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Global Reclosers Market Share, Size, Trends, Growth, Forecast: By Phase: Single Phase, Three Phase, Others; By Control: Hydraulic, Electric; By Voltage Rating: Up to 15 kV, 16-27 kV, 28-38 kV; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028
Global Reclosers Market Outlook
The global reclosers market size reached a value of more than USD 2.02 billion in 2021. The global reclosers market is expected to grow at a CAGR of 5.20% between 2023 and 2028, reaching a value of USD 2.74 billion by 2027.
Key Trends in the Market
A recloser is a high voltage electric switch that automatically switches off electric power on recognising trouble, for example cases of short circuiting. They are a protective device mostly found on the top of electric power distribution poles. Reclaim time in an auto recloser is the minimum time used to successfully complete the circuit breaker closing and auto recloser cycle.
- Growing focus on renewable sources of energy and increased production of clean and green energy have also raised the demand for technology to protect electrical circuits, such as reclosers.
- Smart grid monitors are a key trend in the global reclosers market. They have been found to be stable, reliable, and resilient, reducing costs and increasing the demand for reclosers.
- Development of advanced reclosers to offer enhanced control, supervision, protection, and measurement along with other advantages, are greatly contributing to increasing the demand from consumers, fuelling the market growth.
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Market Analysis
Based on phase, the market can be divided into single phase, three phase, and others. By control, the market is bifurcated into hydraulic and electric. On the basis of voltage rating, the market is segmented into up to 15 kV, 16-27 kV, and 28-38 kV. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global reclosers market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- ABB Ltd.
- Schneider Electric SE
- Siemens AG
- S&C Electric Company
- Eaton Corporation plc
- G&W Electric
- Others
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Market Share by Control
Electric control reclosers are extensively used in numerous end use industries such as oil and gas, utilities, and overhead electricity distribution lines, due to which they occupy a leading share of the reclosers market. They offer greater flexibility, advanced protection, and support for customisation, programming, and automation, leading to their increased usage across industries. The increase in demand for the grid modernisation including distribution automation is increasing the demand for electric control reclosers.
Hydraulic control reclosers are typically used for single phase reclosers and found sometimes in three phase reclosers. Its interrupting and current carrying capacities depend mostly on the trip coil rating of the reclosers series.
Market Share by Region
Asia Pacific has accounted for the largest share in the market for reclosers and is expected to continue dominating the market in the forecast period as well. This is owing to the rapid growth and expansion of industries along with growth of urban areas.
Improved electrification in countries in the Asia Pacific region have resulted in upgrades to distribution networks and investments in smart grid projects. With sudden increase in demand for steady and uninterrupted electricity, there is an increased demand for efficient reclosers.
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Competitive Landscape
ABB Ltd. is a Swedish-Swiss automation company that has its headquarter in Zurich, Switzerland. It was founded in 1988 and believes in pushing the boundaries of technology to take it to a whole new level.
Siemens AG founded in 1847 is based out of Munich, Germany. It is a multinational industrial manufacturing company that help customers solve challenges by combining the real and digital world.
S&C Electric Company was founded in 1911 and has its headquarter in Illinois, United States. It is an appliances, electronics, and electrical company that provides smart grid solutions, energy storage solutions, and advanced power quality systems, among other services.
Other market players include Schneider Electric SE, Eaton Corporation plc, and G&W Electric, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Phase |
|
| Breakup by Control |
|
| Breakup by Voltage Rating |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Reclosers Market Analysis
8.1 Key Industry Highlights
8.2 Global Reclosers Historical Market (2018-2022)
8.3 Global Reclosers Market Forecast (2023-2028)
8.4 Global Reclosers Market by Phase
8.4.1 Single Phase
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Three Phase
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Reclosers Market by Control
8.5.1 Hydraulic
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Electric
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Reclosers Market by Voltage Rating
8.6.1 Up to 15 kV
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 16-27 kV
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 28-38 kV
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Reclosers Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 ABB Ltd
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Schneider Electric SE
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Siemens AG
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 S&C Electric Company
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Eaton Corporation plc
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 G&W Electric
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Reclosers Market: Key Industry Highlights, 2018 and 2028
2. Global Reclosers Historical Market: Breakup by Phase (USD Million), 2018-2022
3. Global Reclosers Market Forecast: Breakup by Phase (USD Million), 2023-2028
4. Global Reclosers Historical Market: Breakup by Control (USD Million), 2018-2022
5. Global Reclosers Market Forecast: Breakup by Control (USD Million), 2023-2028
6. Global Reclosers Historical Market: Breakup by Voltage Range (USD Million), 2018-2022
7. Global Reclosers Market Forecast: Breakup by Voltage Range (USD Million), 2023-2028
8. Global Reclosers Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Reclosers Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Reclosers Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Reclosers Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Reclosers Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Reclosers Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Reclosers Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Reclosers Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Reclosers Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Reclosers Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Reclosers Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Reclosers Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Reclosers Market Structure
Key Questions Answered in the Report
The global market size for reclosers reached a value of more than USD 2.02 billion in 2021.
The market is expected to grow at a CAGR of 5.20% between 2023 and 2028.
The major market drivers include increasing dependence on electricity, growing urbanisation, and development of electricity networks in developing countries.
The global market size for reclosers is expected to reach a value of more than USD 2.74 billion by 2027.
The key trends of the market are automation and customisation of reclosers, implementation of smart grids, and development of advanced reclosers.
Key market players include ABB Ltd., Schneider Electric SE, Siemens AG, S&C Electric Company, Eaton Corporation plc, and G&W Electric, among others.
A recloser is a high voltage electric switch that automatically switches off the electric power when it recognises potential issues such as short circuits.
They are a protective device commonly found on the top of electric power distribution poles.
The global reclosers market is segmented based on phase, control, voltage rating, and region.
Reclaim time in an auto recloser is the minimum time used to successfully complete the circuit breaker closing and auto recloser cycle.
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