Recloser Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Recloser Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : February, 2020 | Energy & Mining | PPT format

Report Digest


Global Recloser market: Overview

Reclosers refer to circuit breakers, which are mounted on long distribution feeders. The capability of circuit breakers to isolate or cut-off a part of the entire line in case of failures and overloads is likely propel global recloser market over the tenure of assessment. Reclosers come with the ability to restore power automatically and quickly in situations of faults or power disruptions.

The global recloser market has been split on the basis of six parameters, which are phase, control, interruption, voltage rating, and region. The main objective of providing such a comprehensive report is to provide a deep insight into the market.

Global Recloser market: Notable Developments

The global recloser market has been faced many and developments in the last few years. The market developments indicate toward a trend and give a glimpse of the growth factors pertaining to the market. One of such developments in the market is mentioned below:

  • In May 2019, GandW Electric Co., leading supplier of electric power equipment, announced that it has already finished the construction of its second facility building in Bolingbrook, Illinois. This facility is just adjacent to its headquarters. With this facility, the company aims is to better the manufacturing capacity of the company to cater to the increasing customer demand.

Some of the key market players of the global recloser market are

  • NOJA Power Switchgear Pty Ltd
  • ENTEC Electric G&W Electric
  • Hughes Power System AB
  • S&C Electric Company
  • Schneider Electric SE
  • Tavrida Electric India Private Limited

Global Recloser market: Growth Drivers

Increased Demand for Disruption-free Flow of Electricity to Spur Demand

The global reclosers market is likely to derive momentum from the rising number of distribution lines across the globe. Growing regulatory focus toward the supply of uninterrupted power together with secured and safe operation of electrical networks is likely to trigger expansion of the global recloser market over the tenure of projection. Easy and rapid installation together with better mechanical protection and space savings facility is expected to trigger growth of the global reclosers market.

Reclosers find abundant use in the safeguarding of single-phase lines. In addition to that, expansion of educational premises, offices, communication and data centers, and public apartments are likely to escalate demand for reclosers in the years to come.

Increased measures to diminish power outages, electrical supply faults, and various other operational hazards owing to the emergence of trouble on electric lines are prophesized to further will further fuel growth of the global reclosers market.

In addition to that, the global recloser market has gathered momentum riding on the back of rapid urbanization, stable economic growth together with improved initiatives to develop an efficient and effective network of power distribution.

Global Recloser Market: Regional Outlook

The inefficiency of the already existing distribution infrastructure together with fresh installation of distribution lines is expected to bolster demand of reclosers in the Asia Pacific region. Growing demand for electrical energy owing to rapid industrialization and urbanization is likely to offer scope of development for the Asia Pacific recloser market in the years to come. Furthermore, increased investment made in smart grid technologies, which comprises distribution automation is likely to emerge as another important growth factor for the Asia Pacific recloser market in the years to come.

The global recloser market is segmented as:

Phase

  • Single phase
  • Three Phase

Control

  • Electronic
  • Hydraulic

Interruption

  • Oil
  • Vacuum

Voltage Rating

  • 15 kV
  • 27 kV
  • 38 kV

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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