Over a decade, the demand of reclosers market has been growing in Europe and the companies like Tavrida Electric, Cooper industries and Nulec have shown a great development in terms of product and offerings. Tavrida Electric (Russia) has a market share of 25% followed by Cooper Industries (22%) and Nulec (18%). Other companies such as ABB Ltd., G&W Electric (USA), Hubbell Inc. (USA), Schneider Electric SE (France) have also shown interest in Europe recloser market to some extent.
Tavrida Electric (Russia) basically deals with the manufacture of medium voltage circuit breakers worldwide. They produce more than 50,000 circuit breakers in a year. They offer product range from 5kv to 38kv vacuum breakers for both outdoor and indoor use.Application of these products include reclosers, fixed and draw-out breakers, sub-station breakers and flash mitigation safety.
All the major companies have good control on different market segments like market by phase, by control and by countries. Three phase and single phase market are growing very rapidly in European countries mainly in Russia and Poland. Poland dominates the single phase market as it is growing at a CAGR of 2.2% from 2014 to 2019. Russia dominates three phase market, electric and hydraulic market by control and is growing at a CAGR of 2.2% and 3.4% & 0.4% respectively.
Companies are increasing their market share through mergers and acquisitions -ABB Ltd. completed the acquisition of Thomas and Betts, which is a leading provider of low voltage products and accessories, helped the company expand its new low voltage product division to regions across the world. ABB Ltd. also discovered a new insulation gas mixture as a substitute for sulphur hexafluoride (SF6), which would facilitate in reducing the greenhouse gas emission, and introduce ABB as eco-friendly products.
Electric market by control is mostly used because electric recloser control is used in most of the three phase and some of the single phase reclosers due to its features, which include greater flexibility, advanced protection, automation functionality and ease of programming in comparison with hydraulic reclosers control. Hydraulic market in Poland is growing at a CAGR of 0.8%, which is more than any other European countries.
Browse throught the TOC and description of "Europe Recloser Market Report", here: http://www.micromarketmonitor.com/market/europe-reclosers-9563741541.html