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2023
Sectionalizer Market

Sectionalizer Market

by Phase (Single Phase, Three Phase, and Others), Control Type (Resettable Electronic Sectionalizer, Programmable Resettable Sectionalizer, and Others), and Voltage Rating (0-15 kV, 15-27 kV, Above 27 kV, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A15984
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Jul 2023 | 1382 Views
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Sectionalizer is a protective device that is used to isolate a faulted section of line from the rest of the distribution system. It is mostly used in distribution networks because of its properties to reduce outages and supply reliable power.

Sectionalizers are an economical solution to sectionalizing large outdoor networks. They are self-contained, a circuit-opening device used in conjunction with source-side protective devices, such as reclosers or circuit breakers, to automatically isolate faulted sections of electrical distribution systems. The sectionalizer market is driven by the increase in investment in the distribution automation system and smart grid projects to reduce power interruptions and losses. Moreover, the increase in energy consumption globally and demand for reliable power from end users have forced utilities use sectionalizer to increase the reliability and quality of power. However, the use of substitute equipment such as pulse recloser would act as a barrier to the growth of the global sectionalizer market in the coming years.

COVID-19 Impact Analysis 

  • The coronavirus's unfavorable global effects are already evident, and had a big impact on the sectionalizer market in 2020.
  • The World Health Organization declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths globally. Exports & imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
  • The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
  • Since the pandemic, the restriction of imports and exports has affected the sectionalizer market to a great extent as consumers’ consumption and demand patterns are changing amidst the pandemic. 

Top Impacting Factors

The sectionalizer market is likely to grow given an increase in power distribution automation techniques. Hence, increase in global electricity consumption, use of automated distribution techniques, and the rise in the use of power protection equipment to increase reliability and reduce service outages are the main factors that drive the sectionalizers market. In addition, smart grid technology is expected to create an opportunity to use advanced fault protection equipment such as programmable electronic sectionalizer. The demand for this sectionalizer is expected to rise in developed economies to cater to the increase in demand for high-quality power. The highest revenue-generating region is Asia-Pacific. Reasons behind this growth are distribution network upgrade and increase in need of power reliability and distribution automation due to rapid urbanization and industrialization in this region.


Market Trends

  • Programmable Resettable Segment Expected to be Fastest-growing Segment in Sectionalizer Market
  • The advanced features of programmable resettable sectionalizer such as enhanced system reliability and quality of power supplied are expected to drive the demand in the segment. Also, the wide use of programmable resettable sectionalizers in three phase lateral lines would further boost the market, mainly in European and the U.S. markets.
  • Growing Urbanization and Industrialization in Developing Economies are Major Drivers of Market
  • Growing urbanization, increase in investment in smart grid projects, and the rise in commercial, residential, and industrial sectors are expected to drive the market for sectionalizers of voltage rating up to 15 kV. The growth can be attributed to increase investments in distribution automation along with smart grid projects in countries such as China, India, South Korea, and Australia. Also, the rise in demand for residential spaces and high growth in the real estate sector in Asian countries is expected to boost the demand for sectionalizers.
  • Technological Advancement and Digitalization in Europe and North America are Major Factors for Market Growth
  • With technological advancements in all the sectors, the need for continuous and reliable power supply is of utmost importance. With increase in loads and new upcoming factories, the fluctuation in the supply of electricity is very common. However, sectionalizers help reduce the power shortage and breakage situations, thus saving heavy and important appliances. Hence, the market is expected to expand in these regions.
     

Key Benefits of Report

  • This study presents the analytical depiction of the sectionalizer industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the sectionalizer market share.
  • The current market is quantitatively analyzed to highlight the sectionalizer market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed sectionalizer market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in Sectionalizer Market Report

  • Who are the leading market players active in the sectionalizer market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?                      

Sectionalizer Market Report Highlights

Aspects Details
By Phase
  • Single Phase
  • Three Phase
  • Others
By Control Type
  • Resettable Electronic Sectionalizer
  • Programmable Resettable Sectionalizer
  • Others
By Voltage Rating
  • 0-15 kV
  • 15-27 kV
  • Above 27 kV
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
 
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