North American reclosers market is projected to reach $350 million by 2019, at a 2.5%


Posted October 26, 2015 by Andy1199

New product launches and agreements are among the key strategies adopted by leading market players to boost their growth in the North America Recloser market.

 
According to the new market research report “North America Recloser Market by Phases (Single Phase, Three Phase, Triple Single Phase), By Control (Hydraulic and electric), By Countries - Regional Trend & Forecast to 2019”, the North America Reclosers market for the forecast period of 2014 to 2019. The market is expected to reach ~$350 million by 2019, at CAGR of 2.5% from 2014 to 2019.
The North America recloser market is estimated to grow at a CAGR of 3.9% from 2014 to 2019. Although the mature market in the U.S. holds the largest share in the North America recloser market, the segment in Canada is expected to grow at the fastest CAGR of 3.8% from 2014 to 2019. The growth of the North America recloser market is driven by factors such as reliability, automatic restoration of power, customer outage cost reduction, automation/ data collection, and growing power distribution networks in the region.

However, factors such as high procurement cost, availability of cheaper substitutes to recloser, and lack of investment by government in grid stability may restrain the growth of this market in the coming years.
Recloser has the ability to automatically close circuits, which open due to temporary overloads or short circuits. Automation in power restoring act also reliable uninterrupted supply makes them attractive for the customers.
The North American region is the largest market for the recloser, having accounted a share of around 42% in 2013.

In this report, the North America recloser market has been broadly classified on the basis of phase, control, and country. The countries considered for the market analysis are the U.S., Canada, and Mexico.
The recloser market in North America, in terms of phase, is further categorized into single phase recloser, three phase recloser, and triple single recloser. The control segment is classified into electric control and hydraulic control.
The key companies operating in the North America recloser market are ABB Ltd., Cooper Industries, and G&W Electric among others.

Browse through the TOC of North America Recloser Market for an analysis of industry trends, segments & forecasts.
http://www.micromarketmonitor.com/market/north-america-reclosers-6256888458.html

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Issued By MicroMarket Monitor
Country India
Categories Business , Engineering , Industry
Tags north america reclosers market , north america reclosers market analysis , north america reclosers market business , north america reclosers market forecast , north america reclosers market trend
Last Updated October 26, 2015