Global Sectionalizer Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.
Sectionalizer refers to a protective device that is utilized to isolate a faulted section of line from the rest of the distribution system. Sectionalizers are used in conjunction with automatic circuit recloser or reclosing circuit breaker. Sectionalizer available in two formats such as hydraulic or electronic controlled. The growing expansion of power distribution sector and increasing global electricity consumption are factors that are accelerating the global market demand. For instance, according to International Energy Agency (IEA) - during 2019, US utilities companies spent USD 50.5 billion in capital expenditures, and it further increased to USD 57.8 billion in 2020. In addition, European utilities spent USD 46.9 billion in capital expenditure, and it further increased to USD 51 billion by 2020.Furthermore, as per Statista - in 2019, Electricity generation worldwide was estimated at 27,037 terawatt hours and it further increased to 28466 terawatt hours in 2021. Also, growing urbanization and industrialization as well as rising investment towards distribution sector are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, availability of substitutes and of substitute and requirement of additional upstream brakers impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Sectionalizer Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing automation of power distribution sector and presence of leading market players. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of the new investments towards power distribution sector and rising urbanization, would create lucrative growth prospects for the Sectionalizer Market across the Asia Pacific region.
Major market players included in this report are:
Eaton Corporation PLC
Elektrolites (Power) Pvt. Ltd.
Entec Electric & Electronic Co. Ltd.
G&W Electric Company
INAEL Electrical Systems SA (INAEL)
S&C Electric Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Control Type
Resettable Electronic Sectionalizer
Programmable Resettable Sectionalizer
By Voltage Rating
Above 27 kV
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period: 2022 to 2028
Target Audience of the Global Sectionalizer Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers