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 Share expected
to benefit from the high growth of countries such as India, Japan, and China,
and from Mid-East countries.
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witnessing is the outdated infrastructure and the scarce distribution network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.
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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