03-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Three-phase Recloser Market By Control Type (Electric and Hydraulic), By Voltage Type (Up to 15 kV, 16–27 kV, 28–38 kV) and By Application (Power Industry, Machinery & Equipment and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026” states that the global Three-phase Recloser Market in 2019 is approximately USD 1,218.44Mn and the volume is estimated to account for 297 thousand Units. The market is expected to grow at a CAGR of 5.3% and is anticipated to reach around USD 1700 Mn by 2026.
Recloser is an electric device that is used in overhead power distribution systems to interpose the circuit to clear faults. Recloser is a small circuit breaker located at the top of distribution poles and is typically used on lengthy distribution lines. Three-phase Recloser is an automatic electric switch that varies in different voltage. These switches are designed to shut down automatically if there are any voltage fluctuations or short circuits. Three phases Recloser is used on a three-stage circuit to extend the power supply reliability. These devices have the capacity to carry large power; this makes them highly adaptable in large scale industries, institutions, and businesses. Recloser systems are governed by a set of rules and regulations to maintain power consumption safety.
.Browse the full “Three-phase Recloser Market – By Control Type (Electric and Hydraulic), By Voltage Type (Up to 15 kV, 16–27 kV, 28–38 kV) and By Application (Power Industry, Machinery & Equipment and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026" report at https://www.fnfresearch.com/three-phase-recloser-market-by-control-type-electric-887
The need for uninterrupted power supply is growing across the world. Large scale industries have implemented huge manufacturing and production plants; this requires constant and high voltage power. This is one of the primary reasons for the upsurge of the three-phase Recloser market globally. In addition, the demand for smart grids has increased across the map. Three-phase Recloser is expected to aid smart grids by providing additional functionalities such as easier power distribution network, avoiding short circuits by identifying any power breach, eliminating temporary faults in the electric network among others.
Furthermore, companies operating in the three-phase Recloser market are focused on introducing smart and efficient Recloser to reach a wide network of customers. Additionally, a smart three-phased Recloser that can be compatible with medium-scale usage is being optimized by manufacturers of three phases Recloser.
By control type, the market is divided electric and hydraulic. Electric control type led the control segment by accounting to a market share of 70% during the forecast period. With increasing benefits such as detecting power leak, short circuits among others offered by electric circuits over hydraulic type, the electric type is expected to fuel the market growth. Furthermore, the market is classified on the basis of voltage into, Up to 15 kV, 16–27 kV, and 28–38 kV, 16-27KV accounted for USD 1,218.44 Mn in the year 2019. By application, the market is divided into Power Industry, Machinery & Equipment, and Others. The power industry is expected to lead the segment owing to efficient power and energy requirements across the map.
Geographically, the global Three-phase Recloser Market was dominated by Asia by generating revenues worth USD 496.65Mn in 2019. This dominance is majorly attributed to increasing industrial revolutions in emerging countries such as China and India. Furthermore, Europe is set to observe the second-fastest growth with a CAGR of 4.9% over the forecast period.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1,218.44Mn |
Projected Market Size in 2026 |
USD 1700 Mn |
CAGR Growth Rate |
5.3% CAGR |
Base Year |
2019 |
Forecast Years |
2019-2026 |
Key Market Players |
Tavrida Electric, Sunrise Electric, ENTEC Electric & Electronic, NOJA Power, G&W Electric, GE, Eaton (Cooper), Siemens, Jin Kwang E&C, Schneider Electric, Shinsung, ABB, Hubbell Power Systems and others. |
Key Segment |
By Control Type, By Voltage, By Application, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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There are several key players operating in the Three-phase Recloser Market around the globe some of them include Tavrida Electric, Sunrise Electric, ENTEC Electric & Electronic, NOJA Power, G&W Electric, GE, Eaton (Cooper), Siemens, Jin Kwang E&C, Schneider Electric, Shinsung, ABB, Hubbell Power Systems and others.
The taxonomy of the Three-phase Recloser Market by its scope and segmentation is as follows:
Global Three-phase Recloser Market: By Control TypeSegmentation Analysis
Global Three-phase Recloser Market: By VoltageSegmentation Analysis
- Up to 15 kV
- 16–27 kV
- 28–38 kV
Global Three-phase Recloser Market: By Application Segmentation Analysis
- Power Industry
- Machinery & Equipment
- Others
Global Three-phase Recloser Market: Regional Segment Analysis
- North America
- The U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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