Argentina is Expected to Grow at the Fastest CAGR of 5.5%

Date: 2015-08-09

“The reclosers market is estimated to grow at a CAGR of 5.2% from 2014 to 2019. Brazil holds the largest market share in the South American market. Argentina is expected to grow at the fastest CAGR of 5.5% during the given forecast period. There are various factors that drive the growth of the reclosers market in South America. Automatic restoration of power, more reliability in distribution systems, decreased customer outage cost, automated data collection, and the rising need for state-of-the-art technology acts as drivers for the reclosers market in South America. However, high costs associated with the installation of reclosers and lack of government investments for grid stability may hamper the growth of the South American reclosers market.
The South America reclosers market has been segmented on the basis of phase, control, and country. On the basis of phase the market is segmented into single phase, three phase, and single-triple reclosers. On the basis of control the markets has been segmented into hydraulic and electric controls. Reclosers market in South America is further segmented on the basis of countries i.e. Brazil, Argentina, and others. High cost associated to installation of reclosers and lack of governments in investments for grid stability is some of the inhibitors in South America reclosers market.
The South American market has been segmented into Brazil, and Argentina, among others, for the geographic analysis. Brazil dominated the reclosers market with a 46.0% market share in 2014. The reclosers market in Brazil is driven by a number of factors, including large geographical area, increasing population, and rising demand for efficient supply of electricity in the country. However, Argentina is expected grow at the fastest CAGR of 5.5% from 2014 to 2019.
The reclosers market is a competitive market with a number of market players. As of 2014, the reclosers  market is dominated by Cooper Industries (Eaton Corp.), ABB Ltd., S&C Electric Company, G&W Electric, and Schneider-Electric, among others. New product launches, new technology launches, new contracts, acquisitions, joint ventures, and expansions are among the key strategies adopted by the leading market players to boost growth in the South American reclosers market.

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