Recloser Market Share, Size, Growth, Trends, Industry Analysis Report by Phase Type (Three Phase, Single Phase, Triple-single Phase); By Control Type; By Voltage Rating; By Insulation Medium; By Region; and Forecast 2023–2032

Recloser Market Share, Size, Growth, Trends, Industry Analysis Report by Phase Type (Three Phase, Single Phase, Triple-single Phase); By Control Type; By Voltage Rating; By Insulation Medium; By Region; and Forecast 2023–2032

The global recloser market size is expected treach USD 1,755.22 million by 2032, according ta new study by Polaris Market Research. The report “Recloser Market Share, Size, Growth, Trends, Industry Analysis Report by Phase Type (Three Phase, Single Phase, Triple-single Phase); By Control Type; By Voltage Rating; By Insulation Medium; By Region; and Forecast 2023-2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Deployment of smart grid technology, growing adoption of renewable energy sources, and increasing investments in the renewable energy sector. The market is expected tbenefit from the rising demand for reliable and efficient power supply systems and government initiatives timprove electricity access in underdeveloped regions. The need for advanced recloser technology is alsrising due tthe increasing adoption of renewable energy sources, particularly solar and wind power. These trends are expected tfuel the growth of the recloser market.

In addition tthe growing demand for power supply automation, the renewable energy sub-sector has alsbeen receiving significant investments, expected tdrive market growth in recent years. The use of smart grid monitors is becoming increasingly important in managing electricity transmission from source tend-users, as it helps reduce costs while improving energy security, stability, resilience, and reliability of the power system. This trend is expected tfurther boost the market for smart grid monitors and related technologies in the coming years.

In February 2022, Eaton Corporation announced the launch of its new Cooper Power series NOVA NX-T recloser, which features improved reliability, enhanced communication capabilities, and a compact design aiming at improving the efficiency and reliability of power distribution networks. Earlier this spring, Eaton and LG announced the launch of a ground-breaking project, “Residential Virtual Power Plant.”

Recloser Market Report Highlights

Three Phase segment accounted for over significant share of the global market share in 2022 due tthe high ability thandle high currents, smaller conductor size, and lower installation costs.

The 0-15 kV is expected thold the largest share in the recloser market due tincreasing demand for safe substation equipment, particularly automatic circuit reclosers.

Vacuum-type reclosers dominate the market owing tsuperior arc quenching, reliability, cost-efficiency, eco-friendliness, and recyclability. This leads thigh demand for its durability, low mechanical stress, reduced cost, and safe operation.

The electronic segment is projected tgrow fastest during the study period, driven by its features, including smart grids, distribution automation systems, and the need for protection from voltage.

Asia Pacific is poised tgrow at a significant rate, owing trising demand for reliable power supply and increasing investment in grid infrastructure tmeet the growing electricity needs of its growing population.

The global key market players include ABB, Eaton, Siemens, G&W Electric, and General Electrics.

Polaris Market Research has segmented the recloser market report based on phase type, control type, voltage rating, insulation medium, end-use, and region:

Recloser Market, Phase Outlook (Revenue - USD Million, 2019 - 2032)

Single-Phase

Three-Phase

Triple Single Phase

Recloser Market, Control Outlook (Revenue - USD Million, 2019 - 2032)

Hydraulic

Programmable Resettable

Electric

Resettable Electronic

Recloser Market, Voltage Type Outlook (Revenue - USD Million, 2019 - 2032)

High Voltage

Medium Voltage

Low Voltage

Recloser Market, Voltage Rating Outlook (Revenue - USD Million, 2019 - 2032)

Up t15 kV

16-27 kV

27-38 kV

Recloser Market, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

Oil

Air

Epoxy

Recloser Market, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Austria

Romania

Poland

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Australia

Singapore

Latin America

Argentina

Brazil

Columbia

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Qatar