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Rockville, MD, Aug. 28, 2018 (GLOBE NEWSWIRE) -- Growing need for uninterrupted power supply in the residential industry has led to an upsurge in demand for automatic sectionalizers globally. In addition, surge in demand for smart electrical distribution system is likely to impact growth of the global sectionalizers market positively. According to a recently compiled report by Fact.MR, the global market of sectionalizers is projected to reflect a CAGR of 5.1% over the forecast period, 2017-2022.
Factors Fuelling Growth of the Global Market
Growth of the global sectionalizers market is bound to various macro and micro economic factors. Increasing demand for continuous supply of power in various industries is likely to rev up demand for sectionalizers globally. Unbalanced loading, uncontrollable power flow, and swell and sag of the voltage could hinder the process of manufacturing in several industries. Growing demand for uninterrupted power supply has led the manufacturers to adopt automatic sectionalizers with the three-phase systems as compared to the manual devices such as isolaters. Configured with automatic reclosers, the sectionalizers is expected to represent considerable demand in the manufacturing, healthcare, and food and beverages industry.
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With the increasing advancements in technology, manufacturers are increasingly looking to adopt distribution intelligence. Growing adoption of smart system of electrical distribution has led to an upsurge in adoption of automatic reclosers, smart grid, and automatic sectionalizers. These factors are likely to fuel demand for the sectionalizers among manufacturers.
Manufacturers operating in the food and beverage industry continue to depend on the refrigerating system in order to preserve and store products. The food and beverage industry consumes around 5% of the global energy. Growing need for fresh and safe food products has led to an upsurge in adoption of smart system of electrical distribution network. Surge in demand for smart electronic distribution system is projected to rev up adoption of the sectionalizers in the food and beverages industry globally. However, increasing availability of rechargeable devices, and battery operated devices is likely to inhibit growth of the global sectionalizers market over the forecast period.
Three-Phase to Represent a Dominant Segment
Surge in demand for uninterrupted supply of electricity continues to fuel adoption of the three-phase system globally. The three-phase system is expected to sell more than the other phase types in the global market. Currently, the three-phase type segment is projected to represent a value of more than US$ 260 Mn by 2022-end.
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By control type, the electronic resettable segment is projected to represent segment more than US$ 190 Mn by 2017-end. On the other hand, the programmable resettable control type segment is likely to reflect faster growth in the global sectionalizers market through 2022.
On the basis of voltage rating, the 0-15 kv segment is projected to account for significant revenue share, recording more than US$ 190 Mn by 2022-end. Moreover, this segment is projected to reflect a relatively high CAGR in the global market.
By insulator material type, the porcelain insulator is projected to generate significant revenue as compared to silicone insulator. The porcelain insulator material type segment is projected to represent more than US$ 100 Mn by 2017-end. The silicone insulator material type segment is projected to represent the second highest growth in terms of revenue by 2022-end.
Major players in the global sectionalizers market are Eaton Corp., ABB, Hubbell Incorporated, Schneider Electric, Entec Electric & Electronics, HEAG, CELSA, Elektrolites, and Bevins.
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.