NEW YORK, Oct. 20, 2016 /PRNewswire/ -- "Recloser
Market, By Voltage Rating (Up to 15 kV, 16 kV–27 kV, and Above 27
kV), By Control (Electric and Hydraulic), By Phase Type (Single
Phase, Three Phase, and Triple-Single Phase), and By Region –
Global Trends & Forecast to 2021"
The recloser market is expected to reach a size of USD 1033.0 million by 2021, at a CAGR of 3.90%
from 2016 to 2021. The power sector offers a promising future, with
growing demands for electricity, following increasing urbanization
in developing nations.
Three phase recloser: The fastest growing segment in the
global recloser market
Three phase reclosers have been predominantly used in industrial
applications, due to their large power-carrying capacity and
suitability for operations of heavier electrical equipment. They
are used in the three phase distribution systems. Asia-Pacific and South America are expected to show high growth
in the three phase distribution segment, owing to the increasing
demand for three phase power from industries in India, China,
Brazil, and Argentina. Hence, the demand for three phase
reclosers is expected to be higher in these countries.
North America: The fastest
growing region in the global recloser market
The recloser market in North
America is expected to grow at the highest growth rate, due
to a large number of distribution automation projects in the U.S.
The Asia-Pacific region will
become the largest market by 2021, given smart grid initiatives,
high investments in T&D infrastructure development, energy
efficiency measures, and renewable projects. Governments in the
region have taken various steps for renewable energy programs,
driving the demand for the usage of reclosers.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry
participants, subject matter experts, corporate-level executives of
key market players, and industry consultants among other experts to
obtain & verify critical qualitative and quantitative
information as well as assess future market prospects. Distribution
of primary interviews is as follows
By Company Type: Tier 1- 20%, Tier2-45%, and Tier 3-35%
By Designation: Corporate-Level-25%, Director Level-35%, and
Others*-40%
By Region: Americas-45%, Europe,
Middle East & Africa-30%, Asia-Pacific-25%
Note: *Others include sales managers, marketing managers, and
product managers
The tier of the companies has been defined on the basis of their
total revenue, as of 2015: Tier 1 = >USD
10 billion, Tier 2 = USD 1 billion to
USD 10 billion, and Tier 3 =
Leading players of this industry have been profiled with their
recent developments and other strategic activities. These include
ABB Limited (Switzerland), Siemens
AG (Germany), Mitsubishi Electric
Corporation (Japan), General
Electric Company (U.S.), and Eaton Corporation (Ireland).
Why buy this report?
1. The report identifies and addresses key markets for reclosers,
which is useful for suppliers and OEMs to review production and
distribution plans
2. The report includes analysis for key countries by voltage rating
of reclosers, i.e., Up to 15 kV, 16 kV–27 kV, and above 27 kV. It
analyzes historical trends and also forecast for 2021, assisting in
strategic decision making
3. It also presents competition by analyzing recent market
developments such as key contracts, expansions, and new product
launches from the key global market players. It helps understand
the competition strategies and plan respective initiatives
Read the full report:
http://www.reportlinker.com/p03973708-summary/view-report.html
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