Global
Recloser Market - Overview
The Recloser
Market Size 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.
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.
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), and Arteche (Spain). Entec
Electric and electronic (Korea), Solomon Corp. (U.S), Hughes Power System
(Sweden), and Ergon Energy (Australia) are among others.
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