DALLAS, July 14, 2015 /PRNewswire/ --
The report "Reclosers Market by Phase (Three Phase, Single Phase & Triple-Single Phase) by Control (Electric & Hydraulic) by Geography (U.S., China, India, Russia, Brazil and Others - Global Forecast to 2019" defines and segments the global Recloser Market with an analysis and forecast of the market size. The Reclosers Market is expected to grow from $790.8 Million in 2014 to $957.5 Million by 2019, at a CAGR of 3.9% from 2014 to 2019.
Browse 74 market data Tables and 27 Figures spread through 90 Pages and in-depth TOC on "Reclosers Market"
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Reclosers are used to increase the reliability of the distribution network and protect the distribution network when faults are detected. Once the fault is rectified, reclosers enable service continuity by automatically restoring power to the line. Automated reclosers can be used to store data of variables such as time, current, and voltage at the time of line faults in electronic format. The collected data is useful to analyze the cause of the faults.
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Circuit breakers were conventionally used to disconnect the circuit in case of short circuits and overload. Circuit breakers opened the circuits in case of faults and need manual intervention for closing the circuit, so as to ensure that the proper functioning of the circuit network was resumed. This manual intervention consumed time and resulted in losses in the form of customer outage cost. Reclosers are now being used in distribution networks to avoid any such losses.
With the increasing demand for electricity globally, the efficient distribution of electricity is of paramount importance, so as to minimize the losses incurred because of outages in distribution. A robust distribution network is required to ensure the efficient electricity distribution to the end user. Advanced protective systems like reclosers need to be installed for improved reliability and grid stability. Due to the inefficiency of existing distribution infrastructure, the installation of new distribution lines and refurbishment of older distribution ones is anticipated to be the highest in Asia-Pacific. The Recloser Market in this region is thus expected to be the fastest-growing in the coming years. North America was the largest market for recloser in 2014, due to the presence of a robust and advanced distribution network.
Some of the key players operational in this market include ABB Ltd. (SWITZERLAND), Schneider Electric (Nu-Lec) (France), S&C Electric Company (USA), Tavrida Electric (Russia), Noja Power (Australia), Hubbell Incorporated (USA), G&W Electric (USA), and Xuji (China).
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