As per Future Market Insights, the Solid Vacuum Reclosers Market is anticipated to attain a value pool of USD 2 billion by 2023-end. Global demand for solid vacuum reclosers is expected to rise at a CAGR of 5.8% to USD 3.5 billion in 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | USD 2 billion |
| Projected Market Value in 2033 | USD 3.5 billion |
| Growth Rate (2023 to 2033) | 5.8% CAGR |
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Increased investment in renewable energy: The use of renewable energy sources such as solar, wind, and hydropower is growing rapidly worldwide. Solid Vacuum Reclosers are used in renewable energy systems to protect the equipment from overloads and surges. With increased investment in renewable energy, the demand for Solid Vacuum Reclosers is expected to increase significantly.
Aging power distribution infrastructure: The power distribution infrastructure in many countries is aging, and there is a need for modernization and upgradation. Solid Vacuum Reclosers are a reliable and efficient solution to protect the power distribution infrastructure from faults and outages. The need for modernization and upgradation of power distribution infrastructure is expected to drive the growth of the solid vacuum reclosers market.
Advancements in technology: There have been significant advancements in the technology used in Solid Vacuum Reclosers, such as the use of digital sensors and communication technologies. These advancements have made Solid Vacuum Reclosers more efficient, reliable, and easier to maintain. The growing adoption of these advanced technologies is expected to drive the growth of the Solid Vacuum Reclosers Market.
Expansion in emerging markets: Emerging markets such as Asia-Pacific, Latin America, and the Middle East offer significant growth opportunities for the Solid Vacuum Reclosers Market. These regions have large populations, a growing demand for electricity, and a need for reliable power distribution systems. Solid Vacuum Reclosers can provide an efficient and reliable solution for these markets, and manufacturers can take advantage of these opportunities by expanding their presence in these regions.
Increased adoption of smart grid technologies: The adoption of smart grid technologies is growing rapidly worldwide. Solid Vacuum Reclosers can play a vital role in smart grids by enabling remote monitoring and control of power distribution systems. This can result in improved efficiency, reliability, and cost-effectiveness of power distribution systems. The increasing adoption of smart grid technologies is expected to create significant opportunities for the Solid Vacuum Reclosers Market.
Integration with renewable energy systems: Renewable energy systems such as solar and wind power are becoming increasingly popular worldwide. Solid Vacuum Reclosers can be integrated into these systems to protect the equipment from overloads and surges. The integration of Solid Vacuum Reclosers with renewable energy systems presents a significant opportunity for manufacturers in the solid vacuum reclosers market.
Insights into the Latest Trends Shaping the Solid Vacuum Reclosers Market
Increasing adoption of digital technologies: The use of digital technologies such as sensors, communication systems, and data analytics is increasing in the Solid Vacuum Reclosers Market. These technologies enable remote monitoring and control of power distribution systems, resulting in improved efficiency and reliability. Manufacturers are incorporating these digital technologies into their products to stay competitive in the market.
Growing emphasis on sustainability: The focus on sustainability is increasing in the Solid Vacuum Reclosers Market. Manufacturers are developing eco-friendly and energy-efficient products to meet the growing demand for sustainable solutions. This trend is expected to continue in the coming years as the emphasis on sustainability increases worldwide.
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According to research, the Solid Vacuum Reclosers market is projected to grow steadily across regions, with around 6% projected CAGR over the 2021 to 2031 forecast period. These reclosers provide maximum continuity of electric service, in a simple and economical manner, to grid operators and other commercial and industrial customers.
In power distribution and transmission, reclosers act as fundamental powerhouse units. From the substation to the residential utility poles, they are used throughout the power distribution system. They range in size from modest single-phase systems to big-sized three-phase systems, found in substations and on high-voltage power lines.
They cut down on the length and frequency of outages, minimize operating costs, and boost customer service and the system's overall reliability.
These systems are beneficial as they considerably provide protection against many faults, such as different types of earth faults, broken wires, major transient short circuits, islanding, arc flashing, faults in tap changers, high or low power generation, and network overloads. The main advantage of a vacuum recloser is that it takes almost no time for a reclosing operation (between 100-300 msec).
When installed on a radial feeder, as part of feeder automation, reclosers automatically clear the faults in transient and help to isolate the permanent defects. They can be built to isolate failures selectively and guarantee that fewer consumers are impacted.
Thus the solid insulation configuration becomes an intrinsically trustworthy and environmentally friendly piece of intelligent automation. They save electric companies a lot of time and money since they allow power to be restored automatically after just a few flashes.
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Solid configured solid vacuum reclosers which are currently available in the market, are designed to be modular, which makes field up gradations easier and aids in simple, effective, and fast retrofits.
The single-phase configuration has a pole rotation mounting bracket for easier installation. Many versions of these products are designed to bear more lightweight, than existing conventional units because the compact design makes it easier to move and install.
Most reclosers are designed to be compatible with various sensors and controls available in the market. They are becoming smart-grid-ready with new provisions in their design such as a provision to add integral load-side voltage sensors or source-side voltage sensors.
The molded vacuum recloser design, in combination with microprocessor controls, accurately detects a wide variety of line disturbances and provides dependable, high-speed isolation for harsh situations.
These units are becoming increasingly popular among utility customers in Europe. The epoxy encapsulation and polyurethane insulation are providing arc tracking resistance, minimize temperature variation, aid heat insulation in control cabinets, and provide superior hydrophobicity in end-use applications.
In Europe, these recloser units are used in feeder automation applications in countries such as Germany and the United Kingdom.
With an increasing no. of industrial clusters, dependable power distribution will be critical to powering the region's next stage of growth, in countries such as India and China. For manufacturing outdoor products for substations, companies are setting up regional facilities in these countries.
Reclosers are also used on overhead power distribution systems to identify and interrupt transitory problems, as well as to increase system uptime. With the rising demand from utility sectors and grid operators, the region is becoming an innovation hub for various medium-voltage power categories.
Some of the leading manufacturers and suppliers include:
With developments in vacuum technology, solid vacuum reclosers manufacturers are providing various solutions with medium voltage components, for distribution and industrial networks. In regions of high growth in the power distribution industry, manufacturers are aiming to expand their base in these markets.
End-users such as power plants (substations and station supply systems), transformer substations at the primary distribution level, and other industrial users are being targeted. They are developing new products with the incorporation of a microprocessor for measuring, controlling, and remote control being one of the most recent advancements in vacuum interrupter technology.
This adds instantaneous tripping, delayed tripping, and over-current protection, as well as the ability to customize tripping duration, reclosing time, and frequency, for varied end-use applications.
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Phase Type 6.2. System Voltage (Kv) 6.3. End-Use Industry 7. Global Market Analysis and Forecast, By Phase Type 7.1. Single phase reclosers 7.2. Three phase reclosers 8. Global Market Analysis and Forecast, By System Voltage (Kv) 8.1. Up to 15 kV 8.2. 15 to 24 kV 8.3. 24 to 38 kV 9. Global Market Analysis and Forecast, By End-Use Industry 9.1. Commercial 9.2. Industrial 9.3. Utilities 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia and the Pacific 10.5. East Asia 10.6. Middle East and Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia and the Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Phase Type, System Voltage (Kv), and End-Use Industry for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. ABB Ltd 19.2. Eaton Plc 19.3. Siemens AG 19.4. Schneider Electric SE 19.5. Togami Electric Mfg. Co. Ltd 19.6. Mitsubishi Electric Corporation 19.7. Tavrida Electric 19.8. ESTECO SpA 19.9. Zensol Automation Inc. 19.10. Arteche Group
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Solid Vacuum Reclosers Market
