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Recloser Control Market to Capture Unparalleled Growth with A 6.22% CAGR Growth By 2022
Recloser Control Market by Type (Electric and Hydraulic), Phase Type (Three-Phase, Single-Phase, and Triple-Single Phase), Voltage (Up to 15 Kv, 16 kV–27 Kv, and 28 kV–38 Kv), and Region
According to the new market research report “Recloser Control Market by Type (Electric and Hydraulic), Phase Type (Three-Phase, Single-Phase, and Triple-Single Phase), Voltage (Up to 15 Kv, 16 kV–27 Kv, and 28 kV–38 Kv), and Region - Global Forecast to 2022”, published by MarketsandMarkets™, the global recloser control market is expected to grow at a CAGR of 6.22%, from 2017 to 2022, to reach a market size of USD 1.52 Billion by 2022. The increasing demand for electric power worldwide, rapid industrialization, and increased investment in automated power equipment are factors likely to drive the recloser control market during the forecast period.
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64 - Tables
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The recloser control market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the recloser control industry include Eaton (Ireland), Schneider (France), Tavrida (Switzerland), ABB (Switzerland), and NOJA Power (Australia).
The recloser control market has been segmented based on type into electric and hydraulic control. The electronic control segment is estimated to grow at highest CAGR during the forecast period. Electric controls are widely used in three-phase reclosers and single-phase reclosers as they provide more flexibility, can be easily customized and programmed, and provide advanced protection.
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Based on phase, the triple-single segment is estimated to grow at the highest rate from 2017 to 2022. Triple-single reclosers control provide cost-effective single-phase distribution feeder and achieve significant power reliability with the additional benefit of single-phase tripping. Such recloser controls are rapidly replacing three-phase recloser controls in the power distribution system. The demand for triple-single recloser controls is expected to be higher in developed countries as they are expensive compared to three-phase and single-phase recloser controls.
On the basis of voltage, the demand for recloser controls up to 15 kV are expected to grow at the highest rate from 2017 to 2022. Recloser controls with voltage rating up to 15 kV are mostly used in residential applications and rural distribution lines. Growing urbanization, increasing investment in smart grid projects, and growing commercial, residential, and industrial sectors are expected to drive the growth of this market segment.
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Based on region, the recloser control market in Asia Pacific is projected to grow at the highest rate followed by the Middle East and North America. China accounted for the maximum share in the Asian region in 2016. The increasing demand for automated power equipment due to the rising investment in distribution automation and smart grid applications are likely to have a positive impact on the recloser control market in the APAC region.
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