The recloser market is forecast to be worth USD 1033.0 million by 2021.
Key Topics Covered:
The report identifies and addresses key markets for reclosers, which is useful for suppliers and OEMs to review production and distribution plans
The report includes analysis for key countries by voltage rating of reclosers, i.e., Up to 15 kV, 16 kV-27 kV, and above 27 kV. It analyzes historical trends and also forecast for 2021, assisting in strategic decision making
It also presents competition by analyzing recent market developments such as key contracts, expansions, and new product launches from the key global market players. It helps understand the competition strategies and plan respective initiatives
Three phase reclosers have been predominantly used in industrial applications, due to their large power-carrying capacity and suitability for operations of heavier electrical equipment. They are used in the three phase distribution systems. Asia-Pacific and South America are expected to show high growth in the three phase distribution segment, owing to the increasing demand for three phase power from industries in India, China, Brazil, and Argentina. Hence, the demand for three phase reclosers is expected to be higher in these countries.
The recloser market in North America is expected to grow at the highest growth rate, due to a large number of distribution automation projects in the U.S. The Asia-Pacific region will become the largest market by 2021, given smart grid initiatives, high investments in T&D infrastructure development, energy efficiency measures, and renewable projects. Governments in the region have taken various steps for renewable energy programs, driving the demand for the usage of reclosers.