Press release
Global Sectionalizers Market to reach valuation of US$1.4 bn by 2022 end
Sectionalizers Market
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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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By type of control, the global sectionalizers market is bifurcated into programmable and electronic resettable sectionalizers. Among these, electronic resettable is envisaged to achieve a lion’s share of the global sectionalizers market. In 2017, it secured a valuation of US$0.19 bn in the global sectionalizers market. On the other hand, programmable resettable is anticipated to exhibit a higher CAGR in the global sectionalizers market.
By type of phase, the global sectionalizers market sees a classification into single phase and three phase. Among these, three phase could be a higher revenue getter of the global sectionalizers market. By the end of 2022, it is expected to bag a US$0.26 bn in the global sectionalizers market. It could also register a higher CAGR in the global sectionalizers market. The adoption of three-phase sectionalizers is prognosticated to increase owing to the rising need for continuous power supply in various industries.
From a geographical standpoint, Europe and North America could be among lucrative regions of the global sectionalizers market. However, Europe is prophesied to follow North America in terms of growth as the latter achieves a larger share of the global sectionalizers market. North America could leverage the availability of advanced and robust distribution network for gaining a higher share of the global sectionalizers market. Asia Pacific could be another rewarding region pushing the growth of the global sectionalizers market. It is prognosticated to show quicker growth in the global sectionalizers market. This could be due to the increase in demand for sectionalizers in Australia, Japan, India, and China.
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The Asia Pacific sectionalizers market could take advantage of the increasing refurbishment of older power distributed systems, installation of new distribution lines, and rising need to improve the efficiency of existing distribution infrastructure. Rising energy consumption, improvement in power reliability, reduction in power outages, and growing investment to automate distribution for power reliability and quality could be other factors augmenting the demand for sectionalizers in the region. Governments offering guaranteed service programs and performance-based incentive schemes and swelling investment in smart grids are also expected to catapult the Asia Pacific sectionalizers market.
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