DUBLIN, June 28, 2023 /PRNewswire/ — The “Recloser Controls: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Recloser Controls estimated at US$1.1 Billion in the year 2022, is projected to reach a revised size of US$1.8 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030.

Electric, one of the segments analyzed in the report, is projected to record 6.6% CAGR and reach US$1.1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Hydraulic segment is readjusted to a revised 4.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $237.6 Million, While China is Forecast to Grow at 7.4% CAGR

The Recloser Controls market in the U.S. is estimated at US$237.6 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$382.1 Million by the year 2030 trailing a CAGR of 7.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Select Competitors (Total 23 Featured) –

• ABB Ltd

• Eaton Corporation Inc.

• Entec Electric and Electronic Co., Ltd.

• G&W Electric Company

• Hubbell Incorporated

• NOJA Power Switchgear Pty Ltd

• S&C Electric Company

• Schneider Electric SE

• Siemens AG

• Tavrida Electric GmbH

• Ghorit Electrical Co., LTD

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Impact of Covid-19 and a Looming Global Recession

• Recloser Control Market: A Prelude

• Types of Recloser Control Systems

• Three-Phase Segment Leads the Recloser Control Market

• Recloser Controls – Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• Electric Recloser Control Segment Holds Majority Share

• Geographic Market Analysis

• Aging Power T&D Infrastructure and the Need for Replacement in Developed Markets Drives Growth

• RECENT MARKET ACTIVITY

Story continues

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Rise in Distribution Automation for Power Quality and Reliability Drives Growth

• Substation Automation Drives Use of Recloser Controllers

• Increasing Demand for Power Augurs Well for Market Growth

• Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035

• Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040

• Expansion and Modernization of T&D Networks Hold Potential for Growth

• Smart Reclosers: One of the Promising Technologies up for Adoption by Electric Utilities

• Companies Focus on Technology Upgrades to Support Smart Grid Reliability

• Growth in Renewable Power Generation Augurs Well for Reclosers Market

• World Energy Production (in Billion Kilowatt Hours) by Energy Source for the Years 2017, 2020, 2030 and 2040

• Transition to Smart Grid Infrastructure Drives Market Growth

• Global Investments in Smart Grids in US$ Billion: 2017, 2020 and 2023

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/gp0d4e

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