The global recloser control market reached USD 1.07 Billion in 2016. It is projected to reach USD 1.52 Billion by 2022 growing at a CAGR of 6.22% from 2017 to 2022.
Northrook, IL -- (SBWIRE) -- 11/20/2019 -- According to the new market research report "Recloser Control Market by Type (Electric and Hydraulic), Phase Type (Three-Phase, Single-Phase, and Triple-Single Phase), Voltage (Up to 15 Kv, 16 kV–27 Kv, and 28 kV–38 Kv), and Region - Global Forecast to 2022 " The recloser control market is projected to reach USD 1.52 Billion by 2022. The recloser control market is expected to grow from an estimated USD 1.12 Billion in 2017 to USD 1.52 Billion by 2022, at a CAGR of 6.22%. The positive growth rate of this market can be attributed to increasing urbanization and industrialization, growing automation for power distribution quality and reliability, and expanding distribution network.
The electric recloser control segment is expected to hold the largest share of the recloser control market during the forecast period
The electric recloser control is used in most three-phase and some single-phase reclosers due to its greater flexibility, advanced protection and automation functionality, and ease of programming compared to the hydraulic recloser control. Electronic recloser controls are also highly customizable with a wide range of accessories and can solve several application problems, such advantages are factors driving the growth of this market segment.
Browse and in-depth TOC on "Recloser Control Market"
64 - Tables
34 - Figures
129 - Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=73710030
The 15 kV recloser control is expected to grow at a high rate during the forecast period
Recloser controls that have a voltage rating of up to 15 kV are extensively used in the residential applications of the distribution network. Increasing urbanization and the growing residential and commercial buildings in developing countries are expected to accelerate the growth of this segment.
Asia Pacific is expected to dominate the recloser control market during the forecast period
In this report, the recloser control market has been analyzed with respect to six regions, namely, North America, Europe, Asia Pacific, South America, Middle East, and Africa. Asia Pacific is expected to hold the largest share of this market during the forecast period. Factors such as the inefficiency of existing distribution infrastructure, installation of new distribution lines, and refurbishment of older distribution systems are expected to drive the market in this region. Additionally, the increasing demand for electrical energy due to urbanization and industrialization and the rising investments in smart grid technologies that include distribution automation are also likely to drive this regional market.
Request Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=73710030
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the recloser control market. These players include ABB (Switzerland), Schneider (France), NOJA Power (Australia), Siemens (Germany), and Eaton (Ireland).
Please Explore Relevant Report:
Recloser Market by Control (Recloser (Electric & Hydraulic) and Sectionalizer (Electronic & Programmable Resettable)), Phase (Recloser (Three, Single, & Triple Single) and Sectionalizer (Three & Single), Voltage, and Region - Global Forecast to 2022
Distributed Control Systems Market by Industry (Oil & Gas, Chemicals, Power Generation, Metals and Mining, Pharmaceutical, Paper and Pulp, Food and Beverage), Component (Hardware, Software, Services), Application, and Region - Global Forecast to 2022
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Press Release: https://www.marketsandmarkets.com/PressReleases/recloser-control.asp