Global Recloser Market Insights Forecasts to 2033

• The Global Recloser Market Size was Valued at USD 1.24 Billion in 2023
• The Market Size is Growing at a CAGR of 5.31% from 2023 to 2033
• The Worldwide Recloser Market Size is Expected to Reach USD 2.08 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Recloser Market Size is Anticipated to Exceed USD 2.08 Billion by 2033, Growing at a CAGR of 5.31% from 2023 to 2033.

Market Overview

Reclosers are specialized circuit breakers mostly used in overhead distribution systems to guard against short circuits and faults in power lines. It automatically identifies anomalies in the electrical system and cuts off power to determine the problem. A recloser can try to restore power after a brief interruption, in contrast to conventional circuit breakers that stay open until they are manually reset. If the problem has cleared, it will automatically close its connections many times quickly, resuming the flow of electricity. Reclosers frequently have sophisticated management and monitoring features, such as remote connectivity, which let utilities efficiently manage and identify problems. By cutting down on downtime and requiring less manual intervention, this technology contributes to improving the resilience and dependability of electrical distribution networks. The country's increasing industrialization and commercialization due to technological improvements and increasing urbanization are major factors boosting energy consumption. Economic growth depends on industry development, which includes the level of competition, consumer purchasing power, mergers and acquisitions, joint ventures and collaborations, investments, and the emergence of new projects. The power sector needs more reclosers as a result of rising power consumption, which enables utilities to build more transmission and distribution networks.

Report Coverage

This research report categorizes the market for the global recloser market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global recloser market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global recloser market.

Driving Factors

The recloser market is expanding as a result of the strong worldwide push towards grid modernization. The infrastructure of the global electricity system is largely getting older and more degraded. Reclosers present utilities facing grid modernization difficulties with a strong answer. Reclosers minimize outage times for unaffected consumers during grid-healthy phases by automatically detecting and isolating power line problems. This lowers utility outage-related expenditures while simultaneously increasing overall dependability. Reclosers provide targeted fault protection as opposed to manual intervention required by standard circuit breakers. By carefully placing them across the distribution network, they can isolate faults in certain areas and lessen their influence on a larger region. Deploying reclosers is a reasonably inexpensive technique to increase protection and dependability in specific grid locations when compared to more broad improvements.

Restraining Factors

One major obstacle to their adoption is their high upfront cost. The cost of recloser units themselves can be prohibitively expensive, particularly for more advanced models that have communication capabilities. The total upfront cost can also be increased by the cost of installing reclosers, which includes labor, materials, and any necessary adjustments to the current grid infrastructure.

Market Segmentation

The global recloser market share is classified into machine type, control, insulation, and voltage.

• The single phase recloser segment is anticipated to dominate the market during the forecast period.

Based on the machine type, the global recloser market is divided into single phase recloser, three phase recloser, and triple single recloser. Among these, the single phase recloser segment is anticipated to dominate the market during the forecast period. Single-phase distribution networks predominate in many places, especially in suburban and rural regions. Utilities that oversee these networks prefer to use single-phase reclosers since they are made especially to function well in these kinds of conditions. Above all, single-phase reclosers are frequently less expensive than their three-phase equivalents.

• The electronic segment is estimated to dominate the market during the projected timeframe.

Based on the control, the global recloser market is divided into electronic, hydraulic, and micro-processor. Among these, the electronic segment is estimated to dominate the market during the projected timeframe. Microprocessor-based controllers, communication modules, and electronic sensors provide the enhanced monitoring and control capabilities of electronic control reclosers. These features improve grid visibility and control by enabling utilities to remotely monitor, diagnose, and manage recloser operations in real-time.

• The epoxy-insulated recloser segment is anticipated to dominate the market during the forecast period.

Based on the insulation, the global recloser market is divided into epoxy-insulated recloser, gas-insulated recloser, and oil-insulated recloser. Among these, the epoxy-insulated recloser segment is anticipated to dominate the market during the forecast period. Compared to reclosers insulated with oil or gas, epoxy-insulated reclosers have improved safety characteristics. Epoxy insulation lowers the possibility of environmental pollution and fire threats by eliminating the possibility of oil leaks or gas emissions. Moreover, human operating dangers are reduced and relatively little upkeep is needed for epoxy-insulated reclosers.

• The 16-27 KV segment is expected to dominate the market during the forecast period.

Based on the voltage, the global recloser market is divided into up to 15 KV, 16-27 KV, and 28-38 KV. Among these, the 16-27 KV segment is expected to dominate the market during the forecast period. In medium-voltage distribution networks across the world, the voltage range of 16–27 kV is frequently utilized. This voltage range is frequently used for distribution infrastructure as it is suitable for providing electricity to industrial, commercial, and residential users. Furthermore, the voltage range of 16–27 kV provides a well-balanced mix of affordability and performance.

Regional Segment Analysis of the Global Recloser Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global recloser market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global recloser market over the predicted timeframe. The Asia Pacific region is seeing rapid industrialization and urbanization, which is driving up the need for power. The need for reclosers in the region is being driven by the necessity of a dependable power distribution infrastructure to support industrial and urban expansion. In addition, governments throughout the Asia-Pacific region are spending considerable amounts of money modernizing and enlarging their electrical infrastructure to fulfill the region's rising energy demands. Investing in transmission and distribution networks is part of this, since reclosers play a crucial role in enhancing grid dependability and reducing downtime. Furthermore, a lot of Asian countries make investments in clean energy technologies like wind and solar energy. Reclosers are being adopted in the region because they facilitate the management of renewable energy integration into the grid by preserving system stability and reacting fast to changes in generation.

North America is expected to grow at the fastest pace in the global recloser market during the forecast period. The desire for enhanced services from customers, energy efficiency objectives, and regulatory requirements are driving the rapid deployment of smart grid technology in North America. In the region, electronic reclosers with smart grid features like automation, communication, and remote monitoring are becoming more popular. These features help utilities enhance customer service and optimize grid operations. Reclosers are essential components that make it easier to integrate renewable energy sources into distribution networks because they can identify, isolate, and restore faults, which maintains grid stability and dependability.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global recloser market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Arteche
• ABB
• Brush
• Eaton
• Entec Electric & Electronic
• G&W Electric
• GE
• Hubbell
• Hughes Power System
• ILJIN Group
• NOJA Power
• Schneider Electric
• Siemens
• S&C Electric Company
• Tavrida Electric
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2023, ABB invested in opening a new multipurpose building, that can incorporate sustainable features, like recycled concrete and energy-efficient systems.     

• In August 2023, Eaton collaborated with greener energy producer AMP Energy to upgrade the electricity distribution infrastructure for the Xeni Gwe'in First Nation. The collaboration intended to resolve issues with grid access in the First Nation of Xeni Gwet'in.  

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global recloser market based on the below-mentioned segments: 

Global Recloser Market, By Machine Type

• Single Phase Recloser
• Three Phase Recloser
• Triple Single Recloser

Global Recloser Market, By Control

• Electronic
• Hydraulic
• Micro-Processor

Global Recloser Market, By Insulation

• Epoxy-Insulated Recloser
• Gas-Insulated Recloser
• Oil-Insulated Recloser

Global Recloser Market, By Voltage

• Up to 15 KV
• 16-27 KV
• 28-38 KV

Global Recloser Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa