Report Overview

Growing focus and investments to enhance power generation from renewable energy sources, increasing instrumentation of distribution automation solutions, expanding transmission and distribution (T&D) networks across the country are projected to propel the expansion of United States Recloser Market at a steady growth rate during the forecast period 2022 and 2028.

United States Recloser Market - Industry Trends & Forecast Report, 2028

United States Recloser Market size is expected to expand at a steady CAGR of 7% during the forecast period between 2022 and 2028. Major growth factors for United States recloser market include increasing investments by major players in the market to boost the renewable energy sector and smart grid projects, and surging demand for power restoration automation and data collection. Furthermore, the US government is investing in expanding existing grids and installing new ones to improve power T&D. In addition, rising urbanization and development across numerous industries, as well as stable economic growth, are increasing demand for power, resulting in increased deployment of reclosers. Technology developments in microprocessor systems as well as the expansion of T&D networks are also expected to propel the United States recloser market forward during the period in analysis.

United States Recloser Market

Growth Drivers

Expanding T&D networks and increasing demand for automation

Urbanization and industrialization activities have increased dramatically, resulting in a huge increase in demand for power supply. This has placed an additional strain on electricity generation and supply facilities to meet daily demands. Due to the increased strain on circuits caused by continuous power usage, most businesses and individuals are preferring to install recloser devices for safety reasons. Furthermore, growing electricity demand has directly helped the growth of transmission and distribution networks, which necessitates the installation of a considerable number of recloser systems to prevent any future damage, which could result in total power failure. The expanding automation activities have also boosted the demand for recloser systems, which regulate the operation and reduce the need for user intervention to restore power supply.

Restraints

Cheaper substitutes to reclosers

Several manufacturers in the safety system sector have begun to produce low-cost alternatives to reclosers. The availability of less expensive substitutes, such as pressure vacuum breaker (PVB), for reclosers may limit the demand for reclosers. Consequently, cheaper alternatives are anticipated to affect the growth of recloser market in the United States.

Impact of COVID–19 on United States Recloser Market

COVID-19 had a detrimental impact on recloser market due to imposition of lockdowns. Employees were being asked to work from home and production sectors were temporarily closed. As a result, several companies reduced their manufacturing and supply activities, putting a stop to the requirement for recloser. However, surging demand for power has led to development of T&D networks and rising investments in the renewable energy sector and smart grid projects have boosted the market growth. Rising technology advancements and other strategic alliances by market key players will generate a lucrative growth opportunity for the US recloser market in the coming years.

United States Recloser Market

Segmental Coverage

United States Recloser Market - By Phase Type

On basis of phase type, United States recloser market is divided into Single Phase, Three-Phase, and Triple Single-Phase segments. The three-phase segment is expected to hold the highest market share in the United States Recloser market, because of weight ratio, reduced size, and less conductor material involved in the three-phase reclosers.

 

United States Recloser Market - By Control Type

Based on control type, the United States recloser market is bifurcated into Electric and Hydraulic segments. The hydraulic segment is expected to dominate the market during the forecast period, as hydraulic control type is commonly employed in single-phase and three-phase reclosers. They are installed within a recloser and may detect an overcurrent and disable the circuit incredibly fast. While electric reclosers are susceptible to unintentional circuit failures, which can seriously damage appliances and machinery, hydraulic reclosers are far more dependable and require minimal upkeep. In addition, hydraulic reclosers are relatively low cost, which is expected to fuel the growth of the hydraulic control segment in the United States recloser market during the forecast period.

United States Recloser Market - By Voltage Rating

Based on Voltage Rating, the United States recloser market is segmented into Up to 15 kV, 16 to 27 kV, and 28 to 38 kV. The up to 15 kV segment is expected to hold the highest share in the market, due to surging demand for reliable substation equipment resulting in development of innovative safety devices, such as automatic circuit reclosers. Furthermore, owing to increased home power distribution capacity to meet rising household electricity consumption, the up to 15 kV voltage rating segment is projected to expand during forecast period.

United States Recloser Market - By Insulation Medium

Based on insulation medium, United States recloser market is divided into Epoxy, Oil, and Air. The epoxy segment is expected to hold the highest market share during period in analysis, as they are designed to be employed in distribution feeders or substations to optimize long-term reliability while minimizing routine maintenance requirements. Furthermore, epoxy insulating medium reclosers are a key component of a transmission network, and they are deployed within substations to regulate the flow of enormous amounts of electric power across an electrical network. As the demand for electricity grows, the transmission network will also expand, resulting in surging demand for epoxy insulating medium recloser in new transmission substations.

United States Recloser Market - By Region

Geographically, United states recloser market is segmented into Northwest, Southwest, West, Southeast, and Midwest regions. The United States electricity market is being driven by a high need for smart and electrical grids. It is predicted to be driven by the rebuilding of old systems, the implementation of automation technologies, and the installation of new infrastructure to fulfill the increasing residential demand for reclosers. Reclosers are utilized to safeguard the overhead power line from various electrical problem and faults. Several US firms are investing in distribution automation technologies and smart grid initiatives. This, in turn, is expected to drive the growth of recloser market in the United States during the period in analysis.

Competitive Landscape

United States recloser market is highly competitive. Prominent players in the market include Schneider Electric, ABB Limited, Easton Corporation, Cooper Industries, G &W Electric, Hubbell, Ghorit Electric & Co., and S&C Electric Company. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.

Recent Developments

• In November 2020 – Eaton invested USD 100 million in the construction of electric production and distribution facilities in North America to enhance sales of its high-demand intelligent solutions, such as circuit breakers, load centers, switchboards, and residential solutions.

Scope of the Report

 

Attributes	Details
Years Considered	Historical Data – 2018–2021
	Base Year – 2021
	Estimated Year – 2022
	Forecast – 2022–2028
Facts Covered	Revenue in USD Million
Market Coverage	United States
Product/ Service Segmentation	Phase Type, Control Type, Voltage Rating, Insulation Medium, Region
Key Players	Schneider Electric, ABB Limited, Easton Corporation, Cooper Industries, G &W Electric, Hubbell, Ghorit Electric Co., S&C Electric Company

 

By Phase Type

• Single Phase

• Three-Phase

• Triple Single-Phase

By Control Type

• Electric

• Hydraulic

By Voltage Rating

• Up to 15 kV

• 16 to 27kV

• 28 to 38 kV

By Insulation Medium

• Epoxy

• Oil

• Air

By Region

• Northwest

• Southwest

• West

• Southeast

• Midwest

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. United States Recloser Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing instrumentation of distribution automation solutions for power quality and reliability
         2. Expanding T&D networks
      2. Restraints
         1. Increasing competition from unorganized sector
         2. Availability of cheap alternatives to recloser
      3. Opportunities
         1. Increasing investments in smart grids
      4. Challenges
         1. High cost of reclosers
   3. Recent Developments/Technology Advancements
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. United States Recloser Market Overview
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Phase Type
         1. Single Phase
         2. Three-Phase
         3. Triple Single-Phase
      2. By Control Type
         1. Electric
         2. Hydraulic
      3. By Voltage Rating
         1. Up to 15 kV
         2. 16 to 27kV
         3. 28 to 38 kV
      4. By Insulation Medium
         1. Epoxy
         2. Oil
         3. Air
      5. By Region
         1. Northwest
         2. Southwest
         3. West
         4. Southeast
         5. Midwest
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Market Share/Ranking Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)
6. Impact of COVID on United States Recloser Market
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, SWOT Analysis and Strategic Outlook) *
   1. Schneider Electric
   2. ABB Limited
   3. Easton Corporation
   4. Cooper Industries
   5. G &W Electric
   6. Hubbell
   7. Ghorit Electricals Co.
   8. S&C Electric Company
   9. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation

 

*Financial details of unlisted companies will be available as per data availability in final deliverable **The segmentation and the companies are subject to modifications based on in-depth secondary for the final deliverable

 

 

 

 

 

 

 

List of Figures

 

 

Figure 1        United States Recloser Market Segmentation

Figure 2        United States Recloser Market Value Chain Analysis

Figure 3        Porter’s Five Forces Analysis

Figure 4        United States Recloser Market Size, By Value (USD Million), 2018–2028

Figure 5        United States Recloser Market Share, By Phase Type, By Value, 2018–2028

Figure 6        United States Recloser Market Share, By Control Type, By Value, 2018–2028

Figure 7        United States Recloser Market Share, By Voltage Rating, By Value, 2018–2028

Figure 8        United States Recloser Market Share, By Insulation Medium, By Value, 2018–2028

Figure 9        United States Recloser Market Share, By Region, By Value, 2018–2028

Figure 10       Company Market Share Analysis, 2021

 

List of Tables

Table 1         United States Recloser Market Size, By Phase Type, By Value (USD Million), 2018–2028

Table 2         United States Recloser Market Size, By Control Type, By Value (USD Million), 2018–2028

Table 3         United States Recloser Market Size, By Voltage Rating, By Value (USD Million), 2018–2028

Table 4         United States Recloser Market Size, By Insulation Medium, By Value (USD Million), 2018–2028

Table 5         United States Recloser Market Size, By Region, By Value (USD Million), 2018–2028

Table 6         Key Players and Their Offerings

Table 7         Competitive Benchmarking, By Operating Parameters

Table 8         Mergers, Acquisitions, Partnerships, and others

Table 9         Schneider Electric Company Overview

Table 10        Schneider Electric Financial Overview

Table 11        ABB Limited Company Overview

Table 12        ABB Limited Financial Overview

Table 13        Easton Corporation Overview

Table 14        Easton Corporation Overview

Table 15        Cooper Industries Company Overview

Table 16        Cooper Industries Financial Overview

Table 17        G &W Electric Company Overview

Table 18        G &W Electric Financial Overview

Table 19        Hubbell Company Overview

Table 20        Hubbell Financial Overview

Table 21        Ghorit Electricals Co. Company Overview

Table 22        Ghorit Electricals Co. Financial Overview

Table 23        S&C Electric Company Overview

Table 24        S&C Electric Company Financial Overview