MARKET INTRODUCTION
A recloser is a high-voltage electric switch that shuts off electrical power in case of a short circuit. The growing investments in distribution automation and the expansion of distribution networks in recent years have propelled the growth of the recloser market. The Asia Pacific region is likely to witness a massive demand for recloser during the forecast period with rapid urbanization and industrialization in countries like India and China. The key players are focusing on new product launches and innovations to stay competitive in the market.
MARKET DYNAMICS
The recloser market is anticipated to grow in the forecast period owing to driving factors such as developments in the field of renewable power generation coupled with the rapid expansion of T&D networks. Moreover, up-gradation of existing substation and feeder line protection is further expected to fuel the market growth. However, the availability of cheap alternatives may hamper the growth of the recloser market during the forecast period. On the other hand, robust investments in smart grid vision are likely to offer significant growth opportunities for the recloser market in the coming years.
MARKET SCOPE
The "Global Recloser Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of recloser market with detailed market segmentation by phase type, control type, voltage rating, and geography. The global recloser market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading recloser market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global recloser market is segmented on the basis of phase type, control type, and voltage rating. Based on phase type, the market is segmented as single phase, three-phase, and triple single-phase. On the basis of the control type, the market is segmented as electric and hydraulic. The market on the basis of the voltage rating is classified as up to 15 kV, 16 to 27 kV, and 28-38 kV.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global recloser market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The recloser market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting recloser market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the recloser market in these regions.
MARKET PLAYERS
The reports cover key developments in the recloser market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from recloser market are anticipated to lucrative growth opportunities in the future with the rising demand for recloser in the global market. Below mentioned is the list of few companies engaged in the recloser market.
The report also includes the profiles of key recloser companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ABB Ltd.
- Eaton Corporation
- ENTEC Electric & Electronic
- G&W Electric
- Hubbell Incorporated
- NOJA Power Switchgear Pty Ltd
- S&C Electric Company
- Schneider Electric SE
- Siemens AG
- Tavrida Electric
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.