The global recloser market (including the sectionalizer market) is projected to reach USD 2.71 billion by 2022, growing at a CAGR of 4.88% from 2017 to 2022. Recloser market growth is primarily driven by the increasing investment in smart grid techniques, increasing competition from the unorganized sector, availability of cheaper alternatives of recloser and sectionalizer such as pole vacuum breakers, growing grid interconnections, and new distribution line projects and upgrades.
The Asia Pacific would continue to be the largest market for recloser and sectionalizer followed by North America till 2022. The global recloser market is dominated by major players including Eaton (Ireland), Schneider (France), Tavrida (Switzerland), Siemens (Germany), NOJA Power (Australia), and others.
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Market growth strategies adopted by key players in recloser market include contracts & agreements, new product launches, expansions & investments, mergers & acquisitions, and joint ventures, and partnerships & collaborations. Contracts & agreements was the most commonly adopted strategy by market players from 2014 to November 2017. Industry players also adopted new product launches in the stated period from 2014 to November 2017.
NOJA Power is one of the leading companies in supplying reclosers to the power distribution sector. The company specializes in auto reclosing circuit breakers for industrial, infrastructure, and electricity distribution utilities. Till date, the company has successfully installed more than 40,000 NOJA Power OSM series automatic circuit reclosers in over 85 countries globally. The company has adopted various strategies such as contracts & agreements and expansions to gain market share in the recloser market. In November 2017, the company installed the first OSM recloser system with full SCADA communications integrated into the Nicaragua Distribution Grid.
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Eaton is a global manufacturer of recloser and sectionalizer and offers energy-efficient solutions related to hydraulic, electrical, and mechanical power management. The company operates through five business segments, namely, electrical products, electrical systems and services, vehicle, hydraulics, and aerospace. The company acquired Cooper Industries (US) in 2012, which helped it to increase its business reach to customers in more countries. Reclosers and sectionalizers are manufactured under Eaton’s Cooper Power Systems Business. Cooper is a global manufacturer and provider of power delivery apparatus and solutions including power transmission and distribution, electrical protection, and lighting and wiring components. In September 2015, Eaton received a contract to provide Jemez Mountains Electric with a Modular Integrated Transportable Substation (MITS). The contract also included pad-mounted switches and integrated switchboards, along with reclosers and voltage regulators. This would strengthen its presence in North America. Later, in September 2014, the company received a contract to provide Victory Electric Cooperative with a Modular Integrated Transportable Substation (MITS). The configuration engineered for Victory included a pad-mounted transformer, reclosers, and voltage regulators to enhance power reliability.
