Global Recloser Market -
Overview
Reclosers refer to power equipment that are
high-voltage, automated electric switches. Reclosers are capable of detecting
trouble in the electric line, automatically and remove the fault in the
electric line. The recloser resets the temporary problem automatically and
restores the electric power. If there is trouble of recurrence of more than
three times, the recloser shuts off the power for preventing the line from any
accident. The global power value chain industry is bound to witness an
exponential growth owing to the rising power demand from consumers all over the
globe. This rising demand for uninterrupted supply of power can be accredited
to the increase in urbanization and industrialization from various developing
economies. The power sector is expected to move majorly towards the private
sector with less state control. With more and more players entering the power
market, many technologies are introduced in the power generation, transmission,
and distribution sector for coming up with unique products and technological
advancements. The recloser market is estimated to upscale at a strong CAGR of
6% during the forecast period, as per the analysis published by Market Research
Future (MRFR).
However, one of the major setbacks that the power
industry is witnessing is the outdated infrastructure and the scarce
distribution network around various countries. At the end of 2016, only 86% of
the total global population was observed to have access to electricity. Apart
from this, the poor reliability of infrastructure that is the basic reason for
electrical hazards is posing as another downsizing for the power downstream
sector.
The global recloser circuit demand is expected to
proliferate owing to the fact that it is capable of cutting the maintenance
costs of existing circuits and the implementation of the internet of things in
the power distribution sector. The global power distribution electronic
equipment industry is investing in the research and development for better
recloser which can handle faults at high voltage levels.
Recloser Market Segmentation
The Recloser
Market Report is segmented by
phase recloser type, insulation type, voltage rating type, control type, and
region.
Based on phase recloser type, the global recloser
market is segmented into two-phase recloser, single-phase recloser, and
triple-phase recloser.
The three phase recloser is expected to gain more
profit owing to the technological advantage over single-phase recloser.
Based on insulation type, the global recloser market
is segmented into gas-insulated recloser, oil-insulated recloser, and
epoxy-insulated recloser. Since epoxy-insulated reclosers are flexible on a
permanent basis, have hydrophobic prevention, these are used highly in major
installations.
Based on voltage rating type, the global recloser
market is segmented into low voltage recloser, medium voltage recloser, and
high voltage recloser. High voltage recloser is expected to fulfil the purpose
of handling trouble at 38 kV and are used in substations, as well as, convertor
stations.
The recloser market is also segmented into
electrical control, hydraulic control and micro-processor control-based
technology, based on control type.
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