Reclosers Market to Witness Comprehensive Growth by 2024
A
recloser is an electric power or protector distribution network. It
includes a circuit breaker which can easily detect an over current or
short circuit network. In addition it has a facility which can
automatically switch off when it is not in use. Reclosers are used in
electronic overhead distribution systems to detect and stop temporary
faults. It can protect a power system from a short circuit, among
others things. A recloser is essentially a switch that can
re-establish an electrical circuit automatically or manually and also
remotely after a distraction of service. It can easily detect faults
and closes and resets to unlock the line. Reclosers are available in
three types based on phase: Single phase reclosers, three phase
reclosers, and triple single reclosers. Reclosers work with a
hydraulic mechanism, and it has a separate coil series with the line.
The control mechanism is placed outside the reclosers and collects
current signal.
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Reclosers
Market: Growth Drivers and Restraints
The
reclosers market is expected to grow steadily during the forecast
period. The rising need for an efficient power distribution network
and no manual intervention for restoring power are acting as a driver
for this market. In addition, various companies across the world are
adopting this device for cost reduction in the event of an outage,
which is in turn contributing to the growing demand for reclosers.
Moreover, the need for automation systems is also boosting the
reclosers market worldwide.
However,
in the reclosers industry, many manufacturers produce cheaper
alternatives to these components. In addition, not enough funding
from governments is also adversely impacting the reclosers market.
Under this condition, where product quality is reduced, end users are
often forced to look for alternatives. There is intense competition
among recloser manufacturers for after-sales services. This factor is
acting as a restraint on the market. The current technological
advancement in the reclosers industry are, however, helping create
new opportunities for the market. In addition, gas-free and oil-free
reclosers, which are a relatively new product category in this space,
will likely help the global demand for reclosers gain traction.
Reclosers
Market: Segmentation
The
reclosers market is segmented in three categories: By phase of
product, by control, and by region. By phase of product, the market
can be divided into single phase reclosers, three phase reclosers and
triple single phase reclosers among others. In terms of control, the
market can be divided into hydraulic, electric, and others.
Geographically,
countries in North America and other developed nations such as the
U.K., Germany, France and Italy among others constitute the largest
market for this sector both in terms of production, consumption and
worldwide exports. Developing nations such as Brazil, India,
Thailand, Korea, South Africa and China, among others, are attracting
considerable investments in reclosers and creating new opportunities
for growth for global manufacturers. The global market can be broadly
classified into North America, Europe, Asia Pacific and the Rest of
the World.
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Reclosers
Market: Key Players
The
key players in the reclosers market are ABB Ltd, Cooper Industries
(Eaton Corp.), Hubbell, Inc, G&W Electric, Schneider Electric Se,
, S&C Electric Company, Noja Power, DNK (Xiamen) Electrical Co.,
Tavrida Electric and Zhejiang Ghorit Electric Equipment Co., Ltd
among others.
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