Press release
Sectionalizers Market To Sublimate Innovation At A CAGR Of 5.% Between 2022 - 2031: Fact.MR
The global sectionalizers market is projected to create lucrative growth opportunities in the near future due to the swelling need for uninterrupted transmission of power in the commercial as well as residential sector. The manufacturing industry in particular could show massive demand for sectionalizers because of higher adoption compared to that of isolators. Besides manufacturing, sectionalizers could be highly demanded in the food and beverage and healthcare industries. Furthermore, the rising trend of using smart electrical distribution systems is foreseen to bring in several profit-making prospects for players in the global sectionalizers market. This could also reflect positively on the demand for automatic sectionalizers.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
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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
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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.
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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.
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