Recloser Market Research Report: Segmented by Phase Recloser Type - Single, three, triple, Recloser Control Type - electric, hydraulic, micro-processor base, Voltage type - High, medium, low, Insulation type - Oil, air, epoxy – Forecast till 2023

Market Scenario
Reclosers are the power equipment which are high-voltage, automated electric switches. Reclosers are capable of detecting the trouble in the electric line, automatically and remove the fault in the electric line. The recloser resets the temporary problem automatically and restores the electric power. In case of trouble re-occurrence of more than three times, the recloser shuts off the power to prevent the line from any accident.

The global power value chain industry is witnessing an exponential growth by due to increasing power demand due to increase in urbanization and industrialization from developing economies. The power sector is majorly moving towards the private sector with less state control. With more and more players entering the power market, many technologies have been introduced in the power generation, transmission and distribution sector to come up with unique products and technology.

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One of major drawbacks that the power industry is facing is the old infrastructure and scarcity of distribution network around the nations. At the end of 2016, only 87%, of total global population had access to electricity. Another drawback that pertains in the power downstream sector is the poor reliability of infrastructure that is the basic reason for electrical hazards.
One of the prime methods to increase the service reliability in the electricity distribution network is the installation of automatic circuit breaker, the reclosers.

Global recloser market is anticipated to augment in near future due to various factors including privatization of power distribution business, technological advancement across the power value chain, widening of power distribution network, and globally increasing power generation capacity. One of the main concerns about power distribution has always been accidental circuit breaks, which causes damage to appliances and property. For instance, a normal circuit breaker will cut out in case of any disturbance in the load balance while the reclosers serve completely by automatic testing of trouble, protection, automation, metering, and data acquisition functionality to maximize system performance in the electrical distribution system, and reduce customer outages.

The primary function served by the installation of recloser technology is the detection of cause of interruption and fault in the distribution lines, cutting out the current, and restoring the current supply after period of the fault is over. This is fulfilled by a variety of recloser available in the market that work accordingly in a particular type of fault. Reclosers enhance the operational sustainability of the distributional systems by making use of phase recloser and recloser controls that work on the basic principle of automation.
Global recloser market has been segmented based on phase recloser type, insulation type, voltage rating type, control type, and by region.

Based on phase recloser type, products are classified as single-phase recloser, three-phase recloser and triple phase recloser. Three phase recloser are expected to gain more profit due to their technological advantage over single-phase recloser. Three phase reclosers have huge power to weight ratio, therefore having smaller size and also the requirement for conductor material is lesser in three-phase recloser, making it a feasible option over single-phase recloser. Based on insulation type, recloser market is segmented as oil-insulated reclosers, gas-insulated recloser, and epoxy-insulated recloser.

Since epoxy insulated reclosers are permanently flexible, and have hydrophobic prevention, these are mainly used for installations. Based on the voltage rating type, the recloser market is classified as High voltage recloser, medium voltage recloser and low voltage recloser. High voltage recloser fulfills the purpose of handling trouble at level of 38 kV and are used in substations, convertor stations. The recloser market is further segmented on the basis of control type, which include electrical control, hydraulic control and micro-processor control based technology.

The recloser market industry is anticipated to have profits in the near future because of factors such as increased electricity demand and increasing investments in the power distribution services from the fast-growing economies. The market for recloser technology is expected to benefit from the high growth of countries such as India, Japan, and China, and from Mid-East countries.

Global Recloser market is expected to expand at ~ 6% CAGR during the forecast period.

Market Segmentation

Global Recloser Market
The growth of reclosers is going to be mainly influenced by the expanding investment in the power distribution sector and technology around the global power industry. The distribution system has been experiencing conventional obsolete infrastructure and scarce distribution network. Recloser technology is implemented by the distribution companies for avoiding the incidents relating to load imbalance and short circuits. The advanced reclosers can efficiently handle the three consecutive faults consecutively at 80%, 50%, and 30% clearance probability, respectively. However, higher installation costs and the instances of operational failures hinder the increased implementation of recloser technology.

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Key Players
The key players of global Recloser Market are ABB (Switzerland), Eaton (Ireland), Siemens (Germany), G&W (China), General Electrics (U.S.), Schnieder (France), Noja Power (U.S), Stelmec (India), and Arteche (Spain). Entec Electric and electronic (Korea), Solomon Corp. (U.S), Hughes Power System (Sweden), and Ergon Energy (Australia) are among others.

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