Recloser Market A Better Bet Than A Lottery Ticket

MarketsandMarkets’ report - "Recloser Market, By Control and Sectionalizer, Phase and Sectionalizer, Voltage, and Region - Global Forecast To 2022" – indicates the recloser market (including the sectionalizer market) is expected to grow from an estimated $2.14 billion in 2017 to $2.71 billion by 2022, at a CAGR of 4.88%. In electric power distribution, a recloser, or autorecloser, is a circuit breaker equipped with a mechanism that can automatically close the breaker after it has been opened due to a fault. Reclosers are used on overhead distribution systems to detect and interrupt momentary faults. The market is set to witness growth, due to increasing urbanization and industrialization, growing distribution automation for power quality and reliability, and expanding distribution network.

 

Highlights:

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  • The electronic recloser segment is expected to hold the largest share of the Recloser Market during the forecast period
  • Increasing preference for recloser and sectionalizer of capacity up to 15 kV
  • Asia Pacific is expected to be the leading market for reclosers during the forecast period  

In this report, the Recloser Market has been analyzed with respect to five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to lead the Recloser Market. The inefficiency of existing distribution infrastructure, new installation of distribution lines, and refurbishment of older distribution system is anticipated to be the highest in the Asia Pacific region. Moreover, the increasing demand for electrical energy due to urbanization and industrialization and the rising investments in smart grid technologies that include distribution automation are likely to drive the market during the forecast period in Asia Pacific.

 

Ready to close in on reclosers? Browse the "Recloser Market - Global Forecast to 2022"

 

MarketsandMarkets

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