Hydraulic Recloser Market Size & Share, by Phase Type (Three, Single, Triple Single); Voltage (Up to 15 Kv, 16 kV-25 Kv, 32 Kv-38 Kv); Interruption (Oil, Vacuum) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5677
  • Published Date: Feb 20, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Hydraulic Recloser Market size is poised to reach USD 2 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of hydraulic recloser was USD 790 Million. The reason behind the growth is due to the growing production of electricity across the globe. Over the past three decades, there has been a huge increase in the world's energy generation owing to factors such as increasing urbanization, and growth in the world's population and economy. For instance, in 2022, the world's power generation increased by more than 2%.

The growing need for smart grid technologies is believed to fuel the hydraulic recloser market growth. The smart grid relies heavily on hydraulic recloser controllers that provide sophisticated monitoring, and control features, of power distribution systems, and can control and observe the reclosers from a distance.


Hydraulic Recloser Market
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Hydraulic Recloser Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Investment in Renewable Energy Sources - The process of integrating renewable energy sources into the electrical grid is known as renewable integration and maintains the safe and dependable functioning of distribution infrastructure under a variety of operating conditions, hydraulic reclosers offer crucial protection and control functions.
  • Growing Number of Data Centers- The growth of big data is driving up the size and energy requirements of data centers, which necessitates the use of automatic circuit reclosers with hydraulic control to offer dependable and cost-effective overcurrent protection.
  • Increasing Natural Disasters- Natural calamities have brought attention to how crucial grid resilience is therefore, recloser control devices let utilities detect and address electrical grid issues promptly, which enhances energy efficiency.

Challenges

  • Availability of Alternatives- The presence of solid-state and vacuum reclosers may impact the adoption of hydraulic reclosers. A basic single-phase distribution system is used to deploy the recloser models, and have solid-state vacuum interrupters, which offer better dependability and performance. Customers may favor alternative recloser technologies owing to their benefits in terms of performance, dependability, and maintenance needs, and are frequently more compatible with smart grid infrastructures.
  • High initial cost and maintenance requirements which may limit its adoption
  • Variation in raw material prices is expected to increase the overall cost of production

Hydraulic Recloser Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~7%

Base Year Market Size (2023)

~ USD 790 Million

Forecast Year Market Size (2036)

~ USD 2 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Hydraulic Recloser Segmentation

Phase Type (Three, Single, Triple Single)

The three-phase segment in the hydraulic recloser market is estimated to gain a robust revenue share of 60% in the coming years. To increase system reliability, three-phase circuits employ three-phase reclosers as they offer dependable, independent protection against overcurrents in distribution circuits, and as they also require little maintenance and are inexpensively available. One mechanism controls all three-phase reclosers which is a high-voltage automatic switch that is commonly used in household electric lines owing to its large power-carrying capacity and is also suitable for use in the transmission and distribution sectors of the power industry.

Owing to advantages including a higher power-to-weight ratio, three-phase reclosers are becoming more popular than single-phase ones, and are mostly being utilized by utilities to achieve single-pole tripping. Moreover, an essential part of electrical distribution networks, the three-phase hydraulic recloser guards power lines against malfunctions and interruptions to guarantee dependable energy distribution, and power monitoring, providing thorough protection and synchronization.

In addition, the single-phase hydraulic recloser is a type of phase-sensing device that is used in power plants, transmission lines, substations, and distribution lines and helps network operators by lowering operational expenses.

Voltage (Up to 15 Kv, 16 kV–25 Kv, 32 Kv–38 Kv)

The 16 kV–25 KV segment in the hydraulic recloser market is set to garner a notable share shortly. The rising need for 16kV to 25kV hydraulic reclosers can be ascribed to their capacity to boost fault detection and localization, enable cost-effective solutions for medium-voltage distribution applications, support smart grid initiatives, and improve the safety, efficiency, and dependability of power distribution networks.

Our in-depth analysis of the global hydraulic recloser market includes the following segments:

     Phase Type

  • Three
  • Single
  • Triple Single

     Voltage

  • Up to 15 Kv
  • 16 kV–25 Kv
  •  32 Kv–38 Kv

     Interruption

  • Oil
  • Vacuum

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Hydraulic Recloser Industry - Regional Synopsis

APAC Market Forecast

The hydraulic recloser market in the Asia Pacific is predicted to account for the largest share of 42% by 2036 impelled by the growing industrial activities. The manufacturing industry in India plays a significant role in the economic expansion of the nation and is one of the key factors influencing India's GDP (gross domestic product). For instance, in November 2023, India's industrial production grew by more than 2% compared to the same month the previous year.

In addition, China has expanded both localized and cross-regional infrastructure to a substantial degree during the past 30 years, making it the largest infrastructure market in the world, with a five-year strategy in place, the nation intends to keep spending heavily on transportation infrastructure. All these factors are expected to drive the market growth in the region.

North American Market Statistics

The North America hydraulic recloser market is estimated to be the second largest, during the forecast timeframe led by the frequent blackouts. In the US, the frequency of blackouts is rising a result of which The U.S. Department of Energy (DOE) is working to develop the contemporary grid of the future which can deliver a massive boost to the U.S. economy, especially in rural areas. For instance, by 2030, the United States may need to invest over USD 1 trillion in grid upgrading.

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Hydraulic Recloser Market Size
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Companies Dominating the Hydraulic Recloser Market

top-features-companies
    • NOJA Power
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • BRUSH Group
    • Schneider Electric
    • Iljin Electric Co.
    • Siemens
    • Hughes Power System
    • Solomon Corporation
    • S&C Electric Company
    • General Electric Company
    • Eaton
    • G&W Electric Co.
    • Tavrida Electric Global
    • ABB Ltd.
    • ENTEC Electric & Electronic

In-the-news

In The News

  • NOJA Power announced the introduction of a new controller for their OSM Recloser products, the RC-03 that aids in achieving cost optimizations by updating specifications several times, and enhances ease of use for operators while maintaining the strength and adaptability of the solution for SCADA and protection engineers.
  • Iljin Electric Co. announced to provide high-voltage transformers to a prominent US energy company, and significantly increase production capacity, to produce transformers valued over 433 million by 2026. In addition to securing its crucial position in the changing US energy environment, Iljin Electric's winning proposal also fits with the larger industry trend of updating and improving power infrastructure.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 5677
  • Published Date: Feb 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing production of electricity across the globe and the growing need for smart grid technologies are the major factors driving the growth of the market.

The market size of hydraulic recloser is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024-2036.

The major players in the market are BRUSH Group, Schneider Electric, Iljin Electric, Siemens, Hughes Power System, Solomon Corporation, S&C Electric Company, General Electric Company, Eaton, G&W Electric Co., Tavrida Electric Global, ABB Ltd., and others.

The three-phase segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Hydraulic Recloser Market Report Scope
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