Hydraulic Recloser Market Trends

  • Report ID: 5677
  • Published Date: Feb 20, 2024
  • Report Format: PDF, PPT

Hydraulic Recloser Market Trends

Growth Drivers

  • Rising Investment in Renewable Energy Sources - The process of integrating renewable energy sources into the electrical grid is known as renewable integration and maintains the safe and dependable functioning of distribution infrastructure under a variety of operating conditions, hydraulic reclosers offer crucial protection and control functions.
  • Growing Number of Data Centers- The growth of big data is driving up the size and energy requirements of data centers, which necessitates the use of automatic circuit reclosers with hydraulic control to offer dependable and cost-effective overcurrent protection.
  • Increasing Natural Disasters- Natural calamities have brought attention to how crucial grid resilience is therefore, recloser control devices let utilities detect and address electrical grid issues promptly, which enhances energy efficiency.

Challenges

  • Availability of Alternatives- The presence of solid-state and vacuum reclosers may impact the adoption of hydraulic reclosers. A basic single-phase distribution system is used to deploy the recloser models, and have solid-state vacuum interrupters, which offer better dependability and performance. Customers may favor alternative recloser technologies owing to their benefits in terms of performance, dependability, and maintenance needs, and are frequently more compatible with smart grid infrastructures.
  • High initial cost and maintenance requirements which may limit its adoption
  • Variation in raw material prices is expected to increase the overall cost of production

Hydraulic Recloser Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~7%

Base Year Market Size (2023)

~ USD 790 Million

Forecast Year Market Size (2036)

~ USD 2 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Dhruv Bhatia


  • Report ID: 5677
  • Published Date: Feb 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing production of electricity across the globe and the growing need for smart grid technologies are the major factors driving the growth of the market.

The market size of hydraulic recloser is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024-2036.

The major players in the market are BRUSH Group, Schneider Electric, Iljin Electric, Siemens, Hughes Power System, Solomon Corporation, S&C Electric Company, General Electric Company, Eaton, G&W Electric Co., Tavrida Electric Global, ABB Ltd., and others.

The three-phase segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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