The Global Electrical Recloser Controller Market is expected to grow at a CAGR during the forecasting period (2022-2029).
The Electrical Recloser Controllers have several features such as greater flexibility, ease of customizing and programmed, advanced protection, metering and automation functionality that is leading the growth of the market.
Growing Transmission & Distribution networks, increasing power generation using renewable resources are also contributing to the growth of the market. However, the high cost of Electrical Recloser Controllers is restraining the growth of the market.
Based on Voltage Ratings, the marker is segmented into Up to 15 kV, 16kV-25kV, and 26kV-38kV. Electrical Recloser Controllers having a voltage rating of up to 15 kV have largest market share due to its wide range residential applications of the distribution network. In addition, growing residential and commercial buildings and urbanization are boosting the growth of the market.
By Phase, the market is segmented into Single-Phase, Three-Phase, and Triple-Single Phase. The three-phase Electrical Recloser Controller segment is the highest growing segment during the forecast period due to growing demand for smart grid technology, increasing industrialization, and improving existing infrastructure.
Geographically, the market is segmented into North America, Europe, South America, Asia-Pacific, and RoW. The Asia-Pacific is dominating the global Electrical Recloser Controller market during the forecast period due to new installations of distribution lines, increasing investments in smart grid technologies, and growing demand for electrical energy due to rising industrialization and urbanization.
In 2015, the operating expenses associated with the transmission and distribution services from electric utilities spent was approx. 9.6 billion USD on transmission and about 4.4 billion USD on distribution.
The major players in the power system simulator market are ABB, Eaton, Siemens, NOJA Power, and Schneider Electric.
Some recent developments
In Jan 2018, Eaton, introduced a Power series NOVA NX-T reclosers to help utilities support a smarter, more reliable grid to improve accuracy and distribution system reliability critical to smart grid applications.
In Dec 2017, FirstEnergy Corp.s Ohio utilities filed a plan at the Public Utilities Commission of Ohio (PUCO) to reduce the frequency and duration of power outages by modernizing the distribution system.
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
The report profiles the following companies, which includes ABB, Eaton, Siemens, NOJA Power, Schneider Electric, Hubbell, G&W, Entec, GE, and Beckwith Electric.
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