Recloser Market Sees Strong Growth

The global recloser market (including the sectionalizer market) is expected to grow at a CAGR of 4.88%, from 2017 to 2022, to reach a market size of $2.71 billion by 2022. The increasing demand for electric power worldwide, subsequent investments in installing renewable generation, rapid industrialization, and increased investment in automated power equipment are likely to drive the recloser and sectionalizer market during the forecast period.