Global Recloser Market Size & Outlook, 2023-2030
The recloser industry worldwide is expected to reach a projected revenue of US$ 1,755.9 million by 2030. A compound annual growth rate of 6.4% is expected of the worldwide recloser industry from 2024 to 2030.
Revenue, 2023 (US$M)
$1,134.2
Forecast, 2030 (US$M)
$1,755.9
CAGR, 2024 - 2030
6.4%
Report Coverage
Worldwide
Global recloser market, 2018-2030 (US$M)
Global recloser market highlights
- The global recloser market generated a revenue of USD 1,134.2 million in 2023 and is expected to reach USD 1,755.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.4% by 2030.
- In terms of segment, single-phase accounted for a revenue of USD 1,134.2 million in 2023.
- Single-phase is the most lucrative phase segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 1,134.2 million |
| Market revenue in 2030 | USD 1,755.9 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Single-phase |
| Fastest growing segment | Single-phase |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single-phase |
Other key industry trends
- In terms of revenue, the North America accounted for 22.3% of the global recloser market in 2023.
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Recloser Market Scope
Recloser market segmentation & scope
Control Type
Electronic
Hydraulic
Insulation Medium
Epoxy
Air
Oil
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
China
Japan
India
South Korea
Brazil
Saudi Arabia
Recloser Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global recloser market size, by regions, 2018-2030 (US$M)
Related industry reports
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