Recloser Control Market is estimated to grow from US$ XX Bn in 2019 to US$ XX Bn by 2027, at a CAGR 5.98% from 2019-2027.
A recloser is an automated, high voltage electric switch. Like a residual current device on household electric lines, it shuts off electric power when a difficulty occurs, such as a short circuit.
The power value chain industry is observing an accelerating growth due to growth in power demand and because of the increasing urbanization and industrialization from developing economies. The Power sector is extremely moving towards the private sector with less government control. More and more participants set foot in the power market; numerous technologies have been launched in the power generation, transmission, and various distribution sectors to come up with distinctive products and technologies.
The major disadvantages that the power production industry is going through are the old infrastructure and shortage of distribution network all over the nations. Another disadvantage that exists in the power downstream sectors is the poor accuracy of infrastructure that is the primary reason for electrical hazards. Higher installations cost and functioning failure hamper the execution of recloser technology. The report covers all the aspects of the industry with a dedicated study of major players that include market players, followers, and new entrants. PORTOR, SVOR, PESTEL analysis with the huge impact of microeconomic factors in the market has been introduced in the report.
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The Recloser Control market is segmented on the basis of Type (Electric, Hydraulic), by Phase (Three Phase, Single Phase, Triple Single Phase), By Voltage(up to 15 Kv, 16-27 Kv, 28-38 Kv) and by region (North America, Europe, Asia pacific, Middle East and Africa, Latin America). The three-phase recloser are estimated to obtain more profit because of their technological dominance over single- phase recloser. Three phase recloser has high power to weight ratio, therefore having smaller size and also the demand for conductor material is lower in three phase recloser, making it workable option over single phase recloser. High Voltage recloser fulfills the purpose of controlling trouble at a level of 38 Kv and is used in substations, converter stations.
On the basis of region, the recloser control market is divided into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. The Asia Pacific is dominating the recloser control market due to new installations of distribution lines, increasing expenditures in smart grid automation, and increasing demand for electrical energy due to increasing industrialization and urbanization. The second largest market is North America estimated to record growth followed by Europe due to rising demand for renewable energy sources in the region. Furthermore, the market in Middle East and Africa and Latin America is estimated to indicate average growth in the target market over the coming years.
Technological Advancement in Recloser Control
The growth of the recloser is going to be mostly influenced by the increasing expenditure in the power distribution sector and technological advancement in the power industry. The distribution system has been encountering conventional old-fashioned infrastructure and insufficient distribution network. Recloser technology is executed by the distribution companies for preventing the incidents relating to load disparity and short circuits. The advanced reclosers can effectively handle the three back to back faults. Back to back at 80%, 50%, and 30% authorization probability.
Siemens AG was selected by Nepal Electricity Authority (NEA) for inclination of its 15 years old Supervisory Control and Data addition /Energy management system (SCADA/EMS) at its Load Dispatch Center located in Kathmandu.
The objective of the report is to present a comprehensive analysis of the Recloser Control Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
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The report also helps in understanding Recloser Control Market dynamics, structure by analyzing the market segments and projects the Recloser Control Market size. Clear representation of competitive analysis of key players By Voltage, price, financial position, Product portfolio, growth strategies, and regional presence in the Recloser Control Market make the report investor’s guide. ”
Scope of Recloser Control Market
Recloser Control Market, By Type
Recloser Control Market, By Phase Type
• Three –Phase
• Single –Phase
• Triple –Single Phase
Recloser Control Market, By Voltage
• Up to 15 Kv
• 16-27 Kv
• 28-38 Kv
Recloser Control Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• Latin America
Recloser Control Market, Key players
• ABB (Switzerland)
• Eaton (Ireland)
• Siemens (Germany)
• G&W (China)
• General Electric’s (U.S)
• Schneider (France)
• Noja Power (U.S)
• Stelmec (India)
• Arteche (Spain)
• Entec Electric and Electronic (Korea)
• Solomon Corp (U.S)
• Hughes Power System (Sweden)
• Ergon Energy (Australia)
• Tavrida (Switzerland)
• Brush Group
• Iljin electric
• S & C Electric Company
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Major Table Recloser Control Market of Contents Report
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.3. Research Methodology
2.3.1. Secondary Research
188.8.131.52. Secondary data
184.108.40.206. Secondary Sources
2.3.2. Primary Research
220.127.116.11. Data from Primary Sources
18.104.22.168. Breakdown of Primary Sources
3. Executive Summary: Recloser Control Market
4. Market Overview
4.2. Market Indicator
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
5. Supply Side and Demand Side Indicators
6. Recloser Control Market and Forecast
6.1. Recloser Control Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America
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