Recloser Market Size, Share & Industry Analysis, By Phase (Single-Phase, Three-Phase, Others), By Control (Electric, Hydraulic, Others), By Voltage (Low Voltage, Medium Voltage, High Voltage), By Interruption Type (Oil, Vacuum), and Regional Forecast, 2019-2032

The global recloser market size was valued at USD 1.89 billion in 2018 and is projected to reach USD 4.16 billion by 2032, exhibiting a CAGR of 5.87% during the forecast period of 2019-2032. The Asia Pacific dominated the recloser market with a share of 38.62% in 2018.

The key factors fueling the energy demand is the growing urbanization and technological development, which enables more industrialization and commercialization in the country. Development in industries has a vital role in the economic growth, which comprises of competition scenario, spending capability of consumers, merger & acquisitions, partnership & collaboration, investments, and expansion of new projects. Increasing demand for power enables the utilities to build more transmission & distribution networks resulting in the adoption of more reclosers in the power industry.

Overcurrent protection and automatic fault isolation are the primary objectives served by the reclosers in feeders and substations. Advanced operational features and advantageous applications had posed the recloser devices at a growing phase. Hence, increasing power demand from the residential and commercial sector, expansion of transmission and distribution network, rising investment in the generation of power from renewable energy, and growth in distribution automation for strengthening the grid are the major factors boosting the recloser market growth during the forecast period. Technological advancement in the microprocessor system will create growth opportunity for the market in the foreseeable future.

The market in Asia Pacific is predicted to remain dominant during the forecast period. The growth witnessed in the region is due to increasing industrialization and urbanization. According to the World Investment Report 2018, developing economies had poised a growth in foreign direct investment worth USD 671 billion in the year 2017. Additionally, the surge in urbanization is likely to fuel consumer demand from the manufacturing sector, which propels the demand for reclosers during the forecast period. In Asia-Pacific, growing renewable energy investments to achieve the targets has contributed to the growth in the recloser market. For instance, according to the UN environment association, China accounted for 32% of total global investment in renewable energy, followed by Europe at 21%, the U.S. at 17%, and Asia-Oceania at 15%. Hence, growing investments from renewable energy help the market to grow at a faster pace during the projected period.

MARKET DRIVERS

“Increasing Distribution Automation to Stimulate Growth of the Market”

Increasing investments in the deployment of distribution automation and grid modernizing projects have helped to increase the share of the recloser market, resulting from increases in the growth of the market. According to the International Energy Agency (IEA) report, USD 8.9 trillion is expected to get invested in electricity transmission and distribution (T&D) infrastructure for the forecast period 2016-2040. Hence, increasing development in technology for improving the power quality and reliability of the grid has enabled the companies to invest in research and development. These factors together are likely to fuel the demand for reclosers, which, in turn will aid the expansion of the market.

“Expansion of Transmission and Distribution Network to Bolster Growth of the Market”

The surge in power consumption has led to the construction of transmission and distribution networks to cater to the demand for power. For instance, in December 2017, Sterlite Power has received a contract of laying 1,800 km power transmission project worth USD 800 million in Brazil. in Europe, the rising investment in the transmission and distribution sector will contribute positively to the recloser market revenue. According to the European Energy Industry Investments report 2017, under the national policy scenario, it is projected to have an investment of USD 295 billion and USD 290 billion in transmission and distribution infrastructure in the year 2021-2030 and 2031- 2040 respectively.

SEGMENTATION

 By Phase Analysis

“High Adoption Of Three-Phase Reclosers To Aid Market Growth”

Based on the phase segment, the recloser market is segmented into single-phase, three-phase, and others. Three-phase reclosers are mostly deployed in the transmission and distribution sector in the power industry. Increasing investment in grid transmission and distribution projects to fuel demand for three-phase reclosers. The single-phase segment is expected to emerge steadily owing to its deployment in power sub-stations and feeders. The others segment comprises of single triple-phase which closes trips and locks each phase mechanically.

By Control Analysis

“Increasing Acceptance Of Electric Reclosers To Boost Market Revenue”

Based on the control segment, the market is segmented into electric, hydraulic, and others. Did you mean the rising demand for electric segment owing to its operational features, such as it offers higher feasibility, reliability, and accuracy in operation. It is easily customized and has advanced protection, metering, and automation functions. Other segment includes microprocessor-based and electronic control reclosers. It provides advanced featured operating capability such as it provides analytic tools, which includes fault location, event recording, and oscillography functions.

The hydraulic recloser segment is also used in most of the single-phase reclosers and some three-phase reclosers by sensing the overcurrent through trip coils. The increasing adoption rate of electric recloser among utilities and associated advantageous features holds the largest market share among the other segments during the forecast period.

By Voltage Analysis

“Rising Demand For Low Voltage Reclosers To Augment Market Growth”

Based on the voltage segment, the recloser market is categorized into low voltage, medium voltage, and high voltage segment. The low voltage segment is projected to hold the largest market share in the global market due to the wide application of low voltage reclosers in substations and feeders for overcurrent protection and fault isolation. Medium voltage and high voltage segments are also rising at a faster pace owing to the increasing expansion of transmission and distribution networks. Significant demand in residential applications in the distribution network and growing residential and commercial sectors in developing economies to propel the market for low voltage segments during the forecast period.

By Interruption Type Analysis

“Advantageous Features Of Vacuum Segment To Fuel The Demand”

Based on the interruption type, the market is segmented into oil and vacuum type. The vacuum type segment is leading the market owing to its advantageous features. Some of the features are better arc quenching property, improved reliability, cost-efficient, environment-friendly, and easily recyclable technology. Oil interrupting reclosers are used in power stations and feeders, which require regular maintenance. Reduction of the customization capabilities, oil property varies with change in temperature, and non-programmable features will drive the demand for the oil recloser market at a slower pace during the forecast period.

REGIONAL ANALYSIS

Asia-Pacific to emerge dominant in the market owing to the rising infrastructure and investments. The increasing rate of industrialization, expansion of transmission and distribution network, and growing renewable power generation are the major factors expected to boost the recloser market trends in Asia Pacific. According to the Renewables 2018 report, the global investment in renewable energy accounted for USD 279.8 billion, with an increase of 2% higher from the year 2016. The substantial potential in producing power, as well as replacing the aging power infrastructure for strengthening the grid projects in North America, may boost the market in the region. European countries have a substantial contribution to industrialization, consequently contributes to the economic progress of the region. UK, Germany, Norway, Italy, and Russia are the major countries involved in the growth of Sustainable industrialization in Europe.

Currently, Asia-Pacific exhibits robust economic growth owing to rapid development in industrialization and commercialization, majorly ascribing from China, India, Japan, Australia, and Indonesia. China is consistently looking forward to increasing its significance in the global economy. It is projecting to increase its power generation capacity from renewable energy to meet the global targets to curb greenhouse emissions. For instance, China’s significance in energy markets shifts toward clean generation technology, which drives the trending demand for distribution infrastructure. According to the International Energy Agency,  China had aimed to cater to 20% of its energy demand by low-carbon sources by 2030. India has also introduced new policies and targets to expand its transmission and distribution network. For instance, according to central electricity authority, 66.5GW of renewable energy has been planned for transmission Infrastructure, which would help the recloser market to grow at a faster pace during the forecast period.

INDUSTRY KEY PLAYERS

“Highly Fragmented Market Led By Major Market Players”

The recloser market is highly dominated by Eaton, Noja Power, ABB, and Arteche, among other players in the competitive market. Manufacturers are integrating the reclosers with advanced features such as cyber-security, real-time monitoring and control, interoperability, and functioning of demand response, which makes it a smart recloser. For instance, ABB provides the RER620 model, which provides enhanced safety, more flexibility, ease of integration, and reduced operating costs. Hence growing development in technology holds the market players at an edge of competition, which drives the market during the projected period.

LIST OF KEY COMPANIES PROFILED :

• ABB


• Eaton


• Schneider Electric


• Siemens


• S&C Electric Company


• G&W Electric Co.


• NOJA Power


• ENTEC Electric & Electronic


• Tavrida Electric Global


• Arteche


• BRUSH Group


• Iljin Electric


• GE


• Hughes Power System


• Solomon Corporation

REPORT COVERAGE

The growing population, along with increasing electrification, drives the demand for power consumption. Additionally, an increase in industrialization and commercialization also increases the power demand. Rising focus on augmenting power generation from renewable energy sources also upticks the demand for power. Hence, various factors are propelling the demand for electricity, which helps to grow the market for power infrastructure. Supportive government regulations and an upsurge in investments in transmission and distribution networks have helped the industry to grow at a faster pace, which accelerates the demand for the market during the forecast period. In the projected year, the global outlook for reclosers seems to be very favorable as some of the leading players are making investments and incorporating new advancements in technology that is likely to drive the recloser market.

The report provides qualitative and quantitative insights on the market and detailed analysis of the market size & growth rate for all possible segments in the market. The market is segmented by phase, control, voltage, interruption type, and region. By phase, the market is divided into single-phase, three-phase, and others. By the control segment, it is categorized into electric, hydraulic, and others. Based on the voltage segment, it is classified as low voltage, medium voltage, and high voltage. Based on the interruption type segment, it is segmented into oil and vacuum. Geographically, the global market has been analyzed in North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa.

Along with this, the report provides an elaborative analysis of the recloser market dynamics and competitive landscape. Various key insights presented in the report are the recent industry developments in this market, such as mergers & acquisitions, the regulatory scenario in crucial countries, macro and microeconomic factors, SWOT analysis, and key industry trends, competitive landscape, and company profiles.

Report Scope & Segmentation

INDUSTRY DEVELOPMENT:

• In July 2021, CPS Energy launched a 4-year Accelerated Recloser Deployment Program, wherein the company will install 144 recloser devices throughout San Antonio, Texas. CPS Energy firmly believes that this program will help it sectionalize its circuits for better control and focus, test faults in grids, enhance reliability and resilience.


• In April 2021, Inmarsat launched a whitepaper stressing the importance of satellite monitored reclosers for remote locations. The company suggests that the BGAN M2M service operated on Inmarsat’s L-band network is the ideal satellite network for recloser monitoring control as it provides up to 99.9% uptime, in any continental location aside from the far poles, even in adverse weather conditions. 


• In April 2021, OMICRON hosted a live Virtual 6th Annual Recloser & Distribution Automation Workshop to bring together manufacturers for reclosers and recloser controls and utilities to share their experiences and knowledge in reclosers, testing, and distribution automation. 


• In December 2020, Potomac Edison completed the upgrade of 15 substation reclosers in Maryland. The new reclosers utilize a single-phase technology, which helps isolate faults while maintaining electricity flow.


• In October 2020,  S&C Electric Company and Western Power Distribution (WPD) completed the installation of the first S&C TripSaver® II Cutout-Mounted Recloser in the United Kingdom. The installation is anticipated to respond to temporary faults quickly that occur in the region due to various environmental challenges.