The European reclosers market is estimated to grow at a CAGR of 3.1% in the forecast period and the single phase recloser is expected to grow at a CAGR of 1.0%. The advanced technology of automation, minimum restoring time, improved performance, growth of power distribution networks, electronically collection of data, and reliability are some of the key factors that fuel the growth of reclosers in the European market. However, automation cost is a barrier for the upcoming years and the governments are not investing enough to ensure grid stability that finds certain difficulties in capital expenditure.
Emerging markets that include Russia and Poland have become attractive for companies that are engaged in the development and marketing of reclosers. Control mechanism is crucial for the proper functioning of reclosers. There are two types of control mechanisms for recloser operations-electric control and hydraulic control.
In 2013, Tavrida Electric (Russia) was considered as the top player in the market, with a market share of 25%, followed by Cooper Industries (Ireland) and Nulec (France) with 22% and 18%, respectively. Other companies operational in this market include Schneider Electric G &W, and other smaller firms, which accounted for about 35% of the market share in the same year.
Scope of the Report
This research report categorizes the European reclosers market into the following segments and sub-segments: