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By 2025 ,Global Recloser Market size to hit USD 2 Billion

Author : Rahul Sankrityayan | Published Date : 2019-08-13 

Global Market Insights added a new report on global Recloser Market to its research database. The report focuses on global major leading players with information such as company profiles, growth, product segment, technology segment, end user segment and region.

Recloser Market is anticipated to exceed USD 2 Billion by 2025. The recloser market in the present regime has attained significance on the account of the economic growth, rapid urbanization, along with enhanced efforts to establish efficient electricity distribution network. Moreover, considerable fund allocation by regulators to meet the rising demand for grid automation in line with the growing adoption of smart grid will propel the industry scenario.

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Quick and easy installation coupled with improved mechanical protection and space savings are few of the key features that will augment the single phase recloser market. These reclosers find applicability in protection of single-phase lines including taps of a three-phase branches or feeder. In addition, expansion of communication & data centers, offices, public apartments, educational premises, will positively influence industry landscape.

Increasing demand to minimize prolonged outages on electricity distribution networks owing to temporary faults or transient overcurrent conditions coupled with the efforts to upgrade the power distribution capacity to meet the growing energy demand will boost recloser market across the U.S. Furthermore, shifting inclination toward the establishment of efficient electric systems which are capable of resuming electricity service immediately after temporary faults will complement the industry scenario.

Electronic control recloser market will witness growth of over 6% by 2025. Regulatory norms undertaken to increase the automated operation of power distribution network in line with the need for the replacement of the existing hydraulic control reclosers will boost the product demand. Easy programmability and customization, advanced protection, automation functionality and operational flexibility are some of the prime features that will propel the industry growth.

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Accelerating investments toward development of existing networks coupled with enhanced focus to deploy advanced instrumentation & digital technology will drive the recloser market. Allocation of funds by regulatory authorities to modify the outdated grid will further enhance the industry landscape. Saudi Arabia plans to allocate around USD 1.1 trillion for the development of infrastructure project from the year 2019 to 2038.

Oil interruption recloser market is anticipated to witness growth on account of the ease of handling, compact design, and provision for insulation as well as interruption. Capability to protect the system with safety and versatility along with reduced interruption are few other indispensable factors that will complement the product adoption.

Rising power consumption trends coupled with the prominence of automated technologies will boost the Europe recloser market. Growing demand for reliable systems and security during electricity distribution in line with significant fund flow toward smart power distribution systems will augment the product adoption.

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38kV recloser market will observe growth on account of their diverse application across the power & infrastructure sectors. Considerable investments by electric utilities for power distribution over long distances without disturbance along with quick power restoration facility will enhance the business outlook.

Key recloser manufacturers comprise of Tavrida Electric, NOJA Power, Eaton, Schneider Electric, Hughes Power System, ABB, Hubbell, Ensto and G&W Electric amongst others.

Related Report

Gas Insulated Power Equipment Market Report, Competitive Analysis 2019-2024

https://www.globenewswire.com/news-release/2019/04/30/1812264/0/en/Gas-Insulated-Power-Equipment-Market-to-hit-30-billion-by-2025-Global-Market-Insights-Inc.html

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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