The global recloser market is on a trajectory to reach USD 1.5 billion by 2030, a notable increase from the estimated USD 1.1 billion in 2024, with a steady CAGR of 5.0% spanning the period from 2024 to 2030. The future of the recloser market is brimming with potential, driven by a confluence of factors that necessitate grid modernization, improved reliability, and environmental considerations. Aging grid infrastructure across the globe necessitates upgrades to prevent outages and ensure reliable power delivery. Reclosers offer a cost-effective solution for enhancing protection in specific sections of the grid.
Their ability to automatically isolate faults and minimize outage durations aligns perfectly with the goals of grid modernization initiatives. The increasing penetration of renewable energy sources like wind and solar farms requires robust grid integration solutions. Reclosers play a crucial role here by managing the inherent variability of renewable generation. Their ability to handle fault currents associated with these distributed sources and ensure overall grid stability will be increasingly valuable.
Environmental concerns regarding the use of mineral oil in traditional oil-insulated reclosers (OIL reclosers) and SF6 gas in some switchgear alternatives are prompting a shift towards more sustainable options. The future of the recloser market is promising. It hinges on the ability of manufacturers to adapt to evolving grid needs, embrace sustainable technologies, and integrate seamlessly with smart grid systems. By focusing on cost-competitiveness, innovation, and data-driven solutions, the recloser market is poised to play a vital role in ensuring a reliable, efficient, and environmentally conscious power grid of the future.
Upon detecting a fault, they automatically interrupt the current flow using an arc quenching mechanism (oil, vacuum, etc.). Growing environmental regulations and a focus on sustainability are likely to influence the market share within the 16-27 kV range. Solid dielectric reclosers are expected to see increased adoption due to their eco-friendly nature. dvancements in areas like arc quenching technology for AIR reclosers and cost reduction strategies for solid dielectric reclosers could open doors for wider adoption of these sustainable alternatives within the 16-27 kV segment.
After a pre-programmed delay, the hydraulic pressure is released, allowing the contacts to reclose and re-energize the line. This automated cycle continues for a set number of attempts, aiming to clear temporary faults while isolating persistent ones. Hydraulic reclosers were traditionally the dominant technology within the 16-27 kV recloser segment, finding application in various aspects of medium voltage distribution networks such as distribution feeders, overhead lines, substations (in conjunction with other switchgear).
Hydraulic systems necessitate periodic maintenance to ensure proper operation and prevent leaks. This adds to the overall lifecycle cost compared to simpler electronic controls. While their dominance might wane due to the rise of electronic controls, they are likely to remain a viable option for specific applications and within existing infrastructure. As the recloser market evolves, advancements in technology and a focus on cost-effectiveness will determine the future trajectory of hydraulic reclosers.
Their compact size and ease of installation make them suitable for these applications. The growing focus on renewable energy sources like solar and wind farms creates a need for grid integration solutions. Reclosers can manage fault currents associated with these distributed generation sources. The future of the MEA recloser market hinges on addressing specific challenges and capitalizing on emerging trends.
Developing innovative financing models that make reclosers more accessible for utilities with limited budgets will be crucial for market expansion. Building local expertise in recloser installation, maintenance, and operation is essential for wider adoption. Training programs and knowledge-sharing initiatives can bridge this gap. The MEA recloser market is on the cusp of significant growth. By addressing challenges related to financing, expertise, and sustainability, and by offering cost-effective solutions with comprehensive support services, manufacturers can tap into the immense potential of this evolving market.
The tiers of the companies are defined based on their total revenue as of 2021: Tier 1: >USD 1 billion, Tier 2: USD 500 million-1 billion, and Tier 3:
The report also offers a thorough qualitative and quantitative analysis of the recloser market, encompassing a comprehensive examination of the key market drivers, limitations, opportunities, and challenges. Additionally, it covers critical facets of the market, such as an assessment of the competitive landscape, an analysis of market dynamics, value-based market estimates, and future trends in the recloser market. The report provides investment and funding information of key players in the recloser market.
Their ability to automatically isolate faults and minimize outage durations aligns perfectly with the goals of grid modernization initiatives. The increasing penetration of renewable energy sources like wind and solar farms requires robust grid integration solutions. Reclosers play a crucial role here by managing the inherent variability of renewable generation. Their ability to handle fault currents associated with these distributed sources and ensure overall grid stability will be increasingly valuable.
Environmental concerns regarding the use of mineral oil in traditional oil-insulated reclosers (OIL reclosers) and SF6 gas in some switchgear alternatives are prompting a shift towards more sustainable options. The future of the recloser market is promising. It hinges on the ability of manufacturers to adapt to evolving grid needs, embrace sustainable technologies, and integrate seamlessly with smart grid systems. By focusing on cost-competitiveness, innovation, and data-driven solutions, the recloser market is poised to play a vital role in ensuring a reliable, efficient, and environmentally conscious power grid of the future.
16-27 kV segment, by voltage taring, to be second-fastest growing market from 2024 to 2030.
Reclosers serve as the workhorses of medium voltage distribution networks, offering automated fault protection and isolation. While they come in a variety of voltage ratings, a crucial segment lies between 16 kV and 27 kV. Reclosers with a voltage rating of 16-27 kV are specifically designed for medium voltage distribution networks. This range effectively covers the most commonly used voltage levels in medium voltage distribution systems, offering a versatile solution for utilities. These reclosers function as automatic circuit interrupters. They continuously monitor the power line for faults using sensors.Upon detecting a fault, they automatically interrupt the current flow using an arc quenching mechanism (oil, vacuum, etc.). Growing environmental regulations and a focus on sustainability are likely to influence the market share within the 16-27 kV range. Solid dielectric reclosers are expected to see increased adoption due to their eco-friendly nature. dvancements in areas like arc quenching technology for AIR reclosers and cost reduction strategies for solid dielectric reclosers could open doors for wider adoption of these sustainable alternatives within the 16-27 kV segment.
Hydraulic segment, by control type, to be the second-largest market from 2024 to 2030.
Hydraulic reclosers have been the backbone of automated fault protection in medium voltage distribution networks for decades. Their functionality revolves around a unique control mechanism that utilizes hydraulics for operation. Similar to other recloser types, hydraulic reclosers function as automatic circuit interrupters. Sensors continuously monitor the power line for faults. Upon detection, a fault current triggers a rapid increase in pressure within a sealed hydraulic circuit. This pressure surge activates a tripping mechanism that interrupts the current flow using internal contacts. The hydraulic system also plays a role in the reclosing sequence.After a pre-programmed delay, the hydraulic pressure is released, allowing the contacts to reclose and re-energize the line. This automated cycle continues for a set number of attempts, aiming to clear temporary faults while isolating persistent ones. Hydraulic reclosers were traditionally the dominant technology within the 16-27 kV recloser segment, finding application in various aspects of medium voltage distribution networks such as distribution feeders, overhead lines, substations (in conjunction with other switchgear).
Hydraulic systems necessitate periodic maintenance to ensure proper operation and prevent leaks. This adds to the overall lifecycle cost compared to simpler electronic controls. While their dominance might wane due to the rise of electronic controls, they are likely to remain a viable option for specific applications and within existing infrastructure. As the recloser market evolves, advancements in technology and a focus on cost-effectiveness will determine the future trajectory of hydraulic reclosers.
Middle East & Africa to be fourth largest region in recloser market.
The Middle East and Africa (MEA) recloser market presents a unique landscape with immense potential for future growth. Compared to North America or Europe, the MEA recloser market is in a relatively nascent stage. While some established utilities in the region utilize reclosers, overall penetration remains limited. Similar to other regions, aging grid infrastructure in many MEA countries necessitates upgrades for improved reliability and reduced outages. Reclosers offer a cost-effective solution for enhancing fault protection in specific sections of the grid. Government initiatives aimed at expanding electricity access to remote areas in Africa present an opportunity for reclosers.Their compact size and ease of installation make them suitable for these applications. The growing focus on renewable energy sources like solar and wind farms creates a need for grid integration solutions. Reclosers can manage fault currents associated with these distributed generation sources. The future of the MEA recloser market hinges on addressing specific challenges and capitalizing on emerging trends.
Developing innovative financing models that make reclosers more accessible for utilities with limited budgets will be crucial for market expansion. Building local expertise in recloser installation, maintenance, and operation is essential for wider adoption. Training programs and knowledge-sharing initiatives can bridge this gap. The MEA recloser market is on the cusp of significant growth. By addressing challenges related to financing, expertise, and sustainability, and by offering cost-effective solutions with comprehensive support services, manufacturers can tap into the immense potential of this evolving market.
Breakdown of Primaries:
In-depth interviews with key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, were conducted to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The primary interviews were distributed as follows:- By Company Type: Tier 1 - 30%, Tier 2 - 55%, and Tier 3 - 15%
- By Designation: C-Level - 30%, D-Level - 20%, and Others - 50%
- By Region: North America - 18%, Europe - 8%, Asia Pacific - 60%, South America - 4% and
Middle East & Africa - 10%.
Note: Others include sales managers, engineers, and regional managersThe tiers of the companies are defined based on their total revenue as of 2021: Tier 1: >USD 1 billion, Tier 2: USD 500 million-1 billion, and Tier 3:
Research Coverage:
The report provides a comprehensive definition, description, and forecast of the recloser market based on various parameters, including phase (Three-phase, Single-phase, and Triple Single-phase), control type (Electronic, Hydraulic), voltage rating (Up to 15 kV, 16-27 kV, and 28-38 kV), insulation medium (Oil, Air, and Epoxy), and region (Asia Pacific, North America, Europe, Middle East and Africa, South America).The report also offers a thorough qualitative and quantitative analysis of the recloser market, encompassing a comprehensive examination of the key market drivers, limitations, opportunities, and challenges. Additionally, it covers critical facets of the market, such as an assessment of the competitive landscape, an analysis of market dynamics, value-based market estimates, and future trends in the recloser market. The report provides investment and funding information of key players in the recloser market.
Key Benefits of Buying the Report
The report is thoughtfully designed to benefit both established industry leaders and newcomers in the recloser market. It provides reliable revenue forecasts for the entire market as well as its individual sub-segments. This data is a valuable resource for stakeholders, enabling them to gain a comprehensive understanding of the competitive landscape and formulate effective market strategies for their businesses. Furthermore, the report serves as a channel for stakeholders to grasp the current state of the market, providing essential insights into market drivers, limitations, challenges, and growth opportunities. By incorporating these insights, stakeholders can make well-informed decisions and stay informed about the constantly evolving dynamics of the recloser industry.- Analysis of key drivers: (Strategic focus on grid modernization, Emphasis on integrating renewable energy sources into power grids, Expansion of transmission and distribution infrastructure), restraints (Substantial upfront cost associated with reclosers, Standardization and interoperability issues related to reclosers), opportunities (Rapid economic development and population growth in emerging markets, Government-run performance-based incentive schemes for power distribution network operators), and challenges (Lack of standardized security protocols, Intense competition among market players and potential threat of substitutes) influencing the growth of the recloser market.
- Product Development/ Innovation: The recloser market is in a constant state of evolution, with a primary focus on product development and innovation. Leading industry players like Schneider Electric, ABB, Siemens, and General Electric are at the forefront of advancing their product offerings to address shifting demands and environmental considerations. There is a notable shift towards enhancing the intelligence of recloser.
- Market Development: The recloser market is experiencing a surge globally, driven by a confluence of factors that necessitate grid modernization, improved reliability, and environmental considerations. Traditionally, reclosers have served as workhorses in medium voltage distribution networks. These automated circuit interrupters offer a cost-effective solution for enhancing protection in specific sections of the grid. They continuously monitor for faults using sensors, and upon detection, automatically interrupt the current flow using an arc quenching mechanism. However, a key distinction sets them apart: their reclosing sequence. This automated attempt to re-energize the line after a pre-programmed timeframe helps clear temporary faults while isolating persistent ones, minimizing outage durations for unaffected customers. A significant driver of the recloser market is the aging grid infrastructure prevalent in many regions worldwide. Upgrading these aging networks to ensure reliability and prevent outages is paramount. Reclosers offer a cost-effective solution by providing targeted fault protection, making them an attractive option for utilities. The focus on grid modernization further propels the recloser market. These automated devices align perfectly with the goals of these initiatives by providing automated fault isolation and protection capabilities. Additionally, the increasing penetration of renewable energy sources like wind and solar farms necessitates robust grid integration solutions. Reclosers play a crucial role here by managing the inherent variability of renewable generation and ensuring overall grid stability.
- Market Diversification: Traditionally, a single type of recloser might have served the needs of an entire distribution network. However, the evolving landscape of power grids necessitates a more nuanced approach. Solid dielectric reclosers are environmentally friendly alternatives to oil-insulated reclosers (OIL reclosers) are gaining traction. Their use of epoxy resin or other solid insulating materials caters to utilities prioritizing sustainability. Air-insulated reclosers eliminate environmental concerns associated with both oil and SF6 gas used in some switchgear. However, advancements in arc quenching technology and compact designs are crucial for their broader adoption, particularly in space-constrained environments. Single-phase reclosers cater to distribution feeders with predominantly single-phase loads or overhead lines susceptible to single-phase faults caused by lightning strikes or vegetation contact. Their ability to isolate faults on individual phases minimizes outage durations for unaffected customers on healthy phases. Manufacturers are increasingly focused on developing cost-effective solutions across the recloser spectrum. Manufacturers are exploring ways to reduce the production costs of even established OIL reclosers, ensuring they remain a viable choice for utilities with budgetary constraints. The future of the recloser market is no longer a uniform path. Instead, it's a diverse landscape offering a spectrum of solutions tailored to address the specific needs of different utilities and grid sections. By focusing on technological advancements, market segmentation, cost-effectiveness, and regional considerations, the recloser market is well-positioned to play a vital role in a constantly evolving power grid environment.
- Competitive Assessment: A comprehensive evaluation has been conducted to scrutinize the market presence, growth strategies, and service offerings of key players in the recloser market. These prominent companies include Schneider Electric (France), Eaton (Ireland), ABB (Switzerland), NOJA Power Switchgear Pty Ltd (Australia), Siemens (Germany), General Electric (US), Hubbell (US), S&C Electric Company (US), Tavrida Electric (US), ENTEC Electric & Electronic (South Korea), G&W Electric (US), Arteche Group (Spain), Ghorit Electrical Co., Ltd. (China), and others. This analysis provides in-depth insights into the competitive positions of these major players, their approaches to driving market growth, and the range of services they offer within the recloser segment.
Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Recloser Market, by Phase
7 Recloser Market, by Control Type
8 Recloser Market, by Voltage Rating
9 Recloser Market, by Insulation Medium
10 Recloser Market, by Region
11 Competitive Landscape
12 Company Profiles
13 Appendix
Companies Mentioned
- ABB
- Eaton Corporation
- Schneider Electric
- Siemens
- Noja Power Switchgear Pty Ltd
- General Electric
- Hubbell
- S&C Electric Company
- Tavrida Electric
- Entec Electric & Electronic
- G&W Electric
- Arteche Group
- Ghorit Electrical Co. Ltd.
- Iljin Electric
- Hughes Power System
- Wasion Holdings International
- Beijing Sojo Electric Co. Ltd.
- Nikum Energy Control (India) Ltd.
- Shinsung Industrial Electric Co. Ltd.
- Huayi Electric Co. Ltd.
- Schweitzer Engineering Laboratories, Inc.
- Actom
- Geya Electrical Equipment Supply
- Wenzhou Rockwill Electric Co. Ltd.
- Efacec
- Stelmec
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 279 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.1 Billion |
| Forecasted Market Value ( USD | $ 1.5 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
