The North America Recloser Market would witness market growth of 4.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Recloser Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $321.2 million by 2031. The Canada market is registering a CAGR of 6.3% during (2024 - 2031). Additionally, The Mexico market would showcase a CAGR of 5.6% during (2024 - 2031).
Technological advancements have played a significant role in shaping the market, with innovations such as smart grid capabilities, communication protocols, and predictive maintenance features transforming traditional recloser devices into intelligent assets capable of optimizing grid performance. These advancements enable utilities to remotely monitor, control, and analyse distribution networks in real-time, leading to improved operational efficiency and cost-effectiveness.
As technology rapidly innovates, consumers are adopting more reclosers. Also, awareness is increasing among consumers and businesses about the importance of power quality, including voltage regulation and transient fault management, creating a market demand for reclosers that can address these concerns effectively. Renewable energy generation patterns may not always align with demand, leading to mismatches between supply and consumption.
The demand for reclosers in North America is rising, driven by increasing blackouts and urbanization. Recent examples underscore the importance of reclosers in mitigating the effects of blackouts. For instance, in 2020, Hurricane Laura caused widespread damage and power outages across Louisiana and Texas. Utilities in the affected areas relied on reclosers to identify and isolate faults quickly, enabling faster power restoration to impacted communities. Thus, the aforementioned trends in North America create a favourable environment for the market.
Based on Control Type, the market is segmented into Electronic and Hydraulic. Based on Phase, the market is segmented into Three Phase, Single Phase, and Triple Single Phase. Based on Voltage Rating, the market is segmented into Upto 15 KV, 16 to 27 KV, and 28 to 38 KV. Based on Insulation Medium, the market is segmented into Epoxy, Air, and Oil. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The US market dominated the North America Recloser Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $321.2 million by 2031. The Canada market is registering a CAGR of 6.3% during (2024 - 2031). Additionally, The Mexico market would showcase a CAGR of 5.6% during (2024 - 2031).
Technological advancements have played a significant role in shaping the market, with innovations such as smart grid capabilities, communication protocols, and predictive maintenance features transforming traditional recloser devices into intelligent assets capable of optimizing grid performance. These advancements enable utilities to remotely monitor, control, and analyse distribution networks in real-time, leading to improved operational efficiency and cost-effectiveness.
As technology rapidly innovates, consumers are adopting more reclosers. Also, awareness is increasing among consumers and businesses about the importance of power quality, including voltage regulation and transient fault management, creating a market demand for reclosers that can address these concerns effectively. Renewable energy generation patterns may not always align with demand, leading to mismatches between supply and consumption.
The demand for reclosers in North America is rising, driven by increasing blackouts and urbanization. Recent examples underscore the importance of reclosers in mitigating the effects of blackouts. For instance, in 2020, Hurricane Laura caused widespread damage and power outages across Louisiana and Texas. Utilities in the affected areas relied on reclosers to identify and isolate faults quickly, enabling faster power restoration to impacted communities. Thus, the aforementioned trends in North America create a favourable environment for the market.
Based on Control Type, the market is segmented into Electronic and Hydraulic. Based on Phase, the market is segmented into Three Phase, Single Phase, and Triple Single Phase. Based on Voltage Rating, the market is segmented into Upto 15 KV, 16 to 27 KV, and 28 to 38 KV. Based on Insulation Medium, the market is segmented into Epoxy, Air, and Oil. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Schneider Electric SE
- Eaton Corporation
- ABB Ltd.
- Siemens AG
- General Electric Company
- Hubbell Incorporated
- S&C Electric Company
- ENTEC Electric & Electronic Co. Ltd
- G&W Electric Company
- NOJA Power Switchgear Pty. Ltd.
Market Report Segmentation
By Control Type- Electronic
- Hydraulic
- Three Phase
- Single Phase
- Triple Single Phase
- Upto 15 KV
- 16 to 27 KV
- 28 to 38 KV
- Epoxy
- Air
- Oil
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Recloser Market by Control Type
Chapter 6. North America Recloser Market by Phase
Chapter 7. North America Recloser Market by Voltage Rating
Chapter 8. North America Recloser Market by Insulation Medium
Chapter 9. North America Recloser Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Schneider Electric SE
- Eaton Corporation
- ABB Ltd.
- Siemens AG
- General Electric Company
- Hubbell Incorporated
- S&C Electric Company
- ENTEC Electric & Electronic Co. Ltd
- G&W Electric Company
- NOJA Power Switchgear Pty. Ltd.
Methodology
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