Press release
Recloser Control Market is Expected to Grow US$ 1.52 Billion by 2022|Top Technologies, Overview, Key Insights and Company Profiles
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The recloser control market is projected to reach from US$ 1.12 Billion in 2017 to US$ 1.52 Billion by 2022, growing at a CAGR of 6.22%, from 2017 to 2022. The increasing demand for electric power worldwide and rising investments in smart grids are driving the recloser control market across the world.
Top Key Players in the “Recloser Control Market” report include are
• Eaton (Ireland)
• Schneider (France)
• NOJA Power (Australia)
• Tavrida (Switzerland)
• ABB (Switzerland)
• Hubbell (US)
• Siemens (Germany)
• S&C (US)
Three-phase reclosers control have been predominantly used in industrial applications due to their large power-carrying capacity and suitability for operations of heavier electrical equipment. They are used in three-phase distribution systems. Asia Pacific, South America, and the Middle East are expected to show high growth rates in the three-phase distribution segment, owing to the increasing demand for three-phase power from industries in India, China, Brazil, Saudi Arabia, and Argentina.
North America is the second largest market for recloser controls followed by Europe and the Middle East. The US Department of Energy is going to implement smart grids across the US, Canada, and Mexico, which will drive the recloser control market in the region.
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The Study Objectives of this report are:
• To provide detailed information regarding the major factors influencing the growth of the recloser control market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the recloser control market with respect to individual growth trends, future projections, and the contribution of each segment to the market
• To track and analyze competitive developments such as contracts & agreements, new product launches, expansions & investments, and partnerships & collaborations in the recloser control market
• To profile key players and comprehensively analyze their market ranking and core competencies
Target Audience:
• State and national regulatory authorities
• Transmission and distribution utilities
• Power generation plants
• Consulting companies and associations in the energy and power sector
• Government and research organizations
• Recloser control manufacturers
• Engineering, procurement, and construction companies in the distribution sector
• Investment banks
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Research Coverage:
The report provides a picture of the recloser control market across the power industry and regions. It aims at estimating the market size and future growth potential of the market across different segments such as voltage, phase, type, and region. Furthermore, the report also includes an in-depth competitive analysis of key players in the market along with their company profiles, recent developments, and key market strategies.
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