Pune, India, September 2019, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Recloser Control Market.
The global recloser control market size is projected to be USD 1.75 Billion by 2025, with ~6.49% CAGR during the forecast period, 2019–2025. A recloser is an automatic high voltage electric switch. These reclosers have two types of control system, namely hydraulic control and electric control.
GLOBAL RECLOSER CONTROL MARKET, 2019–2025
In 2018, Asia Pacific dominated the global recloser control market in terms of share: MRFR
The global recloser control market has been segmented into five regions, which are Europe, North America, South America, Asia-Pacific, and the Middle East & Africa. Asia Pacific is expected to grow at the highest rate due to the growing industrialization and rising automation for power distribution quality and reliability in the countries such as India, China, and South East Asian countries would drive the demand for recloser control market. For instance, in May 2018, Schneider Electric (France) signed an agreement with Larsen and Toubro Ltd to buy its electric and automation business (L&T E&A) and combine it with Schneider Electric India’s Low voltage and industrial automation product business. This would increase the installation of recloser control in Asia-Pacific.
North America is poised to be the second largest market for recloser control, owing to the growing concern for upgrade of existing T&D network in US, Canada, and Mexico. For instance, as per the T&D World, in Julu 2019, Georgia Power (US) stated its plans to invest more than USD 4.1 billion in expanding transmission & distribution infrastructure to strengthen the reliability of the electric grid. Similarly, in 2017, First Energy Corporation (US) announced its plans to spend heavily on transmission and distribution system upgrade and modernization in Ohio, New Jersey, New York, and other places in the US. This would increase the installation of recloser control in North America.
The recloser control market in Europe is expected to be dominated by Germany owing to an increase in the power generated from renewable energy resources, growing automation in power sector, and replacement of existing T&D network.
The recloser control market within the Middle East & Africa is dominated by Saudi Arabia due to growing power demand and use of recloser control in the distribution system.
The recloser control market in South America is on the rise due to the rising investment in the improvement of power network reliability in countries such as Brazil, Argentina, Chile, and others. Moreover, Brazil is expected to dominate the recloser control market in South America due to ongoing investments in T&D lines.
The global recloser control market has been segmented based on type, phase, voltage rating. Based on type, the global market includes electric control and hydraulic control. The electric control segment is expected to have the largest share in the global recloser control market and is likely to grow at the fastest rate. The global market is segmented by voltage rating as Up to 15kv, 16-27 kv, and 28-38 kv. The up to 15kv segment is expected to grow with the highest CAGR during the forecast period due to its extensive application in distribution network in residential sector.
The global recloser control market is expected to grow at 6.49% CAGR during the forecast period.
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Scope of the Report
This report provides an in-depth analysis of the global recloser control market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and share for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global recloser control market by type, voltage range, end-use, and region.
The key players operating in the global recloser control market are G&W Electric (US), ABB (Switzerland), Eaton (Ireland), Beckwith Electric (US), Schneider (France), Hubbell (US), General Electric (US), Noja Power (Australia), Tavrida (china), Entec (US), and SEL (US), and others.