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. Adapting to the recent novel COVID-19 pandemic, the impact of the
COVID-19
on Recloser Market is included in the present report.
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).
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setbacks that the power industry is witnessing is the outdated infrastructure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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Market Research Future:
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