Key players in the Asia-Pacific Recloser Market include Shingsung, Xuji, and Hubbell Ltd.
(PRWEB) February 24, 2015
The market is expected to reach $250.0 million by 2019, at CAGR of 5.5% during the forecast period of 2014 to 2019.
Browse through the TOC of The Recloser Market - Asia-Pacific Market for an analysis of industry trends, segment for an analysis of industry trends, segments & forecasts.
The recloser market has been analyzed in terms of phase, as the demand for recloser is deeply influenced by the phase in which it is implemented. The main phases discussed in the report are single phase, three phase, and triple single phase. The three phase recloser segment is expected to dominate the Asia-Pacific recloser market during the given forecast period, followed by the single phase recloser segment. The single phase segment is, however, projected to grow at comparatively the fastest CAGR amongst the phases, from 2014 to 2019. The triple single recloser segment is also expected to grow significantly, owing to the various technical advantages the triple single reclosers provide, as compared to the other phase reclosers.
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China is one of the biggest markets in the Asia-Pacific region. Factors such as developing power distribution network and low cost substitutes are helping the market to grow in this country, which in turn results in greater growth rate of the whole region. The Indian market segment is also expected to grow at a significant CAGR of 6.4% from 2014 to 2019. India and China offer huge growth opportunities for the players of the recloser market across the globe. Shinsung Industrial Electric Co. Ltd., Xuji Group Co. Ltd., and Hubbell Inc. are the major market players operating in this market.
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Furthermore, the report has analyzed the Asia-Pacific recloser market in terms of control and country. China, India, and Australia, among others, are the main countries that have been considered for the market analysis. The controls segments of the Asia-Pacific recloser market comprise electric and hydraulic controls.
North America Reclosers Market
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.
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