Global Recloser Market - Overview
Reclosers refer to power equipment that are high-voltage, automated electric switches. Reclosers are capable of detecting trouble in the electric line, automatically and remove the fault in the electric line. The recloser resets the temporary problem automatically and restores the electric power. If there is trouble of recurrence of more than three times, the recloser shuts off the power for preventing the line from any accident. The global power value chain industry is bound to witness an exponential growth owing to the rising power demand from consumers all over the globe. This rising demand for uninterrupted supply of power can be accredited to the increase in urbanization and industrialization from various developing economies. The power sector is expected to move majorly towards the private sector with less state control. With more and more players entering the power market, many technologies are introduced in the power generation, transmission, and distribution sector for coming up with unique products and technological advancements. The Global Recloser Market is estimated to upscale at a strong CAGR of 6% during the forecast period, as per the analysis published by Market Research Future (MRFR).
However, one of the major setbacks that the power industry is witnessing is the outdated infrastructure and the scarce distribution network around various countries. At the end of 2016, only 86% of the total global population was observed to have access to electricity. Apart from this, the poor reliability of infrastructure that is the basic reason for electrical hazards is posing as another downsizing for the power downstream sector.
The global recloser circuit demand is expected to proliferate owing to the fact that it is capable of cutting the maintenance costs of existing circuits and the implementation of the internet of things in the power distribution sector. The global power distribution electronic equipment industry is investing in the research and development for better recloser which can handle faults at high voltage levels.
Global Recloser Market Segmentation
The global recloser market is segmented by phase recloser type, insulation type, voltage rating type, control type, and region.
Based on phase recloser type, the global recloser market is segmented into two-phase recloser, single-phase recloser, and triple-phase recloser.
The three phase recloser is expected to gain more profit owing to the technological advantage over single-phase recloser.
Based on insulation type, the global recloser market is segmented into gas-insulated recloser, oil-insulated recloser, and epoxy-insulated recloser. Since epoxy-insulated reclosers are flexible on a permanent basis, have hydrophobic prevention, these are used highly in major installations.
Based on voltage rating type, the global recloser market is segmented into low voltage recloser, medium voltage recloser, and high voltage recloser. High voltage recloser is expected to fulfil the purpose of handling trouble at 38 kV and are used in substations, as well as, convertor stations.
The recloser market is also segmented into electrical control, hydraulic control and micro-processor control-based technology, based on control type.
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