Sectionalizers Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022
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According to a recently published report, the global sectionalizers market is expected to represent a value of over US$ 1,400 Mn by the end of 2022.
As technology continues to develop, it is significantly transforming the power distribution system. In pace with the emerging technology, manufacturers in various industries continue to look for distribution intelligence. Manufacturers in various industries prefer adopting the power distribution system that is integrated with the smart grid, automatic sectionalizing link, and automatic reclosers.
Adoption in the Food and Beverages Industry
Several manufacturers in the food and beverages industries significantly rely on the refrigerators for storing and preserving products. Globally, the food and beverage industry continues to consume nearly 5% of the energy supplied. The food and beverages industry is responsible for offering safe and healthy food products globally. Growing need for safe and healthy food products globally has led to an upsurge in demand for uninterrupted energy supply for refrigeration and heating process. Recent trends suggest that the increasing use of smart electrical distribution system attributed with automatic reclosers isolates the faulty section of the distribution system that could affect the other parts of the system. In order to maintain efficient and green production of food and beverage products, demand for smart electrical distribution system is expected to increase among the manufacturers globally.
High Demand for Smart Electrical Distribution System
Demand for automatic reclosers and sectionalizers continue to remain high in the healthcare industry as several medical devices operate on electricity. As various medical devices are increasingly dependent on the electricity, demand for smart electrical distribution system continue to remain high. Attributed to uninterrupted power supply in various hospitals and clinics, demand for sectionalizers is expected to spike up globally. Bound to such factors, the global sectionalizers market is expected to witness significant growth during the forecast period.
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Besides food and beverage, and healthcare industry, the smart electrical distribution system witnesses significant adoption in the construction industry. Growing need to integrate continuous power supply has led to an upsurge in demand for distribution intelligence in several cities. As government in several countries continue to encourage adoption of smart electrical distribution system, demand for sectionalizers is expected to rev up in the global market. However, with the emergence of rechargeable devices, and devices that function on batteries is expected to dip sales of the sectionalizers in the global market.
Electronic Resettable to Represent a Leading Segment
Growing need for continuous flow of electricity, has led to an increasing adoption of three phase systems in various industries. Three-phase type is expected to witness the highest revenue growth, recording a value of over US$ 260 Mn by the end of 2022. The three-phase segment is expected to register the highest CAGR in the global market throughout 2022.
Electronic resettable as compared to other control types is expected to witness the highest revenue, representing a value of over US$ 190 Mn by the end of 2017. However, the programmable resettable segment is expected to register the highest CAGR in the global market through 2022.
The 0-15 kv voltage rating is expected to represent the highest revenue growth, representing a value of over US$ 190 Mn by the end of 2022. The 0-15 kv voltage rating is expected to register the highest CAGR in the global market throughout 2022.
Porcelain as compared to other insulator material types is expected to witness the highest revenue growth, accounting for a value of over US$ 100 Mn by the end of 2017. Silicone insulator material type is expected to represent the second highest revenue growth in the global market.
Leading market players operating in the global sectionalizers market include ABB, Eaton Corp., Schneider Electric, Hubbell Incorporated, HEAG, Entec Electric & Electronics, Elektrolites, Bevins, and CELSA.
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