North America Recloser Market Size & Outlook, 2023-2030
The recloser market in North America is expected to reach a projected revenue of US$ 400.4 million by 2030. A compound annual growth rate of 6.8% is expected of North America recloser market from 2024 to 2030.
Revenue, 2023 (US$M)
$253.3
Forecast, 2030 (US$M)
$400.4
CAGR, 2024 - 2030
6.8%
Report Coverage
North America
North America recloser market, 2018-2030 (US$M)
North America recloser market highlights
- The North America recloser market generated a revenue of USD 253.3 million in 2023.
- The market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, single-phase was the largest revenue generating phase in 2023.
- Single-phase is the most lucrative phase segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 253.3 million |
| Market revenue in 2030 | USD 400.4 million |
| Growth rate | 6.8% (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 |
| Key market players worldwide | ABB Ltd, Eaton Corp PLC, Schneider Electric SE, Siemens AG, Hubbell Inc, G&W Electric, General Electric |
Other key industry trends
- In terms of revenue, North America region accounted for 22.3% of the global recloser market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 883.6 million by 2030.
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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 |
|---|
North America recloser market
Related industry reports
Related regional statistics
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