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Recloser Market Future Prospects 2027 | ABB, NOJA Power, Siemens, Schneider Electric, Eaton

03-18-2024 12:53 PM CET | Energy & Environment

Press release from: MarketsandMarkets

Recloser Market Future Prospects 2027 | ABB, NOJA Power,

According to a new market research report, the global recloser market is expected to reach USD 1.3 billion by 2027 from an estimated USD 1.0 billion in 2022, at a CAGR of 5.4% from 2022 to 2027.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/reclosers-market-187393365.html

The need for additional power plants to cater to the growing energy demands has become imperative due to the increasing global population. The ever-increasing power demand has resulted in the establishment of new power generation and transmission facilities. Hence, utilities need to improve power reliability, increasing the quality of power supplied to the customers. Developing regions such as Asia Pacific, South America, and the Middle East & Africa are some of the largest markets for power generation. Along with power generation, the demand for distribution automation facilities is also increasing similarly. A wide variety of distribution equipment is used to protect electrical distribution networks. These devices include reclosers, fuses, and overcurrent relays. Recloser has helped minimize the duration of a fault in the distribution system. They also help minimize the number of consumers affected by a fault in the system.

Key Market Players
There are several voltage ratings with respect to different end users. A few major players have a wide regional presence and dominate the recloser market. The leading players in the recloser market include ABB (Switzerland), NOJA Power (Australia), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland).

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=187393365

This research report categorizes the recloser market based on by Phase Type, Control Type, Voltage Rating, Insulation Medium, and Region.
Based on Phase Type:

Three
Single
Triple-single

Based on Control Type:

Electronic
Hydraulic

Based on Voltage Rating:

Up to 15 kV
16-27 kV
28-38 kV

Based on Insulation Medium:

Oil
Air
Epoxy

Based on region:

North America
Asia Pacific
South America
Europe
Middle East & Africa  

Up to 15 kV voltage segment, by voltage rating, to be the largest market

Based on the voltage, the Upto 15 kV segment is estimated to be the largest market from 2020 to 2027. The demand for substation equipment safety is boosting the development of advanced protection devices such as automatic circuit reclosers. The up to 15 kV segment is expected to grow at the highest rate due to the increase in the residential power distribution capacity to cater to the increasing demand for electricity in residential areas.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=187393365

Asia Pacific followed by North America emerged as the largest recloser market

Asia Pacific accounted for the largest global recloser market share during the forecast period owing to the increasing investments in transmission and distribution line expansion projects. Also, the rising industrial and commercial sectors and the increasing investments in smart grid infrastructure in China, India, South Korea, and Australia are expected to drive the market. Also, the increasing demand for continuous and reliable power supply, along with the replacement of the aging distribution network, is likely to fuel the market further in Asia Pacific region.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com

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