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Recloser Market Recloser Market by Phase (Three-phase, Single-phase), Control Type (Electronic and Hydraulic), Voltage Rating (Up to 15 kV, 16-27 kV), Insulation Medium (Epoxy, Oil, Air), & Region for 2024-2031


Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Recloser Market Recloser Market by Phase (Three-phase, Single-phase), Control Type (Electronic and Hydraulic), Voltage Rating (Up to 15 kV, 16-27 kV), Insulation Medium (Epoxy, Oil, Air), & Region for 2024-2031

Recloser Market Valuation – 2024-2031

Rising investment in the generation of power from renewable energy is propelling the adoption of recloser. Increasing power demand enables the utilities to build more transmission & distribution networks driving the market size to surpass USD 1.87 Billion in 2023 to reach a valuation of around USD 2.98 Billion by 2031.

In addition to this, growing urbanization and technological development, which enables more industrialization and commercialization in the various regions is spurring up the adoption of Recloser. Rising development in industries results in economic growth, which comprises of competition scenario, spending capability of consumers, mergers & acquisitions, partnership & collaboration, investments, and expansion of new projects enabling the market to grow at a CAGR of 6% from 2024 to 2031.

Recloser Market Definition/ Overview

A recloser is a type of circuit breaker that automatically detects and interrupts electrical faults in power distribution networks. It operates similarly to a traditional circuit breaker but is designed to automatically re-close or re-energize the circuit after a brief delay following a fault clearance. Reclosers are commonly used in overhead distribution systems to improve the reliability and efficiency of electrical power delivery.

Reclosers are installed in power distribution networks, especially in overhead lines, to protect against faults such as short circuits, overloads, and line disturbances. They help minimize downtime by quickly isolating and restoring power to affected sections of the network without manual intervention. Many reclosers feature remote control and monitoring capabilities, allowing utility operators to remotely operate, configure, and monitor recloser performance from centralized control centers. This enables proactive fault management, remote troubleshooting, and real-time visibility into distribution system operations. Reclosers play a crucial role in smart grid initiatives aimed at modernizing and optimizing electrical distribution systems.

The ongoing transition towards smart grids and automation is driving the adoption of advanced recloser technologies with enhanced intelligence, connectivity, and automation capabilities. Reclosers are expected to play a central role in enabling autonomous operation, self-healing networks, and real-time grid management.

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How will the Rising Demand for Reliable Power Supply Increase Adoption of Recloser?

Growing reliance on electricity for various applications across industries and households, there is a heightened demand for reliable power supply. Reclosers enhance the reliability of power distribution networks by quickly detecting and isolating faults, minimizing downtime, and restoring power to affected areas, thereby meeting the need for uninterrupted electrical service.

The increasing frequency and severity of extreme weather events, natural disasters, and grid disturbances underscore the importance of grid resilience and disaster preparedness. Reclosers enhance grid resilience by automatically isolating and restoring power to faulted sections of the network, minimizing the impact of disruptions, and improving the ability of utilities to respond to emergencies.

Rising investments in electrical infrastructure to meet growing energy demands, improve grid resilience, and integrate renewable energy sources. Reclosers play a critical role in these infrastructure investments, enabling utilities to enhance the efficiency, reliability, and safety of their distribution networks while optimizing capital expenditures.

Reclosers offer operational efficiencies and cost savings for utilities by reducing the need for manual interventions, truck rolls, and maintenance activities associated with fault management. Automated fault detection, isolation, and restoration capabilities enable utilities to optimize workforce resources, minimize outage durations, and improve overall operational efficiency.

Will Cybersecurity Risks of Recloser Restrain Its Application?

The increasing digitization and connectivity of recloser devices introduce cybersecurity risks and vulnerabilities, including potential cyber-attacks, unauthorized access, and data breaches. Utilities must implement robust cybersecurity measures to protect recloser assets, control systems, and critical infrastructure from cyber threats, ensuring the integrity, confidentiality, and availability of grid operations.

Recloser installations require significant upfront investment in equipment, installation, and integration with existing power distribution infrastructure. The initial capital costs associated with purchasing and deploying reclosers can be a barrier for utilities, especially in regions with budget constraints or competing investment priorities.

Incompatibility between recloser devices from different manufacturers or lack of standardized communication protocols can hinder interoperability and integration within heterogeneous distribution networks. Utilities may face challenges in managing diverse recloser deployments, optimizing system performance, and ensuring seamless interoperability between devices.

Category-Wise Acumens

Will Rise in Adoption of Three-phase Reclosers Drive Recloser Market?

The three-phase reclosers segment is anticipated to hold a major share of the recloser market. Three-phase reclosers provide comprehensive protection for three-phase electrical circuits, which are commonly used in power distribution networks. By monitoring and controlling all three phases simultaneously, these reclosers can detect and respond to faults affecting multiple phases, ensuring reliable and coordinated fault management.

Also, three-phase reclosers are designed to coordinate and synchronize the operation of all three phases during fault clearing and reclosing sequences. This synchronized operation ensures uniform fault management across all phases, reducing the risk of phase imbalances, voltage fluctuations, and transient disturbances in the distribution network.

Additionally, three-phase reclosers incorporate advanced sensing and detection technologies to quickly identify faults, including short circuits, overloads, and line disturbances, across all three phases of the electrical system. Rapid fault detection enables prompt isolation and restoration of affected sections of the network, minimizing downtime and improving system reliability.

Will the Rise in the Adoption of Electronic Reclosers Drive the Recloser Market?

The electronic reclosers segment is anticipated to hold a major share in the recloser market. Electronic reclosers leverage microprocessor-based control systems and sophisticated algorithms to detect, analyze, and respond to electrical faults with greater accuracy and precision. Advanced fault detection capabilities enable electronic reclosers to distinguish between different fault types, prioritize fault clearing sequences, and optimize fault management strategies, improving overall grid reliability and performance.

Electronic reclosers feature integrated communication interfaces, such as SCADA protocols, DNP3, IEC 61850, and Ethernet, enabling seamless integration with supervisory control and data acquisition (SCADA) systems, distribution management systems (DMS), and smart grid networks. Enhanced connectivity facilitates real-time data exchange, remote control commands, and interoperability with other grid devices, supporting grid modernization initiatives and smart grid deployments.

Electronic reclosers enable utilities to monitor performance, collect real-time data, and configure settings remotely from centralized control centers, improving operational efficiency, maintenance schedule optimization, and grid response speed.

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Country/Region-wise Acumens

Will Increasing Demand for Electricity Access Enhance Adoption of Recloser in Asia Pacific?

The rising demand for electricity access in rural and remote areas of Asia Pacific countries is driving investments in rural electrification projects and decentralized energy solutions. Reclosers play a crucial role in extending electricity access, improving grid reliability, and reducing outage durations in off-grid and underserved regions, contributing to socio-economic development and poverty alleviation efforts.

Asia Pacific offers significant growth opportunities for recloser manufacturers and suppliers due to its large and diverse market landscape, comprising both established economies and emerging markets. The region’s dynamic energy market, diverse customer base, and expanding infrastructure projects create opportunities for market expansion, partnerships, and investments in the Recloser market.

Also, many countries in the Asia Pacific are aggressively pursuing renewable energy targets and transitioning towards a cleaner and more sustainable energy mix. Reclosers facilitate the integration of renewable energy sources, such as solar and wind power, into distribution networks by providing grid stabilization, fault management, and voltage regulation capabilities, thereby supporting the growth of renewable energy generation and distribution.

Will Rising Demand for Smart Grid Solutions in North America Mature Recloser Market?

The adoption of smart grid technologies is accelerating in North America, driven by regulatory mandates, energy efficiency goals, and customer demand for advanced services. Electronic reclosers with smart grid capabilities, such as remote monitoring, communication, and automation, are gaining traction in the region, enabling utilities to optimize grid operations and improve customer service.

The adoption of renewable energy sources, such as solar and wind power, is increasing across North America, leading to the need for grid enhancements and optimization. Reclosers play a crucial role in facilitating the integration of renewable energy into distribution networks by providing fault detection, isolation, and restoration capabilities, ensuring grid stability and reliability.

North America has been at the forefront of grid modernization efforts, driven by aging infrastructure, increasing demand for electricity, and the need to integrate renewable energy sources. Utilities in North America are investing in upgrading distribution networks with advanced technologies, including reclosers, to improve reliability, resilience, and efficiency.

Competitive Landscape

The competitive landscape of the recloser market is characterized by a mix of global players, regional manufacturers, and emerging startups competing for market share and technological leadership. These companies offer a wide range of recloser solutions, including electronic, hydraulic, and vacuum reclosers, catering to diverse customer needs and grid requirements. Additionally, regional players such as G&W Electric, S&C Electric Company, and Hubbell Incorporated play significant roles in specific geographic markets, leveraging their local presence and customer relationships to compete effectively. The recloser market is characterized by continuous innovation, with companies investing in research and development to enhance product performance, reliability, and functionality, while also focusing on customer service, aftermarket support, and sustainability initiatives to maintain competitive advantage in the dynamic energy landscape. Some of the prominent players operating in the recloser market include

  • Schneider Electric
  • ABB Ltd.
  • Eaton Corporation
  • Siemens AG
  • NOJA Power
  • G&W Electric
  • S&C Electric Company
  • Hubbell Incorporated
  • Cooper Power Systems
  • Tavrida Electric
  • Entec Electric & Electronic Co., Ltd.
  • Arteche Group
  • Elektrolites Electric & Controls Ltd.
  • Meidensha Corporation
  • Beckwith Electric Co., Inc.
  • NARI Group Corporation
  • ZEZ SILKO
  • Ensto
  • SEL
  • CG Power and Industrial Solutions Limited

Latest Developments

  • In February 2023, Enedis and Schneider Electric collaborated on a project to develop new MV/LV substation equipment as an alternative to SF6 (sulfur hexafluoride) gas. This gas is commonly used in MV electrical equipment due to its high insulating and dielectric properties, making it extremely useful for medium- and high-voltage electrical distribution.
  • In August 2023, Eaton partnered with AMP Energy to modernize power distribution in Xeni Gwet’n First Nation and address access challenges.
  • In November 2023, ABB has opened a new sustainable multipurpose building, featuring recycled concrete and energy-efficient systems.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2018-2031

Growth Rate

CAGR of ~6% from 2024 to 2031

Base Year for Valuation

2023

Historical Period

2018-2022

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Phase
  • Control Type
  • Voltage Rating
  • Insulation Medium
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players
  • Schneider Electric
  • ABB Ltd.
  • Eaton Corporation
  • Siemens AG
  • NOJA Power
  • G&W Electric
  • S&C Electric Company
  • Hubbell Incorporated
  • Cooper Power Systems
  • Tavrida Electric
Customization

Report customization along with purchase available upon request

Recloser Market, By Category

Phase

  • Three-phase
  • Single-phase
  • Triple Single-phase

Control Type

  • Electronic
  • Hydraulic

Voltage Rating

  • Upto 15kV.
  • 16-27 kV
  • 28-38 kV

Insulation Medium

  • Epoxy
  • oil
  • Air

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any  please connect with our sales team, who will ensure that your requirements are met.

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )