Global Recloser Market Forecasts 2018-2022 with Eaton, Schneider, Siemens, Tavrida, and NOJA Power Dominating - ResearchAndMarkets.com

DUBLIN--()--The "Recloser Market by Control (Recloser (Electric & Hydraulic) and Sectionalizer (Electronic & Programmable Resettable)), Phase (Recloser (Three, Single, & Triple Single) and Sectionalizer (Three & Single), Voltage, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The global recloser market (including the sectionalizer market) is estimated to reach a size of USD 2.14 Billion in 2017 and is further projected to reach USD 2.71 Billion by 2022, growing at a CAGR of 4.88% from 2017 to 2022.

Expansion of distribution network, increase in use of automated distribution techniques, and rise in the use of power protection equipment to increase reliability and reduce service outages are the main factors driving the recloser market globally.

The recloser report segments the market on the basis of control type into electric and hydraulic. The electric recloser segment is estimated to hold a major market share. These reclosers are extensively used by utilities in their distribution networks. North America and Europe currently have markets for grid modernization and replacement of old installations. Along with capacity enhancement trending worldwide, investments in distribution automation is expected to drive the market.

The sectionalizer market is segmented by voltage rating into up to 15 kV, 16-27 kV, and 28-38 kV. Sectionalizers with voltage rating up to 15 kV is expected to grow at the fastest rate during 2017 to 2022. Up to 15 kV sectionalizers are commonly used in the distribution lines for residential areas. The increase in investment in smart grids and distribution automation would drive the market for up to 15 kV sectionalizers.

Some of the leading players in the recloser market include Eaton (Ireland), Schneider (France), Siemens (Germany), Tavrida (Switzerland), and NOJA Power (Australia). These players have adopted growth strategies such as new product launches, contracts & agreements, and expansions to capture a larger share in the recloser market.

Market Dynamics

Drivers

  • Increasing Distribution Automation for Power Quality and Reliability
  • Expansion of T&D Networks
  • Growth in Renewable Power Generation
  • Upgradation of Existing Substations and Feeder Line Protection

Restraints

  • Increasing Competition from the Unorganized Sector
  • Availability of Cheap Alternatives of Reclosers and Sectionalizers
  • Lack of Investment By Governments in Grid Stability

Opportunities

  • Increasing Investments in Smart Grid Vision
  • Implementation of Performance-Based Incentive Schemes and Guaranteed Service Programs

Challenges

  • High Cost of Reclosers and Sectionalizers

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Recloser Market, by Phase Type

7 Recloser Market, by Control Type

8 Recloser Market, by Voltage Rating

9 Sectionalizer Market, by Phase

10 Sectionalizer Market, by Control Type

11 Sectionalizer Market, by Voltage Rating

12 Reclosers And Sectionalizers Market, by Region

13 Competitive Landscape

14 Company Profiles

  • ABB
  • Eaton
  • Elektrolites
  • Entec
  • G&W
  • Ghorit
  • Hubbell
  • Noja Power
  • S&C
  • Schneider Electric
  • Siemens
  • Tavrida Electric

For more information about this report visit https://www.researchandmarkets.com/research/v357gx/global_recloser?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900
Related Topics: Electricity , Electrical Switches

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Electricity , Electrical Switches