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Global Recloser Market By Phase (Single Phase, Three Phase and Triple Single Phase), By Control Type (Electronic and Hydraulic), By Voltage (up to 15 KV, 16-27 KV and 28 -38 KV), By Region, Forecast & Opportunities to 2026

The global recloser market accounted for a value of USD 1.7 billion in 2019 and is projected to register growth at a CAGR of 4.3% during forecast period.

COVID-19 has impacted the recloser market. The oil & gas industry is adversely impacted due to this ongoing pandemic. The manufacturing industries have to halt its production activities due to lockdown. The supply chain is disrupted due to travel restriction. The ongoing projects are halted which has impacted recloser market significantly. This market will recover after all the projects start post COVID-19.

Definition:

Recloser can be defined as electric power or protector distribution network. It consists of a circuit breaker which detect a short circuit or over current network. Recloser is used in electronic overhead distribution systems in order to detect and stop temporary faults. It basically protects a power system from short circuit. It is a switch that can re-establish an electrical circuit either manually or automatically.

Market Dynamics (Drivers/Opportunities):

The requirement for an efficient power distribution network and for no manual intervention for restoring power is increasing around the world. Many companies are adopting recloser device for cost reduction at the time of an outage. This increases demand for recloser device and drives growth for this market during forecast period.

The demand for advanced grid protection and for control devices is increasing rapidly. The application of recloser is increasing in overhead distribution poles and grid substations and this increase demand for recloser device. The increase in electricity demand results in increase in investment in electric infrastructure around the world. This drives growth in recloser market during forecast period.

Market Insights, by Phase

On the basis of phase, the recloser market is segmented into single phase, three phase and triple single phase. The triple single phase segment is estimated to dominate the market during forecast period. The existing three-phase reclosers are getting replaced by triple single phase. Triple single phase is widely used in various regions such as North America etc. Triple single phase have improved system average interruption frequency index, which is a system index of the average frequency of interruptions in power supply and system average interruption duration index, which is the average duration of interruption per consumers during the year. Large amount is spending in this market over few years. This drives growth in triple single phase segment during forecast period.

Market Insights, by Voltage

On the basis of voltage, the recloser market is segmented into up to 15 KV, 16-27 KV and 28 -38 KV. The up to 15 KV segment is estimated to hold largest market share during forecast period. The up to 15 KV segment is largely used in rural distribution lines and residential applications. The industrialization and urbanization is increasing around the world. The application of this segment in commercial, industrial and residential is rapidly increasing and the investment is increasing in smart grid projects. Various countries such as India, China, South Korea and Australia are rapidly adopting this segment. This drives growth in up to 15 KV segment during forecast period.

Market Insights, by Control Type

On the basis of voltage, the recloser market is segmented into electronic and hydraulic. The electronic segment is estimated to dominate the market during forecast period. The features such as operational, easy customization and flexibility are likely to increase the demand of electronic recloser. The conventional hydraulic recloser is getting replaced by electronic recloser system around the world. This drives growth in electronics recloser market during forecast period.

Regional Insights

Asia-Pacific region is estimated to dominate the market during forecast period. The demand and adoption for recloser system is increasing as the demand for electrical energy is increasing in this region. The population is increasing rapidly and urbanization is increasing consumes high electricity. The industrialization is also increasing rapidly in this region. The need for power reliability is rising and investment in smart grid infrastructure projects is increasing. This results in high demand for recloser market and drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in recloser market are ABB, Eaton, Schneider Electric, Siemens, Hubbell, S&C Electric Company, Tavrida Electric, Entec Electric & Electronic, G&W Electric, Noja Power, Elektrolites, Ghorit Electricals, Hughes Power System, Brush Group, Ningbo Tianan Group and Arteche Group.

Segments Covered in the Report

This report forecasts The Global Recloser Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global recloser market report on the basis of phase, control type and voltage.

Recloser Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Recloser Market, By Phase, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Single Phase
  • Three Phase
  • Triple Single Phase
  1. Recloser Market, By Voltage, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • up to 15 KV
  • 16-27 KV
  • 28 -38 KV
  1. Recloser Market, By Control Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Electronic
  • Hydraulic
  1. Recloser Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Phase
    • By Voltage
    • By Control Type
    • By Country
      • USA
        • By Control Type
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Phase
      • By Voltage
      • By Control Type
      • By Country
        • Brazil
          • By Control Type
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Phase
        • By Voltage
        • By Control Type
        • By Country
          • UK
            • By Control Type
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Phase
          • By Voltage
          • By Control Type
          • By Country
            • China
              • By Control Type
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Phase
            • By Voltage
            • By Control Type
            • By Country
              • Saudi Arabia
                • By Control Type
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Arteche Group
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • ABB
    • Eaton
    • Schneider Electric
    • Siemens
    • Hubbell
    • S&C Electric Company
    • Tavrida Electric
    • Entec Electric & Electronic
    • G&W Electric
    • Noja Power
    • Elektrolites
    • Ghorit Electricals
    • Hughes Power System
    • Brush Group
    • Ningbo Tianan Group
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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