Hydraulic Recloser Market Size

Hydraulic Recloser Market size was over USD 847.92 million in 2024 and is expected to exceed USD 1.85 billion by the end of 2037, witnessing over 6.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of hydraulic recloser is evaluated at USD 889.98 million. The reason behind the growth is due to the growing production of electricity across the globe. Over the past three decades, there has been a huge increase in the world's energy generation owing to factors such as increasing urbanization, and growth in the world's population and economy. For instance, in 2022, the world's power generation increased by more than 2%.

The growing need for smart grid technologies is believed to fuel the hydraulic recloser market growth. The smart grid relies heavily on hydraulic recloser controllers that provide sophisticated monitoring, and control features, of power distribution systems, and can control and observe the reclosers from a distance.