New Revenue Pockets:
The global recloser market is projected to reach USD 1.5 billion by 2030, showing a growth from the estimated USD 1.1 billion in 2024, with a compound annual growth rate (CAGR) of 5.0% from 2024 to 2030. The recloser market, traditionally focused on enhancing grid reliability and protection in medium voltage distribution networks, is witnessing the emergence of new revenue pockets driven by several factors. The growing integration of renewable energy sources like solar and wind farms necessitates solutions for managing intermittency and ensuring grid stability. Reclosers are increasingly being viewed as a cost-effective way to integrate these renewable sources effectively. Aging infrastructure requires upgrades for improved reliability and efficiency. Reclosers with advanced features like communication modules and data analytics capabilities can contribute to grid modernization efforts by facilitating remote monitoring, fault prediction, and proactive maintenance. Consumers and businesses are increasingly reliant on a consistent and reliable power supply. Reclosers can help minimize voltage sags and momentary interruptions, improving overall power quality for end users.
Key Market Players
Among the notable players in this market are Eaton (Ireland), ABB (Switzerland), Siemens (Germany), and Schneider Electric (France), NOJA Power Switchgear Pty Ltd (Australia), General Electric (US), Hubbell (US), S&C Electric company (US), Tavrida Electric (US), and Arteche Group (Spain).
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=187393365
Within the recloser market, single-phase reclosers hold a significant position, catering to specific applications in medium voltage distribution networks. Single-phase reclosers are designed to address faults occurring on a single phase of a three-phase power line. These faults are quite common and can be caused by various factors like lightning strikes, equipment malfunctions, or contact with vegetation. They are typically deployed in distribution feeders, substations, and overhead line sections where single-phase faults are more prevalent. Additionally, single-phase reclosers can be used in conjunction with three-phase reclosers to provide a more comprehensive protection scheme. Compared to three-phase reclosers, single-phase options offer several advantages. They are generally less expensive due to their simpler design and the ability to address single-phase faults without interrupting all three phases. By isolating the faulted phase, single-phase reclosers can minimize outage durations for customers on the healthy phases. They help maintain voltage stability and minimize power quality issues caused by single-phase faults. As power grids expand to cater to growing electricity demand, the need for reliable protection solutions like single-phase reclosers increases. Aging infrastructure necessitates upgrades for improved reliability and efficiency. Single-phase reclosers offer a cost-effective solution for enhancing protection in specific sections of the grid. The increasing adoption of distributed generation sources like rooftop solar panels adds complexity to the grid. Single-phase reclosers can help manage fault currents associated with these distributed sources.
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=187393365
28-38 kV reclosers occupy a critical space, safeguarding medium voltage distribution networks. These reclosers are deployed on medium voltage distribution feeders operating within the 28-38 kV range. They act as automatic circuit interrupters, isolating faults on the line and attempting to restore power automatically after a pre-programmed sequence. 28-38 kV reclosers play a crucial role in isolating faults like short circuits or overcurrents that can damage equipment and disrupt power supply. By isolating the faulted section, they minimize outage durations for unaffected customers on the feeder. By promptly addressing faults and preventing them from cascading, 28-38 kV reclosers contribute to a more reliable and stable grid. They also help maintain consistent voltage levels, improving overall power quality for end users. Modern 28-38 kV reclosers can be equipped with communication modules for integration with smart grid automation systems. This allows for remote monitoring, control, and data analysis, facilitating improved grid management practices. As existing medium voltage grids age, there’s a growing need for upgrades to ensure reliability and prevent outages. 28-38 kV reclosers offer a cost-effective and efficient solution for enhancing grid protection in these scenarios. Utilities are actively investing in grid modernization initiatives to improve efficiency, reliability, and integrate renewable energy sources. 28-38 kV reclosers align well with these goals by providing automated fault isolation and protection capabilities. The increasing penetration of renewable energy sources like wind and solar farms necessitates robust grid integration solutions. 28-38 kV reclosers can help manage the inherent variability of renewable generation and ensure grid stability.
Oil-insulated reclosers (OIL reclosers) have been a cornerstone technology within the recloser market, safeguarding medium voltage distribution networks for decades. Their functionality revolves around automatic fault isolation. Unlike traditional circuit breakers requiring manual intervention, OIL reclosers utilize sensors to detect faults on the power line. Upon detection, they interrupt the current flow using an oil quenching mechanism. However, unlike their close relative, oil-insulated switchgear (OIS) employed for broader protection purposes, OIL reclosers incorporate an automatic reclosing sequence. This attempts to re-energize the line after a pre-programmed timeframe, aiming to clear temporary faults while isolating persistent ones. This automated process minimizes outage durations for unaffected customers on healthy phases of the line. OIL reclosers are typically deployed in medium voltage distribution networks, ranging from 15 kV to 38 kV. Their strategic placement can be found on distribution feeders, overhead lines, and even within substations where they work in conjunction with other switchgear for comprehensive protection. The future growth trajectory for OIL reclosers within the broader recloser market is likely to be influenced by two key factors: environmental considerations and technological advancements. The use of mineral oil in OIL reclosers poses environmental risks in case of leaks or spills. Growing regulations and a global focus on sustainability are prompting utilities to explore alternative recloser technologies with a greener footprint. On the other hand, technological advancements can also play a role in shaping the future of OIL reclosers. The development of more environmentally friendly oil-based solutions or cost-competitive alternative technologies could significantly impact the market share of OIL reclosers.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=187393365
The European recloser market presents a promising landscape for growth, driven by several key factors. Many European countries grapple with aging power grids in need of upgrades to ensure reliability and prevent outages. Reclosers offer a cost-effective solution for enhancing protection in specific sections of the grid. European utilities are actively investing in grid modernization initiatives to improve efficiency, reliability, and integrate renewable energy sources. Reclosers align well with these goals by providing automated fault isolation and protection capabilities. Traditionally, three-phase reclosers have held the majority market share in Europe. However, with a growing focus on cost-effectiveness and addressing single-phase faults, single-phase reclosers are gaining traction. European utilities are increasingly seeking recloser solutions with communication modules for integration with smart grid automation systems. This allows for remote monitoring, control, and data analysis, facilitating improved grid management practices. Similar to the global market, environmental concerns regarding the use of SF6 gas in some recloser models are prompting a shift towards more sustainable options. Solid dielectric reclosers are gaining interest due to their environmentally friendly nature. Major international companies like Schneider Electric, ABB, and Eaton hold a strong presence in the European recloser market. The European recloser market is poised for continued growth, fueled by grid modernization efforts, renewable energy integration, and a focus on automation and environmental sustainability. The market will likely witness diversification with the increasing adoption of single-phase reclosers and solid dielectric options, alongside the continued presence of established three-phase recloser solutions.
