市場調查報告書
商品編碼
1429012
重合器控制市場:按類型、電壓範圍、依最終用途產業、按地區、機會、預測,2017-2031 年Recloser Control Market Assessment, By Type, By Voltage Range, By End-use Industry, By Region, Opportunities and Forecast, 2017-2031F |
全球重合器控制市場規模預計將從 2023 年的 24.5 億美元增長到 2031 年的 34.2 億美元,2024-2031 年預測期間複合年增長率為 4.26%。重合器控制市場為利害關係人提供了寶貴的好處,包括全面的市場洞察、競爭分析和投資決策支援。深入了解市場動態,以便做出明智的決策和有效的策略制定。該市場受到電網現代化、再生能源併網以及提高電網彈性的需求等因素的推動。電網現代化對於重合器控制至關重要,因為它有助於減少停電頻率和持續時間、提高電網效率並加強整體能源管理。預計電網現代化工作將繼續推動重合器控制市場的顯著成長,因為電力公司正在尋求創新解決方案來滿足對可靠和有彈性的電源不斷增長的需求。這些系統在將再生能源融入現有電網、確保無縫運作和電網穩定性方面發揮關鍵作用。
由於正確利用液壓流體流量來調節用於保護電網的重合器控制裝置的操作,液壓控制系統正在廣泛擴大市場成長。液壓控制主要用於單相重合器控制和一些三相重合器控制。這種類型的控制透過與線路串聯的跳脫線圈檢測過電流來進行操作。然後透過單獨的液壓室或管道循環油來完成定時和排序。
電氣控制透過促進電網現代化和增強彈性來增強重合器控制。採用電氣控制技術的重合器控制系統在將再生能源併入現有電網、確保無縫運作和電網穩定性方面發揮關鍵作用。
政府措施對於推動重合器控制系統的需求至關重要。符合政府加強電網彈性政策的電網現代化工作是全球重疊器控制市場的主要驅動力。世界各國政府越來越關注環境永續性和減少碳排放,從而實施鼓勵更清潔和更永續的能源實踐的政策。重合器控制裝置透過提高能源效率和電網可靠性來間接支持這些政策。因此,隨著政府的這些舉措,對重合器控制系統的需求預計將會成長。
該報告研究了全球重合器控制市場,並提供了市場概述,包括按類型、電壓範圍、最終用途行業、區域趨勢以及參與市場的公司概況劃分的趨勢。
Global recloser control market is projected to witness a CAGR of 4.26% during the forecast period 2024-2031, growing from USD 2.45 billion in 2023 to USD 3.42 billion in 2031. The recloser control market offers valuable benefits to stakeholders, including comprehensive market insights, competitive analysis, and investment decision support. It provides a deep understanding of market dynamics, enabling informed decision-making and effective strategy formulation. The market is driven by factors such as grid modernization, renewable energy integration, and the need for improved grid resilience. Grid modernization is essential in recloser control because it helps reduce the frequency and duration of power outages, improves grid efficiency, and enhances overall energy management. Grid modernization initiatives are expected to continue driving substantial growth in the recloser control market as utilities seek innovative solutions to meet the growing demand for reliable and resilient power supply. These systems play a vital role in integrating renewable energy into existing power grids, ensuring seamless operation and grid stability.
For example, June 2023, S&C Electric developed a reliable and resilient modern grid recloser control, which played a pivotal role in modernizing and enhancing the reliability of electrical grids. Recloser control systems help reduce the frequency and duration of power outages, improve grid efficiency, and enhance overall energy management. Moreover, its technological advancements, such as advanced communication protocols, self-healing capabilities, and AI integration, are driving market expansion.
Utilization of Hydraulic Control Systems is spearheading the Market Growth
Hydraulic control systems are proliferating the market growth extensively as they adequately utilize the flow of hydraulic fluid to regulate the operation of recloser control devices, which are used to protect electrical grids. Hydraulic control is used mostly in single-phase recloser control devices and in some three-phase recloser control devices. This type of control operates by detecting an overcurrent through a trip coil connected in series with the line. Subsequently, timing and sequencing are achieved by circulating oil through separate hydraulic chambers or ducts.
For instance, in October 2023, four hydraulics designs were honored in the 2023 LEAP Awards in Asia Pacific for their innovative contributions to the recloser control market. These designs utilized the flow of hydraulic fluid to regulate the operation of reclosers. This recognition highlighted the significance of hydraulic technology in advancing the resilience and efficiency of modern electrical grids.
Electric Control Is Augmenting the Market Prosperity
Electric control is enhancing recloser control by contributing to the modernization and improved resilience of electrical grids. Recloser control systems, augmented by electric control technologies, play a vital role in integrating renewable energy into existing power grids, ensuring seamless operation, and grid stability.
For example, in May 2023, NOJA Power supplied hundreds of their OSM Recloser systems to ComEd, enhancing power reliability and support for the utility's distribution network in Chicago. This supply of Recloser systems aligns with NOJA Power's commitment to bolstering electrical grid infrastructure and ensuring consistent power supply, further solidifying their position as a leading provider of recloser and switchgear solutions.
Government Initiatives
Government initiatives are crucial in driving the demand for recloser control systems. Grid modernization efforts, aligned with government policies to enhance grid resiliency, are significant drivers of the global recloser control market. Governments worldwide are increasingly concerned about environmental sustainability and reducing carbon emissions, leading to implementing policies that encourage cleaner and more sustainable energy practices. Recloser control devices indirectly support these policies by contributing to energy efficiency and grid reliability, thus, the demand for Recloser Control systems is likely to grow in response to these government initiatives.
For instance, in August 2023, Penelec, a subsidiary of FirstEnergy Corporation installed nearly 350 automated TripSaver reclosing devices along power lines. These devices are designed to enhance electric reliability by automatically isolating issues on electric lines and restoring power, ultimately reducing the number of customers affected by outages. This initiative outlined the company's commitment to improving grid resilience and minimizing the impact of power disruptions on customers.
Energy and Power Industry is Accelerating the Market Growth Prospects
The Energy and Power Industry significantly influences the recloser control market through various dynamics like grid modernization, renewable energy integration, and smart grid establishment. Additionally, technological advancements, strengthening cybersecurity measures, and the increasing demand for reliable power distribution and smart grid technologies are actively contributing to market expansion.
For example, in August 2023, England based FirstEnergy invested over USD 20 million in new automated technology and equipment upgrades to enhance service reliability. As part of this initiative, Penn Power personnel installed more than 30 new automated reclosing devices. These cutting-edge devices automatically isolate issues on electric lines and restore power, reducing the impact of service interruptions and enhancing the reliability of the electric grid, ultimately benefiting customers in all types of weather conditions.
Asia-Pacific Remained the Market Leader in All Respects
The Asia-Pacific region continued to be the market leader in recloser control. This dominance is attributed to new distribution line installations, increasing power demand, and the need for reliable power distribution. Furthermore, the region's well-established power infrastructure, technological advancements, and significant investments in grid modernization contribute greatly to its leadership in the recloser control market.
For instance, in September 2023, China's Top 500 Private Enterprises Summit in Jinan showcased the country's leadership in the development of auto recloser technology for power systems. The event highlighted China's significant investments in research and development, particularly in intelligent substations and power systems, reflecting the nation's commitment to advancing technological solutions in the power sector. This emphasis on innovation and modernization reinforces China's position as a key player in the global recloser control market, thereby contributing to the industry's growth and evolution.
Future Market Scenario (2024 - 2031F)
The market includes electric control and hydraulic control types, with the electric recloser segment expected to hold a larger share due to its wide application, greater flexibility, and automation functionality, thereby catering to extensive opportunities for market prosperity.
Furthermore, the market expedition is driven by factors such as grid modernization, renewable energy integration, and the need for improved grid resilience. Grid modernization initiatives are expected to continue driving substantial growth in the recloser control market as utilities seek innovative solutions, thereby leading to myriad growth opportunities for the market.
Key players in the market are experiencing high demand from the industrial sector. These players are actively engaged in contracts, agreements, and the launch of new products, which in turn, is expected to drive the market for recloser controls.
Key Players Landscape and Outlook
Key participants in the recloser control market include Entec Engineering Company, Eaton Corporation, Hubbell, ABB, General Electric Company., and Siemens AG. These key market players focus on technological developments, advanced protection, metering, and automation functionality, and real-time monitoring, fault locating, and remote-control capabilities to secure a prominent position in the highly competitive environment. Additionally, integrating recloser controls with intelligent electronic devices (IEDs) has improved recloser control systems' efficiency and performance, enhancing the electrical grid's overall reliability and automation.
In November 2023, ABB secured a USD 542.21 million financing agreement with the European Investment Bank (EIB) to support developing and deploying recloser systems. This significant investment reflected the growing emphasis on grid modernization and the need to enhance power system reliability. The partnership is poised to reduce power outages, minimize storm impacts, and improve overall grid resilience, aligning with the industry's focus on advancing grid modernization initiatives and bolstering the reliability of power distribution systems.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.