Recloser Market Overview
Recloser Market was valued at USD 1.5 Billion in 2024 and is projected to grow at a CAGR of 5.20% to reach USD 2.4 Billion by 2034.
A recloser, short for "reclosing circuit breaker," is a specialized electrical device used in power distribution systems to automatically interrupt and restore electrical flow in the event of a fault or a temporary disturbance. They are commonly used in overhead distribution systems, such as those found in residential neighborhoods, commercial areas, and industrial facilities.
Recloser Market Drivers & Restraints
Reduction in Outage Duration
The reduction in outage duration is one of the significant advantages and goals of the recloser market. Reclosers play a pivotal role in minimizing the duration of power outages by quickly identifying and resolving faults in electrical distribution systems. Reclosers are equipped with sensors and protective relays that continuously monitor the electrical circuit for faults, such as short circuits or overloads. When a fault is detected, the recloser's control system responds rapidly.
Restrains:
Reclosers require regular maintenance to ensure their proper functioning. Maintenance costs can add up over time, and utilities may need to invest in training and resources to maintain a fleet of reclosers. Maintenance of reclosers often requires a skilled workforce with expertise in electrical systems and recloser technology. Hiring and training qualified personnel can be costly for utilities and organizations.
Recloser Market Segmentations & Regional Insights
- Recloser Market Segmentation:
Recloser Market is segmented based on Phase Type, Voltage Rating, Insulation Medium, Control Type and Region.
- Phase Type Insight
On the basis of Phase Type, Recloser Market is segmented into Single, Triple-Single, and Three.
- Voltage Rating Insights
On the basis of Voltage Rating, Recloser Market is segmented into 28-38 kV, 16-27kV, Up to15 kV.
- Insulation Medium Insights
On the basis of Insulation Medium, Recloser Market is segmented into Epoxy, Air, and Oil.
- Control Type Insights
On the basis of Control Type, Recloser Market is segmented into Hydraulic, and Electronic.
- Recloser Market Regional Insights:
On region the Recloser Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
- North America market is estimated to witness a significantly high revenue share over the forecast period due to rising investment and funding. The United States and Canada have well-established electrical grids with a significant focus on grid reliability and modernization. Investments in smart grid technologies, grid automation, and distributed energy resources drive the demand for advanced recloser solutions.
- Asia Pacific market is estimated to witness a fastest revenue share over the forecast period. Rapid urbanization and industrialization in countries like China and India are leading to significant investments in grid infrastructure. These regions are increasingly adopting reclosers to enhance grid reliability and reduce downtime, especially in densely populated urban areas.
Report Scope:
Attribute |
Details |
Base year for estimation |
2023 |
Forecast period |
2024 – 2034 |
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
Market Segmentation |
By Phase Type - Single, Triple-Single, and Three By Voltage Rating - 28-38 kV, 16-27kV, Up to15 kV By Insulation Medium - Epoxy, Air, and Oil By Control Type - Hydraulic, and Electronic |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.
Recloser Market Competitive Landscape & Key Players
The key players operating the Recloser Market includes, Solomon Corporation, Tavrida Electric Global, BRUSH Group, Hughes Power System, NOJA Power, GE, G&W Electric Co., S&C Electric Company, Siemens, and Eaton.
Recloser Market Recent News
The New Launched Product News,
- In January 2020, Siemens introduced new compact modular recloser. To replace single-phase, oil-filled reclosers, the new Siemens Compact Modular Recloser (CMR) offers cost-effectiveness and lower maintenance requirements. Every five to seven years, traditional oil-filled reclosers need repair. In contrast, the Siemens CMR has a 25-year pole-top life that requires no maintenance except from the occasional replacement of inexpensive rechargeable batteries.
Recloser Market Highlights
FAQs
The Recloser Market is segmented into Phase Type, Voltage Rating, Insulation, Control Type and Region.
Recloser Market is driven by factors like reduction in outage duration.
The key players operating the Recloser Market includes, Solomon Corporation, Tavrida Electric Global, BRUSH Group, Hughes Power System, NOJA Power, GE, G&W Electric Co., S&C Electric Company, Siemens, and Eaton.
Recloser Market accounted for US$ 1.4 billion in 2022 and is estimated to be US$ 2.4 billion by 2032 and is anticipated to register a CAGR of 5.6%.