Global
Recloser Market - Overview
The Global 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). 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.
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setbacks that the power industry is witnessing is the outdated infrastructure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.
Global
Recloser Market Segmentation
The global recloser market
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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