Market
9.8.1. Saudi Arabia Recloser Market
9.8.2. South Africa Recloser Market
9.8.3. Rest of Middle East & Africa Recloser Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. ABB Group (Switzerland)
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Recent Developments
10.3.2. Hubbell IncorporatedHubbell (US)
10.3.3. Siemens AG (Germany)
10.3.4. Schneider Electric (France)
10.3.5. Eaton Corporation plc (Ireland)
10.3.6. NOJA Power Group Ltd. (Australia)
10.3.7. Brush Group Plc (England)
10.3.8. G&W Industries, Inc. Electric (US)
10.3.9. Entec Electric & Electronic Co., Ltd. (South Korea)
10.3.10. Tavrida Electric AS (Estonia)
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Market Size Estimation:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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