openPR Logo
Press release

Recloser Market is Projected to Reach $1.5 billion by 2030 | Leading key players are Schneider Electric, Eaton, ABB, General Electric, Siemens

03-27-2024 09:20 AM CET | Energy & Environment

Press release from: MarketsandMarkets

Recloser Market is Projected to Reach $1.5 billion by 2030 |

According to a research report "Recloser Market by Phase (Three-phase, Single-phase, and Triple Single-phase), Control Type (Electronic and Hydraulic), Voltage Rating (Up to 15 kV, 16-27 kV, and 28-38 kV), Insulation Medium (Oil, air, and epoxy) Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for recloser is projected to reach approximately USD 1.5 billion by the year 2030, as compared to the estimated value of USD 1.1 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 5.0% over the forecast period.

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

The recloser market is experiencing a surge driven by a confluence of factors. Aging grid infrastructure across the globe necessitates upgrades for improved reliability and to prevent outages. Reclosers offer a cost-effective solution for enhancing protection in specific sections of the power grid. Additionally, the focus on grid modernization aligns perfectly with the capabilities of reclosers. These automated devices provide fault isolation and protection, contributing to a more efficient and reliable grid. Furthermore, the increasing penetration of renewable energy sources like solar and wind requires robust grid integration solutions. Reclosers can effectively manage the inherent variability of renewable generation and ensure overall grid stability. Finally, a growing emphasis on environmental considerations is pushing the market towards sustainable recloser technologies. Solid dielectric reclosers, for instance, are gaining traction due to their eco-friendly nature, shaping the future of the recloser market.

Triple Single-phase segment, by phase, to be third-largest market.

Triple single-phase reclosers occupy a unique position within the recloser market, catering to specific applications in medium voltage distribution networks. Unlike traditional three-phase reclosers that operate on all three phases simultaneously, triple single-phase reclosers function as three independent single-phase reclosers housed within a single unit. They can isolate faults on individual phases without interrupting the flow of power on healthy phases. This minimizes outage durations for customers unaffected by the fault. Triple single-phase reclosers currently hold a relatively small market share compared to three-phase reclosers. Their niche application and potentially higher cost per unit compared to three-phase options contribute to this limited presence. However, specific factors could influence future growth. As demand for consistent and reliable power supply grows, the ability of triple single-phase reclosers to minimize outage durations on healthy phases becomes increasingly attractive. Their potential integration with smart grid automation systems for remote monitoring and control could enhance their appeal. Manufacturers focusing on cost reduction strategies and highlighting the long-term benefits of improved power quality and reduced outage durations could broaden the market for triple single-phase reclosers. Clearer industry standards and supportive regulations promoting the use of these reclosers in specific applications could influence their adoption by utilities. Triple single-phase reclosers offer a valuable solution for targeted fault isolation and improved power quality in specific scenarios. While their current market share is modest, their potential for growth hinges on cost competitiveness, industry acceptance, and the evolving needs of the power grid, particularly in the context of distributed generation and smart grid integration.

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

Air segment, by insulation, to be second-largest and second-fastest market.

Air-insulated reclosers (AIR reclosers) are emerging as a promising alternative in the recloser market, driven by a growing focus on environmental sustainability. Air insulated reclosers, as the name suggests, utilize air as the insulating medium, eliminating the environmental concerns associated with mineral oil used in traditional oil-insulated reclosers (OIL reclosers) or SF6 gas employed in some switchgear alternatives. Similar to other recloser types, Air insulated reclosers function as automatic circuit interrupters. They detect faults on the power line, interrupt the current flow using air to extinguish the arc, and attempt to re-energize the line after a pre-programmed sequence. This functionality helps clear temporary faults while isolating persistent ones. While still under development and gaining traction, air insulated reclosers are envisioned for similar applications as OIL reclosers in medium voltage distribution networks, potentially including distribution feeders and overhead lines. AIR reclosers are a relatively new technology compared to OIL reclosers or even solid dielectric reclosers. This translates to a smaller market share currently. However, the environmental benefits and potential cost-competitiveness in the long run could propel significant growth. Growing environmental regulations and the push for sustainable solutions are creating a favorable landscape for AIR reclosers. Utilities increasingly seeking eco-friendly technologies are likely to find them attractive. air-insulated reclosers represent a promising step towards sustainable medium voltage distribution. Their future growth depends on overcoming limitations through technological advancements while leveraging their environmental benefits to gain wider acceptance within the evolving recloser market.

North America to emerge as the second-largest recloser market.

The North American recloser market is experiencing a surge, driven by several key factors. A significant portion of North America's power grid infrastructure is aging and requires upgrades to ensure reliability and prevent outages. Utilities across North America are actively investing in grid modernization initiatives to improve efficiency, reliability, and integrate renewable energy sources. Consumers and businesses are increasingly reliant on a consistent and reliable power supply. Reclosers can help minimize voltage sags and momentary interruptions, improving overall power quality for end users. The North American recloser market is expected to witness continued growth in the coming years. The US, in particular, is anticipated to hold the highest market share due to its extensive aging grid infrastructure and ongoing grid modernization efforts. The increasing adoption of distributed generation, such as rooftop solar panels, is also creating new opportunities for reclosers in managing fault currents associated with these sources. The North American recloser market is a fragmented market with established global players and regional participants vying for market share. International companies like ABB, Eaton, Schneider Electric, and Siemens hold a strong presence in the market, offering a variety of recloser solutions. North American companies like S&C Electric, GE, Hubbell, and Hughes Power Systems are also significant players, catering to specific regional needs and regulations. The North American recloser market presents a robust and exciting space. With a focus on grid modernization, sustainability, and advanced functionalities, the market is poised for continued growth. The competitive landscape will likely be shaped by innovation, cost-effectiveness, and the ability of companies to cater to the evolving needs of the North American power grid.

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=187393365

Key Players

Key players in the global recloser market include Schneider Electric (France), Eaton (Ireland), ABB (Switzerland), General Electric (US), Siemens (Germany), NOJA Power Switchgear Pty Ltd (Australia), Hubbell (US), S&C Electric company (US), Tavrida Electric (US), ENTEC Electric & Electronic (South Korea), Arteche Group (Spain), and ILJIN ELECTRIC (South Korea).

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

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Recloser Market is Projected to Reach $1.5 billion by 2030 | Leading key players are Schneider Electric, Eaton, ABB, General Electric, Siemens here

News-ID: 3443316 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for North

Man and Van North London: Your Go-To Moving Solution in North London
North London, London - June 23, 2025 - Looking for a stress-free and efficient moving experience in North London? Look no further than Man and Van North London, the trusted, reliable moving service that's changing the way people approach relocation. Based in the heart of North London at 2 Abbotsbury, the team at Man and Van North London provides affordable, hassle-free moving services designed to fit every need. Whether you're moving
North America Biosimulation Market
The global biosimulation market is experiencing rapid expansion, driven by advancements in technology and the increasing demand for computational tools that can accelerate drug discovery, clinical trials, and regulatory processes. As of 2023, the market was valued at USD 3.5 billion and is projected to reach USD 14.1 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 16.90% from 2024 to 2032. Biosimulation, which involves the use of
Entirewire Electrician North Canton Offers Top-Tier Electrical Services for Nort …
Image: https://www.getnews.info/wp-content/uploads/2024/09/1726505467.png Entirewire Electrician North Canton provides high-quality electrical services to residential and commercial clients in North Canton, OH. Specializing in electrical panel replacement, repairs, and installations, their team of certified electricians ensures safe, reliable, and efficient solutions, making them a trusted choice for all electrical needs in the local community. North Canton, OH - Entirewire Electrician North Canton continues to provide exceptional electrical services for residents and businesses in the
Web Design North: Providing Exceptional Graphic Design Services in North Bay
Web Design North, a leading digital marketing and SEO agency, provides peerless graphic design services in North Bay. Specific and highly effective digital solutions can help solve the challenges businesses encounter in reaching their target audience. With the combination of these solutions and the expertise of digital professionals, business owners can rest assured that they will make more progress and thrive among their competitors. Web Design North is a dedicated marketing
Web Design North Offers Digital Marketing Services in North Bay, Canada
Web Design North is a reputable company that provides digital marketing solutions and website development services in Canada. Web Design North is excited to debut its updated website, showcasing a more modern and user-friendly design. The new site features easy navigation, allowing potential clients to easily browse and learn about the company's services and view their impressive portfolio of work. As a leading web design company, Web Design North understands the
Web Design North Now Offers North Bay Website Designing Services
Web Design North has successfully worked with businesses of all sizes across North America and internationally. Web Design North, a leading digital marketing agency in Canada, is proud to announce its expertise in web designing and SEO marketing for businesses in various industries across the country. With a team of experienced professionals, Web Design North has helped numerous clients establish a strong online presence and drive significant traffic to their websites.