-- Global Market Insights, Inc., has predicted that global recloser market size would surpass an annual valuation of $2 billion by 2025.
2018 Market Size – USD 1.5 Billion
Compound annual Growth Rate (CAGR)- 6%
2025 Forecast Value – USD 2 Billion
Reclosers have been around for several decades and have been a norm for almost all electric utilities, but the product is gaining considerable momentum today primarily on the backs of modern-day reclosing systems. Modern reclosers boast of open times that are as low as 100 milliseconds, which enable power quality devices like clocks and microwaves to not be affected by issues such as momentaries, sags and feeder interruptions.
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Driven by increased electricity consumption across emerging economies and ageing infrastructure in developed nations, recloser market has gained sizable traction over the last few years. Recognized by electric utility companies across the world as devices that are essential for facilitating maximum continuity of electric services economically and easily to customers, reclosers have become a crucial building block for any power infrastructure. Expanding power grids and upgradation of existing infrastructure will propel revenues for recloser industry imminently.
• Pages: 420
• Tables: 906
• Charts / Figures: 29
• Companies covered: 15
• Countries covered: 42
While power demands have climbed significantly across the world, Asia Pacific has seemingly accounted for majority of the consumption increase. A rapidly growing population, increasing electrification and rising per-capita usage would be driving power demands in the region over the forthcoming years as well, creating substantial prospects for APAC recloser market. Reportedly, the Association of Southeast Asian Nations (ASEAN) represents a highly-dynamic section of the global energy system. In fact, the region’s power demands have increased by almost 60% over the previous 15 years.
Several Asian countries are currently experiencing various stages of economic development and while they boast of their own unique consumption patterns and energy-resource endowments, they all face a common challenge of supplying power in an affordable, secure and sustainable manner. Reclosers, owing to their ability to facilitate reliability to the a power infrastructure in a cost-effective way, would help in addressing these challenges considerably, fueling growth for APAC recloser industry.
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IEA has informed that approximately 65 million people across ASEAN countries live without electricity. The drive to establish a competent power infrastructure for this demographic would be propelling demands for APAC recloser market. Meanwhile, India would be emerging as a promising revenue source in the coming years, since the country still had more than 31 million homes that lack access to electricity as of 2018. Ongoing government efforts to bring these homes into the fold would be another growth factor propelling APAC recloser market size over the projected period.
According to the Indian Brand Equity Foundation, the Indian Government has also drawn a roadmap to attain a 175 GW power capacity from renewable energy by 2022. Integrating the mammoth 175 GW capacity with the nation’s power grid would call for significant alterations to the network, creating more opportunities for the APAC recloser industry to ensure the long-term trustworthiness of the infrastructure.
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Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:
• NOJA Power
• Schneider Electric
• Tavrida Electric
• Eaton
• Hughes Power System
• Hubbell
• ABB
• G&W Electric and Ensto
Owing to augmented power consumption across APAC, specifically the ASEAN region, and the ongoing government initiatives to make access to electricity more universal, the remuneration graph of recloser industry is poised to show substantial gains. In fact, Global Market Insights, Inc., has predicted that global recloser market size would surpass an annual valuation of $2 billion by 2025.
Partial Table of Contents (ToC) of the report:
Report Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimates & forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Recloser industry 3600 synopsis, 2014 – 2025
2.1.1 Business trends
2.1.2 Phase trends
2.1.3 Control trends
2.1.4 Interruption trends
2.1.5 Voltage rating trends
2.1.6 Regional trends
Chapter 3 Recloser Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014 – 2025 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor Matrix
3.4 Regulatory landscape
3.4.1 U.S.
3.4.1.1 ANSI
3.4.1.1.1 ANSI C37.85-2002 (R2010)
3.4.1.2 IEEE
3.4.1.2.1 IEEE C37.60/ /IEC 62271-111-2018
3.4.1.2.2 C37.61-1973
3.4.1.3 IEC
3.4.1.3.1 IEC 60255-26:2013
3.4.1.3.2 IEC 60255-21-1:1988
3.4.1.3.3 IEC 60255-21-2:1988
3.4.1.3.4 IEC 60255-21-3:1993
3.4.2 Europe
3.4.2.1 UK
3.4.2.1.1 Electricity Policy Document EPD321
3.4.2.2 France
3.4.2.2.1 Directive 2009/72/EC
3.4.2.3 Russia
3.4.3 China
3.4.3.1 Electric Power Law of the People’s Republic of China
3.4.4 India
3.4.4.1 The Electricity Act, 2003
3.5 Innovation and technology landscape
3.6 Price trend analysis
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.1.1 North America
3.7.1.1.1 Refurbishment of existing grid networks
3.7.1.1.2 Rising electric infrastructure spending
3.7.1.2 Europe
3.7.1.2.1 Rapid smart grid adoption
3.7.1.3 Asia Pacific & MEA
3.7.1.3.1 Increasing demand for electricity
3.7.1.3.2 Rising need for efficient power distribution network
3.7.1.4 Latin America
3.7.1.4.1 Increasing demand for sustainable electrical networks
3.7.2 Industry pitfalls & challenges
3.7.2.1 Availability of cheap alternatives of reclosers
3.8 Growth potential analysis
3.9 Comparative analysis between recloser and circuit breaker
3.10 Key customer requirement
3.11 Entry barriers
3.12 Porter’s Analysis
3.13 Competitive landscape, 2018
3.13.1 Strategy dashboard
3.13.1.1 Schneider Electric
3.13.1.2 Eaton Corporation
3.13.1.3 ABB
3.13.1.4 Hubbell Incorporated
3.13.1.5 Arteche
3.13.1.6 S&C Electric Company
3.14 PESTEL Analysis
Chapter 4 Recloser Market, By Phase
4.1 Recloser market share by phase, 2018 & 2025
4.2 Single phase
4.2.1 Global market from single phase, 2014 – 2025
4.2.2 Global market from single phase, by region, 2014 - 2025
4.3 Three phase
4.3.1 Global market from three phase, 2014 – 2025
4.3.2 Global market from three phase, by region, 2014 - 2025
Chapter 5 Recloser Market, By Control
5.1 Recloser market share by control, 2018 & 2025
5.2 Electronic
5.2.1 Global market from electronic, 2014 – 2025
5.2.2 Global market from electronic, by region, 2014 - 2025
5.3 Hydraulic
5.3.1 Global market from hydraulic, 2014 – 2025
5.3.2 Global market from hydraulic, by region, 2014 - 2025
Chapter 6 Recloser Market, By Interruption
6.1 Recloser market share by interruption, 2018 & 2025
6.2 Oil
6.2.1 Global market from oil, 2014 – 2025
6.2.2 Global market from oil, by region, 2014 - 2025
6.3 Vacuum
6.3.1 Global market from vacuum, 2014 – 2025
6.3.2 Global market from vacuum, by region, 2014 - 2025
Chapter 7 Recloser Market, By Voltage Rating
7.1 Recloser market share by voltage rating, 2018 & 2025
7.2 15 kV
7.2.1 Global market from 15 kV, 2014 – 2025
7.2.2 Global market from 15 kV, by region, 2014 - 2025
7.3 27 kV
7.3.1 Global market from 27 kV, 2014 – 2025
7.3.2 Global market from 27 kV, by region, 2014 - 2025
7.4 38 kV
7.4.1 Global market from 38 kV, 2014 – 2025
7.4.2 Global market from 38 kV, by region, 2014 - 2025
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/recloser-market
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Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/recloser-market
Release ID: 88901741
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