Recloser Market by Phase (Three-phase, Single-phase, and Triple Single-phase), Control Type (Electronic and Hydraulic), Voltage Rating (Up to 15 kV, 16-27 kV, and 28-38 kV), Insulation Medium (Oil, air, and epoxy) Region - Global Forecast to 2030
[288 Pages Report] The global recloser market is estimated at USD 1.1 billion in 2024, with a projected growth to USD 1.5 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 5.0%. The global recloser market is poised for significant growth, driven by a confluence of factors that necessitate grid modernization, improved reliability, and a growing emphasis on sustainability. Aging grid infrastructure across the globe necessitates upgrades to prevent outages and ensure reliable power delivery. Reclosers, with their automated fault isolation capabilities, offer a cost-effective solution for enhancing protection in specific sections of the grid. This, coupled with the ongoing focus on grid modernization initiatives worldwide, is expected to fuel the demand for reclosers in the coming years. The increasing penetration of renewable energy sources like wind and solar farms presents both opportunities and challenges for grid operators. Reclosers can play a crucial role in managing the inherent variability of renewable generation by automatically isolating faults and preventing cascading outages.
Furthermore, the evolution of smart grids with advanced communication capabilities necessitates reclosers with similar functionalities. The ability to integrate seamlessly with these automation systems allows for remote monitoring, control, and data analysis, further enhancing grid reliability and efficiency. Environmental considerations regarding the use of mineral oil in traditional oil-insulated reclosers (OIL reclosers) are influencing the market. This has led to the rise of epoxy reclosers which utilize environmentally friendly insulating materials like epoxy resin instead of oil. As environmental regulations evolve and the focus on sustainability intensifies, SDRs are expected to see significant adoption, shaping the future growth trajectory of the recloser market. The future of reclosers lies in continuous innovation and catering to diverse grid needs. Advancements in arc quenching technology for Air-Insulated Reclosers (AIR reclosers) could disrupt the market by offering a completely eco-friendly solution. Additionally, the rise of single-phase reclosers for targeted fault isolation and triple single-phase reclosers for specific applications demonstrates the market's diversification towards specialized solutions. Manufacturers are also focusing on developing cost-effective versions of advanced recloser technologies, making them more accessible to utilities with budgetary constraints.
The global recloser market is on the cusp of exciting growth, driven by the need for grid modernization, the integration of renewable energy sources, and the increasing adoption of sustainable technologies. By focusing on innovation, cost-effectiveness, and catering to diverse market needs, the recloser market is well-positioned to play a vital role in building a more reliable, efficient, and environmentally conscious global power grid of the future.
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Recloser Market Dynamics
Driver: Strategic focus on grid modernization
The global push towards grid modernization is acting as a powerful driver for the growth of the recloser market. A significant portion of the world's power grid infrastructure is aging and deteriorating. Reclosers offer a compelling solution for utilities grappling with grid modernization challenges. Reclosers automatically detect and isolate faults on the power line, minimizing outage durations for unaffected customers on healthy phases of the grid. This not only improves overall reliability but also reduces outage-related costs for utilities. Unlike traditional circuit breakers that require manual intervention, reclosers offer targeted fault protection. They can be strategically placed within the distribution network to isolate faults in specific sections, minimizing the impact on a wider area. Compared to more extensive grid upgrades, deploying reclosers is a relatively cost-effective way to enhance protection and improve reliability in targeted areas of the grid. Reclosers can manage the inherent variability of renewable energy sources by automatically isolating faults caused by sudden changes in power generation. This helps maintain grid stability and facilitates the integration of renewables. The strategic focus on grid modernization presents a significant growth driver for the recloser market. As utilities seek cost-effective solutions to improve grid reliability and integrate renewable energy sources, reclosers are poised to play a crucial role in shaping the future of the power grid.
Restraints: Substantial upfront cost associated with reclosers
While the advantages of reclosers in grid modernization are undeniable, a significant challenge hindering their wider adoption is the substantial upfront cost associated with them. The initial cost of purchasing recloser units themselves can be a significant hurdle, especially for advanced models with features like communication capabilities. The cost of installing reclosers, including labor, materials, and any necessary modifications to the existing grid infrastructure, can add to the overall upfront expense. Utility personnel might require training to operate and maintain these automated devices, adding to the initial investment. The substantial upfront cost associated with reclosers can be a deterrent for utilities, particularly those in developing regions with limited budgets. Utilities with budgetary constraints might prioritize lower-cost solutions or defer deployment of reclosers altogether. While the substantial upfront cost associated with reclosers presents a hurdle, the development of cost-effective solutions, innovative financing models, and a clear understanding of long-term benefits will be crucial in overcoming this restraint and propelling the growth of the recloser market.
Opportunities: Rapid economic development and population growth in emerging markets
Rapid economic development and population growth in emerging economies present a significant opportunity for the recloser market. As economies develop and living standards rise, the demand for electricity soars. This surge in demand puts immense pressure on aging and often inadequate grid infrastructure in these regions. Reclosers, with their ability to enhance grid reliability and protect against outages, become a relevant solution. Many emerging economies are actively investing in infrastructure development, including their power grids. This creates an opportunity for the deployment of new technologies like reclosers to build a more robust and reliable power infrastructure from the ground up. Emerging economies are increasingly looking towards renewable energy sources like solar and wind to meet their growing energy needs. Reclosers play a crucial role here by managing the inherent variability of renewable generation and ensuring overall grid stability. The recloser market has the potential to flourish in emerging economies. By offering a cost-effective solution for grid modernization, improved reliability, and renewable energy integration, reclosers can play a vital role in powering the growth and development of these regions.
Challenges: Lack of standardized cybersecurity protocols
The increasing integration of reclosers with smart grid systems unlocks a plethora of benefits, from remote monitoring to data-driven grid management. However, this integration also exposes a critical challenge: the lack of standardized cybersecurity protocols for reclosers. Traditional reclosers operated as standalone devices. However, the integration of communication modules allows them to connect with supervisory control and data acquisition (SCADA) systems within smart grids. This connectivity introduces potential cybersecurity vulnerabilities. The lack of standardized cybersecurity protocols can hinder the growth of the recloser market in several ways. Utilities might be hesitant to deploy reclosers due to cybersecurity concerns. The potential risks associated with a compromised recloser could outweigh the perceived benefits, slowing down market adoption. Manufacturers might be reluctant to invest in advanced features like communication capabilities if there's no clear standard for securing these functionalities. This could stifle innovation in the recloser market. As regulators become increasingly aware of cybersecurity threats, they might impose stricter regulations on the deployment of reclosers, potentially creating additional hurdles for the market.
Recloser Market Ecosystem
The market for recloser is marked by the participation of leading companies that are firmly established, financially robust, and possess substantial expertise in the production of switchgear and related components. These companies hold a significant market presence and provide a wide array of product offerings. They harness advanced technologies and maintain extensive global sales and marketing networks. Among the notable players in this market are Eaton (Ireland), ABB (Switzerland), Siemens (Germany), and Schneider Electric (France), NOJA Power Switchgear Pty Ltd (Australia), General Electric (US), Hubbell (US), S&C Electric company (US), Tavrida Electric (US), and Arteche Group (Spain).
Three-phase segment, by phase, to have the largest market share during forecast period
While single-phase reclosers address specific needs in distribution networks, three-phase reclosers are the workhorses when it comes to protecting entire three-phase circuits. Unlike single-phase reclosers that address faults on individual phases, three-phase reclosers are designed to provide comprehensive protection for all three phases of a power line simultaneously. They continuously monitor the current flowing through each phase using sensors. In the event of a fault, all three phases trip and open automatically. By isolating all three phases simultaneously, three-phase reclosers minimize the impact of faults on the entire circuit, potentially preventing cascading outages and reducing overall downtime for customers. They contribute to a more reliable power supply by preventing faults in one phase from escalating and affecting the entire circuit. By isolating faults quickly, three-phase reclosers help safeguard downstream equipment from damage caused by sustained overcurrents. As the need for robust grid protection grows, three-phase reclosers are poised to remain a vital component of a secure and efficient power grid of the future.
Epoxy segment, by insulation medium, to emerge as largest segment of recloser market.
In the ever-evolving landscape of recloser technology, epoxy reclosers are emerging as champions of sustainability. Unlike their traditional oil-insulated counterparts, epoxy reclosers utilize a solid epoxy resin as the insulating medium instead of mineral oil. This shift offers significant environmental advantages and is shaping the future of the recloser market. Traditional OIL reclosers, while effective in fault protection, raise environmental concerns. Leaks or improper disposal of mineral oil can pose a threat to soil and water resources. Additionally, the production and transportation of oil contribute to the overall carbon footprint of the power grid. Epoxy reclosers address these concerns by utilizing a solid epoxy resin for insulation. This eliminates the risk of oil leaks and simplifies disposal at the end of the recloser's life cycle. Furthermore, epoxy resin production generally has a lower environmental impact compared to mineral oil. These reclosers are the preferred choice for protecting grids in areas with strict environmental regulations or near ecologically sensitive locations. The compact design and fire safety benefits make epoxy reclosers well-suited for deployment in urban environments with space constraints. While OIL reclosers will likely remain in operation for some time, the future of the recloser market points towards a growing preference for epoxy resin technology. Their environmental benefits, combined with strong performance characteristics, make them a compelling choice for utilities and a key driver towards a more sustainable and environmentally conscious power grid. As regulations evolve and the focus on sustainability intensifies, epoxy reclosers are poised to become the standard bearer in the recloser market of the future.
Electronic segment, by control type, to grow at highest CAGR from 2024 to 2030.
Electronic control reclosers utilize sophisticated electronic circuitry and software to manage the entire fault protection process, offering several advantages over traditional mechanical controls. Electronic controls can record detailed data about fault events, such as fault current magnitude, duration, and phase involved. This data can be crucial for analyzing the root cause of faults, improving future maintenance practices, and preventing similar occurrences. Advanced models can integrate with communication networks, enabling remote monitoring and control. This allows utilities to monitor recloser performance in real-time, receive fault notifications, and even adjust settings remotely. Sophisticated algorithms within the electronic control unit can analyze fault conditions and initiate tripping actions faster than mechanical systems, potentially minimizing outage durations. Electronic controls can be programmed to coordinate protection with other reclosers and protective devices on the grid, ensuring a more efficient and targeted response to faults. This minimizes the impact of faults on unaffected sections of the grid. As communication capabilities become more prevalent, robust cybersecurity measures will be essential to safeguard electronic control systems from potential cyberattacks. Electronic controls will play a crucial role in integrating reclosers seamlessly with smart grid systems, enabling advanced fault analysis, predictive maintenance, and grid optimization strategies.
The Asia Pacific recloser market is poised to achieve the highest CAGR throughout the forecast period.
The Asia Pacific region is poised to be a dominant force in the global recloser market, driven by a confluence of factors that necessitate grid modernization, population growth, and increasing demand for electricity. Many countries in Asia Pacific are experiencing rapid economic growth and urbanization. This necessitates significant investments in infrastructure development, including power grids. However, many existing grids in the region are aging and deteriorating, creating a demand for reliable and cost-effective solutions like reclosers to enhance protection and improve reliability. The Asia Pacific region is witnessing a surge in renewable energy deployment, particularly solar and wind farms. Reclosers play a crucial role in integrating these variable renewable sources into the grid. Their ability to automatically isolate faults caused by sudden changes in power generation helps maintain grid stability and ensure reliable power delivery. Budgetary constraints are a reality for many utilities in the region. Reclosers offer a cost-effective solution for targeted grid improvements compared to extensive grid overhauls. This makes them an attractive option for utilities to enhance reliability in specific sections of the grid while maximizing the impact of limited resources. China is expected to remain the largest market for reclosers in the region due to its massive aging grid infrastructure and ongoing modernization efforts. India is another significant player with a growing focus on grid modernization and renewable energy integration. The demand for single-phase reclosers for overhead lines is expected to be high in this market. Countries like Australia and South Korea already have relatively well-developed grids. However, the focus here might shift towards advanced recloser technologies with features like communication capabilities for enhanced grid management. By catering to diverse regional needs through a combination of established and advanced recloser technologies, manufacturers can play a vital role in supporting the development of a more reliable, efficient, and sustainable power grid across the Asia Pacific region.
Key Market Players
Schneider Electric (France), Eaton (Ireland), Siemens (Germany), NOJA Power Switchgear Pty Ltd (Australia), ABB (Switzerland), General Electric (US), Hubbell (US), S&C Electric company (US), Tavrida Electric (US), ENTEC Electric & Electronic (South Korea), G&W Electric (US), and Arteche Group (Spain)
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Report Metric |
Details |
|
Market Size available for years |
2020–2030 |
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Base year considered |
2023 |
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Forecast period |
2024–2030 |
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Forecast units |
Value (USD Million) |
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Segments covered |
By Phase, By Control type, By Voltage Rating, By Insulation Medium |
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Geographies covered |
Asia Pacific, North America, Europe, Middle East and Africa, and South America |
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Companies covered |
Schneider Electric (France), Eaton (Ireland), ABB (Switzerland), Siemens (Germany), NOJA Power Switchgear Pty Ltd (Australia), 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), ILJIN ELECTRIC (South Korea), Hughes Power Systems (Sweden), Ghorit Electrical Co., Ltd. (China), Shinsung Industrial Electric co., Ltd. (South Korea), Schweitzer Engineering Laboratories, Inc. (US) |
The recloser market is classified in this research report based on phase, control type, voltage rating, insulation medium, and region.
Based on phase:
- Three-phase
- Single-phase
- Triple Single-phase
Based on control type:
- Electronic
- Hydraulic
Based on voltage rating:
- Up to 15 kV
- 16-27 kV
- 28-38 kV
Based on insulation medium:
- Oil
- Air
- Epoxy
Based on regions:
- North America
- Asia Pacific
- South America
- Europe
- Middle East and Africa
Recent Developments
- In November 2023, ABB invested in opening a new multipurpose building, which will incorporate sustainable features such as recycled concrete and energy-efficient systems.
- In August 2023, Eaton partnered with AMP Energy, a clean energy developer, to provide the Xeni Gwet'in First Nation with a modernized power distribution system. The partnership aims at addressing challenges related to grid access in Xeni Gwet'in First Nation.
- In February 2023, Enedis and Schneider Electric launched a project around a new generation of MV/LV substation equipment as an alternative to the use of SF6 (sulfur hexafluoride) gas. This gas, used in MV electrical equipment for its high insulating and dielectric properties, is extremely useful for medium- and high-voltage electrical distribution.
Frequently Asked Questions (FAQ):
What is the current size of the global recloser market?
The global recloser market is estimated to be USD 1,150.9 million in 2024.
What are the major challenges for recloser market?
Despite the promising growth projections, the recloser market faces a few key hurdles. A significant challenge is the upfront cost associated with reclosers, particularly advanced models with communication functionalities. This can be a deterrent for utilities, especially in budget-constrained regions. Additionally, the lack of standardized cybersecurity protocols for reclosers integrated into smart grids raises concerns about potential vulnerabilities. Addressing these cost considerations and establishing robust cybersecurity measures will be crucial for ensuring the widespread adoption of reclosers and paving the way for a secure and reliable grid of the future.
Which phase has the largest market share in the recloser market?
Three-phase reclosers dominate the recloser market for several compelling reasons. Unlike single-phase reclosers that address faults on individual lines, three-phase models offer comprehensive protection for all three phases of a power circuit simultaneously. This translates to faster fault isolation, minimizing outage durations and protecting downstream equipment from damage. Their ability to handle higher currents compared to single-phase counterparts makes them ideal for protecting critical infrastructure like substation feeders and distribution lines serving sensitive loads. Additionally, three-phase reclosers offer a cost-effective solution compared to extensive grid upgrades, making them a practical choice for utilities seeking to enhance grid reliability in specific sections. These factors combined – comprehensive protection, suitability for critical infrastructure, and cost-effectiveness – solidify the position of three-phase reclosers as the workhorses of the recloser market.
Which region holds second largest market share in the recloser market?
North America holds the second-largest share of the global recloser market due to a confluence of factors. Firstly, the region has a well-established and mature power grid infrastructure, but with aging components. Reclosers offer a cost-effective solution for targeted upgrades, improving reliability in specific sections without extensive grid overhauls. Secondly, the focus on grid modernization initiatives in North America creates a strong demand for advanced recloser technologies. These features, like communication capabilities and automated data collection, support a smarter grid with improved efficiency and remote monitoring functionalities. Finally, the presence of established players in the recloser market, coupled with a growing emphasis on reliable power delivery and integrating renewable energy sources, positions North America as a key driver for recloser adoption.
Which is the largest segment, by control type in the recloser market during the forecast period?
Electronic control reclosers rule the market due to their versatility. Unlike mechanical controls, they offer programmable settings for customized protection, record fault data for better analysis, and even connect to the grid for remote monitoring and control. These advanced features translate to faster response times, improved reliability, and a smarter overall grid, making them the clear choice for utilities. .
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This study encompassed significant efforts in determining the present size of the recloser market. It commenced with a thorough secondary research process to gather data related to the market, similar markets, and the overarching industry. Subsequently, these findings, assumptions, and market size calculations were rigorously validated by consulting industry experts across the entire supply chain through primary research. The total market size was assessed by conducting an analysis specific to each country. Following that, the market was further dissected, and the data was cross-referenced to estimate the size of various segments and sub-segments within the market.
Secondary Research
In this research study, a wide range of secondary sources were utilized, including directories, databases, and reputable references such as Hoover's, Bloomberg BusinessWeek, Factiva, World Bank, the US Department of Energy (DOE), and the International Energy Agency (IEA). These sources played a crucial role in gathering valuable data for a comprehensive analysis of the global recloser market, covering technical, market-oriented, and commercial aspects. Additional secondary sources included annual reports, press releases, investor presentations, whitepapers, authoritative publications, articles authored by well-respected experts, information from industry associations, trade directories, and various database resources.
Primary Research
The recloser market involves a range of stakeholders, including component manufacturers, product manufacturers/assemblers, distributors, and end users within the supply chain. The demand for this market is primarily driven by end users such as transmission and distribution utilities, commercial and residential sectors, and industries. Additionally, the increasing demand from railways and metros contributes to market growth. On the supply side, there is a notable trend of heightened demand for contracts from the industrial sector and a significant presence of mergers and acquisitions among major players.
To gather qualitative and quantitative insights, various primary sources from both the supply and demand sides of the market were interviewed. The following breakdown presents the primary respondents involved in the research study.
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Market Size Estimation
The estimation and validation of the recloser market size have been conducted using a bottom-up approach. This approach was rigorously employed to ascertain the dimensions of multiple subsegments within the market. The research process comprises the following key stages.
- In this method, the production statistics for each type of recloser have been examined at both the country and regional levels.
- Thorough secondary and primary research has been conducted to gain a comprehensive understanding of the global market landscape for various segments of reclosers.
- Numerous primary interviews have been undertaken with key experts in the field of recloser development, encompassing important OEMs and Tier I suppliers.
- When calculating and forecasting the market size, qualitative factors such as market drivers, limitations, opportunities, and challenges have been taken into account.
Global Recloser Market Size: Bottom-Up Approach
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Data Triangulation
The process of determining the overall market size involved the methodologies described earlier, followed by segmenting the market into multiple segments and subsegments. To finalize the comprehensive market analysis and obtain precise statistics for each market segment and subsegment, data triangulation and market segmentation techniques were applied, as appropriate. Data triangulation was accomplished by examining various factors and trends from both the demand and supply perspectives within the ecosystem of the recloser market.
Market Definition
In the power distribution industry, a recloser can be defined as an automatic circuit interrupting device specifically designed for medium voltage applications. Unlike traditional circuit breakers requiring manual intervention, reclosers are equipped with sensors that detect faults on the power line. Upon detecting a fault, they automatically interrupt the current flow using an arc quenching mechanism, typically oil or a vacuum. However, a key distinction sets reclosers apart: they incorporate an automatic reclosing sequence. This attempts to re-energize the line after a pre-programmed timeframe, aiming to clear temporary faults while isolating persistent ones. This automated process minimizes outage durations for unaffected customers on healthy phases of the line. Reclosers are strategically placed within medium voltage distribution networks, typically ranging from 15 kV to 38 kV. Their deployment can be found on distribution feeders, overhead lines, and even within substations where they work in conjunction with other switchgear for comprehensive protection.
Key Stakeholders
- Government and research organizations
- State and national regulatory authorities
- Organizations, forums, alliances, and associations
- Institutional investors
- Investors/shareholders
- Environmental research institutes
- Integrated device manufacturers (IDMs)
- Recloser raw material and component manufacturers
- Recloser manufacturers, dealers, and suppliers
- Power utilities and other end users
- Consulting companies in the energy and power domain
- Investment banks
Objectives of the Study
- To describe and forecast the recloser market, in terms of value, by phase, control type, voltage rating, insulation medium, and region
- To forecast the recloser market, in terms of volume, by voltage rating
- To forecast the market for various segments, in terms of value, with regard to five regions: North America, South America, Europe, Asia Pacific, and the Middle East & Africa, along with their key countries
- To provide detailed information about the key factors, such as drivers, restraints, opportunities, and challenges, influencing the market’s growth
- To strategically analyze the subsegments with respect to individual growth trends, prospects, and contributions of each segment to the overall market size
- To study the complete supply chain and allied industry segments and perform a supply chain analysis of the recloser landscape
- To strategically analyze the regulatory landscape, tariff, standards, patents, Porter’s five forces, import and export scenarios, trade values, and case studies pertaining to the market under study
- To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the recloser market
- To profile the key players and comprehensively analyze their market position in terms of ranking and core competencies1, along with detailing the competitive landscape for the market leaders
- To analyze competitive developments such as agreements, partnerships, product launches, acquisitions, contracts, expansions, and investments in the recloser market
Available Customization
With the given market data, MarketsandMarkets offers customizations based on the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product Matrix, which provides a detailed comparison of the product portfolio of each company
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Recloser Market
Could you please let us know the Recloser Market, By Voltage: Up to 15 kV; 16–27 kV; 28–38 kV. How much percentage each?