Recloser
Market Overview
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). 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.
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.
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