Global Recloser Industry Highlights
The
recloser technology is helping the power distribution systems to provide
reliable distribution service all around the globe. Reclosers are becoming an
essential and reliable component in the distribution infrastructure for
electricity, for both small scale and large scale projects, as they have
immense capability of enhancing the operational efficiency of the distribution
system.
The
recloser technology is expected to hold a large market share from power
distribution sector projects as project performance is subject to reliability
of products and services, and recloser are sustainable products with lower
maintenance costs. The recloser projects will have an immediate impact on the
commercial power distribution and residential power distribution network.
Global power distribution product providers are looking for efficient
distribution lines and automation offered by reclosers thus, deploying
automation in power sector. By employment of reclosers in the power
distribution systems, operators can reduce the maintenance cost and labor costs
involved in the manual repair of circuit breaks.
Furthermore,
the power industry is witnessing a higher number of developments in the power
distribution connections with increased demand for electricity. Power
distribution equipment has been the major area of interest for major electrical
companies as advancements and upgrades in the technology of their equipment
will help them lead in the market. However, there is a lack in the existing
infrastructure in the power distribution sector, which is a major restraint in
the power industry. With increasing distribution networks in the growing
nations along with the existing circuit breaker getting obsolete, the recloser
technology is expected to benefit in power distribution system industry.
The
recloser circuits are expected to grow by the fact that it is capable of cutting
the maintenance costs of the existing circuits and implementing internet of
things in the power distribution sector. The global power distribution
electronic equipment industry is investing in R&D for better recloser type
that can handle faults at high voltage levels. The recloser market by voltage
level is classified as High voltage levels, Medium voltage levels and Low
voltage levels. By deploying the high voltage reclosers, the disturbance caused
at the level of 38 kV can also be handled automatically and this will replace
the human resource.
Global Recloser Market Segmental Analysis
Global recloser market has been segmented based
on phase recloser type, insulation type, voltage rating type, control type, and
by region.
On
the basis of phase recloser type, the market is classified as single phase
recloser, three phase recloser and triple single recloser. The three phase
recloser technology have been very successful in recent years, by virtue of its
ability of handling the load imbalance at even three consecutive faults at high
voltage levels. The three phase recloser is small in size and has more power to
weight ratio which helps in deployment, transportation and installation of
three phase recloser over single phase recloser.
The
epoxy insulated recloser which is a segment of insulation type recloser
fulfills the objective of inherently reliable, automation intelligence as
well as eco-friendly reclosers as they do not use oil and gas insulation. They
have advantage over oil and gas insulated recloser as they have permanent
flexibility, superior tracking resistance, and leak-proof and are of higher
tensile strength.
Based
on control type, the market is segmented as electrical control, hydraulic
control and microprocessor based control. Microprocessor based control
are expected to grow at a faster pace as they have higher ability to detect the
faults and based on microprocessor chips.
Asia Pacific region in
Recloser market holds the highest market share in 2017.
Asia Pacific is expected to
dominate as it is experiencing increasing power demand and wider distribution
networks. Increase in demand for reliable power distribution infrastructure is
a leading driver of the Asia Pacific recloser market. Furthermore, favorable
policies from various nations like India to electrify the households and the
remote areas is promoting the recloser market. Power distribution companies in
the Asia Pacific region are looking forward to install new technologies such as
recloser in the distributor system such as household circuits, substations and
convertor stations to enhance the operational efficiency of the systems. For
instance, ABB has setup a new electronics factory in Nashik region of India,
which is mainly dealing in automatic reclosers.
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), Arteche (Spain), Entec Electric
and electronic (Korea), Solomon Corp. (U.S), Hughes Power System (Sweden) and
Ergon Energy (Australia) among others.
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