Market Overview:
The global resettable electronic recloser market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy efficiency and safety in electrical distribution systems. Additionally, the growing awareness about the benefits of using resettable electronic reclosers is also contributing to the growth of this market. Based on type, the global resettable electronic recloser market can be segmented into up to 15 KV, 16-27 KV, and 28-38 KV segments. The up to 15 KV segment is expected to account for a major share of this market during the forecast period owing to its low cost and easy installation. By application, this market can be divided into three segments: commercial, industrial/infrastructure, and others (residential/utilities).
Product Definition:
A resettable electronic recloser (REC) is a power-switching device used in electrical distribution systems to automatically open and close an electrical circuit, as well as resetting itself after each operation. RECs are often used to protect against faults on overhead power lines, by opening the circuit when a fault is detected and then closing it after the fault has been cleared. RECs can also be used to manage voltage levels and improve system reliability.
Up to 15 KV:
Up to 15 KV is a generic term used for electricity supply between the range of 0.15 kV up to and including 1.5 kV. It is also known as low voltage electricity or lower voltage electric current (LVEC).
16-27 KV:
The 16-27 KV is a range of high voltage electronic reclosers used in the industries for power transmission and switching. It’s an electronic circuit that uses magnetic fields to generate low energy pulses which are then used to trigger the relays which ultimately transmit the signal. The product finds its major application in HVDC systems as it helps in achieving extremely high frequency and ultra-low frequencies along with providing excellent line losses, thus making it suitable for use across long distances.
Application Insights:
Electronic application segment led the global resettable electronic recloser market and accounted for more than 60.0% share of the total revenue in 2017. The growth is attributed to rising demand from industrial applications, such as power generation plants and petrochemical refineries. Moreover, growing electronics industry in Asia Pacific coupled with high demand for electricity is expected to drive the product demand over the forecast period.
Commercial application segment was valued at USD 1,227.5 million in 2017 owing to increasing construction activities across commercial buildings including shopping malls, hospitals and office complexes on account of rapid urbanization along with growing population is expected to drive product consumption over the forecast period significantly contributing towards market growth during future years 2030 2029.
The others application segment includes sports stadiums.
Regional Analysis:
Asia Pacific dominated the global resettable electronic recloser market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. Increasing demand for electricity and rising industrialization are some of the major factors driving growth in this region. Furthermore, growing construction activities due to rapid urbanization is also anticipated to drive product demand over the forecast period.
Europe accounted for more than 25% share of overall revenue in 2017 owing to high penetration of electric reclosers used across various industries such as manufacturing, oil & gas, pharmaceuticals and food processing among others for restarting operations after maintenance or repair work on machinery etc.
The Middle East & Africa (MEA) market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for resettable electronic reclosers from the utility sector as a result of growing infrastructure development activities across the globe.
- Rising investments in smart grid technologies and upgradation of existing grids to make them more efficient and reliable.
- Growing concerns over power outages and their impact on businesses, households, and other critical infrastructure facilities, which is driving the adoption of resettable electronic reclosers as a backup measure for mitigating power failures.
- Rapid expansion in renewable energy sources such as solar and wind energy, which are often associated with high levels of intermittency, necessitating the need for better management of electrical grids through deployment of advanced technologies such as resettable electronic reclosers .
Scope Of The Report
Report Attributes
Report Details
Report Title
Resettable Electronic Recloser Market Research Report
By Type
Up to 15 KV, 16-27 KV, 28-38 KV
By Application
Electronic, Commercial, Others
By Companies
ABB, Siemens, Schneider Electric, Eaton, Hubbell, Tavrida Electric, Entec, Noja Power, Elektrolites
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Resettable Electronic Recloser Market Report Segments:
The global Resettable Electronic Recloser market is segmented on the basis of:
Types
Up to 15 KV, 16-27 KV, 28-38 KV
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronic, Commercial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- Schneider Electric
- Eaton
- Hubbell
- Tavrida Electric
- Entec
- Noja Power
- Elektrolites
Highlights of The Resettable Electronic Recloser Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Up to 15 KV
- 16-27 KV
- 28-38 KV
- By Application:
- Electronic
- Commercial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Resettable Electronic Recloser Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Resettable electronic recloser is a type of automatic door closer that can be reset by the user. This allows for quick and easy closure of the door, even if there is a power outage.
Some of the key players operating in the resettable electronic recloser market are ABB, Siemens, Schneider Electric, Eaton, Hubbell, Tavrida Electric, Entec, Noja Power, Elektrolites.
The resettable electronic recloser market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Resettable Electronic Recloser Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Resettable Electronic Recloser Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Resettable Electronic Recloser Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Resettable Electronic Recloser Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Resettable Electronic Recloser Market Size & Forecast, 2020-2028
4.5.1 Resettable Electronic Recloser Market Size and Y-o-Y Growth
4.5.2 Resettable Electronic Recloser Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Up to 15 KV
5.2.2 16-27 KV
5.2.3 28-38 KV
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electronic
6.2.2 Commercial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Resettable Electronic Recloser Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Resettable Electronic Recloser Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Up to 15 KV
9.6.2 16-27 KV
9.6.3 28-38 KV
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electronic
9.10.2 Commercial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Up to 15 KV
10.6.2 16-27 KV
10.6.3 28-38 KV
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electronic
10.10.2 Commercial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Up to 15 KV
11.6.2 16-27 KV
11.6.3 28-38 KV
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electronic
11.10.2 Commercial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Up to 15 KV
12.6.2 16-27 KV
12.6.3 28-38 KV
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electronic
12.10.2 Commercial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Up to 15 KV
13.6.2 16-27 KV
13.6.3 28-38 KV
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electronic
13.10.2 Commercial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Resettable Electronic Recloser Market: Competitive Dashboard
14.2 Global Resettable Electronic Recloser Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Schneider Electric
14.3.4 Eaton
14.3.5 Hubbell
14.3.6 Tavrida Electric
14.3.7 Entec
14.3.8 Noja Power
14.3.9 Elektrolites
