Recloser Market worth 1,033.0 Million USD by 2021
Increasing investments in distribution automation and growing need for efficient & reliable power are driving the global recloser market.
(EMAILWIRE.COM, February 23, 2017 ) Recloser Market by Voltage Rating (Up to 15 kV, 16 kV – 27kV, Above 27kV), by Phase Type (Three Phase, Single Phase, Triple- Single Phase), by Control (Electric, Hydraulic)), & by Region - Forecast to 2021
The recloser market is expected to grow from an estimated USD 853.1 million in 2016 to USD 1,033.0 Million by 2021, at a CAGR of 3.90% from 2016 to 2021.
Browse 68 market data Tables and 42 Figures spread through 137 Pages and in-depth TOC on "Recloser Market - Forecast to 2021"
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Increasing preference for recloser of capacity Up to 15 kV
Reclosers of voltage rating up to 15 kV are extensively used in commercial and residential applications in distribution networks; therefore the demand for these reclosers is high among all the segments.
Electric recloser is the largest segment, by control
Electric recloser control is used in most three phase and some single phase reclosers, due to its features, which include greater flexibility, advanced protection and automation functionality, and ease of programing in comparison to hydraulic recloser control. This recloser is highly customizable with a wide range of accessories, and can solve several application problems.
North America is the dominant market for reclosers
In this report, the recloser market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The North America region holds the largest market for recloser, driven largely by the number of distribution automation developments in the U.S. The Asia-Pacific region will become the largest market by 2021, given strong smart grid initiatives, high investments in T&D infrastructure upgrade, energy efficiency measures, and renewable projects.
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The recloser industry is fragmented and offers several opportunities for consolidation and growth in efficiency through an increase in economies of scale. The industry has low entry and exit barriers. The top players of the recloser market include ABB Ltd. (Switzerland), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), General Electric Company (U.S.), and Eaton Corporation (Ireland).
Dominant players are trying to penetrate developing economies and adopting various methods to grab the market share. The scope of the report aids market participants to identify high growth markets and help managing key investment decisions.
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MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
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Markets and Markets
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Suite 2175, Seattle,
WA 98101, United States
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Email: sales@marketsandmarkets.com
The recloser market is expected to grow from an estimated USD 853.1 million in 2016 to USD 1,033.0 Million by 2021, at a CAGR of 3.90% from 2016 to 2021.
Browse 68 market data Tables and 42 Figures spread through 137 Pages and in-depth TOC on "Recloser Market - Forecast to 2021"
Download PDF Brochure - http://www.marketsandmarkets.com/pdfdownload.asp?id=187393365
Increasing preference for recloser of capacity Up to 15 kV
Reclosers of voltage rating up to 15 kV are extensively used in commercial and residential applications in distribution networks; therefore the demand for these reclosers is high among all the segments.
Electric recloser is the largest segment, by control
Electric recloser control is used in most three phase and some single phase reclosers, due to its features, which include greater flexibility, advanced protection and automation functionality, and ease of programing in comparison to hydraulic recloser control. This recloser is highly customizable with a wide range of accessories, and can solve several application problems.
North America is the dominant market for reclosers
In this report, the recloser market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The North America region holds the largest market for recloser, driven largely by the number of distribution automation developments in the U.S. The Asia-Pacific region will become the largest market by 2021, given strong smart grid initiatives, high investments in T&D infrastructure upgrade, energy efficiency measures, and renewable projects.
Make an Inquiry - http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=187393365
The recloser industry is fragmented and offers several opportunities for consolidation and growth in efficiency through an increase in economies of scale. The industry has low entry and exit barriers. The top players of the recloser market include ABB Ltd. (Switzerland), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), General Electric Company (U.S.), and Eaton Corporation (Ireland).
Dominant players are trying to penetrate developing economies and adopting various methods to grab the market share. The scope of the report aids market participants to identify high growth markets and help managing key investment decisions.
About MarketsandMarkets
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results