LONDON, Jan. 7, 2016 /PRNewswire/ -- The global recloser market is expected to grow at a CAGR of 3.9% from 2014 to 2019. The most important drivers for the growth of this market are the rising need to reduce customer outage cost and upgrading of power infrastructure in different regions. Developing countries in regions, such as Asia Pacific and RoW are the new revenue pockets for the global recloser market.
The global recloser market report elaborates the important aspects of the market, including analysis of the value chain, drivers, restraints, and competitive landscape of major recloser manufacturers. The report also profiles the key developments undertaken by recloser manufacturers globally that have a significant impact on the global recloser market.
The report covers the detailed insight into the segments, such as phase, control, and region. Based on phase, the market has been segmented into single phase recloser, three phase recloser, and triple single recloser. The three phase recloser segment dominated the global recloser market, and contributed a share of more than 90.0% in 2014. Triple single recloser is the fastest-growing segment of the global recloser market, owing to the fact that triple single reclosers can trip each of the three phases, which is not the case with three phase reclosers.
The global recloser market has also been segmented based on the type of control used into electrically controlled and hydraulically controlled. The electrically controlled segment contributed the higher share to the global recloser market, as these types of reclosers are more accurate than the hydraulically controlled ones. Cooper Industries (Eaton Corporation) (Ireland) is the only major manufacturer of the hydraulic reclosers globally.
Geographically, North America dominated the global recloser market in terms of revenue. This high share can be attributed to a robust distribution network and higher power consumption in this region. The U.S. dominated the North American recloser market, due to the presence of a robust distribution network. The Asia-Pacific recloser market is the fastest-growing market globally, due to the rising need to ensure uninterrupted power supply and expanding power transmission and distribution network in this region. Developing countries, such as India and China are expected to witness high growth in the Asia-Pacific recloser market, owing to the increasing demand for electricity from the industrial sector in these countries.
Download the full report: https://www.reportbuyer.com/product/3110109/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers