The global reclosers market is likely to derive growth from the increasing number of distribution lines across the world. According to a report by Fortune Business Insights, titled “Recloser Market Size, Share and Global Trend by Voltage Type (Low Voltage, Medium Voltage, High Voltage), By Control Type (Electric, Hydraulic), By Phase (Single Phase, Triple Phase, Others), and Geography Forecast till 2026,” the market will benefit from the increasing demand for electric reclosers.
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Some of the leading companies that are operating in the global reclosers market are:
- General Electrics
- Noja Power
- Stelmec and Arteche
- Entec Electric and electronic
- DNK (Xiamen) Electric Co.
- Solomon Corp.
- Hughes Power System
- Ergon Energy
Key Market Driver – Increasing distribution automation for power reliability
Key Market Restraint – Increasing competition from the unorganized sector.
Reclosers are circuit breakers that are mounted on long distribution feeders. The ability of circuit breakers to cut-off or isolate a section of the line in case of overloads and failures. Reclosers possess the ability to restore power automatically in situations of faults or power disruptions. The reclosers are an integral part of power distribution lines and are vital for the safety of distribution lines spread over public places. The improved power distribution activities such as maintaining quality, enhanced efficiency, and increasing the reliability of these lines have led to increased adoption for the products across the world. The growing adoption and increased demand for reclosers will constitute an increase in the global reclosers market size in the forthcoming years.
For more information in the analysis of this report, visit https://www.prnewswire.com/news-releases/recloser-market-to-reach-usd-2-92-billion-by-2026-launch-of-recloser-products-by-eaton-to-foster-healthy-growth-says-fortune-business-insights-300977503.html
Key Industry Developments
- In Dec 2018, ABB got an order worth of D90 million from Dubai Electricity and Water Authority (DEWA), a leading power utility in United Arab Emirates (UAE). The order is to build the substation to strengthen Dubai’s power grid and reduce carbon footprint.
- In March 2019, Siemens got selected by Nepal Electricity Authority (NEA) at its Load Dispatch Centre (LDC) located in Kathmandu for upgradation of its 15-year-old Supervisory Control and Data Acquisition/Energy Management System (SCADA/EMS).
- In May 2019, Global electric power equipment supplier, G&W Electric announced that it has completed construction of its second facility building in Bolingbrook, IL. which is next door to the headquarters. The aim is to increase the company’s manufacturing capacity to meet growing customer demand.
Advancements in Distribution Lines to Create Opportunities for Market Growth
The recent advancements in distribution lines due to industrial expansion in several countries across the world will lead to a subsequent increase in the demand for reclosers. The growing demand for reclosers will have a direct impact on the growth of the global market. In 2018, ABB got an order worth USD 90 Mn for the development of power utilities in UAE. The power utility and substation will strengthen the company’s position in the global market. The report includes company developments, similar to the aforementioned activity and gauges the impact of these developments on the global reclosers market.
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
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1. By Voltage Type
- Low Voltage
- Medium Voltage
- High Voltage
2. By Control Type
3. By Phase
- Single Phase
- Triple Phase
4. By Geography
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
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Major Table of Content For Recloser Market:
5. Global Recloser Market Analysis (USD Billion), Insights and Forecast, 2015-2026
5.1.Key Findings / Summary
5.2.Market Analysis, Insights and Forecast – By Phase
5.3.Market Analysis, Insights and Forecast – By Control
5.4.Market Analysis, Insights and Forecast – By Voltage
5.5.Market Analysis, Insights and Forecast – By Interruption Type
5.6.Market Analysis, Insights and Forecast – By Region
5.6.4.Middle East & Africa
6. North America Recloser Market Analysis (USD Billion), Insights and Forecast, 2015-2026
6.1.Key Findings / Summary
6.2.Market Analysis, Insights and Forecast – By Phase
6.3.Market Analysis, Insights and Forecast – By Control
6.4.Market Analysis, Insights and Forecast – By Voltage
6.5.Market Analysis, Insights and Forecast – By Interruption Type
6.6.Market Analysis, Insights and Forecast – By Country
7. Europe Recloser Market Analysis (USD Billion), Insights and Forecast, 2015-2026
7.1.Key Findings / Summary
7.2.Market Analysis, Insights and Forecast – By Phase
7.3.Market Analysis, Insights and Forecast – By Control
7.4.Market Analysis, Insights and Forecast – By Voltage
7.5.Market Analysis, Insights and Forecast – By Interruption Type
7.6.Market Analysis, Insights and Forecast – By Country
7.6.7.Rest of Europe
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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