DUBLIN--(BUSINESS WIRE)--The "Recloser Control Market by Type (Electric and Hydraulic), Phase Type (Three-Phase, Single-Phase, and Triple-Single Phase), Voltage (Up to 15 Kv, 16 kV-27 Kv, and 28 kV-38 Kv), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The global recloser control market is estimated to reach a size of USD 1.12 billion in 2017 and is expected to grow at a CAGR of 6.22% to reach USD 1.52 billion by 2022.
In this report, the recloser control market is segmented by type into electric and hydraulic recloser controls. The electric recloser control segment is estimated to hold the majority of the market share. These recloser controls are extensively used by utilities in their distribution networks. North America and Europe currently have a market for grid modernization and replacement of old installations and investments in distribution automation across the globe is expected to drive the market.
In this industry, most players are global multinational companies. Some of the leading players in the recloser control market include Eaton (Ireland), Schneider (France), Siemens (Germany), Tavrida (Switzerland), and NOJA Power (Australia). These players have adopted growth strategies such as product launches, contracts & agreements, and expansions to capture a larger share in the recloser control market.
- 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
- High Cost of Recloser Controls
- Lack of Investments by Governments in Grid Stability
- Increasing Investments in the Smart Grid Vision
- Implementation of Performance-Based Incentive Schemes and Guaranteed Service Programs
- Increasing Competition From the Unorganized Sector
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Recloser Control Market, by Type
7 Recloser Control Market, by Phase
8 Recloser Control Market, by Voltage Rating
9 Recloser Control Market, by Region
10 Competitive Landscape
11 Company Profiles
- Beckwith Electric
- Noja Power
- Schneider Electric
For more information about this report visit https://www.researchandmarkets.com/research/ddtb8k/global_recloser?w=4