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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~7% |
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Base Year Market Size (2023) |
~ USD 790 Million |
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Forecast Year Market Size (2036) |
~ USD 2 Billion |
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Regional Scope |
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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:
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Phase Type |
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Voltage |
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Interruption |
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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.
Author Credits: Payel Roy, Dhruv Bhatia
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