Recloser Market Comprehensive Analysis, Growth Potential, Size, Share, Opportunities Assessment, Global Analysis and Future Strategic Planning by Forecast to 2023
Recloser Market Research Report: Information by Phase Recloser Type (Single, three, triple), Recloser Control Type (electric, hydraulic, micro-processor base), Voltage type (High, medium, low), Insulation type (Oil, air, epoxy) – Global Forecast till 2023
Pune, India – September 30, 2019 /MarketersMedia/ —
Global Recloser Industry Highlights
The recloser technology is helping the power distribution systems to provide reliable distribution service all around the globe. Reclosers are becoming an essential and reliable component in the distribution infrastructure for electricity, for both small scale and large scale projects, as they have immense capability of enhancing the operational efficiency of the distribution system.
The recloser technology is expected to hold a large market share from power distribution sector projects as project performance is subject to reliability of products and services, and recloser are sustainable products with lower maintenance costs. The recloser projects will have an immediate impact on the commercial power distribution and residential power distribution network. Global power distribution product providers are looking for efficient distribution lines and automation offered by reclosers thus, deploying automation in power sector. By employment of reclosers in the power distribution systems, operators can reduce the maintenance cost and labor costs involved in the manual repair of circuit breaks.
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Furthermore, the power industry is witnessing a higher number of developments in the power distribution connections with increased demand for electricity. Power distribution equipment has been the major area of interest for major electrical companies as advancements and upgrades in the technology of their equipment will help them lead in the market. However, there is a lack in the existing infrastructure in the power distribution sector, which is a major restraint in the power industry. With increasing distribution networks in the growing nations along with the existing circuit breaker getting obsolete, the recloser technology is expected to benefit in power distribution system industry.
The recloser circuits are expected to grow by the fact that it is capable of cutting the maintenance costs of the existing circuits and implementing internet of things in the power distribution sector. The global power distribution electronic equipment industry is investing in R&D for better recloser type that can handle faults at high voltage levels. The recloser market by voltage level is classified as High voltage levels, Medium voltage levels and Low voltage levels. By deploying the high voltage reclosers, the disturbance caused at the level of 38 kV can also be handled automatically and this will replace the human resource.
Global Recloser Market Segmental Analysis
Global recloser market has been segmented based on phase recloser type, insulation type, voltage rating type, control type, and by region.
On the basis of phase recloser type, the market is classified as single phase recloser, three phase recloser and triple single recloser. The three phase recloser technology have been very successful in recent years, by virtue of its ability of handling the load imbalance at even three consecutive faults at high voltage levels. The three phase recloser is small in size and has more power to weight ratio which helps in deployment, transportation and installation of three phase recloser over single phase recloser.
The epoxy insulated recloser which is a segment of insulation type recloser fulfills the objective of inherently reliable, automation intelligence as well as eco-friendly reclosers as they do not use oil and gas insulation. They have advantage over oil and gas insulated recloser as they have permanent flexibility, superior tracking resistance, and leak-proof and are of higher tensile strength.
Based on control type, the market is segmented as electrical control, hydraulic control and microprocessor based control. Microprocessor based control are expected to grow at a faster pace as they have higher ability to detect the faults and based on microprocessor chips.
Asia Pacific region in Recloser market holds the highest market share in 2017.
Asia Pacific is expected to dominate as it is experiencing increasing power demand and wider distribution networks. Increase in demand for reliable power distribution infrastructure is a leading driver of the Asia Pacific recloser market. Furthermore, favorable policies from various nations like India to electrify the households and the remote areas is promoting the recloser market. Power distribution companies in the Asia Pacific region are looking forward to install new technologies such as recloser in the distributor system such as household circuits, substations and convertor stations to enhance the operational efficiency of the systems. For instance, ABB has setup a new electronics factory in Nashik region of India, which is mainly dealing in automatic reclosers.
Key Players
The key players of global Recloser Market are ABB (Switzerland), Eaton (Ireland), Siemens (Germany), G&W (China), General Electrics (U.S.), Schnieder (France), Noja Power (U.S), Stelmec (India), Arteche (Spain), Entec Electric and electronic (Korea), Solomon Corp. (U.S), Hughes Power System (Sweden) and Ergon Energy (Australia) among others.
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