Market Growth Factors: Sectionalizers Market Outlook

Posted 2024-04-16 17:18:56

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The growing need for continuous power transmission in both the commercial and residential sectors is expected to generate significant potential prospects for the worldwide Sectionalizers Market in the near future. Given that sectionalizers are being adopted at a higher rate than isolators, the manufacturing sector in particular may experience a large demand for these devices. In addition to industry, the food & beverage and healthcare sectors may have a strong demand for sectionalizers. Additionally, it is anticipated that the growing trend of smart electrical distribution systems would present a number of opportunities for profit for participants in the worldwide sectionalizer market. Positive effects on the need for automatic sectionalizers may also result from this.

Fact.MR forecasts the global sectionalizers market to log a 5.10% CAGR between 2017 and 2022 as it reaches an estimated valuation of US$1.4 bn by the final forecast year. By type of insulator material, the global sectionalizers market is classified into silicone, porcelain, polymer, polyethylene, and ESP silicone. Among these, porcelain could take hold of a king’s share of the global sectionalizers market. In 2017, it collected revenue earnings worth a US$0.10 bn in the global sectionalizers market. Silicone is foretold to tread upon the heels of porcelain vis-à-vis revenue growth.

By voltage rating, the global sectionalizers market is divided into above 27 kV, 15-27 kV, and 0-15 kV. Among these, 0-15 kV could show dominance in the global sectionalizers market on the basis of revenue. By the end of 2022, the segment is predicted to attain the valuation of US$0.19 bn. Besides gaining a larger share of the global sectionalizers market, it could post a higher CAGR during the said forecast period.

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Region-wise Insights:

The North America sectionalizer business is expected to provide maximum absolute $ opportunity to its manufacturers comprehended by the availability of strong supply chain networks of sectionalizer players in this region.

Considering the fact that US has been one of the largest healthcare industry over past decade. The healthcare industry is anticipated to significantly amplify the demand in the global sectionalizers business. Since a number of medical devices need electricity to operate, automatic sectionalizers and also reclosers could be highly demanded in healthcare facilities. The growing trend of high adoption of smart electrical distribution system in hospitals and clinics is foretold to bode well for the global sectionalizer’s trade. The demand for sectionalizers could spike up at the global level due to the rising need for uninterrupted power supply in the healthcare industry.

Therefore, US sectionalizer market is estimated at USD 201 Million in 2022 and is forecast to surpass market valuation of USD 403 Million by end of 2032, growing at CAGR of 5.1% during the forecast period.

Moreover, market of sectionalizer in North America is forecast to surpass USD 646 Million in 2032 out of which ~90% share is projected to be generated through US and Canada sectionalizer markets during the same year.

Competitive Landscape: Top Companies in Sectionalizer Market:

The global sectionalizer market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced sectionalizer.

Fact.MR has provided detailed information about price points of top manufacturers of sectionalizer positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

Key Companies Profiled:

ABB
Eaton Corp.
Schneider Electric
Hubbell Incorporated
Heag
Entec Electric & Electronics
Elektrolites
Bevins
Celsa

What is the Demand Scenario of Sectionalizers in Construction Industry?

The report has estimated that during the forecast period, sales of sectionalizers within construction industry will gain highest traction in upcoming half-decade.

Construction may be a low-key industry but have a strong adoption of smart electrical distribution system which is expected to create decent demand for sectionalizers during the course of the forecast period 2022-2032.

The surge in demand for voltage distribution intelligence in a number of cities because of the rising need to integrate continuous power supply could push the growth of the global sectionalizers market. However, there could be a slight drop in the sales of sectionalizers because of the advent of devices that work on batteries as well as rechargeable ones.

Comprehending the aforementioned factors, construction segment in end use industries for sectionalizer is projected to grow at 4.9% CAGR during 2022-2032 and is estimated to value around USD 456 Million in 2022. This segment is projected to cover share around ~32.7% market valuation for sectionalizer by 2022 and is estimated to gain 260 BPS during the assessment period.

Global Sectionalizer Market Segments:

By Phase Type, Global Sectionalizer Market is segmented as:
- Single Phase
- Three Phase
By Voltage Rating, Global Sectionalizer Market is segmented as:
- 0-15 kV
- 15-27 kV
- Above 27 kV
By Insulator Material Type, Global Sectionalizer Market is segmented as:
- ESP Silicon
- Polyethylene
- Polymer
- Porcelain
- Silicone
By End Use Industry, Global Sectionalizer Market is segmented as:
- Manufacturing
- Construction
- Healthcare
- Food & Beverage
- Others
By Region, Global Sectionalizer Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA