Research Nester’s recent market research analysis on “Hydraulic Recloser Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global hydraulic recloser market in terms of market segmentation by phase type, voltage, interruption and by region.
Growing Number of Natural Disasters and Rising Number of Data Centers to Promote Global Market Share of Hydraulic Recloser Market
The global hydraulic recloser market is estimated to grow majorly on account of the increased number of data centers all across the globe. The rise in big data is driving the energy and size requirement of the data centers. In the year 2023, almost 120.1 zettabytes of data was generated, requiring more data centers. The necessity of using automatic circuit reclosers with hydraulic control renders cost-effective protection. These factors are projected to fuel the global hydraulic recloser market during the forecasted period. Other than this, the process of amalgamating renewable energy sources into the electrical grid is called renewable integration. The hydraulic reclosers offer important protection and control functions for maintaining safety and dependable functioning. Various companies are equipping themselves with hydraulic recloser devices, that is augmenting the overall global hydraulic recloser market growth during the forecast period. Moreover, the rising natural calamities have also enhanced attention to the importance of grid resilience. The recloser control devices are able to detect and address electrical grid issues and enhance energy efficiency. In the year 2023, there were almost 15,610 detected earthquakes globally. Hence, the rising number of natural calamities is projected to bolster the growth of the global hydraulic recloser market during the forecasted period.
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Some of the major growth factors and challenges that are associated with the growth of the global hydraulic recloser market are:
Growth Drivers:
• Surging Investment in the Renewable Energy Sources
• Rising Number of Data Centers Globally
Challenges:
Availability of alternatives, high cost and maintenance requirement, and lack of awareness amongst people are some of the major factors anticipated to hamper the global market size of global hydraulic recloser market.
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By voltage, the global hydraulic recloser market is segmented into 15 Kv, 16 kV–25 Kv, 32 Kv–38 Kv. Out of these, 16 kV–25 KV segment is set to accumulate a notable share in the projected period. The increasing requirement for 16Kv TO 25Kv hydraulic reclosers can be attributed to the capability to enhance fault detection and localization. The segment is also helpful in enabling cost efficient solutions for voltage distribution applications.
By region, the Europe hydraulic recloser market is to generate the highest revenue by the end of 2036. The region is projected to offer lucrative opportunities on the back of the presence of various market players in the region.
This report also provides the existing competitive scenario of some of the key players of the global hydraulic recloser market which includes company profiling of NOJA Power, BRUSH Group, Schneider Electric, Iljin Electric Co., Siemens, Hughes Power System, Solomon Corporation, S&C Electric Company, General Electric Company, Eaton, G&W Electric Co., Tavrida Electric Global, ABB Ltd., ENTEC Electric & Electronic, Mitsubishi Electric Corporation, NTT DATA Group Corporation and others.
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