How will Europe recloser market register growth over the forecast duration?
Publisher : Fractovia | Published Date : 2019-10-04Request Sample
Increased applicability of single phase reclosers in lines such as taps or branches of three-phase feeder is driving recloser industry growth. Quick and easy installation, improved mechanical protection and space savings are few of the key features that have complemented market expansion. According to Global Market Insights Inc., the single phase recloser market was valued over USD 750 million in 2018. Expansion of communication & data centers, offices, public apartments and educational premises are anticipated to positively influence industry landscape over the upcoming years.
How can recloser industry register growth in the U.S. market?
Increasing focus on minimizing prolonged outages on power distribution networks caused by temporary faults or transient overcurrent conditions could boost U.S. recloser market share. Efforts to upgrade the power distribution capacity in a bid to meet surging energy demand could accelerate industry expansion. Furthermore, shifting inclination toward the establishment of efficient electric systems that can quickly resume electricity service following temporary faults are estimated to complement the U.S. recloser industry scenario over the forecast period.
How will digital technology & advanced instrumentation drive recloser market growth?
Increasing investments towards expansion of existing power distribution networks coupled with enhanced focus on deploying advanced instrumentation & digital technology is expected to drive recloser industry size. Allocation of funds by regulatory authorities to modify outdated grids could boost industry landscape.
How will rising power consumption trend impact Europe recloser market share?
Europe is touted to emerge as one of the foremost regional grounds for recloser market. In fact, Europe recloser market is expected to rise at a steady pace over the upcoming years. Rising power consumption trends coupled with increasing automation in the industrial sector is estimated to record significant growth prospects in the regional industry landscape. Additionally, growing demand for reliable and secure electricity distribution systems along with significant rise in investments toward deployment of smart power distribution infrastructures is projected to boost Europe recloser market outlook.
