Recloser Market Worth 1,033.0 Million by 2021
PUNE, India, July 6, 2016 /PRNewswire/ --
The report "Recloser Market by Voltage Rating (Up to 15 kV, 16 kV - 27kV, Above 27kV), by Phase Type (Three Phase, Single Phase, Triple- Single Phase), by Control (Electric, Hydraulic)), & by Region - Forecast to 2021" published by MarketsandMarkets, The market is expected to grow from an estimated USD 853.1 Million in 2016 to USD 1,033.0 Million by 2021, at a CAGR of 3.90% from 2016 to 2021.
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Browse 68 market data Tables and 42 Figures spread through 137 Pages and in-depth TOC on "Recloser Market"
http://www.marketsandmarkets.com/Market-Reports/reclosers-market-187393365.html
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Increasing investments in distribution automation and growing need for efficient & reliable power are driving the global Recloser Market.
Increasing preference for recloser of capacity Up to 15 kV
Reclosers of voltage rating up to 15 kV are extensively used in commercial and residential applications in distribution networks; therefore the demand for these reclosers is high among all the segments.
Electric recloser is the largest segment, by control
Electric recloser control is used in most three phase and some single phase reclosers, due to its features, which include greater flexibility, advanced protection and automation functionality, and ease of programing in comparison to hydraulic recloser control. This recloser is highly customizable with a wide range of accessories, and can solve several application problems.
North America is the dominant market for reclosers
In this report, the Recloser Market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The North America region holds the largest market for recloser, driven largely by the number of distribution automation developments in the U.S. The Asia-Pacific region will become the largest market by 2021, given strong smart grid initiatives, high investments in T&D infrastructure upgrade, energy efficiency measures, and renewable projects.
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The recloser industry is fragmented and offers several opportunities for consolidation and growth in efficiency through an increase in economies of scale. The industry has low entry and exit barriers. The top players of the Recloser Market include ABB Ltd. (Switzerland), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), General Electric Company (U.S.), and Eaton Corporation (Ireland).
Dominant players are trying to penetrate developing economies and adopting various methods to grab the market share. The scope of the report aids market participants to identify high growth markets and help managing key investment decisions.
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