The Europe Reclosers Market Is Estimated To Reach ~$131 Million By 2019

The Europe recloser market is estimated to grow at a CAGR of 3.1% from 2014 to 2019. The recloser segment in Russia holds the largest share of the Europe recloser market, as of 2014; however, the segment in Poland is expected to grow at the fastest CAGR of 4.4% during the forecast period of 2014 to 2019. The growth of the Europe Reclosers market is driven by factors such as reliability, power restoration without manual interventions, customer outage cost reduction, automation/data collection, and growing power distribution networks. However, factors such as high procurement cost, availability of cheaper substitutes to recloser, and lack of investments by government in increasing grid stability are projected to restrain the growth of this market.

Browse through the TOC of Europe Reclosers market for an analysis of industry trends, segments & forecasts.

In this report, the Europe recloser market has been broadly classified on the basis of control, phase, and country. The main countries considered in the analysis of the European market are Russia, Poland, Turkey, and the U.K. The major phases of Reclosers include single phase and three phase. The control segment has been classified into electric control and hydraulic control.

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Europe (comprising the Russia, Poland, Turkey, and the U.K) commanded a share of 14.3% of the global recloser market in 2014. The Europe recloser market in Russia is primarily driven by factors including recloser efficiency, automated operation, and data collection. However, the power distribution network in Russia is matured enough and shows a very slow expansion rate. This is expected to result in slow and steady growth of recloser in Russia.

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The Europe market is a competitive market with a number of market players with niche technologies. Currently, the Europe recloser market is estimated to be dominated by top players such as Tavrida Electric, Cooper Industries, and Nu-lec. New product launches, partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by most market players to achieve growth in the Europe recloser market.    

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MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Europe recloser industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Europe recloser industry are updated on quarterly basis and are easily available for purchase through annual subscriptions.

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