리클로저 컨트롤 시장 : 유형별, 전압 범위별, 최종 이용 산업별, 지역별, 기회, 예측(2017-2031년)

Global recloser control market is projected to witness a CAGR of 4.26% during the forecast period 2024-2031, growing from USD 2.45 billion in 2023 to USD 3.42 billion in 2031. The recloser control market offers valuable benefits to stakeholders, including comprehensive market insights, competitive analysis, and investment decision support. It provides a deep understanding of market dynamics, enabling informed decision-making and effective strategy formulation. The market is driven by factors such as grid modernization, renewable energy integration, and the need for improved grid resilience. Grid modernization is essential in recloser control because it helps reduce the frequency and duration of power outages, improves grid efficiency, and enhances overall energy management. Grid modernization initiatives are expected to continue driving substantial growth in the recloser control market as utilities seek innovative solutions to meet the growing demand for reliable and resilient power supply. These systems play a vital role in integrating renewable energy into existing power grids, ensuring seamless operation and grid stability.

For example, June 2023, S&C Electric developed a reliable and resilient modern grid recloser control, which played a pivotal role in modernizing and enhancing the reliability of electrical grids. Recloser control systems help reduce the frequency and duration of power outages, improve grid efficiency, and enhance overall energy management. Moreover, its technological advancements, such as advanced communication protocols, self-healing capabilities, and AI integration, are driving market expansion.

Utilization of Hydraulic Control Systems is spearheading the Market Growth

Hydraulic control systems are proliferating the market growth extensively as they adequately utilize the flow of hydraulic fluid to regulate the operation of recloser control devices, which are used to protect electrical grids. Hydraulic control is used mostly in single-phase recloser control devices and in some three-phase recloser control devices. This type of control operates by detecting an overcurrent through a trip coil connected in series with the line. Subsequently, timing and sequencing are achieved by circulating oil through separate hydraulic chambers or ducts.

For instance, in October 2023, four hydraulics designs were honored in the 2023 LEAP Awards in Asia Pacific for their innovative contributions to the recloser control market. These designs utilized the flow of hydraulic fluid to regulate the operation of reclosers. This recognition highlighted the significance of hydraulic technology in advancing the resilience and efficiency of modern electrical grids.

Electric Control Is Augmenting the Market Prosperity

Electric control is enhancing recloser control by contributing to the modernization and improved resilience of electrical grids. Recloser control systems, augmented by electric control technologies, play a vital role in integrating renewable energy into existing power grids, ensuring seamless operation, and grid stability.

For example, in May 2023, NOJA Power supplied hundreds of their OSM Recloser systems to ComEd, enhancing power reliability and support for the utility's distribution network in Chicago. This supply of Recloser systems aligns with NOJA Power's commitment to bolstering electrical grid infrastructure and ensuring consistent power supply, further solidifying their position as a leading provider of recloser and switchgear solutions.

Government Initiatives

Government initiatives are crucial in driving the demand for recloser control systems. Grid modernization efforts, aligned with government policies to enhance grid resiliency, are significant drivers of the global recloser control market. Governments worldwide are increasingly concerned about environmental sustainability and reducing carbon emissions, leading to implementing policies that encourage cleaner and more sustainable energy practices. Recloser control devices indirectly support these policies by contributing to energy efficiency and grid reliability, thus, the demand for Recloser Control systems is likely to grow in response to these government initiatives.

For instance, in August 2023, Penelec, a subsidiary of FirstEnergy Corporation installed nearly 350 automated TripSaver reclosing devices along power lines. These devices are designed to enhance electric reliability by automatically isolating issues on electric lines and restoring power, ultimately reducing the number of customers affected by outages. This initiative outlined the company's commitment to improving grid resilience and minimizing the impact of power disruptions on customers.

Energy and Power Industry is Accelerating the Market Growth Prospects

The Energy and Power Industry significantly influences the recloser control market through various dynamics like grid modernization, renewable energy integration, and smart grid establishment. Additionally, technological advancements, strengthening cybersecurity measures, and the increasing demand for reliable power distribution and smart grid technologies are actively contributing to market expansion.

For example, in August 2023, England based FirstEnergy invested over USD 20 million in new automated technology and equipment upgrades to enhance service reliability. As part of this initiative, Penn Power personnel installed more than 30 new automated reclosing devices. These cutting-edge devices automatically isolate issues on electric lines and restore power, reducing the impact of service interruptions and enhancing the reliability of the electric grid, ultimately benefiting customers in all types of weather conditions.

Asia-Pacific Remained the Market Leader in All Respects

The Asia-Pacific region continued to be the market leader in recloser control. This dominance is attributed to new distribution line installations, increasing power demand, and the need for reliable power distribution. Furthermore, the region's well-established power infrastructure, technological advancements, and significant investments in grid modernization contribute greatly to its leadership in the recloser control market.

For instance, in September 2023, China's Top 500 Private Enterprises Summit in Jinan showcased the country's leadership in the development of auto recloser technology for power systems. The event highlighted China's significant investments in research and development, particularly in intelligent substations and power systems, reflecting the nation's commitment to advancing technological solutions in the power sector. This emphasis on innovation and modernization reinforces China's position as a key player in the global recloser control market, thereby contributing to the industry's growth and evolution.

Future Market Scenario (2024 - 2031F)

The market includes electric control and hydraulic control types, with the electric recloser segment expected to hold a larger share due to its wide application, greater flexibility, and automation functionality, thereby catering to extensive opportunities for market prosperity.

Furthermore, the market expedition is driven by factors such as grid modernization, renewable energy integration, and the need for improved grid resilience. Grid modernization initiatives are expected to continue driving substantial growth in the recloser control market as utilities seek innovative solutions, thereby leading to myriad growth opportunities for the market.

Key players in the market are experiencing high demand from the industrial sector. These players are actively engaged in contracts, agreements, and the launch of new products, which in turn, is expected to drive the market for recloser controls.

Key Players Landscape and Outlook

Key participants in the recloser control market include Entec Engineering Company, Eaton Corporation, Hubbell, ABB, General Electric Company., and Siemens AG. These key market players focus on technological developments, advanced protection, metering, and automation functionality, and real-time monitoring, fault locating, and remote-control capabilities to secure a prominent position in the highly competitive environment. Additionally, integrating recloser controls with intelligent electronic devices (IEDs) has improved recloser control systems' efficiency and performance, enhancing the electrical grid's overall reliability and automation.

In November 2023, ABB secured a USD 542.21 million financing agreement with the European Investment Bank (EIB) to support developing and deploying recloser systems. This significant investment reflected the growing emphasis on grid modernization and the need to enhance power system reliability. The partnership is poised to reduce power outages, minimize storm impacts, and improve overall grid resilience, aligning with the industry's focus on advancing grid modernization initiatives and bolstering the reliability of power distribution systems.

Table of Contents

1. Research Methodology

2. Project Scope & Definitions

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Mode of Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Cost
  • 4.3.2. Quality
  • 4.3.3. Performance Efficacy
  • 4.3.4. Regulatory Compliance
  • 4.3.5. Reliability
• 4.4. Consideration of Privacy & Safety Regulations

5. Global Recloser Control Market Outlook, 2017-2031F

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. By Type
  • 5.2.1. Hydraulic Control
  • 5.2.2. Electric Control
  • 5.2.3. Others
• 5.3. By Voltage Range
  • 5.3.1. Up to 15 kV
  • 5.3.2. 16 to 25 kV
  • 5.3.3. 26 to 35 kV
  • 5.3.4. above 35 kV
• 5.4. By End-use Industry
  • 5.4.1. Energy and Power
  • 5.4.2. Automotive
  • 5.4.3. Construction
  • 5.4.4. Others
• 5.5. By Region
  • 5.5.1. North America
  • 5.5.2. Europe
  • 5.5.3. Asia-Pacific
  • 5.5.4. South America
  • 5.5.5. Middle East and Africa
• 5.6. By Company Market Share (%), 2023

6. Global Recloser Control Market Outlook, By Region, 2017-2031F

• 6.1. North America*
  • 6.1.1. Market Size & Forecast
    • 6.1.1.1. By Value
    • 6.1.1.2. By Volume
  • 6.1.2. By Type
    • 6.1.2.1. Hydraulic Control
    • 6.1.2.2. Electric Control
    • 6.1.2.3. Others
  • 6.1.3. By Voltage Range
    • 6.1.3.1. Up to 15 kV
    • 6.1.3.2. 16 to 25 kV
    • 6.1.3.3. 26 to 35 kV
    • 6.1.3.4. above 35 kV
  • 6.1.4. By End-use Industry
    • 6.1.4.1. Energy and Power
    • 6.1.4.2. Automotive
    • 6.1.4.3. Construction
    • 6.1.4.4. Others
  • 6.1.5. United States*
    • 6.1.5.1. Market Size & Forecast
    • 6.1.5.1.1. By Value
    • 6.1.5.1.2. By Volume
    • 6.1.5.2. By Type
    • 6.1.5.2.1. Hydraulic Control
    • 6.1.5.2.2. Electric Control
    • 6.1.5.2.3. Others
    • 6.1.5.3. By Voltage Range
    • 6.1.5.3.1. Up to 15 kV
    • 6.1.5.3.2. 16 to 25 kV
    • 6.1.5.3.3. 26 to 35 kV
    • 6.1.5.3.4. above 35 kV
    • 6.1.5.4. By End-use Industry
    • 6.1.5.4.1. Energy and Power
    • 6.1.5.4.2. Automotive
    • 6.1.5.4.3. Construction
    • 6.1.5.4.4. Others
  • 6.1.6. Canada
  • 6.1.7. Mexico

All segments will be provided for all regions and countries covered

• 6.2. Europe
  • 6.2.1. Germany
  • 6.2.2. France
  • 6.2.3. Italy
  • 6.2.4. United Kingdom
  • 6.2.5. Russia
  • 6.2.6. Netherlands
  • 6.2.7. Spain
  • 6.2.8. Turkey
  • 6.2.9. Poland
• 6.3. Asia-Pacific
  • 6.3.1. India
  • 6.3.2. China
  • 6.3.3. Japan
  • 6.3.4. Australia
  • 6.3.5. Vietnam
  • 6.3.6. South Korea
  • 6.3.7. Indonesia
  • 6.3.8. Philippines
• 6.4. South America
  • 6.4.1. Brazil
  • 6.4.2. Argentina
• 6.5. Middle East & Africa
  • 6.5.1. Saudi Arabia
  • 6.5.2. UAE
  • 6.5.3. South Africa

7. Market Mapping, 2023

• 7.1. By Type
• 7.2. By Voltage Range
• 7.3. By End-use Industry
• 7.4. By Region

8. Macro Environment and Industry Structure

• 8.1. Demand Supply Analysis
• 8.2. Import Export Analysis
• 8.3. Value Chain Analysis
• 8.4. PESTEL Analysis
  • 8.4.1. Political Factors
  • 8.4.2. Economic System
  • 8.4.3. Social Implications
  • 8.4.4. Technological Advancements
  • 8.4.5. Environmental Impacts
  • 8.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
• 8.5. Porter's Five Forces Analysis
  • 8.5.1. Supplier Power
  • 8.5.2. Buyer Power
  • 8.5.3. Substitution Threat
  • 8.5.4. Threat from New Entrant
  • 8.5.5. Competitive Rivalry

9. Market Dynamics

• 9.1. Growth Drivers
• 9.2. Growth Inhibitors (Challenges and Restraints)

10. Key Players Landscape

• 10.1. Competition Matrix of Top Five Market Leaders
• 10.2. Market Revenue Analysis of Top Five Market Leaders (in %, 2023)
• 10.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
• 10.4. SWOT Analysis (For Five Market Players)
• 10.5. Patent Analysis (If Applicable)

11. Case Studies

12. Key Players Outlook

• 12.1. Eaton Corporation
  • 12.1.1. Company Details
  • 12.1.2. Key Management Personnel
  • 12.1.3. Products & Services
  • 12.1.4. Financials (As reported)
  • 12.1.5. Key Market Focus & Geographical Presence
  • 12.1.6. Recent Developments
• 12.2. Schneider Electric SE
• 12.3. ABB Ltd
• 12.4. Hubbell
• 12.5. Entec Engineering Company
• 12.6. General Electric Company.
• 12.7. Siemens AG
• 12.8. G&W Electric Co
• 12.9. NOJA Power Switchgear Pty Ltd
• 12.10. Tavrida Electric

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

13. Strategic Recommendations

14. About Us & Disclaimer