(EnergyIndustry.Net, December 10, 2019 ) The report "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" indicates that the global recloser market size (including the sectionalizer market) is expected to grow from an estimated USD 2.1 billion in 2017 to USD 2.7 billion by 2022, at a CAGR of 4.9%. The primary reason behind the growth of the market is the increasing urbanization & industrialization, expanding distribution network and growing distribution automation for power quality and reliability.
The segment that is expected to grow with the largest share of the recloser market is the electronic segment
The recloser market is divided into two segments namely electric and hydraulic. The electronic segment has features like great flexibility, automation functionality, advanced protection and ease of programming (as compared to the hydraulic recloser control). Due to these features, this segment is expected to grow the most in the reclosure market. Europe and North America have demands for replacement of old installations and grid modernization. The factors that are expected to drive the market further are investments in distribution automation and the capacity enhancement trending worldwide. Furthermore, this particular reclosure is highly customizable and has an extensive range of accessories that would further contribute to solving several application problems.
The sectionalizers industry is expected to grow at the fastest rate in the year 2017 – 2022
The sectionalizer industry is expected to have the fastest growth rate in the year 2017 – 2022. The voltage segmented in this industry is up to ratings of 15 kV, 16–27 kV, and 28–38 kV. The voltage rating up to 15 kV is expected, especially to grow at the fastest rate. The reason behind this is because this voltage rating is the most commonly used voltage in the distribution lines for residential areas. Therefore, with the increasing urbanization and the growth of the commercial buildings and the residential sectors, the growth of the recloser and sectionalizer would be accelerated in the developing countries. Other reasons behind driving the recloser market include distribution automation and an increase in investment in smart grids.
The market that is expected to lead the market for reclosers in the Asia Pacific
The Asia Pacific is among the five regions (including North America, Europe, Latin America, and the Middle East and Africa) that the recloser market has been analyzed. It is expected to lead the market for reclosers. The reason behind this particular lead in growth is due to the anticipation of a bunch of activities that will take place in Asia Pacific during the forecast period. These activities include the new installation of distribution lines, increasing the inefficiency of existing distribution infrastructure, and refurbishment of the older distribution system.
The elements that are likely to drive the market in the Asia Pacific are:
● The expanding demand for electrical energy which is a direct result of the growing industrialization and urbanization.
● The growing investments in smart grid technologies that include distribution automation.
There are a few key players in the recloser market that are mentioned in the report to enable a deep-dive understanding of the competitive landscape. Most of the players in this industry are global multinational companies. Some of the leading players in the reclosure market include ABB (Switzerland), Schneider (France), NOJA Power (Australia), Siemens (Germany), and Eaton (Ireland). The developing economies have markets that are being analyzed by leading players and they are working towards adopting various strategies (like expansion strategies to capture larger shares, new product launches, etc.) to increase their recloser market share.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.